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Clarity Traders Review 2024: Earn 90% Profit With Claritytraders.com

Clarity Traders Review

It seems like every prop firm in the world is based in the United States and so is the one we are evaluating today. Our Clarity Traders review delves deep into the firm’s profile, leaving no stone unturned to present you with facts so you can decide whether or not they’re the right choice. 

Similar to Hydra Funding, the Clarity Traders prop firm has been established only recently and it managed to keep a good reputation among its traders. The reviews seem great, the features are amazing, and they are cheap. But are they reliable? Keep reading to find out.

About Clarity Traders

Clarity Traders is a prop firm looking for traders worldwide to provide them with the opportunity to manage up to $300k in funding. Your objective is to satisfy the requirements and demonstrate your suitability to join the funded traders. 90% of profits will be awarded to you if you complete a challenge. 

The company is based in the United States and without surprise, the identity of the owner is hidden using a paid service. According to ScamAdviser, the domain is marked as a potential HYIP website and the trust score is low. A HYIP website is an online platform that claims to offer high investment returns at minimal or no risk to investors. 

This reminds us of Isa Banking, a broker that guarantees 5-25% of profits. Never trust companies that guarantee you will profit! Either way, keep reading our Clarity Traders review to see if there are more red flags you need to be on the lookout for. 

Company Type Proprietary Firm
Legal name Clarity Traders
Regulation Not expected
Registered in 8 The Green Suite B, Dover, Delaware 19901
Established 2023
Website claritytraders.com
Financial Authorities Warnings
  • No official warnings
Contacts
If a withdrawal is possible Depends on the broker;
Fees
  • $7/lot commission
If Active on Social Media:
Investor Protection: None
Activity areas United States, India, United Kingdom, South Africa, Nigeria;
Main threats Lack of transparency and a potential HYIP website;
Main perks Multiple challenge types suitable for everyone;

Legal Information

Regarding regulatory status, the firm operates without a license. While that can’t be considered a red flag, the fact that some prop firms operate under regulatory oversight indicates that this company is up to no good. 

Now, don’t get us wrong. Regulation with prop firms is not required but it is very appreciated. And if some of them can obtain a license and provide security to traders, why can’t Clarity Traders? 

But still, since they are not required by law to operate regulated, we can’t hold it against them. It’s advisable to choose regulated firms because like in this case, when the firm doesn’t pay up, at least you will have someone to report them to get your money. 

Clarity Traders Features

Assets that are available for trade include crypto, forex, indices, gold, and commodities. The maximum leverage offered is 1:100 and trading is done on a demo account of a broker you choose. This is why it’s crucial to choose a regulated broker for trading. 

Trading bots and EAs are not allowed while trading on the demo platform. The commission charged is $7 per lot on all assets, without exceptions. To pass the challenge, traders must withdraw no more than 5% per day and 8% total for the two-step evaluation, or 3.5% per day and 6% total for the single-phase review.

The Highest Profit Day is limited to 30% of your total profits, per the consistency rule. This implies that you can better monitor your risk-reward ratio if your most profitable day doesn’t account for more than 30% of your total earnings.

Clarity Traders Funded Account

To be eligible for a funded account, select a challenge worth $25k, $50k, $100k, $200k, or $300k and meet the conditions of either the 1-stage or 2-stage evaluation-funded challenges. There are three challenge types to choose from, including 1-Phase Challenge, Traditional Challenge, and Accelerated Challenge. 

1-Phase Challenge

  • Min Days 1
  • Max. Daily Drawdown 4%
  • Max. Overall Drawdown 6%
  • Profit Target 10%
  • Consistency Rule 30%

Traditional and Accelerated Challenge 

  • Trading Period Unlimited
  • Min Days 5
  • Max. Daily Drawdown 5%
  • Max Overall Drawdown 8%
  • Profit Target 8%
  • Consistency Rule 30%

Clarity Traders Cost

The evaluation fee depends on the account size you choose, so here is a breakdown of what to expect: 

1-Phase Challenge

  • $25k – $199
  • $50k – $299
  • $100k – $499
  • $200k – $959
  • $300k – $1,429

Traditional Challenge

  • $25k – $149
  • $50k – $292
  • $100k – $492
  • $200k – $949
  • $300k – $1,399

Accelerated Challenge

  • $25k – $189
  • $50k – $372
  • $100k – $626
  • $200k – $1,209
  • $300k – $1,782

Clarity Traders Reviews

The number of reviews on Trustpilot seems suspicious considering the firm was established not so long ago. The overall score is 4.3 based on 32 comments, and while the majority are positive, almost 20% of them are all 1- and 2-star reviews. 

One trader seems to have an issue with the demo account. The firm was using his live account funds while he was trading on the demo, however, there is no certain proof of it. Because of the 30% rule they have you’re penalized for making a good trade.

Additionally, almost all comments are focused on withdrawals and how the company doesn’t pay up profits. Each time a withdrawal of profits is requested, they have some new story to tell you of why they can’t pay up, according to several traders. 

Payment Options and Process

The accepted payment methods are credit cards, including Visa, Mastercard, and American Express, and cryptocurrency like Bitcoin. The evaluation fee is refundable after you become a funded trader and there are no other fees. 

Users will receive the funds for their withdrawals within 14 days after the first trade is placed on their Funded Account, and then the profits will be paid once every 14 days. Withdrawals are processed immediately, however, it might take some time depending on your bank. The payment will be made in USDT.

Weighing the Pros and Cons

Pros Cons
  1. Multiple Challenge Types
  2. Fair Evaluation Parameters
  1. Lack of Transparency
  2. ScamAdviser Warning
  3. Negative Reviews
  4. Suspect Trustpilot Reviews

Can I Make Money While Trading Online?

To summarize this Clarity Traders review, let’s say a few words. While the company does seem to offer great features and account sizes, its reliability is under question due to a lack of transparency, suspiciously high reviews, and it was proclaimed as a HYIP website by ScamAdviser. 

You might have more luck in trying AI-powered tools to assist you on your trading journey. Besides working fast and efficiently, these tools are known for being the ultimate game-changer in the trading world. 

One of those tools is AI.Fundevity, an amazing all-knowing tool that will provide insightful recommendations, and all you need to know is how to implement them. Give us a call and try AI.F for 14 days for free and we promise you will never be able to trade without it. 

FAQ Section

What is Clarity Traders?

Clarity Traders is a prop firm offering funding opportunities to traders worldwide to manage capital and earn profits.

Is Clarity Traders Legit?

While they offer funding opportunities, there are concerns regarding transparency, negative reviews, and being labeled a potential HYIP website.

How to Withdraw Profit From Clarity Traders Account?

Withdrawals are processed in USDT currency within 14 days after the first trade, but negative comments suggest delays or issues with payouts.

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