The Trading Capital Review
The Trading Capital offer an evaluation program for traders to pass in order to get access to a funded account with an 85% profit share and scaling plan up to $2,500,000.
The Trading Capital is a Proprietary Trading Firm that was founded in 2019 and is situated in Mississauga, Ontario, Canada, next to the stunning Monroe towers in Square One. They are at 4 Robert Speck Parkway, on the 15th floor. In the beginning, the company was only accessible to close friends, family, and co-workers, and it ran on word-of-mouth and email.
In order to increase the number of people who could access their platform as they entered 2021, the prop firm opened up to the public and created a website. Since then, the development has been steady and gradual. No fancy marketing or advertising has been done them like you see with some competitors. Instead, they prioritise quality over quantity and make sure they have the staff and resources necessary to assist clients.
Helping those with the necessary abilities and talents achieve financial freedom has always been and will continue to be their main objective. They wish everyone success and are doing what they can to support traders all across the world in achieving financial freedom.
Evaluations
The Trading Capital keep things nice and simple with a two-step evaluation process. You must reach the evaluation objectives to show them that you have the skills required to become one of their proprietary traders. The profit targets are very achievable at 8% and 5% respectively. They allow a maximum daily loss of 6% and generous maximum drawdown from 10 to 12%. There is a minimum 10 trading days required. If that is an issue, you could consider SurgeTrader as they have no minimum trading days.
| TRADING OBJECTIVES | PHASE 1 | PHASE 2 | PROP TRADER |
|---|---|---|---|
| PROFIT TARGET (4 WEEKS) | 8% | 5% | NONE |
| MAXIMUM DAILY LOSS | 6% | 5% | 5% |
| MAXIMUM DRAWDOWN | 12% | 10% | 10% |
| MINIMUM TRADING DAYS | 10 | 10 | NONE |
| TRADE DURING NEWS | ✓ | ✓ | ✓ |
| HOLD OVER WEEKENDS | ✓ | ✓ | ✓ |
| EA’S ALLOWED | ✓ | ✓ | ✓ |
| PROFIT SPLIT | 85% | 85% | 85% |
| REFUNDABLE FEE | 120% | 120% | 120% |
They provide 4 account sizes which are 50K, 100K, 200K and 500K. The prices are not the lowest you will find when compared to market leaders such as FTMO. Simply select the evaluation you’d like to take and proceed to check-out. Your Evaluation will be processed within 24 business hours and you will receive your credentials via the email associated with your PayPal account. Once your first trade has been placed, your evaluation will begin.
Evaluations have 2 Phases, both with a minimum 10 days required. If both phases are completed successfully and all parameters are met, you will be become one of their prop traders.
- Phase 1 lasts 4 weeks or 20 trading days
- Phase 2 lasts 4 weeks or 20 trading days
The Trading Capital Evaluation provides traders with plenty of freedom, flexibility and chance of success. The restrictions aren’t as tight as they are with some prop firms whereas the rules are simple and fair.
Trading Rules
Your account will be cancelled (for evaluation and prop trader) if any of the following things take place on your account:
- Exceeding the Maximum Loss
- Exceeding the Maximum Daily Loss
- Trading any of the restricted symbols
- Retail Arbitrage/Manipulation
- Trades that are open less than 60 seconds (this is not a violation, but profits will not count towards your balance/equity)
- Carry Trading/Swap/Broker Manipulation & Other forms of taking advantage of demo conditions.
The detection system will quickly close all open positions if any trading parameters are broken, and a notification is logged into the system and communicated to their personnel. After that, a member of staff will be in touch with you soon or at the conclusion of your trading term to go through your Assessment.
Profit Target
There is an 8% profit target during your evaluation. To achieve this goal, traders are free to use any method as long as they can reproduce it. Achieving this becomes much more feasible when you combine that with other flexible parameters.
Maximum Drawdown
The Trading Capital keeps things straightforward and helps you pass the evaluation. They are one of the few proprietary trading companies with a maximum drawdown restriction of 12% and a daily loss cap of 6%. This provides traders with much more breathing room to implement their plans.
The value of having more flexibility cannot be overstated. They are aware that errors can occur. Now that you are more at ease and confident, you can put your plans into action.
Profit Split
As a legitimate proprietary trading firm, the company has expanded and added more skilled traders. With an 85/15 profit split, they are able to both meet and set new benchmarks for the industry. This is very generous but you can get a 90% profit share with Topstep as an alternative prop firm to consider.
Back in 2019, they first began with a 50/50 split. As they grew, it became simpler for them to create better circumstances, making it even more enjoyable to join their proprietary trading team. To make traders successful and the evaluations straightforward, they take every possible step.
Withdrawals
The Trading Capital understand how frustrating it might be to wait for a withdrawal or the initial earnings split. Thus, monthly profit splits are no longer used and traders can promptly access their gains. With absolutely no minimum withdrawal amount and bi-weekly withdrawals, you can now get your first withdrawal and refund much sooner.
The day you place your first trade on your Prop Trader account is Day 1 and your profit split date will be on the 14th day. For example, if you place your first trade on your account on April 1st, then your profit split would be April 15th (14 days later). You will need to ensure that all of your open positions are closed to receive your profit split.
Bi-Weekly payouts are optional. If you would like to keep profits in your accounts, or keep trades running, you can keep them running and withdraw for the next profit split period.
Refund
The Trading Capital are all aware of how rewarding it is to get your money back after splitting your profits. For their traders, they have already made it a little sweeter.
In addition to offering some of the ideal circumstances and limitations to support traders, they also provide traders a whole 120% return on their first successful profit split.
Scaling Plan
Interested in boosting the capital in your portfolio? This prop trading firm will boost the size of your account by 25% every three months if you are talented and perform well enough, provided that you are able to earn 5% each month.
Simply put, if you earn 15% every three months, they will give you more money, up to $2,500,000. It doesn’t matter if you made 5% 3 months in a row, or made 3%, 7% and 5%, any combination is okay so long as you made 15% over the course of 90 days.
Trading Strategies
They mean it when they claim there are no restrictions. You can apply your approach as long as it is lucrative and takes into account current market conditions.
You are permitted to utilise EAs, trade through the news, use trade copiers, and hold positions over the weekend. With all of the aforementioned factors together, becoming a proprietary trader has never been simpler.
However, they must diversify their risk in order to protect their capital. More than $2,500,000 in funds cannot be invested using a single technique. You must modify or amend your plan if it calls for more capital than $2,500,000 throughout the platform. Moreover, deals that are available for fewer than 60 seconds won’t be added to your balance or equity.
You can copy trade but only with funds across their platform of up to $2,500,000. If you have more than one account with them, you can duplicate trades between them, but they recommend requesting an account merge so that all of your capital is in just one account because occasionally even trade copiers might break down and cause problems. With trading, seconds are crucial.
Maximum Daily Loss
The Maximum Daily Loss is calculated based on your current balance upon the daily reset.
Phase 1 losses are limited to 6% of the initial base capital per day, which resets at 00:00 EST Toronto Time (07:00 broker time). You will break the daily loss rule if your equity decreases by this much or more in the space of 24 hours.
If you do not close those transactions, the open/floating drawdown you presently have (if any) will continue over to the following 24-hour period and will be added to your current daily loss. This also applies to the overage from Saturday at 5:00 PM to Sunday at 5:00 PM. Throughout the weekend, there is no daily reset because the market closes on Friday at 5:00 PM EST. The daily reset won’t take place until 7 hours after the market opens on Sunday at 5:00 PM EST, at 00:00 EST on Monday, Toronto Time.
For instance, if your evaluation is $100,000, your daily loss cap is $6,000. If, at the time of the daily reset, your balance is $100,000 and your floating drawdown is currently -$5,000, and if you continue that drawdown into the following 24-hour cycle, you still have a loss limit of $1,000 or it will be considered a violation.
You would enter the current day with no drawdown, however, if you closed those transactions, incurring a -$5,000 loss, before the following daily cycle. On that new day, you can now afford to lose another $6,000 or so.
Retry
The Trading Capital do allow for one free attempt, provided that none of the trading parameters have been broken and your account is in a neutral or positive balance by the end of your Assessment period. This is true even though they’ve already made their evaluation absolutely fair for all traders.
Only when your evaluation has finished its trade period will you be eligible for a retrial. You may request an additional paid Evaluation if you fail the evaluation and are not eligible for a repeat.
Brokers
The Trading Capital have chosen FXPRIMUS as their broker of choice. They use this broker because they provide flexibility, tight spreads, low commission fees and great execution speeds. They also allow for higher leverage. This means that you can try to complete the evaluation phases with very favourable trading conditions. The broker is also regulated so traders can focus on their trading strategies whilst having peace of mind they will operate in an honest and transparent manner. By default, traders will receive ECN accounts which have tighter spreads and lower commissions.
Platforms
MetaTrader 4 (MT4) is the platform this prop trading firm uses. MT4 is one of the most popular forex trading platforms for beginners and experienced traders alike. It has everything you need for conducting market analysis across multiple chart types and timeframes. You can trade manually using various order types (instant, pending, limit) and run automated trading systems. There are plenty of trading tools built-in to help make informed trading decisions.
If you would prefer to use the news MetaTrader 5 (MT5) platform, then you could always utilise a trade copier. However, this could cause slippage so you might want to look for an MT5 prop firm instead such as OspreyFX who have both of the MT4/MT5 platforms.
Instruments
You can trade a decent variety of financial instruments across multiple asset classes including forex currency pairs, precious metals (gold, silver, platinum), indices (DJ, ND & S&P500 ONLY) and oil. However, they do have some restrictions on particular asset classes and crypto trading is not available. If this is something which you need, then you might want to look at our crypto prop firms. The Trading Capital use a generous 1:100 leverage on all Evaluation and Prop Trader accounts.
| Maximum capital | $2,500,000 |
| Profit split | 85% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Overall, The Trading Capital have a very attractive prop trading service. The evaluation objectives are realistic whilst they are lenient when it comes to trading strategies. You can get a funded account all the way up to $2,500,000 using the scaling plan with a generous 85% profit share and bi-weekly payouts. Trades are carried out on a reputable broker in FXPRIMUS on the intuitive MT4 platform which you can use across all of your devices. The trading conditions are favourable and there is a free retry if you fail the two-phase evaluation without violating any of the transparent rules.
On the other hand, they do not provide the MT5 platform and have limited asset financial instruments compared to some other proprietary trading firms. You will need to trade for at least 10 days to pass the evaluation phase. The initial fee is quite high and there is not much user feedback at the moment as they are relatively new to the prop trading industry. However, if you can see pass these slight imperfections, then they are certainly worth consideration as everything looks great on paper.
How much experience do I need to apply?
When does my Evaluation begin?
How many Evaluations can I take?
I passed the Evaluation, what’s next?
Can I reset my account if I violate parameters?
Do they offer a refund on the Evaluation?
Is there a lot size limit?
Do I have to pay for my losses?
How do they pay traders? Do they pay using evaluation fees?
Financial resources (parent company) supports them.
They have their own trading book, where they are A-book traders.
They have very valuable trading data which they sell.
As a small Proprietary Trading Company, they do not rely on evaluation fees to pay prop traders because they do not make a large amount of money from them alone.
