In this deep dive, we’ll check out how DNA Funded aims to hook traders up with larger simulated capital, faster evaluations, and optional boosters. Let’s see if their approach truly delivers.

Pros

Multiple challenge types for different traders.
Low minimum trading days required.
Broker-backed for reliable liquidity.
Tier-one platform with 800+ instruments.
Boosters enhancing profit splits and payouts.

Cons

Relatively new brand with limited history.
Strict drawdown limits can be challenging.
Upfront challenge fees may appear steep.
Weekend holding carries certain restrictions.
Limited data on longer-term performance.

Table of Contents

Is DNA Funded the Right Choice for Your Trading Goals?

DNA Funded presents itself as a broker-backed prop trading firm that aims to provide traders with simulated funded capital of up to $600,000. By removing the barrier of raising significant capital, this company seeks to empower a wide range of traders looking to manage larger account sizes. Those interested in comparing other prop trading firms may find DNA Funded’s offerings worth exploring.

Available Challenge Structures

DNA Funded offers multiple challenge types with varying phases and funding levels. Below is a concise breakdown of key details for each challenge option:

1 Phase, 2 Phase, and Rapid (10 Days) Challenges

Funding Sizes: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000
Minimum Trading Days: 3
Profit Target: 10%
Max Daily Loss: 5%
Max Total Loss: 6%
Trading Leverage: 1:30
Prices: Ranging from $59 to $1209 (depending on the account size)

According to the company, these challenges are designed to match different trading styles and experience levels. Traders are expected to demonstrate risk management and strategy execution within the rules provided.

How DNA Funded’s Challenges Work

Interested participants can purchase a challenge that aligns with their goals and trading style. Once the purchase is complete, the trader attempts to meet the specified profit target within the challenge guidelines. Upon successful completion, a virtual funded account is provided, granting the trader an opportunity to manage capital under DNA Funded’s framework.

Challenge Boosters

For those looking to enhance their evaluation, DNA Funded offers optional boosters:

Profit Split Booster: Increases the profit split from 80% to 90%.
Early Payout Booster: Reduces the payout frequency from 14 days to 7 days.

Comparisons with Other Providers

DNA Funded aims to distinguish itself through the following features:

Broker-backed model with rapid evaluations
Maximum allocation of up to $600k
Three minimum trading days per challenge*
Weekend holding allowed under specific account conditions**
One-step challenge options for certain account sizes

*Depending on the challenge type. **Participants are advised to check specific guidelines regarding weekend holding.

Trading Platform and Conditions

The company promotes using TradeLocker, a popular platform believed to offer tier-one trading conditions. DNA Funded states that traders can access over 800 CFD instruments in forex, commodities, indices, shares, and crypto, provided by reputable liquidity sources. Fast order execution and low latency are also highlighted as part of the firm’s infrastructure.

Live Conditions Preview

The firm offers a “Live Conditions” section where prospective traders can log in and experience real-time data, further emphasizing the broker-backed approach. Specific login credentials are listed on the official DNA Funded website for those who wish to review trading conditions.

Key Features

Interactive Dashboard for account management
Low-latency servers designed for fast execution
Round-the-clock Support for challenge-related queries

By combining these features, DNA Funded intends to create a user-friendly environment for traders seeking funded accounts. However, prospective users should thoroughly review all terms and conditions before committing to any challenge.

Final Thoughts

DNA Funded positions itself as a potential solution for traders aiming to access larger simulated capital. From a third-party viewpoint, the firm’s various challenge options, boosters, and trading platform could appeal to traders who want flexibility and faster evaluation processes. Ultimately, success will depend on each trader’s skill, risk management, and adaptation to the firm’s guidelines. If you’re exploring more forex funded programmes, it may be beneficial to compare DNA Funded’s offerings to other similar providers and determine whether its approach aligns with your trading objectives.