"SiegFund" Prop Firm Rules and Registration fees
Regulatory Broker
Cooperate with more than 10 licensed large-cap brokers
Real Funds
The real account is funded by a regulated broker
Payment policy
Multiple payment channels, 14-day withdrawal cycle
Mandarin Chinese
The official website, backend, and customer service all use traditional Chinese
Compliance
The capital injection account is placed in a regulated broker
Customers in some regions are restricted
SiegFund is a prop firm established in 2016 and headquartered in Australia. It originally started in a small office in Sydney and has developed into a vibrant young day trading community dedicated to treating trading as a long-term career.
SiegFund positions itself as a technology education company and will launch a challenge plan for the Chinese market in the first quarter of 2024.
The SiegFund Challenge program is provided to traders who are interested in becoming a funded trader. Traders can obtain large capital injections into their trading accounts if they meet the conditions without violating the rules.
SiegFund offers 2 modes of challenge: 1-Step and 2-Step, with their own rules.
The 1-step mode is the rapid mode with a trading period of 180 days and a profit target of 8%.
The 2-step mode is the conservative mode with a trading period of 180 days for each phase. The profit target is 10% for Phase 1 and 5% for Phase 2.
These types of proprietary firms can be broadly categorized into Forex Prop Firms and Futures Prop Firms.
However, there are many prop firms in the market, and the industry does not yet have a direct regulatory agency. To screen out unqualified prop firms, they can be evaluated from many levels: the location, withdrawal records, the payment system used, etc.
And this site will continue to pay attention to the Prop firm industry, and as far as possible to find out the compliance of prop firms to provide traders with a variety of options, among which this article will introduce SiegFund prop firm.
SiegFund Prop Firm Exam Rules and Precautions
1-Step
- Time Limit: 180 days
- Daily Drawdown: 3%
- Maximum Drawdown: 6%
- Minimum Trading Day: At least 5 trading days
- Profit Target: 8%
- Leverage ratio: 30:1
- Other conditions: Add-on options are provided (weekend trading +15%, no stop loss +25%, 90% profit sharing +40%, leverage doubled, only applicable to "Foreign Exchange and Metals" +25%)
2-Step (Popular)
- Time Limit: P1 180 days, P2 180 days
- Daily Drawdown: 5%
- Maximum Drawdown: 10%
- Minimum Trading Day: At least 5 trading days
- Profit Target: 10%/5%
- Leverage: 100:1
- Other conditions: Add-on options (weekend trading +15%, no stop loss +25%, 90% profit sharing +40%)
SiegFund allowed and disallowed policies and behaviors
- No Weekend Trading (Default)
- Prohibited No Stop loss (Default)
- It is forbidden to exceed trading time
- Prohibit weekend positions
- Allow automatic trading and copy trading
- Allow overnight positions
- Allow trading news events
- No stop loss level is set: if violated, it is a soft violation. It can also be set after placing an order. The system reflects that the time is up to 3 minutes. If the stop loss is not set, the order will be closed. There is currently no limit on the number of times.
- If the customer is unable to close the position due to the platform chuck and maintenance of the server, resulting in a floating profit to floating loss situation, in view of this problem, SiegFund customers can contact the official to raise questions, and the SiegFund trading room will check the order to confirm, if it is indeed a technical maintenance problem of the trader, the order can be cancelled after approval, the customer can also apply for cancellation of the challenge and refund of the challenge fee.
SiegFund Prop Firm Challenge Fee
Both models offer 7 account sizes, from a minimum of $5,000 to a maximum of $400,000.
Only 4 sizes and corresponding rules and fees are displayed on the official website. After registering and obtaining the background, you can choose the desired account size in the "Initial funds".
SiegFund divides account types into three types: Starter, Experienced, and Elite.
- Starter: Includes $5,000, $10,000 USD accounts.
- Experienced: Includes $20,000, $50,000 accounts.
- Elite: Includes $100,000, $200,000, and $400,000 USD accounts.
The fees of the two models are different under the same account size. The challenge fees are all one-time and are not collected on a monthly basis. 100% of the fees will be refunded for the first withdrawal after passing the challenge, and there is no minimum profit requirement for the first withdrawal.
1-Step | Account 1 | Account 2 | Account 3 | Account 4 | Account 5 | Account 6 | Account 7 |
|---|---|---|---|---|---|---|---|
Account size | $5,000 USD | $10000 USD | $20,000 USD | $50,000 USD | $100,000 USD | $200000 USD | $400000 USD |
Daily Drawdown | 3% | 3% | 3% | 3% | 3% | 3% | 3% |
Max Drawdown | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
Time Limit | 180 days | 180 days | 180 days | 180 days | 180 days | 180 days | 180 days |
Trading Days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days |
Profit Target | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
Leverage | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
Challenge Fee | $85 USD | $155 USD | $315 USD | $475 USD | $755 USD | $1,500 USD | $3000 USD |
More Info | Start | Start | Start | Start | Start | Start | Start |
2-Step | Account 1 | Account 2 | Account 3 | Account 4 | Account 5 | Account 6 | Account 7 |
|---|---|---|---|---|---|---|---|
Account size | $5,000 USD | $10000 USD | $20,000 USD | $50,000 USD | $100,000 USD | $200000 USD | $400000 USD |
Daily Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
Max Drawdown | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
Time Limit | 180/180 days | 180/180 days | 180/180 days | 180/180 days | 180/180 days | 180/180 days | 180/180 days |
Trading Days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days |
Profit Target | 10%/5% | 10%/5% | 10%/5% | 10%/5% | 10%/5% | 10%/5% | 10%/5% |
Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
Challenge Fee | $65 USD | $145 USD | $285 USD | $375 USD | $590 美元 | $1,150 USD | $2,350 USD |
More Info | Start | Start | Start | Start | Start | Start | Start |
30% Discount: 2024beapro (5 pcs)
10% Discount: beapro (Regular)
What are the Features of SiegFund Prop Firm?
SiegFund Cooperates With Licensed Brokers
SiegFund cooperates with more than 10 licensed large-cap brokers (KCM Trade, XM, FXTM, etc.) to provide systematic trading content and various market depths to ensure that certified traders (SiegFund Funded Trader) can easily connect to different market areas.
SiegFund's trading environment consists of KCM Trade Provided, while KCM Trade holdsAustralian Securities and Investments Commission (ASIC) License, the number is: 489437.
SiegFund Prop Firm Use Real Funds
Each Challenge trading signal comes from the MT trading platform of a regulated broker or Webtrader to obtain real-time real market data.
SiegFund will inject funds from trading accounts that successfully pass the challenge into compliant and licensed brokers instead of virtual demo accounts.
SiegFund Prop Firm Language Advantages
SiegFund provides multiple languages, and the backend part can switch between English and Traditional Chinese. It can be said to be very friendly to users in the Chinese market, especially users in Taiwan.
SiegFund Prop Firm Provides A Wide Range Of Products
SiegFund provides commodity categories: major currencies, minor currencies, precious metals, energy, mainstream indices, and US stocks.Basically all major products are available.
Including EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, and USDCHF. （SiegFund commodity description of major currency pairs）
Including GBPJPY, EURAUD, EURJPY, EURGBP, CADCHF, EURCAD, AUDCAD, AUDNZD, AUDJPY, CADJPY, AUDCHF, EURNZD, GBPCAD, GBPAUD, EURCHF, NZDCHF, NZDJPY, GBPNZD, GBPCHF, CHFJPY, NZDCAD. （SiegFund minor Currency pair commodity Description）
Contains XAUUSD, XAGUSD, and XAUCNH. （SiegFund Precious Metal Product Description）
Including US500, US30, US100, DAX30, UK100, JP225, HK50, CN50, EU50, ESP35, AUS200, FA40. （SiegFund Mainstream Index Commodity Description）
Including TSLA, AAPL, AMZN, NVDA, MSFT, COIN, NFLX, GOOG, BABA, BAC, BA, JPM, INTC, DIS, KO, MA, NKE, PFE, PG, ORCL, V, WMT, ABNB, XOM, UBER, RBLX, PYPL, SNOW, AI, TSM. （SiegFund US Stock Product Description）
SiegFund Prop Firm Trading Platform
The trading platform provides MT4, MT5, and Webtrader.Customer backend interfaceFind the platform download on the left. Download points for SiegFund versions of MT4, MT5, and KCM Webtrader are also provided below.
It is worth noting that MetaQuotes has affected the MTs platform provided by some Prop firms, while SiegFund has not been affected in any way. Please refer toMore information。
Trading Platform
- SiegFund MT4
- SiegFund MT5
- KCM Webtrader
SiegFund Read Only Account
SiegFund offers read only accounts, allowing traders to understand the trading environment before purchasing a challenge account.
Item | Description |
|---|---|
Trading Platform | MT5 |
Server | KohleCapitalMarkets-Live |
Login Number | 70000030 |
Investor Password | ! n5lMxCl |
SiegFund Pros and Cons
- SiegFund Pros
- Offer 7 account sizes
- Use KCM Trader with an ASIC license as a broker
- Cooperate with a number of licensed large-cap brokers to provide market depth
- Capital injection from a real account, not a virtual account
- The capital injection account is deposited in a regulated brokerage firm
- The payment cycle is 14 days biweekly
- ProvideTrading personality quiz, help traders find a challenge style that suits them
- 支援 6 種語言
- SiegFund Cons
- Restrictions on some areas
- Both modes have challenge time limit
SiegFund Prop Firm Quick Links
Risk Warning:
Forex and Contract for Difference (CFD) margin trading carries a high level of risk and may not be suitable for everyone. The high degree of leverage can work against you as well as for you. Before deciding to trade forex and CFDs, you should carefully consider your trading objectives, level of experience, and risk appetite. You may sustain a loss of some or all of your initial investment. You should be aware of all the risks associated with forex and CFD trading, and seek advice from an independent financial advisor if you have any doubts.
Please note that before deciding to purchase any retail proprietary trading firm challenge, you should carefully consider the company's challenge trading objectives, drawdown risks, and various rules. You may lose part or all of your initial funds used to purchase the challenge account.
Some proprietary trading firms (Prop Firms) provide all accounts to clients with virtual funds in simulated accounts. All trades are conducted only in a simulated environment. For details, please refer to the announcements on the official websites of each prop firm.
