Traders With Edge

EnFoid Alternative & Comparison

EnFoid Alternative and Comparison. That’s what we’re going to be covering in this video. So stay tuned.

You’ll see up the top here, we’ve got the Prop Firm and the Challenge type. We’ve got Traders With Edge Turtle, Traders With Edge Hare versus the EnFoid Evaluation. Now at the time of recording this video, I’m not sure EnFoid is still actually even accepting applicants. So you may want to check that. You can see here that we’ve got a 100,000 dollars account across all of them. So we’re comparing apples with apples. Now the maximum account size after scaling is three million for both the Traders With Edge accounts, and it’s two point three million for EnFoid. So what does the account scaling mean? What it means is if you’re a profitable trader and you start with a 100,000 dollars challenge account. The prop firm will continually top up that account and add more funds to it over time until it reaches its maximum so that’s what the maximum is referring to.

Do they have rapid scaling? Traders With Edge has a rapid scaling plan, EnFoid doesn’t. If you’re on the website TradersWithEdge.com and then you go to Challenges, Scaling Plans, you’ll be brought to a page that looks like this. Up the top, you can see it explains what an Organic and what the Rapid Scaling Plans are. And then if you scroll down, you’ll see a video that explains it in detail. You’ll see some examples, some graphs showing just how much faster your rapid scaling account will grow. And thus how much faster your profit will grow with a rapid scaling account. And if we scroll down to the very bottom, you’ll see a video and a calculator on how to use calculator. That will show you exactly how much more you could make with a rapid scaling account versus a traditional scaling type account.

Back to our EnFoid Alternative and Comparison. You’ll see next, the number of phases, how many phases until you reach the funded account, there’s one phase on the Turtle. So you just have to pass the one phase and then you go straight onto a funded account. It is slightly more expensive than the Hare account because it is a one phase account and you can get to access capital faster. You’ll notice the Hare account is a two phase account, and so is the EnFoid Evaluation account. The price of the hare account is 590 and the evaluation account is a 1000 dollars. Is the fee refundable? Yes, it is refundable on both the traders with Edge Hare and the EnFoid Evaluation account. Typically, how that works is once you’ve passed the challenge. And then you are on a funded account, when you receive your first payout, you will receive a refund equal to the amount that you paid to do the challenge in the first place. The turtle account, because it is only a one phase challenge.

You don’t receive a refund with that type of account. The target for phase one is 10% for all accounts, which means you’ve got to reach 10% profit to pass the challenge. On phase two, well, there’s no phase two for the Turtle account, because you’re already on a funded account. So it’s not applicable. The Traders With Edge Hare and the EnFoid Evaluation both have a profit target of five percent. The maximum draw down on the Turtle account is five percent and the maximum draw down on the Traders With Edge Hare, and the EnFoid Evaluation is 10%. The daily draw down is 2.5 Percent on the Traders With Edge Turtle. And it’s five percent for both the Traders With Edge Hare and the EnFoid Evaluation. The profit share is 80% with both Traders With Edge accounts and just 50% with the EnFoid Evaluation. So to confirm, with Traders With Edge, you keep 80% of the profits, with EnFoid you keep 50% of the profits that you generate.

The minimum trading days on phase one is 10 for all. Minimum trading days for phase two is not applicable for Turtle. Once again, you’ll be on a funded account by this stage for both the Traders With Edge Hare and the EnFoid account. The minimum days is 10 for phase two. The trading period is 365 days. So you’ve got a full year to pass with the Turtle trading account. And it’s 30 days maximum for both Hare and the EnFoid account. Trading period for phase two, not applicable for Turtle. And it’s 60 days for the Enfoid and Hare. Hold over weekends, yes you can with the Turtle, you can’t with the Hare and you can with some conditions with EnFoid, can you use EA’s? Yes, you can. On all of them Traders With Edge, just ask for approval first. The reason we say ask for approval first at Traders With Edge is because every prop firm has a rule that says you can’t trade exactly the same strategy as someone else who’s already trading with the prop firm.

So what a lot of firms will do is they’ll say yes, they allow you to use EA’s and then you go on trade and you could lose your account because someone else is already using that EA with their prop firm. We don’t want that to be the case. So we say, ask for approval first, we’ll approve it. And then you’re guaranteed that you’re not going to lose your account because you’re using an EA, which is everyone else is using. There’s one distinction here that I want to make. You can use EA’s to place trades, modify trades and that sort of thing. So if you’re doing a manual entry into the market, and then you’re using an EA to manage your trades, that’s a 100 percent fine and you can do that without seeking approval. We actually recommend that. Do they allow signals? Yes. To all do they allow news trading Traders With Edge allows news trading, EnFoid does not.

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. With the Traders With Edge hare and the EnFoid account. You do get a free retry, and typically this is the case where you have run out of time, but your account is in profit and you haven’t made any violations on the account and then you’ll get a free retry. So that’s the case for both the Hare and the EnFoid account. Can you Trade FX? Yes you can. Can you trade digital currencies? You can on Trades With Edge, but you cannot with EnFoid. Can you trade commodities? Yes, you can. On all accounts, can you trade indices? Yes, you can. On all accounts, can you trade share and stock CFDs? You can with Traders With Edge, but you cannot with EnFoid.

Do they have trading competitions? Yes. Traders With Edge has trading competitions where you can sign up for free and you can trade against all your mates online. Whoever wins typically wins a challenge account. Well actually the first few winners win a challenge account. Do they have giveaways? Yes. Traders With Edge has giveaways. So an example of a giveaway that we ran recently, we ran a competition. You could just enter your name and email address and go in the drawer to win one of three $50,000 prop firm accounts. We may not have this offer running at the time that you see this video, but this is an example of one of the giveaways that we might run from time to time scrolling down. Do they have trader education? So yes, Traders With Edge has trader education, but EnFoid does not affiliate program Traders With Edge pays up to 20% for anyone that you refer to traders with edge, just sign up to our affiliate program.

You get a special tracking link. If you send that to someone, they click on the link, then they make a purchase. Well, we pay you up to 20% for the life of the client. So if they signed up today and then they purchased in a year’s time, you still get that referral commission. So it’s kind of like having a passive income stream at the time of making this video. Doesn’t look like EnFoid has an affiliate program. We can’t confirm that, so best to check with them. This concludes our alternative to EnFoid and the review. If you’ve got any questions, then please reach out to us on telegram. Leave a comment below on the video or talk to us on live chat on the website. Thanks for watching. Have a great day.

EnFoid is a prop firm that was incorporated in May of 2011 with offices based in the USA. They offer funded accounts to traders with various ways of achieving the accounts to trade live. They offer opportunities to talented traders through their funding program.

EnFoid is building the Gateways between IT Management & Financial Systems development. They provided a simple set of principles to ensure satisfaction for all involved parties including their clients. They mainly engage in Financial API services, Algorithmic development, and execution, Consulting on Industrial Performance & Damage Control, and Software & Hardware Development in both fields.

The company’s primary goal is to define, design, and execute their programs, with little to no risk to cost and time. They have the passion and desire to change the prop firm landscape by providing services that suit traders.

The company also believes in “paying it forward”. Multiple projects are provided on a non-profit basis. It leads to a wide range of people participating in sharing knowledge, recourses (financial and timely) for their clients.

Enfoid’s headquarter is located in Singapore

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00

  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Enfoid Evaluation

$ 100K
  • $2.3 Million
  • 2
  • $1000
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 50%
  • 10
  • 10
  • 30
  • 60
  • Yes (With Conditions)
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes

Choose your account type

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