Active

DNA Funded

3.47

Industry Tier:
B
Australia
Date Created: 2024
Years in Operation: 1
25%

Firm Overview

Broker

Liquidity Provider

Platform

TradeLocker

Payment Methods

Crypto, Bank Transfer

Payout Methods

Crypto, Bank Transfer

Instruments and Assets

Type of Instruments

CFD

Assets

Forex , Commodities, Indices, Stocks, Crypto

Commissions

FX

$5/entry

Metals

$5/entry

Indices

$5/entry

Energy

$5/entry

Crypto

$5/entry

Firm Rules

Evaluation Phases

  • Single Helix: 1-Step evaluation with no time limit.
  • Double Helix: 2-Step evaluation, also with unlimited time.
  • Rapid Challenge: 1-Step evaluation, but must be completed within 10 calendar days.

Profit Targets

  • Single Helix: 10% profit target.
  • Double Helix: 10% in Step 1 and 5% in Step 2.
  • Rapid Challenge: 5% profit target.

Drawdown Rules

  • Single Helix: 5% max daily drawdown, 10% max total drawdown.
  • Double Helix: 6% max daily drawdown in Step 1 and 5% in Step 2, with 10% max total drawdown.
  • Rapid Challenge: 4% max daily drawdown, 5% max total drawdown.

Strategy Rules

  • VPN & IP Usage: Traders must use a consistent IP address for account activity. Frequent IP changes may trigger security checks and withdrawals from outside the country of residence require prior notification to support. Suspicious activity, such as multiple accounts logging in from related IPs, is strictly forbidden and may result in suspension or termination.
  • Hedging: Opening opposite positions on the same instrument across 2 separate accounts is prohibited. However, acceptable risk-balancing strategies such as using safe-haven assets or pair trading on correlated assets are permitted.
  • Expert Advisors (EAs): Automated trading using EAs and algorithmic systems is allowed on funded accounts.
  • Martingale & Arbitrage: The Martingale system, doubling down on losing trades, is not allowed under any circumstances. Similarly, arbitrage strategies that exploit price delays or discrepancies are prohibited.
  • News Trading: Trading during high-impact economic events is permitted but restricted. No trades may be opened or closed within 10 minutes before or after scheduled news releases, including pending orders or trades hitting take-profit/stop-loss levels.
  • Copy Trading: Permitted only between a trader’s own accounts. Mirroring trades from external platforms or third-party providers is not allowed.
  • Weekend Holding: Positions can remain open over the weekend, offering flexibility for swing and position traders.

Payout Policy

Profit Split

The standard profit split is 80% to the trader. There is an option to upgrade to 90% via an add-on (often calls it a “Profit Split Booster”)

Payout Frequency 

  • The default payout cycle is every 14 days.
  • DNA offers a 7-day early payout add-on that reduces the wait period.

Withdrawal Requirements

  • Traders must meet the firm’s rules (no drawdown breaches, no rule violations) and have a clean account.
  • Open positions must be closed before requesting payout.
  • There is a 40% daily profit cap in all challenge types – profits beyond 40% of the payout target in a single day will not count until the next trading day.
  • Traders must observe minimum trading days (usually 3 distinct days) before a payout is allowed.

Scaling Plan

DNA Funded has not yet released full details of its scaling program.

Risk Warning

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