What Is Funded Squad?
If you’ve ever scrolled through trader Twitter or browsed prop firm Reddit threads, there’s a good chance you’ve come across the name Funded Squad. It’s a relatively new proprietary trading firm, but don’t let that fool you. This company is quickly gaining traction by offering one of the most competitive trader evaluation models available in 2025.
So what exactly is Funded Squad? It’s a performance-based proprietary trading firm that allows retail traders to access large amounts of capital. Traders can trade anywhere from $10,000 up to $200,000 without putting their own money at risk. Instead of opening a live account with your own funds and taking on unnecessary stress, you can prove your trading ability through the Funded Squad Prop Firm Challenge. If you pass, you gain access to a funded account. If you don’t, you can regroup and try again.
Unlike questionable firms that offer vague promises, Funded Squad provides a transparent structure, modern trading tools, and real opportunities for withdrawals. It’s built to attract serious traders who are ready to turn their skills into consistent results.
The Mission Behind Funded Squad
Many traders don’t fail because they lack talent. They fail because they don’t have enough capital, or they struggle with risk management and trading psychology. Funded Squad was designed to address those exact pain points. Its model rewards performance, discipline, and consistency.
The firm’s mission is to provide equal trading opportunities to skilled individuals worldwide. It doesn’t matter where you’re from or what your background is. If you can trade profitably within their rules, Funded Squad will fund you.
How the Funded Squad Prop Firm Challenge Works
Trading with a top prop firm might sound like a fantasy, but Funded Squad brings it down to earth with a structured, transparent evaluation system. The Funded Squad Prop Firm Challenge is the gateway for every trader looking to access funded capital. Think of it as a qualifying round where you prove your consistency, discipline, and profitability.
This challenge isn’t built to trap you with hidden rules or unrealistic expectations. Instead, it gives you a clear path to follow, step by step. Whether you’re a scalper, swing trader, or intraday strategist, the system is flexible enough to accommodate most trading styles—as long as you respect the rules.
Let’s break down how the process works.
Choose Your Account Size and Profit Split
It all starts with selecting the right evaluation account. Funded Squad offers a range of account sizes, typically from $10,000 to $200,000. Each account comes with its own fee, drawdown limits, and profit targets.
You’ll also choose your profit split model. Most traders opt for the standard 80/20 or 90/10 split, meaning you keep 80% to 90% of the profits while the firm takes the rest. The higher the split in your favor, the more trading responsibility you carry, including tighter rules or higher challenge fees.
Tip for Traders: Start with an account size that matches your real-world experience. If you’re not used to managing six-figure capital, a $25,000 or $50,000 account might be a smart entry point.
Complete the Funded Squad Prop Firm Challenge
Once you pick your account, it’s time to trade.
The challenge typically consists of one or two phases, depending on your selected tier. You’ll have a defined number of trading days to meet a target profit percentage (for example, 8% in Phase 1 and 5% in Phase 2) while staying within specific risk parameters.
Key Metrics You Must Respect:
- Maximum daily loss
- Maximum trailing drawdown
- Minimum number of trading days
- Prohibited strategies such as grid trading or martingale
You can use your own strategy, risk management rules, and trading tools. Just make sure you stay within the firm’s boundaries. Traders who pass the challenge will receive a notification that they’ve met the performance requirements and can move to the next stage.
Pass Evaluation and Get Funded
Once you successfully complete all evaluation steps, you’re officially a Funded Squad Trader. At this point, you’re trading live capital. The pressure’s on, but so is the opportunity.
This is when most traders realize how much structure matters. You’re no longer trading for practice. Real payouts are on the line. But unlike retail accounts, the risk isn’t coming from your wallet.
Funded Squad supports funded traders with:
- Dashboard analytics
- Daily equity updates
- Risk flag alerts
- Educational resources to maintain performance
Start Live Trading
When your funded account is active, you can begin trading for real profits. Your earnings are now split based on your original profit split choice, and you’re expected to maintain the same level of discipline that got you funded.
What Makes Funded Squad Different:
Some firms make you jump through hoops to get paid. Funded Squad keeps it clean. Hit your targets, respect the rules, and you’ll get paid on time, usually via crypto or direct transfer depending on your country.
What Are the Options For Funded Accounts?
Funded Squad doesn’t believe in one-size-fits-all trading. Whether you’re just starting out with a micro account or ready to handle a six-figure portfolio, there’s an account model tailored to your experience and trading style.
From instant funding to multi-phase evaluations, the firm offers a variety of paths to becoming a funded trader. Each path includes specific pricing, risk parameters, and performance expectations. You’re not just buying access. You’re buying a shot at real funding under rules that reward consistency, not gambling.
Below is a breakdown of all current account options offered by Funded Squad, organized by model type.
Funded Squad Account Types and Evaluation Models
Account Size | Challenge Fee | Profit Target | Max Daily Drawdown | Max Overall Drawdown |
Instant Model | ||||
$2,500 | $59 | No Target | 3% | 6% |
$5,000 | $109 | No Target | 3% | 6% |
$10,000 | $219 | No Target | 3% | 6% |
$25,000 | $249/month or $1,099 one-time | No Target | 3% | 6% |
$50,000 | $449/month or $1,999 one-time | No Target | 3% | 6% |
1-Step Challenge | ||||
$5,000 | $79 | 9% | 3% | 6% |
$10,000 | $119 | 9% | 3% | 6% |
$25,000 | $259 | 9% | 3% | 6% |
$50,000 | $429 | 9% | 3% | 6% |
$100,000 | $679 | 9% | 3% | 6% |
$200,000 | $1,219 | 9% | 3% | 6% |
2-Step Challenge | ||||
$5,000 | $69 | 6% (each phase) | 3% | 8% |
$10,000 | $109 | 6% (each phase) | 3% | 8% |
$25,000 | $239 | 6% (each phase) | 3% | 8% |
$50,000 | $359 | 6% (each phase) | 3% | 8% |
$100,000 | $599 | 6% (each phase) | 3% | 8% |
$200,000 | $1,099 | 6% (each phase) | 3% | 8% |
2-Step Pro Challenge | ||||
$5,000 | $69 | 9% / 6% | 4% | 10% |
$10,000 | $109 | 9% / 6% | 4% | 10% |
$25,000 | $239 | 9% / 6% | 4% | 10% |
$50,000 | $359 | 9% / 6% | 4% | 10% |
$100,000 | $599 | 9% / 6% | 4% | 10% |
$200,000 | $1,099 | 9% / 6% | 4% | 10% |
Which Model Should You Choose?
That depends on your goals and risk profile. Instant accounts offer immediate trading without passing a challenge, but they come with higher fees and recurring costs. The 1-Step and 2-Step challenges are more affordable and accessible for skilled traders willing to go through the evaluation process.
If you’re confident in your edge and want fewer restrictions, the 2-Step Pro Challenge offers higher drawdown buffers but demands precision in hitting your profit targets.
Funded Squad’s Rules and Restrictions
Getting funded is exciting, but keeping your funded account alive is where discipline truly counts. Funded Squad enforces a set of trading rules and risk parameters designed to protect both the trader and the firm’s capital. These aren’t meant to limit your potential. Instead, they help you develop the type of consistent, risk-conscious mindset professional traders rely on.
Let’s break down the most important rules you’ll need to follow during both the challenge and funded stages.
Risk Management Guidelines (Trailing Drawdown, Max Daily Loss)
Risk management isn’t just a suggestion with Funded Squad—it’s the core of their funding model. Every account comes with two critical limits:
- Max Daily Loss: This is the maximum you can lose in a single trading day. For most models, it’s set at 3% of your starting balance.
- Max Overall Drawdown: This measures your total loss from peak equity. Depending on the challenge type, it ranges from 6% to 10%.
- Trailing Drawdown: In some models, the drawdown is “trailing” rather than fixed. This means the drawdown limit follows your highest equity balance, tightening as you make profits. Trailing drawdowns are common in instant funding models.
Example: If your trailing drawdown limit is 6% and you grow your $10,000 account to $11,000, your new maximum loss is $10,340 (6% below the peak).
Tip for Traders: Always trade with a calculator and equity tracker open. One impulsive trade can end your account faster than a flash crash.
News Trading, Overnight Holds, and Other Restrictions
While Funded Squad allows a wide range of strategies, there are still boundaries.
Here are some common restrictions:
- No Trading During High-Impact News: During major economic announcements (like NFP or FOMC), trading is often restricted 2 minutes before and after the release.
- Overnight Holding: Some challenges do not allow positions to be held overnight or over the weekend. Always check the conditions of your specific model.
- No Copy Trading or Third-Party Signal Reliance: All trades must be your own. Accounts caught copying signals or using trade copiers may be terminated.
- No Martingale, Grid, or Averaging Down: Risk-heavy strategies that increase position sizes in losing trades are not allowed.
- No Arbitrage, Tick Scalping, or Latency Exploits: These techniques are typically banned and easily flagged by the firm’s risk systems.
Note: Violating these rules—even unintentionally—can lead to immediate disqualification without refund.
Consistency and Scaling Rules
To be eligible for scaling or additional funding, Funded Squad expects consistency in your trading style.
Here’s what that looks like:
- No single trade should represent more than 30-40% of your total profits.
- Daily profit variance should remain within reasonable limits. One $3,000 win followed by ten $20 days raises red flags.
- Scaling programs may require three to four months of consistent results without major breaches in risk.
Consistency helps the firm evaluate whether you’re growing sustainably or simply catching lucky streaks.
Funded Squad takes rule compliance seriously, not just to protect their capital but to foster better traders. Following the rules isn’t about restriction. It’s about proving that you can trade like a pro in real-world conditions.
Payment, Withdrawals, and Payout Process
You passed the challenge. You’re trading live capital. Now comes the most exciting part—withdrawals. Funded Squad offers a streamlined payout system that emphasizes flexibility, transparency, and quick access to your hard-earned profits.
But before you start calculating how to spend that first $5K payout, it’s essential to understand the fee structure, payout schedule, and withdrawal methods available.
Fee Payments (for Challenges and Funded Accounts)
Each account model comes with a one-time or subscription-based fee. These fees are the only financial commitment traders make to access potential six-figure funding.
Fee Structure Recap:
- Instant Models require either a monthly or one-time fee (higher upfront but no challenge).
- Challenge Accounts (1-Step, 2-Step, and Pro) charge a one-time evaluation fee, which varies depending on the account size.
Refund Policy:
In many cases, Funded Squad refunds your challenge fee once you successfully pass and receive a funded account. This is issued during your first payout. It’s a great way of rewarding success and eliminating any “pay-to-play” perception.
Profit Withdrawals and Payout Schedules
Once funded, you can begin withdrawing profits after a minimum trading period, usually 7 to 14 calendar days. This time frame allows the firm to verify consistency and account health.
Payout Schedule:
- First Withdrawal: Available 14 days after your first trade on a funded account.
- Subsequent Withdrawals: Weekly, bi-weekly, or monthly depending on performance and your selected payout option.
Profit Split Options:
- Most traders enjoy an 80/20 split, with the trader keeping 80% of the profits.
- Some premium plans offer up to 90%, depending on the challenge type and risk plan.
Withdrawal Methods Include:
- Cryptocurrency (USDT, BTC, ETH)
- Bank Wire Transfer (for select countries)
- Fintech apps (like Wise, depending on region)
Minimum Withdrawal Threshold: Usually around $50 to $100, depending on the account and method.
Example Payout:
If you’re trading a $50,000 funded account and you make $4,000 in net profit:
- You take home $3,200 (80%)
- Funded Squad keeps $800 (20%)
You can request the payout and receive it typically within 24 to 72 hours, though crypto tends to be faster.
What Makes Funded Squad Stand Out:
Unlike some firms that bog you down in forms or delay payments with vague excuses, Funded Squad has a reputation for fast, fair payouts. They also feature:
- Transparent trader dashboards
- Live P&L tracking
- Real-time withdrawal requests
No hidden hoops, no unannounced rule changes, and no delays—just clean, professional execution.
Comparison: Funded Squad vs Other Top Prop Firms
With so many prop firms flooding the market in recent years, traders are spoiled for choice. But not all firms are created equal. Some offer better value, others better support, and a few unfortunately offer only empty promises.
So how does Funded Squad compare to industry heavyweights like MyForexFunds (MFF), FTMO, The Funded Trader, and E8 Funding?
Here’s a detailed comparison highlighting where Funded Squad shines—and where it still needs to catch up.
Prop Firm Comparison Table
Feature | Funded Squad | FTMO | MyForexFunds (paused) | The Funded Trader | E8 Funding |
Max Capital | $200,000 (per account) | $400,000 | $300,000 | $600,000 | $250,000 |
Profit Split | 80/20 to 90/10 | 80/20 to 90/10 | 80/20 to 85/15 | Up to 90/10 | 80/20 |
Challenge Types | 1-Step, 2-Step, Instant, Pro | 2-Step | 1-Step, 2-Step, Rapid | 1-Step, 2-Step | 1-Step |
Refundable Fee | Yes (after first payout) | Yes | Yes | Yes | Yes |
Minimum Days to Payout | 14 Days | 10 Days | 5 Days | 14 Days | 8 Days |
Scaling Plan | Yes | Yes | Yes | Yes | Yes |
Daily Drawdown Limit | 3% to 4% | 5% | 5% | 3% | 5% |
Overall Drawdown Limit | 6% to 10% | 10% | 12% | 6% | 8% |
Crypto Payouts | Yes | Yes | Yes | Yes | Yes |
Instant Funding Option | Yes | No | No | No | No |
Customer Support | Live chat, Discord, Email | Email, Chat | Email only | Email, Discord | Email, Live Chat |
Key Strengths of Funded Squad
- Instant Funding: One of the few legit firms offering instant accounts without requiring a challenge.
- Flexible Evaluation Models: Traders can choose between challenge types based on skill level, drawdown tolerance, or cost.
- Higher Drawdown Cushion on Pro Accounts: 10% overall drawdown on 2-Step Pro is generous.
- Fast Payouts: Reports show crypto withdrawals processed within 48 hours.
Where Funded Squad Could Improve
- Lower Capital Ceiling: Some firms offer up to $600K in capital. Funded Squad caps at $200K per account, though you can scale with consistency.
- Newer Reputation: It’s still a growing firm and lacks the 5+ year history of FTMO or MFF.
- Limited Platform Support: Currently, it supports MetaTrader 5 and TradeLocker. No cTrader or NinjaTrader support yet.
Funded Squad Support and Help
Email: support@fundedsquad.com
Social Media Profiles
- Instagram profile has 7.6k followers
- X/Twitter profile has 10.1k followers
- Discord group with 16k members
- Youtube Channel with 948 subscribers and 43 videos
Trust Pilot Reviews
Funded Squad has received great customer feedback from its traders on Trust Pilot. With an overall score of 4.4 out of 5 from 265 reviews.
Conclusion
Funded Squad is not just another prop firm trying to ride the funding wave. It’s a modern, trader-focused platform built on transparency, flexibility, and performance-based funding. Whether you’re a seasoned scalper looking for instant access to capital or a disciplined swing trader aiming to pass a challenge, Funded Squad offers a pathway that fits your style.
Its multi-model structure—Instant Funding, 1-Step, 2-Step, and Pro Challenges—makes it one of the most versatile firms in the market today. Add to that fair profit splits, responsive customer support, fast crypto payouts, and beginner-friendly pricing, and you’ve got a serious contender.
Sure, it’s a younger firm, and the capital ceiling is a bit lower than some of the titans in the space. But for many traders, that’s a worthwhile tradeoff for faster access, looser restrictions, and a more flexible evaluation system.
So if you’re ready to level up your trading career and get paid for your skills, Funded Squad may just be the prop firm you’ve been waiting for.
Yes, Funded Squad is a registered and transparent prop firm with a growing reputation in the trader community. It offers real capital, fair challenges, and verifiable payouts.
It depends on the model. With Instant Funding, you can start trading live capital within 24 hours. With evaluation challenges, funding can take 7–14 days if you meet the profit targets and respect the drawdown rules.
Yes. Most challenge fees are refunded with your first profit payout once you become a funded trader.
Only if the strategy is pre-approved. Automated trading is allowed in some cases, but martingale, arbitrage, and other high-risk systems are strictly prohibited.
Currently, Funded Squad supports MetaTrader 5 and TradeLocker. cTrader and other platforms may be added in future updates.
Withdrawals are processed via crypto, wire transfer, or fintech apps like Wise. First payouts are usually available after 14 days, with fast processing times.
