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| Legal Name | Glow Node LTD |
|---|---|
| Directors | Sam Bradbury and Ryan Beasley |
| Company Number | 14037065 |
| Country of Registeration | United Kingdom |
| Company Details | Company Details |
| Registered Address | 86-90 Paul Street, London, England, EC2A 4NE |
| Date of Incorporation | 9 April 2022 |
| CEO Name | Sam Bradbury |
| Broker | Eightcap |
| Maximum Allocation Before Scaling | $300,000 |
| After Scaling | $1,000,000 |
| Types of Challenge Offered | One Phase and Two Phase Challenge |
| Payment Methods | Credit Card/Debit Cards and Crypto |
| Payout Methods | Rise |
| Support Email | [email protected] |
Glow Node is a prop firm based in the United Kingdom, offering trading challenges and instant funding options. The company was registered on April 9, 2022, with the company number 14037065. Traders have the opportunity to trade Forex, Crypto, and CFDs on platforms such as MT4 and MT5.
Accepted payment methods at Glow Node include crypto and cards, while withdrawals can be made through Rise, crypto, and bank transfers. The firm works with Eightcap as their chosen broker.
The firm provides two types of challenges: One Phase Challenge and Two Phase Challenge. In the One Phase Challenge, the profit split between traders and the firm is set at 80/20, with the potential for higher splits up to 90/10 based on performance. Traders progress to Phase 2 based on their performance and readiness, with a Phase 2 profit target of 10% or $10,000 in trading gains. Time limits are flexible, and daily drawdown should not exceed 4% or $4,000 in losses. The maximum drawdown allowed is 8% of the trading account’s peak value.
For the Two Phase Challenge, the profit split and time limits are the same as the One Phase Challenge. In Phase 1, traders target an 8% profit, while in Phase 2, the profit target is lowered to 5%. Daily drawdown is limited to 5% in losses, and the maximum drawdown allowed is 10%.
Please Note: Account Sizes are flexible. Prices change as per you modify.
Both challenges offer various funding capital options ranging from $10,000 to $200,000.
Glow Node allows traders to scale up their capital based on performance. The maximum allocation is $300,000, and after scaling, it can reach $1,000,000. The scaling rule is to achieve a 4% monthly gain for three consecutive months, resulting in a 25% increase in account size.
Trading permissions and limitations at Glow Node include no allowance for HFT, copy trading is allowed, hedging is allowed, and EA usage is permitted.
Customer support is available through Discord, live chat, and Twitter. The firm does not offer free trials, and traders from Russia are restricted. Glow Node does not organize competitions, and free retries are not provided.
For more detailed information and specific terms and conditions regarding the challenges and instant funding options, it is recommended to contact Glow Node directly.
