Traders Launch Review: Is It a Launch of a Great Proprietary Firm?

In the industry of prop trading, Traders Launch presents itself as an option for traders looking to find possibilities within prop firms. To help traders decide whether or not to work with this proprietary trading firm, we examine the benefits and drawbacks in our comprehensive Traders Launch review. 

We’ll go over its main benefits, downsides, and general applicability, offering information to help traders decide if Traders Launch fits their trading goals and tastes. Find out more about their challenges, features, evaluation plans, and many more by reading on. Before you go, you can also check out PrismCapital. 

About Traders Launch

As soon as we visited the Traders Launch website, we noticed how it lacked important information and looked very blank and empty. Pretty much everything is bumped into one page, so you have to scroll down to see the programs or anything else you want to enquire about. Not very user-friendly in our opinion. 

Traders Launch is run by Max Thomas and Connor Holly, who are both full-time traders. The lack of information is concerning and the domain owner’s name is hidden on WHOIS. The domain, however, seems to be registered at 2155 E Warner Rd in Tempe, Arizona, United States. 

Even the trust score on ScamAdviser is low for this company. The website is so blank that it doesn’t offer any type of contact information, which is a huge red flag. Traders Launch didn’t impress us so far but we will give them the benefit of the doubt and hopefully, this will turn out to be a great proprietary company. 

Legal Information

Prop firms are usually not required to be regulated, however, that can depend on the nation you’re in. Some prop firms are licensed, which provides an additional level of security, but because they’re using their own capital instead of traders’ money, they are not required to be regulated. 

In this case, regulation falls onto the broker this firm is partnered with, which would be Interactive Brokers and T3 Global. Interactive Brokers is regulated by several reputable authorities, including the CFTC, ASIC, FCA, IIROC, SFC, NSE, BSE and FSA. 

Traders Launch Features

The evaluation accounts have no time limits. You get access to all index exchange-traded funds (ETFs) and 300–400 of the stock market’s most liquid stocks. The drawdown in the one-step review is determined by the account’s equity peak. It is dependent on your end-of-day balance on the two-step account. 

Your drawdown will match the evaluation’s drawdown type after you are funded. Right now, the prop firm just provides day trading. Spread trading, HFT methods, and other attempts to manipulate the system are not permitted.

Trading futures or forex is not possible when you’re trying out. If you do pass the evaluation, you will be allowed to trade futures only, and that has to be upon request. There is a huge lack of assets, so this company is not really suitable for traders of all types. 

When you are experimenting with ETFs, you receive 5x leverage. The prop company would probably have you trade index futures after you moved to a funded account rather than employing 5x leverage. Your purchasing power for stocks would remain intact.

Traders Launch Plans

There are 3 steps you need to complete for each account in addition to evaluation rules and goals. Step 1 requires a 6% profit target and not to hit a 6% max initial account balance loss and a 3% intraday loss. Step 2 requires a 4% profit target and not hit the same balance and intraday loss as Step 1. 

Step 3 is the last and after hitting the 6% target, you are moved to a live account. The benefit is that the daily stop loss doesn’t take away the account. As for account sizes and plans, read our points below: 

5k Plan

• Profit $300 on Step 1
• Profit $200 on Step 2
• $300 Max Balance Loss
• $150 Daily Loss Limit
• $300 Max Balance Loss
• $150 Daily Loss Limit

10k Plan

• Profit $600 on Step 1
• Profit $400 on Step 2
• $600 Max Balance Loss
• $300 Daily Loss Limit
• $600 Max Balance Loss
• $300 Daily Loss Limit 

25k Plan 

• Profit $1,500 on Step 1
• Profit $1,000 on Step 2
• $1,500 Max Balance Loss
• $750 Daily Loss Limit
• $1,500 Max Balance Loss
• $1,000 Daily Loss Limit 

50k Plan

• Profit $3,000 on Step 1
• Profit $2,000 on Step 2
• $3,000 Max Balance Loss
• $1,500 Daily Loss Limit
• $3,000 Max Balance Loss
• $1,500 Daily Loss Limit 

100k Plan

• Profit $6,000 on Step 1
• Profit $4,000 on Step 2
• $6,000 Max Balance Loss
• $3,000 Daily Loss Limit
• $6,000 Max Balance Loss
• $3,000 Daily Loss Limit 

Traders Share Their Experiences

We could find only 2 comments on Trustpilot about this company and both of them are favorable. However, Trustpilot considers many things not only traders’ comments, which is probably why the overall score is 3.8 with two 5-star reviews. 

The lack of reviews is concerning, especially if the company has been around for a longer time. However, in this instance, it could be possible that they didn’t attract that much attention, which is why they only have 2 comments. 

Either way, we suggest never relying solely on reviews because they can be fabricated to make it seem like the company is ideal when instead, they are unreliable to take your money. 

Deposits and Withdrawal Methods

The company uses Deel to pay withdrawals and you can start getting paid out once you hit 4% profit in the funded account stage. The available payment methods include Google Pay, Shop Pay, and credit cards. 

Once you make profits and reach a 4% profit target in the funded account, you can also request a payout. There is no max withdrawal like many firms will do to cap how much you can make. There are no fees for withdrawing your funds, however, your bank may impose one.  

Can I Make Money While Trading Online?

Prop trading launched in 2014 and it’s still difficult to find a reliable company. We suggest dealing with a broker like XTB Broker to ensure a safe trading environment and increase your profit chances. 

Traders Launch doesn’t seem like a benefit to traders and other firms offer much better conditions. Trading evolved as the years passed, which is why today you can find various tools that can help you become a more profitable trader. 

The year 2023 is almost at an end, and AI-powered tools are stronger than ever before. That includes our analysis bot AI.F as well. This potent program can change your trading experience and transform it into a pleasant one. And once you see what the bot can do, we promise you won’t see anything else. 

There are many abilities of this bot that make him the ultimate game-changer and we suggest you reach out immediately and one of our experts will show you what AI.F is all about. The best thing about this is you can try it for 14 days for free, without any commitment. Reach out now! 

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