Leveled Up Society vs The Funded Trader

Incorporation 🏁
Leveled Up Society
April 2021
The Funded Trader
May 2021
Pros ✅
Leveled Up Society
- Account balance up to $1,000,000 with boundless evaluation retries - Profit shares of 80% to 90% with fortnightly distributions - Open positions permitted overnight and on weekends - Account scaling features with 1:100 leverage - Comprehensive trading assets: forex, commodities, and more.
The Funded Trader
- $600,000 standard balance, four funding options - 1:200 leverage with 80-90% profit splits - Stellar 4.7/5 Trustpilot from 5k reviews - Unlimited free evaluation retries - Scaling up to $1,500,000; overnight and news trading allowed - Comprehensive trading tools including forex and cryptocurrencies.
Cons ❌
Leveled Up Society
- Trailing drawdown for single-step accounts - Martingale tactic is off-limits - Restrictions on news-based trading
The Funded Trader
- No free trial (as of now) - Customer support, while trustworthy, is slow - Trailing drawdown (in Knight's challenge)
Rules 📋
Leveled Up Society
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No Martingale Allowed, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
The Funded Trader
Lot Size Limit, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No EAs Allowed, No Martingale Allowed, Profit Target, Third Party Copy Trading Risk
Deposit 🏧
Leveled Up Society
Credit/debit cards, Crypto
The Funded Trader
Credit/debit cards, Crypto
Withdrawal 💰
Leveled Up Society
Deel
The Funded Trader
Crypto, Deel
Account Size 🪙
Leveled Up Society
"$10,000 USD", "$100,000 USD", "$200,000 USD", "$25,000 USD", "$50,000 USD"
The Funded Trader
"$10,000 USD", "$100,000 USD", "$200,000 USD", "$25,000 USD", "$300,000 USD", "$400,000 USD", "$5,000 USD", "$50,000 USD"
Instruments 📈
Leveled Up Society
Commodities, Crypto, Forex, Indices, Metals
The Funded Trader
Commodities, Crypto, Forex, Indices
Currencies 💱
Leveled Up Society
USD
The Funded Trader
USD

Funding Opportunities and Profit Sharing

When choosing between Leveled Up Society and The Funded Trader, traders are greeted with robust funding opportunities. Leveled Up Society offers account balances up to an impressive $1,000,000, giving high-capacity traders the room they need to maneuver. Coupled with this is an attractive profit share percentage that ranges from 80% to 90%, with the additional benefit of fortnightly distributions which incentivizes consistent profitability. On the flip side, The Funded Trader starts traders off with a $600,000 standard balance across four distinct funding options. The profit split remains competitive, matching Leveled Up Society's 80-90% framework. However, it potentially outshines with a unique offering to scale even higher up to $1,500,000. This threshold, paired with the firm’s stellar 4.7/5 Trustpilot rating from over 5,000 reviews, shows a strong vote of confidence from the trading community.

Leverage and Trading Conditions

Leveled Up Society provides traders with 1:100 leverage which is fairly standard in the industry, ensuring traders have the ability to take meaningful positions without overextending risk. Traders also benefit from the convenience of having their positions open overnight and during weekends— a crucial flexibility for longer-term trading strategies. The Funded Trader takes the leverage offering a notch higher, providing an impressive 1:200 leverage option. This amplifies a trader's ability to capitalize on small market movements. Additionally, this platform resonates with traders who appreciate the freedom to trade during news events and the accommodation for overnight position holding.

Account Management and Trading Tools

Both firms boast comprehensive trading assets, ranging from forex to commodities. Leveled Up Society further includes cryptocurrencies, indices, and metals in its offerings, which appeals to a broader spectrum of traders interested in a diverse portfolio. The Funded Trader also offers trading across commodities, crypto, forex, and indices, yet it's their extensive trading tools that might sway tech-focused traders. Access to a wide array of tools can be pivotal in crafting and executing sophisticated trading strategies.

Trading Rules and Restrictions

Leveled Up Society and The Funded Trader impose trading rules that investors must understand and adapt to. Leveled Up Society’s notable rules, such as no martingale strategies, no news trading, and required minimum trading days, could curb aggressive trading but are designed to promote risk management. Similarly, The Funded Trader enforces lot size limits, maximum trading days, and a prohibition on Expert Advisors (EAs). These rules can be seen as guidance to foster sustainable trading behavior.

Deposits, Withdrawals, and Financial Convenience

Both entities provide modern deposit methods with credit/debit cards and cryptocurrencies. As for withdrawals, Leveled Up Society primarily utilizes Deel, a global payments platform, while The Funded Trader offers both crypto and Deel options.

Accessibility and Client Service

Accessibility-wise, both firms offer a range of account sizes suitable for varying levels of trader experience and risk tolerance. However, where The Funded Trader falters is in its client service speed, despite being reliable, and the lack of a free trial offering might deter new traders from committing without testing the waters.

Conclusion

In summary, both Leveled Up Society and The Funded Trader bring ample opportunity to the ambitious retail trader. While Leveled Up Society provides straightforward and inviting terms for significant account balances and profit sharing, The Funded Trader’s stellar reputation and expansive potential for scaling beckon to those looking to grow beyond initial expectations. The deciding factor for traders may well come down to the specific trading rules each firm enforces and how well these align with their individual trading strategies and risk management philosophies.