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At A Glance:

Capital Access: Textrades provides traders with access to significant funding opportunities, offering accounts as large as $500,000. This robust capital allocation allows traders to develop and execute their strategies without risking personal funds, enabling them to focus on achieving consistent results in live market conditions.
Profit Split: With one of the most attractive payout structures in the industry, Textrades ensures traders keep up to 90% of their profits. This industry-leading profit split rewards traders for their skills and dedication, making it an excellent choice for those seeking to maximize their earnings potential.
Instruments: Traders enjoy a diverse range of instruments to trade, including Forex, indices, commodities, stocks, and cryptocurrencies. This variety caters to different trading styles and strategies, from short-term scalping to long-term swing trading, providing flexibility and opportunities for all types of traders.
Reputation: Textrades has built a strong reputation for its transparency, fair evaluation process, and trader-friendly environment. The firm’s commitment to offering no time limits, realistic profit targets, and flexible trading conditions has made it a trusted platform for both novice and experienced traders worldwide.

 

Pros
  • Generous Funding Options
    • Traders can access account sizes up to $500,000, providing ample resources to trade without personal financial risk.
  • No Time Limits
    • The absence of deadlines allows traders to complete evaluations at their own pace, reducing unnecessary pressure.
  • High Profit Split
    • Earn up to 90% of profits, one of the most competitive payout structures in the industry.
  • Flexible Trading Conditions
    • Allows for discretionary, algorithmic, and news trading. Weekend and overnight trading are also supported, accommodating various strategies.
  • Risk-Free Evaluation
    • The evaluation process is conducted on demo accounts, eliminating financial risk for participants.
  • Express Challenge Option
    • Provides fast-tracked access to live funds for confident and experienced traders.
  • Realistic Profit Targets
    • Profit goals (8% in Phase 1, 5% in Phase 2) are achievable compared to competitors.
  • Global Accessibility
    • Open to traders worldwide with no restrictions on trading location.
  • Comprehensive Instruments
    • Trade Forex, indices, commodities, stocks, and cryptocurrencies, offering diverse opportunities.
  • Structured Risk Management
    • Enforces clear risk limits (e.g., 5% maximum daily loss) to promote disciplined trading.
Cons
  • High Fees for Larger Accounts
    • Entry fees for higher account sizes can be steep (e.g., $1,980 for $500,000 Standard Challenge and $1,460 for $300,000 Express Challenge).
  • Leverage Limitations
    • The Express Challenge has lower leverage (1:30) compared to the Standard Challenge (1:50 to 1:100), which may not suit high-frequency strategies.
  • Strict Lot Size Rules
    • Maximum open lot restrictions may limit scalability for some aggressive trading strategies.
  • No High-Frequency Trading (HFT)
    • Prohibits HFT, potentially restricting some algorithmic traders.
  • Evaluation Costs Add Up
    • Failing an evaluation phase requires traders to repurchase the program, which can increase overall costs.
  • Eligibility Restrictions
    • Traders from OFAC-sanctioned countries or those with financial crime histories are excluded.
  • KYC Requirements
    • Mandatory identity verification might deter those seeking anonymity.
  • Evaluation Periods for Beginners
    • Although there’s no time limit, beginners may find the structured evaluation process challenging to navigate initially.
  • No Free Retakes
    • Unlike some competitors, Textrades does not offer free retakes for failing an evaluation stage.

Introduction to Textrades

Textrades has emerged as a leading proprietary trading firm in the United States, offering a groundbreaking platform for traders seeking to demonstrate their skills and access substantial funding without risking personal capital. With its trader-centric approach, Textrades provides a flexible, transparent, and rewarding environment tailored to meet the needs of both experienced and aspiring traders. At its core, Textrades strives to redefine the prop trading industry by eliminating traditional barriers that hinder traders’ growth. Its unique model prioritizes accessibility, fairness, and innovation, making it an ideal choice for individuals ready to showcase their expertise in live market conditions. Whether you’re a seasoned professional or a newcomer aiming to break into the trading world, Textrades offers a pathway to unlock your potential.

Why Textrades Stands Out

Textrades is more than just a prop trading firm—it’s a comprehensive ecosystem designed to nurture trading talent. Here are the features that set it apart:

  • Generous Funding Opportunities: Traders can qualify for accounts of up to $500,000, allowing them to manage significant capital while focusing on strategy.
  • No Time Constraints: Textrades removes the stress of deadlines, enabling traders to progress through evaluations at their own pace.
  • Industry-Leading Profit Split: With payouts of up to 90%, Textrades ensures that traders retain the majority of their hard-earned profits.
  • Live Market Transparency: The firm offers real-time market conditions during evaluations, fostering a realistic trading experience.

A Vision for Empowerment

Textrades was founded on the principle of empowering traders by creating a supportive and risk-free environment. Through features like risk-free evaluations, unrestricted trading strategies, and access to global markets, the firm addresses common challenges such as undercapitalization, financial pressure, and the fear of losing personal funds. By doing so, Textrades allows traders to focus solely on developing and refining their trading skills. The Textrades model is not just about funding; it’s about building a community of skilled traders who can thrive without the constraints of traditional trading risks. With a structured yet flexible evaluation process, Textrades ensures fairness and accessibility, helping traders transition from potential to professional success. Whether you aim to trade Forex, indices, commodities, or cryptocurrencies, Textrades opens the door to opportunity, offering robust support and substantial rewards for those who are ready to excel.

Textrades Challenges

Textrades offers two main funding options:

  1. The Standard Challenge – A two-step evaluation program.
  2. The Express Challenge – A direct-to-funds program for traders ready to trade live without evaluations.

Let’s explore both in detail:

1. The Standard Challenge

This challenge is perfect for traders ready to demonstrate their skills in a structured evaluation. It involves two phases that test your trading ability in Forex, CFDs, or commodities, with account sizes ranging from $5,000 to $500,000. Key Features of the Standard Challenge:

  • Account Sizes & Fees:
    • $5,000 -> $60
    • $10,000 -> $120
    • $25,000 -> $190
    • $50,000 -> $280
    • $100,000 -> $480
    • $200,000 -> $930
    • $500,000 -> $1,980
  • Trading Rules & Requirements:
    • Leverage: 1:100 – High leverage for flexible trading strategies.
    • Minimum Trading Days: 5 days – Enough time to showcase consistent performance.
    • No Maximum Time Limit – Trade at your own pace.
    • Profit Targets:
      • Phase 1: 8% profit target.
      • Phase 2: 5% profit target.
    • Risk Management:
      • Maximum Daily Loss: 5%.
      • Maximum Loss: 10%.
    • Profit Split: Earn 80% of profits, keeping most of what you make.
  • Flexible Trading Conditions:
    • Expert Advisors (EAs): Allowed.
    • Scalping: Permitted.
    • Stop Loss: Not required.
    • News Trading: Allowed.

This program ensures traders have a fair and flexible environment to achieve funding and grow.

2. The Express Challenge

For professional traders who want to skip evaluations and start trading live funds immediately, the Express Challenge is a perfect fit. It’s a fast-track option that provides instant access to trading real funds while maintaining a structured risk management framework. Key Features of the Express Challenge:

  • Account Sizes & Fees:
    • $5,000 -> $70
    • $10,000 -> $120
    • $25,000 -> $220
    • $50,000 -> $290
    • $100,000 -> $490
    • $300,000 -> $1,460
  • Trading Rules & Requirements:
    • Leverage: 1:60 – Moderate leverage for professional trading.
    • Minimum Trading Days: None – Start earning immediately.
    • No Maximum Time Limit – No pressure, trade at your own pace.
    • Profit Targets: 10% profit target.
    • Risk Management:
      • Maximum Daily Loss: 5%.
      • Maximum Loss: 8%.
    • Profit Split: 80/20 – Keep the lion’s share of your profits.
  • Flexible Trading Conditions:
    • Expert Advisors (EAs): Allowed.
    • Scalping: Permitted.
    • Stop Loss: Not required.
    • News Trading: Allowed.

This program is designed for traders who are confident in their skills and ready to start generating profits without delay.

Textrades Evaluation Process

The Textrades evaluation process is designed to identify skilled and disciplined traders while providing a clear and achievable path to securing funded accounts. Whether you’re a beginner or a seasoned trader, the evaluation ensures fairness and transparency, offering realistic goals without unnecessary pressure.

Step 1: The Challenge Phase

The Challenge phase is the initial step in the evaluation process. In this stage, traders are required to achieve a specific profit target while following clearly defined rules. Key Features of the Challenge Phase:

  • Purpose: Demonstrate your trading skills and discipline.
  • Profit Target: Reach the profit goal set by the firm.
  • Adherence to Rules: Maintain risk management limits, including maximum daily loss and overall account loss limits.
  • No Time Pressure: Traders can complete this phase at their own pace, as there is no time limit.

Once you successfully meet all trading objectives and showcase consistent performance, Textrades will provide your Phase 2 account within 24 hours, allowing you to move to the next stage in the journey. For those opting for the Express Challenge, this step is skipped entirely, enabling traders to jump straight into live trading.

Step 2: The Verification Phase

After completing the Challenge phase, traders proceed to the Verification phase, which serves as a validation of their trading abilities. Key Features of the Verification Phase:

  • Purpose: Confirm your skills and ability to sustain profitable trading.
  • Profit Target: A slightly lower profit goal than the Challenge phase, ensuring a smoother progression.
  • Strict Rule Compliance: Continue to adhere to the risk management rules.

Once all objectives are achieved and your performance is validated, you will receive a funded account within 24 hours. This account marks the beginning of your professional trading career with Textrades.

Step 3: Becoming a Textrader

Reaching this stage means you’ve officially joined Textrades as a funded trader. Congratulations! As a Textrader, you are now part of the proprietary trading team and eligible to manage a funded account. Your performance and discipline will determine your ongoing success.

Advantages of Using Textrades

Textrades offers a host of benefits that set it apart as a leading proprietary trading firm. From its profit-sharing model to unparalleled trading flexibility, here’s a detailed breakdown of the advantages traders can enjoy with Textrades:

1. Generous Profit Split: Maximize Your Earnings

Textrades stands out with its industry-leading profit-sharing model, allowing traders to earn up to 90% of their profits. This high payout structure ensures that skilled traders are adequately rewarded for their expertise and efforts, making it one of the most lucrative profit splits in the proprietary trading industry. Whether you’re an experienced trader or just starting, this competitive advantage directly impacts your earnings, making every trade a significant step toward financial success.

2. Comprehensive Risk Management Support

Maintaining proper risk management is vital in trading, and Textrades ensures that all traders adopt a professional approach to risk control. Here’s how Textrades fosters responsible trading:

  • Daily Risk Limits: Guidelines for maximum daily and overall account losses keep traders on track and prevent overexposure.
  • Lot Size Restrictions: Maximum open lot sizes vary based on account size to ensure a balanced risk-reward ratio.
  • Structured Evaluation Process: Risk management is integrated into the evaluation stages, training traders to maintain discipline before trading funded accounts.

By focusing on risk management, Textrades helps traders develop habits essential for long-term success.

3. Consistent Performance is Rewarded

Textrades recognizes the importance of consistency in trading. Successful traders who meet profit targets and adhere to rules can enjoy seamless access to funded accounts. Here’s why consistent performance matters:

  • Stability in Funded Status: Maintaining disciplined trading practices allows traders to retain their funded accounts indefinitely.
  • Continuous Growth Opportunities: Consistency opens doors to larger account sizes and better profit opportunities, encouraging professional growth.

This approach ensures that traders who remain disciplined are continuously rewarded with opportunities to scale up their trading potential.

4. Unmatched Trading Flexibility

Textrades empowers traders with a flexible environment, accommodating diverse strategies and schedules. Key flexibility features include:

  • Global Access: Trade from anywhere in the world without restrictions, offering complete freedom to work remotely.
  • Unrestricted Strategies: Textrades supports a wide range of trading styles, including scalping, swing trading, and algorithmic strategies.
  • No Time Limits: Unlike many competitors, Textrades eliminates time pressure during the evaluation process, allowing traders to progress at their own pace.

Whether you’re a short-term scalper or a long-term swing trader, Textrades provides the tools and freedom needed to execute your preferred strategy effectively.

5. Transparent and Fair Evaluation Process

Textrades employs a two-step evaluation process that balances thorough assessment with fairness. Advantages of this system include:

  • Realistic Profit Targets: Profit goals are achievable, ensuring traders can succeed without unnecessary pressure.
  • Risk-Free Demo Accounts: Evaluations are conducted using virtual capital, minimizing financial risks for participants.
  • Express Challenge Option: For experienced traders, the Express Challenge allows skipping the evaluation process and going directly to live trading.

This structured approach ensures that traders of all skill levels have a fair chance of qualifying for funded accounts.

6. Generous Trading Conditions

Textrades provides favorable trading conditions that cater to both new and experienced traders:

  • High Leverage Options: Traders can use leverage of up to 1:100, enabling them to capitalize on smaller market movements.
  • Weekend Trading: Positions can be held over the weekend, accommodating longer-term strategies.
  • News Trading Allowed: Textrades imposes no restrictions during news releases, allowing traders to take advantage of market volatility.

These conditions make Textrades a versatile choice for traders who value freedom and adaptability in their trading environment.

7. Advanced Technology and Market Access

Textrades ensures a smooth trading experience by utilizing advanced tools and the MetaTrader platform, known for its powerful tools and user-friendly interface:

  • Live Market Conditions: Access real-time market environments for transparent and accurate trading.
  • Diverse Trading Instruments: Choose from Forex, indices, commodities, stocks, and cryptocurrencies to match your trading style.

With this reliable technology, Textrades allows traders to concentrate on improving their strategies without worrying about platform constraints.

8. Focus on Trader Success

Textrades is dedicated to supporting traders’ growth and success:

  • No Financial Risk: Traders don’t risk personal funds during the evaluation stages.
  • Profit-Driven Structure: With no hidden fees and a focus on profit sharing, Textrades aligns its success with the success of its traders.
  • Accessible for All: Open to traders worldwide, Textrades provides opportunities for individuals of all backgrounds to showcase their trading skills.

By removing common barriers like undercapitalization and financial risk, Textrades creates a nurturing environment for traders to thrive.

What We Think About Textrades

Textrades has quickly established itself as a highly competitive and trader-friendly prop firm, offering two main funding options designed to cater to traders with different levels of experience and risk tolerance. Whether you’re a seasoned professional or a beginner looking to break into the trading world, Textrades presents a variety of advantages that make it stand out from the competition. Here’s an in-depth look at why Textrades is a top choice for traders worldwide.

The Textrades Challenges: Flexibility and Opportunity

Textrades offers two distinct funding programs: the Standard Challenge and the Express Challenge. Each program is structured to help traders reach their goals, offering flexible paths to funded accounts depending on individual needs and skill levels.

  1. The Standard Challenge is ideal for traders who want to demonstrate their skills through a structured evaluation. This challenge features a two-step process, with reasonable profit targets (8% in Phase 1 and 5% in Phase 2) and a focus on consistency and risk management. The account sizes range from $5,000 to $500,000, giving traders flexibility to scale according to their trading abilities. With high leverage options (up to 1:100) and an allowance for various trading strategies, including scalping and news trading, this program accommodates a wide range of trading styles.
  2. The Express Challenge caters to experienced traders who are confident in their abilities and wish to bypass the evaluation process. This fast-track program offers direct access to live funds and a more streamlined approach to achieving profitability. With an account size range from $5,000 to $300,000, it provides immediate opportunities for traders to begin live trading with a 10% profit target and a focus on solid risk management.

What We Like About Textrades

There are numerous advantages to choosing Textrades, and here are the key factors that set it apart:

1. Generous Profit Split: Maximize Your Earnings

Textrades offers one of the most lucrative profit-sharing models in the industry, allowing traders to earn up to 90% of their profits. This high payout structure ensures that skilled traders are rewarded fairly for their success. The more you trade successfully, the greater your earnings, making this one of the best profit-sharing schemes available in the proprietary trading world.

2. Comprehensive Risk Management Support

Risk management is critical to success in trading, and Textrades has built its evaluation processes around promoting responsible risk control. The firm enforces daily and overall loss limits, ensuring that traders don’t take excessive risks that could endanger their account balance. These structured limits, coupled with trading rules like no mandatory stop-loss requirements and the freedom to use Expert Advisors (EAs), help traders protect their capital and build sustainable, long-term success.

3. Consistent Performance is Rewarded

Textrades places a strong emphasis on trading consistency, rewarding traders who demonstrate discipline and adhere to their risk management guidelines. Achieving the profit targets and maintaining consistency allows traders to retain their funded accounts indefinitely, providing them with the potential for continuous growth. Moreover, traders can increase their account size over time as they continue to show consistent performance.

4. Unmatched Trading Flexibility

Flexibility is a cornerstone of the Textrades model. The firm supports a range of trading strategies, from scalping and day trading to swing trading and automated systems. There are no restrictions on the strategies you can use, and no time limits for the evaluation process, allowing traders to operate at their own pace. This level of flexibility gives traders the autonomy to trade according to their preferred style, whether they’re operating in short-term markets or holding positions longer.

5. Fair and Transparent Evaluation Process

Textrades prides itself on providing a transparent and realistic evaluation process. Whether you’re participating in the Standard Challenge or going straight into live trading with the Express Challenge, the firm ensures that the profit targets are achievable and the rules are clear. This fair structure ensures that traders aren’t under excessive pressure, and they have enough time to prove their capabilities. For traders seeking an even faster route, the Express Challenge option allows skipping the entire evaluation phase and moving straight to real trading.

6. Generous Trading Conditions

Textrades offers trading conditions that are attractive to both beginners and experienced traders alike. High leverage options (up to 1:100) are available, making it easier to capitalize on small market movements, while weekend trading and news trading are allowed, further enhancing the flexibility. These favorable conditions create an environment where traders can optimize their strategies without worrying about rigid restrictions.

7. Access to Advanced Trading Technology and Market Instruments

Textrades provides its traders with access to advanced technology and a wide variety of trading instruments, including Forex, indices, commodities, stocks, and cryptocurrencies. This diverse array of instruments allows traders to capitalize on various market conditions and create diversified portfolios. Furthermore, Textrades’ platform operates in real-time market conditions, offering full transparency and reliability.

8. Focus on Trader Success

What truly stands out about Textrades is its commitment to supporting traders in their journey toward financial success. The firm removes the typical barriers faced by retail traders, such as the need for large initial capital or personal financial risk. During the evaluation phases, traders use demo accounts, which allows them to prove their skills without risking their own money. Once funded, traders benefit from a profit-driven structure that aligns the success of the firm with that of the traders.

Final Thoughts

Overall, Textrades is a comprehensive and flexible proprietary trading firm that offers a robust platform for traders of all levels. Whether you’re a seasoned professional looking to access live funds immediately or a newer trader eager to prove your skills, Textrades offers a program that fits your needs. With favorable trading conditions, transparent evaluation processes, and a generous profit-sharing model, Textrades sets the bar high for what a prop trading firm should provide. For those ready to take their trading career to the next level, Textrades offers the tools, resources, and support needed to succeed and grow.

Frequently Asked Questions (FAQ)

How do I start?

Before taking on the TEXTRADES Challenge, it’s important to understand the process. After signing up, you can start the TEXTRADES Challenge immediately, but we recommend beginning with the Free Trial. This is a cost-free version of the challenge designed for practice, and you can take it multiple times. Once you feel prepared, you can proceed to the TEXTRADES Challenge. Please note that results from the Free Trial or other external records do not qualify you for a TEXTRADES Account. The Evaluation Process will assess your trading skills for managing a TEXTRADES Account.

What is TEXTRADES?

TEXTRADES is a prop trading firm that provides traders with the opportunity to manage virtual funds in a simulated trading environment. By successfully passing our 2-step Evaluation Process (TEXTRADES Challenge and Verification), traders can qualify to manage a TEXTRADES Account, offering up to $500,000 in fictitious capital. The aim is to offer traders the ability to experience live market conditions without risking their own money.

Who Can Join?

We welcome traders worldwide who can show evidence of profitable trading with effective risk management. There are no specific qualifications required, but all clients must be at least 18 years old and undergo a verification process (KYC). We cannot provide services to residents of OFAC-sanctioned countries, individuals with criminal records related to financial crimes or terrorism, or those previously banned for breach of contract.

Why Should I Join?

Trading can be challenging, especially when facing common issues like undercapitalization, fear of losing your own money, psychological pressures, lack of discipline, and growth limitations. TEXTRADES offers access to a demo account with up to $500,000 of virtual capital, allowing traders to experience the market without risking their own funds. With our deep understanding of trading, we aim to provide conditions that allow traders to perform at their best.

How do I become a TEXTRADER?

To become a TEXTRADER, you must pass our 2-step Evaluation Process: Step 1: TEXTRADES Challenge Trade a demo account with fictitious capital while meeting the challenge’s trading requirements. If you meet all the goals, you move on to Step 2. Step 2: Verification Use another demo account to verify your trading consistency. This phase is more lenient, and once completed, you can sign the contract for your TEXTRADES Account after completing identification procedures. Note: TEXTRADES does not grant an account based on past track records.

How long does it take to become a TEXTRADER?

To pass the TEXTRADES Challenge, you must trade for at least 5 trading days (non-consecutive). The same applies during the Verification stage. There is no maximum time limit, so you can take as long as you need to complete the Evaluation Process. Once you meet the trading objectives, you can advance to the next phase.

I have Passed The Challenge, Now What?

Once you achieve the trading objectives in the TEXTRADES Challenge, you will be notified in your Account MetriX. The notification confirms that no further trading is required. Your results will be reviewed, and within 1-2 business days, you’ll receive login credentials for the Verification stage.

What Capital Will I Trade on The TEXTRADES Account?

You will trade with the same amount of virtual capital that you used in the TEXTRADES Challenge. For example, if you traded with $500,000 in the Challenge, you’ll have access to a $500,000 TEXTRADES Account. After qualifying as a TEXTRADER, you will be provided with a demo account and can earn up to 90% of the profits generated.

What Is a Swing Account?

A swing account allows you to hold trades over the weekend.

  • Leverage for the Standard Challenge: 1:50
  • Leverage for the Express Challenge: 1:30

What is the TEXTRADES Challenge?

The TEXTRADES Challenge is the first step in our Evaluation Process. It assesses your ability to trade responsibly and manage risk. The challenge has reasonable rules, including a Profit Target and allowable drawdown. There’s no time limit for completing it, but the minimum trading requirement is 5 days, or 0 days for the EXPRESS Challenge.

What is TEXTRADES Verification?

The Verification stage follows the TEXTRADES Challenge and checks your trading consistency. The Profit Target is halved during Verification, and there is no time limit to meet the objectives. Once completed successfully, you can sign the contract for your TEXTRADES Account.

Can I Trade News?

Yes, you can trade during news releases in both the TEXTRADES Challenge and Verification stages. However, after passing the Evaluation Process and unless your account is a swing account, caution is advised when trading news events. Do I have to Close My Position Overnight? In the TEXTRADES Challenge and Verification, you are free to hold positions overnight. However, this rule does not apply to swing accounts. Check the “Instrument Info” on your platform for trading hours.

Which Instruments can I Trade and What Strategies Can I Use?

You can trade all available instruments (Forex, Indices, Commodities, Stocks, Crypto) using any legitimate strategy. Discretionary, algorithmic trading, and EAs are allowed, as long as they comply with market conditions and our rules. High-Frequency Trading (HFT) is not allowed. How Many Lots Can I Trade? The maximum lots you can trade depend on your account size:

  • $25K: 2.5 lots with risk
  • $50K: 5 lots with risk
  • $100K: 10 lots with risk
  • $250K: 25 lots with risk
  • $500K: 50 lots with risk Exceeding this limit will automatically liquidate all trades with risk. Margin and leverage may also limit the number of lots you can trade.

 

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