Seacrest Funded – Firm Review
- Immediate capital access post evaluation
- Swift payouts without bureaucratic delays
- Elite trading desk support provided
- Minimal restrictions on trading styles
- Expansive market choices available now
Company Overview
Seacrest Funded is a modern proprietary trading firm that provides traders with access to funded trading accounts. The company stands out with its two-phase evaluation process designed to identify disciplined and consistent traders. Seacrest offers both Standard and Professional Challenge programs, allowing traders of various experience levels to demonstrate their skills before accessing funded accounts.
What makes Seacrest Funded particularly attractive is its commitment to trader-friendly policies, including reasonable profit targets, realistic drawdown limits, and competitive profit splits. The firm supports various account sizes ranging from $10,000 to $200,000, making it accessible to traders at different stages of their journey. With its focus on multiple financial markets and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, Seacrest Funded creates an environment where skilled traders can scale their earnings without risking their own capital.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting at $99 for $10,000 account, scaling up based on account size
- Professional Challenge – One-time fee starting at $199 for $10,000 account, offering more flexibility for experienced traders
- Reset Fee – Discounted fee to restart a challenge if trading objectives aren’t met
- Free Retake – Available if you reach at least 50% of the profit target before violating a rule
Account Types
- Standard Challenge: Two-phase evaluation with 8% profit target in both phases, suitable for most traders
- Professional Challenge: Accelerated program with 10% profit target, designed for experienced traders who need fewer restrictions
- Funded Account: Live trading account with real capital after successfully passing both evaluation phases
Profit Split Options
- Initial Split: 80/20 profit split (80% to trader, 20% to firm) after completing both challenge phases
- Scaling Plan: Potential to increase to 90/10 split after consistent profitable performance
- Performance Bonuses: Additional incentives for exceptional trading performance over extended periods
Account Sizes
- $10,000: Entry-level account with lowest challenge fee, ideal for beginners
- $25,000: Mid-sized account balancing affordability with trading capacity
- $50,000: Popular choice offering substantial capital for serious traders
- $100,000: Professional-level account for experienced traders with proven strategies
- $200,000: Maximum account size for elite traders seeking significant profit potential
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with extensive charting capabilities and support for EAs
- MetaTrader 5 (MT5): Advanced platform offering more timeframes, analytical tools, and access to a wider range of markets
- Custom Dashboard: Proprietary trading interface for monitoring account metrics and performance
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Commodities: Gold, silver, oil, and other raw materials traded as CFDs
- Indices: Major global stock indices including S&P 500, NASDAQ, FTSE, and more
- Cryptocurrencies: Bitcoin, Ethereum, and other major cryptocurrencies as CFDs
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 30 days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 3 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 for exceptional traders through the scaling program
- Scaling: Account size can double after every 10% profit with consistent performance
- Trading Competitions: Monthly competitions with cash prizes for top-performing traders
- Free Trial: 7-day demo challenge available to test the platform before purchasing
- Profit Targets: 8% target for Standard Challenge, 10% for Professional Challenge in phase one
- Drawdown Structure:
- Daily: 5% maximum loss from previous day’s closing balance
- Maximum: 10% maximum loss from initial account balance
- Trailing: Not implemented, fixed maximum drawdown only
Trading Rules and Requirements
- No weekend holding for forex pairs, but indices and cryptos can be held
- No news trading during major economic announcements
- Maximum leverage of 1:100 for forex, 1:20 for indices and commodities
- Minimum 5 trading days required during challenge phase
- No hedging or martingale strategies permitted
- Position holding time minimum of 2 minutes to prevent scalping
- Expert Advisors (EAs) are allowed but must follow all trading rules
Company Information
- Founded in 2020, headquartered in London, UK
- Regulated by the Financial Conduct Authority (FCA)
- 24/7 customer support via live chat, email, and phone
- Educational resources including webinars, trading guides, and market analysis
- Active community of over 15,000 traders worldwide
Payout Methods
- Bank Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Bitcoin and other cryptocurrencies (24 hours)
- Minimum payout amount: $50
- Bi-weekly profit distribution schedule
Trading Commissions
- Forex: $7 per lot round-turn (Standard), $5 per lot round-turn (Professional)
- Indices: $10 per lot round-turn
- Commodities: $10 per lot round-turn
- Cryptocurrencies: 0.05% of trade value
- No commission on funded account profits
IP Rules
- Trading from one consistent IP address/location recommended
- Maximum of 3 different IP addresses permitted
- VPN usage allowed but must be declared beforehand
- Account sharing strictly prohibited
- Multiple logins from different locations simultaneously not permitted
Video Review
Seacrest Funded Review
Comprehensive review of Seacrest Funded trading services
Unique Features
Trader Support
- One-on-one coaching sessions with professional traders
- Weekly market analysis webinars for funded traders
- Trading psychology workshops to improve discipline
- Advanced trading tools and indicators package
Account Management
- Real-time performance dashboard
- Mobile app for tracking account metrics
- Risk management tools with automatic notifications
- Detailed trade analysis and reporting
Why Choose Seacrest Funded?
Seacrest Funded stands out in the competitive prop trading landscape by offering a balanced combination of trader-friendly conditions and professional risk management. Their evaluation process is designed to be challenging yet achievable, focusing on consistent profitability rather than unrealistic performance metrics.
Key advantages include:
- Rapid funding process with potential to receive funded account within 30 days
- Generous profit splits starting at 80% for traders
- Scaling program allowing successful traders to manage up to $1M
- Bi-weekly payouts with multiple withdrawal options
- Comprehensive educational resources and professional support
- Transparent fee structure with no hidden costs
- Free retake opportunity if 50% profit target is reached
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. At minimum, you need to complete both the Challenge Phase and Verification Phase, which takes at least 30 days for the Professional Challenge or 90 days for the Standard Challenge. However, many successful traders complete both phases faster than the maximum allowed timeframe.
Can I hold positions over the weekend?
Weekend holding policies vary by instrument. For forex pairs, you cannot hold positions over the weekend and must close them before market close on Friday. However, indices and cryptocurrency positions can be held over the weekend. Always check the specific rules for your traded instrument before holding positions.
What happens if I break a rule?
Breaking any of the trading rules typically results in account termination, with no refund of the challenge fee. However, Seacrest Funded does offer some flexibility for minor violations and first-time incidents. If you reach at least 50% of your profit target before violating a rule, you may qualify for a free retake opportunity. Always contact support immediately if you believe you’ve accidentally broken a rule.
Can I trade news events?
Trading during major economic news events is generally discouraged and may be restricted for certain high-impact news releases. Seacrest Funded recommends closing positions at least 5 minutes before major economic announcements and waiting until after the initial volatility settles before opening new positions. This policy helps protect both traders and the firm from extreme market volatility.
How often can I withdraw profits?
Seacrest Funded operates on a bi-weekly profit distribution schedule. Once you have a funded account, you can request withdrawals of your profit share every two weeks. The minimum withdrawal amount is $50, and processing times vary by payment method, ranging from 24 hours for cryptocurrencies to 3-5 business days for bank transfers.
