DeiFunded Deletes their Discord Server with over 40,000 Members

Date: June 1, 2024

DeiFunded Pty Ltd., a firm surrounded by controversies since its inception, has recently made headlines by deleting its Discord server with over 40,000 Members. Known for its rapid rise and equally swift decline, DeiFunded’s story serves as a cautionary tale in the prop trading world. Let’s dive into the details behind the rise and fall of DeiFunded.

What Was DeiFunded?

DeiFunded Pty Ltd. was established in November 2023 and quickly made a name for itself in the prop trading industry. Despite its promising start, the firm has always been shrouded in controversy. Its legal registration number is 18666253229.

The Rise of DeiFunded

DeiFunded experienced a meteoric rise, achieving over $1M in sales within its first month. This rapid success was largely due to aggressive marketing and appealing offers. The company also promised to secure a license with the Australian Securities and Investments Commission (ASIC), which initially reassured many investors.

First Red Flags

However, not everyone was convinced of DeiFunded’s legitimacy. MattLCEO, the CEO of MyFundedFX, was among the first to raise concerns. He predicted potential issues with DeiFunded during its launch in November 2023. His warnings highlighted the risks associated with the firm's too-good-to-be-true promises and Matt recieved a lot of hate for this.


DeiFunded Stopped its Communications

Over the past month and a half, DeiFunded’s communication channels have gone silent. There have been no updates or new account issuances, leading to growing mistrust among its users. A lack of transparency is often a major red flag for investors, and DeiFunded’s silence has only fueled speculation about its stability.

The firm's social media activity, particularly on Twitter, has also ceased. Their last tweet was over a month ago, which is unusual for a company that once actively engaged with its audience. In today’s digital age, a strong social media presence is crucial for maintaining customer trust and transparency.

Unstable Growth Patterns

DeiFunded’s rapid growth, while initially impressive, has proven to be unsustainable. With so many recent examples of Prop firms that expand too quickly we have also ovserved they often struggle to maintain stability in the long run. In contrast, firms that grow steadily tend to build a more solid foundation and long-term trust with their clients.

One of the critical mistakes made by DeiFunded was their pricing strategy. They offered a BOGO50 deal, where customers could get two 100K challenge accounts for just $200. This was significantly cheaper compared to other firms that charged around $400 for a single 100K challenge account. Such unsustainable pricing models are a major red flag that a user should look for. 

Lessons Learned

The downfall of DeiFunded highlights several important lessons for us as Prop Firm Traders. As the industry is currently growing, we must be very selective with firms, as already passing a challenge is hard. It’s wise to wait for at least six months after a new firm launches before investing, as this period often reveals the true nature of the company. Also, if a firm offers Buy One Get One, or constant 50% Offs, that's a major Red Flag.

Former customers of DeiFunded have expressed their frustrations online. Many have shared their experiences in various forums and social media platforms, highlighting issues such as poor customer service, unfulfilled promises, and the sudden disappearance of the firm’s communication channels.

The collapse of DeiFunded has significant implications for the prop trading industry. It underscores the need for better regulatory oversight and transparency. Moreover, it has made traders more cautious, potentially affecting the growth of other new firms in the sector.

Looking ahead, prop firms need to focus on building trust and stability. Transparent communication, fair pricing strategies, and strong regulatory compliance will be key to gaining and maintaining trader confidence. New traders should do thorough research and consider the long-term viability of a firm before investing their time and money with any firm


DeiFunded’s rise and fall serve as a stark reminder of the importance of due diligence and cautious investment in the prop trading industry. While their initial success was impressive, the subsequent issues and lack of communication eroded customer trust and led to their downfall. As the industry evolves, both firms and investors must learn from these lessons to foster a more stable and trustworthy trading environment.