Company Information

Company Name: Funded Squad
Company Legal Name: DEVIONICS TECHNOLOGY – FZCO
Company Registration No.: 46706
Operating Since: September 23
CEO Name: Ajwad Saleem

Challenge Details

Funded Squad offers 2 Challenge programs and an Instant Funding Program:

• 1-Step Challenge
• 2-Step Challenge
• Instant Funding Program

1-Step Challenge

Pricing:

• $10,000 Account: $119
• $25,000 Account: $259
• $50,000 Account: $429
• $100,000 Account: $679
• $200,000 Account: $1219

Note :- An additional $10 will be applied if you choose TradeLocker Platform.

Rules:

• Profit Target: 9%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 85%, Up to 90%
• Drawdown Type: Trailing drawdown
• Time Limit: Unlimited
• Leverage: For Forex: 1:30, For Metals, Commodities, Indices: 1:10, For Digital Assets: 1:2
• Max Lot Size: No limit
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

2-Step Challenge

Pricing:

• $10,000 Account: 109
• $25,000 Account: $249
• $50,000 Account: $409
• $100,000 Account: $649
• $200,000 Account: $1199

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Total Loss: 8%
• Daily Loss: 3%
• Profit Share: 85%, Up to 90%
• Drawdown Type: Static drawdown
• Time Limit: Unlimited
• Leverage: For Forex: 1:30, For Metals, Commodities, Indices: 1:10, For Digital Assets: 1:2
• Max Lot Size: No limit
• Payout Frequency: 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

Instant Funding

Pricing:

• $10,000 Account: $219
• $25,000 Account: $1,099 or $249/month
• $50,000 Account: $1,999 or $449/month

Rules:

• Profit Target: 5%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 60%, Up to 100%
• Drawdown Type: Static drawdown
• Time Limit: Unlimited
• Leverage: For Forex and Gold: 1:10
• Max Lot Size: No limit
• Payout Frequency: On demand
• Allows Copy Trading: Yes
• Min Trading Days: 5 Days

Scaling Plan

Funded Squad offers a simple scaling plan. With which traders can increase their capital up to $1 Million. To be eligible, Traders will have to make 10% in 3 months and 2 out of 3 months will have to end in profit. 

• Account Balance Growth:
  • Account size increases by 50% every three months based on the initial balance.
  • Example: Start with $200,000 → $300,000 (3 months) → $400,000 (6 months) → $1,000,000 (24 months).
• Improved Drawdown Limits:
  • 2-Step Challenge: Daily drawdown grows from 4% to 6%.
  • 1-Step Challenge: Daily drawdown grows from 3% to 6%.
• Instant Funding Plan:
  • Traders can Double their account size upon achieving 10% profit if they do not request withdrawal.
  • Progression through stages increases profit share to 100% and removes subscription fees by Stage 5.

Spreads and News Trading Rules

Spreads:

FundedSquad has offered demo accounts to check the live spreads in both of their trading platform :

• MatchTrader Account: Login
  • Email: [email protected]
  • Password: Ed1vXkUpwV
• TradeLocker Account: Login
  • Email: [email protected]
  • Password: 8y~~fU
  • Server: FNSQ

News Trading Rules:

FundedSquad does not allow traders to trade 4 minutes before and after any high-impact news release. During this 8 minute window, opening or closing any trades can lead to account breach or profit removal but traders are allowed to hold their trades throughout the news.

Other Important Rules

Daily Drawdown Calculation:

FundedSqaud calculates daily drawdown based on balance or equity whichever is higher at the end of the day. The drawdown type is Equity-Based Drawdown which means the drawdown limit will keep changing as the account balance increases or decreases.

Countries Banned from Purchasing:

Currently FundedSquad does not offer services to these countries :- 

• Iran
• Syria
• Myanmar
• North Korea
• Vietnam

Prohibited Trading Strategies:

FundedSquad has restricted few trading strategies to maintain fairness:-

• Exploiting demo account features for risk-free profits.
• Using delayed data feeds or trading on delayed charts.
• Tick scalping
• High-Frequency Trading
• Arbitrage bots
• Arbitrage
• Hedging
• Hedging between multiple accounts or devices
• Martingale
• Overtrading, poor money management or inconsistent trading behavior.

Payout Methods:

FundedSquad provide payouts to their traders via two methods :-

• Rise
• Cryptocurrency

Trading Commissions:

Trading Commissions charged by FundedSquad is given below :

• Forex and metals: $5
• Commodities, indices, and crypto: $0

IP Rule:

IP Rule is not mentioned by FundedSqaud and using VPN is also not allowed. We advice traders to trade using the same device from which they purchase the accounts.