?

FAQs

Your Questions, Answered: DeiFunded FAQs

Do you have a demo account to check spreads and instruments?

Yes! You can use the demo account below to check instruments:
Broker Name: Kubera Capital Markets
Account Name: 2100161112
Password: DeiFunded_test1
Server: Kubera Capital Markets Ltd

What happens when I pass each phase of the evaluation?

Once you have passed your first or second phase of your evaluation you will be emailed a new set of credentials to access the next phase.

Server timezone, roll over and minimum trading days

Please note that the server roll over is at GMT +2. This time zone may affect the roll over of your trading days. If your account appears to be stuck on 3 trading days, please take this into account and place a new trade the following day to proceed to the next phase.

Trading during rollover

During the rollover period, spreads often widen, which can unexpectedly trigger stop-loss orders. To prevent premature trade exits, consider adjusting stop-loss settings to accommodate wider spreads or temporarily move/remove them during this time.

Stop loss

A stop-loss order (SL) serves as a mechanism to help control potential losses by automatically ending a trade when the price hits a predetermined level.

You’re not obliged to use a stop-loss (SL) for every trade, allowing you the freedom to trade without it. This choice should be guided by your trading methods, risk management practices, and analysis of each trade. While using SL and TP (Take Profit) orders can aid in risk control and securing profit, their use is not compulsory. You can choose to use them based on your trading preferences and goals, aiming to optimise your performance in the competition in a way that aligns with your individual approach.

EAs

Traders are permitted to use Expert Advisors (EAs) and Indicators to improve their trading tactics. It is crucial for every trader to tailor their trading parameters to fit their distinct trading style and account. We do not impose any limitations or restrictions on your strategy, whether it involves discretionary trading or EAs that employ martingale strategies to generate profits.

Traders may use the same Expert Advisor or Indicator as others, but it’s vital to alter the settings and parameters to make their trades distinct. On our platform, certain trading practices are firmly banned as they are deemed manipulative in the market.

Copy trading

DeiFunded permits traders to participate in copy trading from another DeiFunded account, prop firm, or retail broker, as long as the accounts belong to the same individual. This implies that you can replicate trades from any account(s) that are under your ownership.

However, DeiFunded strictly forbids copy trading between multiple accounts that are not owned by the same individual, including accounts belonging to relatives, family members, or friends. Additionally, there are certain other activities that are also prohibited:

  • If a substantial portion of your trades mirrors those of one or multiple traders in terms of parameters (such as Opening Price, Closing Price, lot size, lot ratio, symbols, etc.), DeiFunded uses an automated system to flag trades that appear similar to those of other traders. Should a flag be raised on your account, it will be subject to a manual review. Based on the seriousness of the infraction, one of two actions may be taken:
    • A warning will be issued along with a deduction of profits, and the account will be reset.
    • If you are not in profit, your account will not be reset. The account will be directly terminated without any profit share.
  • Traders are allowed to use the same Expert Advisor as other traders, but each trader must ensure that their trading parameters are unique based on their own trading style and account. If traders use the same expert advisor and have identical trading parameters and similar trades are found among one or more other traders, it will be considered copy trading as well.
  • Copy trading, account management, and “pass your challenge” services are not allowed. Traders must trade independently.

Should traders fail to adhere to the regulations, DeiFunded may issue a formal warning or enact immediate termination from the platform, depending on the extent of the violation.

The rationale behind enforcing rules for copy-trading is to guarantee fair and ethical trading practices among all participants, and to avert any misuse of the copy-trading system. These regulations are in place to sustain an equitable environment for all traders and help ensure you are assessed on real trading ability. By complying with these rules, traders can effectively utilise the copy-trading system while upholding its integrity.

Do you allow Martingale?

Yes, we do. Please keep in mind that no single trade can contribute to more than 40% of your total account profit or break any other rules.

Time limit

While there is no time limit to complete the challenge, you must be active within a 30 day time period to keep your account active. There are a minimum of 4 trades of days trading (not calendar days) required to progress through each of the verification and evaluation phases.

Number of phases

There are two phases – a 8% profit target verification phase and a 5% profit target evaluation phase. Once completed, you will move to your live withdrawable account.

Calculating Loss

Daily and Max drawdown are balance based.

Can I hold trades over the weekend?

Yes, you can hold trades over the weekend and trade crypto on weekends too.

Can I trade during the news?

Yes, you are allowed to trade the news with DeiFunded.

Restricted/Prohibited Trading Strategies

DeiFunded firmly prohibits any form of cheating or exploitation of its platform, as this violates the Terms and Conditions agreed upon during registration. Traders are encouraged to carefully read the Terms and Conditions and comprehend the guidelines to avoid unintended violations.

“Abuse of the System” refers to trading practices that do not mirror real market conditions, which are not permitted and will lead to a breach of the Terms of Service without warning. Strategies that yield risk-free, consistent profits solely in Challenge accounts are strictly banned. Traders are expected to manage their accounts as if they were actual DeiFunded accounts. Using strategies that take advantage of Challenge accounts will result in the termination of a trader’s account, whether in the evaluation phase or with a live DeiFunded account. Engaging in “Pass Your Challenge,” “Copy Trading Services,” or “Signal Services” in a manner that exploits these offerings is also strictly forbidden, leading to the denial of any DeiFunded accounts and a permanent ban from all DeiFunded services.

Example Strategies That Violate our Terms of Service:

High-Frequency Trading:
High-Frequency Trading (HFT) is a method of trading that involves employing advanced computer algorithms and rapid telecommunication networks to carry out a large volume of trades in mere milliseconds. The objective of this strategy is to take advantage of tiny price variations and make use of market inefficiencies. Although HFT might appear attractive for its ability to quickly generate profits, it carries substantial risks and can negatively impact the market.

Here’s why HFT and Bot Trading is restricted on the DeiFunded platform:
HFT and Bot Trading trading can skew market prices and fabricate artificial market conditions. By carrying out an extensive number of trades in milliseconds, HFT and Bot traders may generate misleading signals of market activity. This can influence the decision-making of other market participants, potentially leading to market manipulation. The excessive trade volumes produced by high-frequency trading can undermine market stability. The swift surge and withdrawal of orders can lead to volatility, resulting in unpredictable price changes and heightened market uncertainty. This makes it difficult for other traders to make sound decisions. Additionally, the vast quantity of trades executed in a brief time frame often leads to server overloads, resulting in technical issues and subsequent repercussions.

Example: Consider an HFT trader who executes a succession of buy orders in milliseconds, artificially inflating the market price. This sudden increase may mislead other traders into purchasing at these elevated prices, potentially resulting in losses when the market eventually self-corrects. Similarly, an HFT trader might perform a flurry of rapid trades within a very short time frame, causing swift and drastic price fluctuations in a specific asset. Such increased volatility and unpredictability pose challenges for other market participants in accurately evaluating market conditions and formulating their trading strategies.

Latency Trading:
Latency trading is a method where traders capitalise on delayed market data or exploit delays in the execution of trades to obtain certain profits. At DeiFunded, latency trading is categorically banned due to its unethical approach and the violation of equitable trading principles in financial markets.

Example: Latency trading is in direct conflict with the ethos of fair and transparent trading. It damages the integrity of financial markets by introducing an element of injustice, diminishing trust among market participants. A latency trader exploits a delay in trade execution, utilising the price gap between the delayed execution and the current market price. They rapidly execute a high volume of trades to leverage this price difference, generating artificial demand or supply and distorting market dynamics. Such deliberate engagement in these practices undermines the fairness and transparency essential for a robust trading environment.

Hedging or Group Hedging Across Various Accounts at DeiFunded:

Hedging within the same account is permitted at DeiFunded.

However, the use of multiple accounts for hedging purposes is not allowed as it does not represent a legitimate trading strategy. For instance, if you have two accounts, you cannot place hedged trades between them.

Example 1: Suppose you have two trading accounts at DeiFunded, Account A and Account B. If you buy 1 lot of EUR/USD on Account A and at the same time sell 1 lot of EUR/USD on Account B to hedge the position, this practice is prohibited.

Example 2: If you have two trading accounts with DeiFunded, Account A and Account B, and you buy 1 lot of EUR/USD on Account A and then hedge by selling 1 lot of EUR/USD on the same Account A, this is permissible.

Hedging or group hedging across multiple accounts involves a trading method where an individual or a group operates numerous accounts and executes opposing trades on the same asset in all these accounts. This approach aims to benefit from price movements while reducing market risk. Nevertheless, it fails to demonstrate true trading acumen and is thus forbidden at DeiFunded.

Any Form of Arbitrage Trading:

Arbitrage trading involves exploiting price differences or timing discrepancies across various markets or platforms to secure risk-free profits. At DeiFunded, any form of arbitrage trading is strictly forbidden due to its unethical nature and its potential for market manipulation.

Example: Arbitrage trading can lead to the distortion of market prices and impede the efficient distribution of resources. By taking advantage of price differences, arbitrage traders can cause market prices to diverge from their true fundamental values, leading to inconsistencies in market pricing. For instance, a trader might engage in statistical arbitrage by buying and selling related instruments simultaneously, based on historical pricing trends. This type of trading can disrupt the market pricing of these instruments, causing a disparity between their perceived value and actual worth. Furthermore, large-scale arbitrage activities can prompt quick price changes, generating artificial market volatility and disturbing the normal process of price discovery.

Tick Scalping:
Tick scalping is a trading technique where traders seek to gain from minor price changes by conducting a large number of trades in a short timeframe. DeiFunded has implemented restrictions on tick scalping due to its potential for market manipulation and disruptive trading behaviours.

Example: A tick scalper might use automated trading algorithms to engage in tick scalping on various instruments. By carrying out trades at an extremely fast pace, they are able to capitalise on even the slightest price variations. This can effectively lead to front-running other market participants, thereby gaining an unfair advantage. Such intense trading activity, characterised by a rapid influx of orders and frequent cancellations, can burden market liquidity. This makes it difficult for other traders to carry out their trades at equitable prices, thus disrupting normal market operations.

Grid Trading:
Grid trading is a method where traders place opposing buy and sell orders on the same financial instrument, often with similar risk parameters. DeiFunded prohibits grid trading because it can lead to market manipulation, excessive leveraging, market instability, and the pursuit of risk-free profits.

Example: A trader might use grid trading by setting up simultaneous buy and sell orders on a specific currency pair, aiming to capitalise on price fluctuations. This practice of repeatedly executing these opposite orders can create a false impression of market activity, potentially influencing the decisions of other traders. Additionally, a trader might engage in grid trading with aggressive leverage, opening numerous buy and sell positions in a volatile market. While this might seem like a controlled strategy, the combined risk from price changes and high leverage could lead to significant losses if the market moves against their positions.

Account Sharing at DeiFunded:
Account sharing involves the unauthorised act of sharing or reselling DeiFunded accounts with other individuals or entities. This action is in direct violation of DeiFunded’s Terms of Service and is strictly forbidden. DeiFunded maintains a zero-tolerance policy towards account sharing, driven by various concerns related to security, fairness, and adherence to regulatory standards.

Hyperactivity:
Hyperactivity in trading is characterised by an excessively high level of trading activity, including frequent and quick execution of trades within a short timeframe, as well as constant modifications to orders like adjusting stop-loss or take-profit levels and revising limit orders.

Reasons for Restricting Hyperactivity on DeiFunded:
Trading is a vital component of DeiFunded, but excessive trading activities can pose challenges. A key concern is the potential slowing of the platform due to the large number of server messages/logs created by numerous trades. This can lead to delayed trade executions, which is problematic for traders. In severe cases, it could even cause the platform to freeze or crash.

To ensure a smooth and dependable experience for all traders, measures are in place to prevent hyperactivity. An account is considered hyperactive if it exceeds 200 trades and 2,000 server messages in a single day, including messages from frequent order modifications.

Consequences of Exceeding Hyperactivity Limits:
DeiFunded’s team will issue a first warning to modify trading strategies if an account surpasses 2,000 messages for the first time. A second warning will follow if the account exceeds this limit again. Upon a third occurrence, the account will be flagged as hyperactive and breached. Moreover, if an account generates 15,000 messages in a day, it will be forcefully disabled to prevent further system overload.

Use of Platform or Data Freezing Due to Demo Server Errors:

Utilising any unfair advantage, such as exploiting platform or data freezes caused by demo server errors, is strictly forbidden at DeiFunded. This rule helps to ensure fairness for all traders and prevent deceptive practices. If traders are found to be engaging in such activities, they will be subjected to investigation, and measures including the revocation of access to demo servers may be taken. In case of server issues, traders are advised to report the issue to DeiFunded’s support team without delay.

Guarantee of Profit with Limit Orders During Low Liquidity Market:
The practice of implementing guaranteed execution of limit orders, particularly in a low liquidity market, is prohibited on DeiFunded. This is because it could potentially circumvent regulatory restrictions and exploit the low-liquid market.

This exploitative behaviour is significant given that trading occurs on a simulated platform. By using such guaranteed execution of limit orders, traders might bypass the order executions that would occur in a real market setting. This method is inconsistent with genuine financial market operations and violates DeiFunded’s Terms of Service.

How does the max loss work?

Your maximum loss is determined by your account’s end-of-day balance, which resets at 00:00 GMT+2. This calculation ensures that you are aware of the largest loss you can incur in a day, providing a measure for effectively managing risk and preventing the possibility of surpassing set loss thresholds.

How much leverage can I trade with?

We provide a leverage of 1:100.

What constitutes a trading day?

Any day you place a buy and sell order with a P/L of at least $1.

How many accounts can I have? What is your max allocation?

At DeiFunded, there is no limit on the number of accounts you can have during the Challenge and Verification stages. However, as a DeiFunded Trader, there is a maximum capital allocation limit, which is set at $400,000 (on a normal risk setup, before scaling) per trader or strategy at any given time. Equivalent limits are established for other currencies.

It’s crucial to refrain from acquiring multiple accounts through various registrations, as this practice is not permitted. If identically traded strategies are detected across multiple accounts, exceeding the total of $400,000 in active DeiFunded Accounts, we reserve the right to suspend those accounts as stated in the contract.

Which trading platforms can I use to trade?

We offer MT5 across all of our evaluations. We will notify our customers if we introduce new platforms and feel free to contact us if you would like to make any recommendations.

How do I request a payout?

Once you have passed the verification and evaluation phases navigate to the “Withdrawals” section on our platform, where you’ll find the option to request a payout. Once submitted, we will review the request and contact you to organise KYC checks and payment as quickly as possible, or to discuss any potential issues with the request.

When can I request a payout?

After you have passed the first 2 phases of the evaluation (each a minimum of 4 trading days) you can submit your first payout request after 14 days and then again once every 14 days.

How long until I receive the payout?

Once a withdraw request has been received, we will contact you within 24 hours and pending approval / completion of your KYC your funds will be sent within 3 business days.

How many days a week do I have to trade?

Each evaluation phase requires a minimum of 4 trading days (not calendar days). We want to make sure we are working with real traders and work on a foundation of discipline and consistency.

How long can my account be inactive, before it’s deleted?

Accounts can remain inactive for a 30 day period before they are considered for deletion. Days of inactivity is defined as any days that you do not place any trades.

Is my evaluation fee refundable? Why is there an evaluation fee?

The evaluation fee is a part of our rigorous selection process, ensuring only dedicated traders join our platform. Successful evaluations may be eligible for refunds. Details are provided in our terms and conditions.

How long does it take to become a funded trader?

The duration varies depending on a trader’s performance during the evaluation period. Successful candidates can transition to becoming funded traders in as little as 8 days.

What profit target do I have to hit?

Profit targets are set based on the account type and other parameters. Details on profit targets are provided when you purchase your evaluation.

Where are you registered? Are you regulated?

DeiFunded is organised under Australian law and provides trading evaluation services. We offer customers the platform to trade selected markets on a simulated basis in demo accounts solely for evaluation.

Are we an Australia-based company and what does that signify?

Like the Australian spirit, we are always moving forward. We are not a broker or a financial institution, and thus, we are not registered with any Australian regulatory body.

How do I contact you?

Via the contact page located here or by emailing support@deifunded.com.

Why should I become a funded trader with DeiFunded?

DeiFunded offers a unique trading environment with unparalleled support, advanced tools, and a genuine commitment to trader success. Our platform allows traders to thrive and reach their financial goals.

Do you accept traders from anywhere in the world?

Yes, DeiFunded operates in over 150+ countries, ensuring global accessibility for traders worldwide.

What are the core values of DeiFunded?

Our core values are Integrity, Fairness, and Dedication. These values guide all our operations and our commitment to our traders.

Do we have a statement surrounding the ethos of our company?

DeiFunded is organised under Australian law and has been providing evaluation services to traders since 2023. DeiFunded offers customers the chance to have their trading skills evaluated in selected markets on a simulated basis through demo accounts and share the results of their trading evaluations. Qualified customers receive remuneration for net profits, if any, which are calculated and meet specific criteria achieved from simulated trading in demo accounts. This transparent business model allows us to provide what we believe is an unparalleled product and service.

How do we ensure the safety of my funds?

DeiFunded doesn’t act as a broker or financial institution. Therefore, we don’t manage or hold customer funds in investments. We offer simulated trading in demo accounts and do not provide platforms for customers to trade with their actual funds.

How do we handle payouts?

Payments to customers with positive trading results, in compliance with our partnered proprietary trading firm’s conditions, are overseen by a dedicated financial team. This team ensures smooth processing by projecting liquidity needs and cash requirements, including payouts. Our partnering firm conducts consistent analyses to ascertain its readiness for all foreseeable financial obligations.

What is DeiFunded’s mission?

Our core function is to evaluate trading on a simulated basis through demo accounts. We use external regulated brokers for price feeds and data related to our evaluation services.

Are your trading platform providers regulated?

Yes.

How do we proactively ensure our continued viability in the future?

DeiFunded is fundamentally an evaluation platform. We constantly monitor industry changes, identify emerging trends, and always operate compliantly. We’re committed to evolving alongside the industry, with our dedication to ethical conduct, and innovation as foundational pillars. We cherish our association with our community and are confident in our proactive measures for future success.

Take the next step.

Ready to Trade?

Ready to Trade Like a Pro? Sign Up to Prove
Your Skills. Join DeiFunded Today!

Get started

Get your free ebook.

Young Millionaires:
Mastering the Art of
Proprietary Trading

Download

Newsletter.

Never Miss an
Offer or Update.
Join the Newsletter.

Frequently Asked Questions

What is the DeiFunded Trading Challenge?

The DeiFunded Trading Challenge is a unique opportunity for traders to showcase their skills under real market conditions. By trading on a simulated account, participants can prove their trading proficiency, adherence to risk management, and ability to hit profit targets. Successful challengers may be offered a funded trading account and the chance to trade with DeiFundeds' capital.

How long does the DeiFunded Trading Challenge last?

The DeiFunded Trading Challenge spans a period of 30 days. During this time, traders must meet specific objectives and abide by our trading rules to successfully complete the challenge.

What criteria must be met to successfully complete the DeiFunded Trading Challenge?

To successfully complete the challenge, traders must achieve a set profit target without breaching our risk management guidelines. This includes adhering to the daily and total max drawdown limits, as well as other specified trading conditions.

Can I participate in the DeiFunded Trading Challenge more than once?

Yes, if a participant does not succeed in their first attempt, they are welcome to enroll in the challenge again. We believe in providing multiple opportunities for traders to prove their skills and earn a funded trading account.

Are there any specific trading instruments or assets that are off-limits during the challenge?

All trading instruments provided in the simulated account are permissible for the challenge. However, traders are encouraged to trade those instruments they are most familiar with and to always conduct thorough research before trading any asset.

What happens after I successfully complete the DeiFunded Trading Challenge?

Upon successful completion of the Trading Challenge, participants may be offered a funded trading account with DeiFunded. This allows traders to trade with our capital, subject to the terms and conditions of our funding agreement, including profit-sharing and risk management rules.

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.