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 three types of trading programs to help traders excel:

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

1-Step Challenge

Pricing:

• $10,000 Account: $107
• $25,000 Account: $207
• $50,000 Account: $327
• $100,000 Account: $497
• $200,000 Account: $947

Rules:

• Profit Target: 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 limit
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

2-Step Challenge

Pricing:

• $10,000 Account: $97
• $25,000 Account: $197
• $50,000 Account: $347
• $100,000 Account: $527
• $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 limit
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: 3 Days

Instant Funding

Pricing:

• $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% - 100%
• Drawdown Type: Static drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:10
  • 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 very unique scaling plan to rewards their consistent traders :

• Eligiblity Criteria for 1-Step and 2-Step Challenge:
  • Traders will have to achieve a 10% profit and have two profitable months in the total of 3 months.
• Account Balance Growth:
  • Account size increases by 50% every three months.
  • Each account has a max scaled up capital of $1 million.
  • 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 these demo accounts to check the live spreads, Traders can view these spreads by accessing these platforms:

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

News Trading Rules:

FundedSquad allow traders to trade during news but does not allow traders to trade 4 minutes before and 4 minutes after a high-impact news release. During this 8 minute window, opening or closing any trades can lead to account breach oor profit removal. Though traders can 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

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: No commission.

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.