FAQS

Frequently Asked Questions

Funding Process

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, 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.
After you have successfully passed the stage(s) of your challenge your account 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 one of three things will happen;The risk team may ask for more information about your trading if there is any grey area about your trading results.You will receive an email with your new login details for your demo account which is connected to live funds.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. The maximum time to complete the challenge is 30 days on Hare and 365 days on Turtle. There is also a 45 day inactivity condition. If you do not place a trade within 45 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 45 day inactivity condition. If you do not place a trade within 45 days your account will be deleted as we assume you have abandoned it.If you know in advance 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.
The minimum time to complete any phase in a 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.
The Hare Challengers have a maximum of 30 days to complete the challenge while Turtle Challengers have up to 365 days.
You can trade up to $3 Million US dollars using the one strategy. If you would like to trade more than this then you will need to have another unique strategy.
Yes we have two scaling plans that you can choose from when you pass your Challenge.The Organic Scaling PlanThis 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 PlanThis 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 a 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 scale see 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.
Yes. Traders With Edge wants you to be successful. We want to create an environment where talented traders can grow and improve their returns.We’re here to help you do just that, instead of penalizing you for the full fee amount.To that end, Traders With Edge offers a discount on every Traders With Edge Challenge after the first.
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 BreachDuring 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 BreachA soft breach occurs if, for example, a trader does not close positions by market close on Friday, or if they place a trade without a stop-loss. If a soft breach occurs, the trade is closed, and the trader can continue to trade.In either case, traders can always start again with another Challenge. A discount may be available for a repeat Challenge.
Traders With Edge will get you into a funded account within 24-48 hours after passing. After you’ve passed the Traders With Edge Challenge, you’ll receive an automatic email notification with your new, live, account credentials and a funded account ready to trade.
It depends which type of Challenge you choose and your trading style.If you have opted for a Turtle Challenge, then you could be funded within 2 weeks, or a Hare type Challenge then you could be funded in as little as 3 weeks.See the minimum trading time rule.
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.

Trading Rules

Accordion SamplYou may use a trade copier to copy trades between your own personal account or another prop firm and 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. If you have more than one challenge account at a time they must be traded with different trades.You may not use a trade copier to copy trades from another Traders With Edge trader, because we want a diverse range of traders.e Description
Accordion Sample On both Hare Phase 1 and Phase 2 accounts if the profit target is not reached within this time, the account is in profit and no other violations have been incurred, then you will automatically be issued one free retry. Phase 2 retry account is a Phase 1 account.Description
There is no consistency rule, however, please keep in mind that during challenges, lot size manipulation will not be tolerated. See the manipulation rule.
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 the login, contact support and we can change the password for you.
Traders can execute trades on a variety of CFD market instruments — including Forex, digital currencies, metals and energy, stock indices and 90 individual stocks. To see the full list of available products, click here.
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 the Trading Rules.
Yes you can hedge trades. Keep in mind this can add extra risk to your account and you are responsible for any violations that occur because of hedging.
There are two types of EA’s (Expert Advisors):1. An EA that is used for assisted manual trading. 2. An EA that is used for automated trading.EA’s that are used to assist manual trading (1) are EA’s that do not open trades but provide assistance in other ways, such as closing trades, moving TP/SL or calculating the position size of a trade. EA’s that are used for Automated trading (2) are EA’s that automatically open and manage trades without trader interference.Both types of EA’s may be used - However EA’s that are used for Automated trading (2) require approval from our risk management team prior to trading. If you wish to use an EA (2) please submit a summary of how the EA operates along with a minimum of three months trading history of the EA to support.For the EA history, we accept either one of the following:– MetaTrader Detailed Report. Please don’t confuse this with the standard MetaTrader report. You can find the correct report by opening your MetaTrader Platform (on desktop/PC only) then go to “Account History” then right-click and select “Save As Detailed Report”.– Myfxbook performance history, you can simply send us the myfxbook link.– FXBlue performance history, again you can simply send us the fxblue link.Please note if no trading history of the EA is provided your request may be ignored due to the large number of requests. You must have approval before trading with an EA (2) or you risk losing the account. Keep in mind, for both types of EAs, 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.
You can hold trades overnight.In a live trading Hare account with real funds, Traders With Edge requires that traders be flat over the weekend. In other words, all traders must close their positions before the markets close for the weekend. If you don’t close your positions, we will liquidate them for you before the close of the market.For Turtle accounts, you are able to keep trades open over the weekend for both challenge and funded accounts.
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 however not 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 the MAXIMUM lot size that can be placed for different account sizes. 
Account SizeTurtle (1:10)Hare (1:30)
$5,0000.471.42
$10,0000.952.84
$25,0002.377.11
$50,0004.7414.21
$100,0009.4828.43
$200,00018.9556.86
$500,00047.39N/A
$1,000,00094.78N/A
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.
Our Maximum Trailing Drawdown is the maximum your account can drawdown before violating the rule and having the account closed. The percentage is different on the Turtle and Hare Challenges, so review this before starting.Example 1: If you have a $100,000 Hare account (10% drawdown) and all of your trades are losing trades, you can go down to $90,000 before violating this rule and being disqualified from the challenge or funded account.Example 2 (funded account): If you have a $100,000 Hare account (10% drawdown) and you make $5,000 on day one. Your High-Water Mark is now $105,000 for the next day.At the start of each day the High-Water Mark is recorded based on the starting equity. The max drawdown % is of the equity so if you have profitable positions open overnight and they go against you it will count towards the Max Drawdown.Your new maximum drawdown is calculated as follows $105,000 – 10% = $94,500. If your equity goes below this amount it will be a violation.The rule is the same for challenge and funded accounts.
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.

Funding & Payouts

Accordion Sample DescriptionHare 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.
You are responsible for all applicable tax obligations in your country or region.
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; PayPal, Wise, BTC, USDT and Bank Transfer.After you have traded for 10 active trading days with a funded account you can request a withdrawal 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 posts 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 form first2. 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. Note this can take 1-2 business days.All withdrawals will be processed on Friday 12am EST, so ensure you submit your payout request before then or it may be another week until you receive your payout.
Turtle and Hare accounts keep 80% of the profit generated.
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.
After passing the phase 1 Hare challenge you will receive a congratulatory email from us for passing the 1st phase.Once you have received this email, head over to your trader dashboard and you will notice that your account status has changed from "In Progress" to "Passed"If the account status has changed, there will be an "Update" button on the top right corner of your dashboard.Clicking this button will upgrade you to your phase 2 challenge and a new email with your login details will be sent to your email. 

Platforms & Dashboards

Forex leverage for Turtle accounts is set to 1:10 and for Hare accounts it is set to 1:30. Many traders think because some prop firms offer 1:100+ it is better, when in reality you never use it unless you are gambling, because you will get stopped out too quickly. Think about why some other prop firms want you to have high leverage...For Turtle accounts leverage is as follows. Forex, Metals, Oils and Indices receive up to 1:10 leverage, Individual stocks receive 1:5 leverage,  Digital currencies receive 1:2 leverage.For Hare accounts leverage is as follows. Forex, Metals, Oils and Indices receive up to 1:30 leverage. Individual stocks receive 1:10 leverage. Digital currencies receive 1:2 leverage.For all other symbols please consult support.
At this time we do not offer swap free accounts.
Trading account dashboards include metrics on: daily loss limit, profit target, maximum loss limit, equity, balance, monthly return and projected annual return. In addition, you’ll have access to a comprehensive account history with all executed trades.
We don’t usually recommend it, though if you choose to you can.
We use GO Markets who are regulated by ASIC in Australia, so they are a reputable broker. They have good spreads, with commissions from $5 USD per round trip on FX.
MetaTrader4 (MT4), which is considered the universal platform in the over-the-counter trading industry.If you trade on MT5, Ninja Trader or another platform you may copy trades from the other platform to your Traders With Edge MT4 account.
Absolutely. As traders are trading using funds that are deposited by us, the brokers restrictions do not affect traders that trade through Traders With Edge.

Orders & Billing

For our full refund policy please refer to our Refund Policy page.
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 and 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.
Currently, we accept all major credit and debit cards, direct deposit and the following digital currencies- BTC, ETH, USDT and USDC.
Within minutes after purchasing an Challenge, your account credentials and the platform download link will be emailed to you automatically. If you don’t receive the email, please first check your spam folder and then contact us after 10 minutes.
Traders may have multiple funded accounts totalling up to $3 Million USD. You can and we recommend combining accounts, you only need to manage one account.
You may apply for the Traders With Edge Challenge by choosing your account size. 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.
No, there are no hidden fees. The fee for the Traders With Edge Challenge is the only investment you’ll ever make. There are no recurring monthly fees. No withdrawal fees.

Other

Traders With Edge is located in Sydney, Australia and Hong Kong. We can be contacted by support tickets and live chat which can be found on the contact page.
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.
Anyone age 18 and older can become a funded trader with Traders With Edge. If you can successfully pass the Traders With Edge Challenge — demonstrating profitability and responsible risk management — then you can be funded by Traders With Edge.
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 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, 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.
Yes you are considered an independent contractor.
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