Traders With Edge

NP Financials Alternative & Comparison

NP Financials Trader Funding Alternative and Comparison. That’s what we’re going to cover in this video. So let’s get straight into it.

You’ll see at the top, we’ve got the Prop Firm and the Challenge type. We’ve got Traders with Edge Turtle, Traders with Edge Hare, and the NP Financials Audition. The size is 100K Challenge account for all of them. The maximum account size after scaling, what that means is most good Prop Firms, if you’re a profitable trader consistently, the Prop Firm will continually top up your account to increase the size of it. The max account size after scaling is $3 million on the Traders with Edge accounts and it’s $2 million with NP Financials Audition.

Do you have rapid scaling on the account available on the Traders with Edge? Yes, you do. If you’re on the website and you go to Challenges, scaling plans, you’ll see a page that looks like this. It’s got both the organic or the traditional type scaling plan and the rapid scaling plan.

You’ll see a video that explains the differences, and some examples. It’ll show you how much faster a rapid scaling plan will grow than a traditional type scaling plan. You’ll also see a calculator down here with a video on how to use it. You can select your account size and it’ll tell you how much more you could make with a rapid scaling plan, making exactly the same trades as what you would on a traditional type scaling plan.

So NP Financials doesn’t have a rapid scaling plan available. Time of recording is video, and they only scale you up to $2 million. The number of phases, it’s a one phase for the Traders with Edge Turtle and the NP Financials Audition. And it’s a two phase for the Traders with Edge Hare account. The price in US dollars is 750 for the Traders with Edge Turtle, 590 for the hare, and 670 for the NP Financials Audition.

Is the fee refundable? It’s not refundable on the Traders with Edge Turtle or the NP Financials Audition because they are one phase accounts. It is refundable on the Traders with Edge Hare. How it works is once you’ve passed the Challenge and you’ve been on a live trading account and you’re eligible for your first payout, then you’ll receive a full refund of $590 with your first payout. The target for phase one is 10% on all accounts. The target for phase two is only applicable on the Traders with Edge Hare account and it’s 5% target that you need to hit. The maximum draw down on the accounts is 5% for both the Turtle and the NP Financial accounts. And it’s 10% maximum draw down for the Traders with Edge Hare account. The daily draw down is 2.5% for the Turtle 5% for the Hare, and 4% for the NP Financials Audition.

The profit share is 80% for both the Traders with Edge accounts and 70% for the NP financials. So what that means is at Traders with Edge, if you make $10,000 profit on the account, you get to keep $8,000, whereas on NP Financials, you would keep 7,000. The minimum trading days on phase one is 10 minimum trading days on both the Turtle and the Hare and zero minimum trading days on the NP Financials. The minimum trading days for phase two is only applicable for the Hare account, and it’s 10 trading days. The trading period for phase one is 365 days on the Turtle. So you’ve got a full year to pass the Turtle Challenge, 30 days on the Hare, and NP Financials says they give you unlimited time. I’m pretty sure you’re not going to be still trying to pass the Challenge in 10 years, time from now trading period for phase two is only applicable to the Traders with Edge Hare account and you’ve got 60 days to pass.

Can you hold trades over weekend? Yes you can with the Traders with Edge Turtle account. You cannot with both of the other accounts.

Can you use EAs? You can use EAs with all of them. However, if you’re using automated trading robots, Traders with Edge would say seek approval first, the reason being is because every Prop Firm has this rule that says you cannot trade exactly the same strategy as someone else or you’ll lose your account. Most Prop Firms will allow you to sign up to the Challenge. You can do the Challenge and if you pass, then they find out that you’re using the same strategy as someone else, then you’ll lose your account. That’s why we say seek approval first. This is just for automated trading bots.

If you’re using an EA as a trade manager to calculate your position size, to set your take profit and your stop loss to enter the trade manually to manage the trade, that’s absolutely fine. You don’t need to seek approval. And we actually recommend that you use an automated trade manager like that.

Are you allowed to use signals? Yes you can on all accounts.

Can you trade news? You can on all accounts.

Do you get a free retry? You do get a free retry on the Hare account. You don’t get a free retry on both the Turtle or the NP Financials accounts because it doesn’t make sense. How the free retry works is when the trading period finishes, so on the Hare account for example, if 30 days is finished and you haven’t reached the profit target, but you’re in profit and you haven’t violated any rules, then we’ll give you a free retry. Why I say it doesn’t make sense on the Turtle and the NP Financials is because if you’ve got such a long period time to pass being a year or more, then it doesn’t make sense that you’d have a free retry.

Can you trade Forex? Yes you can on all accounts.

Can you trade digital currencies? You can on all accounts.

Can you trade commodities? Yes, you can on all.

Can you trade indices? You can on all.

Can you trade share and stock CFDs? Yes you can on all.

Do they have trading competitions? Traders with Edge will have trading competitions. You can go to the website, you can enter your name and email and you can trade for a period of time. Once the time is up, the winners will receive a free Challenge account that they can use to get funded with. At this time, NP Financials doesn’t have trading competitions.

Do they have giveaways? Traders with Edge has giveaways. It seems like at this stage, NP Financials doesn’t.

Here’s an example of giveaway that we ran recently. You could enter your name and email address to win one of three $50,000 Prop Challenge accounts. Now, this offer may not be available by the time you watch this video, but it’s an example of a giveaway that we run from time to time.

Do they have trader education? Yes, both companies have trader education.

Do they have an affiliate program? Yes. Traders with Edge has an affiliate program that pays 20% for the lifetime of the client. So what that means is if you refer someone to Traders with Edge today and they purchase a Challenge, we’ll pay you a percentage of that. If that same person purchases again in three months, six months, three years time, we’ll still pay you a percentage of that sale, so it’s kind of like having a recurring income stream. NP Financials has an affiliate program and they pay up to 30%.

So that concludes our NP Financials, Alternative and Comparison. If you’ve got any questions, go to the website TraderswithEdge.com. Talk to us on live chat, join the telegram group or post a comment below the video.

Founded in 2016, NP Financials are funding good traders with their capital- helping them to earn income.

Partha, the founder and head trader of NP Financials believes that with a simple and straightforward assessment to get a real funded forex account, traders will be motivated to do their best in getting the opportunity to be a funded trader.

With a vision “We Win when You Win” this drives NP Financials to focused on developing a program that will embody this vision to provide quality trading programs and funding to traders.

They have built their business to find, train & fund traders with skin in the game to accelerate & increase earning capacity. Traders keep 70% of the profits following a simple forex funding model.

They provide clients to capitalize on their trading skills and amplify returns with their funded trader account.

They are headquartered in Level 3/2 Brandon Park Dr, Wheelers Hill VIC 3150, 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

NP Financials Audition

$ 100K
  • $2 Million
  • 1
  • $670.00
  • 10%
  • N/A
  • 5%
  • 4%
  • 70%
  •  
  • N/A
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up to 30%

Choose your account type

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