DesireToTrade Review: A Deep Look Into the Hong Kong-based Prop Firm
In today’s modern age, there are a variety of tools and firms you can partner with to aid you in overcoming the difficult financial market. One of those firms are popular prop companies where you can trade using the broker’s money and not your own. While that sounds risk-free, it isn’t because of the leveraged trading.
That brings us to our DesireToTrade review, a prop firm that has been recently established by Etienne Crete. Keep reading to learn all about the company and its features, and don’t forget to check our AmazingTick evaluation.
Who Is DesireToTrade?
Etienne Crete has an interesting story. Since 2018, his goal has been to become a profitable trader who will be able to share his knowledge with the world. After getting familiar with forex trading, he opened up his first account and became a profitable trader. Ever since, his goal has been clear; share the knowledge and help others boost their chances of profits.
Prop Account LLC is an associate of DesireToTrade. Prop Account provides and pays for all funding assessments and fees. You will need to sign a trading agreement with Prop Account LLC if you are approved for a Funded Account. Desire to Trade LTD offers trading education and other related services.
|Desire To Trade LTD, Prop Account LLC
|Financial Authorities Warnings
|If Active on Social Media:
|United States, India, United Kingdom, Canada, Australia
|Various Educational Material
Regulatory oversight is usually not expected with prop firms, although some do offer it. In this instance, the regulation falls onto the brokerage the prop firm is using. Desire to Trade uses a couple of them, including Oanda, FXCM, Pepperstone, and Questrade.
Additionally, they offer an account with AxiTrader, mainly for algo trading. Oanda is regulated by the BVI Financial Services Commission, FXCM is regulated by the FCA, Pepperstone is regulated by ASIC, and Questrade is a member of IIROC and CIPF.
Overall, all brokers that this prop firm is using are regulated and some by reputable authorities. We can safely say that Desire to Trade is a reliable company using reliable brokers.
This prop firm was primarily established as an educational platform because like we said at the beginning, Etienne’s goal was to share his knowledge with other traders to help them become successful. After a while, from an educational-type platform, Desire To Trade prop firm was born.
Now there are numerous videos, interviews, tutorials, blogs, and podcasts you can watch and learn more about the financial markets. In addition to being a prop firm, they are also some sort of an academy due to the variety of educational material offered on desiretotrade.com.
The Desire To Trade Podcast is the #1 Forex trading podcast aiming to help aspiring traders build their skills and eventually build a life of freedom. However, it appears that he is doing a little more with his “interviews” and DesireToTrade podcast than just giving the audience educational content.
|TradingView Pro, MT4, TradingView, FxTrade
|25k, 50k, 100k, 200k
|Financial Instruments On Offer
|Education or Extra tools
|Podcasts, Blogs, Academy
Is DesireToTrade Safe?
DesireToTrade is partnered with several regulated brokers. Reputable authorities like ASIC, FCA, and IIROC provide regulatory oversight to those brokerage companies, indicating security while trading with them. Additionally, there are certain levels of protection the firm offers to avoid getting hacked.
Overall, this prop firm is considered safe and reliable, however, it may not be suited for some traders. It’s important to be aware of potential risks despite not trading with your own money. Make sure to always do a deep research of the company you plan on using before it becomes too late.
Traders Share Their Experiences
There are 57 comments for this prop firm on Trustpilot, giving them an overall score of 4.5 stars. While the majority of these comments are favorable and speak well, there are still some traders who experienced issues while using this company. Some of the 7% of unfavorable reviews complain how the $600 membership for life is not worth it.
Others think that the courses are not at all beneficial and that you can learn everything yourself online. It seems like the majority of traders use this company as an academy instead of a prop firm, so it’s difficult to navigate the platform to determine how they do as a prop company.
Plans and Payment Options
The only accepted payment method seems to be a credit or debit card. Besides the opportunity to get funded, you can also purchase membership options and courses to learn how to trade. While passing the challenge is not guaranteed, Desire to Trade will teach you how to pass it.
There are two programs to choose from, one being a lifetime membership of $997 and the other includes the same thing except you will be charged two times $499, and that is with a discount. When you calculate it, it seems for a one-time charge, you only get discounted $3.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
In the end, it’s important to conduct research before committing to any company or platform. Besides confirming that the firm you plan on using will suit your trading preferences, you need to make sure the firm is legit and that you won’t waste any time. Avoid using brokers like ExorCompany.
That said, we recommend reaching out because our AI analysis bot is not only legit but also effective. With the ability to process billions of data points, it can provide insightful recommendations in no time.
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What is DesireToTrade?
DesireToTRADE is a blog and prop firm founded by Etienne Crete in 2021.
Is DesireToTrade Legit?
Yes, DesireToTrade is a legitimate business with good client feedback.
Can I Make Money From Proprietary Trading?
Sure, proprietary trading has the potential to be profitable, but it also carries a high risk and necessitates a thorough understanding of the financial markets.