Hi, welcome to my Traders With Edge Review.

In this review, I’ll explain to you in detail everything you need to know about this prop firm.

Many proprietary firms are currently in the market, promising to help traders achieve their online financial freedom.

Almost all these pro firms promise to fund traders with their capital to trade in the forex market and profit from the trade.

However, a few of these prop firms may be legit.

So, keep reading…

Summary Of Traders With Edge Review

Product Name: Traders with Edge

Product Type: Proprietary Firm

Evaluation Fee: Starting from $55 depending on the account type and challenge

Official Site: https://traderswithedge.com/

Overall Rating: 40/100

My Recommendation:  Not for everyone

Traders With Edge Review – Overview

Traders With Edge is a proprietary firm targeting to identify disciplined traders with skills to trade in the forex market.

The prop firm consists of a comprehensive evaluation process that helps analyze highly skilled traders to help them succeed in their trade.

As a prop firm, they’re more interested in traders who can demonstrate consistency, profitability, and risk management.

The prop firm claims that its platform is based on helping aspiring traders use their trading skills.

The platform allows you to keep a portion of your profit and takes a smaller portion as compensation.

For instance, when you have a customized funded account, you’ll get a profit share of up to 60%, while the platform will only take the remaining 40%.

Also Read: Nordic Funder Review

Pros Of Traders with Edge

• The prop firm allows you to trade news.
• Traders With Edge allows you to have multiple accounts.
• You can hold your trade overnights on the platform.
• The program offers a refund policy service of up to seven days.
• It has a realistic profit target.
• The prop firm offers you free trials in their challenge account
• There is no hidden fee
• Traders With Edge offers a scaling plan of 25% of your account balance.

Cons Of Traders with Edge

• The profit share is relatively low compared to other prop firms.
• The cumulative participation fee in the program is high.
• Doesn’t offer free holding of traders over the weekend.
• The profit target for the aggressive account scaling plan is too high.

Who Should Sign Up with Traders With Edge?

Anyone at least 18 years is eligible to sign up for this prop firm and become their trader.

In addition, if you’ve great confidence and talent, you can successfully pass the Traders With Edge challenge.

What Is Traders With Edge?

Trading With Edge is a prop firm that allows you to trade in the forex using its instant funding.

The proprietary firm offers educational and mentorship services to traders who want to start trading.

You can join the platform as a full-time or part-time trader, whether a beginner or a professional trader.

The prop firm allows you to increase your income online by trading with a more extensive account size.

The prop firm claims that traders who demonstrate the ability to trade should be able to achieve financial freedom.

Through their instant funding program, the prop firm ensures every trader who passes their challenge process can trade with their capital.

You’ll get your instant account funded with the company capital to help you trade in the market.

You’ll then keep a profit share from your generated profits which will help you grow your account and qualify for their scaling plan.

With their scaling plan, your account balance will go up by 25% in their organic plan.

This allows you to grow your account and achieve financial freedom.

The company’s headquarters are based in Hong Kong and the US, which works as follows.

How To Does Traders With Edge Work?

The Traders With Edge has three types of accounts, including:

• Turtle phase one challenge account
• Hare phase two challenge account
• Instant funded account

After joining the platform, you’ll register and start trading by enrolling in the phase one challenge.

You’ll begin your challenge by choosing your preferred account type and size.

There are two different account types including:

• Standard account.
• Aggressive account.

Standard Account

When you choose to trade with the standard account, you’ll have the following account sizes to choose from for every phase.

In the phase one challenge, the turtle phase, you’ll have the following account sizes:

$5,000, $10,000, $25,000, $50,000, $100,000, $200,000, $500,000, and $1,000,000.

In phase two hare challenge, you will have the following account sizes:

$5,000, $10,000, $25,000, $50,000, $100,000, $200,000, and $400,000.

In the last phase, the instant funding account, you’ll have the following account sizes:

$2,500, $5,000, $10,000, $20,000, and $40,000 is coming soon.

Aggressive Account

When you select an aggressive account, you’ll have the following account sizes to choose from for every phase.

In the phase one challenge, the turtle phase, you will have the following account sizes:

$5,000, $10,000, $25,000, $50,000, $100,000, $200,000, $500,000, and $1,000,000.

In phase two hare challenge, you will have the following account sizes:

$5,000, $10,000, $25,000, $50,000, and $100,000 are coming soon.

In the last phase, the instant funding account, you will have the following account sizes:

$2,500, $5,000, $10,000, $20,000 coming soon, and $40,000 coming soon.

After choosing your preferred account, you’ll begin your trade in the phase one challenge.

After passing the turtle challenge, you’ll automatically join the second phase.

The second phase, or Hare phase two, challenges you to conclude your evaluation process once you complete it.

The program will enable you to join their traders and get a funded account.

In your funded account, the prop firm will provide you with real trading capital to continue trading in the platform and earn a profit share.

The profit split of all the funded accounts you can earn is 50% of your total profits from your funded account.

However, this profit split can be increased to 60% if you include other customizations in your funded account.

However, there are several trading rules set that you need to follow for you to pass the phase one and two challenges.

What Are The Trading Rules Used In Traders With Edge?

The trading rules used in the program depend on the account type you choose, here are available accounts with their corresponding rules.

Turtle Challenge Trading Rules

In the turtle challenge, these are the trading rules:

• Profit Target

You must reach a profit target of 10% to pass the phase.

There is no profit target for the second stage of the turtle challenge.

• Daily Drawdown

The daily drawdown limit in the Turtle challenge is 2.5% daily, which may lead to your account being closed if you strongly violate it.

• Maximum Drawdown

The maximum drawdown limit in the turtle challenge is 5% which may lead to your account closure if violated.

• Minimum Time

The minimum time to pass the Turtle challenge is 10 days.

You must place at least one trade or have one open for the past ten days to pass the challenge.

If your account is viewed to have used different lot sizes in passing the minimum time rule, you will automatically fail your challenge.

For this reason, you should not use one large trade to pass the challenge and then use small lots to pass the minimum time rule.

• Maximum Time

The maximum time you can complete the turtle challenge is 365 days.

However, your account will remain open if you reach the profit target within this maximum time.

• No Manipulation

All the funded accounts and the challenges in the prop firm are traded in a demo account as a strategy to manage risks.

However, your funded account will be connected to a real fund trading account from which you will receive your funds.

The program, however, does not tolerate any form of manipulation trading to ensure the trades can be copied into real accounts.

The most condemned for manipulation include arbitrage, tick scalping, hedging between accounts, and frozen data feeds.

• Stop Loss Required

The stop loss rule is required for funded accounts only where the prop firm software automatically detects the stop loss in your trade.

If you place a trade without the visible stop loss, your trade will be automatically closed, which may result in a small loss.

• Maximum Account Risk For Funded Accounts

For the funded accounts, there is a maximum position size of 2% which, if exceeded per trade, the trade will automatically be closed.

Hare Challenge Trading Rules 

In the Hare Challenge or phase two, these are the trading rules;

• Profit Target

You must reach a profit target of 10%.

When you proceed to stage two, your profit target will be reduced to 5%, and in the funded account, there is no profit target set for you.

• Daily Drawdown

The daily drawdown limit in the Hare account is 5% a day which may lead to your account being closed if you strongly violate it.

• Maximum Drawdown

The maximum drawdown limit in the Hare challenge is 10% which may lead to your account being closed if violated.

• Minimum Time

The minimum time to pass the Hare phase challenge is five days.

You must place at least one trade or have one open for the past ten days to pass the challenge.

If your account is viewed to have used different lot sizes in passing the minimum time rule, you will automatically fail your challenge.

For this reason, you should not use one large trade to pass the challenge and then use small lots to pass the minimum time rule.

• Maximum Time

The maximum time to complete the Hare stage, one challenge, is 120 days.

On the other hand, the maximum time to complete the Hare challenge is 60 days.

Your account will risk being closed if you don’t reach the set profit target at this time.

• No manipulation

All the funded accounts and the challenges in the prop firm are traded in a demo account as a strategy to manage risks.

However, your funded account will be connected to a real fund trading account from which you will receive your funds.

The program, however, does not tolerate any form of manipulation trading to ensure the trades can be copied into real accounts.

The most condemned for manipulation include arbitrage, tick scalping, hedging between accounts, and frozen data feeds.

• Stop Loss Required

The stop loss rule is required for funded accounts only where the prop firm software automatically detects the stop loss in your trade.

If you place a trade without the visible stop loss, your trade will be automatically closed, which may result in a small loss.

However, the program allows you to remove the stop-loss requirement on your funded account when you buy customization with your challenge.

• Maximum Account Risk For Funded Accounts

For the funded accounts, there is a maximum position size of 2% which, if exceeded per trade, the trade will automatically be closed.

• Flat For Weekends For Funded Accounts Only.

You can hold your trades on weekends by purchasing the customization over your funded accounts.

However, in normal circumstances, the program allows you to hold your trades overnight for a funded account only and closed before weekends.

Instant Funding Trading Rules

Here are the trading rules in the instant funding account.

• Profit Target

In instant funding, there are two different accounts including;

• Standard Account

In a standard version, you must reach a profit target of 10%.

The program allows you to withdraw your profit target, which will not affect your profit targets to scale.

• Aggressive Account

In the aggressive account, the profit target is 20% which will allow you to reach the next level in the program.

You will also be free to withdraw, which will not affect your profit target.

• Daily Drawdown

There is no daily drawdown rule for instant funding for the standard and the aggressive account.

• Maximum Drawdown

The maximum drawdown limit in the standard account is 5% which may lead to your account closure if violated.

On the other hand, the maximum drawdown limit in the aggressive account is 10% which may lead to your account closure if violated.

• Minimum Time

The minimum time to scale into the next level for the two instant funding accounts is five trading days.

• Maximum Time

The maximum time to finish your first level of the instant funding account is 180 days.

Your account will be automatically closed unless you reach the profit target within this time.

• No Manipulation

The standard and aggressive accounts are traded in a demo account as a strategy to manage risks.

However, your funded account will be connected to a real fund trading account from which you will receive your funds.

The program, however, doesn’t tolerate any form of manipulation trading to ensure the trades can be copied into real accounts.

The most condemned for manipulation include arbitrage, tick scalping, hedging between accounts, and frozen data feeds.

• Stop Loss Required

The instant funding accounts also require a visible stop loss for every trade.

If you place a trade without the visible stop loss, your trade will automatically close, which may result in a small loss.

However, the program allows you to remove the stop-loss requirement on your funded account when you buy customization with your challenge.

• Maximum Account Risk For Funded Accounts

The instant funding accounts have a maximum position size of 2% which, if exceeded per trade, the trade will automatically be closed.

• Flat For Weekends For Funded Accounts Only.

You can hold your trades on weekends by purchasing the customization over your funded accounts.

However, in normal circumstances, the program allows you to hold your trades overnight for a funded account only and closed before weekends.

Related Review: FX2 Funding

What Are Traders With Edge Scaling Plans?

There are two types of scaling plans available in Traders With Edge, including:

Organic Scaling Plan

The organic scaling plan benefits those who want their payments sooner with interest in sacrificing larger medium- and short-term gains.

In addition, the prop firm withdraws its plan each time you start your profits from your account.

Your account will then be reset to the initial starting balance after withdrawal.

You must meet the following conditions to qualify for the organic scaling plan.

You must make more than 10% net gain in 4 months, with at least four months being profitable.

Your account will then be scaled to 25% of your starting balance in the Organic scaling plan.

Rapid Scaling

For the rapid scaling plan, the prop firm targets traders who want to trade large accounts fast.

In this scaling plan, traders benefit proportionally from the profits traders leave in the account.

According to this plan, when you reach a desired balance, you will withdraw part of your profits, which will still be more than your organic account.

You will still have some cumulated profits in your account despite making withdrawals, which you can withdraw anytime.

This scaling plan is the best way to manage a million-dollar account.

What Are Traders With Edge Prop Firm Trusted Broker?

The Traders with Edge prop firm uses Eightcap as their trusted broker.

The broker caters to clients worldwide and also provides multiple trading services to their clients.

In addition, the Eightcap broker is under the regulation of the Australian Security and investment commission.

The broker allows traders access to cryptocurrencies, commodities, forex, and indices.

On the other hand, The Traders with Edge prop firm allows you to use either MetaTrader 4 or Metatrader 5 platform to trade.

You will, therefore, have the option to choose the platform that suits you in placing your trade.

What Trading Instruments Are Allowed In Traders With Edge?

Traders with Edge Prop firm allow you to execute a variety of CFD market instruments, including the following.

• Forex pairs
• Digital currencies
• Metals
• Stock
• Energy
• Indices

What Are The Steps for Joining Traders with Edge?

To join Traders With Edge, you’ll have to follow the steps below:

Step One: Sign Up For The Pro Firm Challenge

The first step is the signup process, which begins by choosing your preferred challenge option in the platform.

While choosing your trading option, ensure it suits your risk appetite and trading style.

You’ll get access to the Traders With Edge platform and tools by completing your signup process.

Step Two: Complete Their Evaluation Process

In the second step, you must get familiar with the evaluation stages and know their requirements.

This will enable you to trade in a realistic and risk-controlled environment which will help you improve your skills.

During your evaluation process, you need to showcase your profitability, risk management, and ability in consistency.

Step Three: Become A Funded Trader

You’ll be given a funded account to become a funded trader when you successfully pass your evaluation phase.

In your funded account, you will receive an investment capital allocation to enable you to trade and grow your portfolio.

In your trading process, you will keep the portions of profits you generate while you enjoy the other mentorship and educational services offered on the platform.

According to the prop firm, their dedicated team is committed to helping traders succeed in achieving their financial freedom.

What Is The Traders With Edge Account Leverage?

The account leverage in the platform is based on the account type and stage as follows:

Standard Account

Turtle challenge leverage 1:20

Hare challenge leverage 1:50

Instant funding leverage 1:20

Aggressive Account

Turtle challenge leverage 1:20

Hare challenge leverage 1:50

Instant funding leverage 1:50

What Is The Cost Of Joining The Traders With Edge?

The Traders with Edge prop firm does not charge traders for joining their platform.

However, after signing up to the platform for free, you will have to pay for the participation fee in their challenges.

The participation fee for the challenges varies with the account type you select and the challenge you are undertaking.

Here is a breakdown of the fee payment.

Standard Account

In the standard account, you will pay your participation fee as follows for the three phases:

• Phase one

The turtle challenge will cost you $55 with no refund service available.

• Phase two

The Hare challenge will cost you $69 with a refund service available.

• Phase three

This instant funding will cost you $125 with no refund available.

Aggressive Account

In the aggressive account, you will pay your participation fee as follows:

• Phase one

The turtle challenge will cost you $110 without a refund.

• Phase two

The hare challenge will cost you $138 with a refund service.

• Phase three

This instant funding will cost you $250 with no refund service.

Also Read: City Traders Imperium

Are Traders with Edge A Scam?

Traders with Edge prop firm is not a scam.

If you pass their challenge, you can generate income through their instant funding program.

In addition, the program enables free trials in their challenge stage to help you increase your chances of getting a funded account.

However, the profit share provided in the platform needs to be higher.

For this reason, you will spend more time trading on the platform to make significant profits.

Furthermore, the profit target required to qualify for their scaling plan is also high and may need to be more manageable by some traders.

You will also end up paying a high participation fee in the long run in the program, especially if you choose to work with an aggressive account.

My Assessment of the Traders With Edge

In my assessment of the Traders With Edge, here are the results.

Profits Split – 4/10

The profit split provided in the prop firm is 50% in normal accounts is lower compared to other prop firms in the market.

You will have to customize your account, which needs more money for the platform to increase your profit split to 60%.

Scaling Opportunities – 6/10

The platform has two scaling opportunities that help traders grow their businesses rapidly.

The organic and rapid scaling plans are essential for trades who want to achieve their financial freedom faster from the platform.

Profits Targets – 6/10

The profit targets for the challenge accounts are realistic for most traders.

However, the profits targets in the instant account that enables you to qualify for a scaling plan are high.

Affordability – 4/10

The Traders With Edge is less affordable as the cumulative participation fee is relatively high.

Trader Supports – 6/10

The trader support in the platform is on average, with the program allowing traders to contact their support team via live chat.

Tradable Assets – 7/10

The prop firm allows you to trade multiple assets to increase your chances of generating income.

The main assets include forex pairs, digital currencies, indices, commodities, and metals.

Trustworthiness – 6/10

The Traders with Edge platform have many testimonials and reviews from traders expressing their satisfaction with their services.

My Overall Rating: 5/10

I give this prop firm an overall rating of 5/10 because it is an averagely performing program with an indication of greater performance in the future.

What Are People Saying

Here are the reactions from different people online about this prop firm.

Trustpilot

Here is how Traders With Edge prop firm has performed in the trust pilot platform with a rating of 4.4:

FAQs About Traders With Edge

How Many Funded Accounts Can I Have In Traders With The Edge?

Traders can have multiple funded accounts, all trading the same strategy.

However, the total balance in the strategies must be at most $3000000, which also applies if you have a single account.

For this reason, the program highly recommends that traders only manage one account to get the best result out of their trade.

Are There Any Other Hidden Fees In The Traders With Edge?

The prop firm does not have any hidden fees in its payment program.

The only fee in the program is your investment amount which will determine the size of the account you want to trade within the forex market.

In addition, the program does not charge any withdrawal fees and no recurring or monthly fees from traders.

Does Traders With Edge Offer Free Trials On Their Challenge?

The prop firm offers its traders a free trial on request, which you make by contacting the team via their live chat program.

According to the program, the free trial will help you familiarize yourself with their platform and adhere to the trading rules.

If you successfully pass your free trial, you will also have a great chance to succeed in the Traders with Edge Challenge.

Passing your free trial does not make you eligible to get a funded account; you must go through the challenge.

Can I Get A Refund?

A trader with Edge prop firm offers a refund policy to its traders but on the following conditions;

First, you must pass your Hare challenge in the program.

If you fail to place a trader in the first seven days because you want to quit the challenge, you can email the support team and request a refund.

Note that you will not be eligible for a refund if you have spent more than seven days since your purchase.

Can I Trade From My Mobile Phone?

The prop firm does not recommend trading through a mobile phone, even though you can if you decide to use the device.

The prop firm uses the MT4 trading platform, which is still unsupported on mobile devices.

This makes it difficult to trade efficiently using your mobile phone compared to when trading on a personal computer.

Thank you for reading Traders With Edge Review.