Sieg Fund stands out in the prop trading industry by providing live trading accounts with real capital, rather than demo accounts, to its traders. Whether you are a beginner or an experienced trader, Sieg Fund’s variety of challenge models and supportive trading environment offer a unique opportunity to grow and succeed. This review dives into Sieg Fund’s offerings, including their rules, payout processes, and trading conditions, to help you decide if they are the right prop firm for you.

Is Sieg Fund a Good Choice for Prop Traders?

Sieg Fund, founded in Australia in 2016, started with a small team of day traders focused on long-term trading careers. They offer a range of funded trading programs with a focus on diverse market sectors. The company operates out of offices in both Hong Kong and Melbourne, offering access to various licensed brokers and live trading accounts for traders who pass their evaluation challenges.

Brokerage Partnerships

Sieg Fund collaborates with over 10 licensed big-cap brokers to provide access to various market sectors. This setup ensures that traders can connect easily to different market conditions through established brokerage channels.

EA and High-Frequency Trading (HFT) Allowed

Sieg Fund supports a wide range of trading strategies, including news trading, overnight holding, Expert Advisors (EA), and copy trading. This flexibility allows traders to use familiar tools and techniques to reach their trading targets.

Live Trading Accounts

Unlike many prop firms that offer only demo accounts, Sieg Fund provides traders with live trading accounts using real capital once they pass the evaluation. Traders can choose between MT platforms or WebTrader for real-time market access.

Risk Management with 10% Drawdown

Sieg Fund implements a systematic risk management approach that includes a 10% drawdown limit. This policy is designed to manage potential losses effectively by analyzing trading behavior across a substantial volume of orders.

No Hidden Fees

Sieg Fund charges a one-time participant fee with no hidden costs. Optional services, such as removing stop-loss limitations or adjusting profit splits, are available without recurring charges. There are no monthly subscription fees, and commission-free trading is offered on trades.

Consistent Performance Requirements

Traders are expected to achieve consistent performance, fulfilling minimum trading days and achieving daily profit targets over a set number of days, depending on the challenge model. This requirement emphasizes skill over luck in passing the evaluation.

Customer Support

Sieg Fund provides prompt support with an experienced customer service team available for technical or trading queries. A live chat option and an extensive FAQ section are available for immediate assistance.

Instant Refund

Upon passing the evaluation, Sieg Fund offers an instant refund of the assessment fee within 24 hours, provided there are no violations of their trading principles.

Background and Location

Sieg Fund operates from Dah Sing Financial Center in Hong Kong, with a representative office in Melbourne, Australia. The company has expanded since its inception in 2016, adapting its approach to include professional and funding support to stabilize a range of trading strategies, particularly in response to market conditions since the onset of the pandemic in 2020.

Licensed Brokers

Sieg Fund has partnered with additional licensed brokers that support popular platforms like MT and WebTrader. These brokers offer a variety of trading instruments, including forex, indices, commodities, and U.S. shares.

Express Payouts

Traders at Sieg Fund can request profit payouts every 14 days after passing the evaluation challenge. The firm also promises instant refunds for the first order.

Planned Expansions

Sieg Fund has plans to further expand its operations, including obtaining a Private Equity (PE) license to enhance the resources available to its traders.

What Challenge Programs Does Sieg Fund Offer?

Sieg Fund offers a variety of challenge programs designed to cater to traders with different levels of experience. These programs allow participants to demonstrate their trading skills with set objectives, risk management rules, and trading parameters. Below is a breakdown of the available options.

Beginner Programs

• Initial Balance: $5,000 USD
• Profit Target Phase 1: 10% ($500)
• Profit Target Phase 2: 5% ($250)
• Max Daily Loss: 5%
• Max Total Drawdown: 10% (Static)
• Leverage: 100:1
• Minimum Trading Days: Phase 1: 5 days, Phase 2: 3 days
• Time Limit: 180 days
• Fees: $65 (Refundable)
• Rewards: Physical Badge, SIEG eBook, SIEG Certification, 80% Profit Split

Beginner Programs (Higher Initial Balance)

• Initial Balance: $10,000 USD
• Profit Target Phase 1: 10% ($1,000)
• Profit Target Phase 2: 5% ($500)
• Max Daily Loss: 5%
• Max Total Drawdown: 10% (Static)
• Leverage: 100:1
• Minimum Trading Days: Phase 1: 5 days, Phase 2: 3 days
• Time Limit: 180 days
• Fees: $145 (Refundable)
• Rewards: Physical Badge, SIEG eBook, SIEG Certification, 80% Profit Split

Experienced Programs

• Initial Balance: $20,000 USD
• Profit Target Phase 1: 10% ($2,000)
• Profit Target Phase 2: 5% ($1,000)
• Max Daily Loss: 5%
• Max Total Drawdown: 10% (Static)
• Leverage: 100:1
• Minimum Trading Days: Phase 1: 5 days, Phase 2: 3 days
• Time Limit: 180 days
• Fees: $285 (Refundable)
• Rewards: Physical Badge, SIEG eBook, SIEG Certification, 80% Profit Split

Experienced Programs (Higher Initial Balance)

• Initial Balance: $50,000 USD
• Profit Target Phase 1: 10% ($5,000)
• Profit Target Phase 2: 5% ($2,500)
• Max Daily Loss: 5%
• Max Total Drawdown: 10% (Static)
• Leverage: 100:1
• Minimum Trading Days: Phase 1: 5 days, Phase 2: 3 days
• Time Limit: 180 days
• Fees: $375 (Refundable)
• Rewards: Physical Badge, SIEG eBook, SIEG Certification, 80% Profit Split

Key Points

All challenge programs offered by Sieg Fund require participants to meet set profit targets and maintain specific risk management parameters. The programs are designed to accommodate traders with varying levels of experience, offering higher initial balances for more advanced traders. The fees associated with each program are refundable upon passing the evaluation, and successful traders receive additional benefits such as certifications and profit splits.

Overview of Challenge Models and Key Parameters

Sieg Fund offers various trading challenges designed to assess and certify traders’ skills. The 1 Step Express Model, for example, allows up to 100:1 leverage on forex pairs and requires traders to meet an 8% profit target within 45 days, while maintaining a maximum 6% trailing drawdown and a 3% daily loss limit. The 2 Step Standard Model is tailored for advanced traders and involves a two-phase process where participants must achieve 10% and 5% balance growth respectively, over 90 days. The drawdown limits in this model include a 10% static maximum drawdown and a 5% daily loss cap, providing a structured environment for demonstrating trading expertise.

Account Management, Payouts, and Compliance

Upon successfully completing a challenge, traders are eligible for payouts and refunds, typically processed within 24-48 hours. Sieg Fund requires a KYC verification and a review of trading activity to ensure compliance before activating live accounts. For new traders, the initial assessment fee is refunded to their wallet, available for withdrawal. For returning traders, this fee is credited to the live account balance. It’s important to note that once a payout or refund is processed, the maximum drawdown will be locked at the initial account balance, and the trailing drawdown does not reset with withdrawals.

Trading Rules and Prohibited Activities

Sieg Fund permits a wide range of trading strategies, including the use of Expert Advisors (EAs) and high-frequency trading, which are not commonly allowed by all prop firms. However, traders must adhere strictly to the firm’s compliance guidelines to avoid breaches. Prohibited activities include exploiting platform errors, using identical strategies across multiple accounts, and engaging in market manipulation tactics. Violations, especially those categorized as hard breaches such as exceeding daily loss or drawdown limits, result in termination of accounts and forfeiture of fees paid.

Live Account Conditions and Trading Platforms

Traders who pass the assessment are provided with live accounts supported by Sieg Capital, subject to the same conditions and rules as their assessment accounts. These accounts operate with platforms like MT4, MT5, and WebTrader, with trading conditions dictated by the broker. Sieg Fund maintains that all trades receive real market execution, and it does not manipulate pricing or execution provided by the broker. Additionally, the firm retains the discretion to limit the number of open positions and adjust drawdown levels based on market conditions.

General Trading Information and Support

Sieg Fund supports traders with a range of features, including addon options like double leverage and weekend holding for qualified accounts. Scalping and news trading are permitted, providing traders with flexibility to utilize various strategies. The platform emphasizes the importance of stop losses for risk management, mandating them on every trade to avoid soft breaches. Traders can track their account performance and adherence to rules through a dedicated dashboard, which updates metrics every 60 seconds, helping them stay within the firm’s trading guidelines.

Final Thoughts on Sieg Fund

Sieg Fund presents a comprehensive suite of trading challenges that cater to both novice and experienced traders seeking to prove their skills in a structured and well-regulated environment. The firm’s approach of offering live trading accounts with real capital, as opposed to demo accounts, sets it apart from many other prop trading firms, providing a more realistic and rewarding trading experience. With robust risk management frameworks, including stringent drawdown and daily loss limits, Sieg Fund ensures that traders maintain discipline and adhere to sound trading practices. One of Sieg Fund’s standout features is its flexibility in allowing a broad range of trading strategies, including the use of Expert Advisors (EAs), high-frequency trading, and scalping. This openness supports traders in leveraging their preferred techniques to meet the firm’s evaluation criteria. However, the stringent compliance policies and the risk of breaches—both soft and hard—necessitate that traders stay vigilant about adhering to the firm’s guidelines.

The consequences of violations, especially hard breaches, can lead to account termination and forfeiture of profits, underscoring the importance of understanding and following all rules meticulously. Sieg Fund’s commitment to swift payout processing and transparent handling of refunds demonstrates a strong customer-centric approach, bolstering its appeal to traders. The clear guidelines around payouts, drawdown locks, and the independent contractor status for tax responsibilities provide traders with a clear understanding of their financial obligations and rights. However, traders should be aware of the locked drawdown conditions once profits are withdrawn, as this could impact their long-term trading flexibility.

In terms of support, Sieg Fund offers robust resources, including a responsive customer service team and a detailed trader dashboard that allows for real-time monitoring of account performance. This level of support is crucial for traders aiming to stay within the firm’s rules and achieve their trading goals. Additionally, the availability of various trading platforms like MT4, MT5, and WebTrader provides the necessary tools for diverse trading preferences, further enhancing the trading experience. Overall, Sieg Fund is a strong contender in the prop trading space, offering a well-rounded platform with solid risk management, flexibility in trading strategies, and a supportive environment for traders looking to advance their careers.

While the firm provides ample opportunities for traders to succeed, it also demands a high level of discipline and compliance, making it best suited for those who are committed to maintaining a structured and rule-abiding approach to trading. For traders willing to adhere to its stringent guidelines, Sieg Fund offers a promising path to funded trading success and professional growth in the financial markets.