Clarity Traders Review

Clarity Traders is a proprietary trading firm that offers traders the opportunity to manage up to $300,000 in capital, with a competitive 90% profit split and a choice of advanced trading platforms.

Clarity Traders Review

Summary

Clarity Traders stands out as a dynamic proprietary trading firm offering a structured pathway for traders to access significant trading capital. With a range of evaluation programs tailored to different trading styles and experience levels, Clarity Traders provides an opportunity for traders to showcase their skills and potentially manage accounts with up to $100,000 in capital. 

The firm offers three main challenges: the Clarity Challenge, the Traditional Challenge, and the Accelerated Challenge, each with its own set of rules and objectives. These programs are designed to assess a trader’s ability to achieve specific profit targets while adhering to risk management guidelines, such as drawdown limits and consistency rules.

A standout feature of Clarity Traders is its generous profit-sharing model, which offers successful traders a 90% share of the profits. This competitive edge, combined with the flexibility of choosing from various account sizes, makes Clarity Traders an attractive option for traders looking to advance their careers. The firm also provides access to popular trading platforms like TradeLocker and MT5, ensuring that traders have the tools they need to execute their strategies effectively.

In addition to its robust evaluation programs, Clarity Traders emphasizes support and education, offering a comprehensive knowledge base and responsive customer service. These resources help traders enhance their skills and navigate the challenges of the trading world. With a commitment to fostering disciplined and consistent trading practices, Clarity Traders positions itself as a compelling choice for those seeking to make a mark in the prop trading industry.

Let’s look into the prop features and explore what Clarity Traders has to offer.

Pros
  • Offers flexible account sizes ranging from $5K to $300K.
  • Provides up to $300k in capital to trade with, which can be appealing for experienced traders
  • Offers refundable fees upon successful completion of challenges.
  • Provides a competitive 100% profit split for successful traders.
Cons
  • Prohibits the use of EA BOTs, which may limit some traders’ strategies.
  • Stringent daily and overall drawdown limits could be restrictive for some trading styles, though this is a common practice in prop trading firms.
  • High profit targets, such as the 10% for the 1-Phase challenge, may be challenging for beginners.

Clarity Traders Review

Programs

Clarity Traders offers a variety of evaluation programs, each tailored to accommodate different trading styles and account sizes. These programs are designed to assess traders’ skills and provide opportunities to manage funded accounts. Here’s a detailed overview of the programs:

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1 Phase Evaluation

The Evaluation Challenge is a single-phase program that provides traders with an unlimited trading period, allowing them to meet the required 10% profit target without time constraints. Traders must adhere to a maximum daily drawdown of 4% and an overall drawdown of 6%, with a 30% consistency rule in place to ensure a stable trading strategy. The refundable and purchase fee is determined by the chosen account size, offering flexibility to traders. For instance, a $10,000 account size might have a different fee compared to larger account sizes like $25,000, $50,000, or $100,000. This structure allows traders to select an account size that aligns with their trading goals and financial capacity.

Clarity Traders 1-Phase Challenge
Clarity Traders 1-Phase Challenge

Traditional Challenge

The Traditional Challenge involves a two-phase evaluation process, providing a comprehensive assessment of a trader’s abilities. In the first stage, traders must meet an 8% profit target while observing a maximum daily drawdown of 5% and an overall drawdown of 8%. The second stage requires a 5% profit target under the same drawdown conditions. Both stages enforce a 30% consistency rule, promoting disciplined trading practices. The purchase amount for this challenge is $50, although it varies depending on the selected account size. This program is designed for traders who are comfortable with a more structured evaluation and are willing to demonstrate their skills over two phases.

Clarity Traders Traditional Challenge
Clarity Traders Traditional Challenge

Accelerated Challenge

The Accelerated Challenge is tailored for traders seeking a faster route to funding. Like the Traditional Challenge, it consists of two phases, each with an unlimited trading period. The first phase demands an 8% profit target, while the second phase requires a 5% profit target under a maximum daily drawdown of 5% and an overall drawdown of 8%. Unlike the Traditional Challenge, the Accelerated Challenge does not impose a consistency rule, allowing for greater flexibility in trading strategies. The purchase amount is set at $63, but it also varies based on the chosen account size. This program is suitable for traders who want to expedite their evaluation process while still adhering to rigorous trading standards.

Clarity Traders Accelerated Challenge
Clarity Traders Accelerated Challenge

Clarity Traders Review

Conditions

Clarity Traders offers a range of conditions that traders must meet to successfully navigate their evaluation programs and potentially manage funded accounts. These conditions are designed to ensure that traders demonstrate both skill and discipline in their trading activities. Let’s break down the key conditions that Clarity Traders has set for its participants.

Drawdowns

Managing risk is a crucial part of trading, and Clarity Traders has specific drawdown limits to help traders stay disciplined. For the Clarity Challenge, traders must adhere to a maximum daily drawdown of 4% and an overall drawdown of 6%. In the Traditional and Accelerated Challenges, these limits are slightly more lenient, with a 5% maximum daily drawdown and an 8% overall drawdown during the evaluation stages. Once funded, the overall drawdown increases to 10%, providing a bit more breathing room for traders managing live accounts.

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Trading Days

The evaluation programs also specify a minimum number of trading days to ensure that traders are not just getting lucky with a few trades. For the Clarity Challenge, traders need to trade for at least one day. In contrast, the Traditional and Accelerated Challenges require a minimum of five trading days in each evaluation stage. This requirement encourages traders to maintain consistent performance over a period rather than relying on short-term gains.

Trading Strategies

While Clarity Traders offers flexibility in trading strategies, it does not allow the use of trading robots or Expert Advisors (EAs). This restriction is in place to ensure that traders rely on their skills and judgment rather than automated systems. By prohibiting EAs and bots, Clarity Traders encourages traders to develop and refine their strategies, enhancing their trading skills and decision-making abilities,

Competitive Profit Split

Clarity Traders offers a generous 90% profit split, allowing traders to retain the majority of their earnings. This competitive profit-sharing model is one of the highest in the industry, making it an attractive option for traders looking to maximize their profits.

Consistency Rule

The Consistency Rule is a unique feature of Clarity Traders’ evaluation process. It stipulates that the profits earned in a single trading day must not exceed 30% of the overall profit earned. If a trader’s best trading day accounts for 30% or more of their total profits, they must continue trading until this percentage is reduced. This rule is designed to ensure that traders maintain a consistent approach and do not rely on a few high-risk trades to meet their profit targets.

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Refund Policy

One of the appealing aspects of Clarity Traders’ programs is the refundable fee. If traders successfully complete the evaluation stages, they will receive a refund of the initial fee they paid. This policy is a motivator, as traders can earn back their upfront investment by proving their trading capabilities.

Clarity Traders Review

Features

Maximum capital$300,000
Profit splitUp to 90%
ScalingNo
News tradingYes
Weekend tradingNo
Automated tradingNo
Free trialNo
Maximum leverage1:200
Clarity Traders Features

Clarity Traders offers various features designed to support traders in their journey to becoming successful funded traders. These features are crafted to provide flexibility, support, and a rewarding trading environment. Let’s dive into the key features that set Clarity Traders apart.

Dashboard

Clarity Traders provides a user-friendly dashboard, a central hub for traders to manage their accounts. The dashboard offers a clear and organized view of trading metrics, account status, and performance statistics. This feature allows traders to track their progress, monitor their adherence to trading rules, and make informed decisions based on real-time data. The intuitive dashboard design ensures traders can easily access the information they need to optimize their trading strategies.

Platforms Offered

Clarity Traders offers traders the choice of using TradeLocker and MT5 (MetaTrader 5) as their trading platforms. 

  • TradeLocker is a next-generation platform powered by TradingView, known for its lightning-fast performance and sleek, minimalist interface. It is designed to provide advanced features that enhance the trading experience, making it suitable for both novice and experienced traders. TradeLocker integrates with brokers to ensure clarity and security in financial transactions, offering a reliable environment for executing trades.
TradeLocker
TradeLocker
  • MetaTrader 5 (MT5) is a well-established platform renowned for its comprehensive trading capabilities and advanced charting tools. MT5 allows traders to customize their trading environment, offering features like multiple execution modes and a wide range of technical indicators. This platform is favored by traders who appreciate its robust analytical tools and the ability to automate trading strategies through Expert Advisors (EAs), although Clarity Traders does not permit the use of EAs in their programs.
MetaTrader 5 (MT5)
MetaTrader 5 (MT5)

Support Offered

Customer support is a critical component of the trading experience at Clarity Traders. The firm offers responsive support to address any queries or issues traders might encounter. Whether it’s technical assistance or guidance on trading rules, the support team is available to help traders navigate their journey smoothly. A reliable support system is especially beneficial for traders new to the prop trading environment, as it can significantly enhance their overall trading experience.

Flexible Leverage

Clarity Traders offers flexible leverage options, with up to 1:200 for indices, gold, and commodities and 1:100 for crypto and forex. This range of leverage options allows traders to tailor their risk exposure to their trading strategies and market conditions.

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Bi-Weekly Payouts

Clarity Traders processes payouts bi-weekly, providing a consistent cash flow for traders. This regular payout schedule ensures that traders can access their profits promptly and manage their finances effectively.

Knowledge Base

Clarity Traders provides a comprehensive knowledge base with educational resources to help traders enhance their skills. These include tutorials, webinars, and articles covering a range of topics from basic trading principles to advanced strategies. Clarity Traders’ rich knowledge base empowers traders to continually improve and adapt to changing market conditions.

Clarity Traders Review

Conclusion

Clarity Traders presents a solid opportunity for traders looking to prove their skills and potentially manage funded accounts. With flexible evaluation programs, a choice of advanced trading platforms like TradeLocker and MT5, and a supportive environment complete with educational resources and responsive customer service, they offer a well-rounded package for traders at various levels. The Consistency Rule and restrictions on automated trading ensure that traders develop disciplined, skill-based strategies. However, it’s important to be mindful of the drawdown limits and the need for consistent performance over time.

8Expert Score
Clarity Traders Rating

Clarity Traders is a proprietary trading firm that offers traders the opportunity to manage up to $300,000 in capital. It offers a competitive 90% profit split and a choice of advanced trading platforms.

Programs
7
Conditions
8
Features
9

Clarity Traders Review

FAQ

What trading platforms are available with Clarity Traders?

Traders can choose between TradeLocker and MetaTrader 5 (MT5) as their preferred trading platforms.

What is Clarity Traders’ profit share percentage?

Clarity Traders offers a generous 100% profit share to successful traders who complete their evaluation challenges.

What are the drawdown limits for Clarity Traders’ challenges?

The maximum daily drawdown is 5%, and the overall drawdown limit is 8% during the evaluation stages.

Are there any restrictions on trading strategies at Clarity Traders?

Yes, Clarity Traders does not allow the use of automated trading systems or Expert Advisors (EAs).

How does the Consistency Rule work at Clarity Traders?

The Consistency Rule requires that no single trading day can account for more than 30% of the total profits during the evaluation.

How often are payouts processed at Clarity Traders?

Payouts are processed every 14 days after the first profits are made.
Clarity Traders Review
Clarity Traders Review
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