Proprietary trading firms haven’t been around too long but they’re the future. Whether you’re in the financial world or not, chances are that you’ve heard of a few prop trading firms – new ones are popping up every day – or so it seems.
These firms are so new to the world of finance it seems odd to call any one of them “new.” But some are newer than others.
And Traders with Edge is one such firm. This comprehensive Traders with Edge review will cover everything about the platform and how you can benefit from it.
A Traders with Edge Summary
Traders with Edge is a New York-based prop trading firm with a difference. Unlike other firms that only recruit traders with years of experience under their belts, Traders with Edge prides itself as the place where traders at all levels of experience can thrive.
Founded in 2022, Traders with Edge has already made a name for itself as one of the best prop trading firms you can find.
Traders pay a fee to access the platform and, once completing the evaluation phase, they are given access to one of the funded accounts.
Traders with Edge is always looking for investors who are always chasing yield–as there is no shortage of traders looking to be funded. Whether you are a beginner who is yet to sink your teeth into the world of trading or an experienced trader looking for a new home, Traders with Edge welcomes you.
What You Can Expect
The structure of the firm is such that traders who join are given the resources needed to succeed.
Traders are expected to provide trading capital and manage market risks. In turn, Traders with Edge provides traders with the necessary support and technology they need to succeed in the markets.
The firm sees itself as a community where each trader is invested in the success of the other–ensuring that traders are never left alone with their trading strategies or without support.
Traders with Edge Review: An Uncommon Platform
The trading platform offered by Traders with Edge is unlike what you would find at other firms like SurgeTrader. Traders with Edge sees discipline as a critical part of trading–the firm’s trading platform is geared towards creating highly disciplined traders.
The firm trains traders on how to develop a trading plan that is measurable and void of emotions. They provide in-depth courses focused on trading psychology, risk management, market analysis and trading tools.
With Traders with Edge, traders are not on their own. The firm offers daily live webinars and group trading sessions where traders can interact with each other and share experiences.
Additionally, the firm has a support team that is available 24/7 to assist traders with any concerns they may have. This structure fosters a community in which traders are invested in each other’s success.
It is not uncommon to find the traders in the firm interacting, sharing ideas and offering each other advice.
Getting Started
Traders who join the firm are given a chance to hone their trading skills with a simulator before going live–these are known as challenges. This allows traders to practice their strategies and better understand their approach to the markets without risking the trading capital they have invested.
Once a trader proves his or her proficiency, they are given real capital to trade in one of two accounts known as “Turtle” and “Hare.” A word on both:
Turtle
As you can expect, the Turtle account isn’t as fast-paced as the alternative and it’s not as rigorous.
It comes with a 1:10 leverage and you have 365 days to scour the markets in search of the best opportunities–hoping to reach a profit target of 10%.
The starting capital ranges from $5,000 to $200,000 and you get to keep 80% of the profits you generate.
Hare
The Hare account features a 1:30 leverage and is for those traders wanting to make a profit as quickly as possible.
The challenge has phases that must be completed:
- Phase 1 – Reach a 10% profit in 30 days
- Phase 2 – Receive a 5% profit in 60 days
In both cases, you must not fall below a 5% maximum daily loss or a 10% overall max loss.
Pricing
The cost of joining the firm is relatively low compared to other proprietary trading firms.
There is a one-time fee of $1,500 for traders who want to use the firm for one year.
Once this fee is paid, traders receive the necessary training, access to the firm’s mentorship program and a chance to trade with the firm’s trading capital.
The Bottom Line
In short, Traders with Edge is a unique prop trading firm structured to help traders of all levels achieve their trading goals. The firm’s platform is structured to encourage and support traders, fostering a community that is invested in each other’s success.
Whether you are a beginner or an experienced trader looking to improve your trading skills, Traders with Edge is an excellent place to start. If you like to give it a shot, click here to get started.
