Sieg Fund is a Hongkonger prop firm operating since 2016. Over 220 trading instruments, copy trading service, and customizable evaluation programs are some of the benefits offered with the firm.
Are you interested in learning more about SiegFund's services and details? We will investigate everything such as pricing, funding, and bonuses in this Sieg Fund review.
Company Overview and Specifics
Sieg Fund emerged on the prop trading scene in 2016, establishing its headquarters in Hong Kong. Company Key Points:
- Legal Name: Sieg Corporation Limited;
- Registered Address: Units 1902-5, 19/F, Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai, Hong Kong SAR;
- Company Number:
Key Specifications and Details
In this section, we are going to have a look at the prop firm's important specifics and details in a table:
Account Currency | USD |
Minimum Price | $65 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 80% |
Instruments | Forex, Indices, Energy Resources, US Stocks, Metals |
Assets | +220 |
Evaluation Steps | 1-Step, 2-Step |
Withdrawal Methods | Bank Transfers, PayPal, USDT Wallet |
Maximum Fund Size | $400K |
First Profit Target | 8% on 1-Step Programs 10% on 2-Step Accounts |
Max. Daily Loss | Up to 5% |
Challenge Time Limit | 180 Days for Each Phase |
News Trading | Allowed |
Maximum Total Drawdown | Up to 10% |
Trading Platforms | MetaTrader 4, MetaTrader 5, KCM WebTrader |
Commission Per Round Lot | Zero |
Trustpilot Score | 4.1/5 |
Payout Frequency | Bi-weekly |
Established Country | Hong Kong |
Established Year | 2016 |
Pros and Cons of Trading with Sieg Fund
Let's delve into the overall advantages and disadvantages of SiegFund's services at a glance:
Pros | Cons |
Flexible Leverage Up To 1:100 | Strict Evaluation Rules and Phases |
+220 Trading Symbols | Time Limits on Trading |
Payout Processing in 3 Hours | - |
Copy Trading Features | - |
While Sieg Fund offers numerous benefits, traders should carefully consider the stringent rules and potential drawbacks before committing to the platform.
How is The Funding and Prices Structure?
SiegFund caters to traders with varying capital needs and risk appetites. Here's a breakdown of their funding options:
Funding | One-Step Challenge Price | Two-Step Challenge Price |
$5,000 | $85 | $65 |
$10,000 | $155 | $145 |
$20,000 | $315 | $285 |
$50,000 | $475 | $375 |
$100,000 | $755 | $590 |
$200,000 | $1,500 | $1,150 |
$400,000 | $3,000 | $2,350 |
This wide range allows traders to choose an account size that aligns with their experience and trading goals.
Evaluation Programs and Rules
Sieg Fund offers two distinct evaluation models with different sets of rules. You can choose one based on your skill level and preference:
- 1-Step;
- 2-Step.
We will explain each one in detail in the next sections.
1-Step Challenge
The 1-Step Challenge is designed for traders who are confident in their ability to generate consistent profits within a shorter timeframe and want a quicker path to funding:
Profit Target | 8% |
Max. Daily Loss | 3% |
Max. Total Drawdown | 6% (Trailing) |
Profit Split | 80% |
Leverage | 1:30 |
Min. Trading Days | 4 |
Challenge Time Limit | 180 Days |
2-Phase Evaluation
The 2-Step Challenge offers a more gradual approach, allowing traders to demonstrate their skills over a longer period:
Profit Target | 10%-5% |
Max. Daily Loss | 5% |
Max. Total Drawdown | 10% (Static) |
Profit Split | 80% |
Leverage | 1:100 |
Min. Trading Days | 5-3 |
Challenge Time Limit | 180 Days (per Stage) |
Available Bonuses and Promo Codes
As of our latest investigations, Sieg Fund does not offer any specific bonuses or promotions. However, currently, there is an active promo code for getting a 15% discount on $5K to $100K accounts: [NOV15].
Also, there are discount codes occasionally appearing on third-party websites. Check them frequently to get one.
Which Instruments Can I Trade on Sieg Fund?
The prop firm offers a good range of tradable instruments with a relatively high number of assets. Trading Markets on SiegFund:
- Forex: Major and minor currency pairs;
- Energy: Crude oil;
- Metals: Gold and Silver;
- Indices: AUS200, US100, FA40, CN50, and so on;
- US Stocks: Top American equities such as NVDA, NFLX, AAPL, TSLA, and more.
Deposit and Withdrawal Methods
The firm's website does not provide exact information about this topic, but the support team told us Sieg Fund support these withdrawal methods:
- Bank transfers;
- PayPal;
- USDT wallet.
For challenge fees, you have these options for payment:
- USDT;
- Credit/debit card;
- Bank transfers.
Spreads and Fees; Does SiegFund Charge Trading Commissions?
The firm prides itself on transparency regarding fees and commissions:
- No hidden fees or commissions on trades, regardless of the chosen account;
- Initial challenge costs are one-time payments;
- No activation charges.
Trust Scores; Is Sieg Fund Reliable for My Funds?
The prop firm has garnered an overall of positive reviews on Trustpilot, boasting a respectable 4.1/5 rating. However, the number of reviews is not high enough to be taken into account; There have been only 6 reviews submitted for the firm.
However, these statistics are for the time of writing this article, and might change in the future.
Customer Services and Support Options
Support department should be a priority in choosing a financial company. Sieg Fund offers multiple channels for customer services:
- Ticket System: Accessible through the website;
- Email: cs@siegfunds.com;
- Live Chat: Via the website or the Telegram account [@siegfund].
The firm does not specify a schedule for the support team's services, which is a drawback. Also, during our conversation via the live chat, they took too long to respond, and we weren't happy with the service.
Sieg Fund Social Media Accounts
The firm has established several pages and channels on various popular social networks. Here are the links to each of them:
Engaging with SiegFund's social media channels can keep you updated on the latest developments and promotional offers.
Expert Suggestions
Sieg Fund is a prop firm with decent features and advantages, including Up to $400,000 funding, zero-commission trading, and more than 220 tradable symbols. The starting fee for challenges is $65, which is acceptable for most traders.
However, the prop firm does not go easy on evaluation rules, especially with its maximum daily loss of 3% on its 1-step challenges. Also, it has time limits on its evaluation phases.
