Platform updates and payout processing

To our valued DeiFunded traders,

We are excited to announce that we are in the final stages of launching a new trading platform designed to resolve these issues once and for all. This platform represents a significant leap forward, offering enhanced reliability, speed, and accuracy of data.

As part of our commitment to excellence and user satisfaction, we have granted 350 of our traders exclusive access to $5,000 accounts to test the new platform. This initiative is not only a testament to our confidence in this new solution but also an opportunity for us to incorporate valuable feedback from our most important stakeholders — you, our traders.

Your experiences and insights during this testing phase are crucial to us. They will guide the final adjustments, ensuring that our new platform fully meets your needs and exceeds your expectations.

We understand the importance of clear, ongoing communication and assure you that our customer support team is available to provide updates and answer any questions. We encourage you to reach out for any further information or support.

Thank you for your trust, and support through this period of transition. We are excited about the future and confident that these advancements will significantly improve your trading experience with DeiFunded.

At DeiFunded, we remain steadfast in our commitment to uphold the highest standards of data accuracy and reliability. We previously identified issues related to data accuracy within our current technology platform and exploits from a range of users (HFT, trading through breaches, bot and algorithmic trading etc), impacting account integrity and subsequently payout precision.

In response, we have initiated a thorough review of all payout phases within MT5 to ensure every DeiFunded trader receives the accurate payouts they deserve. While this has led to temporary delays, our dedicated team is working tirelessly to expedite this process, aiming to minimise any inconvenience. Please bear with us while this backlog is processed. 

We are deeply grateful for the opportunity to serve you.

Warm regards,
DeiFunded

MetaTrader 5 Installation Guide for Windows

What is MetaTrader 5 (MT5)?

MetaTrader 5 (MT5), developed by MetaQuotes, is a comprehensive trading platform catering to multiple asset classes including forex, equities, and futures.

MT5 equips traders with the capability to analyze charts, receive real-time price feeds, and execute trades through their brokerage. The platform opens doors to a range of financial markets, such as currency pairs, commodities, contract for differences (CFDs), equities, futures, and indices.

It boasts a wide array of features, such as tools for both fundamental and technical analysis, options for copy trading, and facilities for trading automation:

  • Varied trading functions tailored for adept traders
  • Immediate entry to market quotes and liquidity
  • Facilities for automated trading setups
  • Extensive tools for technical analysis
  • Swift trade executions
  • Convenient scripts for managing trades
  • Remarkable flexibility
  • Intuitive interface that’s straightforward to learn and manoeuvre

The standout attribute of MT5 is its support for automated trading through the use of trading bots, commonly referred to as Expert Advisors (EAs). These EAs function autonomously, tracking prices and executing trades based on pre-set algorithms without the need for trader intervention.

MT5 also boasts additional advantages such as a multi-threaded strategy tester for optimizing trading strategies, the capability to transfer funds between accounts seamlessly, and an alert system to stay informed on current market happenings.

Moreover, the platform includes an integrated MQL5 community chat feature, which provides traders with a platform to connect, exchange ideas, and share trading insights and methodologies.

What is Required to Run MetaTrader 5 on a PC?

To ensure MetaTrader 5 (MT5) operates on your PC, it’s essential that your system aligns with the following minimum criteria:

  • To run MetaTrader 5 you should be using Windows 7 or later
  • 2.0 GHz or faster CPU
  • At least 512 MB RAM (although 1 GB is recommended).

These specifications are merely the starting point for running MT5 on a PC. To effectively engage in trading and potentially turn a profit while operating multiple instances, your system will need to be more robust.

Installing MetaTrader 5 on a Windows PC

MetaTrader 5, often abbreviated as MT5, stands as a top choice for traders globally to engage in the buying, selling, and trading of financial markets. 

Step 1: Obtain the MT5 Installation File

To kick off the installation process, you need to download the MT5 setup file. This file is readily available for download from our downloads page here: https://deifunded.com/platforms/

Step 2: Execute the MT5 Installation Program

Once the MT5 installer is downloaded, initiate the installation by double-clicking the file.

  • Should the User Account Control feature be active on your PC, a prompt will appear. Click ‘Yes’ to continue.
  • Read through and agree to the licence terms.
  • Click ‘Next’ to proceed with the standard installation. Alternatively, click ‘Settings’ to customise the installation parameters, which include:
    • Installation directory: Choose where you want MT5 to be installed on your computer.
    • Follow the Windows installation instructions.
    • Choose the installation directory location.
    • Click Finish when done.

Once the installation is complete, you can click the application shortcut newly created on your desktop, and launch the MetaTrader 5 software.

Step 3: Installation Progress

The installation process will now proceed independently. The time it takes can range anywhere from 10 to 200 seconds, contingent on the performance of your computer. Once finished, the MetaTrader platform will initialise, at which point you can input the credentials sent to you in your welcome email.

To check the version and build date of the installed software, simply go to ‘Help’.

Well done, you’ve successfully installed MetaTrader 5 on your computer! You can now establish a demo account and begin discovering the features of MT5 for your forex trading endeavours.

Young Millionaires: Mastering the Art of Proprietary Trading

Download your comprehensive guide to understanding and navigating the world of proprietary trading, a financial arena where both risk and rewards are scaled to dizzying heights.

Download your free copy here: Young Millionaires FREE Guide

What’s included

Introduction

  • Chapter 1: The Basics of Proprietary Trading
  • Chapter 2: Anatomy of a Young Millionaire Prop Trader
  • Chapter 3: Educational Pathways and Skill Development
  • Chapter 4: How to choose a Prop Trading Firm
  • Chapter 5: Tools of the Trade
  • Chapter 6: Strategies That Work
  • Chapter 7: The Capital and Leverage Game
  • Chapter 8: Making the First Million
  • Chapter 9: Diversification and Growth
  • Chapter 10: Challenges and Pitfalls
  • Chapter 11: The Future of Prop Trading
  • Chapter 12: Ten Golden Rules for Aspiring Young Millionaire Prop Traders

How to Pass the Prop Trading Challenge: A Comprehensive Guide

Proprietary trading, or prop trading as it’s commonly called, has taken the trading world by storm. With a promise of significant returns and the allure of trading large sums without personal capital at stake, it’s no wonder traders are eager to dive in. 

However, the gateway to this world, the prop trading challenge, is not a cakewalk. Many have tried and stumbled. 

To ensure you’re not one of them, we’ve compiled an in-depth guide to help you navigate and triumph over this challenge.

1. Avoid Third-Party Temptations

In today’s interconnected digital world, you might encounter offers from entities promising to clear the prop challenge for a fee. Beware. Not only are many such offers scams, but even if they do help you pass, renowned firms like DeiFunded have strict rules against third-party trading. The lesson? Trust in your skill. Practice, refine, and persevere.

2. Grasping the Rules: A Non-Negotiable Step

While it may sound basic, understanding the challenge rules is imperative. Skipping or skimming through the guidelines is a mistake you can’t afford. Firms like DeiFunded provide clear-cut rules, expecting traders to adhere strictly. Remember, each firm might have its nuances; always read the specifics.

3. The Science of Risk Management

You might have a golden strategy, but without understanding risk per trade, you could be setting yourself up for failure. At DeiFunded, for instance, the emphasis on risk management is paramount. It’s crucial to understand how different lot sizes affect various currencies and commodities, ensuring consistent results.

4. Initiating Conservatively

Rome wasn’t built in a day, and neither will your trading success. Instead of swinging for the fences immediately, start small. As you gain momentum and your strategy proves fruitful, gradually amplify your trades, especially keeping in mind the time constraints at DeiFunded.

5. Implementing the Stop Loss

This isn’t just about cutting losses; it’s about discipline and consistency. An experienced trader knows when to exit, and that’s where stop loss comes into play. DeiFunded, like many prop trading firms, underscores the importance of this tool, given that over 60% of traders without it tend to lose their funded account.

6. Overnight Trades: Tread with Caution

Holding trades overnight might seem harmless, but it comes with hidden pitfalls. Market spreads can widen dramatically during the rollover time, impacting even those trades that seem safe.

7. Weekend Trades: A Risk Best Avoided

The unpredictability of markets post weekends can be disastrous. With factors like global events, geopolitical shifts, or sudden corporate announcements, the trading landscape can shift dramatically over weekends. It’s a risk best sidestepped, as emphasised by DeiFunded’s guidelines.

In Conclusion:

Succeeding in the prop trading challenge requires a blend of skill, strategy, and discipline. While the world of prop trading offers immense opportunities, it’s imperative to approach it with diligence and preparation. Take the time to master the fundamentals, refine your strategies, and remember: in trading, continuous learning and patience are your most trusted allies.

How to Choose the Right Prop Firm

In the dynamic landscape of financial markets, Proprietary (Prop) Trading Firms have carved a niche for themselves. Their burgeoning popularity is more than just a fleeting trend; it’s a testament to the shifting paradigms in the trading world. As traders increasingly understand the advantages of these entities, the necessity of choosing the apt Prop Firm becomes crucial. Let’s dive deep into their intricacies.

Deepening the Understanding of Prop Firms

At their core, Proprietary Trading Firms, colloquially known as Prop Firms, are specialised institutions that trade using their own capital, prioritising their own profit. What differentiates them from the multitude of trading entities is their ability to empower individual traders. They provide funds, allowing traders to operate on the firm’s behalf across a plethora of markets, from equities to exotic commodities.

The Amplified Appeal of Prop Firms

Trading with a Prop Firm is not just about leveraging increased capital. It’s about tapping into a realm where the trader can harness significant profits with proportionally lower risks. Whether it’s a seasoned trader looking to upscale or a newbie aiming for a kickstart, the lure of these firms is undeniable. Their promise of maximising returns, coupled with a safety net, makes them incredibly enticing.

Detailed Criteria

The journey of selecting the right Prop Firm is nuanced. It’s not just about ticking boxes, but understanding what each box signifies:

  • Reputation: Beyond the testimonials on a company’s website, platforms like TrustPilot and ForexPeaceArmy offer unfiltered insights. It’s the candid feedback from fellow traders that truly paints the picture.
  • Longevity and Evolution: Time-tested experience is invaluable. However, it’s also essential to see how a firm has evolved over time, adapting to the market’s ever-changing dynamics.
  • Trading Strategy Versatility: The best firms appreciate the diversity of trading strategies. They cater to a spectrum of traders, from scalpers to long-term position holders.
  • Capital Scaling Options and Milestones: Progressive capital scaling is a sign of a firm’s belief in its traders. When they provide clear milestones and rewards, it demonstrates their commitment to growth.
  • Rules, Boundaries, and Freedom: Trading rules should strike a balance. They must protect the firm’s interests while not stifling the trader’s creativity.
  • Holistic Support: It’s not just about educational resources. Mentorship, webinars, community forums, and personalized feedback are markers of a firm’s holistic approach to trader growth.
  • Transparency in Costs: The fine print matters. Always delve deep into the fee structure, ensuring there are no hidden clauses or costs.

DeiFunded: A Paradigm of Excellence

While many firms offer a gamut of services, DeiFunded emerge as a holistic solution. Our impeccable reputation is well-earned, with a history rich in trader success stories. The freedom we grant to traders, allowing a wide array of strategies, signifies our modern, inclusive approach.

Our backend, a treasure trove of insights, resources, and tools, ensures traders have everything at their fingertips. Plus, with DeiFunded, what you see is what you get — our transparent and competitive fee structure is a breath of fresh air in an often-complicated industry.

In the vast sea of Prop Firms, making an enlightened choice is both an art and a science. Firms like DeiFunded, with their unparalleled offerings and unwavering dedication to traders, stand tall. In trading, as in life, the right allies can elevate your journey, and the decision of a Prop Firm partnership is one such pivotal alliance. Choose wisely.

The information provided on this website is solely for general informational purposes and does not take into consideration your specific objectives, financial status, or needs. Prior to making decisions based on this information, you should evaluate its suitability in relation to your personal objectives, financial circumstances, and requirements.