Company Information

Company Name: Sway Funded
Company Legal Name: Sway Funded LTD
Company Registration No.: 2024-00342
Operating Since: 22 March 2024
CEO Name: Undisclosed

Challenge Details

Sway Funded offers three type of challenges : Rapid, Regular, and No Consistency. Here are the details :-

Rapid Challenge

Pricing:

• $1,000 account: $15
• $2,500 account: $38
• $5,000 account: $74
• $10,000 account: $149
• $25,000 account: $374
• $50,000 account: $524
• $100,000 account: $824
• $150,000 account: $1124
• $200,000 account: $1484

Rules:

• Profit Target: 15% or 30%
• Total Loss: 10% or 20%
• Daily Loss: 5% or 10%
• Profit Share: 80%, up to 100%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: 1:100 (1:10 for stocks)
• Max Lot Size: No limit
• Payout Frequency: 30 Days
• Allows Copy Trading: Yes
• Min Trading Days: 4 Days

Regular Challenge

Pricing:

• $1,000 account: $10
• $2,500 account: $25
• $5,000 account: $49
• $10,000 account: $99
• $25,000 account: $249
• $50,000 account: $349
• $100,000 account: $549
• $150,000 account: $749
• $200,000 account: $989

Rules:

• Profit Target (Phase 1): 10% or 20%
• Profit Target (Phase 2): 8% or 16%
• Total Loss: 10% or 20%
• Daily Loss: 5% or 10%
• Profit Share: 80%, up to 100%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: 1:100 (1:10 for stocks)
• Max Lot Size: No limit
• Payout Frequency: 30 Days
• Allows Copy Trading: Yes
• Min Trading Days: 4 Days

No Consistency Challenge

Pricing:

• $1,000 account: $12
• $2,500 account: $30
• $5,000 account: $59
• $10,000 account: $119
• $25,000 account: $299
• $50,000 account: $419
• $100,000 account: $659
• $150,000 account: $899
• $200,000 account: $1187

Rules:

• Profit Target (Phase 1): 10% or 20%
• Profit Target (Phase 2): 8% or 16%
• Profit Target (Phase 3): 8% or 16%
• Total Loss: 10% or 20%
• Daily Loss: 5% or 10%
• Profit Share: 80%, up to 100%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: 1:100 (1:10 for stocks)
• Max Lot Size: No limit
• Payout Frequency: 30 Days
• Allows Copy Trading: Yes
• Min Trading Days: 4 Days

Scaling Plan

Sway Funded does not offer a scaling plan at this time.

Spreads and News Trading Rules

Spreads

All Sway Funded accounts operate under an ECN structure in partnership with Sway Markets, providing ultra-tight spreads  which starts from 0.0 pips.

News Trading Rules

Sway Funded allow traders to trade during news. Traders cannot open or hold positions 5 minutes before and 5 minutes after restricted news events which are mentioned in the client's dashboard.

Other Important Rules

Daily Drawdown Calculation

Sway Funded calculates daily drawdown based on the the equity of the balance at each day at 00:00 GMT+2. The drawdown type used here is Trailing Drawdown which means the drawdown limit will only trails to a higher account balance limit.

Countries Banned from Purchasing

Sway Funded does not allow registrations from clients residing in these following countries:

• Afghanistan
• Burma (Myanmar)
• Democratic Republic of the Congo
• Crimea
• Cuba
• Ethiopia
• Haiti
• Iran
• Iraq
• Japan
• Lebanon
• Libya
• Malta
• North Korea
• Pakistan
• Republic of the Congo
• Russia
• Somalia
• South Sudan
• Sudan
• Syria
• Trinidad and Tobago
• Tunisia
• Venezuela
• Vietnam
• Yemen
• Australia
• New Zealand
• Zimbabwe

Prohibited Trading Strategies:

Sway Funded prohibits trading strategies that exploit system inefficiencies or manipulate market behavior, including:

• Toxic volume
• High-frequency trading
• Arbitrage
• Latency exploitation

Payout Methods

Sway Funded only offer Cryptocurrencies as their only payout methods as of now, Traders can withdraw their payouts via these Cryptocurrencies :-

• Bitcoin
• Ethereum
• Tether
• Tron

Trading Commission

Trading Commissions charged by Sway Funded are as follows:-

• Standard Assets: $7.00 per lot.
• Crypto Perpetuals: 0.04% of the notional volume (trade size in USDT).

IP Rule

Sway Funded has not mentioned any information related to IP Address rule on their website.