FundedSquad

What is FundedSquad?

FundedSquad is a proprietary trading firm based in Dubai, UAE (operated by Devionics Technology FZCO) that lets you trade a funded account using the firm's capital instead of risking your own. It has grown to over 50,000 traders across 130+ countries, with more than $2.5 million in rewards distributed and an average payout of around $1,094.

In simple terms: you buy a challenge, hit a modest profit target while respecting the loss limits, and once you pass, FundedSquad funds you and you keep up to 100% of the profits you make.

How does the FundedSquad challenge work?

FundedSquad keeps its targets among the lowest in the industry, and offers several routes to funding:

• 1-Step Evaluation — one phase, just an 8% target with 7% static drawdown, from $79.
• 1-Step Pro — 10% target with a 10% static drawdown, for confident traders.
• 2-Step Fast — two easy phases of only 6% each, 8% static drawdown, from $69.
• 2-Step Squad — 8% then 6% targets with a roomy 12% static drawdown.
• Instant Funding (Lite & Pro) — skip the evaluation and start trading a funded account right away, from just $49.

There is no time limit on any evaluation, so you can trade at your own pace. And every challenge fee is 100% refundable.

Account sizes, profit split & scaling

Account sizes run from $2,500 up to $200,000. The profit split goes up to 100% (the Instant Pro model pays 70%). The scaling plan is unusually aggressive: your account doubles (100% growth) with every 10% profit you achieve — most competitors only scale 25-40% at a time. Leverage ranges from 1:20 to 1:100 depending on the account.

Payouts

This is FundedSquad's headline feature: payouts are processed within 12 hours — or you get a $1,000 bonus. Depending on your account, you can withdraw on demand, daily, or on a 5-7 day cycle. Withdrawals are available via cards, crypto, bank transfer and digital wallets.

Trading rules — what you can and can't do

• ✅ EAs / bots allowed.
• ✅ News trading and weekend holding allowed on most accounts (restricted during the 1-Step Pro evaluation).
• ✅ No consistency rule on Instant Lite and Instant Pro.
• ⚠️ 2-minute rule applies by default (trades must stay open 2+ minutes) — it can be removed with a paid add-on.
• ⚠️ Drawdown is static on most models (easier to manage), trailing on Instant Lite.

Is FundedSquad legit?

FundedSquad is a licensed Dubai company (IFZA licence no. 46706) with a growing payout record and an active Discord community. It is a younger, smaller firm than giants like FundingPips — $2.5M in payouts versus their hundreds of millions — so treat it as a promising up-and-comer rather than an established institution. The low targets, 100% refundable fees, and the 12-hour payout guarantee are genuinely trader-friendly; just note the default 2-minute rule and that the platform operates in a simulated trading environment (as most modern prop firms do). Read your account type's rules before you buy.

FundedSquad discount code

Use code PROPI at checkout for a discount on your FundedSquad challenge. Discounts and offers change regularly, so always check the current deal above before purchasing.