Overview of Varsity Traders Forex Prop Firm
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TheTrustedProp
Date: April 28, 2024
The world of trading can be an exciting and potentially lucrative endeavor for those who are well-prepared and skilled. In recent years, a new player has emerged in the trading arena, offering unique opportunities for traders to showcase their abilities and potentially unlock significant capital. This player is none other than "The Varsity Traders Club," a trading platform that has been making waves since its inception in 2023.
Company Details
Name: The Varsity Traders Club
CEO: Undisclosed
Founded: Sometime between 2023
Registered Location: Not publicly available
The Varsity Traders Club operates in a highly competitive market, but it distinguishes itself with its innovative approach to trader evaluation and funding. Let's delve into the details of their evaluation process and account offerings.
Evaluation Details
The Varsity Traders Club offers three distinct types of evaluations, each with its own set of criteria and rewards for successful traders.
1-phase Challenge
- Profit Target: 10%
- Daily Drawdown: 5%
- Max Drawdown: 6%
- Time Period: Unlimited
- Trading Days: 0
- Drawdown Type: Trailing/Balance
- Leverage: 1:10 | 1:20 Add On
- News Trading: Yes
- Expert Advisors: Yes
- Hold Over Weekend: Yes with Add On
- First Withdraw: On Demand
- Equity Share: 75% | 90% Add On
Account Sizes: $5000, $10000, $25000, $50000, $100000, $200000, $250000, $500000
2-phase Challenge
- Phase 1 Profit Target: 10%
- Phase 2 Profit Target: 5%
- Daily Drawdown: 4%
- Max Drawdown: 8%
- Time Period: Unlimited
- Trading Days: 0
- Drawdown Type: Static
- Leverage: 1:30
- News Trading: Yes
- Expert Advisors: Yes
- Hold Over Weekend: Yes with Add On
- First Withdraw: On Demand
- Equity Share: 80% | 90% Add On
Account Sizes: $5000, $10000, $25000, $50000, $100000, $200000, $250000, $500000
3-phase Challenge
- Phase 1 Profit Target: 5%
- Phase 2 Profit Target: 5%
- Phase 3 Profit Target: 5%
- Max Drawdown: 5%
- Time Period: Unlimited
- Trading Days: 0
- Drawdown Type: Static
- Leverage: 1:10 | 1:20 Add On
- News Trading: Yes
- Expert Advisors: Yes
- Hold Over Weekend: Yes with Add On
- First Withdraw: On Demand
- Equity Share: 80% | 90% Add On
Account Sizes: $5000, $10000, $25000, $50000, $100000, $200000, $250000, $500000
Evaluation Process
The journey at The Varsity Traders Club begins with the challenge phase. This is where traders showcase their skills and risk management abilities. Once they successfully meet the growth target and adhere to all rules, they advance to the verification phase.
In the verification phase, traders must once again demonstrate their capabilities by reaching a growth target and following the rules. If successful, they receive their contract and funded account credentials within 24-48 hours.
The final destination for successful traders is becoming a Varsity Trader, where they can access up to 90% of their gains. This system ensures that only the most skilled and disciplined traders are rewarded.
Our Features
The Varsity Traders Club takes pride in being a platform made by traders for traders. Here are some of their notable features:
- RAW Spreads: Partnered with a world-class broker, VTC offers traders the benefit of raw spreads for the best trading experience.
- First Payout On Demand: Traders receive their first payout on demand, allowing them to start earning from their funded account on day one.
- 3 Challenges To Fit You: VTC offers three different evaluation types to cater to various trading needs and styles.
- You Still Get Paid: Even if traders exceed daily drawdown limits and face losses, VTC will still pay out the remaining gains in their accounts.
- Customize Your Account: Traders have the flexibility to personalize their accounts according to their preferences.
- Unlock 2 Million In Capital: Unlike many other platforms, VTC allows traders to unlock funding of up to 2 million, making scaling more accessible than ever.
- Expert Advisors: Traders can use expert advisors to enhance their trading strategies.
- Wide Range of Products: VTC offers trading opportunities in various products, including FX pairs, CFD Indices, Metals, Equity Shares, and Cryptocurrencies.
- No Capital Limitation: While there is a maximum funding limit of $2,000,000, VTC does not impose scaling plans.
- Compatible Platforms: The platform is integrated with the MT4 and MT5 platforms, provided by their broker, ThinkMarkets.
- Trade During News: Traders have the freedom to engage in trading during news events.
- Global Acceptance: The Varsity Traders Club welcomes traders from all countries, except those listed by OFAC.
- Account Activity: Traders are required to place at least one trade every 30 days to maintain account activity. Failure to do so may result in account breach, but it's easily reversible.
- Weekend Trading: Traders can hold positions over the weekend by adding this feature to their account during checkout.
In conclusion, The Varsity Traders Club is a promising trading platform that offers unique evaluation processes, flexible account options, and attractive features for traders worldwide. Whether you are a novice trader looking to start your journey or an experienced one seeking better opportunities, VTC might be the club for you.
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