What is DeiFunded and what services does it offer?

DeiFunded is a proprietary trading firm registered in Australia. It provides trading evaluation services, allowing traders to participate in simulated trading on a demo account for evaluation purposes.

How many phases are there in the evaluation process?

There are two phases – an 8% profit target verification phase and a 5% profit target evaluation phase. Successful completion leads to a live withdrawable account.

Can I use Expert Advisors (EAs) and Indicators in my trading?

Yes, traders are permitted to use EAs and Indicators. It’s crucial to customize settings to ensure distinct trades, and certain manipulative strategies are strictly prohibited.

Is stop-loss mandatory for every trade?

No, using a stop-loss is not compulsory. Traders have the freedom to choose based on their trading methods, risk management practices, and individual analysis of each trade.

How does copy trading work at DeiFunded?

Traders can participate in copy trading within their own accounts. However, copy trading between accounts not owned by the same individual is strictly forbidden. Automated systems monitor for similar trades.

What are the consequences of violating trading strategy rules?

Violations may lead to warnings, profit deductions, or account termination, depending on the severity of the infraction. Compliance ensures fair and ethical trading practices.

Is there a time limit to complete the evaluation challenge?

While there’s no specific time limit, traders must be active within a 30-day period. Each evaluation phase requires a minimum of 4 trading days.

What are the prohibited trading strategies at DeiFunded?

Prohibited strategies include High-Frequency Trading, Latency Trading, Hedging Across Multiple Accounts, Arbitrage Trading, Tick Scalping, Grid Trading, and more. Violations result in consequences.

How is maximum drawdown defined at DeiFunded?

Maximum drawdown refers to the maximum allowable loss from a peak before reaching a new peak. It aids in risk management to prevent exceeding predefined loss levels.

What leverage is provided for trading?

DeiFunded offers a leverage of 1:100 for trading.

Can I have multiple accounts during the evaluation phases?

Yes, there’s no limit on the number of accounts during the Challenge and Verification stages. However, there’s a maximum capital allocation limit for live trading.

How often can I request a payout?

After passing the first 2 phases, traders can submit a payout request every 14 days.

How long does it take to become a funded trader?

The duration varies based on a trader’s performance during the evaluation period. Successful candidates can transition in as little as 8 days.

How do I contact DeiFunded?

You can contact DeiFunded via the contact page on their website or by emailing support@deifunded.com.

DeiFunded Prop Firm Details and Reviews, Legit or Scam?

DeiFunded

Email [email protected]

Avoid

CLOSED

This Prop firm is now closed. Please do not engage with this firm.

Details About DeiFunded

Legal Name: DeiFunded Pty Ltd.

Company Number: 18666253229

Country of Registeration: AU

CEO: Dr Shane Healy

Support Mail: Email [email protected]

Phone: Not available

Payment Modes: Not disclosed

Withdrawal Methods: Not disclosed

Website: https://deifunded.com

Banned Countries:

Challenge Details at DeiFunded

Types of Challenges: Two Phase Challenge

Trading Platforms: Metatrader

Trading Instruments: Forex, Crypto

Broker: Not disclosed

Max Allocation: $200,000

Scaling: $2,000,000

Trading Competitions: Does not organize Trading Competitions

Free Trials: Does not offer free Trials

About DeiFunded

DeiFunded is a prop firm which started on 24 October 2023 and now has been closed. During the time of operation, DeiFunded was quite popular among traders but due to traders’ unsatisfactory response, the prop firm was closed. DeiFunded website is still up and running where it is mentioned that they provided funding up to $200,000 and also a special scaling plan where traders could get paid in salary as well.
Company Information
Company Name : DeiFunded
Company Legal Name : DeiFunded Pty Ltd
Company Registration no. : 18666253229
CEO Name : Dr Shane Healy
Challenge Details
DeifFunded only offers a Two Phase Evaluation Program.
2 Phase Evaluation Program Details :-
Pricing:
$5,000 : $59
$10,000 : $129
$25,000 : $229
$50,000 : $329
$100,000 : $469
$200,000 : $899
Rules:
Profit Target(Phase 1) : 8%
Profit Target(Phase 2) : 5%
Total Loss : 10%
Daily Loss : 5%
Profit Share : 80-90%
Drawdown Type : Static
Time Limit : No limit
Leverage : 100:1
Max Lot Size : 1:100
Payout Frequency : within 24hrs
Allows Copy Trading : No
Min Trading Days : 4 Days
Scaling Plan
DeiFunded offers a scaling plan with which trader can increase their account size by 30% and Traders will also get benefits like salary and free account.
Eligibility criteria:
Traders must have to make 4 Payouts of 5% in every 2 months.
Benefits(First 2 months):
Account Size will be increased by 20%
Profit Split will be increased to 90%.
Max Drawdown will be increased by 1%.
Max Daily Drawdown will be increased by 1%.
Traders will get a free challenge account if they fail their first account.
Traders will get a free $50K challenge account as a monthly bonus.
Benefits(First 4 months):
Account Size will be increased by 25%
Profit Split will be increased to 90%.
Max Drawdown will be increased by 2%.
Max Daily Drawdown will be increased by 2%.
Traders will get a free challenge account if they fail their first account.
Traders will get a free $100K challenge account as a monthly bonus.
Traders will get $200 per month.
Benefits(First 2 months):
Account Size will be increased by 30%
Profit Split will be increased to 90%.
Max Drawdown will be increased by 3%.
Max Daily Drawdown will be increased by 3%.
Traders will get a free challenge account if they fail their first account.
Traders will get a free $200K challenge account as a monthly bonus.
Traders will get $300 per month.
Spreads and News Trading Rules
Spreads
DeiFunded does offer a demo account where traders can check their live spreads.

Broker Name: Kubera Capital Markets
Account Name: 2100161112
Password: DeiFunded_test1
Server: Kubera Capital Markets Ltd
News Trading Rules
DeiFunded does not add any restrictions over news trading. Traders are free to trade as they like during any news event.
Other Important Rules:-
Countries Banned from Purchasing
DeiFunded allow every trader from around the world to join their funding program.
Prohibited Trading Strategies
DeiFunded has marked some strategies are forbidden on their platform and practicing these strategies can breach trader’s accounts. These Strategies are:
High-Frequency Trading
Latency Trading
Hedging or Group Hedging Across Various Accounts at DeiFunded
Any Form of Arbitrage Trading
Tick Scalping
Grid Trading
Account Sharing at DeiFunded
Hyperactivity
Use of Platform or Data Freezing Due to Demo Server Errors

This Prop firm is now closed. Please do not engage with this firm.