FAQS - Traders With Edge (2024)

A free trial of the software is available on request by logging a support ticket. The free trial is an abbreviated version of the Traders With Edge Challenge for you to familiarize yourself with our platforms, and trading rules and get a sneak peek of what it’s like trading with Traders With Edge.

The trial is also a sandbox where new traders can practice, hone their skills and improve their trading acumen. Success in a free trial means you have a great chance of being successful in the Traders With Edge Challenge.

Note that the free trial does not provide eligibility to a funded trader account. Traders still need to pass the Traders With Edge Challenge to become funded traders.

After you have successfully passed challenge stage(s) of your account, your trade history will be sent to our risk management team who will assess the account to ensure there have not been any violations.

Once they have reviewed the account history, one of three things will happen;

1. The risk team may ask for more information about your trading if there is any grey area about your trading results.
2. You will receive an email with your new login details for your live account which is connected to live funds.
3. You will receive an email explaining the violation that has happened.

Keep in mind this is only in the case where you have clearly violated a rule that is defined in terms and conditions that you signed.

Your challenge will start on the day you make your first trade. You have unlimited time to complete the challenge for both Turtle and Hare.

There is also a 30-day inactivity condition for all accounts. If you do not place a trade within 30 days your account will be deleted as we assume you have abandoned it.

Yes, however, you will need to provide additional documents such as the following:

• Articles of incorporation
• Directors proof of address
• Photo ID and proof of address of any shareholder holding over 25%.

First of all, you should go on holiday, life is not just about making money, go enjoy it.

There is a 30-day inactivity period on all of our accounts. If you do not place a trade within the inactivity period, your account will be deleted as we assume you have abandoned it.

If you know in advance that you will need to pause for longer than this, please contact support and discuss it with us and we may be able to make an exception in some situations.

Hare Challenge

The minimum time to complete any phase in a Hare Challenge is 5 trading days. There must have been at least one trade opened on 5 different days to successfully pass the challenge.

Turtle Challenge

The minimum time to complete any phase in a Turtle Challenge is 10 trading days. There must have been at least one trade opened on 10 different days to successfully pass the challenge.

Instant Funding

The minimum time scale to the next level of an Instant Funding account is 5 trading days. There must have been at least one trade opened on 10 different days to successfully pass the challenge.

A trader may not reach the profit target with one large trade, then use significantly smaller lots to pass the minimum trading days. When the account is reviewed, if there is a large difference in lot size used to pass minimum time rule, the challenge will be failed.

Trades must fully execute trades, they can not just be opened and closed. Pending orders do not count towards the total.

Yes, we have two scaling plans that you can choose from when you pass your Challenge.

The Organic Scaling Plan

This scaling plan is for those who need payments sooner and are willing to sacrifice larger medium-term gains for short-term cash. Each time you withdraw from the account, we will also withdraw. The account is reset to the starting balance after profits are withdrawn.

If you make over a 10% net gain in 4 months and 2 out of the 4 months are profitable, you may request account scaling and if there are no violations we will top up your account with an extra 25% of the starting balance.

Rapid Scaling Plan

This scaling plan is for those who want to trade a large account fast. If you choose this plan you must leave your profit share in the account, as we will. We will then continue to top up your account each month your account grows while balancing the maximum risk.

This is by far the fastest way to manage a million+ dollar account. The idea with this plan is that once you reach the desired balance, you then withdraw a portion of the monthly profits which will still be larger than your withdrawal if you had an organic account. To see how fast the rapid account can scalesee here.

Traders will trade the same account balance as their Traders With Edge Challenge. If you traded with $500,000 for the Challenge, you would also manage $500,000 worth of our capital in your funded trader account.

All Traders With Edge Challenge accounts are demo accounts with virtual funding. Upon successful completion of the Challenge, traders receive login credentials to another demo account which is connected directly to real funds.

Traders are then entitled to a percentage of profits generated in the live account. In order to trade an account with a higher account balance, you can apply for another Traders With Edge Challenge. So, for example, if you are trading a $100,000 funded account and wish to trade more, you can apply for another $100,000 account by taking a $100,000 Traders With Edge Challenge.

First, it’s important to understand that there are two different types of breach: a hard breach and soft breach. A violation of the daily or maximum drawdown constitutes a hard breach.

Hard Breach

During the Traders With Edge Challenge, in the event of a hard breach, account access will be revoked. If a funded trader incurs a hard breach of the trading rules, trading account access will be revoked. Any profits earned by the trader at that time will be distributed.

Soft Breach

A soft breach occurs if, for example, a trader place a trade without a stop-loss. If a soft breach occurs, the trade is closed, and the trader can continue to trade. Traders can always start again with another Challenge. A discount may be available for a repeat Challenge.

In order to become a funded trader, the first step is to choose the Challenge that fits you best. This will be an assessment of your skills, risk management, and profitability as a trader.

After you purchase the Challenge that is right for you, your login details will instantly be sent to your email. Once you pass the Challenge, we’ll set you up with a funded account after manually reviewing the trades. This typically takes 1-2 business days.

Yes, you can merge more than one account after you have passed a challenge if they are the same account type (Turtle with Turtle, or Hare with Hare) and if they have the same customizations.

You can merge Turtle Accounts up to $1 Million and Hare accounts up to $500,000 in initial balance.

You can’t merge instant accounts of any kind.

Max Drawdown is STATIC.

Static Max Drawdown

A static max drawdown is simple as it always stays at the X% of the initial account balance.

For example:

The Maximum drawdown of a 100K Hare account is 10% of initial balance. This means that the Maximum drawdown level is always 100K – (100K x 10%) = 90K.

We calculate the daily loss limit based on the previous day’s end of day equity. This is calculated at 5PM EST, so ensure you know what time of day this is in your location.

All of the below is calculated for you automatically inside your traders dashboard in real time, so you don’t need to calculate any of it, but you do need to understand it.

Example 1:

The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $106,000 which is carried over to the second day.

The second day your daily drawdown limit is reset with the new High-Water Mark being $106,000. If your daily drawdown limit is 2.5% on the Turtle account then the lowest your equity can reach is $106,000 – $2,650 = $103,350.

Example 2 (Violation):

The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit but you did NOT close the trade before the end of the day. Instead you moved your stop-loss to breakeven. At the end of this day your account equity is $106,000 which is carried over to the second day.

On the second day the trade goes back to breakeven and is closed by your stop-loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (2.5% on a Turtle account) on a single day and this will be a hard violation and the account will be closed. If you violate this rule, the account will be closed.

Yes, all accounts have an inactivity period of 30 days.

The 30 day inactivity period starts when the account is created and is always applied to the account.

This means that if at any point, you do not open a trade in your account for 30 days, your account will be considered abandoned and closed.

This applies to both challenge and funded accounts.

If you have any profits left in the account after it has been breached and you have made atleast 1 withdrawal from this account, you have 30 days to contact us to request a withdrawal.

No, you can not reset your master or investor trading account password at any time. We will not be able to track the results of your account.

If either password is changed it is considered a hard rule breach and the account will be closed. If you lose your login details, contact support and we can change the password for you.

We do not limit your trading style or strategy, in any way. Whether your strategy involves discretionary trading, hedging, algorithmic trading or anything else, you can use it with Traders With Edge.

The only requirements are adherence to theTrading Rules.

Yes you can hedge trades.

However, you can not hedge trades between two accounts.

Keep in mind this can add extra risk to your account and you are responsible for any violations that occur because of hedging.

You may use a trade copier to copy trades between your own personal account or another prop firm account to your Traders With Edge challenge or funded account.

You may not use a trade copier to copy trades between your challenge accounts, or to copy from another account to multiple challenge accounts.

You may not use a trade copier to copy trades from another Traders With Edge trader, because we want a diverse range of traders.

Copying the trades of another trader is a breach of our rules

Yes, you are able to trade using an Expert Advisor.

However, keep in mind, you are responsible for any trading violations that may occur due to its usage and we won’t accept excuses blaming the EA for losses.

Important:
If you are using a third-party or publicly available EA, there is a possibility that there are other traders who are already using the same EA.

Copying the trades of another trader is a breach of our rules and our terms and conditions. As such, if it is found that you are using the same EA as another trader who is already trading with us, your account may be breached.

You can hold trades overnight.

You are also able to keep trades open over the weekend for both challenge and funded accounts.

Traders can execute trades on a variety of CFD market instruments including:

• Forex, digital currencies, metals and energy, stock indices and 500+ individual stocks. To see the full list of available products, click here.

All the ones on the tradable assets page.

Yes you can trade news.

Keep in mind that spreads and slippage can be much higher around news announcements so your losses may be higher than expected.

You can not however, take advantage of unrealistic fills and pricing or this can be seen as a violation. Keep in mind we need to be able to copy your trades to a live account with real slippage and spreads to be able to pay you.

There is no lot size limit as we can appreciate some traders use very tight stop losses with high RR to trade.

There is however a maximum risk per trade and maximum open risk on the account. Please review these.

Although we do not restrict the lot size for traders, due to the leverage of the accounts and margin requirements, there are lot size limitations depending on your account size.

It is highly recommended to trade a lot size which is smaller than the ones shown below as a change in asset price may cause a margin break if the maximum lot size is used. Below is a table which shows theMAXIMUMlot size that can be placed for different account sizes.

The above table shows the maximum lot size that can be placed for EURUSD (1.0546).

Although for most forex pairs the max lot sizes will be similar, as different assets have different contract sizes, the maximum lot size for other assets will be different. Please note, the combined lots of your open trades cannot surpase the maximum lot size or the trade will not be placed.

No, once you have obtained your funded account, you are prohibited from making drastic changes to your trading strategy.

The purpose of the challenge stages is to assess the risk associated with your trading strategy. Therefore, it is expected that you continue to trade with the same strategy and similar symbols on your funded account as you did during the challenge stages. This consistency ensures that the risk profile assessed by Traders With Edge remains accurate and reflective of your trading behaviour.

Yes, you can see it in the community here.

Historically we haven’t posted it or asked our traders to post their proof because we thought it looked spammy. Many people have asked for it so it is now posted in the community.

Hare accounts – you are eligible for a full refund of the fee you paid for your challenge account and your profit split once you have passed the minimum eligible time, which is 10 active trading days after placing the first trade on your funded account.

If you violate any rules before this time the refund and profit split payment will be void.

Turtle accounts – are not refundable regardless of if you pass the challenge or not, it’s a different financial model. You are eligible for a profit split once you have passed the minimum eligible time, which is 10 active trading days after placing the first trade on your funded account.

If you violate any rules before this time the refund and profit split payment will be void. After you have received your first payment, if you were to violate a rule you will still be eligible to receive any remaining portion of your profit split.

The relationship between a trader and Traders With Edge is based on the contract agreement agreed to by you at the time you sign up for your challenge.

This agreement is legally binding to both parties.

You can withdraw funds to any of the following; Fasapay, Payeer, Payoneer, PayPal, Perfect Money, Wise, BTC, USDT and Bank Transfer.

Please note: Payouts of USDT can only be sent through the ERC20 network.

After you have traded for 10 active trading days with a funded account you can request a payout of profits at any time, but no more frequently than every 14 days.

When a withdrawal is requested, Traders With Edge will also withdraw its share of the profits and your new highwater equity will be marked down by the total amount of funds withdrawn.

For example:

Let’s say a trader with a funded $100,000 account makes a profit of $20,000. When they take their 80% profit share of $16,000, Traders With Edge will also withdraw 20% of profits in the amount of $4,000.

Thus, the new account balance, after withdrawal, would be $100,000 and all daily loss limits and trailing drawdown rules would apply to this balance.

To request a payout:

1. Ensure that you have filled in the KYC formfirst

2. Check that all trades are closed.

3. Ensure you meet the minimum days since the last payout.

4. Go to your dashboard and click the withdraw button when you are eligible.

5. Once you click this button your trading account will be set to read only mode and you won’t be able to trade until the payout has been made.

Payouts are sent within 5 buisness days after they are approved and can take up to 5 buisness days to reach you depending on your selected payout method

Although the minimum amount of profit that a trader must have to request a payout is the same for all account types (Turtle, Hare, Instant Funding), the minimum is different depending on the payout method.

The minimum payout is $50for payouts through Bank Transfer.

The minimum payout is $100 for traders who wish for their payout through Crypto/Rise or Paypal.

Example:

On a Turtle Account with a 80% profit split, to request a payout using Bank Transfer, the trader must have made a profit of at least $62.5 ($62.5 x 80% = $50) to request a payout.

On an Instant Funding account with a 50% profit split, to request a payout using Paypal, the trader must have made a profit of at least $200 ($200 x 50% = $100) to request a payout.

Traders will have the same live account balance as they chose for the Traders With Edge Challenge.

Once a trader passes the challenge and results are verified, they will be provided credentials to a live account — where they are entitled to 80% of profits generated.

There are no live account upgrade options for account size. Traders should choose the appropriate account size when applying for the Traders With Edge Challenge.

Standard:

• Your initial account size will increase every time your account grows by 10%
• Max Drawdown: 5% of starting account balance
• Leverage is 1:100
• Desk Fee: Accounts are 2x more affordable than Instant Aggressive

Aggressive:

• Your initial account will increase every time your account grows by 20%
• Max Drawdown: 10% of starting account balance
• Leverage is 1:100
• Desk Fee: Accounts are 2x more expensive than the Instant Standard

First Level

Traders can earn a profit split of 50% of their profit target.

For example:

On the 5K Instant account with a 10% profit target, traders can earn 50% of 10% which is $250.

This can be increased to 60% with the addition of customizations.

All Other Levels:

The profit split for the instant funding accounts is 50% of all profits made on the account.

Withdrawing profits will not affect your account from scaling up. You can withdraw every 5 trading days after your first withdrawal and your account will still scale up once you have met all the criteria and when your profits reach the profit target and request an update through your trader dashboard.

For example:

On the Instant Standart account, the profit target is 10%.

You gain 6% profit over 5 trading days and make a 6% withdrawal.

Then you gain 4% profit over the next 5 trading days.

You have made a total of 10% and are now qualified to scale to the next level as you have reached the profit target.

Yes, all accounts have an inactivity period of 30 days.

The 30 day inactivity period starts when the account is created and is always applied to the account.

This means that if at any point, you do not open a trade in your account for 30 days, your account will be considered abandoned and closed.

If you have any profits left in the account after it has been breached and you have made atleast 1 withdrawal from this account, you have 30 days to contact us to request a withdrawal.

Once you hit the profit target for your level and have placed at least 1 trade during 5 differet trading days, you can scale to the next level by clicking the “Upgrade” button on your trader dashboard.

Once you have clicked this button, we will make sure that no Manipulation rules have been breached and then scale you up to the next level.

Make sure to request a payout once you have hit your profit target

You can request a payout after trading for 5 different trading days.

For the first stage of your Funded Accounts, you can only request a payout once you are eligible to scale to the next level.

Please refer to the Funding & Payouts section to see the minimum profit required for different methods of payouts.

Here is a list of customizations that we offer on each different account:

Hare

• Increase Profit Split to 90%
• Double Leverage
• Increase Max Loss to 12% and Daily Loss to 6%
  

Yes, on all account types, customizations that you have purchased gets applied to your funded accounts once you have passed your challenge.

Adding customizations to accounts is a manual process and so the time that it takes for customizations to be added to your account can vary depending on how busy we are.

We try to get to them ASAP so that you can start trading immediately however, it can take us between 24 to 48 hours, during weekends.

Once we have applied the customizations to your account you will see the changes on your dashboard.

If you are not sure if your customizations have been added, you can always check by sending us and email or asking the support team on live chat.

No, the customization fees are not refunded with your first payout.

This includes the fee refund on the Hare accounts. Only the account fee is refunded, not the customization fee.

Forex leverage for Turtle accounts is set to 1:100 and for Hare accounts it is set to 1:100.

For Turtle accounts leverage is as follows. Forex, Metals and Oils receive up to 1:100 leverage, Indices receive 1:20, Individual stocks receive 1:5 leverage, Digital currencies receive 1:2 leverage.

For Hare accounts leverageis as follows. Forex, Metals and Oils receive up to 1:100 leverage, Indices receive 1:50 leverage, Individual stocks receive 1:10 leverage, Digital currencies receive 1:2 leverage.

For all other symbols please consult support.

We don’t usually recommend it, though if you choose to you can.

Please note that M4 is no longer supported on mobile devices.

There are a few reasons. First and foremost, the fee covers various operating expenses for Traders With Edge including:

• Technology
• Platforms
• Personnel
• Customer service functions
• Marketing
• All the healthy expenditures that make a company strong.

In addition, the fee ensures that the trader is committed to the process and committed to successful, disciplined trading practices. When a trader has skin in the game, so to speak, they are incentivized to treat their account responsibly and with the utmost care.

After all, the fee is but a small token of commitment rewarded with hundreds of thousands of dollars in real capital to trade. The best part of this arrangement for traders is that it is the only capital they risk. Traders cannot lose more than this fee, as losses on a live funded account are covered by Traders With Edge.

The Traders With Edge Challenge fee serves as a filter for serious traders. The Traders With Edge community only works when it is comprised of experienced traders that can consistently generate a profit. With limited resources, the Traders With Edge Challenge process reveals those who are committed and responsible traders.

At the end of the day, the Traders With Edge program is an extremely valuable service — a win-win for everyone — and the service is accurately priced to support a symbiotic relationship.

You can find all our payment methods here: https://traderswithedge.com/payment-methods/

Funded Accounts

Traders may have multiple funded accounts that are trading the same strategy, totalling up to $3 Million USD. If traders have more than 1 strategy, they can have up to $3 Million USD per strategy.

You can and we recommend combining accounts, you only need to manage one account.

Challenge Accounts

Traders can only have 1 active trading account at a time.If multiple challenge accounts are traded at the same time, these accounts will not be moved to a funded account even if the profit target has been reached.

Instant Accounts

Traders can only have 1 active Instant trading account a time.

If mulitple accounts are traded at the same time, these accounts will not be paid out or moved to the next level.

You may apply for the Traders With Edge Challenge by choosing your account size and platform. After selecting it, upon form submission, you will be directed to the payment page and receive an order confirmation email.

Within 5 minutes you will automatically receive your account logins so you can get started trading. If after 10 minutes you still haven’t received your logins, check your spam folder and if you still haven’t received your details please contact our support.

Some people shouldn’t become a funded trader. There are responsibilities in managing money and for some the pressure is too much. We offer a path for anyone around the world to earn extra, or a full time income from trading if they are willing to put in the work.

The number one reason why people choose to become a funded trader with us is that they can achieve their financial goals much faster. If you’re trading your own $5,000 account, even if you make 10% every month, you can still only take $500 out of profit. If the same trader is trading a $100,000 account, depending on the account type they will be taking $7,500 per month.

We come from the same world you do. We’re also traders. We used that experience to develop and optimize the best programs for our traders. We want traders to pass the Challenge and become successful traders because, if you profit, we profit.

It’s a win-win all the way around. So, we’ve developed our programs with straightforward, simple trading rules. We’ve made it easy to track your performance with our industry-leading platform and dashboards.

A free trial of the software is available on request via the live chat or support ticket. The free trial is an abbreviated version of the Traders With Edge Challenge for you to familiarize yourself with our platforms, trading rules and get a sneak peek of what it’s like trading with Traders With Edge. The trial is also a sandbox where new traders can practice, hone their skills and improve their trading acumen.

Success in a free trial means you have a great chance of being successful in the Traders With Edge Challenge. Note that the free trial does not provide eligibility to a funded trader account. Traders still need to pass the Traders With Edge Challenge to become a funded trader.