Company Information

Company Name: TradersEdgeFX
Company Legal Name: TradersEdgeFX LLC
Company Registration No.: Not Disclosed
Operating Since: Information Not Available
CEO Name: Not Available

Challenge Details

TradersEdgeFX offers a variety of challenges designed to accommodate different trading styles. Let's break down the available programs and what they include.

1-STEP HFT Challenge

Pricing:

• $25,000 Account: $499
• $50,000 Account: $639
• $100,000 Account: $999
• $200,000 Account: $1,799

Rules:

• Profit Target: 10%
• Total Loss: 10% (Max Drawdown)
• Daily Loss: 5%
• Profit Share: 65%, with the potential to scale up to 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:30 for Forex, 1:30 for Metals and Indices, 1:2 for Cryptocurrencies
• Max Lot Size: 20 lots
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: No minimum trading days

1-STEP EVALUATIONS Challenge

Pricing:

• $10,000 Account: $159
• $25,000 Account: $399
• $50,000 Account: $539
• $100,000 Account: $899
• $200,000 Account: $1,299

Rules:

• Profit Target: 10%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 65%, with the potential to scale up to 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:30 for Forex, 1:30 for Metals and Indices, 1:2 for Cryptocurrencies
• Max Lot Size: 20 lots
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: No minimum trading days

2-STEP EVALUATIONS Challenge

Pricing:

• $10,000 Account: $89
• $25,000 Account: $149
• $50,000 Account: $249
• $100,000 Account: $499
• $200,000 Account: $899

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 12%
• Daily Loss: 6%
• Profit Share: 65%, with potential to scale up to 80%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: 1:30 for Forex, 1:30 for Metals and Indices, 1:2 for Cryptocurrencies
• Max Lot Size: 20 lots
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Min Trading Days: No minimum trading days

Scaling Plan

TradersEdgeFX has an exciting scaling plan for successful traders. After trading for three months and achieving a total profit of 12% in two of those months, traders will be eligible for a $200,000 increase in their simulated account. This is a one-time scaling opportunity and a great way to grow your trading capital if you can consistently perform.

Spreads and News Trading Rules

Spreads:

Spreads are not explicitly mentioned, so traders should inquire directly with TradersEdgeFX for details before purchasing the accounts.

News Trading Rules:

Yes, news trading is allowed! Traders are free to trade during news events, which is a major plus for those who thrive in high volatility. However, caution is advised because news events can cause sudden market swings. Managing risk during these times is crucial to avoid getting caught off guard by unexpected movements.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown is calculated based on the previous day’s equity at 6 PM EST and acts based on trailing drawdown which means the drawdown limit does not increase in size but changes it's position as the account grows.

Countries Banned from Purchasing:

TradersEdgeFX does not accept clients from several countries, including Afghanistan, Belarus, Bosnia and Herzegovina, Burundi, Cambodia, Central Africa Republic, Cuba, Democratic Republic of Congo, Ethiopia, Eritrea, Guinea Bissau, Guinea, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Malaysia, Mali, Myanmar, Nicaragua, North Korea, North Macedonia, Oman, Papua New Guinea, Republic of Congo, Russia, Serbia, Somalia, South Sudan, Sudan, Syria, Tajikistan, Ukraine (Regions – Crimea, Donetsk, Luhansk), Vanuatu, Venezuela, Vietnam, Yemen, and Zimbabwe. Be sure to check if your country is on the restricted list before signing up.

Prohibited Trading Strategies

TradersEdgeFX is strict about the use of specific trading strategies. Here’s what’s prohibited:

• Copy trading signals from other traders
• Tick scalping
• Latency arbitrage trading
• Reverse arbitrage
• Hedge arbitrage
• High-Frequency Trading (HFT) Bots on live accounts
• Martingale strategies
• Emulators

If you use any of these strategies, your account may be terminated, so it’s important to stick to permitted trading styles.

Payout Methods

TradersEdgeFX uses Riseworks.io for their payout  services. Rise allows traders to withdraw payouts directly to their bank account or blockchain wallet, giving flexibility in how you receive your earnings.

Trading Commissions

Details about trading commissions aren’t provided. It’s recommended to contact TradersEdgeFX support for specific information on potential commission costs.

IP Rule

TradersEdgeFX did not mention any specific IP rules but it’s always wise to trade from the device with which the trader has purchased the account.