About Trade Amber

Company Information

• Company Name: Trade Amber
• Company Legal Name: Trade Amber LTD
• Company Registration No.: Undisclosed
• Operating Since: Undisclosed
• CEO Name: Undisclosed

Challenge Details

Trade Amber offered two type of challenge options: the Fixed Challenge and the Scale Challenge. Here are the details :

Fixed Challenge Details

Pricing:

• $5,000 Account: $34
• $10,000 Account: $74
• $25,000 Account: $159
• $50,000 Account: $249
• $100,000 Account: $399
• $200,000 Account: $799

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: Not disclosed
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:100
  • Indices: 1:20
  • Commodities: 1:20
  • Crypto: 1:2
• Max Lot Size: No limit
• Payout Frequency: Every 14 days
• Allowed Copy Trading: Yes
• Minimum Trading Days: 0 days

Scale Challenge Details

Pricing:

• $20,000 Account: $99
• $50,000 Account: $159
• $100,000 Account: $199

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Profit Target (Phase 3): 6%
• Total Loss: 5%
• Daily Loss: 3%
• Profit Share: Not disclosed
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:10
  • Indices: 1:10
  • Commodities: 1:10
  • Crypto: 1:2
• Max Lot Size: No limit
• Payout Frequency: Every 14 days
• Allowed Copy Trading: Yes
• Minimum Trading Days: 0 days

Scaling Plan

Trade Amber did not offer a scaling plan for traders who achieved consistent performance.

Spreads and News Trading Rules

Spreads:

Trader Amber did not mention their spreads.

News Trading Rules:

News trading was allowed for all challenge types, but traders were prohibited from using bracket or hedging strategies during news events.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown was calculated based on the account’s starting equity at the beginning of each day, This daily drawdown drawdown was based on equity based drawdown, meaning the drawdown limit will keep fluctuating as the account balance gains profit or loss at any moment. 

Countries Banned from Purchasing:

Trade Amber restricted users from these countries :-

• USA
• St. Vincent and the Grenadines
• North Korea
• Eritrea
• Iran
• Iraq
• Liberia
• Libya
• Somalia
• Sudan
• Syria
• Japan
• Canada
• Puerto Rico

Prohibited Trading Strategies

Trade Amber enforced strict guidelines on prohibited trading strategies, particularly those that could manipulate market conditions or exploit server vulnerabilities. Banned strategies included:

• Trading on Delayed Charts
• Tick Scalping
• High-Frequency Trading (HFT)
• Arbitrage Bots
• Reverse Arbitrage
• Latency Arbitrage
• Use of Platform or Data Freezing due to Demo Server Errors
• Hedge Arbitrage or Emulators

While EAs (Expert Advisors) were permitted, they needed to comply with Trade Amber’s trading rules. Any HFT activity—opening and closing five or more trades within a one-minute interval over a 24-hour period—would trigger violations and could lead to account termination.

Payout Methods

Trade Amber did not disclose any specific payout methods for its traders.

Trading Commissions

Details on trading commissions were not provided by Trade Amber.

IP Rule

Trade Amber did not disclose any specific rules regarding IP address restrictions.