FAQ

To begin your journey with SiegFund:

Start by registering on our website to create your account. Once you're signed up, you can choose between a Free Trial for practice and learning or an Evaluation Program to qualify for funding.

We recommend starting with the Free Trial, especially if you're new or want to practice and get comfortable with the platform. The Free Trial gives you the chance to test your trading strategies without any financial commitment. During the trial, you will also have the opportunity to explore some of our trading applications and receive a performance analysis to help you improve. You can retake the Free Trial as many times as needed to ensure you are fully prepared before moving on to the next step.

Once you feel ready, you can move on to the Evaluation Program, where your trading skills will be assessed to determine if you're eligible for funding. Please note that performance in the Free Trial or any external track records won’t count toward your qualification. Our Evaluation Program is specifically designed to ensure you meet the criteria for managing a funded account.

Learn more about our programs and how to get started here.

SiegFund is an educational platform that provides prop trading services. We established the Talent Trader Spotting Program to recruit profitable traders from around the world. Additionally, we are dedicated to growth with our traders, which is why we created Sieg Academy and open up career-elevating opportunities.

We understand that payouts are the most concerning aspect of this business. Therefore, we partnered with a private equity firm to ensure genuine trading capital. Additionally, we partnered with industry-leading brokers to ensure that traders' orders are executed in real market conditions, enabling authentic profits.

To become a Sieg Certified Trader:

Fulfill the trading objectives:

• Daily Loss Limit and Max Drawdown: Stay within specified limits.

• Profit Target: Achieve the required profit.

• Consistency Rule: Meet the consistency criteria.

• Avoid prohibited strategies. View details on prohibited strategies here.

Complete the KYC process.

Processing to the next stage typically takes a few business days.

• 1 Step Express:
  • Achieve 8% balance growth within 180 days.
  • Complete a minimum of 3 trading days with a daily profit target between 0.3% and 1%.
    

• 2 Step Standard Phase 1:
  • Achieve 10% balance growth within 180 days.
  • Complete a minimum of 4 trading days with a daily profit target between 0.3% and 1%.
• 2 Step Standard Phase 2:
  • Achieve 5% balance growth within 180 days.
  • Complete a minimum of 2 trading days with a daily profit target between 0.3% and 1%.

Please refer to the table below for detailed requirements.

Our risk management technology is currently integrated with several trading platforms. These platforms, along with pricing and execution, are provided by our broker. You can trade on Webtrader (MT4), MT4, and MT5.

Please find download links here.

You can trade any products offered by the Broker. This includes FX pairs, CFD Indices, Metals, and Stocks. You can find the Symbol list here.

For more detailed spread, contract, leverage information, please check here.

In the forex trading market, a trader's costs typically include the spread and transaction fees, collected by brokers as operational service charges. While our competitors charge $3–7 per lot, SiegFund does not charge any fees for placing an order.

To purchase an evaluation account, you must be at least 18 years old or meet the minimum legal age requirement in your country.

Subject to compliance with relevant laws and regulations, traders from any country, except those restricted by OFAC, are eligible to participate in our program.

Upon purchasing an Evaluation, you will gain access to a trader dashboard where you can monitor your Evaluation and Live Accounts. The dashboard updates every time metrics are calculated, approximately every 60 seconds. It is your responsibility to keep track of your breach levels.

We offer risk management software synchronized with the accounts we create, allowing us to analyze your performance in real time for accomplishments or rule violations. Therefore, it is essential to use the account we provide.

Trading hours are determined by the broker and are beyond our control. To view the trading hours for each product, right-click on any product in the Market Watch window of the platform and select 'Specifications' from the dropdown menu.

Please note that holidays may affect the available trading hours.

Additionally, in line with the 'no holding trades over the weekend' policy, all open trades are closed at 23:50 GMT+2 (Standard Time) or GMT+3 (Daylight Saving Time) on Fridays.

SiegFund began in Australia in 2016, operating out of a small office in Sydney. Initially, a group of ambitious young day traders came together with a shared vision: to build trading into a sustainable, long-term career. As their trading careers evolved, they gained access to advanced trading systems, sparking innovative ideas about money management and risk mitigation. This collaborative environment encouraged the team to share and refine their skills in these critical areas of trading.

With the onset of the pandemic in 2020, our expertise across diverse financial sectors enabled us to develop innovative methods and skills aimed at insulating profit-seeking traders from market uncertainties. We offer professional and funding support to empower traders, helping to stabilize and amplify a wide range of trading strategies, resulting in consistent and reliable profits. The market has continually validated the effectiveness of this approach.

By 2024, SiegFund officially entered the retail markets, setting our sights on expanding our trader base. While this endeavor demands additional resources and strategic focus, we are confident it will contribute to growing our trader pool and reducing overall risk through diversified trading strategies.

We invite you to join us on this exciting journey as we shape the future of trading together.

SiegFund operates from Rm 1902-05, Dah Sing Financial Center, Wan Chai, HKSAR, with registration number 65938113, and has a representative office at Level 2, 673 Bourke St, Melbourne, VIC 3000.

A soft breach occurs when trades violate a rule, and as a result, all such trades will be closed. However, you may continue trading in your Evaluation or Live Account.

A hard breach occurs when you violate either the Daily Loss Limit or the Maximum Trailing Drawdown rule, as both constitute a hard breach. If a hard breach happens, you will fail the Evaluation or lose your Live Account.

No, only one discount can be applied per usage. If you have multiple discount codes or offers available, the system will automatically apply the highest discount to ensure you get the best deal.

Stop-loss is not mandatory on 5K to 100K accounts.

For accounts of 200K and 400K, placing stop-loss orders becomes mandatory to ensure effective risk management, positions opened without stop-loss would be considered a soft breach, such trade will be closed. While it is strongly recommended for all accounts, for these higher-tier accounts, the use of stop-loss orders is a requirement to protect against large drawdowns and minimize potential losses in volatile markets.

Yes, if you do not place a trade within 14 days of purchasing an account, your account will be considered inactive and subsequently closed. Please note that clicking the purchase button on the checkout page essentially acts as the starting gun.

No, overnight positions are allowed. However, risk management is advised.

Positions can only be held over the weekend on the 2 Step Flex account. Please ensure you follow the rules for these types of accounts.

The following trading styles are allowed:

• All In

• Martingale

• Scalping

Please note that hedging and group trading are not allowed.

Hedging: Open both long(buy) and short(sell) positions on the same asset simultaneously between diffrent accounts or different users. Engaging insuch practices will result in a hard breach of your account.

Group Trading: Multiple accounts executing identical trades or mirroring each other's trading records, is strictly prohibited. This practice undermines market integrity and skews performance metrics. All traders must operate their accounts independently, ensuring that each trading strategy and record is unique to the individual account holder.

We advise you to manage risk carefully when using these strategies, as they may expose your account to higher risks.

At SiegFund, we are excited to announce that news trading is fully permitted within our evaluation parameters. We recognize the potential of news events to drive significant market movements and encourage our traders to capitalize on volatility.

At SiegFund, we allow and encourage the use of Expert Advisors (EA) and high-frequency trading. We believe in empowering our traders to utilize legitimate methods to seize opportunities and profit from the market. This is a significant advantage, as many of our competitors do not permit such strategies.

You are expressly prohibited from using the Services to violate any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national, or international, or to violate the rights of a third-party, including, but not limited to intellectual property rights, privacy rights, rights of publicity, or other personal or proprietary rights.

Additionally, you are expressly prohibited from scraping, crawling, framing, posting unauthorized links to, aggregating, hacking, performing denial of service (DOS) attacks on, reverse engineering, or circumventing technological protection measures of the Services or the Company website.

You are also prohibited from using the Services or the Company website to transmit unsolicited commercial emails to third parties or Traders of the Company. While The Company is not responsible for any such content posted by its Traders and does not have the affirmative obligations to monitor such content, it does reserve the right to remove them.

You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the broker(s) (“Broker”) it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:

• Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker;
• Using any trading strategy intended to exploit or create errors in the Services such as errors in the display of prices or delay in their updates;
• Trading excessive or unrealistic number of contracts in the day;
• Performing trades using an external or slow Data feed;
• Engaging in trades or combinations of trades, either individually or in collaboration with others, including through connected accounts or accounts held with different SiegFund users, with the intent to manipulate, abuse, or gain an unfair advantage while using the Site or Services. This includes, but is not limited to, simultaneously entering into opposite positions;
• In collaboration with others, including through unconnected accounts and third parties, engaging in the same trading strategy (e.g., executing identical trades at the same time intervals), opposite strategies, or other activities intended to pool or hedge the risk of the aggregate, unconnected accounts;
• Utilizing one strategy to pass an evaluation and then utilizing a different strategy in a funded account;
• Using any tools or methods that could negatively impact the operation of the Site and Services, or that are intended to exploit any errors, bugs, or other deficiencies in the Site and Services;
• Trading on behalf of others, including but not limited to sharing any incentives as part of a business arrangement;
• or engaging in other conduct which, at the sole discretion of SiegFund, represents uncommercial activity, is intended to game the market, or otherwise is not a viable trading strategy;

• Holding a Single Share Equity CFD position into an earnings release pertaining to that underlying equity.  To avoid being in breach of this rule, you must close all such Single Share Equity CFD positions by 3:50 pm Eastern Time on the day of the release, if an aftermarket release, or on the preceding day, if a before market open release.  Violation of this rule will constitute an immediate, hard breach of your account and any gain or loss on said position will be removed from any profit calculations;
• Entering into an Equity CFD at or near the end of the trading day with intent of profiting from the marketing gap between when the market closes and reopens on the subsequent trading day, as determined by SiegFund in its sole and absolute discretion;

If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.

Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.  

‍

We offer leverage of up to 1:30. For forex pairs, the leverage is 1:30; for metals and energies it is 1:10; for indices 1:15; and for stocks 1:10.

The consistency rule ensures traders maintain steady performance over designated trading days without relying on large singular trades to meet a profit target. It applies as follows:

Consistency Target:

$5K to $10K Accounts: 0.3% of initial balance

$20K to $100K Accounts: 0.5% of initial balance

$200K to $400K Accounts: 1% of initial balance

1 Step Express:

Achieve the Consistency Target for at least 3 days

Traders must achieve profitability within the specified number of days and meet the daily profit requirement for their account size

$102,000 --> $101,850 (3% Daily Loss Limit)

The maximum trailing drawdown is initially set at 6% of your account's starting balance and adjust upward as your account balance increases, trailing the high water mark of closed balance. the trailing maximum drawdown remains in effect until you reach the 8% profit target.

Example 1: If your starting balance is $100,000, you can drawdown to $94,000 before violating the Maximum Trailing Drawdown rule.

Example 2: If your account balance increases to $102,000 in closed balance, this becomes your new high-water mark.

Maximum Trailing Drawdown = $102,000 x 6% = $6,120

Maximum Trailing Drawdown level would be $102,000 - $6,120 = $95,880.

Example 3: If your account balance reaches or exceeds $108,000 in closed balance, you have achieved the profit target—congratulations! You can now move to the next stage, and the Max Trailing Drawdown will no longer apply.

Example 4: If your live account increases to $109,000 in closed balance, the Maximum Trailing Drawdown will be locked at your starting balance of $100,000. As long as you do not exceed the daily loss limit of 3%, you can continue to trade indefinitely.

We offer leverage of up to 1:100. For forex pairs, the leverage is 1:100; for metals and energies it is 1:30; for indices 1:50; and for stocks 1:10.

The consistency rule ensures traders maintain steady performance over designated trading days without relying on large singular trades to meet a profit target. It applies as follows:

Consistency Target:

$5K to $10K Accounts: 0.3% of initial balance

$20K to $100K Accounts: 0.5% of initial balance

$200K to $400K Accounts: 1% of initial balance

2 Step Evaluation:

Phase 1: Achieve the consistency target for at least 4 days

Phase 2: Achieve the consistency target for at least 2 days

Traders must achieve profitability within the specified number of days and meet the daily profit requirement for their account size

The Daily Loss Limit is the maximum amount your account can lose in a single day. It is calculated using the balance from the previous day, which resets at 00:00 server time, which is GMT+2 or GMT+3. Unlike other firms, we base our calculations solely on the previous day’s balance, not equity. This balance-only model allows you to maximize your gains without risking your account. The daily stop adjusts as your balance increases.

Example 1:
If your balance at the end of the previous day (23:50 GMT+2 or GMT+3) was $100,000, your account would exceed the Daily Loss Limit if your equity dropped to $95,000 during the day.

Example 2:
If your floating equity is +$6,000 on a $100,000 account, your maximum loss for the new day (23:50 GMT+2 or GMT+3) is still based on the previous day’s balance of $100,000. Therefore, your Daily Loss Limit remains at $95,000.

Example 3:
If you make a $5,000 profit on a $100,000 account, your maximum daily loss for the new day (23:50 GMT+2 or GMT+3) will be based on the updated balance of $105,000 from the previous day. Consequently, your Daily Loss Limit would be $99,750.

Maximum drawdown is the largest loss your account can sustain before breaching its limit. When you open an account, the maximum drawdown is set at 10% of your starting balance. This 10% is static and does not adjust as your account balance increases.

Example 1:
If your starting balance is $100,000, the maximum amount you can lose is $10,000. This means that if your balance falls to $90,000 or less, you will have violated the maximum drawdown rule.

Example 2:
If you increase your account balance to $105,000, the maximum drawdown level remains at $90,000. However, you must also adhere to the daily drawdown limit of 5%, which, in this case, is $99,750. Breaching this daily limit will result in losing the account.

Evaluation Account: This account uses demo initial balance, meaning there is no real money at stake. It is primarily for testing and evaluating your trading skills.

Authorized Live Account: This account trades in real market conditions with real money at stake, and you can withdraw your profits. There is no consistency rule or profit target. After your first payout, the max drawdown is locked to your initial balance, which means you cannot lose more than what you started with after the first payout.

After successfully passing the Evaluation, you will receive an email with instructions on how to access and complete your Trader Agreement. Once the agreement is finalized and all required supporting documentation is submitted, your Authorized Live Account will be created, funded, and issued to you within 24–48 business hours.

Payouts are subject to tax regulations, and it is solely the trader's responsibility to handle any applicable taxes. You will be classified as an independent contractor for tax purposes, and taxes will be deducted from your payout amount.

Max Trailing Drawdown:

After your first payout, the maximum drawdown will be locked to your initial balance, meaning your maximum allowable loss will be the amount you started with.

Example: You take an account from $100,000 to $120,000 and request a withdrawal of $16,000.  This withdrawal would reduce the account balance to $104,000, and your maximum trailing drawdown would be locked at $100,000. As a result, you would have a maximum potential loss of $4,000 on the account before violating the maximum trailing drawdown rule.

• You can request your first payout at any time.
• The minimum withrawal amount is $100.
• Payouts are processed every 14 days thereafter.
• Payouts are typically completed within 24-48 business hours, with an average processing time of 3 hours.
• Instant refund is available for your order.
• Payout Methods: Crypto (TRC20 or ERC20), Skrill, PayPal, and bank transfers.

After successfully completing the evaluation and passing the KYC verification process, your trading activities will be reviewed by our compliance team. Once your qualification is confirmed, we will activate your live trading account.

For first-time participants, the evaluation purchase fee will be credited to your wallet, allowing you to request a payout at your convenience. For returning clients, the purchase fee will be credited to your live account balance, which can be withdrawn along with any profits.

At SiegFund, participants have the opportunity to manage multiple evaluation accounts to achieve their trading targets. Upon successfully reaching these targets, a live account will be allocated.

However, ccount merging is not possible. Each account operates separately, and merging would violate the platform’s policies.

Traders can request a withdrawal of gains from their Authorized Live Account at any time via their trader dashboard. However, withdrawals are limited to once every fourteen (14) days. If you have made gains in your Authorized Live Account, you can submit a withdrawal request.

To withdraw gains, click the 'Withdrawal' button in your trader dashboard and enter the desired amount. Once your withdrawal request is approved, we will process the payment through your selected method.

If you have made profits in your Authorized Live Account at the time of a hard breach, you will not be eligible to receive your share of those profits.

For example, suppose you have a $100,000 account and successfully increase it to $110,000. If a hard breach occurs and your account is closed, you will not qualify to receive your profit share.

The rules for the Authorized Live Account are similar to those for your Evaluation Account. However, the Authorized Live Account does not have an equity growth target.

We reserve the right to limit the number of open positions you can hold in the Live Account at any time. Additionally, we may adjust the drawdown levels at which trading in the Live Account will be halted, depending on market conditions. Either we or the broker may decline any order.

To manage risk and reduce transaction costs, we may act as the direct counterparty in certain trades initiated in your Account. These trades are executed at prices provided by the Broker. This approach ensures that you receive real market execution for your trades, while allowing us to dynamically manage risk by routing existing positions or future orders to third parties for execution, as deemed appropriate.

We believe that executing trades in simulated accounts does not provide the same level of real market execution or cost-effectiveness. Regardless of whether we act as the counterparty to your trades, the calculation of gains or losses on your Live Account remains unchanged. However, acting as the counterparty introduces a potential conflict of interest, as your trades do not result in a net gain or loss for us, unlike scenarios where we are not the direct counterparty.

No. We maintain a separate relationship with the Broker. The Broker provides all market pricing and trade executions, which we do not alter or modify. Moreover, we do not increase transaction costs set by the Broker by adjusting bid-offer spreads, markups/markdowns, commission charges, or swaps.

Yes, repurchases do count toward your affiliate commissions. Any successful repurchase orders generated through your referral will be included in your commission calculation.

You can request to become an affiliate directly through the Client Dashboard. Once your request is submitted, we will update your status within 24 hours.

The Sieg Affiliate Program calculates commissions based on the number of successful purchase orders you generate, offering up to a 21% profit split across four tiers. To earn the maximum 21% commission, you need to refer 500 traders. Here's a breakdown of the tiers:

Bronze: 12% commission per evaluation for referring 49 traders.

Silver: 15% commission per evaluation for referring 199 traders.

Gold: 18% commission per evaluation for referring 499 traders.

Platinum: 21% commission per evaluation for referring 500 traders.

Additionally, commissions are recurring, meaning you can earn for every referral as long as they remain active. The program offers various payout methods, including PayPal, Skrill, crypto, and bank wire. The minimum withdrawal amount is $100 to ensure seamless payment processing.