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FundedSquad Prop Firm

Firm Information

Founded
2022
Headquarters
United Kingdom
Maximum Funding
$300,000
Profit Split
Up to 80%
Platforms
MetaTrader 4, MetaTrader 5, cTrader
Assets
Forex, Indices, Commodities
Payout Frequency
Bi-weekly
Minimum Payout
$50

Challenge Types

Two-Phase Challenge

Traditional two-step evaluation process with separate Phase 1 and Phase 2 requirements. This is FundedSquad's standard evaluation pathway offering balanced risk management and skill assessment.

  • Phase 1: 8% profit target, 5% daily loss limit, 10% total loss limit
  • Phase 2: 5% profit target, same risk parameters
  • Minimum trading days: 5 days per phase
  • No time limit for completion
One-Phase Challenge

Direct path to funded account with a single evaluation phase. Perfect for experienced traders who want to fast-track their way to funding with higher requirements but quicker results.

  • Single phase: 10% profit target
  • 5% daily loss limit, 10% total loss limit
  • Minimum 5 trading days
  • Higher challenge fee but faster path to funding

Trading Rules & Conditions

Rule Specification
Daily Loss Limit 5% of initial balance
Total Loss Limit 10% of initial balance
Profit Target (Phase 1) 8% of initial balance
Profit Target (Phase 2) 5% of initial balance
Minimum Trading Days 5 days per phase
Maximum Leverage 1:100
Weekend Holdings Allowed
News Trading Allowed with restrictions
Expert Advisors Allowed
Copy Trading Not allowed

Payout Information

First Payout
After 30 days + 5% consistency rule
Subsequent Payouts
Bi-weekly (every 14 days)
Profit Split
80% to trader, 20% to firm
Payout Methods
Bank transfer, cryptocurrency, Skrill, Wise
Refund of Challenge Fee
Yes, with first payout

Pros

  • Competitive 80% profit split
  • Multiple platform options including cTrader
  • No time limits on challenges
  • Challenge fee refunded with first payout
  • Bi-weekly payouts after first month
  • Weekend position holding allowed
  • Expert Advisors permitted
  • UK-based with proper regulation

Cons

  • Relatively new firm (established 2022)
  • Limited maximum funding compared to larger firms
  • 30-day waiting period for first payout
  • 5% consistency rule requirement
  • News trading restrictions during high-impact events
  • No scaling plan mentioned
  • Limited track record compared to established firms

Who Should Choose FundedSquad?

FundedSquad is particularly well-suited for:

FundedSquad represents a solid choice for traders seeking a balanced approach to prop firm evaluation. While they may not offer the highest funding amounts or longest track record in the industry, their trader-friendly policies, multiple platform support, and UK regulatory framework provide a secure foundation for serious traders. The combination of no time limits, weekend holdings, and competitive profit splits makes them particularly attractive to traders who value flexibility and reasonable risk management requirements.

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