Impact Trader is a proprietary trading firm designed to provide traders with the opportunity to trade with significant capital and keep up to 90% of the profits. Whether you're looking for a 1-step or 2-step challenge, Impact Trader offers flexibility with account sizes up to $1 million.

Company Information

Company Name: Impact Trader
Company Legal Name: Prop Account, LLC
Company Registration No.: Not publicly available
Operating Since: Not publicly available
CEO Name: Not publicly available

Challenge Details

Impact Trader offers two types of challenges for traders: the 1-Step Challenge and the 2-Step Challenge, each with different account sizes and pricing structures.

1-Step Challenge

Pricing:

Size: $25,000 - Price: $299
Size: $50,000 - Price: $450
Size: $100,000 - Price: $799
Size: $200,000 - Price: $1,500
Size: $400,000 - Price: $3,000
Size: $500,000 - Price: $3,500

Rules:

Profit Target: 10%
Total Loss (Max Drawdown): 6%
Daily Loss: 5%
Profit Share: Up to 90%
Drawdown Type: Trailing Drawdown
Time Limit: No minimum or maximum trading days
Leverage: Up to 10:1 (forex, metals, and indices)
Max Lot Size: Not specified
Payout Frequency: Every 30 days
Allows Copy Trading: No
Min Trading Days: No minimum Trading Days

2-Step Challenge

Pricing:

Size: $10,000 - Price: $110
Size: $25,000 - Price: $245
Size: $50,000 - Price: $375
Size: $100,000 - Price: $550
Size: $250,000 - Price: $1,150
Size: $500,000 - Price: $2,400

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss (Max Drawdown): 8%
Daily Loss: 4%
Profit Share: Up to 90%
Drawdown Type: Equity-Based
Time Limit: No minimum or maximum trading days
Leverage: Up to 10:1 (forex, metals, and indices)
Payout Frequency: Every 30 days
Allows Copy Trading: No
Min Trading Days: No minimum Trading Days

Scaling Plan

Impact Trader does not offer a scaling plan. Impact Trader offers max capital allocation of up to $1 million.

Spreads and News Trading Rules

Spreads:

Impact Trader offers RAW spreads from their partnered broker, meaning that spreads are competitive and well-suited for traders looking for cost efficiency.

News Trading Rules:

Traders are allowed to trade during news events as long as the broker's pricing data continues to be provided without interruption.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown limit is based on the previous day's balance and resets at 5 PM EST daily. The limit compounds as the account grows, offering flexibility while maintaining account security.

Countries Banned from Purchasing:

Traders from countries listed on the OFAC sanctions list are prohibited from participating in Impact Trader's programs.

Prohibited Trading Strategies:

Impact Trader has outlined several prohibited trading practices, which include but are not limited to:

Exploiting platform errors or latency.
Front-running trades.
Using insider information.
Holding equity CFD positions into earnings releases.
Engaging in arbitrage between different accounts.
Using one strategy for a challenge and another for a funded account.
Any breach of these rules will result in account termination and the forfeiture of any fees or profits.

Payout Methods

Impact Trader offer traders only one payout method :

Deel

Trading Commissions

The accounts offered by Impact Trader charge commissions for Forex and Equity Share CFDs. Other products, such as indices and metals, do not carry commission charges, making them more cost-effective for traders.

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