Are you seeking for answers? Quick answers to common questions for efficient understanding and clarity.
Please refer to the table below for detailed requirements.
If you have made profits in your Live Account at the time of a hard breach, you will not receive your share of those profits.
For example, let's say you have a $100,000 account and you successfully increase it to $110,000. If a hard breach happens and your account is closed, you are not eligible to be paid your profit share.
Your first withdrawal can be requested at any time. After that, you can request a withdrawal of the profits in your account every 14 days. When a withdrawal is approved, we will also deduct our share of the profits, and your max trailing drawdown will be locked in at your starting balance. The trailing drawdown does not reset when you request a withdrawal.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. This would also bring the account balance down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have a maximum potential loss of $4,000 on the account before it would violate the Maximum Trailing Drawdown rule.
If you fully withdraw the profits in your Live Account, the Maximum Trailing Drawdown will still be locked in at the starting balance and will therefore result in the forfeiting of your Live Account, as your balance will trigger the Maximum Trailing Drawdown breach rule.
At SiegFund, participants are entitled to operate multiple challenge accounts to reach their trading targets. Upon successful attainment of these targets, a live account is allocated.
It is crucial, however, to implement unique trading strategies for each challenge account. The use of identical strategies across various accounts may be interpreted as a soft breach of our compliance policies.
In such cases, the SiegFund Compliance Team will conduct a thorough review and retain the discretion to determine the number of live accounts to be issued. This could result in a restriction to a single live account per participant, especially if repetitive strategies are a decisive factor in achieving the target.
Once you request a payout, we will promptly review your trading history and account status. Under normal circumstances, payout processing takes 24-48 hours. However, this timeframe may vary depending on the current volume of transactions, our average payout period is 3 hours. Please note that if you request a payout on a Friday or public holiday, the processing will commence on the next business day.
In the SIEG Challenge, you’re welcome to use the scalping strategy — no worries about canceled trades if you take profits through scalping.
However, keep in mind that we have a minimum of 5 trading days. This rule ensures that traders don’t hit the target by sheer luck but then fail to maintain the live account for at least 1 week.
We value consistent profit-taking, so here’s the requirement: Achieve a net Daily P&L on 3 separate days equal to or greater than 1% of your starting balance.
For example, if you’re trading on a $400,000 account, you need to trade for at least 5 days, with 3 separate days’ net P&L totaling at least $4,000.
If you hit the target but didn't meet daily PnL requirement, you will receive a new challenge account to restart. If you meet to soft breach in phase2, we will issue a phase2 challenge account, instead of begin from phase1.
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Achieve 8% balance growth in 45 days. Do not breach 3% daily loss limit and 6% max drawdown.
The daily loss limit is the maximum amount your account can lose in a single day. We calculate the daily loss limit using the balance from the previous day, which resets at 5PM EST. The daily loss level is determined by a fixed amount, which will be $3,000 for a $100,000 account.
Example 1: If your balance at the end of the previous day (5pm EST) was $100,000, your account would exceed the daily loss limit if your equity dropped to $97,000 during the day.
Example 2: If your floating equity is +$5,000 on a $100,000 account, your maximum daily loss for the new day (5pm EST) is based on your balance from the previous day ($100,000). Therefore, your daily loss limit would still be $97,000.
Example 3: If you make a $5,000 profit on a $100,000 account, your maximum daily loss for the new day (5pm EST) is based on the balance from the previous day ($105,000). Hence, your daily loss limit would be $102,000.
The maximum trailing drawdown is initially set at 6% from the starting balance of your account and is based on a fixed amount. As your account balance increases, the trailing maximum drawdown remains in effect until the 8% profit target is reached.
Example 1: If your starting balance is $100,000, you can drawdown to $94,000 before violating the Maximum Trailing Drawdown rule.
Example 2: If you take your account to $102,000 in CLOSED BALANCE, this becomes your new high-water mark, which means your new Maximum Trailing Drawdown would be $96,000.
Example 3: If you take your account ≥ $108,000 in CLOSED BALANCE, you have achieved the target, so congratulations, move to the next stage! Then the Max Trailing Drawdown will not be applicable.
Example 4: If you take your Funded account to $109,000 in CLOSED BALANCE, the maximum trailing drawdown would be locked at your starting balance of $100,000. If you don't exceed the daily loss limit of 3%, you can keep the account as long as you could.
We strongly emphasize the importance of sound risk management by implementing stop losses. Therefore, it is mandatory to have a stop loss on every trade. If you neglect to set a stop loss when placing a trade or order, we will automatically close the trade. Please note that this is considered a soft breach of the rule, and you will still be able to continue trading in your account.
Please ensure that all trades are closed by 3:45pm EST on Friday. Any trades that remain open after this time will be automatically closed. It's important to note that this is considered a soft breach, and you will be able to resume trading once the markets reopen.
Yes. If you do not place a trade within 14 days after purchasing an account, we will consider you inactive and your account will be closed. So please be reminded that the purchase button you clicked on the checkout page is essentially a Starting Gun.
After successfully passing your Assessment, you will receive an email containing instructions on how to access and complete your Trader Agreement. Once the agreement is completed and all required supporting documentation is provided, your Live Account will be created, funded, and issued to you within 24-48 business hours.
Once you pass the Assessment, we will give you a live account supported by Sieg Capital. Please be aware that the capital in your Live Account is notional and may not match the amount of capital deposited with the Broker.
The Live Account does not change the trading level or how the account may trade. All the same conditions and rules applicable to a soft breach, hard breach, Daily Loss Limit, Max Trailing Drawdown, stop loss, and position limits still apply.
No. We maintain a separate relationship with the Broker. The Broker provides all market pricing and trade executions, which we do not alter or modify. Moreover, we do not increase transaction costs set by the Broker by adjusting bid-offer spreads, markups/markdowns, commission charges, or swaps.
To manage risk and reduce transaction costs, we could offset or reduce market risk by acting as the direct counterparty in certain trades initiated in your Account. These trades are executed at prices provided by the Broker. This framework ensures that you receive real market execution for your trades, while also allowing us to dynamically manage risk by routing existing positions or future orders to third parties for execution, as we see fit. We believe that executing trades in simulated accounts would not provide the same level of real market execution or cost-effectiveness.
Regardless of whether we act as the counterparty to your trades, the calculation of gains or losses on your Live Account remains the same. However, there is a potential conflict of interest when we act as the counterparty, as your trades do not result in a net gain or loss for us, unlike if we were not the direct counterparty.
We have the discretion to restrict the number of open positions you can enter or maintain in the Live Account at any time. We may also adjust, based on market conditions, the drawdown levels at which trading in the Live Account will be stopped. We or the Broker have the right to decline any order.
The rules for the Live Account are identical to those for your Assessment account. However, the Live Account does not have an equity growth target.
Traders can request a withdrawal of the gains from their Live Account at any time through their trader dashboard. However, withdrawals can only be made once every fourteen (14) days. So, if you have made gains in your Live Account, you can request a withdrawal.
To withdraw the gains from your Live Account, click the Withdrawal button in your trader dashboard and enter the amount you wish to withdraw. Once your withdrawal request is approved, we will pay you the owed amount through your selected method.
We offer risk management software that is synchronized with the accounts we create. This enables us to analyze your performance in real time for accomplishments or rule violations. Therefore, it is a must for you to use the account that we provide to you.
Subject to complying with relevant laws and regulations, traders from any country, except those listed by OFAC, are eligible to participate in our program.
To buy an assessment/challenge account, you need to be at least 18 years old or meet the minimum legal age requirement in your country.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Live Accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Our risk management technology is currently integrated with several trading platforms. These platforms, along with pricing and execution, are provided by our broker. You can trade on Webtrader (MT4), MT4 and MT5.
Please find download links here.
We allow up to 100:1 leverage. Forex pairs are 100:1, Metals and Energies are 30:1, Indices are 20:1. Equity shares are 10:1.
Trading hours are determined by the broker and are beyond our control. To view the trading hours for each product, simply right-click on any product in the Market Watch window of the platform and select "Specifications" from the dropdown menu.
Please be aware that holidays may affect the available trading hours.
Furthermore, in accordance with the "no holding trades over the weekend" policy, all open trades are closed at 3:45pm EST on Fridays.
In the forex trading market, a trader’s costs typically include the spread and transaction fees, which are collected by brokers as operational service fees. Our competitors charge $3-7 per lot, but at SiegFund, we don’t charge you any fees to place an order.
At SiegFund, we allow and encourage the use of Expert Advisors (EA) and high-frequency trading. We believe in empowering our traders to utilize legitimate methods to seize opportunities and profit from the market. This is a significant advantage, as many of our competitors do not permit such strategies.
You are expressly prohibited from using the Services to violate any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national, or international, or to violate the rights of a third-party, including, but not limited to intellectual property rights, privacy rights, rights of publicity, or other personal or proprietary rights.
Additionally, you are expressly prohibited from scraping, crawling, framing, posting unauthorized links to, aggregating, hacking, performing denial of service (DOS) attacks on, reverse engineering, or circumventing technological protection measures of the Services or the Company website.
You are also prohibited from using the Services or the Company website to transmit unsolicited commercial emails to third parties or Traders of the Company. While The Company is not responsible for any such content posted by its Traders and does not have the affirmative obligations to monitor such content, it does reserve the right to remove them.
You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the broker(s) (“Broker”) it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:
If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.
At SiegFund, we are excited to announce that news trading is fully permitted within our challenge parameters. We understand the potential that news events hold for significant market movements, and we encourage our traders to seize opportunities on volatility.
When trading a Live Account for our firm, you will be classified as an independent contractor. As a result, it will be your responsibility to settle any tax obligations arising from your profits.
Achieve 10% and 5% balance growth in 90 days (45 days per phase). Do not breach 5% daily loss limit and 10% max drawdown.
The Daily Loss Limit is the maximum amount your account can lose in a single day. We calculate the Daily Loss Limit using the balance from the previous day, which resets at 5 PM EST. Unlike other firms, we don't base our calculations on the previous day's equity. This balance-only model allows you to maximize your gains without the risk of losing your account. The Daily Stop is added to your account as your balance increases.
Example 1: If your balance at the end of the previous day (5 PM EST) was $100,000, your account would exceed the daily stop loss limit if your equity dropped to $95,000 during the day.
Example 2: If your floating equity is +$6,000 on a $100,000 account, your maximum loss for the new day (5 PM EST) is still based on your previous day's balance of $100,000. Therefore, your daily loss limit would remain at $95,000.
Example 3: If you make a $5,000 profit on a $100,000 account, your maximum daily loss for the new day (5 PM EST) is based on the previous day's balance of $105,000. Consequently, your daily loss limit would be $99,750.
You can request to be an Affiliate in Client Dashboard, or email to cs@siegfund.com, we will update your status in 24 hours.
SiegFund Affiliate Program calculate commission based on the number of successful purchase order you bring in. And there are 4 Tiers with up to 21% profit split.
Please contact your account manager or email to cs@siegfund.com for more detailed information.
The Sieg teams originated in Australia, starting in 2016 with a small Sydney office. Initially, a group of young day traders came together with a shared focus on building trading as a long-term career. As their trading careers progressed, they gained access to various trading systems, sparking new ideas on money utilization and risk management. This led to a collaborative effort within the teams to share and enhance their skills in these crucial aspects of trading.
Since the onset of the pandemic in 2020, our trading expertise across diverse financial sectors has enabled us to develop various methods and skills. These are designed to insulate profit-seeking traders from market uncertainties. We extend professional and funding support to amplify and stabilize a wide range of trading strategies, resulting in consistent profits. The market has validated the effectiveness of our approach.
By 2024, we officially entered the retail markets, aiming to expand our trader base. While this endeavor requires additional resources and mental prowess, we are confident that it will significantly contribute to enlarging our trader pool and reducing overall risk through more diversified trading strategies.
We eagerly anticipate your participation in our journey.
Sieg Fund operates from Rm1902-05, Dah Sing Financial Center, Wan Chai, HKSAR, with register number 65938113 and has a representant office at Level 2, 673 Bourke St, Melbourne VIC 3000
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at 10% of your starting balance. This 10% is static and does not trail.
Example 1: If your starting balance is $100,000, the maximum amount you can lose is $10,000. So when your balance is ≤ $90,000, you have violated the maximum drawdown rule.
Example2: If you increase your account balance to $105,000, the maximum drawdown level will still be $90,000 in this scenario. However, please note that you must not exceed the daily drawdown limit of 5%, which is $99,750. If you breach this limit, you will lose the account.
Set Stop Loss in MT4
If you have an open position. In the terminal, you see Stop Loss and Take Profit set to 0.
You can right-click over the trade in the terminal and go to Modify or Delete Order. No worries, you won’t delete the order just click on that and you will see the boxes.
Here you can use the arrows to increase it but obviously, it will take you ages to reach 1.18 or something so what you can do is just mark it and then type the value, for example, 1.1820. And if you click on Modify you will see that my Stop Loss is set.
Now here I have this horizontal line which I will remove, so you can see clearly where the Stop Loss is.
The red dashed line is the Stop Loss level.
So this is how simple it is to set Stop Loss in MetaTrader 4. All you need to do is to choose the level at which you want to place the Stop Loss. In this case, if the price hits the Stop Loss we will be on the profit and if I put the mouse on it you will see that it says profit $40 and below we can see Pips and if we put the Stop Loss at 1.1820 we will have the profit of $40 or the difference is 40 Pips.
We offer Addon features to meet all traders’ requirements. You can apply double leverage, weekend holding, no stop loss, and share 90% of profits with us!
However, for large-size accounts (100k, 200k, 400k challenge accounts), we don’t have addon features due to risk control concerns.
But you can request them for free if you trade a live account for over 2 months. The calculation will start from the date we issued the live account.
Upon the successful completion of the challenge, participants are obliged to undertake the Know Your Customer (KYC) verification process accessible through the dashboard. Concurrently, our compliance team will conduct a thorough review of your trading activities to ensure full compliance with our established standards and verify the absence of any infractions of soft rules. Following the confirmation of qualified trading, we will proceed to activate your live trading account.
For first-time participants, the assessment purchase fee will be credited to your wallet, enabling you to request a payout at your discretion. It is imperative to understand that this refund is exclusively available for the initial transaction.
For our esteemed returning clients, the purchase fee will be allocated to your live account balance, which is available for withdrawal along with accrued profits at your convenience.
Please be advised that once a profit withdrawal or refund has been executed, the maximum drawdown will be permanently set at the starting balance.
