Glow Node stands out by offering flexible trading challenges without time limits, allowing traders to start on their terms.
They emphasize rapid rewards, instant setup, and no minimum trading days, ensuring a tailored and user-friendly trading experience.
Legal Company name:
Glow Node LTD
Company address:
86-90 Paul Street, London, England, United Kingdom, EC2A 4NE
Year of establishment:
April 2022
Place of company registration:
United Kingdom
Company owners:
- Sam Bradbury, CEO / Founder
- Ryan Beasley, CEO / Founder
Trading platforms offered:
Not specified
Trading instruments available:
- Forex
- Metals
- Oil
- Crypto
- Indices
Payment methods available:
Not specified
Range of account sizes offered:
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
Profit split structure:
Up to 90%
Profit targets for each challenge phase:
- 1 Phase Challenge: 10%
- 2 Phase Challenge: 8% for step 1, 4% for step 2
Maximum daily and total loss limits:
- 1 Phase Challenge:
- Max drawdown: 8% (standard), 5% (glow)
- Daily drawdown: 4% (standard), 3% (glow)
- 2 Phase Challenge:
- Max drawdown: 8% (standard), 5% (glow), 10% (beginner)
- Daily drawdown: 4% (standard), 3% (glow), 5% (beginner)
Minimum and maximum trading day requirements:
- No minimum trading days
Overview of challenges and general rules:
- 1 Phase Challenge: Profit target of 10%, max drawdown 8% (standard) or 5% (glow), daily drawdown 4% (standard) or 3% (glow), payout period bi-weekly, profit split 80%
- 2 Phase Challenge: Profit target 8% (step 1), 4% (step 2), max drawdown 8% (standard), 5% (glow), 10% (beginner), daily drawdown 4% (standard), 3% (glow), 5% (beginner), payout period bi-weekly, profit split 80%
Pricing/costs to start challenges:
- $49 for 5k 1-phase account to $4500 for 100k Instant account
Fees & commissions
- Commissions on forex pairs: $5 per lot
- Indices, metals, and crypto: commission-free
Refundable fees details
- Refunds available after the 3rd payout for accounts purchased after 16th May, not available for instant funded accounts
Free trial availability and details
Not specified
Payout frequency
- Payouts can be requested every 14 days
- Payments processed through RiseWorks.io
Leverage
- Forex pairs: 1:30
- Indices: 1:10
- Cryptocurrencies: 1:2
Consistency rule:
Not specified
Commission per lo
- $2.50 per lot for forex pairs on each side
Trustpilot Reviews
Positive
- Competitions for Free Challenge Accounts: The firm offers competitions where traders can win free challenge accounts, adding an exciting opportunity for traders.
- Excellent Customer Service: The customer service is frequently praised for being prompt and responsive, addressing traders' needs effectively.
- Fair Trading Rules: The firm has clear and fair trading rules, with no hidden rules, making it transparent and trustworthy for traders.
- Guaranteed Payouts: Payouts are guaranteed, with a notably low payout denial rate, providing confidence and reliability to traders.
- User-Friendly Platform: The trading platform, including features like match trader, is user-friendly and well-structured, enhancing the overall trading experience.
Negative
- Account Access Issues: Some users have experienced problems accessing their funded accounts, even after purchasing them, leading to frustration and delays in trading.
- Hidden Rules: There are complaints about hidden rules, such as restrictions on using more than 75% of the daily drawdown, which have led to account denials.
- Poor Customer Support: Some users reported that customer support is unresponsive and slow, taking hours to reply to messages and not resolving issues effectively.
- Scam Allegations: There are accusations of the company being a scam, with issues like accounts being stopped out prematurely, missed entries, and failure to address these problems satisfactorily.
- Group Chat Censorship: Users have noted that messages in group chats are deleted if they contain criticism, and users receive warnings for posting such messages, indicating a lack of transparency and openness.
Frequently asked questions
How often can I request a payout?
Every 14 days, with no requirement to request every other week
Can I receive a refund?
Available after the 3rd payout for accounts purchased after 16th May, not available for instant funded accounts
What is the leverage ratio?
1:30 for forex pairs, 1:10 for indices, 1:2 for cryptocurrencies
How many accounts can I have?
Up to three active accounts with a total starting balance limit of $300,000
What is the commission rate?
$2.50 per lot for forex pairs on each side
What is the meaning of "high water mark"?
The higher of either your account balance or equity
Scaling:
Minimum trading period of 3 months
Eligible to receive 10% of payouts over this period
Account balance must be above the initial balance to qualify
Increase account by 30% of the initial balance, with payout split changing to 90:10 after scaling
Maximum scaling up to $1,000,000
Payouts:
Request first payout after 14 calendar days on live account
Must wait another 14 days before next request
Close all trades before requesting payout
Payouts processed through RiseWorks.io
Relative drawdown:
Acts like a trailing stop loss, following equity with every $0.01 gained, based on equity not balance