SiegPath Review: Plans, Rules, and How It Compares

SiegPath

SiegPath is a Hong Kong-based proprietary trading evaluation firm that was founded in 2016 and originally operated as SiegFund. It runs a two-stage model: traders buy a SiegEvaluation challenge on the firm's proprietary Sieg Terminal platform through broker KCM Trade, and those who become SiegCertified are allocated simulated capital by the partner licensed private fund Framsteg Ltd. The firm sells four evaluation routes - 1 Step Express, 2 Step Standard, 2 Step Flex and a 30-day 10K Flash Challenge - across five simulated account sizes from $5,000 to $100,000, priced from $55. SiegPath reports more than 65,000 registered traders and over 4,000 certified traders. The operating entity, Sieg Evaluation Limited, is registered in Wan Chai, Hong Kong under company number 77606483, holds no financial services licence, and states that it is not a broker and that all trading is simulated.

Plans and pricing

SiegPath sells four evaluation programs. The 1 Step Express route runs a single phase with an 8% profit target, a 3% daily loss limit and a 6% trailing maximum drawdown, over a 180-day evaluation period with a 3-day minimum trading requirement. It is priced at $65 for the $5,000 account, $105 for $10,000, $205 for $20,000, $305 for $50,000 and $585 for $100,000.

The two 2-step routes are priced identically to each other: $55 for $5,000, $95 for $10,000, $190 for $20,000, $290 for $50,000 and $570 for $100,000. Both carry a 10% profit target in phase 1 followed by 5% in phase 2, a 5% daily loss limit and a 10% static maximum drawdown, with 180 days per phase and a 4-day minimum trading requirement. The difference between them is not price but permissions: 2 Step Standard offers maximum leverage of 1:100 on currency pairs, while 2 Step Flex is capped at 1:30 but is the only route on which weekend position holding is permitted.

The 10K Flash Challenge is a single $210 product on a $10,000 account. It compresses the evaluation into 30 days with a 5% profit target, a 2.5% daily loss limit, a 5% trailing maximum drawdown, no consistency rule and no minimum trading days. Its profit share is 50%-90%, lower at the base than the 80%-90% the other three routes carry.

Prices above are the checkout subtotal. SiegPath applies a first-entry discount to a trader's first purchase of a given account size, which brings the $5,000 1 Step Express to $52.00 and the $5,000 2-step routes to $44.00 at checkout. Later purchases of the same account size are charged the subtotal.

Rules summary

Drawdown type differs by route: 1 Step Express and the Flash Challenge use a trailing maximum drawdown (6% and 5% respectively), while both 2-step routes use a static 10% maximum drawdown. News trading is allowed, so traders may trade through significant economic events and announcements. High-frequency trading is allowed and traders may use rapid algorithm-based strategies, with no commission charged for placing an order. Expert advisors and copy trading are both permitted.

Hedging is prohibited, as is group trading and holding two or more accounts trading the same product. Weekend holding is permitted only on the 2 Step Flex evaluation; on every other route positions must be closed 10 minutes before Friday market close, and trades left open are closed automatically, which is treated as a soft breach with trading resuming when markets reopen. All accounts may trade cryptocurrencies over the weekend. Margin usage is capped at 75% of real-time equity, and accounts carry a 30-day inactivity limit. Consistency targets are 0.3% or 0.5% depending on account size, held for 3 days on 1 Step Express and 4 days in phase 1 on the 2-step routes.

Pros and cons

Pros

• Evaluation windows of 180 days per phase, considerably longer than the 30-day limits common at other firms, and no minimum trading days on the Flash Challenge.
• News trading and high-frequency trading are both explicitly allowed, and SiegPath charges no per-lot commission on order placement.
• The evaluation fee is refunded to traders who pass on 1 Step Express, 2 Step Standard and 2 Step Flex, once per account size per client, processed within 24 to 48 hours.

Cons

• Sieg Evaluation Limited holds no financial services licence, all trading is simulated, and fees are non-refundable service fees except where a passing trader qualifies for the refund.
• Trading is confined to the proprietary Sieg Terminal platform through a single broker, KCM Trade, with no MetaTrader or cTrader option.
• TrustPilot carries 16 reviews, a thin base relative to firms of comparable age, and the firm publishes two different payout schedules on the same page (every 14 days in the programme description, monthly in a marketing heading).

How SiegPath compares

Against three other CFD firms with entry prices in the same range, SiegPath sits mid-pack on profit split and behind on review volume.

SiegPath's entry price of $55 is marginally above all three, and its 80%-90% profit split is broadly in line with the 90% ceiling each of the others advertises. Its 14-day payout cycle matches Lark Funding and is slower than TakeCap FT's on-demand processing. The clearest gap is review volume: SiegPath's 16 TrustPilot reviews compare against 833 for NEOM Funded, 524 for Lark Funding and 236 for TakeCap FT, so there is substantially less independent trader feedback available on SiegPath than on any of the three. Where SiegPath differentiates is evaluation length. Its 180-day-per-phase window is a materially longer runway than most fixed-window evaluations, and the $210 Flash Challenge offers a 30-day route with no minimum trading days for traders who prefer a shorter cycle.

Verdict

SiegPath is a reasonable fit for traders who want a long evaluation runway and permissive strategy rules. The 180-day-per-phase window, the explicit allowance of news trading and high-frequency strategies, the absence of order-placement commission and the fee refund on a pass are the concrete reasons to consider it. Traders who need MetaTrader or cTrader, who want to hedge, or who intend to hold positions over the weekend on anything other than the 2 Step Flex route will find the rules restrictive. The firm's 16-review TrustPilot base means there is limited independent feedback to weigh against its own claims, and prospective traders should note that the operating entity holds no financial services licence and that all trading is simulated. Anyone planning to size up should also confirm availability of the $200K and $400K tiers directly with the firm before purchasing, since those tiers are advertised in the Programme Rules but are not currently selectable at checkout.

Sources: SiegPath checkout (client.siegpath.com/evaluation), SiegPath Programme Rules PDF (static.siegpath.com), siegpath.com homepage and FAQ, siegpath.com/docs/terms-conditions, and trustpilot.com/review/siegpath.com. Verified 2026-09-05.