Overview
DNA Funded is a proprietary trading firm based in Australia, established in 2024, offering a 2-step challenge for Forex traders. The firm stands out with its broker-backed model and a wide range of trading instruments, totaling over 800. This, combined with its rapid evaluation option, makes it an attractive choice for traders looking to get funded quickly.
Challenge Structure & Pricing
The challenge offered by DNA Funded is structured into two steps, with a starting price of $49. This is relatively competitive in the market, considering the potential for rapid evaluation and instant funding. However, the firm's pricing model does not include a 90% profit split by default, as this requires a paid add-on. The max allocation of $600K is also a consideration for traders aiming for higher funding levels.
Profit Split & Payouts
DNA Funded offers up to a 90% profit split, although this maximum split is contingent upon purchasing an additional feature. The standard profit split is not explicitly stated, which may be a point of consideration for potential traders. Payouts are made every 14 days, which is relatively frequent and can help traders maintain a steady cash flow.
Trading Conditions
The firm supports trading on the TradeLocker platform, which may be a limitation for traders accustomed to other platforms, such as MT5, despite it being listed as a feature. The available assets include Forex, Indices, Metals, and Crypto, providing a diverse range of markets to trade. The max drawdown is set at 6%, which is a standard risk management measure. Notably, weekend trading is allowed, which can be beneficial for traders who prefer to trade during these times.
Trust & Reputation
With a Trustpilot score of 3.9 out of 5 from 81 reviews, DNA Funded has a generally positive reputation. This suggests that the firm has a track record of reliability in terms of payouts and trader satisfaction, although there may be areas for improvement based on the feedback from the community.
Who Is It Best For?
DNA Funded is best suited for traders who are looking for a broker-backed proprietary trading firm with a rapid evaluation process and a wide range of trading instruments. Traders who are adaptable to the TradeLocker platform and are seeking a potentially high profit split will also find this firm appealing. However, traders requiring higher funding levels above $600K may need to consider other options.
The Bottom Line
DNA Funded offers a compelling proposition for Forex traders with its rapid evaluation option, diverse asset classes, and potential for a high profit split. While there are limitations, such as the requirement for a paid add-on for the maximum profit split and the exclusive use of the TradeLocker platform, the firm's strengths make it a viable choice for traders seeking a broker-backed model with a good reputation and frequent payouts.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
