Established in 2023, Mega Funded is a promising new prop trading firm that has gained attention for its innovative offerings and trader-friendly policies. Despite being a newcomer, it has quickly made a name for itself.
Registered in Australia, Mega Funded is focused on providing traders with powerful tools and opportunities to succeed in the financial markets.
This review examines various facets of Mega Funded, including its trading platforms, account sizes, support options, and unique features.
Join Mega Funded now and embark on your trading journey.
Mega Funded Prop Firm Coupon Code
Currently, Mega Funded does not have any coupon codes or promotional offers available.
About Mega Funded Prop Firm: Key Information
Company Name
The official name is Mega Funded.
Address
Mega Funded is located at Songino Khairkhan District 15th khoroo 13120, Ulaanbaatar City, Mongolia.
Year Established
The firm was founded in 2023.
Location of Registration
Mega Funded is registered in Australia.
Ownership Details
Ownership information for Mega Funded is not disclosed or accessible at this time.
Trading Platforms at Mega Funded
Mega Funded offers two primary trading platforms: MT4 (MetaTrader 4) and DxTrade. MT4 is widely used for its intuitive interface and extensive charting tools, making it a favorite among forex traders. DxTrade delivers a robust, customizable trading environment suitable for traders seeking advanced functionalities and flexibility.
Trading Instruments at Mega Funded
Traders at Mega Funded can access a variety of instruments, including:
- Forex: Major, minor, and exotic currency pairs.
- Indices: Leading global indices.
- Metals: Precious metals like gold and silver.
- Crypto: Popular cryptocurrencies.
This variety ensures traders can diversify their portfolios and take advantage of different market conditions.
Payment Options at Mega Funded
Mega Funded supports several payment methods to facilitate global trading. Currently, traders can use:
- Credit Cards: Major credit cards for secure, convenient transactions.
- Cryptocurrency: Secure, quick payments via popular cryptocurrencies.
These methods provide ease and flexibility in funding trading accounts.
Account Sizes at Mega Funded
Mega Funded offers a selection of account sizes to suit various trading levels and financial commitments. The available sizes are:
- $5,000
- $15,000
- $25,000
- $50,000
- $100,000
- $200,000
This range allows traders to select an account size that fits their trading strategy and risk tolerance.
Profit Splits at Mega Funded
Mega Funded provides attractive profit splits based on the challenge type:
- 1-Step Challenges: Traders get an 80% profit split.
- 2-Step Challenges: Traders receive a 90% profit split.
These profit splits are structured to generously reward successful traders.
Profit Targets for Mega Funded Challenges
Profit targets at Mega Funded vary by challenge type:
- 1-Step Challenges: A 10% profit target is required.
- 2-Step Challenges: 10% profit target in Phase 1 and 5% profit target in Phase 2.
These targets ensure traders demonstrate consistent profitability.
Risk Management at Mega Funded
Mega Funded has set daily drawdown and total loss limits to manage risk:
- 1-Step Challenges:
- Max daily loss: 4%
- Max total loss: 8%
- 2-Step Challenges:
- Max daily loss: 5%
- Max total loss: 10%
These limits are in place to protect traders from substantial losses and encourage disciplined trading.
Trading Days Requirements at Mega Funded
Mega Funded offers flexible trading days for its evaluation and funded accounts:
- Evaluation Accounts: Unlimited trading days, with a minimum of 5 trading days.
- Funded Accounts: Unlimited trading days with no minimum requirement.
This flexibility allows traders to meet the challenge criteria at their own pace.
Challenge Steps at Mega Funded
Mega Funded offers two challenge formats:
- 1-Step Challenges: A single set of criteria for funding.
- 2-Step Challenges: Two phases with specific profit targets and risk management rules.
These formats accommodate different trading styles and preferences, allowing traders to choose the best fit for their strategy.
Pricing for Mega Funded Challenges
The pricing for challenges at Mega Funded is determined by the account size and challenge type:
- 1-Step Challenges:
- 15k: $100
- 25k: $125
- 50k: $250
- 100k: $450
- 200k: $900
- 2-Step Challenges:
- 5k: $50
- 15k: $100
- 25k: $150
- 50k: $280
- 100k: $475
- 200k: $820
This flexible pricing allows traders to choose a challenge that fits their budget and trading targets.
Commissions and Trading Fees
Mega Funded charges a commission of $7 per lot traded. This rate is designed to be competitive, helping traders manage their trading expenses efficiently.
Refund Policy at Mega Funded
Details regarding refundable fees were not available on the Mega Funded website or accessible at the time of writing.
Trial Offers from Mega Funded
Mega Funded does not provide any free trial programs. Traders interested in participating must start with the paid challenges detailed in the pricing section.
Payout Schedules
Mega Funded offers bi-weekly payouts to its traders. This schedule ensures that traders can access their earnings promptly and make necessary financial adjustments or reinvestments.
Trustpilot Community Feedback
- Easy Setup: Quick and hassle-free process to start trading.
- Top Broker: Utilizes Eightcap, known for great spreads and commissions.
- Attractive Profit Splits: Up to 90% for 2-step challenges.
- Quick Payouts: Bi-weekly payouts ensure timely receipt of earnings.
- Wide Range of Instruments: Trade in Forex, Indices, Metals, and Cryptocurrencies.
- Flexible Trading Days: No limits on trading days for evaluation and funded accounts.
- Highly Rated: Users praise the platform for its professionalism and usability.
- No Ownership Details: Lack of information on company owners.
- Refund Policy Not Clear: Unclear if any fees are refundable.
- No Free Trial: Requires initial financial investment.
- Commission Costs: $7 per lot may be considered high for frequent traders.
- Support Information Lacking: Details on customer support effectiveness are limited.
FAQ Section
Mega Funded partners with Eightcap to offer industry-leading spreads and commissions. For detailed information, visit Eightcap’s trading conditions.
Copy trading between personal accounts is allowed, but from third-party IP addresses, it is prohibited.
Yes, weekend and overnight trades are permitted.
Mega Funded’s 1-phase and 2-phase evaluation programs have no monthly fees.
The Scale-Up plan allows traders to expand their trading activity and potentially receive up to $2 million by increasing 20% of the initial balance per month. Requirements include:
Receiving four consecutive payouts.
Ending the last trading cycle in profit.
Get started with Mega Funded today!
