Leveled Up Society Review
Leveled Up Society offer one of the lowest profit targets and leading trading conditions, including tight spreads, low fees and high leverage. You can participate in their challenge to earn a funded trading account where you keep 80% of profits.
Leveled Up Society is a prop firm that assesses online demo trading. For the cost of the up-front charge paid for the examination, the challenges enable clients to complete the evaluation and use their trading skills in a setting that provides no risks to them.
Following evaluation, qualified traders are entitled to a profit share on gains made in their trading accounts, provided that they abide by the trading rules. They publish daily trading education on YouTube, Instagram, Discord, and blog, where you can also keep up with their most recent news.
Leveled Up Society provide the option for anyone in the world to sign up and take part in the evaluation programme remotely for a sign-up price that is significantly lower than the typical in-person prop firm, hence enhancing the chances of success for all traders. This only leaves the most crucial factor, whether a trader genuinely has a lucrative strategy or not, to be taken into account for enrolment in the programme.
The company is able to perform risk management on all traders more successfully by giving them virtual balances on demo accounts. This results in a significant increase in the number of traders who can be successful on the platform at any given time.
As a Leveled Up Society Funded Trader, they think every retail trader ought to have the chance to raise money in accordance with their performance and dedication to creating their own company.
Start a Leveled Up Challenge to enjoy favourable trading conditions. You demonstrate your abilities during the evaluation phase and will be eligible to join the proprietary trading firm as a funded trader if you pass. They are devoted to providing the ideal conditions and establishing a community of knowledgeable traders who can prosper as a result of their efforts.
You have access to scale the funded accounts up to $1 million after you become a funded trader with the company. They have created a two-phase review process to see if you are prepared to manage funds before awarding you the designation of leveled-up trader.
You will experience the real-world circumstances of owning a genuine account while taking the evaluation. After passing, you’ll have limitless opportunities to grow in your trading career.
- Level 1 complete the challenge by making 8%
- Level 2 complete the evaluation by making 5%
- You are now a Leveled Up member, this comes with exclusive benefits
- Scale your account up to $1,000,000
It is as simple as possible to get started with Leveled up Society. You can find pricing by first scrolling to the “Start Challenge” area of the homepage. Next, decide which application and what size account you want to use. Before making a purchase, don’t forget to check the Knowledge Center to learn the precise guidelines and goals of each of the funding programmes.
You can pick a funded program that best achieves your objectives. The Leveled Up Society program is intended to provide you with an elite experience. Choose the one that will work best for you, and win the challenge.
You need to have demonstrated your skill set by passing the evaluation process, which entails levels 1 and 2, and will then become a member of the Elite Leveled Up Society. They will even cover your risk on the funded account.
Leveled Up Society Challenge
In the challenge, a trader has 30 calendar days from the date of the first trade to hit the 8% profit target. The evaluation method is split into two phases. On the final day of this phase, the 30-day term expires at 5 p.m. EST.
The trader must refrain from exceeding the maximum daily downside of 5% of either the opening day’s equity or balance, whichever is higher, at any point throughout the trading session. Additionally, the trader must avoid losing more than 8% of the account’s initial value in total equity. During the allotted 30 calendar days, the trader must conduct trading on a minimum of 5 trading days.
The trader has 60 calendar days from the completion of Phase 1 to complete Phase 2 of the challenge, which requires meeting a 5% profit target while adhering to the same daily and maximum drawdown restrictions and minimum trading days as stated above. On the final day of this phase, the 60-day term expires at 5 p.m. EST.
Please be aware that traders will be trading in live settings on simulated accounts starting with Phase 2.
Your trading account will be terminated if you break any of the aforementioned regulations, and you won’t be able to use that account to continue in the programme after that. A fresh trading account can be opened by traders who wish to restart the program.
| Account Size | Price |
|---|---|
| $25,000 | $149 |
| $50,000 | $269 |
| $100,000 | $539 |
| $200,000 | $1,069 |
You must pass levels 1 and 2 of the review procedures in order to become a member of the Leveled Up Society. Making 10% over the course of 30 days is the level 1 goal. In these 30 days, your maximum daily loss is 5%, and your maximum overall loss is 10%. If any of these negative thresholds is breached at any time, your account will be invalidated. You are eligible for a second chance to finish level 1 if you maintain profitability but fall short of the level 1 target.
They have a level 2 goal of 5% in 60 days. In these 60 days, you are only allowed to lose a maximum of 5% per day and 10% overall. If one of these negative targets is breached at any point in time, your account will be invalidated. You have a second chance to finish level 2 if you maintain profitability but fall short of the level 2 goal.
You become an Elite Leveled Up Society Member after successfully completing both stages.
Scaling Plan
You will receive an invitation to join the scaling plan for increased growth potential after two consecutive successful months on your Leveled Up Society account. Funded accounts that remain profitable 2 out of 3 months will receive a 25% bump on their initial account balance.
Drawdown
Maximum Daily Loss
You will be permitted a maximum 5% daily drawdown. Based on the starting balance, this is determined. The daily drawdown, for a $100K account, for instance, will always be $5,000. At the start of each new day at 5 PM EST, this is deducted from the daily starting balance or equity (whichever is higher). Every day at roughly 5 PM EST, the maximum daily drawdown is reset (typically plus or minus 3 minutes).
When the day changes at 5 PM EST, for instance, and you have a $100,000 account with a trade open that is floating $10,000 in profit, your daily drawdown will be calculated using the formula $110,000 – $5,000 = $105,000. This indicates that if your account falls below $105,000 the following day, you will be in violation.
Maximum Total Drawdown
The cumulative drawdown may not exceed 8%. Therefore, for both open and closed transactions, including commissions and swaps, the account equity cannot drop below 92% of the starting account value.
Your maximum drawdown amount, for instance, would be $8,000 if your starting balance was $100,000. Consequently, the equity in your account could not go below $92,000.00.
Accounts
Members of Leveled Up Society are permitted to have a combined total of $400k in active challenge accounts and $400k in active funded accounts.
You will only be reimbursed for funded accounts that have not yet been traded if you trade more than $400k in active funded accounts at any given time.
You won’t get a refund and your account will be breached if the funded account that would have put you above the $400k active funded account maximum limit has been exchanged.
Please be aware that the Maximum Capital Allocation has no impact on the Scaling Plan.
Retry
Phase-1
A trader will be eligible for a retrial if Phase-1 runs out if they finish Phase-1 in profit without exceeding the maximum daily loss or total loss while satisfying the minimum necessary days. When your challenge is over, your account must have a balance equal to or greater than the initial sum. You may retake a challenge as often as you like if these conditions are satisfied.
Phase-2
A trader will be qualified for a retry if they run out of time if they finish Phase-2 in profit without going over the maximum daily loss or total loss while meeting the minimum necessary days. They will have to restart Phase 1 though. When your challenge is over, your account must have a balance equal to or greater than the initial sum. You may retake a challenge as often as you like if these conditions are satisfied.
Trading Strategies
There are no constraints on trading style, and you are entirely free to choose the real trading approach you want to use during the demo assessment. However, some tactics are not allowed because they are considered “cheating” and violate the terms of use policy. It should be noted that any trading technique that makes use of the demo environment will lead to the cancellation of a trader’s account, whether it is funded or in the evaluation stage.
Below are some, not limited, examples of prohibited strategies:
- Guaranteed limit orders
- Data feed manipulation
- Trading on delayed charts
- Grid Trading
- Macroeconomic trading during high-impact reports and being filled at an unrealistic price due to the volatility
- Martingale
- Hedging between accounts
- Tick scalping
- Signal trading
- Reverse arbitrage
- Account management
- Latency arbitrage
- High-frequency trading
- Expert advisors
Brokers
Leveled Up Society uses the well respected and regulated broker Eightcap. They are the broker of choice for some of the best prop trading firms. You can trade a great selection of financial instruments with very competitive trading conditions including tight spreads, low commission fees and rapid trade execution speeds. As a regulated brokerage firm, they must comply with strict rules and regulations that have been put in place to protect investors and operate in a transparent manner.
Platforms
This prop firm uses the industry standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Chances are, you will already be familiar with these platforms if you have traded forex online before. If not, don’t worry – the MetaTrader platforms are well known to be amongst the most user-friendly trading platforms for retail traders. They both have an intuitive interface which is easy to navigate, with all of the trading tools you need to conduct in-depth market analysis and make informed trade decisions.
Instruments
Leveled Up Society permits unrestricted trading in the following markets in a virtual setting: forex, commodities, stock indices, and cryptocurrencies. However, crypto trading is not allowed on Leveled Up Society Funded Accounts. If that is a deal breaker for you, then you might want to consider True Forex Funds as an alternative prop firm.
Commission
Commissions on the platform are $5 per lot for everything (Forex, Indices, Metals, Crypto) except crypto on Eightcap. Crypto on Eightcap is 0.015% commissions based on volume. These are very good commission fees when you consider some brokers charge $7 per lot round turn or more.
Leverage
For the basic challenge on pairs, all accounts are set to 1:100 leverage, 1:40 leverage for commodities like gold and oil, 1:20 leverage for indices, and 1:2 leverage for digital currencies.
| Maximum capital | $1,000,000 |
| Profit split | 80% |
| Scaling | Yes |
| News trading | No |
| Weekend trading | Yes |
| Automated trading | No |
| Free trial | No |
| Maximum leverage | 1:100 |
Overall, Leveled Up Society provide a simple yet very competitive prop trading service. There aren’t as many complex trading rules as you will find with other prop firms whilst they are quite flexible in terms of strategies and targets. You can trade on the popular MetaTrader 4/5 platforms with a regulated broker and retry the challenge as many times as you like if you fail. They could improve by adding some educational content and offering a 90% profit share like some other options such as Finotive Funding and SurgeTrader. They also do not allow prop trading with expert advisors and news trading which is quite restricting. However, FundedNext do is those are strategies that you plan on using. Other than that, there is no reason to not consider them amongst the top prop firms in the business right now.
What countries do they accept?
What documents do I need to provide?
How soon will I receive my challenge after I sign up?
How do funded accounts work?
How much leverage is offered through Leveled Up Society?
Forex 1:100
Gold & Commodities 1:40
Indices 1:30
Crypto 1:2
When does my challenge start?
How long do i have to pass the challenge?
Phase 1: 30 calendar days from the date the first trade is taken (ends at 5pm EST on the last day of this phase)
Phase 2: 60 calendar days after passing Phase 1 (ends at 6pm EST on the last day of this phase)
What happens to your account when a rule is violated?
One of two things will happen if you go against the maximum days rule:
Your account will be checked if the closed balance is more than the starting amount, and if no violations are discovered, you will be given a free retry account.
Your account will be put into read-only mode and the account status will change to “Failed” on your Dashboard if the closed balance on your account is less than the initial balance. Another account must be acquired on our website in order to receive a second try at the evaluation.
If any violations, such as a violation of the terms of use or an abuse of the demo trading environment in any manner, are discovered after passing the review. Your violation will be reported to you by a member of the team, who will also manually breach your account and set it to read-only after notifying you of it. This violation will be reflected in your dashboard by a “Failed” account status change. Another account must be acquired on our website in order to receive a second try at the evaluation.
What is the process from Phase-1 to Phase-2 in the challenge
What happens after I pass the Leveled Up Society challenge?
The team will carry out the required steps to review your challenge accounts and create your funded account after the KYC items have been submitted.
Once you have verified your identity and signed the agreement, if you would like to know the delivery date for your funded account, please contact live support chat on the website who are always delighted to assist.
Am I trading real money?
Please remember that a Funded Account is a fully simulated account with real market quotes from liquidity sources in order to avoid any mistake. A partnered proprietary trading firm receives the trading data and copies the deals at their discretion using aggregated orders and proprietary risk management methods.
Can I merge multiple funded accounts together?
Please be aware that any financed accounts must first be at their starting balances in order to be combined. This can be accomplished by taking a withdrawal from funded accounts with a balance higher than the starting one. Or, you can merge the accounts if the financed account is brand-new.
You can contact the support team by email or chat if the accounts you want to merge are at their initial balances (post-withdrawal or untraded), and they will be pleased to help you with your merging request.
Please be aware that they have a $400K cap on account merging balances.
Am I trading on a demo account or live account?
Please remember that a Funded Account is a fully simulated account with real market quotes from liquidity sources in order to avoid any mistake. A partnered proprietary trading firm receives the trading data and copies the deals at their discretion using aggregated orders and proprietary risk management methods.
How do I request a payout from my Leveled Up funded account?
A trader must be verified by submitting a government-issued ID (e.g., a driver’s license or passport), proof of address dated within the last 60 days, and submitting a signed Funded Trader Agreement before being eligible for any payouts.
Withdrawal Request Eligibility Requirements
First Payout
30 days since the first trade was placed
No open positions or orders
Note: your account will be placed in read-only when your withdrawal request is submitted
Future Payouts
14 days since the first trade was placed after the previous payout date
No open positions or orders
Note: your account will be placed in read-only when your withdrawal request is submitted
Payout Methods
Deel
All traders are responsible for transaction fees associated with their payout.
