FAQ

Once you request a payout, we will promptly review your trading history and account status. Under normal circumstances, payouts are processed within 24-48 hours. However, the average processing time is just 3 hours. Please note that if you request a payout on Friday or during a public holiday, processing will begin on the next business day.

Upon successfully completing the evaluation, participants are required to complete the Know Your Customer (KYC) verification process, accessible via the dashboard. Simultaneously, our compliance team will carefully review your trading activities to ensure adherence to our established standards and verify the absence of any breaches of soft rules.

Once your trading 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. Please note that this refund is applicable only to the initial transaction. For returning clients, the purchase fee will be credited to your live account balance, which can be withdrawn along with any accumulated profits at your discretion.

Kindly note that after a profit withdrawal or refund is processed, the maximum drawdown will be permanently set to the starting balance.

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.

It is important to employ unique trading strategies for each evaluation account, as the use of identical strategies across accounts may be considered a soft breach of our compliance policies. In such cases, the SiegFund Compliance Team will conduct a comprehensive review and reserve the right to determine the number of live accounts to be issued. This may result in limiting participants to a single live account, particularly if repetitive strategies play a significant role in meeting the targets.

When trading a Live Account with our firm, you will be classified as an independent contractor. This means it will be your responsibility to manage and settle any tax obligations arising from your profits.

Your first withdrawal can be requested at any time. After that, you may request withdrawals of the profits in your account every 14 days. When a withdrawal is approved, we will deduct our share of the profits, and your maximum trailing drawdown will be locked at your starting balance. The trailing drawdown does not reset when you request a withdrawal.

Example: You take an account from $100,000 to $120,000 and request a withdrawal of $16,000. In this case, you would receive $12,800, and we would retain $3,200. 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.

If you fully withdraw the profits in your live account, the maximum trailing drawdown will remain locked at the starting balance. Consequently, this would result in the forfeiture of your live account, as your balance would trigger a breach of the maximum trailing drawdown rule.

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.

Once you pass the Evaluation, we will provide you with a live account supported by Sieg Capital. Please note that the capital in your Authorized Live Account is notional and may not correspond to the actual capital deposited with the Broker.

The Authorized Live Account does not alter the trading level or how the account operates. All conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Maximum Trailing Drawdown, stop loss, and position limits remain in effect.

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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.