DeiFunded is a well-known prop trading firm from Australia.
But is DeiFunded a scam?
No, it isn’t!
Our review and experience show that DeiFunded is a safe proprietary trading firm.
You can share your experiences with DeiFunded within our comment section.
Table of Contents
Key Takeaways
- DeiFunded quickly gained recognition as a top up-and-coming prop firm in the industry with an impressive weekly trade volume exceeding $1 million
- This prop firm has a 2-phase evaluation process and an attractive profit split of 80% – 90%. Traders can request payout twice a month and are allowed to trade across a diverse range of assets
- In our review we will go over everything this prop trading firm has to offer like its features, programs, pros, cons and more to see if this is worth you time
About DeiFunded
DeiFunded is an Australian prop firm launched in 2023. This company is led by CEO Dr. Shane Healy and Brin Tylor (VP), financial experts with decades of experience in trading and prop trading. Their core mission is to evaluate traders’ skills through simulated trades in demo accounts.
| Name | DeiFunded |
|---|---|
| Website | deifunded.com |
| Company | DeiFunded Pty Ltd. |
| Address | L 45, 680 George St, Sydney NSW 2000, Australia |
| CEO | Dr. Shane Healy |
| Founder | unknown |
| Founded | 2023 |
| Contact | Mail, Contact Form |
| [email protected] | |
| Phone Number | not available |
| Starting Capital | $5,000 to $200,000 |
| Profit Share | 80% to 90% |
| Evaluation | 4 days |
| Fee | $59 to $899 |
| Payment Methods | Credit Card, Crypto |
| Instruments | CFDs, Forex |
| Platform | MetaTrader 5 |
| Withdrawals | twice per month |
| Languages | English |
Our findings show that DeiFunded prioritizes transparency and security. Their 2-step evaluation programs and flexible rules offer a clear path to earning as a funded trader, regardless of location.
DeiFunded quickly established itself as a strong contender in the industry. Adding to their milestones is the impressive achievement of exceeding $1 million in weekly trade volume. This signifies a high level of activity and trust from traders participating in their programs.
Safety and Regulation
DeiFunded is a company registered under Australian law that provides a simulated trading platform. They are not a broker or a financial institution and, therefore, don’t require any regulatory oversight.
Their platform allows users to trade in a simulated environment to evaluate their trading skills. Users cannot trade with their own money on DeiFunded’s platform, so there is no risk of losing actual funds. Traders only need to pay a small fee to participate in their funded trading programs.
Accepted Countries
This prop firm accepts traders from more than 150 countries. This means a large portion of the world can participate in their simulated trading platform.
Keep in mind that some countries may be subject to sanctions or restrictions. In such cases, DeiFunded wouldn’t be able to accept traders due to compliance regulations.
If you’re unsure about your country’s eligibility, see this list of important countries below before you sign up.
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: Yes, registration is possible
- Ireland: Yes, registration is possible
- Kenya: Yes, registration is possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: Yes, registration is possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: Yes, registration is possible
Evaluation Process
Before granting access to funded accounts, DeiFunded filters proficient traders through a two-part evaluation process.
This structured two-phase evaluation process is designed to assess a trader’s skill and also to ensure traders at DeiFunded can handle the risks involved before trading with real money.
Phase 1 Verification
The first step is the verification phase. Here, you can choose a virtual account balance ranging from $5,000 to $200,000 to trade with. There’s no time limit at this stage, so you can take your time practicing.
They also set some safety measures to limit your potential losses. You can’t lose more than the specified amount in a single day, and your total losses are also capped. This stage requires you to make an 8% profit. Here are the details:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|
| Profit Target | $400 | $800 | $2,000 | $4,000 | $8,000 | $16,000 |
| Maximum Daily Loss | $250 | $500 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Loss | $500 | $1,000 | $2,500 | $5,000 | $10,000 | $20,000 |
| Minimum Trading Days | 4 | 4 | 4 | 4 | 4 | 4 |
| Fee (refundable) | $59 | $129 | $229 | $329 | $469 | $899 |
| Discount | Check now | Check now | Check now | Check now | Check now | Check now |
Phase 2 Evaluation
After successful completion of the verification stage, you can progress to the evaluation phase. Here, you have the same funding amount as before, mirroring the options from the verification phase ($5,000 to $200,000).
Similar to verification phase, there’s no deadline to complete this evaluation. The daily and total loss limits stay the same as well.
However, the target profit amount to achieve funding will vary depending on the specific funding tier you choose. For this phase, the profit target is 5%. See the details below:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|---|
| Profit Target | $250 | $500 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Daily Loss | $250 | $500 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Loss | $500 | $1,000 | $2,500 | $5,000 | $10,000 | $20,000 |
| Minimum Trading Days | 4 | 4 | 4 | 4 | 4 | 4 |
Funded Phase
The funded phase is where the real trading and earnings begin. You’ll use the funds you qualified for and keep a substantial share of the profits generated.
Depending on the account size, it can be 80% to 90%. You can also request payouts after 14 days.
Challenge Trading Rules
Make sure you know these trading rules before you participate in their evaluation program. These rules are in place to promote ethical trading practices.
- Profit Target
- Profit Split
- Trading Period
- Minimum Trading Days
- Maximum Daily Loss
- Maximum Loss
- Maximum Position Size
- Maximum Capital Allocation and Multiple Accounts
- Trading Types
- Leverage
- Trading Style
- Trading Hours
- News Trading
- Weekend and Overnight Trading
- Expert Advisor
- Copy Trading
Profit Target
DeiFunded uses a two-step process to evaluate traders before granting them access to a funded account. Each step has a specific profit target you need to achieve in a simulated trading environment.
In the initial phase, traders need to hit a higher profit target of 8% in a simulated environment. If they pass this challenge, they move to the next phase. In the Evaluation phase, the profit target is lowered to 5%.
Profit Split
This prop firm rewards traders with a generous profit-sharing model. You can keep between 80% – 90% of your trading profits.
Trading Period
There’s no set deadline when it comes maximum trading days. You can take your time to complete the overall challenge. However, to keep your account active and avoid getting shut down, you need to trade at least once every 30 days.
Minimum Trading Days
You need to be actively trading on your account for at least four days during each evaluation phase.
Maximum Daily Loss
The maximum daily loss varies depending on the account size you choose. Here’s a breakdown:
- $5,000 account: $250
- $10,000 account: $500
- $25,000 account: $1,250
- $50,000 account: $2,500
- $100,000 account: $5,000
- $200,000 account: $10,000
Maximum Loss
DeiFunded sets a limit on how much you can lose overall. This maximum loss amount varies based on the account size you choose.
- $5,000 account: $500
- $10,000 account: $1000
- $25,000 account: $2500
- $50,000 account: $5000
- $100,000 account: $10,000
- $200,000 account: $20,000
Maximum Position Size
DeiFunded doesn’t restrict your position. This means traders have the freedom to use their entire account capital for a trade.
Maximum Capital Allocation and Multiple Accounts
DeiFunded lets you have as many accounts as you want during the Challenge and Verification stage. But once you become a DeiFunded Trader, there’s a limit on the total amount of capital you can control across your accounts.
This limit is set at $400,000. Creating multiple accounts to get around the limit is not allowed. If DeiFunded finds that you’re using multiple accounts to trade the same strategy and exceed the limit, they can suspend your accounts.
Trading Types
DeiFunded offers a variety of trading options through the MetaTrader 5 platform. This platform allows traders to buy and sell forex, stocks, commodities, CFDs, cryptocurrency, and stock market indexes.
Leverage
DeiFunded offers a leverage of 1:100.
Trading Style
DeiFunded offers a flexible trading environment. You are allowed to trade using any strategies that align with your risk tolerance and goals.
However, this prop firm prohibits certain trading activities and practices that they consider unfair or exploitative. These include:
- High-Frequency Trading (HFT) and Bot Trading
- Latency Trading
- Hedging or Group Hedging Across Various Accounts
- Any Form of Arbitrage Trading
- Tick Scalping
- Grid Trading
- Account Sharing
- Hyperactivity
- Use of Platform or Data Freezing Due to Demo Server Errors
- Guarantee of Profit with Limit Orders During Low Liquidity Market
Trading Hours
There are no specific trading hours. This is because the hours depend on the specific market you’re trading in (forex, stocks, etc.)
Since DeiFunded offers a variety of asset classes, the hours will vary depending on what you choose to trade.
News Trading
Traders are allowed to trade during news events.
Weekend and Overnight Trading
You can hold existing trades open over the weekend on DeiFunded. This applies to all asset classes, including cryptocurrencies. Overnight trading is also allowed.
Furthermore, there’s no requirement for traders to use a stop-loss for every trade, so risk-management strategies are more flexible.
Expert Advisor
DeiFunded allows Expert Advisors and Indicators for your trading strategies, with no restrictions on your trading tactics.
This means you can use discretionary trading or even EAs with Martingale strategies. However, it’s important to customize your EAs to fit your own trading style and risk tolerance.
Copy Trading
This trading firm allows you to copy trade from your own accounts, but not from others. This means you can replicate your successful strategies across your own accounts.
However, they strictly prohibit any form of copy trading between different people’s accounts, even family or friends.
Their system can automatically flag similar trades and may result in warnings, profit deductions, or even account termination depending on the severity.
Trading Platforms
The only trading platform supported is MetaTrader 5. MT5 is known for its powerful tools. You can analyze markets with advanced features, make informed decisions with real-time data, and even automate your trades.
Trading Instruments
DeiFunded provides a massive selection of over 3,000 trading instruments through their MT5 platform. This gives you tons of flexibility to trade what you’re familiar with, like stocks and currencies, or explore new areas like crypto.
You can also trade CFDs on a variety of assets, including metals, energy, and even agricultural products. Trade with what you are familiar with.
Brokers
DeiFunded is partnered with Kubera Capital Markets to manage trades. Kubera Capital Markets is a fully regulated broker from Malaysia and holds a license from the Labuan Financial Services Authority (LFSA) for money broking activities.
Other Products
There’s no easy way to become a funded trader. This is why DeiFunded does more than just evaluate accounts and fund traders. If you want to maximize your chances of success, check out what else they have to offer.
Blog, News & Guides
To maximize your chances of success, we recommend checking out their resources first. You can find a wealth of free content to jumpstart your trading journey. This includes video courses, informative blog articles, and educational videos suitable for traders of all levels.
Prices and Challenge Fees
To participate in their evaluation program, you’ll need to pay a fee that depends on the size of the trading account you selected. The fee ranges from $59 for a $5,000 account to $899 for a $200,000 account. If you pass their evaluation program, they will refund this fee.
- $5,000 account: $59
- $10,000 account: $129
- $25,000 account: $229
- $50,000 account: $329
- $100,000 account: $469
- $200,000 account: $899
Payment Methods and Payout System
DeiFunded accepts most major payment systems including credit cards and cryptocurrencies. The payout system is also very trader friendly. This firm provides bi-weekly payout options.
You can request your first payout after 14 days. Subsequent payouts can be requested every 14 days thereafter. To initiate a payout, go to the “Withdrawals” section on their platform. There, you’ll find the option to request your funds. After submitting your request, DeiFunded will review it.
They’ll contact you to arrange KYC checks, process the payment, or discuss any potential issues with your request. After the review, payouts are then processed within 3 business days.
Registration and KYC
To register for a DeiFunded evaluation plan, follow the steps below:
- Go to the DeiFunded website.
- On the homepage, you can see all the available options at DeiFunded. Choose the plan that suits your trading goals.
- Once you have selected a plan, locate and click the button labeled “Start Your Evaluation“.
- Clicking the button will redirect you to the checkout page to complete your registration.
- On the checkout page, carefully enter your billing information, including: First Name, Last Name, Email Address, Phone Number, and Billing Address.
- After that, create a secure password for your DeiFunded account.
- Review the DeiFunded terms and conditions. You must agree to these terms before proceeding.
- Select your preferred payment method for the evaluation plan fee.
- Once you’ve reviewed all the information and chosen your payment method, click the “Complete Purchase” button.
Once you’ve passed their evaluation program and request a payout, DeiFunded will carry out the KYC checks. This is a standard procedure required before they can process your withdrawal. Traders must submit documents like government ID and proof of address through their platform.
Discount and Promo Code
When we tried this product, we found that DeiFunded is offering a limited-time promotion to new customers only. You get a second account free of equal value when you buy any evaluation account. On top of that, you’ll also get 50% off your order.
There’s one requirement to qualify for both the discount and the free account: you need to pass phase 1 of their evaluation process.
The good news is that the discount and the free account will be automatically applied at checkout, so you don’t need to enter any codes.
And if you sign up through our affiliate links, you might also be eligible for additional bonuses or discounts. However, we cannot guarantee what these might be as affiliate offers change frequently.
With that said, the 50% discount and free account offered by DeiFunded are a great deal, so be sure to take advantage of them while they last.
Free Trial and Demo Account
DeiFunded offers a free demo account to let you test their platform before buying an evaluation. You can use the provided login credentials to access the platform. Try out the features, instruments, and overall feel of the platform to see if it suits your needs.
- Account Name: 2100161112
- Password: DeiFunded_test1
- Server: Kubera Capital Markets Ltd
Mobile App
DeiFunded doesn’t have its own mobile app, but there’s good news. Their supported trading platform, MetaTrader 5, has its own app for both iPhone and Android devices.
Customer Service and Support
This company offers real-time customer support to assist you with any questions you may have. Their dedicated staff are available 24/7 to answer technical inquiries, offer trading advice, or address general concerns.
Traders at Defended have multiple ways to connect with their support team. You can join their Discord server for instant support and tips from other traders. They also provide email support as well as dedicated account managers to provide personalized one-on-one assistance to their premium clients.
Taxes
DeiFunded doesn’t provide any specific guidance on handling taxes within their platform. They clearly state that the tax responsibility falls on the trader. Learn more in our dedicated guide about “Prop Trading Taxes“.
Depending on your location, you might need to report profits and losses on your tax return or pay capital gains taxes. It’s recommended to consult with a tax advisor to understand your specific tax obligations related to trading.
Alternatives to DeiFunded
Here are some well-regarded prop firms to consider alongside DeiFunded:
The5ers
This prop firm stands out for its unique challenge-based approach. Unlike traditional evaluations with set profit targets, The5ers presents traders with challenges that test their skills and risk management along with profit targets.
If you’re a confident trader looking for a potentially lucrative opportunity, The5ers could be a good fit. However, be prepared for a demanding evaluation process.
Proppers
If you want more flexibility in your prop firm experience, Proppers might be the answer. You can trade stocks, forex, crypto, CFD and more. They also offer a variety of funding packages with different account sizes and risk parameters.
This allows you to choose a program that aligns with your trading style and risk tolerance. On top of that, you can request weekly payouts and keep up to 90% of the profits.
RebelsFunding
RebelsFunding is a good choice for day traders looking to level up their game. They offer access to significant capital, with some accounts reaching up to $640,000.
Compared to some modern prop firms, RebelsFunding offers programs with lower upfront fees, especially for smaller funding tiers. After successful completion of the evaluation phase, they will refund your initial fee.
Conclusion
DeiFunded offers a compelling opportunity for traders, with a high potential return. Their two-phase evaluation process is less demanding than some competitors, and the flexible trading conditions give you more freedom to trade.
Plus, they’re backed by a responsive support team and a thriving community. But the most important question: is DeiFunded legit? Yes, they are. DeiFunded provides a secure and rewarding environment to showcase your trading skills with a transparent structure, strong regulations, and a focus on customer satisfaction.
Ready to take your trading career to the next level? Sign up for DeiFunded today and see if you have what it takes to become a funded trader.
Frequently Asked Questions
We’ve compiled a list of some of your most frequently asked questions about DeiFunded.
Is DeiFunded legit or a scam?
Drawing from our experience, it is safe to say that DeiFunded is legit. Take a look at the “About DeiFunded” section to find out more.
Is DeiFunded regulated?
DeiFunded is a registered company that operates under Australian law. See “Safety and Regulation” for more info.
What is DeiFunded?
DeiFunded is an Australian forex trading proprietary firm that offers funded accounts to traders in exchange for a share of the profits. More info on this in the “About DeiFunded” section.
Which broker does DeiFunded work with?
DeiFunded works with Kubera Capital Markets to manage trades. Check out the “Brokers” section for more info.
How many DeiFunded accounts can I have?
You can have as many accounts as you want during Challenge and Verification at DeiFunded. You can read more about it in the “Challenge Trading Rules” section.
Where is DeiFunded based?
DeiFunded is an Australia-based prop trading firm. See “About DeiFunded” for more details.
Does DeiFunded allow the use of an Expert Advisor or Copy Trading?
Copy trading is allowed only if you are copying your own account. EA is also allowed. We have covered these topics in detail in the “Copy Trading” and “Expert Advisors” sections.
Is DeiFunded legal in the US?
Yes. DeiFunded accepts traders from over 150+ countries, including the US. To learn more about this, see the “Accepted Countries” section.
How long has DeiFunded been around?
DeiFunded, an Australian proprietary trading platform, has been around since 2023. See “About DeiFunded” for more information.
How much does DeiFunded cost?
DeiFunded charges $59 to $899 for its funded accounts, with the cost increasing with the account size. To learn more, click on “Prices and Challenge Fees“.
How often does DeiFunded pay out?
DeiFunded pays out every 14 days after an initial waiting period. Under “Payment Methods and Payout System“, you can find more information.
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