Equity Edge Review
In the dynamic world of proprietary trading, Equity Edge has emerged as a notable firm, capturing the attention of both aspiring and seasoned traders. Prop trading, or proprietary trading, continues to surge in popularity as traders seek opportunities to leverage a firm’s capital and resources to amplify their profits. In this comprehensive Equity Edge review, we delve into Equity Edge, providing an unbiased analysis of their offerings, structure, and overall suitability for traders. Our goal is to help you determine if Equity Edge aligns with your trading style, risk tolerance, and financial goals.
This article serves as your guide to understanding Equity Edge’s strengths and weaknesses. We will explore every facet of their operation, from Equity Edge challenge types and account sizes to profit splits and customer support. By the end of this review, you will have a clear picture of what Equity Edge offers and whether it’s the right prop trading firm for you.
Who is Equity Edge?
Equity Edge is a proprietary trading firm that provides traders with the capital and resources necessary to trade various financial markets. The firm aims to empower traders by offering them a platform to showcase their skills and generate profits without risking their own capital. Equity Edge positions itself as a partner to its traders, providing support, education, and technology to foster success.
Equity Edge’s mission revolves around creating a supportive and transparent environment where traders can thrive. Their values often emphasize integrity, innovation, and trader development. While specific historical achievements may vary, Equity Edge typically highlights the success stories of its traders and the continuous improvements to its platform and services. Understanding the firm’s background is crucial in evaluating whether their approach resonates with your trading philosophy.
Navigating the Labyrinth: Equity Edge Challenge Types
Equity Edge, like many prop firms, uses challenges to assess a trader’s capabilities and risk management skills. These challenges serve as a gateway to accessing the firm’s capital. Equity Edge typically offers different Equity Edge challenge types, each with its own set of rules and requirements.
2-Step Legacy Evaluation
- Account Sizes and Prices:
$2,500 – $23 | $5,000 – $29 | $10,000 – $54 | $25,000 – $139 | $50,000 – $269 | $100,000 – $499 - Phase 1: 10% profit target
- Phase 2: 5% profit target
1-Step Legacy Evaluation
- Account Sizes and Prices:
$2,500 – $22 | $5,000 – $27 | $10,000 – $50 | $25,000 – $119 | $50,000 – $259 | $100,000 – $489 - Profit Target: 10% profit target
2-Step Swift Evaluation
- Account Sizes and Prices:
$2,500 – $16 | $5,000 – $20 | $10,000 – $42 | $25,000 – $129 | $50,000 – $249 | $100,000 – $429 - Phase 1: 8% profit target
- Phase 2: 5% profit target
1-Step Swift Evaluation
- Account Sizes and Prices:
$2,500 – $14 | $5,000 – $18 | $10,000 – $39 | $25,000 – $109 | $50,000 – $239 | $100,000 – $379 - Profit Target: 8% profit target
Instant Funded Account
- Account Sizes and Prices: $2,500 – $22 | $5,000 – $45.1 | $10,000 – $68.2 | $25,000 – $137.5 | $50,000 – $159.28 | $100,000 – $276.98 | $200,000 – $550
Equity Edge Review: Equity Edge Commission Fees
Equity Edge’s commission structure involves fees per round lot traded, which vary depending on the account type. For traders utilizing the 1-Step and 2-Step accounts, a commission of $3 is applied for each round lot traded across all asset classes. This fee provides a straightforward cost structure for these account types, allowing traders to easily calculate their trading expenses. However, it’s important to note that trading indices is exempt from these commission fees, offering a cost-effective option for those focusing on index trading strategies.
In contrast, the Instant accounts incur a higher commission fee of $6 per round lot traded across all asset classes. Similar to the 1-Step and 2-Step accounts, this fee applies to all asset classes except for indices, which remain commission-free. The higher commission on Instant accounts reflects the different features and benefits associated with these accounts, such as instant funding and potentially different trading conditions. Traders should carefully consider these commission fees when selecting an account type to ensure it aligns with their trading style and profitability goals.
