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 Review

Summary

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.

Traders Eco Website
Traders Eco Website
Pros
  • Get funded in 60 seconds
  • Scale up to $2,000,000
  • Profit share up to 85%
  • MetaTrader 4/5 platforms
  • Trade forex, stocks, indices, commodities and cryptocurrency
  • Free retry x3
  • Maximum 1:200 leverage
  • Expert advisors allowed
  • Weekend trading, news trading and holding overnight allowed
  • Free trial
Cons
  • Not much known about partner broker
  • 60% profit share on instant account
  • Some restrictions on trading strategies

Traders Eco Review

Programs

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.

Traders Eco Review

Conditions

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.

Traders Eco Review

Features

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.

MetaTrader 4 & MetaTrader 5 Platforms
MetaTrader Platforms

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.

Traders Eco Marketplace
Traders Eco Marketplace

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 split85%
ScalingYes
News tradingYes
Weekend tradingYes
Automated tradingYes
Free trialYes
Maximum leverage1:200
Traders Eco Features

Traders Eco Review

Conclusion

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.

8Expert Score
Traders Eco Rating

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.

Programs
8
Conditions
8
Features
8

Traders Eco Review

FAQ

How to get started?

After you sign up, they will offer you a free trial where you can try trading as if you were in the challenge, and this is completely for free. In the Free Trial, you will also have the possibility to test spreads, commission charges and execution so you get used to it before you decide to purchase.

Who can join Traders Eco?

They welcome traders from every continent with the exception of a few countries. No unique qualifications are needed. A minimum age of 18 is required for all customers. All that matters is your ability to trade profitably and responsibly.

Are Traders Eco legitimate?

Since theybegan effectively operating in 2019, they have given thousands of traders access to their Live Accounts. They were one of the first prop firms to begin paying traders in cryptocurrencies.

What payment methods are available?

You can purchase your account whether challenge or instant via debit and credit cards, PayPal, Interact and cryptocurrency.

When will I get my account?

During one business hour of the office opening, which is between 8:30 am and 5:30 pm PST, they begin processing your account (Vancouver time). Typically, they will process your account in one business day (Business days are Monday to Friday). Please be aware that because they are closed on weekends, any purchases you make will be processed on Monday of the following week.

Why is there a fee?

Essentially, the charge represents a trader’s pledge to handle the account with the highest care and responsibility. The psychology is in play, and a trader has something to gain. The good news is that you cannot lose more than this fee as any potential losses on the funded account are covered by the prop firm.

How many accounts can I have?

They have set a restriction of just one account per funding plan. This is, you may only have one challenge-based account overall, regardless of whether you are in stage one, stage two, or a funded trader. You cannot buy another challenge-based account, for instance, if you have a $100,000 account, unless you have failed or broken the restrictions on this account. Similar to the instant funding account, you are only permitted to use one account with this funding method. These restrictions are in place because they don’t want to focus a significant amount of their investment on a single strategy and to diversify their risk. You cannot merge accounts.

What’s the profit target?

8% stage one. 4% stage two.

What are the consequences of breaching account rules?

Violating any of the trading rules will cause the closure of your account by the funding provider without any refund.

Is there a lotsize limit?

You can use any lotsize during the challenge and after being financed with a funded account for 50k accounts and lower. There is no cap. Hence, you may use the entire margin. Once funded, the maximum lotsizes for 100k and 200k are 40 and 80, respectively.

What’s the leverage?

The leverage is 1:200. The leverage can’t be reduced or increased

What happens if my account is inactive?

Your account will be automatically archived from the server if it is dormant for 30 days. The account will be permanently stopped if you do not notify them of the cause of the inactivity within ten days of the archive.

Which platforms can I use for trading?

You can trade on the industry standard MetaTrader 4 and MetaTrader 5 platforms.

Is there a free trial?

Yes. Free trials are available for the challenge plan only.
Traders Eco Review
Traders Eco Review
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