DNA Funded Review

DNA Funded Challenge Accounts

DNA Funded is planning to offer three main challenge types all with an 80% profit split – the Single Helix, Double Helix, and Pro Challenge accounts.

• Single Helix – 1 Step Challenge: Account sizes range from $5,000 to $200,000 with fees starting at $49 for a $5K account and going up to $1,099 for a $200K account.
• Double Helix – 2 Step Challenge: Account sizes also range from $5,000 to $200,000, with fees starting at $39 for a $5K account and going up to $979 for a $200K account.
• Pro Challenge – 1 Step Challenge: Account sizes range from $10,000 to $100,000, with fees starting at $89 for a $10K account and going up to $499 for a $100K account.

It’s important to note that this prop firm hasn’t launched yet, so the details provided are subject to change as the launch gets closer.

Important Reminder: DNA Funded has not officially launched yet, so all information is subject to updates.

1. Single Helix Challenge

The Single Helix challenge will offer account sizes ranging from $5,000 to $200,000 and provide a straightforward path to funding. This one-step challenge will require traders to hit a 10% profit target, with a maximum daily drawdown of 5% and a total drawdown limit of 10%.

Traders have unlimited trading days, which allows for a more relaxed pace, perfect for those focusing on consistency and long-term strategies like swing or position trading.

Key Details 

• Profit Target: Profit Target: 10%
• Max Daily Drawdown: 5%
• Max Total Loss: 10%
• Trading Days: Unlimited
• Suited For: Traders who prefer a simple, one-step challenge with no time pressure. This challenge will suit long-term trading strategies like swing trading or position trading.

2. Double Helix Challenge

For traders who want more structure, the Double Helix Challenge will involve a two-step process. Account sizes for this challenge will also range from $5,000 to $200,000. Phase 1 requires traders to hit a 10% profit target with a 6% daily drawdown limit, while Phase 2 has a lower 5% target. Like the Single Helix, this challenge has no time restrictions, which provides added flexibility for traders to manage their trades responsibly.

Key Details

• Phase 1 Profit Target: 10%
• Phase 2 Profit Target: 5%
• Max Daily Drawdown: 6% (Phase 1), 5% (Phase 2)
• Max Total Drawdown: 10%
• Trading Days: Unlimited
• Suited For: Prop traders with a disciplined, systematic approach who prefer gradual growth, making it ideal for those using day trading or trend-following strategies.

3. Pro Challenge

The Pro Challenge is designed for more experienced traders who are confident in their ability to hit a 5% profit target within a tighter time frame. Unlike the their other challenges, account sizes will range from 10K to 100K and must be completed within 10 calendar days. It also has stricter drawdown rules, with a 4% daily drawdown and a 5% total loss limit. Crypto trading is not allowed in this challenge, and the presence of a trailing drawdown makes it more suited for advanced traders who can manage risk closely.

Key Details

• Profit Target: 5%
• Max Daily Drawdown: 4%
• Max Total Drawdown: 5%
• Maximum Active Trading Days: 10 calendar days
• Suited For: Skilled traders who are confident in their ability to achieve results in a short period, making it ideal for high-frequency traders and scalpers.

Trading Rules

DNA Funded will enforce certain trading rules to ensure fairness and disciplined trading across all challenge types. Here’s a breakdown of the key rules that apply:

• Automated Trading Allowed: Expert Advisors  (EAs) are allowed across all challenges, meaning traders can automate their strategies as long as they own the source code. This is a useful feature for traders who rely on algorithmic trading.
• Restricted Copy Trading: Copy trading will only be permitted between a trader’s own accounts. This rule ensures that traders aren’t simply mirroring others’ trades from social trading platforms.
• News Trading Allowed: News trading will be allowed, but with restrictions. Traders must avoid opening or closing positions 10 minutes before or after high-impact news events, which is standard practice for managing volatility risks.
• Weekend Trading Allowed: Traders will be permitted to hold positions over weekends, which can benefit those using longer-term strategies.

These rules offer a balanced level of flexibility while encouraging responsible trading practices, making the challenges accessible to both manual and automated trading styles.

Scaling Plans

Details on DNA Funded’s scaling plan are still to be confirmed, but it’s expected that traders who meet certain profit milestones will have the opportunity to scale their account size. This feature will likely appeal to traders looking for long-term growth opportunities, allowing them to increase their capital as they prove their consistency and profitability.

Verdict on DNA Funded Accounts

While DNA Funded is still in its pre-launch phase, the initial information suggests a promising set of challenge options that cater to a range of traders. The flexibility in the Single and Double Helix challenges, combined with the high-pressure Pro Challenge, offers something for everyone, from swing traders to scalpers. With EAs and weekend trading allowed, there’s room for a variety of strategies.

As more details emerge closer to launch, we’ll update this section to reflect the latest information, but for now, DNA Funded looks like it will be a solid addition to the prop trading space.

DNA Funded Commission Fees and Pricing

DNA Funded has partnered with Eightcap, a popular ASIC regulated forex broker, to provide tight spreads and competitive trading conditions.

Eightcap is known for offering some of the lowest spreads in the market, starting from as low as 0 pips for major forex pairs like EUR/USD.

In addition to the low spreads, DNA Funded’s commission structure is competitive. Traders are charged $5 per entry, which equates to $2.50 per side, making it a cost-effective choice for high-frequency traders and those trading larger volumes.

Here’s a table of typical spreads on popular forex pairs:

Verdict Commissions and Pricing

The low spreads and straightforward $5 commission per entry provide a cost-effective trading environment for DNA Funded users. Partnering with Eightcap also means forex spreads are very competitive.

Financial Markets and Leverage

DNA Funded has confirmed a solid range of available markets, including major, minor, and exotic forex pairs, commodities, indices, stocks, and cryptocurrencies – this is one some of the best market access we’ve seen from a prop firm.

It’s important to note that cryptocurrency trading is not permitted in the Pro Challenge, but it is available for the Single Helix and Double Helix challenges.

As for leverage, DNA Funded has shared initial leverage details for forex trading across its challenges:

These leverage levels provide a balance between allowing flexibility in position sizing while maintaining a level of risk control. The higher leverage for the Double Helix challenge suggests it might appeal to traders looking for more aggressive short-term strategies, while the Single Helix and Pro Challenge are more conservative with a 1:30 leverage limit.

Verdict on Financial Markets and Leverage

DNA Funded provides access to a wide range of markets, including forex, commodities, indices, stocks, and cryptocurrencies (with some restrictions in the Pro Challenge). The forex leverage for the Single Helix and Pro Challenge accounts is 1:30, which is in line with standard offerings from ASIC-regulated brokers. The higher 1:50 leverage for the Double Helix challenge may attract traders who prefer more flexibility in their trading strategies.

Trading Platforms

DNA Funded offers traders two platform choices: DXtrade or TradeLocker integrated with TradingView.

Both platforms provide distinct features tailored to different trading styles, though we recommend TradeLocker due to its better functionality and ease of use.

TradeLocker + TradingView

TradeLocker is a modern, web-based platform that integrates with TradingView, offering traders advanced charting tools and access to hundreds of customizable indicators.

This platform is particularly beneficial for traders who rely on technical analysis, as it allows for on-chart trading and seamless execution with its one-click trade feature.

One of TradeLocker’s standout features is its user-friendly interface, which allows traders to manage risk effectively with built-in tools like stop-loss and take-profit calculators.

Its consistent performance across desktop and mobile devices ensures that traders can stay connected and act swiftly on market opportunities from anywhere.

However, it does not currently support Expert Advisors (EAs), which may limit traders who prefer automated strategies​.

Given its intuitive interface, solid charting capabilities, and smooth mobile experience, we recommend using TradeLocker for DNA Funded traders. It is better suited for manual traders looking for an efficient and reliable platform.

DXtrade

DXtrade is another option available for DNA Funded users, designed for more both beginner traders.

It provides a customizable interface and advanced risk management tools, and you can switch between desktop and mobile trading.

However, during our testing, we encountered some connectivity issues and delays in execution, which can be problematic, especially in fast-moving markets.

While DXtrade does offer some automation features, including the use of Expert Advisors, its performance inconsistencies make it less reliable compared to TradeLocker​.

Due to these issues, we recommend opting for TradeLocker for a more stable and user-friendly trading experience.

Verdict on Trading Platforms

TradeLocker offers better user-friendliness, advanced charting, and more reliable performance, making it the preferable option for most DNA Funded traders. DXtrade, while flexible, has had connectivity issues that may hinder fast execution. We recommend TradeLocker for a smoother trading experience.

Payments and Profit Payout

DNA Funded is still to confirm the finer details the payment methods and payout process for its users, but we know the basics.

Traders can expect profit payouts every 14 days, with an 80% profit split across all challenge types. This regular payout schedule is competitive compared to other prop firms, allowing traders consistent access to their earnings.

Payment Methods for Challenge Fees

DNA Funded accepts cryptocurrency and bank transfers for paying challenge fees. There is a 1% transaction fee for crypto payments and a flat $50 fee for bank transfers. These payment methods provide flexibility, especially for traders who prefer using digital currencies.

Payout Policy and Profit Withdrawals

Traders will receive profit payouts every 14 days, with an 80% profit split. We still don’t have all the details surrounding the prop firms payout processes yet, but it’s important to note that refunds are not offered after the fourth withdrawal.

Verdict on Payments and Profit Shares

The 14-day payout cycle and 80% profit split are solid features for traders seeking frequent access to earnings. With flexible payment methods including cryptocurrency and bank transfers, its looking like DNA Funded will offer a straightforward and efficient process for managing fees and withdrawals.

Customer Service and Education

As DNA Funded prepares for launch, the details regarding customer support and educational resources are still limited. It appears the prop firm will offer basic customer service through email to begin with. We expect this to expand as the prop firm develops.

Customer Support

DNA Funded’s primary support channel will be through email (support@dnafunded.com), and we anticipate they will eventually introduce additional support options, such as live chat or phone support.

Educational Resources

Initially, DNA Funded will provide a light range of educational resources, likely starting with a FAQ section. We expect this will grow over time to include more comprehensive trading guides, webinars, and tutorials.

Verdict on Customer Service and Education

With limited details at this point, it’s hard to give a full assessment. The initial offerings appear to be standard for a new prop firm, but as the firm develops, we expect the range of educational resources and customer support channels to expand.

Trust and Community

DNA Funded is a new prop trading firm, but being backed by DNA Markets and using Eightcap as their liquidity provider adds a layer of trust. Eightcap is a well-regulated forex broker, known for offering tight spreads and reliable execution, which strengthens DNA Funded’s credibility within the industry.

DNA Funded TrustPilot Reviews

As DNA Funded hasn’t launched yet, there are no reviews available. However, their liquidity provider, Eightcap, has a solid reputation in the forex space, with a TrustPilot rating of 4.2 out of 5 stars. This rating reflects the high level of service and reliability traders can expect from DNA Funded, given their choice of Eightcap as a key partner.

Trading Community

DNA Funded is beginning to establish its trading community, starting with a Discord server that features various channels for discussion, support, and trader education.

As of now, they have not yet launched their social media presence on platforms like Twitter, Facebook, and LinkedIn, but it’s expected that these will follow once the firm is officially live.

Verdict on Trust and Community 

While DNA Funded is still finalising things, the focus on building a strong community via Discord is promising. The backing of reputable partners like DNA Markets and Eightcap also provides a sense of trust, though more will be revealed as they roll out their full social media presence and gain trader feedback.

How to Sign Up with DNA Funded

The exact sign-up process has not yet been fully detailed, but prospective traders can anticipate a simple and straightforward online registration and account selection process once DNA Funded officially launches.

In the meantime, you can visit their website and sign up for their newsletter to receive exclusive updates, including launch promos and other important announcements. This ensures you’ll be among the first to know when DNA Funded goes live and can take advantage of early offers.

More information will be provided closer to the official launch. Once DNA Funded is live, we will thoroughly test their sign up process and prop trading challenges to give you a full review.

Stay tuned, as we’ll update this section with detailed insights as soon as we get more information and first-hand experience.

Final Verdict on DNA Funded 

DNA Funded is shaping up to be an exciting new prop trading firm, backed by the established DNA Markets and partnered with Eightcap as their liquidity provider, which adds credibility and the promise of tight spreads for traders. While still in its pre-launch phase, the early information suggests that DNA Funded will offer a solid range of challenge options, competitive profit splits, and flexible trading rules, making it a potentially appealing option for both new and experienced prop traders.

The combination of various challenge account types (Single Helix, Double Helix, and Pro Challenge), 80% profit splits, and scaling opportunities shows that DNA Funded is aiming to provide traders with a comprehensive pathway to long-term growth. However, key details such as fees, trading platforms, and full market offerings remain to be confirmed, which means it’s still too early to give a complete verdict.

We will continue to monitor DNA Funded closely and provide updates as more information is revealed. For now, the outlook is promising, but we’ll need to see the full offering once it officially launches to give a comprehensive assessment.