TradeXMastery Forex prop firm review

TradeXMastery Forex prop firm review

TradeXMastery prop firm offers up to a 90% profit split, but the starting profit share is only 80%. The firm offers funded account challenges ranging from 10k to 200k, and the firm also provides a scaling plan with up to 5 million USD in virtual funding. The firm only offers a 2-step challenge program and requires traders to hit 10% and 5% profit targets on phases 1 and 2. The starting one-time fee is 99 USD for the smallest 10k 2-step challenge, which is slightly expensive for this type of challenge. 

In this unbiased TradeXMastery review, we will analyze the firm’s safety, rules, funded options and types, support, education, profit sharing, assets, and more. 

Pros & cons of TradeXMastery prop firm

ProsCons
Up to 90% profit split (with paid add-ons)Limited credibility with few trader reviews 
Scaling plan up to $5 millionOnly offers 2-step challenges
Supports Forex, commodities, indices, and crypto tradingVery strict trading rules (news trading, EAs, weekend holding not allowed)
No withdrawal feesNo free trial or free repeats
TradeLocker platform with mobile trading appNo education or trading tools
Limited customer support 

Quick rating of TradeXMastery and its features

FPA ScoreNot rated yet
Year founded2024
HeadquartersUnknown
Minimum audition fee99 USD
Fees on withdrawals0 USD
Minimum funded amount10,000 USD
Maximum funded amount200,000 USD (5 million with scaling plan)
Allowed daily loss5%
Profit target10%
Maximum trailing drawdown105
Profit sharing (Payouts)80% (90% using paid add-on)
Trading PlatformsTradeLocker
Available trading marketsForex, commodities, indices, Crypto

Safety of TradeXMastery

TradeXMastery reviews are 0 on the Forex Peace Army (FPA), which is a serious downside. Trader feedback is the most important source to evaluate the firm’s reliability and customer satisfaction with its services. Analyzing Trustpilot, the firm has only 20–30 reviews, which is nowhere near enough sample size to evaluate how well it serves its clients. Most of these comments are positive, which is always a good sign, but still not enough for certainty. When it comes to experience, the firm is very young as it was launched in 2024 which makes it relatively young and inexperienced in the prop trading industry. Furthermore, all funded accounts are simulated challenges with no chance to access live trading accounts with real funds. 

The firm gets a 0 score in this section as a result.

TradeXMastery Funding and maximum capital allocation

TradeXMastery funded programs are not diverse as the firm only provides a 2-step challenge, which is a serious downside. There are no instant and 1-step TradeXMastery funding accounts to support traders who have experience and want to access accounts faster. The list of funded options for the 2-step TradeXMastery challenge includes 10k, 25k, 50k, 100k, and 200k USD. 

TradeXMastery scaling plan is available for traders and allows up to 5 million USD in virtual funding, which is a serious number and enough for even very experienced traders. The lack of smaller accounts below 10k USD is a noticeable drawback for the firm, as 2-step challenges are more attractive for beginner traders, and they usually prefer smaller funding options. 

Overall, the firm gets a 3 score in this section. 

TradeXMastery Assets

TradeXMastery prop trading assets include Forex, commodities, indices, and Crypto pairs. The firm does not allow stock trading or futures and the available list of pairs is also scarce, which is a serious downside for multi-asset traders. 

The maximum leverage is capped at 1:50 which is more than enough to control a serious trading volume. 

As a result, the firm only gets a 3 score in this section.

TradeXMastery Trading rules and limitations

TradeXMastery rules are straightforward and require trailers to achieve profit targets without breaching risk limits. The daily risk limit is 5% and the maximum drawdown is flexible at 10%. Traders have to hit a 10% profit target on Phase 1 and 5% on Phase 2. 

There is a consistency rule and traders should not achieve profit targets with just one or two trades, or they get disqualified, this is to prevent gambling behavior. While many firms have this rule, it is still a strict rule and traders need to develop consistent strategies. 

News trading, overnight hold, weekend hold, and EAs (Expert Advisors) are not allowed, which makes TradeXMastery a very strict firm.

As a result of the strict rules, the firm only managed to receive a 0.8 score in this section. 

TradeXMastery Fees

The pricing is below the 150 price mark, starting at 99 USD for the smallest 10k 2-step challenge. However, this price, while being below 150 USD, is still expensive for the 2-step challenge. Spreads are high from 1 pip which makes it almost impossible to use scalping strategies, which is truly disadvantageous as traders need to maintain strong risk control, making scalping methods more viable. 

TradeXMastery free trial is not available, which is a downside as traders can not check trading conditions. TradeXMastery free repeat is not available either and traders have to pay to start over. Withdrawals have no fees, which is beneficial. 

Overall, the firm gets a 3 score in this section. 

TradeXMastery Platforms

The firm allows access to the advanced trading platform, TradeLocker, which was designed for prop trading and has many useful features. However, the platform does not offer automated trading system support and custom indicators. Mobile trading is available which is flexible. 

The firm gets a 2.1 score in this section.

TradeXMastery Profit-Sharing

TradeXMastery profit split starts at 80% for all funded options. This is very popular in the prop trading industry. The firm allows traders to get a 90% profit split using paid add-ons. Withdrawals take more than 2 business days to get processed, which is lengthy. 

Overall, the firm gets a 3 score in this section. 

Education and trading tools at TradeXMastery

The firm lacks all educational resources like webinars, trading courses, and video guides. There is no trading blog, either, to support traders with market updates and trading tips. The tools are also lacking, and the firm does not care enough to provide the tools necessary to increase trading accuracy.

As a result, the firm gets a 0 score in this section. 

Customer Support at TradeXMastery

Customer support is critical in prop trading. The firm provides live chat and email support options and there is no phone support available, which is a downside. The website and support are also only available in the English language, which is also a minor downside. The lack of a phone support option is typically a red flag, as reliable firms usually disclose their phone number and address, unlike TradeXMastery.

The firm gets a 2.4 score in this section as a result of these issues. 

Frequently Asked Questions on TradeXMastery

Is TradeXMastery legit?

The TradeXMastery scam is still a possibility as the firm has very few reviews, was launched recently, and only provides simulated or demo trading experience. 

Is TradeXMastery a good prop firm?

While the firm offers competitive fees, it lacks reliability and only provides 2-step challenges, making it not a very attractive option for funded traders. 

What is the minimum TradeXMastery fee?

The smallest fee starts at 99 USD (one-time) for the 10k 2-step challenge, which is slightly expensive.