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 this 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 $10,000 profit and you close the trade before the end of the day. At the end of this day your account equity is $110,000 which is carried over to the second day.
The second day your daily drawdown limit is reset with the new High-Water Mark being $110,000. If your daily drawdown limit is 3% on the Turtle account then the lowest your equity can reach is $110,000 – $3,300 = $106,700.
Example 2 (Violation): The day’s starting balance was $100,000. You open a position and it goes into $10,000 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 $110,000 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 (3% on a Turtle account) on a single day and this will be a hard violation and the account will be closed.
The Maximum Drawdown is static, which means it is calculated based on the initial balance and not the equity.
For example:
The Maximum drawdown of a 100K Turtle account is 6% of the initial balance. This means that the Maximum drawdown level is always 100K minus (100K x 6%) = 94K.
If you violate this rule, the account will be closed.
The minimum time 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.
You can take as much time as you need to complete the Turtle Challenge, as there is no maximum time limit. You are free to trade at your own pace as long as you do not breach the inactivity period.
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 – Traders cannot use a much smaller trade to pass the minimum days after hitting the profit target or to fill the minimum trading days. As a guide, the deviation can not be greater than a factor of 5. – Example 1: If your smallest lot size is 1 and your largest is 5 on similar assets, this is okay. – Example 2: If your smallest lot size is 0.1 and your largest is 5 on similar assets, this is not okay. – Example 3: If your trade 1 lot on EURUSD and hit your profit target and then trade 1 lot on LTCUSD to pass minimum days, this is not okay as LTC has a contract size of 1 while EURUSD has a contract size of 100,000. In this example, a 100 pip increase in LTCUSD would be equivalent to $10 but a 100 pip increase in EURUSD would be equivalent to $1,000. – Example 4: If you have 5 trades of EURUSD opened at the same time, each with a lot size of 1, your net position size is 5 Lots. Thus, if your smallest lot size is 0.5 lots, this is not okay.
Taking advantage of the demo environment is also not permitted.
Traders cannot trade digital currencies over the weekend to pass the minimum days.
You can add a customization to increase your daily drawdown to 6% and maximum drawdown to 12%.
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 this 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.
You can add a customization to increase your maximum drawdown to 12% and daily drawdown to 6%.
The Maximum Drawdown is static, which means it is calculated based on the initial balance and not the equity.
For example:
The Maximum drawdown of a 100K Hare account is 10% of the initial balance. This means that the Maximum drawdown level is always 100K minus (100K x 10%) = 90K.
The minimum to complete each phase of the Hare Challenge is 5 trading days. There must have been at least one trade opened on 5 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.
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 – Traders cannot use a much smaller trade to pass the minimum days after hitting the profit target or to fill the minimum trading days. As a guide, the deviation can not be greater than a factor of 5. – Example 1: If your smallest lot size is 1 and your largest is 5 on similar assets, this is okay. -Example 2: If your smallest lot size is 0.1 and your largest is 5 on similar assets, this is not okay. -Example 3: If your trade 1 lot on EURUSD and hit your profit target and then trade 1 lot on LTCUSD to pass minimum days, this is not okay as LTC has a contract size of 1 while EURUSD has a contract size of 100,000. In this example, a 100 pip increase in LTCUSD would be equivalent to $10 but a 100 pip increase in EURUSD would be equivalent to $1,000. – Example 4: If you have 5 trades of EURUSD opened at the same time, each with a lot size of 1, your net position size is 5 Lots. Thus, if your smallest lot size is 0.5 lots, this is not okay.
Taking advantage of the demo environment is also not permitted.
Traders cannot trade digital currencies over the weekend to pass the minimum days.
The profit target to reach the next stage of the Instant Standard Account is 10%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 6%, make a 6% withdrawal from your account and then make another 4% profit, you are still eligible to scale to the next level.
Aggressive Account
The profit target to reach the next level of the Instant Aggressive Account is 20%. Traders are free to make withdrawals from their account which will not affect their profit target to scale.
For example, if you make 12%, make a 12% withdrawal from your account and then make another 8% profit, you are still eligible to scale to the next level.
The Maximum Drawdown for the Instant accounts are static. This means that no matter the profit you are in, your Maximum Drawdown limit is always calculated from the initial account balance after scaling.
For example, if you have a $80,000 account.
For the Instant Standard Account:
$80,000 – 5% = $76,000 is the lowest equity your account can reach before violating this rule.
For the Instant Aggressive Account:
$80,000 – 10% = $72,000 is the lowest equity your account can reach before violating this rule.
If you violate this rule, the account will be closed.
The minimum time to scale to the next level of both the Instant Funding Accounts is 5 trading days. There must have been at least one trade opened on 5 different days to qualify to scale your account.
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.
All accounts are traded on a demo account so we can manage our risk. Your funded account is connected to a real funded account from which you are paid.
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 – Traders cannot use a much smaller trade to pass the minimum days after hitting the profit target or to fill the minimum trading days. As a guide, the deviation can not be greater than a factor of 5. – Example 1: If your smallest lot size is 1 and your largest is 5 on similar assets, this is okay. – Example 2: If your smallest lot size is 0.1 and your largest is 5 on similar assets, this is not okay. – Example 3: If your trade 1 lot on EURUSD and hit your profit target and then trade 1 lot on LTCUSD to pass minimum days, this is not okay as LTC has a contract size of 1 while EURUSD has a contract size of 100,000. In this example, a 100 pip increase in LTCUSD would be equivalent to $10 but a 100 pip increase in EURUSD would be equivalent to $1,000. – Example 4: If you have 5 trades of EURUSD opened at the same time, each with a lot size of 1, your net position size is 5 Lots. Thus, if your smallest lot size is 0.5 lots, this is not okay.
Taking advantage of the Demo environment.
Traders cannot trade digital currencies over the weekend to pass the minimum days.
Traders may place an average of up to 10 trades per day.
A Trading day starts from 00:00 GMT +2 (+3 depending on daylight savings) and ends at 23:59 GMT +2 (+3). This is the time that is displayed in your Platform 4 / Platform 5.
The stop loss needs to be placed before the order is placed, whether that is a market or limit order, or else the system will close the order automatically.
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 having a stop loss is a soft rule and will not result in you automatically losing the account.
Corporate Equity Capital Alternative and Comparison. That’s what we’re going to be covering in this video.
Up the top, you’ll see the prop firm and the challenge type. We’ve got Traders With Edge Turtle, Traders With Edge Hare, Corporate Equity Capital One Step, Corporate Equity Capital Two Step.
The size of the account is a 100K account for all of them. The maximum account size after scaling is the amount of capital that the prop firm will fund you up to. So if you’re a profitable trader and you’re trading with a hundred thousand dollar account for the prop firm, the prop firm will typically top up the account and add more capital to your account until you reach this maximum. Traders With Edge, it’s 3 million and Corporate Equity Capital is 2.5 million is the maximum.
Do they have rapid scaling available? Yes, both companies have rapid scaling available. If you’re on traderswithedge.com, go under Challenges, Scaling Plans, and you’ll be led to another page that looks like this. It explains at the top what’s an organic or a traditional-type scaling plan versus the rapid plan.
Then if you scroll down, we’ve got a video that explains it, some examples that show just how much faster your capital will grow with a rapid scaling plan than a traditional-type one. Then down the bottom, we’ve built a calculator for you so that you can go and change the inputs to what you think is reasonable, and it will tell you just how much more you would make with a rapid scaling account than a traditional-type scaling.
It’s worth noting at this point in time, we don’t know if Corporate Equity Capital is a scam or not. We’re certainly not saying that it is, but based on a lot of reviews and what people are saying online, it seems like either the company may not be run that well or there could be something going on there. So definitely dive in and do your own research on this.
Back to our Corporate Equity Capital Alternative and Comparison.
The number of phases. The number of phases for the Turtle account, it’s a one phase, same with the Corporate Equity Capital One Step. The number of phases for Traders With Edge Hare is two, same with the Corporate Equity Capital Two Step.
The price of the Turtle account is $750, the Hare is 590. Corporate Equity Capital is 449 for the One Step and 479 for the Two Step.
Is the fee refundable? It’s not refundable with the Turtle account because it is a one-step challenge, and it’s a different financial model.
With the Traders With Edge Hare account, it is refundable. Same with the Corporate Equity Accounts. Typically, how this works is when a trader has gone through, they’ve passed the challenge and they receive their first payout. When they receive their first payout, they’ll also get a refund with the payout.
The target for phase one is 10% with both Traders With Edge accounts and it’s 7% with the Corporate Equity Capital. Target for phase two is not applicable for both the Traders With Edge Turtle and the Corporate Equity Capital One Step. You’d already be on a funded account by this stage. The Traders With Edge Hare and the Corporate Equity Capital Two Step is 5% target for phase two.
The maximum drawdown is 5% for the Turtle, 10% for the Hare and 12% for the Corporate Equity Capital accounts.
The daily drawdown is 2.5% with Traders With Edge Turtle, 5% Hare, 3% Corporate Equity Capital One Step and 5% with the Corporate Equity Capital Two Step.
The profit share is 80% at Traders With Edge and it’s 90% with Corporate Equity Capital.
Minimum trading days for phase one is 10 minimum trading days with Traders With Edge. Corporate Equity Capital minimum trading days is zero.
Minimum trading days on phase two, it’s not applicable for both the Turtle or the One Step on Corporate Equity Capital. It’s 10 days with Traders With Edge Hare, zero days with Corporate Equity Capital Two Step.
The trading period, so this is how long have you got to pass the challenge. You’ve got 365 days, a full year to pass the Turtle account. So while it is more expensive, you do have a lot longer to be able to pass. Traders With Edge Turtle, you’ve got 30 days to pass, and the Corporate Equity Capital One Step you’ve got 90 days, and you’ve got 60 days on the Two Step.
Trading period for phase two is 60 days for both the Traders With Edge Hare and the Corporate Equity Capital Two Step, but it’s not applicable for both the one step accounts.
Can you hold over weekends? You can hold over weekends on all accounts, except the Hare account.
Can you use EAs? Yes, you can use EAs on both firms. Traders With Edge, you just need to seek approval first. The reason for this is, is because pretty much every prop firm has a rule that you cannot trade exactly the same strategy as someone else who’s with that firm. They won’t tell you this upfront necessarily, but they’ll say you can use EAs. Then you go and trade the EA on their prop firm, they find out that you are trading exactly the same strategy as someone else, and then you lose your account.
We would prefer that you come to us and you ask for approval first. Then once approved, you can go ahead trading with the EA, knowing that you’re not going to get suspended for trading with the same strategy as someone else.
What I will point out, though, is that you can trade with an EA if you’re doing manual entries and you’re using an EA to manage your trades, calculate your position size, that sort of stuff. We absolutely allow that, and we do recommend that you do that because we realize that people can’t be watching the markets 24/7.
If we continue down, do they allow signals? Yes, to all.
Allow news trading? Yes to all.
Do you get a free retry? You don’t get a free retry on the Turtle account because you’ve got one year to pass so it doesn’t make sense that you get a free retry.
With the other accounts, how the free retry works is if the time runs out, you’re in profit and you haven’t violated any rules, then typically you’ll be issued another free retry.
Can you trade Forex? Yes, you can.
Digital currencies? Yes, you can to all.
Can you trade commodities? Yes to all.
Indices? Yes to all.
Trade share and stock CFDs? Yes to all.
Do they have trading competitions? Traders With Edge does have trading competitions. It seems that Corporate Equity Capital does not.
You can enter a competition for free and you can trade against your friends and other people online. Typically, the people who come in first to third position, they will win a challenge account that they can then trade at the prop firm.
If we scroll down a bit more, we’ve got giveaways. Does the company have giveaways? Traders With Edge does have giveaways. It seems like Corporate Equity Capital does not have giveaways at the moment.
Here’s an example of a giveaway that we had recently where you could enter your name and email address, go in the draw to win one of three $50,000 prop firm accounts, plus some other prizes. We may or may not be running this type of competition at the time you see this video, but this is an example of some giveaways that we have from time to time.
Do they have trader education? Yes, both firms have trader education.
Do they have affiliate programs? Traders With Edge has an affiliate program. We pay up to 20% for the lifetime of the client for anyone that you refer. You can sign up to our affiliate program, you get your affiliate link. Then if you send that link to anyone and you refer them to us, we will pay you 20% of anything that they spend with us.
It is for the lifetime of the client. What that means is if they purchase again in one year or two years, well, you still get commission from that so it’s kind of like having a passive income stream as well.
That concludes our Alternative and Comparison to Corporate Equity Capital. If you’ve got any questions, please go to the website and talk to us on live chat, join the Telegram group, or post a comment below the video. Cheers.
Corporate Equity Capital is a new prop firm, launched in July 2021 that offers forex accounts to profitable traders.The company was founded by Mozzo.They offer a good percentage of profit splits and allow any trading style and preference by traders. The company also provides amazing trading conditions and offers bitcoin as a payment method. Having a strong desire to provide quality service to traders, they work hard to improve their services and give traders the best experience.
The company believes in keeping the traders first and always being by their side as the company wouldn’t exist without them. They are involved in assisting traders, aiming to help them grow so that they can also grow with them. The company strives to provide programs, services and information that assists people interested in the FOREX, CFD’s or commodities markets to become more profitable, self-sustainable and efficient when trading.
The company values learning, working hard and proper discipline not only in trading but also in life.
Their main office is located in London, United Kingdom
