Thetradercapital prop firm or TTC is a proprietary trading company offering funded account challenges. The firm promises up to a 95% profit split, which is a serious claim. The firm promises fast payouts and unlimited trading capital, which seems very exaggerated. The firm offers from 3k to 100k funded accounts by default, and traders can get larger accounts by either merging different funded accounts or by using a scaling plan. The pricing starts at 55 USD for the 2-step 5k USD challenge, which is competitive. To check all the claims by the firm we decided to conduct a thorough Thetradercapital review where we will evaluate the firm’s rules, safety, pricing, assets, platforms, funded options and types, support, education, and more.
| Pros | Cons |
|---|---|
| Competitive pricing starts at 55 dollars | Negative reviews on Trustpilot, indicate the firm might be a scam |
| Offers 1-step, 2-step, and instant funding | No scaling plan |
| Offers access to Forex, Stocks, Commodities, Indices, and Crypto | Live chat is not responsive |
| Withdrawal issues reported | |
| No educational resources | |
| Uses a custom web platform |
| FPA Score | Not rated yet |
| Year founded | 2024 |
| Headquarters | Unknown |
| Minimum audition fee | 55 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 3,000 USD |
| Maximum funded amount | 100,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | Up to 95% |
| Trading Platforms | Custom web platform |
| Available trading markets | Forex, Stocks, Commodities, Stock Indices, Crypto |
There are 0 Thetradercapital reviews on the Forex Peace Army (FPA), which is a serious downside. The firm has not even added to the platform. On Trustpilot, TTC has around 60 reviews and almost 30% of them are 1-star evaluations, which is a serious red flag that can not be underestimated. Furthermore, all funded challenges are simulated or demo accounts and the firm’s trading services are not backed by regulated brokers or liquidity providers. This is a serious issue and when coupled with negative trader reviews, we get a very high likelihood of the firm being a scam.
The firm gets a 0 score in this section.
Thetradercapital funded programs include Challenge Mini (2-step), Challenge Max (1-step), Challenge Freedom (also 2-step), and Instant Live accounts. This is flexible and allows traders to select suitable challenge types, but the naming can confuse traders. The list of Thetradercapital funding options includes 3k, 5k, 10k, 25k, 50k, and 100k USD. The 1-step and 2-step Thetradercapital challenges require traders to pass the 1 and 2 phases by achieving corresponding profit targets while maintaining strict risk control.
Thetradercapital scaling plan is not available, which is a serious downside.
The firm gets a 3 score in this section as a result.
The Trader Capital prop trading assets include diverse markets such as Forex, Stocks, Commodities, Stock Indices, and Cryptos. The firm does not provide access to futures and options, but it is a very minor drawback. The leverage is 1:33 for all synthetic Indices for challenges/verifications and 1:500 for live, which is flexible.
Overall, the firm gets a 4 score in this section.
The Trader Capital rules are slightly different depending on the funded account type selected. Two-phase accounts such as Mini and Freedom come with the same rules:
The Live account which is an instant challenge has different rules
The 1-step Challenge Max has the following rules:
As we can see, the firm offers flexible maximum drawdown and allows news trading and overnight/over-the-weekend trading, which is super attractive.
As a result, the firm gets a 2 score in this section.
The pricing is competitive, starting at 55 USD for the 3k Challenge Mini account. The price for the 3k USD Challenge Max is 79 USD. The price for the 3k Instant account is 299 USD, which is very expensive. There are no fees charged for withdrawals, which is flexible. The spreads are not zero, which makes it difficult to use scalping methods.
Thetradercapital free trial is not offered and the Thetradercapital free repeat is not provided either.
Overall, the firm gets a 3 score in this section.
The firm only provides its own custom web trading platform. It does not offer any other platforms as there is no information about platforms on the firm’s website and there are many negative comments indicating that the trading experience is horrible with this firm. The mobile trading experience is also horrible, as there is no dedicated app for smartphones. This is very disadvantageous and raises some questions about the firm’s ability to manipulate pricing data.
Overall, the firm gets a 0.9 score in this section.
Thetradercapital profit split is up to 95% and there are no details provided about payout frequency and how to get this profit split, which is a downside. This is a red flag and there are many comments about firm declining withdrawals. The withdrawal process is lengthy and makes it difficult to withdraw profits if the firm allows it at all.
As a result, the firm only gets a 1 score in this section.
The firm does not provide any educational resources at all, which is a downside. There are no resources like webinars, trading videos, or trading courses offered. There are no tools available either to allow traders to increase their accuracy.
Overall, the firm gets a 0 score in this section.
When it comes to customer support experience, the firm only offers live chat and email. However, the live chat is not responsive and no one answers questions for hours, which makes it a horrible experience. The website and support are only in the English language, which is a downside.
The firm gets a 2.4 score in this section.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
Thetradercapital scam is almost confirmed by plenty of 1-star reviews on Trustpilot, indicating serious issues with the firm’s quality of services.
No, the firm has low one-time fees but offers a web platform and has a plethora of 1-star reviews, indicating it is most likely a scam.
The smallest one-time fee starts at 55 USD for the 3k Challenge Mini account.
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