About FundedSquad

FundedSquad is a new prop firm in the prop firm space which offers traders an excellent opportunity to trade with significant capital without risking their own money. With two challenge programs and Instant Funding, traders can demonstrate their skills, earn funding, and enjoy profit-sharing opportunities. FundedSquad allows traders to trade with capital funding of up to $200,000 and traders can scale their account by up to $1 million.

Company Information

• Company Name: FundedSquad
• Company Legal Name: DEVIONICS TECHNOLOGY – FZCO
• Company Registration no.: 46706
• Operating Since: 2023
• CEO Name: Ajwad Saleem

Challenge Details

FundedSquad offers three funding programs: the 1-Step Challenge, 2-Step Challenge, and Instant Funding. Below are the details for each program. 2-Step Challenge has 2 types, Solo and Squad, Each has a different drawdown limit and drawdown type and also offer different profit target.

1-Step Challenge

Pricing:

• Price: $10,000 account – $107
• Price: $25,000 account – $207
• Price: $50,000 account – $327
• Price: $100,000 account – $497
• Price: $200,000 account – $947

Rules:

• Profit Target (Phase 1): 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 85% - 90%
• Drawdown Type: Trailing drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:30
  • Metals, Commodities, Indices: 1:10
  • Digital Assets: 1:2
• Max Lot Size: No limits
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 trading days in Evaluation Phase, 3 trading days in Funded Phase

2-Step Challenge (Solo)

Pricing:

• Price: $10,000 account – $97
• Price: $25,000 account – $197
• Price: $50,000 account – $347
• Price: $100,000 account – $527
• Price: $200,000 account – $997

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 85% - 90%
• Drawdown Type: Trailing drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:30
  • Metals, Commodities, Indices: 1:10
  • Digital Assets: 1:2
• Max Lot Size: No limits
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 trading days in Evaluation Phase, 3 trading days in Funded Phase

2-Step Challenge (Squad)

Pricing:

• Price: $10,000 account – $97
• Price: $25,000 account – $197
• Price: $50,000 account – $347
• Price: $100,000 account – $517
• Price: $200,000 account – $987

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 85% - 90%
• Drawdown Type: Static drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:50
  • Metals, Commodities, Indices: 1:10
  • Digital Assets: 1:2
• Max Lot Size: No limits
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 trading days in Evaluation Phase, 3 trading days in Funded Phase

Instant Funding

Pricing:

• Price: $25,000 account – $1099 or $249 monthly
• Price: $50,000 account – $1999 or $449 monthly

Rules:

• Profit Target: 5%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 85% - 90%
• Drawdown Type: Trailing drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:10
  • Gold: 1:10
• Max Lot Size: No limits
• Payout Frequency: On demand
• Allows Copy Trading: Yes
• Min Trading Days: 3

Scaling Plan

FundedSquad offers an attractive scaling plan for successful traders. If the trader achieve a 10% profit over three months with two profitable months out of the three, your account balance will increase by 50%. The scaling plan can take you from managing a $200,000 account to a $1,000,000 account in just two years.

Account Growth Example:

• After 3 months: $300,000
• After 6 months: $400,000
• After 9 months: $500,000
• After 12 months: $600,000
• After 15 months: $700,000
• After 18 months: $800,000
• After 21 months: $900,000
• After 24 months: $1,000,000

Increased Drawdown Limits with Scaling:

• Daily Drawdown: 3% to 6% (over time)
• Overall Drawdown: 6% to 12%

News Trading Rules

Traders can hold trades during high-impact news but cannot open new positions 4 minutes before or after the news event. Any profit made during this restricted time will be removed without any violation.

Other Important Rules

Daily Drawdown Calculation:

Daily drawdown is calculated at the end of each trading day based on the higher value between the account's equity or balance. Based on the value, the drawdown limit will increase or decrease as the account grows or shrinks.

Countries Banned from Purchasing:

FundedSquad offer their services to all countries around the world except these 4 countries-

• Iran
• Syria
• Myanmar
• North Korea

Prohibited Trading Strategies

FundedSquad prohibits any strategies that exploit demo account features, such as:

• Platform or data freezing
• Trading with delayed charts or feeds
• Latency Arbitrage
• Hedge Arbitrage
• Overtrading and inconsistent strategies
• Martingale strategy
• high-frequency trading

Payout Methods

FundedSquad offers payouts via 2 payout methods.

• Rise
• Digital Assets

Trading Commissions

FundedSquad does not charge commissions on commodities, indices, or cryptocurrencies and a $5 commission is applied on trading with Forex and metals.