Traders With Edge offers a unique Forex funded trader program designed to provide immediate access to trading accounts without the need for a lengthy evaluation process. This program allows traders to bypass the traditional assessment stages and start trading with allocated funds right away. By focusing on swift access and simplified onboarding, Traders With Edge aims to empower traders to leverage their skills and capitalize on market opportunities with minimal delay.
An In-Depth Overview of Traders With Edge: What You Need to Know
Traders With Edge is a comprehensive platform designed to support traders in enhancing their skills, strategies, and overall trading performance. Offering a range of tools, resources, and educational content, the platform is aimed at helping traders gain a competitive edge in the financial markets. Whether you’re a beginner looking to learn the basics or an experienced trader seeking advanced strategies, Traders With Edge provides tailored resources to meet various needs. The platform covers different asset classes, including Forex, stocks, commodities, and cryptocurrencies, offering insights and guidance on each. Additionally, Traders With Edge emphasizes a community-driven approach, allowing users to engage with fellow traders, share ideas, and learn from collective experiences. The platform also offers trading challenges and competitions to test your skills in real market conditions, with the opportunity to earn funded trading accounts. By combining education, tools, and community interaction, Traders With Edge aims to create a well-rounded environment that supports continuous learning and trading success.
- Turtle
- Hare
- Instant Funding
These systems are designed to identify and nurture trading talent. Recognizing the challenges traders face, Traders With Edge offers various programs to suit different trading styles and skill levels. The Turtle Challenge consists of a single phase, while the Hare Challenge features a two-phase process similar to FTMO. What sets Traders With Edge apart is their innovative Instant Funding Challenge, where traders can receive a funded account without needing to pass any challenges. Additionally, Traders With Edge allows traders to keep up to 80% of their profits, with the firm covering any potential losses, making it a supportive and trader-friendly platform.
A Comprehensive Overview of the Hare Challenge: How It Works and What Traders Should Know
The Hare Challenge is a two-phase evaluation process designed to assess a trader’s skills and discipline. To succeed, traders must complete both phases without breaking any rules. The challenge offers reasonable rules that, when followed, demonstrate a trader’s experience and discipline. Unlike rigid evaluations, the Hare Challenge allows flexibility in trading style, making it similar to the FTMO challenge.
Phase 1 is the initial stage, giving traders 30 calendar days to meet the profit target. If the target is reached early without breaking any rules, traders can advance immediately to Phase 2 without waiting for the full 30 days. Phase 2, the final step, focuses on testing trading consistency. The profit target is reduced by half, and traders are given 60 calendar days to reach it. However, if the target is met early, they can receive a funded account right away.
In both phases, traders must actively trade for at least ten days. If the profit target is not met but the account remains in profit with no rule violations, the trader automatically receives a free retry, offering a fair opportunity for success
Instant Funding Challenge Explained
The Instant Funding Challenge stands out because it doesn’t require passing any evaluation phases to access a funded account. Instead, traders can start trading immediately on a funded account after paying a one-time fee. While this option is more expensive—starting at $125—it offers convenience by skipping the traditional challenge phases. The trade-off is a slightly lower profit share compared to other challenges, but the absence of an evaluation process makes it appealing.
There are two account types: Standard and Aggressive. The main difference lies in their risk and profit targets. A Standard account has a 10% profit target with a 5% maximum loss, while an Aggressive account has a 20% profit target with a 10% maximum loss. Aggressive accounts are priced twice as high as Standard accounts.
The challenge also offers an enticing scaling plan. If you achieve a 10% profit without breaking any rules, your trading capital is automatically upgraded. You have 180 days to reach the first level, after which there’s no time limit for further upgrades. However, you must meet the level 1 target within 180 days and trade for at least five days, similar to other challenges
Customizations
There are also add-ons when purchasing to Customize the rules of these challenges by a bit to make trading easier. Here are the available add-ons
- Increase Max Loss
- Increase Profit Split
- Remove Daily Loss Limit
- Double Leverage
- Hold Over Weekend
- Remove Required Stop Loss
- Change Trailing Max Loss To Static
Understanding the Technical Features of Traders With Edge
This system provides greater accessibility and allows Traders With Edge more flexibility and control in actively managing risk. However, traders should be cautious of engaging in forbidden trading activities. Certain practices that create risk-free profits or exploit market conditions are prohibited. To avoid violations, it’s recommended to carefully review the company’s Terms & Conditions for detailed information on restricted trading practices. Understanding these guidelines before starting can help ensure compliance and a smoother trading experience.
