Traders With Edge

Traders Central alternative & Comparison

Traders Central alternative and comparison. That’s what we’ll be going over in this video.

As you can see, we’re on the Traders With Edge website, which is an alternative to Traders Central. So let’s jump straight into it. Up here, you can see we’ve got the prop firm and the challenge type, the account size. First, we’ve got the Traders With Edge Turtle and the Traders With Edge Hare account versus the Traders Central OTF challenge.

So the maximum account size after scaling is $3 million for both the Traders With Edge Turtle and the Traders With Edge Hare. The Traders Central OTF challenge is just $2 million that it scales up to. They all have rapid scaling plans. This means they allow you to scale your capital much faster to get to your maximum account size, compared to more traditional firms that have just the standard type scaling that they’ll give you 25% increase after four months.

So on the website traderswithedge.com. If you go onto challenges, scaling plans, you’ll see different scaling plans that we have available there. You can scroll down, there’s a video about how they work and you can see the charts, examples of different case studies of what it would look like. So you can make decision about which scaling plan is better for you. But you can see here, the difference between the organic and the rapid scaling plan in terms of your account size, where it’s exponentially larger with the rapid scaling than the standard.

The other thing to keep in mind with the Traders With Edge scaling, plan that most other prop firms don’t have, while we will allow you to scale your account to $3 million, once you’ve traded with us for at least two years, then what happens is, we will take you to what we call phase five, which is the big league and we’ll introduce you to large institutions that will fund you with up to $30 million.

The Traders With Edge Turtle account is a one phase account. Traders With Edge Hare and the Traders Central OTF challenge are both two step. The price of the Turtle is the most expensive. But keep in mind, it’s only a one step challenge. The Traders Central is the cheapest, but remember your account size is severely limited compared to the other two challenge types. The Traders With Edge Turtle account doesn’t have a refundable fee. However, with the Traders With Edge Hare and the Traders Central OTF challenge, they both do have refundable fees. Once you pass the challenge and you are eligible for your first payout. The target for phase one, the Traders With Edge Turtle is 10%. The Traders With Edge Hare is 10%. The Traders Central OTF challenge is 8% target.

Phase two, there is no phase two for the Turtle. Now there’s no target because it is only a one phase account. Traders With Edge Hare account is 5% target for phase two and Traders Central is 4%. Maximum drawdown is 5% on the Turtle, 10% on the Hare and 10% on the Traders Central. The daily drawdown on the Turtle is 2.5% and it’s 5% on both the Traders With Edge Hare and the Trader Central OTF. The profit share on Traders With Edge ones are both 80% and it’s 85% with Traders Central.

Minimum trading days is 10 across the board for phase one. Minimum trading days for phase two is not applicable to the Turtle, obviously because it’s a one phase challenge but 10 days minimum for both the other two. Maximum trading days for phase one, you’ve got 365 days or one year to complete the Turtle challenge in and you’ve got 30 days for both of the other challenges. Maximum days for phase two, not applicable for the Turtle and 60 days for both the Traders With Edge and the Traders Central.

Holding over the weekends, you can on the Turtle and the Trader Central, but you cannot with the Traders With Edge Hare account. You can use EAs on all of them. You’ve just got to get approval with Traders With Edge. Traders Central won’t tell you this, but you can’t use the same strategy as everyone else is using. And so you could use an EA, but then it’s likely that you would lose your account if you’re using the same EA as someone else. However, if you contact Traders With Edge first and you’re approved, then you are using the EA that no one else is using, well, you’re not going to lose your account or violating the rule that someone else is using the same strategy. Whereas Traders Central will tell you that after the fact, after you lose the account.

All allow trading signals. All allow news trading. You don’t get a free retry on the Turtle account with Traders With Edge because you’ve got one year to pass it. So there’s no point having a free retry, because if you can’t pass it within one year, then you probably shouldn’t be trading a challenge account anyway. And both of the others, when you pass and you receive your first payout, then you receive your refund.

It’s also worth noting at this point with these types of rules, that there is no Martingale Rule with Traders With Edge. You can use Martingale, though we don’t recommend it. Traders central expressly prohibits Martingale, even if you base a one lot trade. And then you place another trade that’s 1.01 lots. They will fail you for using Martingale, even though it’s not really Martingale.

So keep in mind the hidden rules with Traders Central. You can trade FX on all. You can trade digital currencies on all. You can trade commodities on all. You can trade indices on all and you can trade shares on all.

Traders With Edge has trading competitions that you can enter. You can enter to trade against other people online and typically the challenges last 30 days. The top winners win various challenge accounts, but Traders Central doesn’t have any competition like this currently at the time of recording this video. Giveaways. Traders With Edge currently has a giveaway where they’re giving away three $50,000 prop challenge accounts. All you need to do is enter your name and email address to be in the running to do that. We consistently have different prize draws like this, where you don’t have to have any trading ability. You don’t have to trade if you don’t want to go in the draw to win. You can simply just enter with your name and email address. So we do have those competitions. Traders Central, on the other hand, doesn’t have those competitions.

Trade education from both companies, yes. Affiliate program for Traders With Edge, we pay up to 20% for the lifetime of the client. That means if you refer someone today and they purchase something and then two months from now, they purchase something else, you still get paid commission on that sale after two months and ongoing for the life of the client. Traders Central, they don’t really give any information on how much they pay or when they pay or what they pay. So it’s kind of a hidden thing as an affiliate. You don’t really know what you’re getting.

This concludes our Traders Central alternative and comparison. If you’ve got any questions then put it in the comments below, or contact us through the website at traderswithedge.com.

Traders Central is a privately held fintech company that offers services related to virtual currency, cryptocurrency, funding, and liquidity services. The company was founded founded in 2020 with a mission to serve traders and decentralised finance all across the globe with their skill set and experience in the field. The company has between 11 – 50 employees working to provide support and assistance to clients.

Traders Central’s ecosystem was designed to thrive in the long run. The company believes that everyone should have access to the tools and support needed to pursue and achieve their trading goals, regardless of status or knowledge. They want to be there for their clients – every step of the way – and they’ve built their suite of financial tools to sustain their goal. The company believes in equity over equality which is designed for everyone and so, they exist to make systems better.

Currently, there are a few social features in their portal, but none allow communication with strangers, so it just made sense for them to build a niche feed and group chat feature.

The company’s desire to have an internal currency to allow value to move frictionlessly across the ecosystem led to the creation of TCT’s, which confer no voting rights, intellectual property ownership, control of company assets, and a cool, fun discount token that will eventually evolve into the rails of the ecosystem.

Traders Central is located in Vancouver, Canada.

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

Traders Central OTF Challenge

$ 100K
  • $2 Million
  • Yes
  • 2
  • $429.00
  • Yes
  • 8%
  • 4%
  • 10%
  • 5%
  • 85%
  • 10
  • 10
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 10%

Choose your account type

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