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Sieg Fund Review 2024

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Sieg Fund Review 2024
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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:Sieg Fund
Founded:2016
Headquarter:Hong Kong
Min Price:$65
Max Fund:$400,000
Challenges:2
About
Sieg Fund, a Hong Kong-based prop firm since 2016, offers diverse trading instruments, copy trading, and flexible evaluation programs. With bi-weekly payouts, up to 80% profit splits, and zero commissions, it appeals to traders despite strict evaluation rules and time limits.
Contact
Units 1902-5, 19/F, Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai, Hong Kong SAR
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
Copy Trading Features
+220 Trading Symbols
Flexible Leverage Up To 1:100
Payout Processing in 3 Hours
Cons
Time Limits on Trading
Strict Evaluation Rules and Phases

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.

Sieg Fund
A complete introduction to Sieg Fund and its different aspects and services

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.

Sieg Fund Registration and Verification Guide

Getting started with this prop firm is a simple process and can be completed in less than 3 minutes. Follow the steps below to sign up:

Sieg Fund
Click the button as shown in the screenshot on the Sieg Fund website's home page

Alt: Sieg Fund "Sign Up" button

Caption: Click the button as shown in the screenshot on the Sieg Fund website's home page

  • Visit the official SiegFund website and click "Sign Up";
  • Create a username and fill in the form with your personal information, including name, country, and email address;
  • Create a password and declare your agreement with the Terms and Conditions.

Now that you have completed signing up with the prop firm, you can log in with your account. For AML/KYC verification, first, complete your profile with additional information, then submit the required documents.

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.
Sieg Fund symbols
Sieg Fund currencies and other trading symbols

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.

Sieg Fund on Trustpilot
Sieg Fund has received a low number of reviews on Trustpilot

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.

FAQs

Can I use Expert Advisors (EAs) with Sieg Fund?

Yes, the firm allows the use of EAs and other automated trading strategies.

How often can I withdraw profits?

Sieg Fund permits withdrawals every 14 days for funded accounts.

Is Sieg Fund suitable for beginner traders?

We do not suggest this prop firm to beginners, because of its strict rules.

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