Prop Firm Challenges – Traders With Edge2022-07-03T18:54:10+00:00

Choose Your Account Type

Select Trading Capital

1 Phase CHALLENGE

Phase 1

Funded

Target

10%

NA

Max Daily Loss

2.5%

2.5%

Max Loss

5%

5%

Min Time Days

10

NA

Max Time Days

365

NA

Your Profit Share

NA

80%

Account Leverage

1:10

1:10

Account Scaling

NA

Yes

Participation Fee

$55

$0

100's more instruments to trade on MT5

1 Phase CHALLENGE

Phase 1

Funded

Target

10%

NA

Max Daily Loss

2.5%

2.5%

Max Loss

5%

5%

Min Time Days

10

NA

Max Time Days

365

NA

Your Profit Share

NA

80%

Account Leverage

1:10

1:10

Account Scaling

NA

Yes

Participation Fee

$100

$0

100's more instruments to trade on MT5

1 Phase CHALLENGE

Phase 1

Funded

Target

10%

NA

Max Daily Loss

2.5%

2.5%

Max Loss

5%

5%

Min Time Days

10

NA

Max Time Days

365

NA

Your Profit Share

NA

80%

Account Leverage

1:10

1:10

Account Scaling

NA

Yes

Participation Fee

$250

$0

100's more instruments to trade on MT5

1 Phase CHALLENGE

Phase 1

Funded

Target

10%

NA

Max Daily Loss

2.5%

2.5%

Max Loss

5%

5%

Min Time Days

10

NA

Max Time Days

365

NA

Your Profit Share

NA

80%

Account Leverage

1:10

1:10

Account Scaling

NA

Yes

Participation Fee

$450

$0

100's more instruments to trade on MT5

1 Phase CHALLENGE

Phase 1

Funded

Target

10%

NA

Max Daily Loss

2.5%

2.5%

Max Loss

5%

5%

Min Time Days

10

NA

Max Time Days

365

NA

Your Profit Share

NA

80%

Account Leverage

1:10

1:10

Account Scaling

NA

Yes

Participation Fee

$750

$0

100's more instruments to trade on MT5

1 Phase CHALLENGE

Phase 1

Funded

Target

10%

NA

Max Daily Loss

2.5%

2.5%

Max Loss

5%

5%

Min Time Days

10

NA

Max Time Days

365

NA

Your Profit Share

NA

80%

Account Leverage

1:10

1:10

Account Scaling

NA

Yes

Participation Fee

$1500

$0

100's more instruments to trade on MT5

Turtle Trading Rules

Profit Target2022-04-20T02:37:13+00:00

The profit target on the stage 1 account is reached when the account equity reaches 10% gain above the initial starting equity.

There is no profit target for stage 2 funded accounts.

Daily Drawdown – Hard Rule2022-04-20T02:39:06+00:00

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.

 

Maximum Drawdown – Hard Rule2022-04-20T02:40:33+00:00

The Maximum Drawdown is the maximum your account can drawdown from the highest balance.

For example, if you have a $100,000 account and make $5,000 in closed profits on your account. Your High-Water Mark is now $105,000.

Your account’s minimum equity is calculated by $105,000 minus the maximum drawdown percentage. $105,000 – 5% = $99,750 is the lowest equity your account can reach before violating this rule.

If you violate this rule, the account will be closed.

Minimum Time – Hard Rule2022-04-20T02:41:51+00:00

The minimum to complete the Turtle Challenge is 10 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 be fully executed trades, they can not just be opened and closed. Pending orders do not count towards the total.

Maximum Time – Hard Rule2022-04-20T02:42:52+00:00

The maximum to complete the Turtle Challenge is 365 days.

If the profit target is not reached within this time the account will be closed as failed.

No Manipulation – Hard Rule2022-04-20T02:44:36+00:00

All challenge and funded accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account, which you are paid from.

To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.

Manipulation includes but not limited to:

  • Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
  • Arbitrage.
  • Hedging between accounts.
  • Delayed or frozen data feeds.
  • Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
  • Allowing others to trade your account.
  • Copying others trades.
  • Lot size manipulation – can not use one big trade to pass the profit target then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.
Stop-Loss Required (funded accounts only) – Soft Rule2022-04-20T02:45:50+00:00

For funded accounts only, a visible stop-loss is required with every trade.

If you enter a trade without a stop-loss then our software will automatically close out the trade at the current price. This will most likely result in a small loss, and you will receive an email from us notifying you of the fact the trade has been closed.

Not placing a stop loss is a soft rule and will not result in you losing the account.

Max Account Risk (funded accounts only) – Soft Rule2022-04-20T02:48:31+00:00

For funded accounts only, there is a maximum position size of 2%. If a position is opened that is greater than 2% risk per trade it will be automatically closed.

Maximum total open risk equal to the Max Drawdown. If the Max Drawdown on the account is 5%, the trader can not open more than 5% risk.

Example if there are 5 trades with 1% risk each, another trade can not be opened until one of the trades has been closed, or when the stop-loss is moved to breakeven on one of the other 5 trades.

In the event that you put on too many trades with risk, then our system will liquidate the latest trade placed.

Select Trading Capital

2 PHASE CHALLENGE

Phase 1

Phase 2

Funded

Target

10%

5%

NA

Max Daily Loss

5%

5%

5%

Max Loss

10%

10%

10%

Min Time Days

10

10

NA

Max Time Days

30

60

NA

Your Profit Share

NA

NA

80%

Account Leverage

1:30

1:30

1:30

Account Scaling

NA

NA

Yes

Participation Fee

$95

$0

Refund

100's more instruments to trade on MT5

2 PHASE CHALLENGE

Phase 1

Phase 2

Funded

Target

10%

5%

NA

Max Daily Loss

5%

5%

5%

Max Loss

10%

10%

10%

Min Time Days

10

10

NA

Max Time Days

30

60

NA

Your Profit Share

NA

NA

80%

Account Leverage

1:30

1:30

1:30

Account Scaling

NA

NA

Yes

Participation Fee

$180

$0

Refund

100's more instruments to trade on MT5

2 PHASE CHALLENGE

Phase 1

Phase 2

Funded

Target

10%

5%

NA

Max Daily Loss

5%

5%

5%

Max Loss

10%

10%

10%

Min Time Days

10

10

NA

Max Time Days

30

60

NA

Your Profit Share

NA

NA

80%

Account Leverage

1:30

1:30

1:30

Account Scaling

NA

NA

Yes

Participation Fee

$280

$0

Refund

100's more instruments to trade on MT5

2 PHASE CHALLENGE

Phase 1

Phase 2

Funded

Target

10%

5%

NA

Max Daily Loss

5%

5%

5%

Max Loss

10%

10%

10%

Min Time Days

10

10

NA

Max Time Days

30

60

NA

Your Profit Share

NA

NA

80%

Account Leverage

1:30

1:30

1:30

Account Scaling

NA

NA

Yes

Participation Fee

$390

$0

Refund

100's more instruments to trade on MT5

Hare Trading Rules

Profit Target2022-04-20T02:37:32+00:00

The profit target on the stage 1 account is reached when the account equity reaches 10% gain above the initial starting equity.

The profit target on the stage 2 account is reached when the account equity reaches 5% gain above the initial starting equity.

There is no profit target for stage 3 funded accounts.

Daily Drawdown – Hard Rule2022-04-20T02:39:21+00:00

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 5% on the Hare account then the lowest  your equity can reach is $106,000 – $5,300 = $100,700.

 

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. 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 (5% on a Hare 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. 

Maximum Drawdown – Hard Rule2022-04-20T02:40:50+00:00

The Maximum Drawdown is the maximum your account can drawdown from the highest balance.

For example, if you have a $100,000 account and make $5,000 in closed profits on your account.

Your High-Water Mark is now $105,000.

Your account’s minimum equity is calculated by $105,000 minus the maximum drawdown percentage.

$105,000 – 10% = $94,500 is the lowest equity your account can reach before violating this rule.

If you violate this rule, the account will be closed.

Minimum Time – Hard Rule2022-04-20T02:42:06+00:00

The minimum to complete each phase of the Hare Challenge is 10 trading days. There must have been at least one trade opened on 10 different days to successfully pass each phase of 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 be fully executed trades, they can not just be opened and closed.

Pending orders do not count towards the total.

Maximum Time – Hard Rule2022-04-20T02:43:07+00:00

The maximum to complete the Hare challenge is 30 days.

If the profit target is not reached within this time and the account is in drawdown it will be closed as failed.

If the profit target is not reached within this time and the account is in profit and no other violations have been incurred, then you will automatically be issued one free retry.

No Manipulation – Hard Rule2022-04-20T02:44:36+00:00

All challenge and funded accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account, which you are paid from.

To ensure trades can be copied effectively to the real account we can not tolerate any form of manipulation on any account.

Manipulation includes but not limited to:

  • Tick scalping – constantly opening and closing trades in less than 30 seconds. We realise sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
  • Arbitrage.
  • Hedging between accounts.
  • Delayed or frozen data feeds.
  • Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small amount of pips.
  • Allowing others to trade your account.
  • Copying others trades.
  • Lot size manipulation – can not use one big trade to pass the profit target then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.
Stop-Loss Required (funded accounts only) – Soft Rule2022-04-20T02:45:50+00:00

For funded accounts only, a visible stop-loss is required with every trade.

If you enter a trade without a stop-loss then our software will automatically close out the trade at the current price. This will most likely result in a small loss, and you will receive an email from us notifying you of the fact the trade has been closed.

Not placing a stop loss is a soft rule and will not result in you losing the account.

Flat For Weekend (funded Hare accounts only) – Soft Rule2022-06-10T06:57:14+00:00

For funded Hare accounts only, trades can be held overnight, but all trades must be closed before the weekend.

All open or pending trades will be closed automatically by our trading server at Friday at 5PM EST as a back stop if a trader has forgotten to close their trades.

This will be done at market price at the time and you will receive an email from us notifying you of the fact the trade has been closed.

Not closing trades for the weekend is a soft rule and will not result in you automatically losing the account, though we recommend you close the trade at a suitable time to optimize the potential of it.

Max Account Risk (funded accounts only) – Soft Rule2022-04-20T02:48:48+00:00

For funded accounts only, there is a maximum position size of 2%. If a position is opened that is greater than 2% risk per trade it will be automatically closed.

Maximum total open risk equal to the Max Drawdown. If the Max Drawdown on the account is 10%, the trader can not open more than 10% risk.

Example if there are 5 trades with 2% risk each, another trade can not be opened until one of the trades has been closed, or when the stop-loss is moved to breakeven on one of the other 5 trades.

In the event that you put on too many trades with risk, then our system will liquidate the latest trade placed.

WHAT OUR CLIENTS SAY

Some kind words from our respected clients

“they are one of the legit firms”

“I was one of the first people to join Traders With Edge. I was a little skeptical at the start and even a little scared when I signed up, but I had been monitoring the telegram group for a while and spoke to support a few times, which made me feel comfortable they are one of the legit firms out there.”

Tomas C

★★★★★

“stood out for me was their genuine interest in my success”

“I was already trading for 2 other prop firms before I started trading for traders with edge, what really stood out for me was their genuine interest in my success of becoming a long term trader for them. Their customer service is usually fast, they reply to my emails within hours (instead of days like some others) and the fact that I can login to the dash and track my stats is very helpful.”

Jamal G

★★★★★

“valid way of earning a fulltime income”

“To be honest at first, I was like “oh great, another get rich quick scheme”, but when I read through all the terms and conditions, plus did some other research online, it became clear to me that trading for a prop firm is a valid way of earning a fulltime income. So far I’ve found the support really helpful and the setup process straightforward.”

Abdul K

★★★★★

Choose Your Account Type

Select Trading Capital

100's more instruments to trade on MT5

100's more instruments to trade on MT5

100's more instruments to trade on MT5

100's more instruments to trade on MT5

100's more instruments to trade on MT5

100's more instruments to trade on MT5

Select Trading Capital

100's more instruments to trade on MT5

100's more instruments to trade on MT5

100's more instruments to trade on MT5

100's more instruments to trade on MT5

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