Company Information

• Company Name: Klein Funded
• Company Legal Name: KLEIN TECH LTD
• Company Registration No.: 16100411
• Operating Since: 28 November 2024
• CEO Name: Undisclosed

Challenge Details

Klein Funded offers two types of trading challenges: the Two-Phased Challenge and the One-Phased Challenge, tailored to accommodate traders with varying preferences and skill levels.

Two-Phased Challenge

Pricing (Normal Accounts):

• Size: $6,000 – $49
• Size: $13,000 – $99
• Size: $30,000 – $199
• Size: $50,000 – $279
• Size: $100,000 – $439

Pricing (Swap-Free Accounts):

• Size: $6,000 – $53
• Size: $13,000 – $105
• Size: $30,000 – $210
• Size: $50,000 – $300
• Size: $100,000 – $460

Rules:

• Profit Target (Phase 1): 5%
• Profit Target (Phase 2): 8%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 70% (scales up to 90%)
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Major Cryptos: 1:100
  • Minor Cryptos: 1:50
  • Forex Pairs: 1:100
  • Indices: 1:15
  • Metals: 1:20
• Max Lot Size: No limit
• Payout Frequency: Flexible
• Allows Copy Trading: Yes
• Min Trading Days: 0

One-Phased Challenge

Pricing (Normal Accounts):

• Size: $6,000 – $49
• Size: $13,000 – $99
• Size: $30,000 – $239
• Size: $50,000 – $339
• Size: $100,000 – $539

Pricing (Swap-Free Accounts):

• Size: $6,000 – $53
• Size: $13,000 – $105
• Size: $30,000 – $250
• Size: $50,000 – $360
• Size: $100,000 – $570

Rules:

• Profit Target: 8%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 70% (scales up to 90%)
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Major Cryptos: 1:100
  • Minor Cryptos: 1:50
  • Forex Pairs: 1:100
  • Indices: 1:15
  • Metals: 1:20
• Max Lot Size: No limit
• Payout Frequency: Flexible
• Allows Copy Trading: Yes
• Min Trading Days: 0

Scaling Plan

Klein Funding offers an easy scaling plan which allows traders to scale up to a maximum of $2 million. To be eligible, traders will have to achieve a 10% profit on their initial balance and their account will be increased by 10% and traders will also get paid their 10% profit.

Spreads and News Trading Rules

Spreads

Klein Funding ensures transparency in spreads, commissions, and swap rates for all pairs. They also offer traders a demo account so they can check the live spreads :-

• Website: demo.tradelocker.com
• Login Details:
  • Email: [email protected]
  • Password: Letmein32!
  • Server: KLEIN

News Trading Rules

Trading during news events is permitted by Klein Funding. However, profits made within two minutes before or after a high-impact news event will be removed. Traders are free to hold their position throughout the news event but opening or closing trades in the four-minute window is prohibited.

Other Important Rules

Daily Drawdown Calculation

Klein Funding calculates daily drawdown based on balance or equity (whichever is higher) at the end of the day at 12:05 AM UTC. The drawdown type used here is Equity based drawdown which means the drawdown limit will increase or decrease as the account balance grows or shrinks.

Countries Banned from Purchasing

Klein Funding allow traders from all around the world to participate in their funding program.

Gambling Rules

Klein Funding does not allow Over-leveraged or “all-or-nothing” type of trading behavior. Although there is no punishment for gambling but it is highly discouraged by Klein Funding

Prohibited Trading Strategies

Klein Funding has a list of strategies which are not allowed on their platform :-

• Latency Arbitrage
• Front-running price feeds
• Hedging
• Hedging between multiple accounts
• Arbitrage trading
• High-frequency trading
• Reverse trading/group hedging
• Tick scalping
• Spamming the order book
• Group trading
• Taking more than 50% of your trades with a hold time of less than one minute is prohibited.

Payout Methods

Klein Funding offer 2 main payout options for their traders for withdrawal :- 

• Bank Transfer: EUR or USD.
• Crypto Wallets:
  • USDT (ERC20)
  • USDT (TRC20)
  • Bitcoin (BTC)
  • Ethereum (ETH)

Trading Commissions

Commission rates set by Klein Funding is as follows :

• Major Cryptos: Commission-free
• Minor Cryptos: 0.015% per side
• Forex: $1.50 per side per lot
• Metals: $4.50 per side per lot
• Indices: Commission-free

IP Rule

Klein Funding has not mentioned any information related to IP Rule on their website.