Sieg Fund prop firm has offered funded account challenges since 2023, giving it a reasonable experience in the prop trading industry. The firm offers funded options ranging from 5k to 400k USD, which is a decent range. There are two funded account types: 1-step, and 2-step. The profit split is up to 90% and the firm allows access to MetaTrader 4 & 5, which is beneficial. Pricing starts at 35 USD for the 5k 2-step challenge using discounts, which is a pretty low price.
In the following Sieg Fund review, we will focus on the firm’s safety, rules, funded options and types, assets, pricing, fees, support, and more. After reading this review, you will conclude whether Sieg Fund is a reliable prop firm.
Pros & cons of Sieg Fund prop firm
Pros
- Ability to withdraw with $0 fees
- Offers access to MetaTrader 4, MetaTrader 5
- Fast and digital account opening/verification
- Offers access to FX pairs, commodities, indices, and stocks
- Competitive daily risk limit of 5%
- Maximum drawdown is 10%
- Most payment options are free and instant
Cons
- 1-step challenges are restrictive
- Traders are required to trade for 60 days on a funded account to get a 90% profit split
- Not enough amount of trader reviews
Safety of Sieg Fund – 1.5
There are no Sieg Fund reviews on the Forex Peace Army (FPA) platform, which is usually a bad sign. On Trustpilot, the firm has around 10 reviews which is not enough to evaluate its reliability. However, most of these reviews are 5-star evaluations. When it comes to the firm’s experience, Sieg Fund was launched in 2023, giving it decent experience in the prop trading industry. The firm is not backed by any regulated brokers as there is no information about brokers on its website, which is a serious downside.
Overall, the firm gets a 1.5 score in this section for only its experience in the sector.
Sieg Fund Funding and Maximum Capital Allocation – 3
Sieg Fund funded programs include only 2-step and 1-step challenges where traders have to hit 2 and 1 profit targets respectively. The list of Sieg Fund funding includes 5k, 10k, 29k, 50k, 100k, 200k, and 400k USD amounts. Both Sieg Fund challenges have the same funded options list, which makes it easier to select the preferable challenge. The lack of funded options below 5k and above 400k is a minor drawback for the firm.
Sieg Fund scaling plan is not available, which is a serious downside for traders who want to start small and grow their funded accounts.
As a result, the firm gets a 3 score in this section.
Sieg Fund Assets – 3
Sieg Fund prop trading assets include FX pairs, CFD Indices, Metals, and Stocks. There are no crypto pairs offered which is a serious downside for crypto traders. The availability of stocks is very beneficial for multi-asset traders. The leverage is low on the 1-step challenges, capped at 1:30. However, on the 2-step accounts the leverage can be up to 1:100 which is attractive to control considerable trading volumes.
Overall, the firm gets a 3 score in this section, losing points for not providing crypto trading.
Sieg Fund Trading rules and limitations – 2.5
Sieg Fund rules are on the stricter side of the 1-step challenge. The 2-step accounts are slightly more forgiving. Let’s compare the rules for 1-step and 2-step challenges to see how competitive the firm truly is.
The rules of a 1-step challenge account include:
- Profit target – 8%
- Daily loss limit – 3%
- Maximum drawdown – 6%
- Minimum trading days – 3 days (minimum 0.3% USD profits each day)
- Maximum leverage – 1:30
The 2-step Sieg Fund challenge has the following requirements:
- Profit target – 10%, 5% (phase 1 and 2)
- Daily loss limit – 5%
- Maximum drawdown – 10%
- Minimum trading days – 3 days (0.3% per day)
- Maximum leverage – 1:100
As we can see, the 2-step account is more forgiving, requiring a slightly higher profit target but having 5% daily and 10% maximum drawdown limits. The maximum drawdown limit is static on 2-step accounts which is very flexible while it is dynamic on 1-step accounts, making it way harder to achieve profit targets without breaching risk limits.
News trading and weekend holding can only be unlocked after the trader survives at least 60 days on a funded account, which is not convenient.
Overall, the firm gets a 2.5 score in this section.
Sieg Fund Fees – 2.9
The pricing is very competitive at Sieg Fund for both account types. The smallest fee starts at 35 USD for the 5k 2-step challenge, which is a very good price. 1-step accounts are slightly more expensive starting at 45 USD with ongoing discounts.
The Sieg Fund free trial is not available while the Sieg Fund free repeat is not offered either. This is a considerable downside for the firm as traders can not test trading conditions before they purchase a challenge and can not start over for free if they fail to achieve the profit target. Withdrawals have no fees but spreads are not zero. Traders can only get lower spreads when they are eligible for a 90% profit split.
Overall, the firm gets a 2.9 score in this section.
Sieg Fund Platforms – 3.9
The firm allows access to advanced trading platforms, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). These platforms allow traders to access custom indicators and Expert advisors (EAs). Mobile trading is available via MT4 mobile apps. The firm does not allow EAs, which is a serious downside and prevents traders from using the platform’s full capabilities.
The firm gets a 3.9 score in this section.
Sieg Fund Profit-Sharing – 3.5
Sieg Fund profit split starts at 80% which is decent. However, traders can increase their profit split to 90% and there are no fees charged for it.
After traders survive on a funded account for at least 60 days, the Sieg Fund team will evaluate and assess their performance to give them a profit split of 90%, lower spreads, or weekend holding. Withdrawals incur no fees, which is flexible.
Overall, the firm gets a 3.5 score in this section.
Education and trading tools at Sieg Fund – 1
The firm lacks comprehensive educational resources. However, the firm has a trading blog. There are tools built inside the platform to enable traders to assess their trading performance.
As a result, the firm gets a 1 score in this section.
Customer Support at Sieg Fund – 2.4
Customer support is critical in prop trading. Sieg Fund offers live chat and email options which are flexible. Live chat is an important customer support option that allows for quick contact with the firm. There is a Discord channel but the firm does not offer phone support. Both the website and support options are only available in the English language, which is a downside.
The firm gets a 2.4 score in this section.
Frequently Asked Questions on Sieg Fund
Is the Sieg Fund legit?
Is Sieg Fund a good prop firm?
What is the minimum Sieg Fund fee?
