Frequently Asked Questions
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;
- 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 60 days on Hare and 365 days on Turtle.
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.
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.
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.
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.
The Hare challengers have a maximum of 60 days to complete the challenge while Turtle challengers have up to 365 days.
You are able to purchase customizations for the Hare challenge allowing your to increase your maximum days to 120 days on the 1st phase of the Hare challenge.
You can trade up to $3 Million US dollars using one strategy. If you would like to trade more than this then you will need to have another unique strategy. For more information, you can check our Scaling Plan below.
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 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.
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.
A 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 (during the weekday) after passing. After you’ve passed the Traders With Edge Challenge, you’ll receive an 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 or Hare Challenge, then you could be funded within 2 weeks. See the minimum trading time rule. Or if you have opted for an Instant account then you share in profits from day 1.
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.
Static Max Drawdown
A static max drawdown is simple as it always stays at the X% of the initial account balance.
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.
Trailing Max Drawdown
A trailing max drawdown is X% of your balance high water mark.
If you have a 100K Hare account and your highest recorded balance is 110K, your max drawdown level would be 110K – (110K x 10%) = 99K
If you are then at a 2K loss, and your balance is 108K, your max drawdown level would still be at 99K as your highest recorded balance is still $110K
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.
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, your High-Water Mark is now $105,000.
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.
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.
On both Hare Phase 1 and Phase 2 accounts 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 a free retry.
The number of retries is infinite as long as no violations have been incurred.
All retry accounts are Phase 1 accounts.
There is no consistency rule, however, please keep in mind that lot size manipulation will not be tolerated on both the challenge and funded accounts. See the manipulation rule.
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 the Trading 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.
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.
Yes you can and we actually recommend it.
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.
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.
Yes you can.
Yes you can.
Yes you can.
Not at the moment.
Yes you can.
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 the MAXIMUM lot size that can be placed for different account sizes.
|Account Size||Turtle (1:20)|
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.
Funding & Payouts
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.
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; 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.
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 form first
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 $50 for payouts through Fasapay, Payeer, Payoneer, Perfect Money, Wise or Bank Transfer.
The minimum payout is $100 for traders who wish for their payout through BTC, USDT or Paypal
On a Turtle Account with a 80% profit split, to request a payout using Bank Transfer, the trader must have made a profit of atleast $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 atleast $200 ($200 x 50% = $100) to request a 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.