Traders Eco Review
Traders Eco is a prop trading firm who offer instant funding, challenges, trading tools and education. You can scale up to $2,000,000 and share up to 85% of the profits.
Traders Eco (formerly Traders Central) was created with the long term in mind. Regardless of status or knowledge, they think everyone should have access to the resources and assistance needed to enhance their trading career. They have developed an array of financial tools to support this goal because they want to walk alongside each trader every step of the way.
Accounts
You can choose between instant funding or take part in trading challenges. The instant account gives you access to live capital where you can keep up to 60% of profits. Otherwise, you can pay once and try to pass the challenge to get funded and keep a larger share of up to 85% of profits. The one-time fee is reimbursed to you with the first profit split when you become a Traders Eco fund manager.
When purchasing a challenge plan on the website, you can choose your plan settings before checkout and receive the logins to your tailor-made account in under a minute via email. Scaling allows accounts to grow up to $2,000,000.
Withdrawals
Demo accounts are used for evaluation purposes and are not withdrawable. To request a withdrawal, live accounts must be profitable after commissions and swaps. The financing provider processes withdrawals via the customer portal.
With the one-time fee plan, withdrawal requests can now be made on the 14th and 28th of every month. Depending on the method, it could take up to 5-7 business days for the funding provider’s withdrawals to reach you. The prop firm backers presently provide bank transfers and cryptocurrency as withdrawal options.
Retry
If you fail the evaluation program, Traders Eco offer unlimited free retries from those who have not reached the profit target during evaluation but finished it up with a profit and no rule violations. Besides making it fast, they made retry activation extremely easy. You go to the Fund Portal and look for the “Activate retry” on the Money page.
Instant Account Rules
Leverage
Traders will manage a live account with leverage of 1:50.
Trading Hours
Trades can be opened anytime of the day and can be held overnight and over the weekend.
Trading Products
All forex pairs, cryptocurrencies, stocks, indices, and metals.
Group Trading
Trading as a group; placing and exiting trades together manually or with a copier in a similar pattern is not allowed.
- First Offense: 50% fine on initial withdrawal. The trader is allowed to renew the account from a pending withdrawal.
- Second Offense: Withdrawal held and account is closed.
Prohibited Strategies
Using these strategies will cause the closure of your account by the funding provider and voiding of profit withdrawals (if any). Hedging, Trade Copiers and EAs are allowed.
- High Frequency Trading (Manual / EA): multiple and very short-term trades (positions opened and closed under a minute, seconds or fractions of seconds)
- Martingale: multipliers of first opened position, same symbol and direction.
- Automated News-Based trading: bots with ability to read news items and take instant trading actions in response.
Drawdown Limit
Maximum drawdown of five percent relative to Equity. (This means, the equity of the trading account must not, at any point during your trading reach a loss of -5%) Withdrawal target of 0.5% net of commissions and swap.
Instant Funding Account Scaling Plan
Eligibility
All traders on the 25K trading book, regardless of their background, experience or track record, are eligible for the cap growth process to $1M.
Stage One
If you can make a 10% return on your $25K trading book – growing your account to $27.5k, they will top up your initial funding to $50k.
Stage Two
If you can make a 10% return on your $50K trading book – growing your account to $55k, they will top up your funding to $100k.
Stage Three
If you can make a 10% return on your $100K trading book – growing your account to $110k, they will top up your funding to $200k.
Stage Four
If you can make a 10% return on your $200K trading book – growing your account to $220k, they will top up your funding to $400k.
Stage Five
If you can make a 10% return on your $400K trading book – growing your account to $440k, they will top up your funding to $1M.
Hitting Max Drawdown after scaling up
When you scale up your account and hit 5% max drawdown, you will be rolled back to the previous stage. e.g. When you scale up a $25K account to $50K, then face a 2500$ Loss, your account will be rolled back to $25K.
Challenge Account Rules
Trading Hours
Trades can be placed at any time of the day. Overnight and over the weekend positions are allowed.
Trading Period
- Stage one: 30 days, with a minimum day’s requirement of 10.
- Stage two: 60 days, with a minimum day’s requirement of 10.
- You can complete the total evaluation in a minimum of 20 days so far as all other requirements are met.
Trading Products
All Forex pairs, Crypto currencies, Stocks, Indices, Gold, and Silver.
Group Trading
What is the consequence of copy/group trading? (OTF Challenge)
- First Offense: Warning, trader allowed to proceed to stage two.
- Second Offense: Account is closed.
Prohibited Strategies
EAs and Trade Copiers are allowed. EAs must not be martingale. EAs are allowed to use virtual/hidden stop losses. Using these strategies will cause the closure of your account by the funding provider and voiding of profit withdrawals (if any).
- High Frequency Trading (Manual / EA): multiple and very short-term trades (positions opened and closed under a minute, seconds or fractions of seconds)
- Martingale: multipliers of first opened position, same symbol and direction.
- Automated News-Based trading: bots with ability to read news items and take instant trading actions in response.
Profit Target & Drawdown Limit
There is a profit target of eight percent to complete the evaluation for stage one and four percent for stage two. Maximum drawdown of ten percent (This means, the equity of the trading account must not, at any moment during both stages duration, reach a loss of -10%.)
Challenge Account Scaling Plan
Stage One
Only traders with a $50K trading book are eligible for capital growth. Profit withdrawals are independent from the growth targets of 10%.
Stage Two
If you can make a 10% return on your $50K trading book – growing your account to $55k, they will top up your initial funding to $100k.
Stage Three
If you can make a 10% return on your $100K trading book – growing your account to $110k they will top up your funding to $200k.
Stage Four
If you can make a 10% return on your $200K trading book – growing your account to $220k they will top up your funding to $400k.
Stage Five
If you can make a 10% return on your $400K trading book – growing your account to $440k they will top up your funding to $1M.
Stage Six
If you can make a 10% return on your $1M trading book – growing your account to $1.1M they will top up your funding to $1.5M.
Fund Manager
If you can make a 10% return on your $1.5M trading book – growing your account to $1.65M they will top up your funding to $2M.
Brokers
The broker you will be provided is TCBridge Cop. Traders Central Bridge Corp which is a separate entity from Traders Central Fund Corp is the default broker responsible for providing the MT5 trading platform to the traders that they connect to backers, allowing them to buy and sell financial instruments. If you would prefer to use a well-known broker such as Eightcap, you might want to consider The Funded Trader as an alternative prop firm.
Platforms
You can trade the challenge stage on the most popular retail platforms in MetaTrader 4 and MetaTrader 5. Please note that, MT4 is provided upon request for 100k, 50k, 25k, 10k and 5k accounts only. The 200k account is by default on MT5 only. These are both user-friendly platforms with a plethora of trading tools for conducting in-depth market analysis and making informed trade decisions. You can also get both MetaTrader platforms with a funded account using SurgeTrader.
Instruments
You can trade a good variety of trading instruments including forex, stocks, indices, commodities and cryptocurrency. Raw spreads account with leverage of 1:200 on industry-standard MT5. MT4 can be provided upon request. The spreads are low and commission fees completive:
- Forex pairs – $3.5 per lot
- Metals – $7 per lot
- Crypto – 0.5%
- Indices – 0.0004%
- Stocks – 0.1%
Traders Tools
This is a portal that has all your trading tools in one single place, making the task of managing multiple accounts much more accessible. Connect, trade and share with others in real time. Track your favourite companies and currencies.
The Marketplace
This is a place where traders can trade tokens by playing, working, or learning. Play to earn in the digital playground, gain knowledge and build in the ecosystem.
Education
There is a trading academy where you can read trading guides and watch tutorial videos. This can be a good way to improve your trading skills and knowledge of the markets in your own time.
| Maximum capital | $2,000,000 |
| Profit split | 85% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | Yes |
| Maximum leverage | 1:200 |
Overall, Traders Eco have a simple prop trading service for anyone looking to get instant funding or take part in a trading challenge to show what they can do whilst improving their trading skills in the process. The main difference between each account type is the profit share which goes up to a generous 85%. The prop firm also provide a range of other services including tools and a marketplace.
The trading objectives and rules are pretty much inline with the industry standard. You can trade on both the MT4/MT5 platforms during the challenge phase but only on MT5 with a funded account. The broker they use is not well known which may deter some aspiring prop traders. If you can see past the limitations, then they are worth consideration although there are better options out there such as FTMO.
