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Editor’s Verdict
DNA Funded is a newer retail simulated trading firm backed by brokerage DNA Markets. It shines with its asset selection exceeding 800 trading instruments. Traders can increase their profit split from 80% to 90% via an add-on, and DNA Funded offers maximum allocation of up to $600K. My in-depth review of DNA Funded evaluated its trading conditions so you can determine if it is the right simulated trading firm for you.
Overview
DNA Funded offers a maximum profit share of 90% on $600K portfolios.
Headquarters | Australia |
|---|---|
Trading Platform(s) | Other |
Minimum Evaluation Fee | $49 |
Profit-share | 90% |
Daily Loss Limit | 4% to 6% |
Maximum Trailing Drawdown | 5% to 10% |
Funded Account Options | 6 |
Minimum Funded Account | $5,000 |
Maximum Funded Account | $200,000 |
I like that DNA Funded offers portfolios up to $600K, with the highest challenge maxing out at $200K. Besides the one-phase and two-phase challenges, DNA Funding has a 10-day challenge, allowing profitable trades to move from a challenge to a funded account by reaching a 5% profit target.
DNA Funded Trustworthiness and Reputation
Trading with a simulated trading firm, an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts and that the simulated trading firm maintains an excellent reputation among its prop traders.
Is DNA Funded Legit and Safe?
DNA Funded lacks operational history and has a 3.2 out of 5.0 rating on Trustpilot based on three reviews.
My DNA Funded review found limited reviews, as this retail simulated trading firm has not established enough of a rapport with the trading community. Therefore, I advise interest prop traders to approach DNA Funded cautiously with the smallest challenge and test how this simulated trading firm treats funded traders.
DNA Funded Features
DNA Funded follows best practices established across the simulated trading firm industry, which continued its rapid expansion.
The most notable features of DNA Funded are:
- One-step, two-step evaluation, and 10-day evaluation
- A minimum of three trading days per challenge
- Raw spread trading from 0.0 pips for a commission of $5.00 per 1.0 standard round lot
- A profit target of 10% for the one-step and two-step evaluations
- A profit target of 5% % for the 10-day evaluation
- A maximum daily drawdown between 4% and 6%
- A maximum drawdown between 5% and 10%
- A maximum profit share of 90% (through add-ons)
- Cryptocurrency withdrawals
- Algorithmic trading, news trading, swing trading, and weekend positions
- Up $600,000 funded accounts per trader
- Weekly payouts (via add-ons)
Evaluation Fees and Profit-Share
Minimum Evaluation Fee | $49 |
|---|---|
Maximum Evaluation Fee | $1,209 |
Profit-share | 90% |
DNA Funded levies a one-time evaluation fee dependent on their desired funded account size and evaluation type. Traders can also purchase add-ons to increase the maximum profit split to 80% and decrease the payout frequency to weekly.
Prospective retail traders have six funding options - one-step and two-step evaluations with fees, without add-ons, ranging between $49 and $1,209, and four for the 10-day challenge with fees, without add-ons, between $99 and $549. Please note that traders cannot change the account value once approved, meaning if they qualify on a $5,000 account, they will manage a $5,000 portfolio. The profit share without add-ons at DNA Funded is 80%.
The minimum evaluation fee at DNA Funded for a $5,000 account is:
Type of fee | Fee (without discounts) |
One-time evaluation fee | $49 |
Monthly evaluation fee | $0 |
Hold-over-the-weekend | $0 |
Increased leverage | Not applicable |
Stop-loss not required at trade entry | Not applicable |
Total fees for a $5,000 account | $49 ($59 with 90% profit share, $64 with 90% profit share and weekly payouts) |
Account Types
DNA Funded offers six funding options for the one-step and two-step evaluations, plus four funding options for the 10-day challenge. Prop traders can choose account types of $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000 for the former and $10,000, $25,000, $50,000, and $100,000 for the latter. Prop traders can have a challenge allocation up to $600,000. The maximum leverage is 1:30, except for the two-step challenge, which has a 1:50 maximum.
The maximum daily drawdown is 5% for the one-step evaluation, 6% for the two-step alternative, and 4% for the 10-day challenge, with a maximum drawdown of 6%, 10%, and 5%, respectively.
What Are the Trading Rules at DNA Funded?
The DNA Funded evaluation begins after prospective prop traders choose their preferred evaluation account and pay the one-time evaluation fee. DNA Funded does not list a maximum time limit but requires a minimum of three trading days per evaluation. The profit target, daily drawdown, and maximum drawdown depend on the evaluation type.
Violating the maximum overall loss rule results in a hard breach and cancellation of the evaluation.
The trading rules for the DNA Funded evaluation are:
- 6% maximum loss from the starting balance for the one-step evaluation
- 10% maximum loss from the starting balance for the two-step evaluation
- 5% maximum loss from the starting balance for the 10-day evaluation
- 5% daily loss limit for the one-step evaluation, 6% daily loss limit for the two-step alternative, and 4% daily loss limit for the 10-day challenge
- A minimum of three trading days for the evaluation
Noteworthy:
- DNA Funded will not grant access to live trading accounts
- Accepted prop traders will manage demo accounts, and the DNA Funded software duplicates them in live trading accounts of DNA Funded
- It enhances risk management and compliance for DNA Funded
Trading Platforms
MT4 | |
|---|---|
MT5 | |
MT4/MT5 Add-Ons | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping |
DNA Funded offers the TradeLocker trading platform. TradeLocker supports algorithmic trading, but the absence of MT4/MT5 and its cutting-edge trading infrastructure is notable. DNA Funded provides login details for TradeLocker, allowing interested traders to evaluate spreads, slippage, and order execution speed. Traders are charged a flat fee of $5 for their non-crypto trades and 0.1% for crypto trades.
Education
DNA Funded does not offer education, and beginners should never consider prop trading. I appreciate the absence of tools to encourage beginners to attempt prop trading.
Customer Support
Customer Support Methods |  |
|---|---|
Support Hours | Undisclosed |
Website Languages |  |
During my DNA Funded review, both email and chatbot were available as support methods. I recommend the FAQ section as the first point of support interaction, as it answers many questions. I am missing a direct line to the finance department, where most issues could arise.
How to Get Started with DNA Funded
Interested prop traders can start the evaluation after selecting their desired package and paying the one-time fee.
Minimum Evaluation Fee
The minimum evaluation fee at DNA Funded is $49 for the $5,000 account and the two-step evaluation process.
Payment Methods
Withdrawal options |   |
|---|---|
Deposit options |   |
DNA Funded accepts credit/debit cards and cryptocurrency transactions.
Accepted Countries
DNA Funded does not accept clients resident in Australia, Cuba, Iran, Lebanon, Syria, North Korea, Libya, Russia, Sudan, or Somalia.
How to Pay the Evaluation Fee
Prop traders can pay their evaluation fee via credit/debit cards and cryptocurrencies.
The Bottom Line - Is DNA Funded a Good Simulated trading firm?
I like DNA Funded as it allows traders a portfolio up to $600,000, offers add-ons to increase the maximum profit share to 90%, and has DNA Markets as its broker, providing a competitive trading environment. Prop traders benefit from ultra-low trading fees, while the evaluation conditions match established industry standards. I want to caution that DNA Funded lacks operational history, but DNA Markets is a solid brokerage. Therefore, I can cautiously recommend DNA Funded to prop traders who wish to build a rapport with this Hong Kong-based retail simulated trading firm.
FAQs
What is the evaluation fee at DNA Funded?
The minimum evaluation fee at DNA Funded is $49.
Is DNA Funded legit?
While DNA Funded lacks operational history, DNA Markets is a legitimate and trustworthy broker.
What is DNA Funded?
DNA Funded is the retail simulated trading firm division of brokerage DNA Markets.
What is the profit share at DNA Funded?
DNA has a default profit share of 80%, upgradeable to 90% via a paid-for add-on.
