Traders With Edge Review 2024

Traders With Edge

Traders With Edge has built a nice reputation for itself, the prop trading firm has quickly become a popular choice for many traders. The platform was built to offer traders more affordable and flexible ways to get educated and funded by a professional proprietary trading firm. And so far, it seems to have been a successful journey for them.

Traders With Edge is a proprietary trading firm that focuses on education and funding traders who want to quit their day job and start trading full-time, or who are already trading and want to increase their income by trading a larger account.

Their mission is to fund at least 25,000 traders by the end of year 2025, changing the lives of many individuals along the way.

The firm plans on doing this by offering the education, support and funding capital that will enable traders around the world to reach their full potential and build a trading career.

One of the most appealing aspects of Traders With Edge is their wide variety of programs and account options. Whether you’re just starting with trading or you’re a professional, the prop firm has a challenge that’s right for you. And their challenge accounts can be customized to align with your personal needs and goals.

Another great feature of Traders With Edge is their newly launched Instant Funding Program. This program allows you to get started with trading right away, without having to go through a traditional funding process.

Traders With Edge looks to put their potential traders through some evaluation before allowing them to trade with real money. After signing up for one of their programs, traders receive a demo account with specific requirements to pass the test.

If they successfully pass, they receive a funded account and can earn profits from their trading skills.

Traders With Edge calls its 2 programs challenges, as they both start with demo accounts to see if you have the talent to become a funded trader. Both challenges follow the same basic guidelines but have different profit targets.

Once you successfully complete a challenge, you become a funded trader and can start generating profits with your trading.

Turtle Account

As you may guess, the Turtle Account is slower paced with smoother requirements for passing the challenge. There are two account types, one being the Standard Account and the Aggressive Account, both accounts with a 1-phase challenge,

The Standard Account has a 1:20 leverage.

Traders have up to 365 days to search the markets for the best trading opportunities, with the main goal of reaching a 10% profit target. Except for Aggressive account, the profit target is 20%.

There is a wide range of starting capital amounts to choose from, starting as small as $5,000 ranging all the way up to $1,000,000.

It is crucial to make sure that the account does not drop more than 2.5% in a single day or 5% in total from your initial equity amount.

If one of these violations is breached, your account will be terminated, and you will have to start over from scratch with a new account.

Should you succeed, Traders With Edge will promote you to a funded trader, where you will get to keep 80% of any profits you will earn from your trading,

Hare Account

The Hare Account is for faster paced traders that want to start turning a profit in the shortest amount of time. It also offers two types of accounts, the Standard Account, and the Aggressive Account. They both have a 1:50 leverage.

The Standard Account options range from $5,000 to $50,000 in your demo account. ($100,000 and $200,000 coming soon)

This challenge has two phases, in the Standard Accounts, Phase 1 requires a 10% profit in 30 days and a 5% profit in 60 days in the Phase 2.

As for the Aggressive Accounts, Phase 1 requires a 20% target profit in 60 days and 20% profit in the Phase 2 of the program.

Both phases must not fall below a 5% maximum daily loss or an overall max loss of 10% from initial equity.

If you successfully make it through both phases, you will score a funded trading account and become eligible to keep 80% of the profits you bring in.

Instant Accounts | Profit Target & Scaling

Standard Account

The profit target to reach the next level of the Instant Standard Account is 10%. Traders are free to make withdrawals from their account, this will not affect their profit target to scale.

For example, if you make a 6% profit, make a 6% withdrawal from your funded account, and then make another 4% profit, you would still be eligible to scale to the next level.

Aggressive Account 

The profit target to reach the next level of the Instant Aggressive Accounts is 20%. Again, traders are free to make withdrawals from their funded account as they wish, and it would not affect their profit target to scale.

For example, if you make a 12% profit, make a 12% withdrawal from your trading account, and then make another 8% profit, you would still be eligible to scale to the next level.

Traders With Edge has a wide range of pricing depending on which challenge you choose and the amount of starting capital you choose to trade with.

Turtle Account Pricing:

The Turtle Account has got the most initial trading account options, ranging from $5,000 all the way up to $1,000,000. At the low end of the range, it costs only $55 to sign up for a Standard Account and starting the Phase 1 challenge at the $5,000 initial capital mark. Should you choose to get funded with $1,000,000 account, you will have to lay down $7,500 to participate.

Below you will find a breakdown of all account options and participation fees.

Standard Options:

  • $5,000 – $55
  • $10,000 – $100
  • $25,000 – $250
  • $50,000 – $450
  • $100,000 – $750
  • $200,000 – $1,500
  • $500,000 – $3,500
  • $1,000,000 – $7,500

Aggressive Options:

  • $5,000 – $110
  • $10,000 – $200
  • $25,000 – $500
  • $50,000 – $900
  • $100,000 – $1500
  • $200,000 – $3,000
  • $500,000 – $7,000
  • $1,000,000 – $15,000

Hare Account Pricing:

Hare Account pricing is a bit higher since it presents a greater reward for the risk. There are two phases for the Hare challenge, but the participation fee is waived for phase 2.

Initial trading capital ranges from $5,000 to $100,000 and will soon be raised to $200,000 for the Standard Account type.

Standard Options:

  • $5,000 – $69
  • $10,000 – $110
  • $25,000 – $220
  • $50,000 – $330
  • $100,000 – $550
  • $200,000 – (coming soon)

Aggressive Options:

  • $5,000 – $138
  • $10,000 – $220
  • $25,000 – $440
  • $50,000 – $660
  • $100,000 – (coming soon)

Instant Account Pricing:

Instant Account pricing is obviously the most expensive program. At the time of writing there are four instant funding options, from $2,500 up to $20,000, but a fifth one of $40,000 is in the work and should soon be available.

Below is a breakdown of all account options and participation fees:

Standard Options:

  • $2,500 – $125
  • $5,000 – $250
  • $10,000 – $500
  • $20,000 – $1000
  • $40,000 – (coming soon)

Aggressive Options:

  • $2,500 – $250
  • $5,000 – $500
  • $10,000 – $1000
  • $20,000 – (coming soon)
  • $40,000 – (coming soon)

It is also important to note that Traders With Edge offers a 14-day free trial prop firm challenge. Take a Free Trial to see what it would be like to become a funded trader!

Last important point, there are no hidden fees with Traders With Edge. The one-time fee for the Traders With Edge Challenge is the only investment you’ll make. 

There are no recurring monthly fees and No withdrawal fees.

Traders With Edge is a proprietary trading firm that has always been about the community. It’s also one of the best ways to discover talented traders. The prop firm offers a wide range of programs that traders can choose from, and they also actively engage with their community through their website. This allows traders to communicate with one another directly on the platform, rather than chatting through a third-party app which is the reason why the prop firm has built a community section on their website including leaderboard, competitions, and insights. This allows traders to interact with each other directly on the platform.

The Traders With Edge community is a great place for traders to connect and share trade ideas and find answers. Members can ask questions, learn about new and improved trading strategies, and seek advice from experienced traders. The community is also the perfect place to keep your trading journal and track your progress. Additionally, the Traders With Edge support team is always available to answer questions traders may have. Whether you are a starting your trading career or you are an experienced trader, the Traders With Edge community is a great place to socialize and get for all your trading needs.

Traders With Edge’s community platform offers a great way for traders to earn discounts on various programs and educational tools from Traders With Edge. Community members have the ability to earn points that they can be used to purchase products, and traders can earn occasional discounts of up to 50% using their gained points. Additionally, traders can quickly earn a discount of up to 20% off by heading to the Exclusive Traders With Edge – Funded Program discount page.

Since its inception, Traders With Edge has been helping traders build their trading career and achieve their financial goals. And in recent months, the platform has been getting more and more spotlight. This is due in part to the recent rise of the prop trading industry that has been getting more traction recently but also because of the unique features that Traders With Edge offers as a prop firm.

  • A wide variety of programs to choose from, tailored to meet the needs of traders of all experience levels
  • Customization of your challenge accounts
  • They offer a wide range of tradable assets
  • They recently launched their Instant Funding program
  • Community section including current leaderboard, insights, and trading competitions to join for free to win prizes.

These features have helped make Traders With Edge one of the most popular firms in the prop trading space. And as word spreads about the advantages of Traders With Edge funding programs and the rise of the industry as a whole, even more traders are making the switch. If you are looking for a reliable and affordable way to get started with trading without risking your own capital, or if you’re looking for a way to take your trading career to the next level, Traders With Edge could be the right place for you.

Traders With Edge is all about helping you become a successful funded trader and make profits wherever you choose to invest. The platform offers several tools that equip you to do just that, trade successfully.

The sky is the limit when it comes to making trades with Traders With Edge. Whether still in a challenge phase or a fully funded trader, you can trade in several financial markets.

The following assets are all available with a Traders With Edge account:

  • US or AU Stocks
  • Indices
  • Commodities
  • Digital Currencies
  • Forex
  • Metals
  • When signing up, you can choose between the MT4 or MT5 trading platforms.
  • MT5 unlocks hundreds more assets to trade, but some folks report it’s a little more complex than MT4.
Mentoring

Traders With Edge profits when their traders do, so it’s in their best interest to give traders the tools they need to succeed. The website features a handful of videos offering all the information needed including the various rules, trading tips, and how to benefit from these challenges.

In addition, there’s a community section where you can chat with other traders about trade ideas or ask for advice.

Traders can also take special courses and get mentoring from some pro traders to give themselves the best chance at success.

The entire phase 1 of the challenge is a demo account where traders can demonstrate their trading skills. Avoid making trading mistake is a must, but the prop firm will help work through issues, so traders don’t lose out in the long game.

Account Metrics

After signing up for a funded program, traders will have access to a dashboard with their account information listed therein.

The information provided appears in real-time, so traders can make changes on the fly.

If traders happen to make a violation during any of the challenges, they will be immediately notified through a linked email address.

Scaling Plans

Traders With Edge offers two scaling plans, the Organic scaling, and the Rapid scaling. Two plans to accommodate all type of trading styles.

Organic Scaling

Organic Scaling would fit those who want to see payments in a short-term period. The process requires sacrificing larger medium-term profits for short-term gains.

Whenever someone withdraw from their account, the account is set back to the balance at the beginning of the challenge.

Rapid Scaling

Rapid Scaling would work best for those interested in trading a large account quickly. Choosing this scaling plan forces traders to keep their profit share in the account, and Traders With Edge will continue to top it off each month as needed. The team works to balance maximum risk, allowing traders to build toward a $1,000,000 funded account the fastest. Traders can start withdrawing profits once they reach a desired balance.

When traders are ready to withdraw funds out of their account, they can do so through BTC, Wise, USDT, or a bank transfer. All you need is to have scored a funded account and have traded for a minimum of ten days.

Withdrawals can only happen once every 14 days, so keep that in mind when dipping into your earnings. Traders With Edge will remove its share of the profits at the same time, so this will affect your bottom line for future trades.

Many prop firms have much more withdrawal rules restrictions that only allow traders to grab their profit split once a month. So, let’s give Traders With Edge high marks here.

  • Slow, fast-paced, and instant funding programs are available
  • Turtle Account Challenge is one phase
  • Flexible withdrawal system
  • Community base with chatting platform, online courses, and mentorship programs
  • 80/20 profit split above industry standard
  • Can trade on several financial markets
  • Offers a 14-day free trial prop firm challenge.
  • Does not offer discounts often
  • Some programs may seem expensive

Traders With Edge is a stellar prop trading firm. Despite being a newer company within the prop trading industry, the firm has so much potential. Most of its best features are immediately accessible to traders, whereas other prop firms lock them behind complicated scaling plans. For instance, as soon as traders get their funded account, they can access an attractive 80% profit split. Traders With Edge doesn’t make traders climb multiple tiers to get a higher cut of your hard-earned winning trades.

Add this a wide range of financial instruments available to trade on the platform, and you have a winning recipe. In a highly competitive industry dominated by forex trading and average profit splits, it feels good to have so much freedom with a funded trading account. You can put Traders With Edge on the “Best Prop Trading Firms” shortlist if you’re searching for a legitimate opportunity to make money with a proprietary trading firm.

Please refer to the following pages of our website to read about similar other Prop Firms leading the industry such as: TopTier Trader Review

A free trial of the software is available on request by logging a support ticket. The free trial is an abbreviated version of the Traders With Edge Challenge for you to familiarize yourself with our platforms, and 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 funded traders.

Max Drawdown is STATIC.

Static Max Drawdown

A static max drawdown is simple as it always stays at the X% of the initial account balance. 

For example:

The Maximum drawdown of a 100K Hare account is 10% of initial balance. This means that the Maximum drawdown level is always 100K – (100K x 10%) = 90K. 

After you have successfully passed challenge stage(s) of your account, your trade history will be sent to our risk management team who will assess the account to ensure there have not been any violations.

Once they have reviewed the account history, one of three things will happen;

  1. The risk team may ask for more information about your trading if there is any grey area about your trading results.
  2. You will receive an email with your new login details for your  live account which is connected to live funds.
  3. You will receive an email explaining the violation that has happened.

Keep in mind this is only in the case where you have clearly violated a rule that is defined in terms and conditions that you signed.

Your challenge will start on the day you make your first trade. You have unlimited time to complete the challenge for both Turtle and Hare. There is also a 30-day inactivity condition for all accounts. If you do not place a trade within 30 days your account will be deleted as we assume you have abandoned it.

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