Dominion Funding Prop Firm Review

Dominion Funding offering both 1 Step and 2 Step evaluation processes for traders seeking funded accounts. The funded account sizes ranging from $7,500 to $200,000.

The 1 Step challenge requires traders to hit a profit target once, while the 2 Step process involves two phases. The maximum funded amount can reach $400,000 by combining multiple challenges, but there is no scaling plan available

The Evaluation Process / Challenges

Dominion Funding offers a structured evaluation process with multiple challenge options designed to assess traders' skills and risk management capabilities before providing funded accounts. The firm provides four distinct challenge types: Standard Two-step Challenge, Swing Two-step Challenge, Standard One-step Challenge, and Swing One-step Challenge.

1 STEP CHALLENGE

Standard One-step Challenge

For traders seeking a faster path to funding, Dominion Funding offers the Standard One-step Challenge, which requires completing only a single evaluation phase. The rules for this challenge are slightly more demanding:

• Profit target: 10% (higher than the two-step challenge)

• Daily loss limit: 4% of the initial account balance

• Maximum drawdown: 6% of the initial account balance

• Minimum trading days: 3 days

This challenge is available in the same account sizes as the two-step challenges ($7,500 to $100,000), but with slightly higher pricing, ranging from $90 for the smallest account to $650 for the largest.

Swing One-step Challenge

Similar to the Standard One-step Challenge, the Swing One-step Challenge offers a faster route to funding for swing traders, with the same pricing structure and account sizes. This option provides the benefit of no news trading restrictions but comes with lower leverage.

2 STEPS CHALLENGE

Standard Two-step Challenge

The Standard Two-step Challenge requires traders to complete two consecutive phases before receiving a funded account. According to the information gathered from multiple sources, the rules for this challenge include:

• Profit target: 8% across both phases

• Daily loss limit: 5% of the initial account balance

• Maximum drawdown: 8% of the initial account balance

• Minimum trading days: 3 days per phase

This challenge is available in various account sizes: $7,500, $12,500, $25,000, $50,000, and $100,000 with prices ranging from $80 for the smallest account to $600 for the largest. The two-phase structure allows traders to demonstrate consistent performance over a longer evaluation period.

Leverage

Dominion Funding provides a maximum leverage of 1:50 across their accounts, which is considered adequate for most trading strategies. While not as high as some offshore brokers offering 1:500 or more, 1:50 leverage strikes a balance between trading power and risk management.

According to available information, the firm produces zero pip spreads but charges commissions of 3.5 USD per side per lot traded, resulting in a 7 USD round-turn cost. This commission structure is relatively standard in the industry, though some competitors may offer more competitive rates.

Fee Assessment

The fee structure reveals that one-step challenges are generally more expensive than their two-step counterparts for the same account size. This premium reflects the faster path to funding that one-step challenges offer. The smallest account size available is $7,500 with fees starting at $80 for a two-step challenge, while the largest standard account is $100,000, costing up to $650 for a one-step challenge.

When compared to industry standards, Dominion Funding's challenge fees are on the higher side, especially for smaller account sizes. Many competitors offer more affordable entry points or free retakes after failures, which Dominion Funding does not currently provide.

However, there are discounts offered on selected challenge(s) from time to time.  Do check out its latest discount at Dominion Funding website.

Scaling and Growth Opportunities

Dominion Funding offers a scaling plan that allows traders to grow their account size up to $400,000. This is achieved by merging several challenges rather than through a traditional scaling program where account sizes increase based on performance milestones.

The maximum allocation of $400,000 is somewhat lower than what some competitors offer, with several established prop firms providing scaling options up to $1,000,000 or more. However, for most retail traders, a $400,000 account should provide sufficient capital to generate meaningful returns.

Dominion Funding offers an 80% profit split for traders across all account sizes and challenge types. This is at the higher end of the industry standard, which typically ranges from 70% to 80%. 

According to their website, payouts are processed within 48 hours, with an option to receive a 1.5x reward multiplier under certain conditions. The firm does not charge withdrawal fees, which is a positive aspect. 

Dominion Funding strictly avoids business dealings with individuals or entities listed in the sanctions registers of the United Nations (UN), the European Union (EU), and the Office of Foreign Assets Control (OFAC).

Access not permitted to residents of: Afghanistan, Barbados, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Guinea-Bissau, Iran, Iraq, Libya, Mali, Myanmar, North Korea, Russian Federation, South Sudan, Sudan, Syria, United Arab Emirates, United States, Venezuela, Yemen.

a) FOR SCALPERS

Recommended Plan: 1-Step Standard Challenge

Why: Scalpers benefit from the raw spreads, low latency, and fast execution that Dominion Funding advertises. The 1-step model allows scalpers to get funded faster, which is advantageous for a trading style that relies on high frequency, short-term trades. The higher leverage (1:30) also provides the capital efficiency that scalpers typically need.

Considerations: Scalpers should ensure they understand any restrictions on trading around news events or specific time frames, as these are common limitations in prop firms but weren't explicitly mentioned in the available information.

b) FOR SWING TRADERS

Recommended Plan: 2-Step Swing Trading Challenge

Why: Swing traders who hold positions overnight or for several days would benefit from a challenge specifically designed for this trading style. The 2-step model, while taking longer to complete, may provide more realistic expectations and preparation for consistent long-term performance.

Considerations: Swing traders should verify if there are any restrictions on holding positions over weekends or any additional margin requirements for overnight positions. The main drawback is the weekend trading restriction, which forces position closures before market close on Friday. This can be problematic for swing traders who often hold positions over weekends to avoid intraweek volatility.

c) FOR DAY TRADERS

Recommended Plan: Either 1-Step or 2-Step Standard Challenge, depending on experience level

Why: Day traders who close positions by the end of each session but make multiple trades per day would benefit from Dominion Funding's execution quality. More experienced day traders might prefer the 1-step model for faster funding, while those still refining their strategy might benefit from the additional verification phase in the 2-step model.

Considerations: Day traders should check for any restrictions on trading volume or specific instruments during high-volatility periods.

d) FOR ALGORITHMIC TRADERS

Recommended Plan: Either the Standard or Swing One-step Challenge would be suitable depending on the algorithm's trading frequency and holding period.

Why: Algorithmic traders will appreciate that Dominion Funding explicitly allows EAs and supports automated trading systems through the cTrader platform. The raw spreads and fast execution benefit algorithmic strategies that rely on precise entry and exit points.

Considerations: The main challenges are the news and weekend trading restrictions, which require algorithm modifications to comply with the firm's rules. The lack of a free trial to test algorithm performance in their environment is also a drawback.

Dominion Funding is a relatively new proprietary trading firm offering funded trading opportunities through various challenge programs. With its advanced cTrader platform, diverse market access, competitive 80% profit split, and multiple challenge options, it presents several attractive features for traders seeking funding.

However, the firm's recent establishment in 2024, limited trader reviews.

For traders considering Dominion Funding, the decision should be based on individual trading style, experience level, and specific needs:

• Experienced scalpers with disciplined risk management might find value in the Standard One-step Challenge.

• Swing traders are likely to be well-served by the Swing Two-step Challenge.

• Position traders and novice traders may want to explore alternatives more aligned with their specific requirements.

• Algorithmic traders can benefit from the EA support on cTrader through the Standard Two-step Challenge.

As with any financial decision, potential users should conduct thorough due diligence, carefully review all terms and conditions, and consider starting with smaller account sizes to test the waters before committing significant resources.

The proprietary trading firm landscape continues to evolve rapidly, and Dominion Funding's relatively recent entry means that its reputation and offerings may develop further over time. Traders should stay informed about updates to the firm's policies, fee structures, and user feedback as more reviews become available.