In the fast-paced world of trading and investments, finding the right platform can be a daunting task. With so many options available, it's crucial to choose a company that not only offers opportunities but also stands by its mission and principles. Traders Launch is one such platform that has been making waves in the industry since its inception in 2021. In this article, we will delve into the details of Traders Launch, including its company information, challenges, evaluation goals, and more.
Company Details
- Name: Traders Launch
- Legal Name: Traders Launch LLC.
- CEO: Max Thomas
- Founded: 2021
- Registered: USA
Traders Launch, under the able leadership of CEO Max Thomas, has quickly gained recognition in the trading community. Their commitment to providing opportunities for traders sets them apart in an industry often marred by scams.
Challenge Details
Qualifying and Funded Traders
Traders Launch offers a structured approach to traders, ensuring that those who pass specific steps are rewarded accordingly:
STEP 1
- Objective: Hit a 6% Profit Target
- Avoid: 6% Max Initial Account Balance Loss
- Avoid: 3% Intraday loss.
Successful traders in this step receive 100% of profits for the first 6% of the account growth, and 80% thereafter.
STEP 2
- Objective: Hit a 4% Profit Target
- Avoid: 6% Max Initial Account Balance Loss
- Avoid: 3% Intraday loss.
Once again, traders who meet the criteria are eligible for substantial rewards.
Live Funding Process
Once funded traders achieve a 6% growth of their account, the drawdown locks at the starting balance, providing more flexibility for account growth. Traders are then moved to a live brokerage account on either Interactive Brokers or T3 Global. It's worth noting that traders are responsible for data fees at this stage, but no additional charges are incurred. A payout becomes possible once the 6% profit target in the funded account is achieved.
Evaluation Goals and Rules
Traders at Traders Launch are subject to specific evaluation goals and rules to maintain a fair and consistent trading environment:
- Evaluation Goals: Profit must be 6% on Step 1 and 4% on Step 2.
- Evaluation Rules: 6% Max Initial Account Balance Loss, 3% Daily Loss Limit.
Funded Rules and Account Sizes
- Funded Rules: 6% Max Initial Account Balance Loss, 3% Daily Loss Limit (Account is not lost), 40% Rule.
- Account Sizes: Traders can choose from various account sizes, ranging from $5000 to $100,000.
Other Details
Traders Launch prides itself on being a platform for both stock and futures traders, offering access to $100,000 in funding and essential tools to develop trading strategies. Their mission and principles emphasize fairness, trustworthiness, and opportunity:
- Mission & Principles:
- Find the top 5% of traders and give them tools to become the top 1%.
- Increase equality of opportunity globally.
- Create asymmetric opportunities for traders.
- Data-focused.
The Team
Behind Traders Launch is a team of experts led by Max Thomas and Connor Holly. Both are quantitative-based traders who bring unique expertise to the world of prop trading.
Commissions and Spreads
While traders are on a simulated platform, Traders Launch takes commissions from their account balance. The spreads match live market data from the CBOE exchange, ensuring fairness and transparency. Any misuse of the simulated environment is closely monitored.
Once traders transition to a live account, commissions will be subtracted from their trading account.
Tradable Instruments
Traders at Traders Launch have access to 300-400 of the most liquid stocks in the stock market, along with all index ETFs. The list of tradeable instruments is regularly updated to ensure traders have access to a wide range of opportunities.
In conclusion, Traders Launch is a platform that not only provides funding and tools to traders but also upholds a strong mission and set of principles. With a transparent evaluation process, flexible funding options, and a commitment to supporting traders, it has become a trustworthy choice in the trading world.
With its clear guidelines and commitment to trader success, Traders Launch is undoubtedly a platform worth considering for traders looking to take their trading journey to the next level.