Mega Funded, a prop trading firm launched in 2023, has quickly captured the attention of the trading community with its innovative features and trader-focused policies. Despite being new, it has carved out a niche in the market.
Operating out of Australia, Mega Funded is committed to offering traders robust tools and opportunities to maximize their potential in financial markets.
This review will explore various aspects of Mega Funded, from its trading platforms and account sizes to its support services and unique features.
Join Mega Funded today and kickstart your trading journey.
Coupon Code for Mega Funded Prop Firm
As of now, there are no available coupon codes or promotional offers from Mega Funded.
Overview of Mega Funded Prop Firm
Company Name
The official name is Mega Funded.
Address Information
Mega Funded is located at Songino Khairkhan District 15th khoroo 13120, Ulaanbaatar City, Mongolia.
Year of Establishment
The firm was founded in 2023.
Location of Registration
Mega Funded is registered in Australia.
Ownership Information
Ownership details for Mega Funded are not available on their website or accessible at this time.
Mega Funded Trading Platforms
Mega Funded offers two main trading platforms: MT4 (MetaTrader 4) and DxTrade. MT4 is well-regarded for its user-friendly interface and comprehensive charting tools, making it a favorite among forex traders. DxTrade provides a customizable, robust trading environment, perfect for traders who seek advanced features and greater flexibility.
Instruments at Mega Funded
Traders at Mega Funded can trade a diverse array of instruments, including:
- Forex: Major, minor, and exotic currency pairs.
- Indices: Key global indices.
- Metals: Precious metals such as gold and silver.
- Crypto: Leading cryptocurrencies.
This selection enables traders to diversify their portfolios and capitalize on different market opportunities.
Payment Methods at Mega Funded
Mega Funded supports a range of payment methods to cater to its international clientele. Payments can be made via:
- Credit Cards: Major credit cards for secure transactions.
- Cryptocurrency: Popular cryptocurrencies for quick, secure payments.
These options provide the flexibility and ease needed for traders to fund their accounts.
Account Sizes at Mega Funded
Mega Funded offers a variety of account sizes to meet different trading needs and financial capabilities. Available sizes include:
- $5,000
- $15,000
- $25,000
- $50,000
- $100,000
- $200,000
This selection allows traders to choose an account size that aligns with their strategy and risk preferences.
Profit Splits at Mega Funded
Mega Funded provides traders with attractive profit splits depending on the challenge type:
- 1-Step Challenges: 80% profit split.
- 2-Step Challenges: 90% profit split.
These profit splits are designed to generously reward traders for their successful trading activities.
Profit Targets
The profit targets at Mega Funded differ based on the challenge:
- 1-Step Challenges: 10% profit target.
- 2-Step Challenges: 10% profit target in Phase 1, 5% profit target in Phase 2.
These targets ensure traders exhibit consistent and profitable trading strategies.
Risk Management Limits
Mega Funded has established specific 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 protect traders from excessive losses and encourage disciplined trading practices.
Trading Days Requirements
Mega Funded offers flexibility in trading days for 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 approach allows traders to meet challenge requirements without the pressure of a strict timeframe.
Challenge Steps
Mega Funded provides two challenge types:
- 1-Step Challenges: Single set of criteria to qualify for funding.
- 2-Step Challenges: Two phases with specific profit targets and risk management rules.
These structured challenges cater to different trading styles and preferences, giving traders options to choose based on their strategy.
Mega Funded Challenge Pricing
Mega Funded’s challenge costs depend on the account size and 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 pricing flexibility allows traders to choose challenges that align with their financial plans and trading goals.
Commission Structure at Mega Funded
Mega Funded charges a $7 commission per lot traded. This competitive rate helps traders manage their trading costs effectively.
Refund Policy Details
Information about refundable fees is not provided on the Mega Funded website or was not accessible at the time of writing.
Trial Program Availability
Mega Funded does not offer free trial programs. Traders must start with the paid challenges specified in the pricing section.
Payout Schedule at Mega Funded
Mega Funded provides bi-weekly payouts to its traders. This schedule ensures that traders can regularly access their earnings, allowing for timely reinvestments or withdrawals.
Pros & Cons
- Easy Setup: Quick and simple process to start trading.
- Premium Broker: Uses Eightcap, known for excellent spreads and commissions.
- High Profit Splits: Up to 90% for 2-step challenges.
- Timely Payouts: Bi-weekly payouts ensure traders receive earnings promptly.
- Diverse Instruments: Trade Forex, Indices, Metals, and Cryptocurrencies.
- Flexible Trading Days: Unlimited trading days for evaluation and funded accounts.
- Positive User Reviews: Praised for its professionalism and ease of use.
- No Ownership Information: Lack of details on company owners.
- Unclear Refund Policy: Information on refundable fees is not provided.
- No Free Trials: Requires an upfront financial commitment.
- High Commission Fees: $7 per lot may be expensive for frequent traders.
- Limited Customer Support Info: Effectiveness of customer support is not well documented.
Mega Funded FAQ Section
Mega Funded partners with Eightcap as their broker, offering leading spreads and commissions. For more detailed information, visit Eightcap’s trading conditions
Copy trading or the use of trade copier software is allowed between personal accounts, but copy trading from third-party IP addresses is strictly prohibited.
Yes, trading over the weekend and holding trades overnight is permitted.
Mega Funded’s 1-phase and 2-phase evaluation programs come with no monthly fees.
The Scale-Up plan allows traders to potentially receive a capital allocation of up to $2 million by increasing 20% of the initial balance per month. To be eligible for scaling up, traders must:
Receive at least four consecutive payouts.
End the last trading cycle in profit.
Get started with Mega Funded today!
