Unverified — Active

Is FundedSquad Legit?

A Dubai-registered firm selling six challenge formats from $2.5K to $800K — operating, with a detailed complaint documenting undisclosed rules.

Status

Unverified — Active

Last Updated

Last updated: 2026-07-31

What we know about FundedSquad

FundedSquad, operated by Devionics Technology FZCO of Dubai, sells simulated-account funding in six formats — Instant, Instant Lite, Instant Pro, 1-Step, 1-Step Pro, 2-Step Fast and 2-Step Squad — with account sizes from $2,500 to $800,000 on Match-Trader, cTrader and a Platform-5-style terminal. All trading occurs in demo environments.

The firm is operating as of mid-2026. A January 2026 Forex Peace Army review documents an undisclosed 1.5% floating-loss rule, profit-split cuts from 70% to 40% without warning, forfeiture of profits on trades held under two minutes, and unexplained auto-closed trades — a single reviewer, but a detailed account. It has not been through Propfirmbook's verification.

Why isn't FundedSquad in our directory?

Propfirmbook's directory only includes firms we actively verify and track: live challenge pricing across every account size, payout terms and profit splits, complete trading rules, restricted-country lists, and current offers — checked continuously against each firm's own site. Firms outside the directory haven't been through that process, so we can't vouch for their current terms or operations.

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Frequently asked questions

Is FundedSquad legit?

It is operating, but a detailed public complaint documents undisclosed rules and unannounced profit-split cuts. It is not in Propfirmbook's verified directory.

Why isn't FundedSquad on Propfirmbook?

Our directory only includes firms we actively verify and track — live challenge pricing, payout terms, complete rules and current offers. FundedSquad hasn't been through that process.