In the fast-paced world of online trading, finding a platform that offers traders an edge can be a game-changer. Traders With Edge is one such platform that claims to provide traders with a unique opportunity to trade over 700 assets with their funds and offers substantial profit-sharing. In this review, we will delve deep into the features, account types, and the trader funding process offered by Traders With Edge, evaluating whether it lives up to its promises and provides traders with a competitive advantage.
Account Types and Capital Sizes
Traders With Edge offers three distinct account types, each with standard and aggressive modes. Let’s take a closer look at these account types and the capital sizes available:
1) 1 Phase – Turtle:
- Capital Sizes: $5,000, $10,000, $25,000, $50,000, $100,000, $200,000, $500,000, $1,000,000
2) 2 Phase – Hare:
- Capital Sizes: $5,000, $10,000, $25,000, $50,000, $100,000, $200,000, $400,000
3) Instant:
- Capital Sizes: $2,500, $5,000, $10,000, $20,000, $40,000
Each account type provides traders with various capital options, allowing them to choose an amount that aligns with their risk tolerance and trading goals. This flexibility is a significant advantage, as it caters to both novice and experienced traders.
Profit Targets and Loss Limits
Traders With Edge has established clear profit targets and loss limits for its different account types and modes. Let’s break down these parameters for a better understanding:
1 Phase – Turtle:
Standard Challenge:
- Profit Target: 10% in Phase 1, no target in funded stage
- Max Daily Loss: 2.5% in both Phase 1 and funded
- Max Loss: 5% in both Phase 1 and funded
- Min Time Days: 10 days (Phase 1 only)
- Maximum Time Days: Unlimited
- Account Leverage: 1:20 in both Phase 1 and funded
Aggressive Challenge:
- Profit Target: 20% in Phase 1, no target in funded stage
- Max Daily Loss: 5% in both Phase 1 and funded
- Max Loss: 10% in both Phase 1 and funded
- Min Time Days: 10 days (Phase 1 only)
- Maximum Time Days: Unlimited
- Account Leverage: 1:20 in both Phase 1 and funded
2 Phase – Hare:
Standard Challenge:
- Profit Target: 10% in Phase 1, 5% in Phase 2, no target in funded stage
- Max Daily Loss: 5% in both Phase 1 and Phase 2, funded
- Max Loss: 10% in both Phase 1 and Phase 2, funded
- Min Time Days: 5 days (Phase 1 and Phase 2 only)
- Maximum Time Days: Unlimited
- Account Leverage: 1:50 in both Phase 1, Phase 2, and funded
Aggressive Challenge:
- Profit Target: 20% in Phase 1, 10% in Phase 2, no target in funded stage
- Max Daily Loss: 10% in both Phase 1 and Phase 2, funded
- Max Loss: 20% in both Phase 1 and Phase 2, funded
- Min Time Days: 5 days (Phase 1 and Phase 2 only)
- Maximum Time Days: Unlimited
- Account Leverage: 1:50 in both Phase 1, Phase 2, and funded
Instant:
Standard Challenge:
- Scaling Target: 10%
- Max Loss Static: 5%
- Min Time Days: 5 days
- Max Days on Level: Unlimited
- Account Leverage: Up to 1:20
Aggressive Challenge:
- Scaling Target: 20%
- Max Loss Static: 10%
- Min Time Days: 5 days
- Max Days on Level: Unlimited
- Account Leverage: Up to 1:50
These predefined profit targets and loss limits provide traders with a clear framework for their trading activities, helping them manage risk effectively. It’s worth noting that the leverage offered varies based on the account type and mode, which is a crucial factor to consider when choosing an account.
The Trader Funding Process
Traders With Edge offers a four-phase trader funding process that aims to evaluate and support traders in their journey to becoming successful traders. Let’s take a closer look at each phase:
Phase 1: Show Us You’ve Got The Skills To Pay The Bills
In this initial phase, traders are required to trade a demo account to reach a specific profit target without violating any rules set by Traders With Edge. This phase serves as a way for traders to demonstrate their skills and discipline.
Phase 2: Funded!
Once a trader successfully completes Phase 1, they become a Trader With Edge, and the platform funds an account for them. Traders are allowed to keep most of the profits they generate during this funded stage, offering a substantial incentive.
Phase 3: Scale Your Capital
The scaling phase provides traders with the opportunity to grow their trading capital beyond the initial challenge amount. Traders can choose from two scaling plans, and if they meet ongoing objectives, Traders With Edge continues to top up their account size, potentially reaching up to $3 million USD.
Phase 4: The Big League
After trading with Traders With Edge for a minimum of two years and demonstrating consistent performance, traders become eligible to enter the Big League. During this phase, the platform prepares and presents traders to larger institutions that can fund them with up to $30 million.
This four-phase process offers a clear path for traders to progress from proving their skills to potentially managing substantial capital. It provides a structured approach to trader development, which can be beneficial for both novice and experienced traders.
Traders With Edge Coupon Codes & Discount
Traders With Edge is a prop firm that offers trader funding and training for various types of traders. If you are interested in joining their program, you might be wondering how to get discounts on their participation fees using coupon codes. Here are some tips to help you save money and start your trading journey with Traders With Edge:
- Check their website regularly for any promotions or special offers. They may often announce discounts on their social media channels as well, so you may want to make sure to follow them on Facebook, Twitter, Instagram and YouTube.
- Join their affiliate program and earn commissions for referring other traders to their program. You can use your commissions to pay for your own participation fees or withdraw them as cash. You may also get access to exclusive coupon codes and bonuses as an affiliate.
- Subscribe to their newsletter and get notified of any new coupon codes or deals. They also send out valuable trading tips and insights that can help you improve your skills and performance.
- Look for coupon codes on third-party websites or blogs that review or promote Traders With Edge. Some of them might have exclusive or limited-time offers that you can take advantage of.
- Contact their support team and ask if they have any coupon codes available for you. They might be able to offer you a discount based on your trading experience, goals or needs.
These are some of the ways you may be able to get discounts on Traders With Edge using coupon codes. Remember that the best way to save money is to trade well and pass the challenge account as soon as possible. That way, you can start earning profits from your funded account and enjoy the benefits of being a funded trader with edge. Good luck!
Conclusion
Traders With Edge offers a comprehensive platform for traders looking to access substantial trading capital and profit-sharing opportunities. With a wide range of account types, clear profit targets, loss limits, and a well-defined trader funding process, the platform caters to traders with varying levels of experience and risk tolerance.
The flexibility in choosing capital sizes and the opportunity to scale trading capital make it an attractive option for traders seeking to expand their trading career. However, as with any trading opportunity, it’s essential for traders to carefully consider their risk management strategies and trading objectives before embarking on their journey with Traders With Edge.
Overall, Traders With Edge provides a competitive edge in the world of trader funding, and its structured approach to trader development can help traders achieve their financial goals in the realm of online trading.
FAQ
What is Traders With Edge’s maximum drawdown?
Traders With Edge’s maximum loss is 20%, which is in the Aggressive Challenge.
What is Traders With Edge’s profit target?
Traders With Edge’s profit target is 10% in the Standard Challenge & 20% in the Aggressive Challenge.
What are Traders With Edge’s minimum and maximum trading days?
Traders With Edge’s minimum trading days is 5 days, but there is no maximum trading days.
What are Traders With Edge’s challenge fees?
Traders With Edge’s challenge fees range from $55 to $12,000, depending on the account type and trading capital.
Does Traders With Edge offer a retry?
According to the web search results, it seems like Traders With Edge offer a retry.
Does Traders With Edge offer a fee refund?
According to the web search results, it seems like Traders With Edge does not offer a fee refund.
What is Traders With Edge’s profit split?
Traders can earn a profit split of 50% of their profit target.
Does Traders With Edge offer a scaling plan?
Yes, Traders With Edge offers a scaling plan.
Does Traders With Edge allow expert advisors?
Yes, Traders With Edge allows expert advisors.
Does Traders With Edge offer a free trial?
A free trial of Traders With Edge’s software is available on request via the live chat or support ticket. The free trial is an abbreviated version of the Traders With Edge Challenge for you to familiarize yourself with their platforms, trading rules and get a sneak peek of what it’s like trading with Traders With Edge. The trial is also a sandbox where new traders can practice, hone their skills and improve their trading acumen.
Success in a free trial means you have a great chance of being successful in the Traders With Edge Challenge. Note that the free trial does not provide eligibility to a funded trader account. Traders still need to pass the Traders With Edge Challenge to become a funded trader.
What is Traders With Edge’s minimum deposit?
According to their website, Traders With Edge Limited is not a broker, does not accept deposits for brokers and does not provide any investment services. Traders With Edge Limited does not act as or conduct services as a custodian. Purchases of programs should not be considered deposits. All program fees are used for operating costs including, but not limited to, staff, technology and other business related expenses.
What are Traders With Edge’s brokers?
Traders With Edge uses Eightcap, an online forex and CFD broker catering to clients worldwide, that offers an array of trading services. Eightcap operates under the regulatory oversight of both the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), renowned authorities in the financial sector. With Eightcap, traders can access various trading instruments, such as forex, commodities, indices, and cryptocurrencies.
What are Traders With Edge’s platforms?
Traders With Edge uses MT4 & MT5.
What is Traders With Edge’s leverage?
Traders With Edge’s leverage is 1:20 in the 1-Phase Challenge & 1:50 in the 2-Phase Challenge.
Is Traders With Edge legit?
Traders With Edge is a prop firm that claims to offer trader funding and training for various types of traders. However, whether it is legit or not is a matter of opinion and personal experience. Based on web search results, it seems that Traders With Edge is a legitimate prop firm that offers some advantages for traders who want to get funded and learn from their program. However, it also has some limitations and challenges that might affect the trading experience and results. Therefore, it is advisable to do your own research and due diligence before joining any prop firm. You should also read their terms and conditions carefully and understand their rules and policies. Ultimately, the success or failure of your trading journey depends on your own skills, discipline, and risk management.
Traders With Edge’s alternatives
If you are looking for alternatives to Traders With Edge, there are many other forex prop trading firms that offer similar or different features. A few of these prop firms that you could consider are FTMO, Funded Trading Plus, and Topstep.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
