Direct Funded Trader is a rapidly growing proprietary trading firm known for its innovative approach to funding traders. With unique funding programs, flexible rules, and generous profit splits, it stands out as a top choice for novice and experienced forex traders. One of the most appealing aspects of Direct Funded Trader is the opportunity to get a 20% discount on their funding programs using the discount code “INVEST.” This guide will explore everything you need to know about Direct Funded Trader, from their funding programs to how to make the most of this discount.
What is Direct Funded Trader?
Direct Funded Trader, established on February 28, 2023, is headquartered in Dubai, United Arab Emirates. The firm offers traders the opportunity to manage accounts as large as $200,000 with up to an 80% profit split. By focusing on realistic trading objectives and providing diverse funding options, Direct Funded Trader caters to a wide range of trading styles. Their primary broker partnership with Blueberry Markets allows traders to engage in various markets, including forex pairs, commodities, indices, and cryptocurrencies.
Funding Program Options
Direct Funded Trader offers two main funding programs: the Evaluation Program and the Fast Funding Program. These programs are designed to accommodate different trader needs and preferences.
Evaluation Program
The Evaluation Program is a two-step process aimed at identifying skilled traders. It requires traders to pass two phases, demonstrating their trading capabilities.
- Phase One: Traders must achieve an 8% profit target without exceeding a 5% maximum daily loss or a 10% overall loss. A minimum of five trading days is mandatory, but there are no limits on maximum trading days.
- Phase Two: This phase requires a 5% profit target with the same loss rules as in phase one. Upon completing both phases, traders receive a funded account with no further profit targets but must adhere to the 5% maximum daily loss and 10% overall loss rules.
Successful traders receive their first payout 30 days after their first trade on the funded account, with an 80% profit split and a 150% refund on the registration fee. Withdrawals are bi-weekly thereafter.
Fast Funding Program
The Fast Funding Program offers a more direct path to funding with two types of accounts: Standard Fast Funding and Aggressive Fast Funding.
- Standard Fast Funding: This single-phase program offers leverage of 1:50 and requires a 10% profit target, a 4% maximum daily loss, and a 7% overall loss. Weekend trading is not allowed.
- Aggressive Fast Funding: Designed for traders who prefer a bolder approach, this option offers leverage of 1:30 and permits weekend trading. It shares the same profit and loss rules as the Standard account.
Both Fast Funding accounts offer an 80% profit split and bi-weekly payouts, with the opportunity to scale up to $1,000,000 based on performance.
Why Choose Direct Funded Trader?
Direct Funded Trader stands out among proprietary trading firms due to several unique features:
- Flexible Funding Programs: With both two-step and one-step funding options, traders can choose the path that best suits their trading style.
- Generous Profit Splits: An 80% profit split provides substantial earnings potential for successful traders.
- Diverse Trading Instruments: From forex pairs to commodities and cryptocurrencies, traders have access to a wide range of markets.
- Realistic Profit Targets: The firm’s achievable profit targets make it easier for traders to meet their objectives and progress through the funding programs.
How to Use the Discount Code “INVEST”?
Direct Funded Trader offers a 20% discount on their funding programs when you use the discount code “INVEST.” Here’s how you can take advantage of this offer:
1. Sign Up: Visit the Direct Funded Trader website and sign up for an account.
2. Choose Your Program: Select the funding program that best fits your trading style—either the Evaluation or Fast Funding program.
3. Enter the Discount Code: During the checkout process, enter the code “INVEST” to apply the 20% discount.
4. Complete Payment: Finalize your payment details, and you’re ready to start your trading journey at a reduced cost.
Trading Instruments and Leverage
Direct Funded Trader provides access to various trading instruments, allowing traders to explore different markets:
- Forex Pairs: Major, minor, and exotic currency pairs are available, including popular pairs like EUR/USD, GBP/USD, and USD/JPY.
- Commodities: Trade precious metals, energy commodities, and other materials such as Gold, Silver, and Oil.
- Indices: Access major global indices like the GER30, NAS100, and DJ30.
- Cryptocurrencies: Engage in trading popular digital currencies like Bitcoin, Ethereum, and Litecoin.
Leverage varies by funding program, with up to 1:100 available for the Evaluation Program and more conservative leverage options for Fast Funding.
Trading Fees
Direct Funded Trader charges a commission of $7 per lot traded across all asset classes, including forex, commodities, indices, and cryptocurrencies. Spreads are competitive, reflecting the firm’s commitment to providing an optimal trading environment.
Evaluation Program Rules
For traders choosing the Evaluation Program, understanding the specific rules is crucial:
- Profit Targets: 8% in Phase 1 and 5% in Phase 2.
- Loss Limits: A 5% maximum daily loss and a 10% overall loss.
- Minimum Trading Days: At least five trading days are required in each phase.
- Scaling Plan: Accounts can scale up by 50% each time a 25% account growth is achieved, potentially reaching $1,000,000.
Fast Funding Program Rules
Both the Standard and Aggressive Fast Funding accounts come with straightforward rules:
- Profit Target: 10% in the evaluation phase.
- Loss Limits: A 4% maximum daily loss and a 7% overall loss.
- Minimum Trading Days: Five trading days are required.
- Weekend Trading: Only allowed with the Aggressive account.
Comparison with Other Proprietary Trading Firms
Direct Funded Trader’s flexible approach sets it apart from other firms in the industry. For instance, compared to firms like Finotive Funding and FundedNext, Direct Funded Trader offers slightly higher profit targets but compensates with more lenient loss rules and an unlimited trading period, giving traders ample time to meet their goals.
Customer Support and Community Engagement
Direct Funded Trader maintains an active presence on social media platforms, including Instagram, Discord, and Telegram, where traders can find updates, engage with the community, and seek support. The firm’s support team is also accessible via email and social media, ensuring prompt assistance when needed.
Direct Funded Trader Trading Dashboard
The firm’s trading dashboard is an essential tool for managing trading activities:
- Real-Time Monitoring: Track current positions and performance in real time.
- Risk Management: Use the dashboard to manage exposure and adjust strategies.
- 24/7 Accessibility: The dashboard is available around the clock, providing traders with constant access to their accounts.
Pros and Cons of Direct Funded Trader
Pros:
- Flexible funding options tailored to different trading styles.
- Realistic profit targets with generous profit splits.
- Access to a wide range of trading instruments.
- User-friendly trading dashboard and strong customer support.
Cons:
- Limited educational resources are available on the website.
- Weekend trading restrictions for some account types.
- Relatively new firm with limited payment proof history.
Conclusion
Direct Funded Trader offers a compelling option for traders looking to advance their careers in proprietary trading. With flexible funding programs, realistic trading objectives, and a generous profit split, the firm provides an attractive environment for traders to thrive. The 20% discount with the code “INVEST” further sweetens the deal, making it more affordable to get started.
Whether you’re an experienced trader or just starting your journey in forex trading, Direct Funded Trader’s unique approach and trader-centric offerings make it a standout choice. With achievable profit targets, flexible funding options, and ongoing support, this firm provides the tools and opportunities you need to succeed in the world of proprietary trading. Don’t miss out on the chance to elevate your trading career with Direct Funded Trader and save 20% with the discount code “INVEST.”