placeholder

Overview of Impact Trader Forex Prop Firm

TheTrustedProp
Date: May 11, 2024

In the dynamic world of finance, trading can be a promising avenue for those seeking financial growth and independence. Impact Trader, a company that has been making waves in the trading community, offers a unique opportunity for traders to prove their skills and access significant funding. In this article, we will delve into the details of Impact Trader, its evaluation programs, and the exciting possibilities it presents to traders worldwide.

Company Details

Name: Impact Trader

Legal Name: Prop Account LLC

CEO: Undisclosed

Established: March 1, 2012

Registered in: Boulder, Colorado, United States

Impact Trader, operating under the legal entity Prop Account LLC, has been a key player in the trading industry since its inception in 2012. Although the CEO remains undisclosed, the company's commitment to fostering trading talent speaks for itself.

Evaluation Programs

Impact Trader offers two distinct evaluation programs, the 1-Step Evaluation and the 2-Step Evaluation, each tailored to suit the varying needs and preferences of aspiring traders.

1-Step Evaluation Details

Step 1

  • Profit Target: 10%
  • Daily Loss Limit: 5%
  • Max Drawdown: 6%
  • Inactivity Period: 30 Days
  • Leverage: 1:10
  • Stoploss Required: Yes
  • Flat for Weekend: Yes
  • Max Time: None

Funded

  • Profit Target: None
  • Daily Loss Limit: 5%
  • Max Drawdown: 6%
  • Inactivity Period: 30 Days
  • Leverage: 1:10
  • Stoploss Required: Yes
  • Flat for Weekend: Yes
  • Max Time: None

Account Sizes:

  • $25,000
  • $50,000
  • $100,000
  • $200,000
  • $400,000
  • $500,000

2-Step Evaluation Details

Step 1

  • Profit Target: 10%
  • Daily Loss Limit: 4%
  • Max Drawdown: 8%
  • Inactivity Period: 30 Days
  • Leverage: 1:30
  • Stoploss Required: Yes
  • Flat for Weekend: Yes
  • Max Time: None

Step 2

  • Profit Target: 5%
  • Daily Loss Limit: 4%
  • Max Drawdown: 8%
  • Inactivity Period: 30 Days
  • Leverage: 1:30
  • Stoploss Required: Yes
  • Flat for Weekend: Yes
  • Max Time: None

Funded

  • Profit Target: None
  • Daily Loss Limit: 4%
  • Max Drawdown: 8%
  • Inactivity Period: 30 Days
  • Leverage: 1:30
  • Stoploss Required: Yes
  • Flat for Weekend: Yes
  • Max Time: None

Account Sizes:

  • $25,000
  • $50,000
  • $100,000
  • $200,000
  • $400,000
  • $500,000

Other Details

Impact Trader prides itself on offering a unique opportunity for traders to access funding while minimizing barriers to their potential. Here are some additional details that make Impact Trader stand out:

  • Leave a Legacy: Impact Trader allows traders to secure up to $1 million in funding while retaining up to 90% of the account gains, offering a remarkable opportunity for financial growth.
  • No Minimum or Maximum Trading Days: Unlike some programs, Impact Trader offers flexibility, allowing traders to choose the trading schedule that suits them best.
  • Trade the Way You Want: Impact Trader empowers traders to implement their trading strategies and techniques, offering a personalized approach to trading.
  • Empowerment for Traders Globally: Impact Trader aims to empower traders worldwide, regardless of their location or background, by providing equal opportunities for success.

The Evaluation Process

Phase 1

The 1 and 2-phase evaluation process at Impact Trader is designed by real traders to identify skilled traders who can join the proprietary firm. Here's an overview of the process:

  • Account Gains: Achieve a 10% account gain while adhering to drawdown limits.

Phase 2 (For 2-Step Evaluations Only)

  • Account Gains: Prove your consistency and discipline by maintaining your account gains and minimizing losses.

Embark Towards a Journey of Growth and Well-Being

Impact Trader offers traders a host of benefits, including:

  • Built To Perform: Traders gain access to their accounts and trading statistics through a user-friendly dashboard, providing transparency and control.
  • No Restrictions: Trade freely and implement your trading techniques without unnecessary limitations.
  • Professional Support: A dedicated team is available 24/5 to assist traders, ensuring they have the guidance they need.
  • Access To Trading Capital: Grow your account without risking your own capital, a significant advantage for traders.
  • Tailor Your Program: Customize your challenge, including the option for a 90% account split, to match your unique trading style.

 

Certainly, let's continue exploring the exciting opportunities that Impact Trader presents for traders:

Trading During News Events

One common concern among traders is whether they can continue trading during market-moving news events. Impact Trader provides traders with the flexibility to trade during news events, with one important condition: pricing data from the Broker must continue to be provided. This means that traders can stay engaged in the market and take advantage of trading opportunities even when major news is breaking.

Prohibited Trading Activity

To maintain a fair and transparent trading environment, Impact Trader has policies in place to prevent prohibited trading activities. Traders are prohibited from engaging in practices such as:

  •  Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker.
  • Utilizing non-public and/or insider information.
  • Front-running of trades placed elsewhere.
  • Trading in any way that jeopardizes the relationship that the Company has with a Broker or may result in the canceling of trades.
  • Trading in any way that creates regulatory issues for the Broker.
  • Utilizing any third-party strategy, off-the-shelf strategy, or one marketed to pass challenge accounts.
  • Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by the Company in cooperation with Prop Account, LLC at their discretion.
  • Holding a Single Share Equity CFD position into an earnings release pertaining to that underlying equity. To avoid being in breach of this rule, you must close all such Single Share Equity CFD positions by 3:50 pm Eastern Time on the day of the release, if an aftermarket release, or on the preceding day if a before-market-open release. Violation of this rule will constitute an immediate, hard breach of your account, and any gain or loss on said position will be removed from any calculations.
  • Entering into an Equity CFD at or near the end of the trading day with the intent of profiting from the market gap between when the market closes and reopens on the subsequent trading day, as determined by the Company in its sole and absolute discretion.

Impact Trader takes these policies seriously to ensure a fair and ethical trading environment for all participants. Traders found engaging in prohibited trading activities may face termination of their participation in the program and the forfeiture of any fees paid to the Company.

Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company's sole and absolute discretion.

Conclusion

In summary, Impact Trader is not just a platform for traders; it's a gateway to financial growth and independence. With its flexible evaluation programs, commitment to trader empowerment, and dedication to maintaining a fair and transparent trading environment, Impact Trader stands out as a valuable opportunity for aspiring traders worldwide.

If you're ready to embark on a journey of growth and financial well-being, consider joining Impact Trader. Take advantage of its unique evaluation programs, access to trading capital, and professional support. Start trading your way and discover the possibilities that await you.

Join Impact Trader today and let your trading journey begin with a company that values your potential and offers you the tools to succeed in the dynamic world of trading.

FAQs

Impact Trader requires all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach, and you will be able to continue trading once the markets reopen.

There is currently no maximum lot limit, providing traders with flexibility in their trading strategies.

Yes, if you do not place a trade at least once every 30 days on your account, Impact Trader will consider you inactive, and your account will be breached.

Impact Trader welcomes traders from all countries, excluding OFAC listed countries, subject to compliance with applicable laws and regulations.

Impact Trader's risk management technology is integrated with the MT4 and MT5 platforms, offering a reliable and widely-used trading environment.

Comments