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