Mega Funded Review

Mega Funded Review

✅ Accounts: $5k - $200k
✅ Profit Split: 80% - 90%
✅ Profit Targets: 10% (1-step), 10%/5% (2-step)

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Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.

Mega Funded Review brokersonline

Mega Funded, a new prop trading firm founded in 2023, has quickly made its mark with innovative offerings and policies that cater to traders. Despite being new, it has already drawn considerable interest.

Registered in Australia, Mega Funded is committed to providing traders with robust tools and opportunities to maximize their market potential.

This review explores various aspects of Mega Funded, including its trading platforms, account sizes, support options, and unique features.

Create an account with Mega Funded and start your trading journey today.

Mega Funded Prop Firm Coupon Code

At this time, there is no information on coupon codes or promotional offers from Mega Funded.

Overview of Mega Funded Prop Firm

Company Name

The company’s official name is Mega Funded.

Address Details

The address for Mega Funded is Songino Khairkhan District 15th khoroo 13120, Ulaanbaatar City, Mongolia.

Founding Year

The company was established in 2023.

Registration Location

Mega Funded is registered in Australia.

Ownership Information

The ownership details of Mega Funded are not disclosed on their website or accessible at this time.

Mega Funded Trading Platforms

Mega Funded features two prominent trading platforms: MT4 and DxTrade. MetaTrader 4 (MT4) is favored for its user-friendly interface and powerful charting capabilities, making it ideal for forex trading. DxTrade provides a highly customizable trading environment with advanced features, catering to traders who seek greater flexibility and control.

Instruments Offered by Mega Funded

Mega Funded provides access to a broad range of trading instruments, including:

  • Forex: A selection of major, minor, and exotic currency pairs.
  • Indices: Top global indices.
  • Metals: Precious metals such as gold and silver.
  • Crypto: Leading cryptocurrencies.

This diverse range enables traders to diversify their investments and leverage different market opportunities.

Funding Your Account at Mega Funded

Mega Funded supports various payment methods to cater to traders worldwide. Currently, payments can be made via:

  • Credit Cards: Major credit cards for secure transactions.
  • Cryptocurrency: Quick and secure payments through popular cryptocurrencies.

These options offer flexibility and ease in funding trading accounts.

Mega Funded Account Sizes

Mega Funded provides a range of account sizes to meet different trading needs and financial capacities. Available account 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 strategies and risk profiles.

Profit Splits at Mega Funded

Mega Funded offers generous profit splits depending on the chosen challenge:

  • 1-Step Challenges: Traders receive an 80% profit split.
  • 2-Step Challenges: Traders benefit from a 90% profit split.

These splits are designed to reward traders for their trading performance effectively.

Mega Funded Profit Targets

The profit targets at Mega Funded are set based on the challenge type:

  • 1-Step Challenges: Traders must achieve a 10% profit target.
  • 2-Step Challenges: Traders need to reach a 10% profit target in Phase 1 and a 5% profit target in Phase 2.

These targets ensure that traders show consistent profitability.

Drawdown and Loss Limits at Mega Funded

Mega Funded has 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 are intended to protect traders from significant losses and encourage disciplined trading.

Trading Days Flexibility at Mega Funded

Mega Funded provides flexible 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 trading days.

This flexibility helps traders meet challenge requirements without a tight deadline.

Challenge Formats at Mega Funded

Mega Funded offers two types of challenges:

  • 1-Step Challenges: One set of criteria to qualify for funding.
  • 2-Step Challenges: Two phases with specific profit targets and risk management rules.

These formats cater to different trading styles and preferences, allowing traders to choose based on their strategy.

Challenge Pricing at Mega Funded

Mega Funded has structured its challenge pricing according to 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 varied pricing allows traders to find a challenge that aligns with their financial means and trading goals.

Commission and Fee Structure

Mega Funded imposes a $7 commission per lot traded. This rate is competitive, ensuring that traders can effectively manage their trading costs.

Refund Policy

Information about refunds was not disclosed on the Mega Funded website or accessible at the time of writing.

Trial Offers

Mega Funded currently has no free trial offers. Traders must start with the paid challenges as outlined in the pricing section.

Payout Frequency

Mega Funded provides payouts on a bi-weekly basis. This ensures that traders have regular access to their earnings, allowing for reinvestment or withdrawal as needed.

Advantages and Disadvantages of Mega Funded

  • 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.

Mega Funded FAQ Section

Spread and Commissions?

Mega Funded partners with Eightcap to offer industry-leading spreads and commissions. For detailed information, visit Eightcap’s trading conditions.

Is copy trading allowed?

Copy trading between personal accounts is allowed, but from third-party IP addresses, it is prohibited.

Do they allow trading over the weekend?

Yes, weekend and overnight trades are permitted.

Are there monthly fees?

Mega Funded’s 1-phase and 2-phase evaluation programs have no monthly fees.

Does Mega Funded offer a Scaling plan?

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!

Starting Fees: $50 - $900
Challenge Types: 1-step or 2-step
Payout: Bi-weekly
Licensing & Safety
Bonuses & Promotions
Customer Support
4.0 Overall Rating

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Mega Funded Review