FundedSquad is a forex and crypto prop firm operated by Devionics Technology FZCO, a company registered in the United Arab Emirates. It sells three evaluation routes: a two-step challenge, a one-step challenge and an instant funded account. Each comes in at least a “Lite” version, and the firm’s leverage terms also name “Flex” versions. The entry prices on the $5K tier are low, there is no consistency rule, and the two-step challenge has no time limit or minimum trading days. Against that, the firm’s Trustpilot profile is sharply split. Of its 407 Trustpilot reviews, about 65% are one-star and 26% are five-star, for a score of 1.9/5. The written complaints focus on rejected payouts and on rules that traders say they only learned about when a withdrawal was denied.
Overall, FundedSquad suits a trader who wants a cheap, deadline-free evaluation and whose style stays clear of the conduct rules behind most complaints. The main risk sits at the payout stage, not in the loss limits. Disputes in the reviews concern group trading, martingale and minimum trade duration rules applied after the profit was made, and traders say those findings were hard to contest. The sections below cover each program, the payout terms and those rules in turn.
Who operates FundedSquad
The firm trades under the FundedSquad brand at fundedsquad.com. The legal entity behind it is Devionics Technology FZCO in the United Arab Emirates. FZCO is the designation for a free zone company in the UAE. That tells you where the contracting company sits, not that a financial regulator supervises the business. Prop firms of this type usually sell evaluations and simulated or firm-funded accounts, not brokerage services to the public. The firm’s own terms of service are the governing document for disputes, so the legal entity matters. It is the party a payout claim would be made against.
Reviewers name the founder and CEO as Ajwad, a trader who ran a YouTube channel before he launched the firm. Several positive reviews say they followed his videos since 2022 or 2023 and bought a challenge because of that history. Others say he is active on the firm’s Discord server, answers questions there and hosts AMA sessions. That presence is a large part of how the brand has marketed itself. It is also why many early reviews read like endorsements of the founder rather than accounts of trading with the firm.
Traders in several countries cannot buy from FundedSquad. The firm’s restricted list covers the United States, North Korea, Iran, Libya, Somalia, South Sudan, Sudan, Syria and Yemen. US residents are excluded outright, so FundedSquad is not an option for them whatever the program terms.
The three FundedSquad programs and what they cost
FundedSquad offers three challenges at the $5K account size. Each one shows a discounted price against a higher list price, marked as a 50% flash offer. The structure of each program matters more than the sticker price, because the rules decide how much room you have before an account is breached.
2 Step Lite
The 2 Step Lite challenge is the firm’s cheapest route. It costs $40, down from $79, for a $5K account. The terms are:
- Profit target: 6% in phase one, then 6% in phase two
- Daily loss limit: 4%
- Maximum loss: 8%, static
- Minimum trading days: none
- Time limit: unlimited
- Leverage: 1:100
- Profit split: up to 100%
- Payout frequency: weekly available
On a $5K account, the 6% target works out to $300 of profit in each phase. The 4% daily loss limit is $200. The 8% maximum loss is $400. Because the maximum loss is static, the failure level sits at a fixed point, $4,600 if it is measured from the starting balance, and it does not rise as the account grows. This assumes the loss limits are calculated from the initial account size, which is the usual convention for static drawdown.
The equal 6% target in both phases is the feature reviewers praised most often. Several compared it with the 8% then 5% structure common at other two-step firms and said two matching 6% targets felt easier to plan for. The total profit needed is 12% across both phases, against 13% under an 8% plus 5% design. The bigger change is that phase two asks as much of you as phase one, so you cannot ease off in the second stage.
With no minimum days and no time limit, a trader could in principle pass a phase in one session or take months. The absence of a deadline removes the pressure to force trades near an expiry date. That pressure is one of the more common reasons traders break their own risk plans during an evaluation.
1 Step Lite
The 1 Step Lite challenge costs $44.50, down from $89.00, for a $5K account. The terms are:
- Profit target: 8%
- Daily loss limit: 3%
- Maximum loss: 7%, static
- Minimum trading days: none
- Leverage: 1:100
- Profit split: up to 100%
- Payout frequency: on demand available
In dollars on $5K, the target is $400, the daily loss limit is $150, and the maximum loss is $350. The static floor would be $4,650 if measured from the starting balance.
This program asks for more profit than you are allowed to lose. The 8% target is larger than the 7% maximum loss, so the account has less room for error relative to the goal than the two-step version does. An older third-party description of FundedSquad gave the one-step target as 10%. The current Lite version has an 8% target, and that figure is the one to plan around. If you buy a different variant, check its own target.
The tighter 3% daily limit matters as much as the target. A trader who risks 1% per trade can absorb three consecutive full losses in a day before the limit is reached. Under the two-step’s 4% limit, the same trader could absorb four. Position sizing that works on one program can breach the other.
Instant Lite
The Instant Lite account skips the evaluation and costs $60, down from $119, for $5K. The terms are:
- Profit target: none
- Daily loss limit: 3%
- Maximum loss: 6%, trailing
- Minimum trading days: 5
- Leverage: 1:50
- Profit split: up to 100%
- Payout frequency: on demand
There is no target to pass. You trade the funded account from the start, and the conditions for withdrawing apply instead. The minimum of five trading days is the main gate, and this is the only one of the three programs with a minimum day count.
The 6% maximum loss is trailing rather than static, which changes the risk picture a lot. On $5K, 6% is $300. Under a trailing limit, the failure level moves up as the account makes new highs. A gain therefore does not widen your buffer the way it does under a static limit. Here is a hypothetical example to show the mechanics, not FundedSquad’s exact method. Suppose the floor trails the highest balance by $300. An account that rises from $5,000 to $5,200 would then have its floor raised from $4,700 to $4,900. A $300 drop from the peak would end the account even though it is still above its starting value. Some firms trail balance and some trail equity, which includes open trade profit, and some stop trailing once the floor reaches the starting balance. Before you buy, confirm in FundedSquad’s terms which of these it uses and whether the daily loss limit is measured against balance or equity. Those two details decide whether a winning trade left open overnight can work against you.
Instant Lite’s leverage is also lower, at 1:50 against 1:100 on the Lite evaluations. On forex, that halves the maximum position size available for a given margin.
Instant accounts are where FundedSquad first built its reputation. Early reviewers described them as the firm’s standout product, some calling them a monthly subscription that let traders hold a larger instant account for a recurring fee rather than one large upfront payment. One reviewer described buying a $25K instant account and receiving a $5K account free. Another older description gave instant sizes of $25,000 and $50,000 with splits from 60% to 100% depending on performance. Instant Lite is now sold at $5K for a one-time price, so treat the subscription descriptions as history and check the checkout page for how instant accounts are billed now.
Lite and Flex versions
FundedSquad’s leverage terms name six configurations, three Lite and three Flex, which confirms that Flex versions of all three programs exist alongside the Lite ones. The challenge terms covered here are for the Lite versions only, so Flex targets, loss limits and prices are not described in this review.
The split between versions matters in practice. One reviewer bought a Lite account by mistake when they meant to buy Flex, and support switched it for them. The reviewer saw that as good service. It also shows that the two versions differ enough for a trader to care which one they hold. If you are weighing a Flex account, read its rule set on the firm’s pricing page rather than assuming it mirrors the Lite terms.
What the loss limits mean for how you trade
The PT:DD ratio, which compares the maximum loss allowed with the profit target of a single phase, is 1:1.33 for 2 Step Lite and 1:0.88 for 1 Step Lite. For the two-step, 8% of allowed loss against a 6% target gives 1.33, so you can lose more than you need to gain in each phase. For the one-step, 7% of loss against an 8% target gives 0.88, so the loss buffer is smaller than the target you need to reach.
A higher ratio means more room to recover from a losing stretch before the account fails. Neither ratio tells you how likely you are to pass. That depends on your strategy, your win rate and how you size positions. But the ratio does show the trade-off you are making. The one-step is quicker in that it needs only one phase. The two-step is more forgiving per phase but asks you to succeed twice.
A practical way to use these limits is to work backward from the daily loss figure. On the 2 Step Lite $5K account, the daily limit is $200. A trader who wants to survive four losing trades in one day would cap risk at $50 per trade, or 1% of the account. On the 1 Step Lite or Instant Lite, the $150 daily limit at the same four-trade buffer means $37.50 per trade, or 0.75%. Remember that spreads and commissions count against the account too. A position closed at its stop can lose slightly more than the distance to the stop once costs are included. If your stop sits exactly at the daily limit, costs can push the loss over it.
Static limits on the two evaluations make them easier to plan around than the trailing limit on Instant Lite. Under a static limit you know the failure level on day one and it never changes. Under a trailing limit it moves with your results, so a trader who scales up after a winning run can find the buffer has shrunk at the moment their positions are largest.
Trading conditions: platforms, instruments and leverage
FundedSquad supports three platforms: MetaTrader 5, cTrader and Match-Trader. Reviewers praised Match-Trader in particular as easy to use, and one older review also mentioned TradeLocker. TradeLocker is not among the current platforms, so plan on the three above. Offering MetaTrader 5 and cTrader matters for traders who rely on expert advisors or cBots, or who simply have years of habit on one of them. Match-Trader is a browser-based platform that a number of newer prop firms have adopted.
FundedSquad offers forex and crypto. It has no futures program, so it is a CFD-style forex and crypto firm, not a futures prop firm. Traders who want CME futures need a firm built for that market; our list of futures prop firms covers that separately. Those focused on digital assets can compare FundedSquad’s crypto access with firms on our crypto prop firms list.
Leverage is 1:100 on 1 Step Lite, 2 Step Lite and 2 Step Flex, and 1:50 on 1 Step Flex, Instant Lite and Instant Flex. FundedSquad does not break leverage down by asset class, and prop firms often set lower leverage on crypto and metals than on major currency pairs. Higher leverage lets you open larger positions for the same margin. It does not change your loss limits. A trader on 1:100 can breach the 4% daily limit in a single trade much faster than one on 1:50, simply because larger positions are available.
No spread or commission figures are given in the program terms. Several reviewers described the spreads as low or competitive, and one praised fast execution with little slippage. These are individual impressions without numbers attached. If you trade gold or other instruments where commission per lot strongly affects a scalping strategy, check the firm’s published commission schedule before buying.
Positive reviews also mention several conditions that are not part of the listed program rules. Reviewers said weekend holding is allowed, news trading is unrestricted, accounts carry no swap charges, and drawdown is balance-based. One said a profit of 1% was the minimum needed to request a withdrawal. These come from individual reviewers, and some date from the firm’s early period. Each one can change a strategy’s viability. Holding over weekends exposes you to price gaps at the open, and news trading exposes you to sharp spread widening. Confirm each condition in the current terms for the specific program you buy rather than relying on a review.
Payouts: split, frequency, methods and the reported total
Profit split
Each of the three Lite challenges offers a profit split of up to 100%. The firm overview also gives the split as “Up to 100% / Up to 90%” without saying which programs or conditions each figure applies to. The wording “up to” usually means a base split that rises with conditions such as payout count, add-ons purchased at checkout or performance. FundedSquad does not set out how the split moves from its starting level to its maximum. An older description gave the two-step and one-step splits as 85% to 90% and the instant split as 60% to 100%. One reviewer asked the firm to raise the instant account split to at least 80/20, which suggests the instant base split was below 80% at the time. For planning, assume the base split is lower than the headline until the checkout or terms show otherwise. Treat 100% as a ceiling, not a starting point.
Frequency and processing
Payout frequency differs from one program to the next:
- 2 Step Lite: weekly available
- 1 Step Lite: on demand available
- Instant Lite: on demand
The firm overview also mentions bi-weekly payouts. The word “available” next to weekly and on-demand payouts may mean that the faster frequency is an option rather than the default. Some firms sell it as a paid add-on at checkout. FundedSquad does not say whether it does, so check at purchase whether the payout schedule you want costs extra.
Processing time is listed as within 48 hours, and this figure is reported by the firm. In its early period, FundedSquad’s marketing centered on a 12-hour payout promise. Many reviewers repeated that the firm would pay $1,000 extra if a payout took longer than 12 hours after approval. Two reviews describe receiving compensation after a delay, one citing $1,000 and another $3,000. Others reported payouts arriving within a few hours or even 15 minutes. The current page states 48 hours, so do not plan around the older 12-hour guarantee unless the firm’s current terms still state it. The “after approval” qualifier in those early reviews also matters. A processing time starts once the firm has reviewed and approved a payout request. Any review period before that is separate. One critical reviewer said payout reviews took more than three days.
Methods
Payouts are made through Rise and crypto. Rise is a payroll and contractor payment platform used by a number of prop firms, and crypto payouts are usually sent in stablecoins. There is no bank wire option. If you need to receive funds in a local bank account, factor in the steps and costs of converting from Rise or a crypto wallet.
Total paid
FundedSquad reports $3,548,912 in total payouts. On our payout tracker, that places it 44th of the 50 firms that publish a payout total, representing about 0.1% of all reported payouts. For scale, the largest firms on the same list report totals in the hundreds of millions, or in Topstep’s case over a billion dollars. The total is published by FundedSquad itself and has not been independently verified. It shows that the firm says it has paid that amount, not how many traders were paid, how the payments were spread over time, or what share of requests were approved.
A modest reported total is consistent with a young firm. Reviewers repeatedly called it new, and many reviews date from its launch period. It also means the firm has a shorter operating history for traders to judge it by, so its track record cannot yet be assessed.
The conduct rules behind payout disputes
The firm’s headline rules cover targets, loss limits, minimum days and the absence of a consistency rule. They do not include the trading conduct rules in the firm’s terms of service, and those are the rules that come up again and again in negative reviews. They are worth understanding before you buy, because a loss limit tells you when an account fails, while a conduct rule can decide whether profit already made is paid.
No consistency rule
The consistency rule is listed as none, and reviewers confirmed it. A consistency rule caps how much of your total profit can come from a single day or trade. Without one, a trader who makes most of the target in one strong session is not penalized for it. This is a real advantage for traders whose results come in bursts, such as those who trade around large news events. The absence of a consistency rule does not mean the absence of other behavior rules, which several reviews make clear.
Minimum trade duration
Two reviewers referred to a “2 minute rule”, which from their descriptions requires trades to stay open for at least about two minutes. One said a breach of it led to a rejected payout. Another said they broke it and were given a reset balance instead of losing the account. Short holding-time rules exist at many firms to discourage strategies that exploit simulated execution, such as latency arbitrage or very fast scalping on price feed delays. If your strategy routinely closes trades within seconds or a minute or two, this rule alone may rule FundedSquad out. Find the exact duration and how breaches are treated in the terms.
Martingale and position-size increases
Two reviewers say payouts were rejected for martingale trading. One described a $549.46 payout denied after a small loss of $1.36 was followed by a trade at twice the size that recovered about the same amount. The trader said it was a one-off, not a strategy. Martingale refers to doubling position size after each loss to recover it with the next win. Firms ban it because it can produce smooth results until a single losing streak wipes out the account. The disputes in the reviews were about where the line sits. A trader who sometimes sizes up after a loss may not see themselves as running martingale, while a firm applying the rule mechanically may. If you vary position size based on recent results, read how the firm defines the pattern before you trade a funded account.
Group trading and similar trades
The most serious complaint in the reviews is about group trading. Two reviewers say they were accused of placing trades matching another account’s and had payouts rejected or accounts banned as a result. One reported losing a $3,400 payout, and another said a $1,900 payout on a $100K account was rejected and the account terminated. A recent reviewer describes multiple rejected payouts and a ban for trades “similar with other traders”. The accused traders all say they trade alone with their own strategy and were never shown the evidence.
Many prop firms prohibit copy trading across accounts, account sharing and coordinated hedging between traders, because these can be used to game evaluations. The problem traders describe is not the rule itself but how it was applied. A similarity finding is hard to rebut from the trader’s side, since they cannot see the other account. These reviews are individual allegations, and the firm’s side of each dispute has not been given. They do show where the dispute risk sits: if a payout is denied on this ground, the trader has few means to contest it.
There is a practical point for anyone who trades from public signals, a shared Discord strategy or a popular indicator setup. If many traders take the same entries at the same moment, their trades will look alike. Whether FundedSquad’s rule distinguishes that from coordinated trading is a question to put to support in writing before buying, and to keep a record of the answer.
Free retry
One reviewer said the firm advertised a “free retry” and then refused to honor it when asked, and also said support did not open tickets for the issue. Another reviewer described a retry or reset being granted after a rule breach. A third said the firm “didn’t even terminate” an account on a breach and reset it instead. Taken together, these suggest retries or resets have existed in some form, but that eligibility depended on conditions that not every buyer understood. If a retry is part of why you are choosing a program, find its conditions on the checkout page or in the terms before paying.
What the Trustpilot record shows
FundedSquad has 406 Trustpilot reviews, distributed as follows:
- 5 stars: 108
- 4 stars: 21
- 3 stars: 9
- 2 stars: 5
- 1 star: 263
That is roughly 65% one-star and 27% five-star, with only 35 reviews, under 9%, in the middle three ratings. The overall Trustpilot score is 2. The distribution is polarized: reviewers either rate the firm highly or at the bottom, and very few land anywhere in between.
An older third-party description put FundedSquad’s Trustpilot rating at 4.6, with 87% of reviews at five stars. That no longer matches the current profile. The counts alone do not explain the change, and a star distribution cannot tell you how many traders were paid or what share of disputes were valid. What the written reviews do show is a clear pattern of themes.
The positive reviews, many from the firm’s early period, praise:
- low challenge prices and the instant account
- fast payouts, in some cases within hours
- the equal 6% targets on the two-step challenge
- responsive support, including help on Discord
- the founder’s visibility and community events such as giveaways, quizzes and free funded accounts
Two recent positive reviewers describe buying several accounts without issue, and one thanks a moderator by name for solving their problems.
A number of the early five-star reviews read like promotion. Some repeat each other almost word for word, several describe the firm in general marketing terms rather than an actual trading experience, and a few seem to be about a business funding service rather than trading at all. One even ends with a note that looks like a message from a writer to a client. That does not mean every positive review is unreliable. It does mean the raw count of five-star reviews says less about trading experience than the number suggests.
The negative reviews concentrate on:
- rejected payouts, mostly citing group trading, martingale or minimum duration rules
- rules the traders say were hidden or not clearly stated before purchase
- an advertised free retry that was not honored
- support that the reviewers said did not resolve or escalate the issue
- distrust of frequent heavy discounts
A recent one-star reviewer advises traders not to be drawn in by the firm’s 50% or 45% discounts and its BOGO deals.
Neither side of the record settles whether FundedSquad will pay you. It does point to where problems tend to arise. Disputes in the reviews rarely concern the loss limits or targets. They concern conduct rules applied at the payout stage, after the trader has already made the profit.
Discounts and the real price of a challenge
All three Lite challenges carry a 50% flash discount, bringing the $5K two-step from $79 to $40, the one-step from $89 to $45, and the instant account from $119 to $60. In terms of cost per $10K of capital, the discounted two-step works out to about $80 per $10K. That assumes the price scales in proportion with account size, which is not confirmed, since only the $5K prices are covered here.
Low prices are a genuine advantage for traders who want to practice under prop rules without much at stake, or who expect to need several attempts. If you are shopping mainly on price, our comparison of the cheapest prop firm challenges sets FundedSquad’s fees against others.
Reviewers on both sides commented on the discounts. Early buyers mentioned codes for 35% off and promotions such as free accounts with a purchase. Critics pointed to repeated price drops and flash sales as a warning sign. A permanent or near-permanent discount does not on its own say anything about a firm’s finances, but it does make the “list price” a less meaningful figure. The amount you will actually pay is the discounted price on the day you buy, and you should treat that as the real cost. Check the current code on the page’s offer block rather than older codes passed around in reviews.
The challenge fee is the amount you can lose for certain. Many prop firms refund the fee with the first payout from a funded account, but FundedSquad does not state whether it does. Budget on the assumption that the fee is not returned to you.
Support and community
FundedSquad’s support runs through its website and a Discord server, and the contact page is among the sources listed. Positive reviews describe 24/7 support and quick answers, with several mentioning help directly from the founder or a moderator. The Lite to Flex switch mentioned earlier is one example of support resolving a buyer’s mistake. Negative reviews describe the opposite: no support ticket opened for a retry request, and no evidence shown in a group trading dispute.
The Discord community is part of the product. Reviewers describe AMA sessions, daily giveaways, Sunday quiz challenges for free funded accounts and a channel where traders post payouts. One critical reviewer pointed out that payout posts show only the traders who were paid. Community activity can be useful for learning and for getting answers quickly. It is not a substitute for the written terms, and an answer given on Discord carries less weight in a dispute than the terms of service. If you rely on a support answer to decide how to trade, keep a copy of it.
For affiliate or partnership inquiries and contact with management, the firm’s contact page is the route to use. The dashboard and login are on the firm’s site, and reviewers generally described the dashboard as clean and easy to use.
Strengths and trade-offs
The strengths are concrete and specific:
- Low entry prices. The $5K challenges cost between $40 and $60 at current discounts.
- Flexible two-step design. Equal 6% targets, a static 8% maximum loss, no minimum days and no time limit.
- No consistency rule on any listed program.
- Platform choice. MetaTrader 5, cTrader and Match-Trader.
- Fast payout options. On-demand or weekly payout availability depending on the program, with 48-hour processing reported by the firm.
The trade-offs are just as concrete:
- Short track record. A reported payout total near $3.5 million, ranked 44th of 50 firms that publish one, and self-reported.
- Polarized reviews. 263 of 406 Trustpilot reviews are one-star, mostly describing payouts denied under conduct rules.
- Conduct rules decide payouts. Group trading, martingale and minimum trade duration are the grounds reviewers cite. These rules are not reflected in the headline terms, and the group trading rule is hard for a trader to contest.
- Tight limits on some programs. The one-step needs more profit than it allows in losses. The instant account uses a trailing maximum loss with lower leverage.
- Unclear headline split. Up to 100% on each listed program, but listed as “Up to 100% / Up to 90%” elsewhere without configuration.
- Limited payout methods. Rise and crypto only.
- Regional restrictions, including all US residents.
Who FundedSquad may suit
FundedSquad’s two-step fits a trader who wants a low-cost evaluation without deadlines, trades at moderate position sizes and holds trades for longer than a couple of minutes. The equal targets and static drawdown reward steady risk management rather than speed. The absence of a consistency rule helps traders whose profits come in a few strong days.
It is a weaker fit for traders whose methods match the behaviors that triggered disputes in the reviews:
- scalpers who close trades within seconds
- traders who scale up after losses
- anyone trading copied signals or a shared community setup at the same time as other traders
It is also a poor fit for anyone who needs a long payout history before trusting a firm with time and effort, and it is unavailable to US residents and traders in the other restricted countries.
For a trader who does choose FundedSquad, the sensible way to limit exposure is to treat the challenge fee as the full amount at risk, start at the lowest size, and request an early, small payout to test the process before scaling up. Read the terms of service on duration, position sizing and trade similarity, and keep records of your trades and any support answers.
How we checked FundedSquad
We visited fundedsquad.com on 13 November 2026, connecting from Tallinn, Estonia. The home page opened normally. After scrolling to the footer, we opened the Terms of Service, Risk Disclosure, Partners, 1-Step Evaluation and Instant Funded pages, then the FAQs, contact, rewards and refund policy pages. On the home page and the 1-Step page we clicked the $10K, $25K, $50K and $100K account tabs to reveal each plan.
Prices were plain to see. The 1 Step Lite list ran from $89.00 for a $5K account to $1,299.00 for $200K. During our visit the home page also showed the $5K tier at $44.50 and the $10K tier at $69.50. That program listed an 8% profit target, a 3% daily loss limit and a 7% static drawdown. Clicking “BUY EVALUATION” took us straight to a checkout page with prices already listed. We did not meet a sign-up step before reaching it, but we stopped there and paid nothing.
The footer names two companies. Devionics Technology FZCO, at Dubai Silicon Oasis in the United Arab Emirates, is shown with License No. 46706. FundedSquad Ltd, registered in Saint Lucia, carries Company Number 2026-00549. Neither number belongs to a register we can query, so we ran no register check, and neither line names a financial regulator. A Risk Disclosure page is linked from the footer, yet we saw no risk warning in the page text we captured.
On Trustpilot, which we read on 13 November 2026, FundedSquad scored 1.9/5 from 407 reviews. About 65% were one-star and 26% five-star. The domain was registered on 2024-01-05, and the Wayback Machine’s first capture of the home page dates from 2024-08-15. Some claims remain the firm’s own word, including $4,037,892 in rewards paid and processing within 48 hours. We did not trade or request a payout, so we cannot confirm them.
Alternatives to consider
Traders drawn to FundedSquad for its instant account can compare other firms with no-evaluation funding on our list of instant funding prop firms. Those who want a forex two-step from a firm with a longer operating record might look at the FundingPips review or the FundedNext review. FundedNext reports one of the largest payout totals on our tracker, and one of the negative FundedSquad reviewers recommended FundingPips by name. For a broader comparison of programs, prices and payout terms, see our full list of prop trading firms.
Alternatives
| Provider | Score | Fee | Split | Payouts | |
|---|---|---|---|---|---|
| 8.1/10 | $596 | Up to 90% | 14 days from the first day of trading | Review | |
| 7.1/10 | $101 | 90% | up to 4 times per month, after every 5 winning trading days of $200 profit or more | Review | |
| 5.4/10 | — | — | — | Review |
FAQ
Is FundedSquad legit?
FundedSquad is an operating business run by Devionics Technology FZCO in the UAE. It sells challenges and reports about $3.5 million in total payouts, a figure it publishes itself. Whether it is reliable for a given trader is less clear. Most of its Trustpilot reviews are one-star, and they largely describe payouts denied under rules on group trading, martingale and trade duration. Some traders report being paid quickly and repeatedly, while others report rejected withdrawals they could not challenge.
Does FundedSquad offer futures accounts?
No futures program appears in the listed terms. FundedSquad lists forex and crypto as its instrument types, across MetaTrader 5, cTrader and Match-Trader. Traders who want futures need a firm that offers CME products.
Can US traders use FundedSquad?
No. The United States is on the firm's restricted countries list, along with North Korea, Iran, Libya, Somalia, South Sudan, Sudan, Syria and Yemen.
What is the Instant Lite lot size limit?
The listed terms for Instant Lite cover a 3% daily loss limit, a 6% trailing maximum loss, five minimum trading days and 1:50 leverage, but they do not include a maximum lot size. With 1:50 leverage, the margin available on a $5K account caps position size, and the loss limits cap how much risk you can take in practice. Any explicit lot size cap would be set out in the program's terms on the firm's site.
Is there a FundedSquad coupon code?
The challenges currently carry a 50% flash discount, which brings the $5K 2 Step Lite to $40, the 1 Step Lite to $45 and the Instant Lite to $60. Codes mentioned in older reviews, such as a 35% New Year code, were time-limited promotions and should not be expected to work now.