Klein Funding: News and updates

Klein Funding Launches 'Cleo': A New Simplified Funding Plan with Daily Rewards

Klein Funding has announced the launch of "Cleo," its innovative funding plan designed to offer clearer and more straightforward trading conditions to its traders. This new program, operating on an updated platform, aims to eliminate unnecessary friction and provide a fair shot at getting funded. This follows recent changes to their trading program. Key Features of the Cleo Plan The "Cleo" plan is distinguished by several key features that set it apart from previous offerings: No Stability Score: The stability rule has been removed, simplifying requirements for traders. Daily Rewards: Traders can now withdraw their profits daily, offering greater flexibility and liquidity. If this model interests you, check out our guide on what instant funding is and when it makes sense. Binance Liquidity: The plan leverages Binance liquidity, providing a robust trading environment. One Phase: The evaluation process is simplified to a single phase. Learn more in our complete guide to one-step challenges. Static Drawdown: The maximum drawdown is calculated from the initial balance, providing a clear and consistent metric. Clear Conditions: The plan aims to offer transparent rules without complex additional conditions. Detailed Conditions of the Cleo Program Below are the detailed specifications of the new "Cleo" plan: Profit Target The profit target varies depending on the plan configuration: One Step: A target of 10% to 14%. Flex: A target of 9%. Maximum Drawdown The maximum drawdown is static and calculated from the initial account balance. This limit ranges from 3% to 8%, depending on the selected plan. Daily Drawdown The daily drawdown limit is set between 3% and 4%, adjusting according to the plan's specific configuration. Minimum Trading Days (Min Trading Days) No minimum number of trading days is required. Participants can complete the challenge at their own pace. Profit Split Traders can expect a profit split ranging from 60% to 90%. Higher-tier plans offer higher split percentages. To compare with other firms, check our complete prop firm profit split analysis. Leverage Available leverage is up to 1:5: BTC, ETH: 1:5 Other assets: 1:2 Reward Schedule Rewards are daily, allowing traders to withdraw their earnings every day. No Stability Rule Klein Funding has eliminated the stability rule, significantly simplifying the evaluation and funding criteria. Cleo Account Options: Standard and Flex The "Cleo" plan is offered in two main variants, "Cleo Standard" and "Cleo Flex," both available for accounts ranging from $5,000 to $100,000. Cleo Standard Profit Split: 70% Drawdown Type: Static Max Drawdown: 6% Daily Drawdown: 3% Rewards: On Demand (Daily) Profit Target: 10% Cleo Flex Profit Split: 70% Drawdown Type: Static Max Drawdown: 3% Daily Drawdown: 3% Rewards: On Demand (Daily) Profit Target: 9% With the launch of "Cleo," Klein Funding reaffirms its commitment to providing equitable and transparent trading conditions, seeking to empower traders to achieve their goals efficiently.