EquityEdge Review – What Are The Problems Traders Can Recognize Here

EquityEdge, like many other prop firms, is registered in the United Kingdom. The ownership belongs to Equity Edge Analytics Ltd and the company is truly in the database of registered firms.

Traders should know that these companies are not required to have a license. Therefore, you have to watch out for the best prop firms around. To find out more, read this EquityEdge review carefully.

Introduction to EquityEdge

EquityEdge is a new prop trading firm that was just incorporated in November 2023. With this in mind, traders should primarily think about the reputation this company is gaining slowly. 

Nevertheless, with their attractive offers and cheap pricing structure, it’s clear they can easily compete with other prop trading firms. For instance, TradeGateHub or Bitbot which reviews we highly recommend you check. Once you know what all your options are, you will realize the advantages of the best ones around.

Community Feedback and Reviews

One of the things that can easily expose the company’s activities is the EquityEdge reviews. Whether you look at the Trustpilot comments or Reddit ones, the situation is the same. Many traders claim this firm is absolutely legit, but 10% of negative comments don’t share the same opinion.

In the end, since the company doesn’t need to be regulated, anything is possible. That’s why finding the right firms is a big deal nowadays. Now, this one is found in subreddit /scams, and that might be disturbing.

Trading Platforms and Tools Offered

Every feature traders are dreaming of can be used with Equity Edge prop firm, such as EAs, weekend positions, holding positions during news, and flexible conditions. On top of that, it’s all available on one of the most reliable platforms – MetaTrader 5. What else can you think of?

Also, the company announced they might be implementing cTrader and MatchTrader platforms soon. But we’ll leave that for now. The problem is generally that advanced features traders find are restricted when they start making money. So, it appears the goal is to make traders pay the fees and never reach fully funded accounts.

Customer Support Available

When it comes to support features, the company is quite conservative there. Even though they advertise 24/7 availability on Discord channel, you won’t find any other quick response options available, like phones or live chat. Instead, you can try sending a ticket via email or web contact form.

Pricing Structure and Fees

Overall, EquityEdge funded account offers look quite affordable. With the lowest option starting at $10, it’s quite easy to get new traders on board. Primarily because there’s no risk involved for them. 

If traders decide to continue their journey, they can opt between 1-step and 2-step phased evaluation processes. Logically, each of these brings different conditions and requirements.

1-Step Phase

One of the key benefits of EquityEdge trading is no limitation on the trading period. As long as you are not reaching the limits, you are good. 

In any case, you can opt for funding between $2.5k and $100k. Regardless of those options, you will have pretty much the same conditions. Starting with a 4% maximum daily loss and 6% maximum trailing loss, a 10% profit target, and a minimum of 2 trading days.

2-Step Phase

Two-step phases include the same conditions for both phases, except for the profit target. In the first stage, it will be 8% while in the second one, it’s lowered to 5%. 

On the positive side, the daily loss is raised to 5% while the overall maximum loss is 10%. However, regardless of the EquityEdge challenge you choose, the pricing has the same scaling between $10 and $577.

Comparison with Other Prop-Trading Firms

Even though the EquityEdge profit split goes up to 90%, it’s meaningless if you can’t get the payout. After all, that’s what traders are complaining about. On top of that, traders should be aware of potentially hidden conditions. The ones you won’t see before you start making money.

For instance, some prop firms claim that 50% of the profits need to be made within 2 trades. It’s nonsense that will easily limit your withdrawal potential. With this in mind, it’s not surprising firms like Funded Trading Plus have much better trust scores. Primarily because of higher transparency and overall better experience traders had.

Final Verdict: Is EquityEdge a Safe Choice for Traders?

Yes, traders want to trade without any risk and that’s why prop trading firms are quite solid solutions nowadays. But after you complete the EquityEdge login process and see yourself kicked out for some nonsense reason that’s not a good sign. Not to mention extremely high slippages and other issues traders reported.

Since it’s all practically free to sign up, we recommend you check Funded Trading Plus and explore all the features they offer. Once you get blown away with a number of advanced options, give it a shot. It surely can’t be worse than the experience with this firm. But if you are satisfied, make sure to share a good word about it like other successful traders.

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