Started in February 2023, Direct Funded Trader is a proprietary trading firm based in Dubai, United Arab Emirates. This prop firm belongs to Arthur Kaziu. The profit split goes from 80% to 90%.
Trading Platforms at Direct Funded Trader
Trading platforms you can use are MT4 and MT5.
MT4, also known as MetaTrader 4, is recognized in the trading world for its user-friendly interface, extensive features, and compatibility with various devices.
MT5 or MetaTrader 5, takes everything great about MT4 and enhances it. You’ll get access to more types of orders and better analysis tools.
Range of Instruments by Direct Funded Trader
- Cryptocurrencies: Ethereum (ETH) and Bitcoin (BTC). These digital currencies offer a unique way to conduct transactions over the internet.
- Energies: This involves buying, selling or trading various forms of energy like oil, gas, and others.
- Forex: It’s a dynamic marketplace where trillions of dollars are traded daily across different currencies.
- Indices: They represent a segment of a stock exchange.
- Metals: This market allows you to participate in the trading of valuable elements like gold, silver, platinum, and others.
Payment Methods at Direct Funded Trader
In addition to Crypto, Direct Funded Trader also accepts Credit and Debit cards for transactions. This provides you an opportunity to trade seamlessly by using modern and the conventional, yet highly used payment systems
Available Account Sizes at Direct Funded Trader
The Evaluation Challenge has 5 different account sizes. These range from $15k, all the way to $200k. This flexibility allows it to serve traders with different financial capabilities and goals.
The Fast Funding Standard and Fast Funding Aggressive challenges provide 4 account sizes, starting from $15k and going up to $100k. These challenges have competitive options that are designed to boost your financial growth.
Profit Split Structure at Direct Funded Trader
At the start of the challenge, the profit split is 80%.As you progress, the conditions start to get more favorable. After 5 successful payouts, your profit split comes to 90%.
This substantial increase is a reflection of not only success, but also a reward for your consistency, profitability and dedication. If you don’t keep up. the profit split reverts back to the initial rate of 80%. The company uses this mechanism to ensure fairness and motivation for continued trading success.
Targeting Profits with Direct Funded Trader
The two-step Evaluation challenge has a 8% profit goal in the first stage. The second stage requires a 5% profit. The Fast Funding Standard Challenge and Fast Funding Aggressive have a 10% profit goal.
Daily Loss and Drawdown Rules at Direct Funded Trader
Maximum Daily Loss:
- Evaluation Challenge – 5% Loss
- Fast Funding Standard – 4% Loss
- Fast Funding Aggressive – 4% Loss
Maximum Overall Loss:
- Evaluation Challenge – 10% Loss
- Fast Funding Standard – 7% Loss
- Fast Funding Aggressive – 7% Loss
Minimum and Maximum Days for Trading at Direct Funded Trader
All challenges have an unlimited maximum trading days period, and a minimum of 5 trading days.
Direct Funded Trader Challenges
Direct Funded Trader offers three types of challenges. The evaluation challenge consists of two steps. The Fast Funding Standard and Fast Funding Aggressive Challenges contain one step. All challenges have a 1:100 leverage.
Pricing for Challenges
Evaluation Challenge
| Account Size | Price |
|---|---|
| $15k | $100 |
| $25k | $199 |
| $50k | $299 |
| $100k | $479 |
| $200k | $979 |
Fast Funding Standard
| Account Size | Price |
|---|---|
| $15k | $150 |
| $25k | $280 |
| $50k | $359 |
| $100k | $590 |
| Account Size | Price |
|---|---|
| $15k | $190 |
| $25k | $320 |
| $50k | $390 |
| $100k | $620 |
Fees and Commission Structure
The commission is $5 per lot. This fee and approach ensure that all traders have the same affordable rate across all currency pairings.
Refund Conditions at Direct Funded Trader
The fees are refundable with the first payout. If you reset in the middle, you’ll only get refunded the most recent fees you paid to get your account.
Free Trials at Direct Funded Trader
There are no free trials at Direct Funded Trader, but there is a free retry. This means you can retake your challenge free of charge.
How Often Does Direct Funded Trader Prop Firm Pay Traders?
First payout can be requested after a month, and all next bi-weekly.
The Good and Bad of Direct Funded Trader
- Free Retry
- Bi-weekly payouts
- Five Account Sizes
- Three types of challenges available
- No free trials
- There are restricted countries
Direct Funded Trader FAQ
You can hold trades over the weekend on Evaluation Accounts, Fast Funding Standard accounts, and funded accounts. Weekend trading is also allowed for Crypto instruments (check crypto trading hours). Be aware of the risks with market gaps for Forex pairs, Indices, and Commodities, which don’t stay open during weekend trading hours.
An Evaluation account is a two-phase trading evaluation. Traders select a capital amount and meet trading objectives in Phase I and Phase II. The Fast Funding account is similar but has only a one-phase challenge.
Restricted countries are:
United Arab Emirates (UAE)
Pakistan
Vietnam
Iran
USA
Myanmar
The leverage is 1:100 on FX Instruments.
Yes, you can.
