Overview of EverTrader Forex Prop Firm
TheTrustedProp
Date: April 30, 2024
In the ever-evolving world of finance and investments, finding the right platform to kickstart your trading journey can be a daunting task. It's essential to have a clear understanding of the options available, their offerings, and most importantly, their credibility. EverTrader is a name that has been gaining recognition in the trading community for its unique approach to helping traders overcome one significant challenge - under-capitalization.
Company Details
Name: EverTrader
Legal Name: EverTrader s.r.o.
CEO: Mikki
Started in January 2022
Registered in Prague, Czech Republic
EverTrader, spearheaded by CEO Mikki, commenced its operations in January 2022 and is legally registered in Prague, Czech Republic. This trading platform brings a fresh perspective to the trading landscape, offering a unique evaluation program that empowers traders to reach new heights.
The EverTrader Challenge
One of the key aspects that sets EverTrader apart is its comprehensive evaluation program. Let's delve into the details of this program:
Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Max. Loss: 10%
Max. Daily Loss: 5%
Min. Trading Days: 5 days
Time Period (Phase 1): up to 30 days
Time Period (Phase 2): up to 60 days
EverTrader provides traders with various account sizes to choose from, starting at $10,000 and going up to a whopping $200,000. This flexibility allows traders to select an account that suits their risk tolerance and trading goals.
Unleash Your Trading Potential
EverTrader's motto is simple - to unleash your trading potential. They offer a holistic approach to trading by providing professional tools, training, and a unique opportunity to prove your trading skills. Here's how it works:
- Pass the EverTrader Evaluation: The first step towards becoming an official EverTrader is to pass their evaluation program.
- Sign up for the Evaluation Program: Register for EverTrader's educational evaluation program to kickstart your trading journey.
- Show Your Profitability: Demonstrate your ability to trade profitably and manage risk effectively.
- Get a Virtual EverAccount: Once you pass the evaluation, you'll receive a virtual EverAccount with a balance of up to $200,000.
- Start Earning: As an official EverTrader, you can start receiving 80-90% of the profits you make on your virtual EverAccount.
EverTrader's Mission
EverTrader's mission is to tackle one of the most common issues faced by traders - under-capitalization. Many traders, especially beginners, struggle with limited capital, leading to emotional decision-making and risky trading practices.
The platform aims to:
- Teach traders to focus on risk by implementing defined controls within their EverTrader application.
- Relieve psychological tension by allowing traders to trade without risking their earned money in the market.
- Provide substantial capital of up to $400,000, with the possibility of increasing it during long-term cooperation, effectively solving the problem of small capital and risky trading.
Trading with EverTrader
EverTrader offers the freedom to trade various instruments, including:
- Forex
- Cryptocurrencies
- Stocks
- Stock Indices
- Commodities
Traders have complete autonomy over their trading style and strategy, making it a versatile platform for traders with different preferences.
Earning Potential
With a sizeable account and a modest profit target of just 10%, a successful EverTrader could earn a substantial share of the profits, often reaching up to $45,000 or more.
How EverTrader Manages Risk
All trading on EverTrader occurs on virtual accounts with a simulated real-market environment. Trades from successful EverTrader Evaluation program participants are carefully selected and copied to the account of EverTrader's partner company. This approach allows for better risk management across all accounts.
The EverTrader Advantage
Comprehensive Training
One of the standout features of EverTrader is its commitment to educating traders. They understand that successful trading requires not just a well-capitalized account but also knowledge and skills. That's why they offer comprehensive training resources to help traders improve their strategies and risk management.
Personalized Approach
EverTrader takes a personalized approach to each trader's journey. They recognize that every trader is unique, with different goals and risk tolerance levels. Whether you're a seasoned professional or just starting, EverTrader tailors its support to meet your specific needs.
Risk Management Tools
EverTrader prioritizes risk management. The platform's tools and controls are designed to help traders maintain discipline and avoid impulsive decisions. This focus on risk mitigation is a key factor in their success.
Performance Evaluation
The evaluation program at EverTrader is not just about making profits; it's also about assessing your trading performance. This feedback loop helps traders continually improve and refine their strategies.
Community and Support
Trading can be a lonely endeavor, but not with EverTrader. They foster a sense of community among their traders, providing forums, chat groups, and support networks where traders can connect, share insights, and learn from each other's experiences.
Transparent Profit Sharing
EverTrader's profit-sharing model is refreshingly transparent. They provide clear guidelines on how profits are shared, so you always know what to expect.
Joining EverTrader
If you're intrigued by what EverTrader has to offer and wish to embark on this exciting trading journey, here's how you can get started:
- Sign Up: Begin by signing up for EverTrader's evaluation program. This is your first step toward becoming an official EverTrader.
- Learn and Practice: Make the most of their training resources. Hone your skills and develop a robust trading strategy.
- Pass the Evaluation: Once you feel confident in your abilities, take the evaluation. Prove that you can trade profitably and manage risk effectively.
- Get Your Virtual EverAccount: Upon successfully passing the evaluation, you'll receive a virtual EverAccount with a balance of up to $200,000.
- Start Earning: As an official EverTrader, you can start earning 80-90% of the profits you make on your virtual EverAccount.
In conclusion, EverTrader provides a unique opportunity for traders to overcome the challenges of under-capitalization and achieve their financial goals. With its comprehensive training, personalized approach, and commitment to risk management, it's a platform that stands out in the world of trading. So, if you're ready to take your trading to the next level and unleash your potential, EverTrader is the partner you've been searching for.
FAQs
1. Can I use EAs?
Third-party EAs are not allowed on EverTrader. You can only use your own EAs, as long as they are not used for account management services, high-frequency trading (manually or using a bot), tick scalping, arbitrage trading, use of emulators, arbitrage trading, copying trades from other traders, or copy trading across multiple EverAccounts to bypass monetary limits defined by the provider. EverTrader might ask you to send your EA for verification. Using prohibited strategies will result in the banning of your EverAccount without a refund.
2. What is the mission of EverTrader?
EverTrader's mission is to solve the problem of under-capitalization for traders. They aim to find skilled traders who can manage risk and trade profitably, providing them with the opportunity to trade an EverAccount with substantial capital.
3. How does EverTrader relieve psychological tension during trading?
EverTrader allows traders to trade without risking their earned money in the market, which helps relieve psychological tension during trading.
4. What is the earning potential with EverTrader?
With a large account and a profit target of just 10%, EverTraders can earn a significant share of the profits, often reaching up to $45,000 or more.
5. How does EverTrader manage risk?
EverTrader manages risk by conducting all trading on virtual accounts and carefully selecting and copying trades from successful EverTrader Evaluation program participants to the account of their partner company, ensuring overall risk control.
6. What resources are available for training?
EverTrader offers a wide range of training materials, including video tutorials, webinars, and written guides. Additionally, they provide access to market analysis tools to help you make informed trading decisions.
7. Can I trade multiple asset classes with EverTrader?
Yes, EverTrader allows you to trade various asset classes, including forex, cryptocurrencies, stocks, stock indices, and commodities. You have the flexibility to diversify your portfolio and explore different markets.
8. Is there ongoing support after becoming an official EverTrader?
Absolutely. EverTrader believes in continuous support for their traders. They offer ongoing mentorship, market insights, and access to a community of like-minded traders to ensure you stay on the path to success.
9. Are there any fees associated with the evaluation program?
EverTrader's evaluation program does have a fee, which varies depending on the account size you choose. However, this fee is a small investment compared to the potential profits you can earn as an official EverTrader.
10. What is the maximum account size achievable with EverTrader?
Initially, EverTrader offers account sizes ranging from $10,000 to $200,000. However, with successful long-term cooperation, there's potential to increase your account size further.
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