The prop firm industry is highly competitive, with firms constantly vying for new business and trying to differentiate themselves from the competition. Many prop firms have been in the industry for a number of years and have developed a strong reputation for providing high-quality services. However, Traders with Edge is a newer firm that has been gaining traction in the market due to its innovative approach and cutting-edge technology.
Every forex trader, stock trader, or financial market trader is looking for ways to get bigger funding. Not everybody has the capital, but some have the skill yet lack the financial capital. For this reason, prop firms develop strong traction and demand because more and more people are informed and aware of what trading can bring to their life. With all the hype everywhere about trading, this gives a blessing in disguise to all trading firms including prop firms.
All prop firms have their strengths and weaknesses, but I believe that Traders with Edge is the better platform overall. Their technology is more advanced and allows clients to trade in a variety of markets, which gives them a competitive edge. They are also very customer-focused, making sure that their clients have everything they need to be successful. BluFX is a good firm, but I think that Traders with Edge is a step above the rest.
Which Prop Firm is Right for You?
When it comes to choosing a proprietary firm, it’s important to consider all facets of the company. Two firms that have recently made headlines in the trading industry are BluFX and Traders With Edge. One key factor to consider is competitiveness – BluFX offers competitive commissions and payment fees and offers very limited personal risk, while Traders With Edge offers competitive pricing for their challenge and instant funding accounts.
They also offer customization options for all their multiple accounts. In addition, they also offer wide variations of tradable assets. Affordability is another consideration, with Traders With Edge offering more affordable options for smaller starting balances and a flexible funding model with their customizations. Another aspect to look at is ease – with BluFX’s platform integration and personalized customer service, they make the trading process smoother for their clients. Traders With Edge also offers the same. A very fast and personalized customer service.
As you evaluate your choices for a proprietary firm, keep these features in mind and choose the one that best fits your individual needs.
A proprietary firm can be a lucrative business if you know what to look at. In this article, we will cover BluFX and Traders With Edge! Keep reading below as I break down their features so that when it comes time to make your decision easier on which company best suits YOUR needs.
BluFX Overview
When BluFX started in 2015, they were one of the first firms to offer its services through instant account funding with a subscription model. They have since gained attention within this industry for their business model. If you are a forex trader or any type of trader, You might consider this model as it is built for every trader, they have a simple set of rules with a subscription model.
Yu Song, founder of BluFX believes that it’s important to keep trading even if you aren’t the most talented trader because with time and experience comes success.
The idea behind their business model is to provide equal opportunities for all traders, regardless of their background or wealth.
They created a team with like-minded individuals, and they worked together to create an ecosystem that generated more value for both themselves as traders and those who employed them.
With BluFX, you cannot hold trades over weekends. They also do not allow the use of Expert Advisors (EAs) or signals for that matter–profits are split 50/50 while withdrawn funds must have at least 5%. The withdrawal request is submitted through the dashboard. What’s amazing is the max account size you can have after scaling is $1 Million. BluFX also offers competitive commissions and payment fees.
With regards to trading hours, it’s 24 hours a day. Unlike stocks and options where the trading hours are different, in forex, it’s 24 hours a day. Thus, BluFX offers 24 hours trading. Nevertheless, they don’t offer to hold over weekends. They have a BluFX lite account with a subscription fee of $106 a month while its BluFX pro account has a subscription fee of $267 a month.
Traders With Edge Overview
Traders with Edge offers an opportunity for more money or profit by letting traders handle larger amounts of capital with a very flexible account. They are one of the few companies that provide this service.
Because they want to offer the best possible service, they made sure that they have a very user-friendly trading platform with all the features and tools that forex traders need. If you are a forex trader or any type of trader, then this is totally for you. They also offer 24/5 customer support so that you can always get help when you need it.
Traders With Edge is a great choice for those who are looking for a firm that offers a competitive edge. They are also very customer-focused, making sure that their clients have everything they need to be successful.
They’re backed by a number of large private equity companies, who provide the funding for their traders. The board has an impressive track record in starting and growing successful businesses which gives confidence to their respective funded traders.
They want to provide education and funding so traders can quit their day job, which will change lives in the process.
Traders With Edge offers traders a variety of services to get them started in funded professional trading, with affordable and flexible options. This platform has proven very successful so far!
The best way to become a successful trader is by finding the challenge or account that’s right for you. Traders With Edge offers 1-phase 2 phases, and instant funding and trading accounts so there are options available no matter what your level of experience may be! You can also customize an existing challenge/instant funding account with ease if needed – it’ll fit like glove into any schedule because they take care of all those little details; literally down every last-minute detail so they’re ready when needed most
What do Traders With Edge and BluFX have in common?
Traders With Edge although offers more features, have commonalities with BluFX. These are the following resemblance of these two prop firms.
- Rapid Scaling – both offers Scaling options. Although Traders With Edge offers two options; Organic Scaling and Rapid Scaling with more flexible and easier targets.
- Allows News and Financial Market Trading
- Allows Trading FX and Commodities
- Risk management – Both have amazing risk management to allow traders to have a disciplined approach to trading. However, risk management is not the only priority of their rules. There are some important aspects like trading opposing positions, hedging, and many more that are rarely talked about.
Major comparison of Traders With Edge and BluFX
Now that we have covered the basics of what each company offers, let’s compare them side-by-side.
- Account Size and Scaling – Traders With Edge offers a much more flexible account size, with a maximum of $3 million after scaling. BluFX has a maximum trading account size of $1 Million
- Traders With Edge has 2-phase, 1-phase, and instant funding accounts with weekly withdrawals and biweekly withdrawals available while BluFX offers only Instant funding accounts with no timeframes set for growth or withdrawal targets.
- Profit share – Traders With Edge has profit sharing of 80% which is upgradable to 90% for their challenge accounts and 50% upgradable to 60% for their Instant funding Accounts. On the other hand, BluFX offers a 50% profit share.
- BluFX offers a monthly subscription fee
What makes Traders With Edge the best?
What makes Traders With Edge the best is the fact that they offer a much more flexible account size, with a maximum of $3 million after scaling. This means that traders have more relevant options when it comes to their account size, which gives them a competitive edge in the market. Not only that, they have different account options and types which will allow traders to find an easier trading account that will match their style and system.
Traders With Edge offers a variety of trading options so that no matter what your experience level may be, there’s an option for you. You can also customize existing challenge/instant accounts to fit into any schedule because they take care of all those little details; literally down every detail which makes them ready when needed most!
Some of the customizations you can add to your account are increasing your max drawdown, removing your daily loss limit, increasing profit split, removing required stop loss, changing your drawdown from trailing to static, doubling your leverage, and many more.
This is what makes Traders With Edge the best. They are not only thinking of giving mediocre service but they are passionate about providing the best possible programs for traders.
They also allow news trading, which is a great way to make money or profits in the market. They offer an 80/20 profit share, which is generous compared to other firms in the industry.
Their Challenge accounts are the most affordable on the market, starting at just $55. They offer discounts for buying multiple assets at once giving you a better payout and profit targets! Also allowing EAs, grid trading, and martingale.
The trading platform is intuitive and easy to use, allowing users the opportunity for both education as well challenge earning through their website or app. In addition, they have an active community where members can exchange points and redeem rewards like purchasing accounts for points.
They are also backed by several large private equity companies, who provide the funding for their traders. This gives confidence to their respective funded traders and allows them to trade with confidence.
They want to provide education and funding so traders can quit their day job, which will change lives in the process. They are one of the few platforms that offer this service, making them the best choice for those who are looking for a firm that offers a competitive edge. They are also very customer-focused, making sure that their clients have everything they need to be successful.
So what are you waiting for? Get started with Traders With Edge today and see how easy it is to become a successful trader!
Conclusion
Both BluFX and Traders With Edge are excellent platforms for professional trading, but there are a few reasons why Traders With Edge is the better platform. First, they are offering a bunch of unique features that other prop firms are not offering. These features include news and financial market trading, 80/20 profit share, and discounts for buying multiple assets at once.
Secondly, traders with edge use a disciplined and analytical approach to trading. They have very flexible evaluation accounts that are suitable for all types of traders. This allows traders to find the account that best matches their trading style and system.
Finally, Traders With Edge has an active community where different traders engaged and share unique stories and experiences. Also, they offer excellent customer service which is very important for any prop firm. In conclusion, Traders With Edge is the better choice because of the focus on features, services, and community they offer.
There are many reasons why Traders With Edge is the better platform when compared to BluFX. First, they offer unique features that other prop firms do not provide. Secondly, traders with edge use a focused, disciplined and analytical approach to trading which gives them a competitive edge in the market. Finally, they have an active community where different traders can share their experiences, and strategies and engage in discussions. In conclusion, Traders With Edge is the better choice because of the features, services, and community they offer. When you read this article, it’s a sign that you should check this prop firm out.
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