Traders With Edge

Funded Academy Alternative & Comparison

The Funded Academy Alternative & Comparison, that’s what we’re going to cover in this video.

You’ll notice up the top, we’ve got the Prop Firm and the Challenge type, got Traders With Edge Turtle Account, Traders With Edge Hare Account, and the Funded Academy Challenge. The maximum account size after scaling, is the amount that the Prop Firm will fund you up to. So if you purchased a hundred thousand dollar account and you are a profitable trader consistently, most firms will add more funds to the account and grow it for you, so that you receive a bigger profit share. The maximum account size from Traders With Edge is $3 million. From Funded Academy, the maximum they will allow you to have, is up to $2 million. The other thing about Funded Academy is they don’t have any scaling at all. So, if you want more funds, up to the $2 million, you have to purchase more challenges. While they might be $725 for the first a $100K, you need to keep purchasing more challenges and passing them, until you get up to the $2 million mark. The Traders With Edge Turtle Account, on the other hand, does have a scaling plan. Once you purchase your first a $100K account, and you’ve traded that, if you’re consistently profitable, we’ll continue to top up your account and you don’t have to purchase any more challenges.

I’ll explain quickly what a rapid scaling plan is. If you’re on the website, Traders With Edge, you go to Challenges, Scaling Plans, you’ll see a page that looks something like this. Now up the top, we’ve got the differences between the Scaling Plans and how they work. If you scroll down, there’s a video that explains more in detail. It gives some examples, they’re written out. You can see with the charts, just how much faster a Rapid Scaling Plan grows than a Traditional or Organic Scaling Plan. If you continue to scroll down further, you’ll see a calculator that we’ve built for you, so that you can go and you can select whatever account size you might have, and you can play around with all the numbers to figure out how much more profit would you make if you had a Rapid Scaling Account than if you had a Traditional Prop Scaling one.

Back to our Funded Academy Alternative & Comparison. So, if we scroll down a little bit, you see the number of Phases. You’ll see both the Turtle and the Funded Academy Accounts are a one Phase account, which means you just pass one Phase and then you go straight onto a funded account. The trades with Edge Hare Account is a two Phase account. The price for the Turtle is $750. The Traders with Edge Hare Account is $590, and the Funded Academy Challenge is $725. The reason why both the Turtle and the Funded Academy Accounts are more expensive, is because they are a one Phase account, and so you go straight onto live funds after you pass. The fee on the Turtle Account and the Funded Academy Account is not refundable. However, it is refundable with the Traders With Edge Hare Account. Once you’ve passed both Phases of the challenge, and you’re eligible for your first payout, you will receive a refund with your first payout.

We continue down, you see Target for Phase 1 on all of them, is 10%. The target for Phase 2 is not applicable for the Turtle or the Funded Academy, because you’d already be on a live funded account by this stage. Traders With Edge Hare, Phase 2 Target is 5%. The maximum drawdown for both the Turtle and the Funded Academy is 5%, while the Maximum Drawdown is 10% for the Hare. Your Daily Drawdown Maximum is 2.5% for the Turtle, 5% for the Hare, and 4% for the Funded Academy. The Profit Share for Traders With Edge is 80%, from day one. The Funded Academy Maximum is 70%.

Minimum Trading Days on Phase 1 is 10 Trading Days for Traders With Edge and zero days for the Funded Academy. Minimum Trading Days for Phase 2 is not applicable for the Turtle or the Funded Academy, because there is no Phase 2. And the Minimum Trading Days for the Hare Account is minimum 10 days. The Trading Period for Phase 1 is 365 days for the Turtle. The Funded Academy says, “You’ve got forever to pass it.” Whether you believe that or not, if you can go back to them in 10 years time and say that you passed it, probably not. And you’ve got 30 days to pass on the Hare Account. Trading Period for Phase 2 is not applicable for both the Funded Academy and the Turtle Account. You’ve got 60 days to pass Phase 2 on the Hare Account.

Can you hold over weekends? You can hold over weekends on the Turtle Account, but you cannot hold over weekends on the Hare Account or the Funded Academy. Can you use EA’s? Yes, you can use EA’s on all of them, but seek approval Traders With Edge before you use the EA. What most platforms have in place, is you cannot use exactly the same strategy as someone else, or you will lose your account. So they say that you can use EA’s upfront, but then if you use an EA that’s exactly the same as someone else, you will lose your account, because they don’t want more than one person trading a strategy, at any given time.

Can you use Signals? Yes, you can. And you do News Trading? Yes, you can. Do you get a Free Retry? You get a Free Retry on the Traders With Edge Hare Account. How it works is, if the time has run out, you are in profit and you haven’t violated any rules, then you’ll get a free retry to do the challenge again. Again, it doesn’t make any sense to have a free retry on the Turtle Account or the Funded Academy, because you have so long to pass the challenge. Can you trade Forex? Yes, you can, on all of them. Can you trade Digital Currencies? Yes, to all. Commodities? Yes, to all. Indices? Yes, to all. Share and Stock CFDs? Yes, to all.

Do they have Trading Competitions? Traders With Edge has competitions. You can enter the competition. You can battle it out with your friends online. The top three people who win, typically get awarded a Challenge Account as a prize. Currently, it doesn’t seem like Funded Academy does run these types of competitions. Do they have Giveaways? Traders With Edge has giveaways, consistently. It seems like Funded Academy does not. Here’s an example of one of the giveaways that Traders With Edge ran. You could enter your name and email into the prize draw and be one of the winners who won a $50,000 Challenge Account. Do they have Trader Education? Traders With Edge has education, yes. Funded Academy, it seems like they don’t.

Do they have an Affiliate Program? Traders With Edge has an affiliate program. We pay up to 20% for the lifetime of the client. So if you referred a trader to us today, and they made a purchase, we’ll pay you a percentage of that sale. And then if they purchased again in six months time, we would also pay you a percentage, as well. So it’s kind of like having a passive income stream. At this point, it seems like Funded Academy doesn’t have an affiliate program.

So that concludes our Funded Academy Alternative & Comparison. If you’ve got any other questions, please chat to us on Live Chat. Leave a comment below the video and make sure you subscribe on our telegram channel for more updates.

Funded Academy is a proprietary firm incorporated on the 29th of July, 2021. It is registered under the Corporations Act 2001 and is taken to be registered in New South Wales. The company is limited by shares. They have offices located in New South Wales, Australia while offering traders capital with decent profit splits. They are partnered with TradersWay, FxChoice, and Tc Bridge as their brokers which traders can choose from for their challenge accounts. However, for extended accounts, traders must use EightCap.

Traders at Funded Academy are encouraged to become successful traders. Funded Academy look for traders who are disciplined individuals who are able to properly manage risk and focus on long-term consistency. Aside from these main qualities, the company also values traders that shows hardwork, humility and passion in their craft.

Funded Academy is dedicated to spreading the values of quality and limitless trading globally. They provide their clients with the widest opportunities available in financial markets.

Their headquarters are located in New South Wales, Australia.

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

Funded Academy Challenge

$ 100K
  • $2 Million
  • 1
  • $725.00
  • 10%
  • N/A
  • 5%
  • 4%
  • 70%
  •  
  • N/A
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • N/A

Choose your account type

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