Optimal Traders is one of the new leading prop firms in the prop firm space,  started in May 2023 , Optimal Traders has over 3000 Funded Traders and has paid over $3.6 Million in payouts and also provide over $400000 worth of max allocation, Optimal Trader provides algo Trading which is usually not available with most firms and also there’s a set of educational resources for trading. Optimal Traders also host trading competitions in which traders can join and win gifts, cash prizes and funded accounts as well. Optimal Traders also provide a scaling plan with which traders can grow their capital up to $6.5 million.

Company Information

Company Name : Optimal Traders

CEO Name : Azlan Rana

Company Address : Optimal Traders is based out of Dubai, the United Kingdom, and Uzbekistan

Dubai Office : Dubai Silicon Oasis, DDP, Building A2, Dubai

UK Office : 67-169 Great Portland Street, 5th Floor, London, W1W 5PF

Uzbekistan Office : 2 Muzrobot Street, Mirzo Ulugbek District, Tashkent

Podcast with TheTrustedProp

TheTrustedProp recently hosted a podcast with CEO Azlan Rana , where he mentioned how Optimal Traders operates in detail

Click Here:- https://youtu.be/My8vKd3hgRk?si=ZZoYHzI9w_HfkYdf

Challenge Details:-

Optimal Traders offers 3 types of challenge, 1-Step Standard Challenge, 1-Step Algo Challenge and 2 Step Challenge. 

1-Step Standard Challenge :

Prices :

• $5,000 - $89

• $10,000 - $189

• $25,000 - $289

• $50,000 - $389

• $100,000 - $589

• $200,000 - $999

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 0%
• Profit Share: 80%
• Drawdown Type: Relative Drawdown
• Time Limit: Unlimited
• Leverage: 1:33
• Max Lot Size: No max lot size rule
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Expert Advisors: No
• Min Trading Days: 0 Days in evaluation and 5 Days in Funded Phase

1-Step Algo Challenge :

Prices :

• $10,000 - $199

• $25,000 - $319

• $50,000 - $429

• $100,000 - $649

• $200,000 - $1099

Rules:

• Profit Target: 10%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80%
• Drawdown Type: Relative Drawdown
• Time Limit: Unlimited
• Leverage: 1:33
• Max Lot Size: No max lot size rule
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Expert Advisors: Yes
• Min Trading Days: 0 Days in evaluation and 5 Days in Funded Phase

2-Step Standard Challenge :

Prices :

• $5,000 - $59

• $10,000 - $99

• $25,000 - $159

• $50,000 - $329

• $100,000 - $509

• $200,000 - $959

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 4%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%
• Drawdown Type: Relative Drawdown
• Time Limit: Unlimited
• Leverage: 1:33
• Max Lot Size: No max lot size rule
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Expert Advisors: Yes
• Min Trading Days: 0 Days in evaluation and 5 Days in Funded Phase

Scaling Plan :-

After being funded, Every time a trader makes 4% profit in the span of 30 Days, their account size will grow by 25% of the initial balance.

News Trading Rules :-

There is no News Restriction when a trader trades with Optimal Traders.

Other Things to keep in mind:-

How is daily drawdown calculated :

In 1-Step Standard Program, there is no daily drawdown limit.

In 1-Step Algo and 2-Step Standard Challenge, the daily drawdown is calculated based on the equity or balance whichever is higher at the end of the day and will keep readjusting based on the account balance. This type of Daily drawdown also grows and shrinks with the account balance.

Gambling Rules :

Optimal Traders does not allow traders to have a gambler mentality and trade in ways like “ALL IN” , Trades which consist of really aggressive targets or really big lot sizes, Trades which can either pass or just fail the account, no proper risk management. Exploiting news events in not a sustainable way, these all come under gambling and is prohibited by Optimal Traders.

Strategies that are not allowed :

There are few trading strategies which are not allowed by Optimal Traders and these strategies include : 

• High-Frequency Trading
• Copying trades from someone else’s account
• Trade using signals
• Martingale
• Grid Trading
• Arbitrage Trading (Latency or Reverse)
• Tick scalping
• Demo Account Management Services

Payout Methods :

Optimal Traders provide two payout methods:-

• Rise

• Cryptocurrency

Trading Commissions :

Commissions are set to $3 per side($6 round trip) on forex, metals and Indices in both Evaluation and Funded Phases.

IP Rules :

Traders are recommended to trade only with the same IP Address and geographical location from where they have purchased the challenge account and also if a trader changes their IP Address or geographical location then they will have to provide satisfactory proof to the support team to be able to trade further.