Traders With Edge

Funding Made Simple Alternative & Comparison

Funding Made Simple, comparison and alternative, that’s what we are going to cover in this video,

Jumping straight into it, you’ll notice at the top, we’ve got prop firm and the challenge type. We’ve got the Traders with Edge Turtle, the Traders with Edge Hare, the Funding Made Simple challenge. You’ll notice we’re using a hundred thousand dollars count as comparison on all of them, the maximum account size after scaling. So the account scaling is given to traders typically by a prop firm when the trader is consistently profitable. The prop firm will continue to top up the trader’s account and increase the amount that they can trade on top of any gains that they’re making. The maximum account size after scaling is the maximum limit that they’ll fund you up to, so Traders with Edge will fund you up to $3 million if you’d purchase a 100K account, and Funding Made Simple will fund you up to 1 million.

Do they have a rapid scaling plan? Traders with Edge has a rapid scaling plan. Funding Made Simple does not. If you’re on the website traderswithedge.com, under challenges, you go to scaling plans, you’ll then open a window which looks like this. It gives a description of the organic versus the rapid scaling plans or the traditional versus the rapid scaling. If you scroll down, there’s a video that explains more in detail. It gives examples. You can see some charts there on how much faster the rapid scaling grows your account and your profits versus the organic, and if you continue scrolling down then we’ve put a calculator there where you can go in and put in the parameters yourself, and you’ll be able to see how much more profit you would make trading with a rapid scaling plan than with the traditional type scaling.

Back to our Funding Made Simple alternative, if we scroll down a little bit more, you’ll see the number of phases. So the turtle account is a one phase account. Traders with Edge Hare account and the Funding Made Simple challenge are both two phases. The price in U.S. dollars is $750 for the Traders with Edge Turtle. It’s $590 for the Traders with Edge Hare account, and it’s $659 for the Funding Made Simple. If we continue to scroll down, you’ll see, is the fee refundable? It’s not refundable for the turtle challenge because it is a one phase challenge. As soon as you pass that first challenge, you’ll be on a live funded account. Both the Traders with Edge Hare and the Funding Made Simple challenge do have a refund, so once you’ve passed both phases of the challenge, and you’re eligible for a payout, then you’ll receive your refund.

We scroll down a bit. Phase one. Target is 10% for all of them. Phase two target is not applicable for Traders with Edge because you’d already be on a funded account. The Traders with Edge Hare account and the Funding Made Simple account are both 5% target for phase two. The maximum drawdown for the turtle account is 5%, and the Traders with Edge Hare account is 10%, same with the Funding Made Simple. Daily drawdown’s 2.5% for Traders with Edge Turtle. And it’s 5% for both the Traders with Edge Hare and the Funding Made Simple.

The profit share is 80% across the board. Minimum trading days on phase one is 10 minimum trading days. It’s not applicable for the turtle on phase two. There is minimum 10 trading days on both Traders with Edge and on the Funding Made Simple. The trading period, you have a full 365 days, or one year, to pass with the turtle account, whereas the Traders with Edge Hare and the Funding Made Simple account, you have 30 days to pass a challenge. Phase two, again, not applicable for turtle, and you’ve got 60 days to pass on both the other two accounts.

Can you hold over weekends? Yes, you can hold over weekends on the turtle account. You can hold over the weekend on a Funding Made Simple account, but you can’t hold over the weekend on Traders with Edge. Can you use EA’s? You cannot use EA’s with Funding Made Simple. You can use EA’s with Traders with Edge, just make sure you ask for approval first. The reason is, is because pretty much every prop firm has this rule if they allow you to trade with EA’s, they will not allow you to trade exactly the same strategy as someone else. If you went and you purchased a challenge with another prop firm, you went through the process, you passed with the EA, what will happen is you’ll find that you’ll lose your account for violating the rule which says you cannot trade exactly the same strategy as someone else. That’s why with Traders with Edge, you always say, “Ask for approval first.”

Are you allowed to trade with signals? Yes. You are on Traders with Edge. No, you’re not with Funding Made Simple. Can you trade with news? Yes, you can on all accounts. Do you get a free retry? You do get a free retry on both the Hare account and the Funding Made Simple account. Once you’ve passed both phases of the challenge, and you’re ready for your first payout, then you’ll receive a refund. The turtle account, you don’t get a free retry because you’ve got a full year to pass the challenge, so it doesn’t make any sense that you get a free retry on that. Okay. Continuing on. Can you trade FX? Yes. You can trade forex on all. You can trade digital currencies on all. Commodities. Yes, on all. Trade indices on all, yes.

You cannot trade share or stock CFDs with Funding Made Simple, but you can trade them with Traders with Edge. Do they have trading competitions? So Traders with Edge has trading competitions. You can enter the competition, and you can trade. You can battle it out with other people online, and the top three winners for the period typically win a challenge account. Do they have giveaways? Traders with Edge, yes, they have giveaways. So here’s an example of a giveaway that we ran recently where you could win one of three $50,000 prop challenge accounts. All you had to do is enter your name and email address to be in the draw for the competition. This competition may or may not be still available when you watch this video, but it’s an example of one of the competitions, so I suggest you follow us on the telegram channel to keep up to date with any giveaways that are released.

Do they have trader education? Yes. Traders with Edge has education. Funding Made Simple does not. Do they have an affiliate program? Yes. Traders with Edge has an affiliate program that pays up to 20% for the lifetime of the customer, so if you refer another trader, and they purchase, we will pay you up to 20% based on the volume of the referrals for the lifetime. So if someone signs up today, and they purchase a challenge account, and then they purchase another one in 12 months time, well, you are still going to get paid a percentage on that sale in 12 months’ time. Funding Made Simple doesn’t have any clear details on their affiliate program on the website at the moment, but I believe they pay about 5%.

That concludes our Funding Made Simple, alternative and comparison video. If you’ve got any questions, please talk to us on live chat or leave your comment below and make sure that you subscribe to the telegram channel for more updates.

Funding Made Simple (FMS) is a new prop firm offering funded forex accounts to profitable traders. Although it is new to the industry, has become more known by the tail end of 2021. FMS has a very simple model and works exactly as most of the industry leading prop firms do.

Aside from their funding program, the company is also passionate about providing an educational platform for novice and semi experienced traders. Their mission is to help traders sharpen their trading psychology, trading skills and develop their strategies to achieve their trading goals. To improve trader’s skillset, a 2-stage evaluation process is provided where traders are given a demo account with virtual funds to trade a simulated market. The intent is to help anyone to become skilled in their craft.

The company is not a retail brokerage. It solely provides a hypothetical simulated market environment. One goal of FMS is to engage in live market trading, advising of financial investments or financial consulting in any aspect. The continuing desire to build up the company by developing their funding program creates the opportunity for traders to get a chance of getting funded and achieve their dream lifestyle.

Funding Made Simple is located in Florida, USD.

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

Funding Made Simple Challenge

$ 100K
  • $1 Million
  • 2
  • $659.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes

Choose your account type

feedback_mix.png

Feedback

We'd love to hear your feedback on how we can improve. Please let us know any issues with the website or suggestions on how we can make Traders With Edge #1.
If you want to leave your email so we can follow up, it's optional.
[gravityform id="17" title="false"]
[vgoAlias]
[vgoAlias]
[^;]
[^;]
[(d+)]
[(d+)]
[elem.name]
[elem.name]
[+_a-z0-9-'&=]
[+_a-z0-9-'&=]
[+_a-z0-9-']
[+_a-z0-9-']
[a-z0-9-]
[a-z0-9-]
[a-z]
[a-z]
[el.name]
[el.name]
[class^="wpforms-"]
[class^="wpforms-"]