NEW Traders With Edge

TradersWithEdge said:
Traders With Edge is actively looking for good traders to fund. Unlike many other prop firms we are actually looking for profitable traders, not looking for gamblers who will fail challenges.
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So why do you need to collect tuition fee (or demo fee) like other bucket shops? Why not just teach traders in-house according to your own trading methods (provided you have one) and go from there?

Personally, I can't understand why all these bucket shops want you to pay them to essentially trade a demo account. They know that more than 95%, if not more, will not pass their threshold.

While we're on the topic, has there been anyone since the inception of ET who has actually been funded and made a ton of money with these bucket shops?
 
schizo said:
So why do you need to collect tuition fee (or demo fee) like other bucket shops? Why not just teach traders in-house according to your own trading methods (provided you have one) and go from there?

Personally, I can't understand why all these bucket shops want you to pay them to essentially trade a demo account. They know that more than 95%, if not more, will not pass their threshold.

While we're on the topic, has there been anyone since the inception of ET who has actually been funded and made a ton of money with these bucket shops?
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To setup and a proper operation costs a significant amount of money even an online version. This is why all prop firms either have very strict rules to be able to enter without paying an assessment fee (and you still have to stump up your capital for risk) or you pay a fee for assessment that helps cover some of the costs of running all the assessments.
 
Laissez Faire said:
No futures?

I was intrigued when I first started reading, but at a glance it doesn't seem that different from the rest of the shops in the same genre.

One thing I know for a fact about these pay-to-trade-in-demo firms is that the only funding you'll ever receive is the initial $5K margin. Even if you made $100K of profits - they won't stake you. If you withdraw those $100K - your account is effectively gone.

Is it different with your firm?
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No Futures. Stocks, commodities, Fx, metals and crypto coming soon.
 
Overnight said:
"...Example 2 (Violation): The day’s starting balance was $100,000. You open a position and it goes into $6,000 profit but you did NOT close the trade before the end of the day. Instead you moved your stop-loss to breakeven. At the end of this day your account equity is $106,000 which is carried over to the second day.



On the second day the trade goes back to breakeven and is closed by your stop-loss. Even though the individual trade did not lose from the balance, you have lost more than the allowable amount (2.5% on a Turtle account) on a single day and this will be a hard violation and the account will be closed."

This is pure deceptive fiduciary duty. No thanks! Next!
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Yes really deceptive.. That's why we have it front and centre on the website, so no one can see it. We don't want people holding trades overnight for risk. Clearly we must be scamming people by putting risk management rules in place.
 
TradersWithEdge said:
Hi Everyone,



We just joined as a new sponsor of the forum.



Traders With Edge is actively looking for good traders to fund. Unlike many other prop firms we are actually looking for profitable traders, not looking for gamblers who will fail challenges.



Yes the challenge model is part of what we do to filter out the people who want to flip a coin and get rich quick.



The whole reason I started the firm was to build a strong portfolio of traders who want to work remotely because our other company is a funds management company.



Aside from the challenge model we also run trading competitions each month. These are free to enter and we give away lots of good prizes.



As well as looking for good traders to fund we are always open to mutually beneficial business collaborations that grow the pie for everyone. So reach out if you think there is something we can do together.



I'll leave it there for now, as I didn't want tihis to be a long pitch post. JUst wanted to say "hello" and looking forward to getting to know you all more over time.



Regards,



Samuel
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Tell me, since there is plenty of competition, why should a trader pick your company over the competition?

And i mean based on your rules and pricing, not on what you believe or stand for.

I took a quick look at the website and it seems like you have smaller drawdown vs target compared to other companies and are more expensive?
 
These companies are in a race to the bottom none of them offer anything unique currently Leeloo is the only one with a different offering with their competitions. What a good offering is includes no scaling, no trailing drawdown no min trade time and the rules are the same in the funded account. Most will have a trailing drawdown either at the end of day or live
 
caacapital said:
These companies are in a race to the bottom none of them offer anything unique currently Leeloo is the only one with a different offering with their competitions. What a good offering is includes no scaling, no trailing drawdown no min trade time and the rules are the same in the funded account. Most will have a trailing drawdown either at the end of day or live
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Unless i have missed something LeeLoo has a trailing draw down, scaling target and minimum 30 trading days before first payout.

Edit: no scaling, but that's probably the only positive thing compared to Apex since they have changed their rules.

Edit2: Correction, Apex doesn't have scaling either.
 
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DevBru said:
Unless i have missed something LeeLoo has a trailing draw down, scaling target and minimum 30 trading days before first payout.
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yes they im referring to the trading competitions they do the funded evaluation is the same currently I would say Apex is the leader in the trailing drawdown space, uprofit/ticktick trader the leaders in the end of day trailing space.
 
TradersWithEdge said:
Agree. That's not why we exist. We don't help people that are fully funded.
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So you are helping people who do have a profitable trading plan but need trading capital to trade it out irl? But here is the catch-22 which kind of ties in with what @NoahA was saying, how would you know that the trading plan is profitable if the trader hasn't had a chance to prove it irl yet? And if the trader has already had a chance to trade out his/her trading plan and proved that it's profitable then he/she wouldn't need your funding anymore.

We are not doubting your sincerity and are certain of your well intention but we are just wondering if you have thought out your risk yet? How would you know this trader is profitable? Do you have a tryout period for the trader? During the tryout period, what's the profit/loss sharing arrangement? What happens after the tryout period? Do you accept or reject the trader? If the trader is accepted, what would be the new profit/loss sharing arrangement, if there is one?
 
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