DNA Funded Forex prop firm review

DNA Funded Forex prop firm review

DNA Funded prop firm is a young proprietary company that offers funded accounts ranging from 5k to 200k USD. There are 1-step, 2-step, and Rapid evaluations offered. The Rapid account gives traders 10 days to get funded and has a smaller profit target (5%). The profit split is 80% and traders can get 90%, which is attractive. The pricing is cheap starting at 49 USD for the 2-step 5k challenge. Traders can access various markets with up to 1:50 leverage, which is a decent amount. 

In this unbiased DNA Funded review, we will assess the firm’s safety, rules, funded options and types, assets, platforms, pricing, support, and more. 

Pros & cons of DNA Funded prop firm

ProsCons
Ability to withdraw with $0 feesVery questionable safety with no reviews on FPA and Trustpilot
Has cheap pricing from 49 USD for the 5k 2-step challengeDoes not offer access to MetaTrader 4, MetaTrader 5
Fast and digital account opening/verificationDoes not provide educational resources
Up to 90% profit split is achievable using the scaling planMisleading rules: the firm allows EAs but Tradelocker does not support automated trading or custom indicators
Diverse funded account types include 1-step, 2-step, and RapidDoes not offer multilingual support or a hotline option
Most payment options are free and instantVery strict maximum drawdown of 5-6%
Backed by the regulated broker with the same name 

Quick rating of DNA Funded and its features

FPA ScoreNo ratings yet
Year founded2024
HeadquartersAustralia
Minimum audition fee49 USD
Fees on withdrawals0 USD
Minimum funded amount5,000 USD
Maximum funded amount200,000 USD
Allowed daily loss5%
Profit target10%
Maximum trailing drawdown6%
Profit sharing (Payouts)80% (Up to 90% using scaling plan)
Trading PlatformsTradeLocker
Available trading marketsForex, commodities, indices, cryptos, and stocks

Safety of DNA Funded

There are no DNA Funded reviews on the Forex Peace Army (FPA), which is a serious downside. The firm has 2-3 reviews on Trustpilot, and all of them are negative, which is a major red flag. However, 2-3 reviews are not enough to evaluate the firm’s reliability or quality of services. When it comes to experience, the firm was launched in 2024, which makes it very young and inexperienced in the prop trading industry. The firm is backed by DNA Markets, which is a regulated Forex and CFDs broker. All funded accounts are simulated or demo accounts and traders are not allowed to access live markets, a minor drawback. 

The firm gets a 1.5 score in this section.

DNA Funded Funding and Maximum Capital Allocation

DNA Funded funded programs are diverse and include 1-step, 2-step, and Rapid challenges. The Rapid challenge is a 1-step challenge that gives traders 10 days to hit a 5% profit target. Traders should be careful with this challenge as they are not allowed to lose more than 4% each trading day and the maximum drawdown is 5%. The list of DNA Funded funding options includes 5k, 10k, 25k, 50k, 100k, and 200k for 1-step and 2-step and from 10k to 100k for the Rapid challenges. The 1-step and 2-step DNA Funded challenges are definitely more attractive for traders as they offer 5k accounts which are attractive for beginners and the biggest account 200k is also more attractive for experienced traders. 

DNA Funded scaling plan is available and allows traders to increase their maximum funding amount and get up to 90% profit split, which is very flexible.

Overall, the firm gets a 3 score in this section.

DNA Funded Assets

As a prop firm backed by a regulated broker, the DNA Funded prop trading assets are diverse. The firm offers almost all popular asset classes such as FX pairs, commodities, indices, cryptos, and even stocks, which is very flexible. When it comes to allowed leverage, each asset has a different limit:

  • Forex - 1 Phase and Rapid 1:30, 2 Phase is 1:50.
  • Commodities, Indices, Stocks - All Challenges 1:10
  • Cryptocurrency - All Challenges 1:2

As a result, the firm gets a 4 score in this section. 

DNA Funded Trading rules and limitations

DNA Funded rules differ from each other depending on the funded account type selected. 

The 1-step DNA Funded challenge has the following requirements:

  • Profit target - 10%
  • Daily risk limit - 5%
  • Maximum drawdown - 6% 
  • Minimum trading days - 3 days
  • Maximum leverage - Up to 1:30

The 2-step DNA Funded evaluation requires traders the following:

  • Profit target - Phase 1: 10% Phase 2: 5%
  • Daily risk limit - 5%
  • Maximum drawdown - 6%
  • Minimum trading days - 3 days
  • Maximum leverage - Up to 1:50

The Rapid DNA Funded account rules are:

  • Profit target - 5%
  • Daily risk limit - 4%
  • Maximum drawdown - 5% 
  • Minimum trading days - 3 days
  • Time limit - 10 days
  • Maximum leverage - Up to 1:30

When it comes to news trading, traders are allowed to have open positions but can not open trading positions during the restricted period of 10 minutes before and after major data releases, news events, or significant macroeconomic events. Weekend holding and overnight trading are allowed. Copy trading is not permitted and traders can not use EAs as TradeLocker does not support automated trading.

The firm gets a 0.8 score in this section. 

DNA Funded Fees

The pricing is very competitive from DNA Funded. The 1-step DNA Funded challenge starts at 59 dollars for the 5k USD challenge. The 2-step DNA Funded evaluation starts from 49 dollars for the 5k USD challenge, and the Rapid DNA Funded account starts at 99 dollars for the smallest 10k USD evaluation. Withdrawals incur no commissions. The one downside of the firm is it does not offer spreads of 0 pips, which makes it difficult to deploy scalping strategies for the Rapid challenge. 

DNA Funded free trial is not offered and the DNA Funded free repeat is not available either. 

Overall, the firm gets a 3 score in this section. 

DNA Funded Platforms

The firm allows access to TradeLocker which is a dedicated prop trading platform. MT4 and MT5 are not available which is a serious downside as TradeLocker does not allow custom indicators and Expert Advisors (EAs). Mobile trading is available via the mobile TradeLocker app which can be downloaded from the website.

The firm gets a 2.1 score in this section.

DNA Funded Profit-Sharing

DNA Funded profit split is 80% for all funded accounts which is a decent amount. However, traders can get 90% payouts using the scaling plan, which is super attractive. Withdrawals are slightly slow and take up to 72 hours, but are commission-free.

Overall, the firm gets a 3 score in this section.

Education and trading tools at DNA Funded

Educational resources are important for beginners. Unfortunately, the firm does not provide any kind of educational assistance like webinars, trading courses, or video guides, which is a huge downside. There is no trading blog available either to provide market insights and trading tips. DNA Funded also falls short when it comes to trading tools. 

The firm gets a 0 score in this section.

Customer Support at DNA Funded

The support from DNA Funded is provided using live chat and email options. The live chat has a built-in AI assistant which is useful to see quick FAQ answers. The only language available is the English language. There is no phone support offered which is a big red flag. 

As a result, the firm gets only a 2.4 score in this section.

Frequently Asked Questions on DNA Funded

Is DNA Funded Legit?

DNA Funded scam is possible as the firm is young and lacks trader reviews, despite being backed by a regulated broker. 

Is DNA Funded a good prop firm?

The firm offers cheap one-time fees, diverse funded account types, and flexible leverage but lacks safety due to a lack of trader reviews. 

What is the minimum DNA Funded fee?

The smallest one-time fee starts at 49 dollars for the 5k USD 2-step challenge, which is cheap.