Paradise Capital Review
Paradise Capital is a new proprietary trading firm that offers traders the opportunity to manage up to $1 million in trading capital. Established in January 2024 and registered in the United States, the firm operates exclusively on the TradeLocker platform, which supports a wide range of instruments including Forex, commodities, indices, crypto, and stocks.
Paradise Capital Review
Summary
Paradise Capital is a proprietary trading firm established in January 2024 and registered in the United States. The firm offers traders the opportunity to manage up to $1 million in trading capital, providing a significant platform for both novice and experienced traders to grow their skills and earnings.
Paradise Capital operates exclusively on the TradeLocker platform, known for its user-friendly interface and advanced trading tools, which supports a wide range of instruments including Forex, commodities, indices, crypto, and stocks.
Traders can choose between two main challenges: the Regular Challenge and the Express HFT Challenge. Each challenge offers various account sizes, with the Regular Challenge ranging from $5,000 to $200,000 and the Express HFT Challenge extending up to $1 million.
The profit split is designed to reward consistent performance, starting at 50% and increasing up to 95% after several successful payouts. Paradise Capital’s evaluation process is straightforward, requiring traders to meet specific profit targets while adhering to risk management rules like a maximum daily loss of 5%.
One of Paradise Capital’s unique features is its Trade Tracker tool, which acts as a personal trading coach by providing real-time analysis of trades. This feature helps traders refine their strategies and improve performance over time. Despite its promising offerings, it’s important to note that Paradise Capital does not offer free trials or refunds once the evaluation process begins. Overall, Paradise Capital presents an attractive opportunity for traders looking to access substantial funding while benefiting from a supportive trading environment.
Let’s examine the prop firm’s features and conditions in more detail to understand what makes it stand out in the competitive world of proprietary trading.
Paradise Capital Review
Programs
Paradise Capital offers a range of programs designed to cater to traders with varying levels of experience and trading styles. Let’s take a closer look at the options available.
Regular Account
Paradise Capital’s Regular Accounts offer a straightforward evaluation process with account sizes ranging from $5,000 to $200,000. Traders enjoy flexible trading conditions, including unlimited trading days and a minimum requirement of five trading days to qualify for payouts.
The platform supports various trading strategies, such as weekend holding, Expert Advisors (EAs), and crypto trading. The fees for these accounts range from $79 to $929, depending on the chosen account size.
HFT Accounts
High-Frequency Trading (HFT) Accounts at Paradise Capital cater to traders seeking larger capital allocations, with account sizes ranging from $5,000 to $1 million. These accounts offer the potential for higher profits and quicker evaluations, with a slightly lower profit target of 8%.
HFT Accounts accommodate both manual and automated trading approaches, including weekend holdings, EAs, and crypto trading. The fees for HFT Accounts are higher, ranging from $124 to $5,899, due to the larger potential funding amounts.
Paradise Capital Review
Conditions
Paradise Capital’s trading conditions are designed to balance opportunity and risk management. Here’s what you need to know about the rules and requirements for trading with this prop firm.
Drawdowns
Paradise Capital enforces strict drawdown limits to ensure traders manage their risk effectively. For both Regular and HFT accounts, the maximum daily loss is capped at 5% of the account size, while the overall maximum loss is 10%. This means that traders must be vigilant in managing their positions to avoid breaching these limits, which could result in termination of their funded status. These drawdown rules encourage disciplined trading and help maintain the integrity of the trading account.
Profit Targets
The profit targets vary slightly between account types. Regular accounts have a profit target of 10%, while HFT accounts require an 8% profit target. Achieving these targets is a prerequisite for progressing through the evaluation stages and eventually accessing payouts. The slightly lower target for HFT accounts might appeal to traders looking for a faster path to funding.
Trading Strategies
Paradise Capital offers flexibility in trading strategies, allowing traders to employ various methods such as Martingale, Expert Advisors (EAs), Supply/Demand, or Smart Money Concepts on their simulated accounts. This flexibility caters to various trading styles and preferences, enabling traders to leverage their strengths and adapt their strategies. EAs are particularly beneficial for those who prefer automated trading systems. Paradise Capital strictly prohibits predatory trading practices that disrupt the normal functioning of the real market, including data freezing, platform freezing, delaying the data feed, delayed charts trading, and hedging trades between accounts.
Unauthorized Account Modifications
Clients are strictly prohibited from modifying the password to the demo trading account under any circumstances. Any attempts to change the password will be deemed a violation of the Terms of Use, leading to the evaluation being considered unsuccessful.
Trading Days
Traders at Paradise Capital enjoy unlimited trading days, but they must participate in at least five trading days before each withdrawal. Importantly, trades must be executed with genuine intent; placeholder trades or minimal lot sizes do not count towards this requirement during the funded stage. This ensures that traders are actively engaged in the market and not merely fulfilling technicalities.
Payout Conditions
The profit split structure at Paradise Capital is designed to reward consistent performance. Initially, traders receive a 50% profit split after their first payout, which occurs 20 days into the funded stage. Subsequent payouts are bi-weekly, with the profit share increasing to 70%, then 80%, and finally reaching 95% after three successful withdrawals. This tiered system incentivizes traders to maintain strong performance over time.
Refund Policy
The refund policy at Paradise Capital is straightforward: once you pay for your evaluation plan and receive your login details via email, the sale is final, and no refunds are issued due to the instantaneous nature of the program. For those undertaking the 1-Step Challenge, payouts are based solely on simulated performance during the trader stage, with no refunds provided post-evaluation.
Scaling Plan
Paradise Capital does not offer a scaling plan. Traders are limited to the account size they initially choose, whether it’s a Regular Account (ranging from $5,000 to $200,000) or an HFT Account (up to $1 million).
Consistency Rule
To ensure disciplined trading practices, Paradise Capital implements a Consistency Rule that includes two key components: the 50% Consistency Rule and the Lot Size Consistency Range Rule. Under the 50% Consistency Rule, no single trading day can account for more than 50% of total profits. If this rule is violated and a payout is requested, it will be denied, and the account balance will be reset. The Lot Size Consistency Range Rule requires that trades fall within a calculated range based on average trade size; deviations outside this range may lead to payout denials.
Paradise Capital Review
Features
| Maximum capital | $1,000,000 |
| Profit split | Up to 95% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Paradise Capital provides a range of features to support traders in their journey towards profitability. Let’s explore the key aspects that make this prop firm stand out.
Platforms Offered
Paradise Capital currently offers only one trading platform: TradeLocker. This platform is known for its cutting-edge features tailored to the needs of day traders, risk-takers, and entrepreneurs. TradeLocker provides a seamless trading experience with its user-friendly interface and advanced analytical tools, making it an excellent choice for traders at all levels.
By focusing on a single platform, Paradise Capital ensures that all its resources are optimized to support and enhance the trading experience on TradeLocker, allowing traders to execute trades efficiently and effectively analyze market trends.
Dashboard
The firm offers a state-of-the-art Trade Tracker integrated into its system, which acts like a personal trading coach. This feature allows traders to analyze their trades in real time, providing insights into performance and areas for improvement. The dashboard is designed to be intuitive, giving traders a clear overview of their progress towards payout eligibility. By leveraging this technology, traders can refine their strategies and enhance their overall trading performance.
Support Offered
The support at Paradise Capital is designed to be responsive and accessible, ensuring that traders have the help they need when they need it. They offer live chat support directly on their website, allowing traders to get quick answers to their questions. Additionally, email support is available for more detailed inquiries. This dual approach ensures that traders can resolve issues promptly and continue focusing on their trading activities without unnecessary interruptions.
Knowledge Base
Paradise Capital provides a comprehensive knowledge base with a detailed FAQ section and rules page. This resource is invaluable for traders looking to understand the specifics of the firm’s programs and trading conditions. The knowledge base covers everything from account setup to withdrawal processes, helping traders confidently navigate their journey. By offering clear and concise information, Paradise Capital empowers its traders to make informed decisions and optimize their trading strategies.
Trade Tracker
One of the standout features of Paradise Capital is its Trade Tracker, a state-of-the-art tool designed to assist traders in analyzing their trades as they work towards their payout. This technology acts like a personal trading coach, providing insights and feedback on trading performance without the need for external consultation. The Trade Tracker helps traders identify strengths and weaknesses in their strategies, allowing for continuous improvement and optimization.
Paradise Capital Review
Conclusion
In conclusion, Paradise Capital stands out with its unique offerings like the Trade Tracker, which acts as a personal trading coach, and the exclusive use of the TradeLocker platform, providing an intuitive and streamlined trading experience. The flexibility in trading strategies and comprehensive support system further enhance its appeal to traders of all levels. However, it’s important to remember the strict drawdown limits and the consistency rules, which require disciplined trading to ensure success. Overall, Paradise Capital offers a robust environment for traders looking to grow their skills and capitalize on market opportunities, but it’s crucial to stay mindful of the rules to make the most of what they have to offer.
Paradise Capital Review
