Traders With Edge: Reviews And Analysis
Traders With Edge is a professional Forex trading company based in Hong Kong with a profit share of up to 80%.
Traders With Edge is a Hong Kong-based forex specialist trading company founded in 2022 that offers a wide range of trading instruments, including forex, indices, metals, commodities, stocks and cryptocurrencies.
Traders With Edge has a maximum account balance of up to $3 million and a profit share of up to 80%. Trading fees start at $55 and are available through platforms such as MetaTrader 4, MetaTrader 5, DXtrade and MatchTrade.
Key Features
- Trading Instruments: Forex, indices, metals, commodities, stocks, cryptocurrencies.
- Maximum Account Balance: $3,000,000.
- Profit Split: Up to 80%.
- Cost: Starts at $55.
- Trading Platforms: Includes MetaTrader 4, MetaTrader 5, DXtrade, and MatchTrade.
Pros & Cons
Pros
- Ability to trade up to $3,000,000 in funds.
- Offers instant funding accounts.
- After successfully trading funded accounts for two years, the company introduces traders to larger institutions that can fund up to $30,000,000.
- Allows overnight and weekend positions.
- Free trial available upon request.
Cons
- Maximum profit split is limited to 80%.
- Limited variety of cryptocurrencies available for trading.
- Restriction to owning only one account at a time.
Traders With Edge "Turtle" Accounts
"Turtle" accounts are single-step challenge accounts.
This product has a profit target to achieve in a minimum of 10 days, with no time limit. Traders also need to avoid exceeding maximum loss and daily loss limits.
Standard Turtle Accounts
- Minimum trading days: 10 days.
- Challenge duration: Unlimited trading days.
- Maximum daily loss: 3%.
- Maximum loss: 6%.
- Profit target: 10%.
Aggressive Turtle Accounts
- Minimum trading days: 10 days.
- Challenge duration: Unlimited trading days.
- Maximum daily loss: 5%.
- Maximum loss: 10%.
- Profit target: 20%.
Traders With Edge Instant Accounts
Instant accounts are designed for traders who wish to immediately secure funding.
This product has a profit target to achieve. Once achieved, the account balance is scaled up with no maximum trading days. Traders only need to avoid exceeding maximum loss.
Standard Instant Accounts
- Minimum trading days: 5 days.
- Maximum trading days: Unlimited.
- Maximum loss (static): 5%.
- Profit target: 10%.
Aggressive Instant Accounts
- Minimum trading days: 5 days.
- Maximum trading days: Unlimited.
- Maximum loss (static): 10%.
- Profit target: 20%.
Traders With Edge "Hare" Accounts
"Hare" accounts are two-step challenge accounts.
This product has a profit target to achieve within a minimum of 5 days per phase, and up to 60 days per phase. Traders also need to avoid exceeding maximum loss and daily loss limits.
Standard Hare Accounts
- Minimum trading days per phase: 5 days.
- Maximum trading days: As needed.
- Maximum daily loss per phase: 5%.
- Maximum loss per phase: 10%.
- Profit target: 10% in phase 1 and 5% in phase 2.
Aggressive Hare Accounts
- Minimum trading days per phase: 5 days.
- Maximum trading days: Unlimited.
- Maximum daily loss per phase: 10%.
- Maximum loss per phase: 20%.
- Profit target: 20% in phase 1 and 10% in phase 2.
Traders With Edge Expert Advisors (EA)
Traders With Edge allows the use of Expert Advisors (EAs) for trading. While they permit EAs, it is recommended to use your own as copy trading is not allowed. Duplicate use of the same EA may be considered as copy trading.
Traders With Edge Free Trial
Traders With Edge offers a 14-day free trial.
Traders With Edge does not provide free repeats. However, a discount is available when retaking a challenge after the first attempt.
Traders With Edge Trading Platforms & Trading Hours
Traders With Edge provides access to popular trading platforms used by Forex brokers.
You can use: MetaTrader 4, MetaTrader 5, DXtrade, MatchTrader.
All programs allow overnight positions. You can hold positions according to your own trading style.
Weekend positions are also allowed. Just be cautious of daily and weekend market gaps.
Traders With Edge News Trading
There are no restrictions on news trading. Traders should be mindful of market volatility. Manage trades properly and avoid exceeding maximum safe lot sizes.
Traders With Edge is a Forex proprietary trading firm based in the United States, specializing in funded trading. The company offers multiple options including instant funding programs, one-phase, and two-phase challenge programs to cater to different investor needs.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.