Traderseed is a trading platform founded by Kieran in 2019 to provide new and unique trading programs to help aspiring traders develop the skills required to be successful with a proprietary trading firm. The platform offers a fixed-payout concept, where traders know in advance what their payout will be for each challenge they undertake. The challenges are multi-level and progressively get more difficult, with higher levels offering bigger payouts. In this review, we will dive deep into the features and offerings of Traderseed to evaluate its suitability for prop traders and those looking to improve their trading skills.
A Unique Approach to Trading Programs: Not Just Another Prop Firm
Traderseed differentiates itself from traditional proprietary trading firms by offering a different approach to trading programs. While prop firms are known for their stringent evaluation process and relatively low payout chances, Traderseed aims to provide a platform where traders can learn and grow while still earning substantial payouts along the way. This is particularly appealing for traders who want to improve their skills and experience without the extreme pressure of prop firm evaluations.
Fixed Payout Challenges: Transparent and Rewarding
One of the standout features of Traderseed is its fixed-payout model. Traders always know in advance what their payout will be for each challenge they undertake, providing transparency and predictability. This is in contrast to traditional prop firms where payouts are often uncertain, and only a tiny percentage of traders receive payouts. With Traderseed, passing higher-level challenges leads to bigger payouts, giving traders the motivation to continually improve.
Bigger Drawdowns: Providing Room for Growth
Traderseed offers an industry-leading 15% Maximum Loss limit, which is significantly larger than what most prop firms allow. This larger drawdown allowance enables traders to keep their accounts for longer, providing more opportunities to gain experience and hone their trading skills. It also encourages traders to take calculated risks and develop robust risk management strategies.
Built-in Risk Management: Preventing Catastrophic Losses
The platform has purposefully configured the leverage of its accounts to be lower than what is commonly offered by prop firms. This approach mitigates the risk of traders blowing up their accounts with just a few losing trades. By encouraging sensible risk management practices, Traderseed helps traders develop the discipline required to succeed in the competitive trading landscape.
Higher Likelihood of Payout: Earning from the First Challenge
Unlike prop firms where a small percentage of traders receive payouts, Traderseed offers a refreshing change. Traders receive a payout from the very first challenge they complete, making it 10 times more likely to receive a payout compared to traditional prop firm evaluations. Moreover, the platform offers a full refund after successfully passing the first challenge, further enhancing the appeal for aspiring traders.
Experience Trading Large Accounts: Preparing for Success
Traderseed may have low costs, but it offers traders the opportunity to experience trading large accounts. This unique feature conditions traders to handle significant amounts of capital and prepares them for the psychological pressure that comes with trading with higher stakes. This experience can be invaluable when transitioning to larger trading platforms or prop firms.
Lucrative Payouts: Rewarding Talent
Despite the low cost of joining programs, Traderseed’s fixed-payout challenges are designed to offer substantial payouts to talented traders. Earning up to 30 times the price paid to join a program provides a strong incentive for traders to succeed and continually improve their trading strategies.
Personalized Support: Guidance Throughout the Journey
Traderseed prides itself on providing personalized support to its users. With Kieran leading the platform, traders can reach out with any questions or concerns at any time. Additionally, the platform offers to review traders’ accounts and provide support in their trading development journey, adding significant value to the overall experience.
The Fixed Payout Challenges: A Closer Look
Traderseed offers three primary fixed-payout challenges, each tailored to suit traders with varying risk appetites and skill levels. Let’s delve into the specifics of each challenge:
1. 20X Challenge: Striking a Balance
The 20X Challenge is the entry-level program on Traderseed. It is designed to work on traders’ trading strategies, encourage sensible risk management, and eliminate overleveraging that often leads to account blowouts. The challenge operates with a low leverage of 5:1, a 15% maximum drawdown, and a 4% maximum daily loss. Traders can scale their accounts by 100% and have 60 days to complete each challenge. Additionally, after successfully passing the first challenge, traders receive a full refund, further incentivizing growth and learning. Challenges start at $100, making it accessible to traders with different budget constraints.
2. 30X Quest: Embracing Higher Stakes
The 30X Quest is the intermediate-level challenge that takes traders a step further in their journey. It offers larger accounts with higher leverage (10:1), allowing traders to test their trading strategies with wider loss limits and ample buying power. The challenge comes with a 12% maximum drawdown and a 7% maximum daily loss. Similar to the 20X Challenge, traders can scale their accounts by 100% and have 60 days to complete each challenge. The payout for successfully passing this challenge is an impressive 30 times the entry fee. Challenges for the 30X Quest start at $75, making it an attractive option for traders seeking a higher reward-to-risk ratio.
3. Aggressive 20X Challenge: For the Risk Takers
The Aggressive 20X Challenge is an alternative version of the initial 20X Challenge, designed for traders who prefer high-risk strategies and want to experience trading with greater buying power and higher leverage (100:1). With a 10% maximum drawdown and a 5% maximum daily loss, this challenge pushes traders to manage large, high-leverage accounts, thus attuning their trading psychology to handling riskier positions. Traders can scale their accounts by 100% and have 60 days to complete each challenge. The payout for successfully passing this challenge is 20 times the entry fee, making it an attractive option for those willing to embrace higher risk.
Final Thoughts on Traderseed
Traderseed presents an innovative and appealing proposition for aspiring traders looking to improve their skills and earn significant payouts. Its unique fixed-payout challenges, combined with personalized support from Kieran, make it stand out from traditional proprietary trading firms. The emphasis on risk management, larger drawdown allowances, and the opportunity to experience trading large accounts provide an ideal environment for traders to grow and develop their strategies.
However, it’s essential to remember that trading always carries inherent risks, and no platform or program can guarantee success. Traders should approach Traderseed with a growth mindset, focus on continuous improvement, and practice disciplined risk management to achieve long-term success in the challenging world of trading. With the right approach and mindset, Traderseed can serve as a valuable platform for prop traders and those seeking to excel in the trading arena.
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.