Analysis of the rules of "SiegFund"! The first Chinese Prop Firm!

"SiegFund" Prop Firm Rules and Registration fees

SiegFund

Trustpilot
4.8/5

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

Regional Restrictions

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 is the speed mode, the trading period is 30 days, and the profit target is 8%.

The 2-Step model is a conservative model, with a trading period of 30 days in both stages, a profit target of 10% in stage one and a profit target of 5% in stage two.

There are different types of prop firms of this kind, which can be distinguished by major categories:Forex Prop Firm, Futures Prop Firm

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

  • Trading Period: Within 30 days
  • Daily Drawdown: 3%
  • Maximum Drawdown: 6%
  • Minimum Trading Day: At least 3 trading days
  • Profit Target: 8%
  • Leverage ratio: 30:1
  • Other Conditions:
    1. Allow automatic trading and copy trading, overnight positions, news trading
    2. Weekend trading is not allowed (positions can be held on weekends), no stop loss is set, and trading hours are exceeded
    3. Provide additional purchase options (weekend trading +10%, no stop loss +10%, 90% profit sharing +20%, leverage doubling is only applicable to "Forex and Metals" +20%)
  • Trading Period: 30 days/30 days
  • Daily Drawdown: 5%
  • Maximum Drawdown: 10%
  • Minimum Trading Day: At least 3 trading days
  • Profit Target: 10%/5%
  • Leverage: 100:1
  • Other Conditions:
    1. Allow automatic trading and copy trading, overnight positions, news trading
    2. Weekend trading is not allowed (positions can be held on weekends), no stop loss is set, and trading hours are exceeded
    3. Provide additional purchase options (weekend trading +10%, no stop loss +10%, 90% profit +20%)
  • No weekend trading
  • Prohibit unset stop loss level 
  • It is forbidden to exceed trading time
  • Allow weekend positions
  • Allow automatic trading and copy trading
  • Allow overnight positions
  • Allow trading news events

"SiegFund" Prop Firm Challenge Fee

Both models offer 9 account sizes, from a minimum of $5,000 USD account to a maximum of $400,000 USD account.

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, and $15,000 USD accounts.
  • Experienced: Includes $20,000, $25,000, and $50,000 USD 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 8
Account 9
Account size
$5,000 USD
$10000 USD
$15000 USD
$20,000 USD
$25,000 USD
$50,000 USD
$100,000 USD
$200000 USD
$400000 USD
Daily Drawdown
3%
3%
3%
3%
3%
3%
3%
3%
3%
Max Drawdown
6%
6%
6%
6%
6%
6%
6%
6%
6%
Time Limit
30 days
30 days
30 days
30 days
30 days
30 days
30 days
30 days
30 days
Trading Days
3 days
3 days
3 days
3 days
3 days
3 days
3 days
3 days
3 days
Profit Target
8%
8%
8%
8%
8%
8%
8%
8%
8%
Leverage
1:30
1:30
1:30
1:30
1:30
1:30
1:30
1:30
1:30
Challenge Fee
$80 USD
$140 USD
$200 USD
$300 USD
$400 USD
$450 USD
$750 USD
$1,500 USD
$3000 USD
More Info
Start
Start
Start
Start
Start
Start
Start
Start
Start
2-Step
Account 1
Account 2
Account 3
Account 4
Account 5
Account 6
Account 7
Account 8
Account 9
Account size
$5,000 USD
$10000 USD
$15000 USD
$20,000 USD
$25,000 USD
$50,000 USD
$100,000 USD
$200000 USD
$400000 USD
Daily Drawdown
5%
5%
5%
5%
5%
5%
5%
5%
5%
Max Drawdown
10%
10%
10%
10%
10%
10%
10%
10%
10%
Time Limit
30/30 days
30/30 days
30/30 days
30/30 days
30/30 days
30/30 days
30/30 days
30/30 days
30/30 days
Trading Days
3 days
3 days
3 days
3 days
3 days
3 days
3 days
3 days
3 days
Profit Target
10%/5%
10%/5%
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
1:100
1:100
Challenge Fee
$60 USD
$123 USD
$165 USD
$200 USD
$250 USD
$350 USD
$550 USD
$1,000 USD
$1999 USD
More Info
Start
Start
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 Homepage
Language switchable in the lower left corner

"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 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

  • Provide 9 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
  • Support traditional Chinese, easy to operate
  • Restrictions on some areas
  • Both modes have challenge time limit

SiegFund

Trustpilot
4.8/5

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

Regional Restrictions

Customers in some regions are restricted

  • Trading Period: Within 30 days
  • Daily Drawdown: 3%
  • Maximum Drawdown: 6%
  • Minimum Trading Day: At least 3 trading days
  • Profit Target: 8%
  • Leverage ratio: 30:1
  • Other Conditions:
    1. Allow automatic trading and copy trading, overnight positions, news trading
    2. Weekend trading is not allowed (positions can be held on weekends), no stop loss is set, and trading hours are exceeded
    3. Provide additional purchase options (weekend trading +10%, no stop loss +10%, 90% profit sharing +20%, leverage doubling is only applicable to "Forex and Metals" +20%)
  • Trading Period: 30 days/30 days
  • Daily Drawdown: 5%
  • Maximum Drawdown: 10%
  • Minimum Trading Day: At least 3 trading days
  • Profit Target: 10%/5%
  • Leverage: 100:1
  • Other Conditions:
    1. Allow automatic trading and copy trading, overnight positions, news trading
    2. Weekend trading is not allowed (positions can be held on weekends), no stop loss is set, and trading hours are exceeded
    3. Provide additional purchase options (weekend trading +10%, no stop loss +10%, 90% profit +20%)

"SiegFund" Prop Firm Quick Link