Prop Firm Review

FundedSquad

1-Step, 2-Step and Instant accounts with static drawdown and no consistency rule

FundedSquad is a simulated prop firm run by Devionics Technology FZCO in Dubai. It offers 1-Step Lite and Flex, 2-Step Lite and Flex, and Instant Lite and Flex accounts from $2.5K to $200K, on MT5, cTrader and Match-Trader, with a combined allocation cap of $800K.

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Overall Score

8.4/10

FoundedJan 2024

HQUnited Arab Emirates

CEOAjwad Saleem

Asset TypesForex

Our Take

FundedSquad suits traders who want static drawdown and no consistency rule across 1-Step, 2-Step and Instant accounts.

Trading Conditions

Leverage (Forex)

1:50 to 1:100

Leverage (Crypto)

1:2

Instruments

Forex, metals, indices, commodities, crypto

Trading Platforms

MT5

cTrader

Match Trader

Trading Rules

Allowed

Expert advisors (EAs)

Limited

News tradingWeekend holdingCopy tradingMinimum trade durationFloating loss limit

Prohibited

HedgingMartingale and gridHFT and arbitrageVPN and VPS

Payouts

Max Profit Split

Up to 100%

Reward Share

80% base (70% Instant Flex)

Payout Cycle

On demand to 14 days

Payment Methods

Apple Pay

Credit/Debit Card

Crypto

Google Pay

PayPal

UPI Payment

Withdrawal Methods

Riseworks

Crypto

Account Plans

Instant funding2 challenges

Instant Lite

No evaluation. 1:50 forex leverage. 6% trailing drawdown that locks at initial balance. $3,000 daily profit cap.

Start Challenge

$2.5K$69

$5K$119

$10K$219

$25K$479

$50K$779

$100K$1,299

$200K$2,399

RulesFundedProfit TargetNoneDaily Loss Limit3%Max Drawdown6% trailingMin Trading Days5 daysTime LimitUnlimitedConsistency RuleNoneMax PositionLot caps by account sizeMin Daily Profit0.5% to count as a trading dayDays to PayoutOn demandRestart FeeNot listedReward Share80% (up to 100% with add-on)Fee RefundNone for accounts bought on or after 31 Aug 2026First PayoutOn demand

Start Challenge

Instant Flex

No evaluation. 1:50 forex leverage. 5% static drawdown. News trading only with add-on. $3,000 daily profit cap.

Start Challenge

$2.5K$69

$5K$119

$10K$219

$25K$479

$50K$779

$100K$1,299

$200K$2,399

RulesFundedProfit TargetNoneDaily Loss Limit3%Max Drawdown5% staticMin Trading Days4 daysTime LimitUnlimitedConsistency RuleNoneMax PositionLot caps by account sizeMin Daily Profit0.5% to count as a trading dayDays to PayoutOn demandRestart FeeNot listedReward Share70% (up to 90% with add-on)Fee RefundNo refundFirst PayoutOn demand (max 4% per payout)

Start Challenge

1-step evaluation2 challenges

1-Step Lite

1:100 forex leverage. 7% static max drawdown. No consistency rule or time limit.

Start Challenge

$5K$89

$10K$139

$25K$289

$50K$469

$100K$729

$200K$1,299

RulesPhase 1FundedProfit Target8%NoneDaily Loss Limit3%3%Max Drawdown7% static7% staticMin Trading Days3 days3 daysTime LimitUnlimitedUnlimitedConsistency RuleNoneNoneMax PositionLot caps by account sizeLot caps by account sizeMin Daily Profit0.5% to count as a trading day0.5% to count as a trading dayRestart FeeNot listedNot listedDays to Payout—14 daysReward Share—80% (up to 100% with add-on)Fee Refund—Refunded after 2nd approved rewardFirst Payout—Every 14 days (on demand with add-on)

Start Challenge

1-Step Flex

1:50 forex leverage. 10% static max drawdown. 20% bonus split on evaluation-phase gains, paid with first reward.

Start Challenge

$5K$89

$10K$139

$25K$319

$50K$519

$100K$799

$200K$1,399

RulesPhase 1FundedProfit Target9%NoneDaily Loss Limit3%3%Max Drawdown10% static10% staticMin Trading Days3 days3 daysTime LimitUnlimitedUnlimitedConsistency RuleNoneNoneMax PositionLot caps by account sizeLot caps by account sizeMin Daily Profit0.5% to count as a trading day0.5% to count as a trading dayRestart FeeNot listedNot listedDays to Payout—14 daysReward Share—80% (up to 100% with add-on)Fee Refund—Refunded after 2nd approved rewardFirst Payout—Every 14 days (bi-weekly)

Start Challenge

2-step evaluation2 challenges

2-Step Lite

1:100 forex leverage. 8% static max drawdown. Add-ons for +1% daily and +2% overall drawdown.

Start Challenge

$5K$79

$10K$129

$25K$279

$50K$399

$100K$649

$200K$1,199

RulesPhase 1 & 2FundedProfit Target6%NoneDaily Loss Limit4%4%Max Drawdown8% static8% staticMin Trading Days5 days5 daysTime LimitUnlimitedUnlimitedConsistency RuleNoneNoneMax PositionLot caps by account sizeLot caps by account sizeMin Daily Profit0.5% to count as a trading day0.5% to count as a trading dayRestart FeeNot listedNot listedDays to Payout—14 daysReward Share—80% (up to 100% with add-on)Fee Refund—Refunded after 2nd approved rewardFirst Payout—Every 14 days (weekly with add-on)

Start Challenge

2-Step Flex

1:100 forex leverage. 12% static max drawdown. 20% bonus split on evaluation-phase gains, paid with first reward.

Start Challenge

$5K$79

$10K$129

$25K$309

$50K$449

$100K$719

$200K$1,299

RulesPhase 1 & 2FundedProfit TargetP1: 8%, P2: 6%NoneDaily Loss Limit4%4%Max Drawdown12% static12% staticMin Trading Days3 days3 daysTime LimitUnlimitedUnlimitedConsistency RuleNoneNoneMax PositionLot caps by account sizeLot caps by account sizeMin Daily Profit0.5% to count as a trading day0.5% to count as a trading dayRestart FeeNot listedNot listedDays to Payout—14 daysReward Share—80% (up to 100% with add-on)Fee Refund—Refunded after 2nd approved rewardFirst Payout—Every 14 days (bi-weekly)

Start Challenge

Fees are one-time per evaluation. Confirm current pricing at checkout.

About the ReviewerIndependent review

Alex Firdaus

Head of Media & Lead Reviewer

Alex Firdaus is Head of Media at FinMedia Group and lead editor at FundedTrading.com. He has traded crypto since 2014, through three full market cycles, which is where his interest in funding models and payout mechanics started. Before moving into prop firm coverage he spent close to a decade as a Google search quality rater, with additional experience evaluating results for Bing, then worked in SEO consulting. He has led FundedTrading.com's content and search strategy since 2022, and reads firm rule pages directly rather than working from other reviews. His coverage focuses on drawdown calculation, payout eligibility, consistency rules and prop firm due diligence.

Found an issue?Spot wrong payout stats, rules or prices? Tell us and we’ll verify it.

This review is maintained by the FundedTrading.com editorial team. Scores are based on publicly available data and verified user reports. Payout figures and challenge prices can change, so confirm current terms directly with FundedSquad. This is not financial advice.

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