search-image
menu-icon

Home

>

Prop Trading Firms

>

DirectFundedTrader Forex prop firm review — Exaggerated claims, many red flags!

Phase 1 Profit Target

10%

Phase 2 Profit Target

10%

Maximum Daily Loss

5%

Maximum Loss

8%

Min Trading Days

No limit

Profit Split

80%

Visit prop website

DirectFundedTrader

licences

Licences:

N/A

minimum_deposit

Currencies:

USD

maximum_leverage

Trading Platforms:

MetaTrader 5

spread

Year founded:

2023

bonus

Promo Code:

N/A

clients

Min Account size:

5,000 USD

DirectFundedTrader Forex prop firm review — Exaggerated claims, many red flags!

DirectFundedTrader prop firm offers traders funded accounts to speculate on different markets. However, the firm is still very young, established in 2023, and there have been 20% of 1-start reviews on the Trustpilot. We decided to look closer at the DirectFundedTrader prop trading firm and uncover all the details about this company. The firm promises its clients to pay them 3 SUD per lot traded during the evaluation phase, which is ridiculous from a prop firm that won’t allow clients to access real funded accounts.

DFT main page

In our DirectFundedTrader review today, we will assess the firm’s most critical features including safety, assets, rules, funded options, support, and more.

Pros & cons of DirectFundedTrader prop firm

Pros

  • Ability to withdraw with $0 fees
  • Offers access to MetaTrader 5
  • Fast and digital account opening/verification
  • Most payment options are free and instant

Cons

  • Very questionable safety without experience in the industry
  • Rules are strict and assets are limited
  • There are no educational resources offered
  • Support does not include a hotline and is not multilingual
  • The firm’s partner broker, markets.com, has very bad trader reviews raising red flags
  • Exaggerated claims of paying traders 3 USD per lot during their evaluation phase
  • High profit target of 10% and limited trading assets

Quick rating of DirectFundedTrader and its features

FPA Score Not yet rated
Year founded 2023
Headquarters Unknown
Minimum audition fee 31 USD
Fees on withdrawals 0 USD
Minimum funded amount 5,000 USD
Maximum funded amount 200,000 USD
Allowed daily loss 5%
Profit target 10%
Maximum trailing drawdown 8%
Profit sharing (Payouts) 80%
Trading Platforms MetaTrader 5
Available trading markets Forex

Safety of DirectFundedTrader — 0

DirectFundedTrader reviews on the FPA platform are lacking, which indicates low legitimacy. The lack of reviews is typically a red flag for prop firms, as trader reviews are one of the most reliable ways to determine whether the firm can be trusted. Another important component for evaluation safety is to examine the firm’s experience in the industry. DirectFundedTrader was launched in 2023, giving it very little experience in the prop trading industry. The firm is partnered with markets.com, which is a Forex broker with very horrible reviews on the FPA, which is a huge red flag. Why would a prop firm partner up with a broker that has negative overviews online unless it is also not fair and transparent with its prop traders?

The firm gets a 0 score in this section, for offering little to no safety to its traders.

DirectFundedTrader Funding and maximum capital allocation — 3

DirectFundedTrader funded programs offer funding options between 5k and 200k US dollars. The evaluation account allows up to 200k funding, while all other accounts only have up to 100k ceiling. DirectFundedTrader funding accounts are three, Evaluation, Fast Funding Standard, and Fast Funding Aggressive.

The exact list of DirectFundedTrader challenges are 5k, 15k, 25k, 50k, 100k, and 200k options.

DirectFundedTrader scaling plan is not available at the moment, and the firm gets a 3 score in this section.

DirectFundedTrader Assets — 1

DirectFundedTrader prop trading assets are Forex pairs, allowing traders to speculate on currency pairs on a demo account. The firm does not provide access to real funded accounts and all trading is conducted on virtual accounts. For not offering more than one financial asset for trading, the firm gets a 1 score in this section.

DirectFundedTrader Trading rules and limitations – 0.8

DirectFundedTrader rules are average, as with many other firms with suspicious reliability. The daily loss limit is 5%, the maximum drawdown allowed is 8%, and traders have to hit a 10% profit target to get funded. There are multiple claims on Trustpilot of the firm declining withdrawals due to hidden rules and if true this is a huge red flag.

Overall, the firm gets a 0.8 score in this section.

DirectFundedTrader Fees — 2.5

The fees at DirectFundedTrader are one-time and start from 31 USD, which is quite low. However, the firm won’t allow traders to access real funded accounts, which makes it very difficult to recommend this firm to our readers. The firm promises anyone to pay 3 dollars per lot traded during the evaluation phase, which seems suspicious.

DirectFundedTrader free trial is not available as traders have to purchase funded challenges to access the platform and test the firm’s services, which is a drawback.

DirectFundedTrader free repeat is not offered at the moment, which is also a drawback.

Overall, the firm gets a 2.5 score in this section.

DirectFundedTrader Platforms — 1.5

The firm offers access to MetaTrader 5 (MT5) advanced trading platform that offers advanced features. The firm mentions markets.com as a main partner and provider of MT5. The broker has very negative feedback from traders, which raises some serious questions about the safety of trading with DirectFundedTrader. We can not confirm the firm and broker are not manipulating prices to ensure traders fail. Overall, the firm gets a 1.5 score in this section.

DirectFundedTrader Profit-Sharing — 2

DirectFundedTrader profit split is 80% and the firm promises 90% to traders who are capable of withdrawing 5 times successfully. This rule is not entirely clear, and it seems traders will just get 80%. Many traders are complaining about withdrawals, and we do not give any points in these criteria.

The firm gets a 2 score in this section.

Education and trading tools at DirectFundedTrader — 0

DirectFundedTrader does not offer any educational resources or courses. There are no trading webinars, insights, or even blogs to help traders improve their decision-making, something the firm is not very focused on. The firm gets a 0 score in this section.

Customer Support at DirectFundedTrader — 2.4

DirectFundedTrader offers two options for support, email and live chat. The live chat is the fastest way to get support. The firm lacks a multilingual website and support, which is a drawback, and there are no hotline support options offered. The firm gets a 2.4 score in this section overall.

Frequently Asked Questions

Is DirectFundedTrader legit?

Is DirectFundedTrader a good prop firm?

trader5 exit intent

Important news

Quick Links

Hottest offer

hottest-offer