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DeiFunded Review 2024

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DeiFunded Review 2024
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:DeiFunded
Founded:2023
Headquarter:Australia
Min Price:$59
Max Fund:$400,000
Challenges:1
About
DeiFunded is an ASIC-regulated proprietary trading firm providing up to $400,000 in trading funds with a maximum leverage of 1:100 and up to 90% profit split. The prop firm’s BOGO program offers an extra free account similar to the initial purchased one. First profit target, maximum daily loss, and total drawdown are 8%, 5%, and 10%.
Contact
L 45 680 George St, Sydney NSW 2000, Australia
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
Opportunity to increase account size
Unlimited time for evaluation
High profit split (up to 90%)
Refunds on challenge fees
Cons
Lack of online chat support
Low trust score
Relatively new firm with less established track record
Only one evaluation program (2-Step)

DeiFunded provides trading capital through its 2-step challenge accounts, ranging from $5,000 to $200,000, for a refundable fee starting from $59. The prop firm provides access to Forex and Metals markets via the MetaTrader 5 platform.

DeiFunded (An Introduction to the Company)

DeiFunded
A prop trading firm featured on Market Watch, Yahoo Finance, and many more news outlets

DeiFunded is a business name registered with the Australian Securities and Investments Commission (ASIC) on 24 October 2023 under the mother company FINEXMARKETS PTY LIMITED.

The company is led by the CEO Shane Healy and is located at “L 45 680 George St, Sydney NSW 2000, Australia” with the registry number “ABN 18666253229”. Key features of Dei Funded:

  • Funding programs for traders of all experience levels;
  • A two-phase evaluation process to identify skilled traders;
  • Access to substantial capital, ranging from $5,000 to $200,000;
  • 80% - 90% profit split;
  • A comprehensive scaling plan for $100K+ accounts up to $400,000.

DeiFunded Prop Firm Specifications

Dei Funded offers a robust prop trading program with several distinctive features, including 20% - 30% scaling plans, an affiliate program, and various markets to trade.

Account currency

USD

Minimum price

$59

Maximum leverage

1:100

Maximum profit split

Up to 90%

Instruments

Forex, Metals, Commodities

Assets

N/A

Evaluation steps

Verification (Phase 1), Evaluation (Phase 2)

Withdrawal methods

Credit/Debit Cards, Crypto

Maximum fund size

$400,000

First profit target

8%

Max. daily loss

5%

Challenge time limit

Unlimited

News trading

Yes

Maximum total drawdown

10%

Trading platforms

MT5

Commission

N/A

TrustPilot score

2.1

Payout frequency

Bi-Weekly

Established country

Australia

DeiFunded Upsides & Downsides

When considering Dei Funded as a prop trading option, it's essential to weigh both the advantages and potential drawbacks.

Pros

Cons

High profit split (up to 90%)

Lack of online chat support

Unlimited time for evaluation

Only one evaluation program (2-Step)

Refunds on challenge fees

Relatively new firm with less established track record

Opportunity to increase account size

Low trust score

DeiFunded Prop Firm Funding Plans and Prices

DeiFunded Prop Firm Challenge Price
The firm offers its challenge accounts with a 15% discount and refunds

Dei Funded offers a range of funded accounts at different prices to accommodate traders at various budget levels and capital requirements.

Account Size

Price

$5K

$59

$10K

$129

$25K

$229

$50K

$329

$100K

$469

$200K

$899

DeiFunded Account Opening and KYC Verification

At the time of writing this article, the website’s billing page became unresponsive. However, the Dei Funded sign up is a simple process followed by a straightforward KYC verification upon requesting the first payout.

  1. Visit the firm’s website at “https://deifunded.com/;”
  2. Click “Get Funded” and choose your preferred account size;
  3. Fill out the billing form using personal details like full name, phone number, and address;
  4. Pay for the challenge account;
  5. Provide proof of identity (Passport or driving license) and proof of residence (Utility bill or bank statement.)

DeiFunded Prop Firm Challenge Accounts (Rules and Conditions)

Challenge rules are the most important subjects in all DeiFunded reviews. The firm 2-step evaluation accounts come with specific rules and conditions designed to identify disciplined and profitable traders.

Conditions

Verification (Phase 1)

Evaluation (Phase 2)

Funded

Time Limit

Unlimited

Unlimited

Unlimited

Min Trading Days

4

4

-

Max Daily Loss

5%

5%

5%

Max Drawdown

10%

10%

10%

Profit Target

8%

5%

-

Profit Split

-

-

80% - 90%

Leverage

1:100

1:100

1:100

Does DeiFunded Offer Promotions and Discount Codes?

Dei Funded occasionally offers promotions and discount codes to attract new traders and reward existing ones. Here’s a list of current promotions on DeiFunded:

  • BOGO: Purchase any evaluation plan and receive a similar one for free;
  • Seasonal Discounts: A 15% discount is applied to all funded accounts;
  • Affiliate: A tiered structure to reward traders with up to 20% commission for introducing new clients.
DeiFunded BOGO Promotion
You’ll receive the free account upon successfully passing phase 1 of the evaluation

DeiFunded Trading Assets

While the firm doesn’t specifically mention its markets, due to the partnership with Kubera Capital Markets, we can assume that it offers almost every instrument available on the broker, including:

  • Forex: Major, minor, and exotic currency pairs;
  • Metals: Precious metals like silver and gold;
  • Commodities: Energies and agricultural products.

DeiFunded Payment and Payout Methods

Exploring payment options should be included in all DeiFunded reviews. The firm’s offerings revolve around two main options, including:

  • Credit/Debit Cards;
  • Crypto.

DeiFunded Trading Costs

The firm doesn’t disclose its trading costs, including commissions and spreads, on its website. However, it offers to check the instruments and spreads via an MT5 demo account with the following credentials.

  • Broker Name: Kubera Capital Markets;
  • Account Name: 2100161112;
  • Password: DeiFunded_test1;
  • Server: Kubera Capital Markets Ltd.

DeiFunded Trust Scores

User satisfaction is one of the first topics you should check when exploring DeiFunded reviews. Due to its lack of experience, the firm has only a profile on TrustPilot.

However, the TrustPilot users have rated Dei Funded as a poor prop firm, giving it a score of 2.1 out of 5.0.

DeiFunded Reviews on TrustPilot
There are 429 reviews on the firm’s profile, with 66% of them being 1-star

How to Reach DeiFunded Prop Firm Support?

The firm also lacks proper customer support. Its main offerings are email and a ticket system with a response time of up to 24 hours. DeiFunded support channels:

Email

support@deifunded.com

Ticket

Available on the “Contact Us” page

Discord

Join the Community

DeiFunded on Social Media Platforms

While the firm has pages on various platforms, its activity has almost completely stopped since around March 2024. Here’s a list of Dei Funded social links.

  • Facebook: https://www.facebook.com/DeiFunded/
  • Instagram: https://www.instagram.com/deifunded
  • Twitter: http://x.com/deifunded

Expert Suggestions

DeiFunded provides funded accounts with a maximum initial capital of $200K for a price of up to $899. The challenge accounts have no time limit and offer a bi-weekly payout frequency.

Despite the DeiFunded prop firm’s strong regulatory status (ASIC) and various promotion programs (e.g., BOGO, and up to 20% commissions for affiliates,) the lack of proper support (no live chat feature), and reported withdrawal issues have caused numerous negative DeiFunded reviews on TrustPilot and a poor score of 2.1.

FAQs

What is the minimum account size?

The minimum account size starts at $5,000.

How long does the evaluation process take?

There are no maximum time limits, and traders can become funded in a duration as low as 8 days.

What is the maximum profit split for funded traders?

Successful traders can earn up to 90% of their profits.

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