Traders Launch prop trading company offers unique opportunities for traders to manage up to $200k with no time restrictions on payouts. With a focus on transparency, scalability, and providing resources to successful traders, Traders Launch aims to find and develop the top 5% of traders into the top 1%.
About Traders Launch Prop Firm: An Overview
Legal Company Name:
Traders Launch LLC
Founding Year: August
2023
Registration Location:
United States
Executive Team:
Max Thomas (CEO), Connor Holly (Quantitative Trader)
Trading Platforms
Traders Launch operates using Interactive Brokers, Ninjatrader, and T3 Global for live funded accounts.
Instruments Available at Traders Launch
Traders can trade futures contracts including S&P 500 (ES), Nasdaq-100 (NQ), Gold (GC), and Oil (CL), among others. The platform also supports trading of 300-400 of the most liquid stocks and all index ETFs.
How to Make Payments at Traders Launch Prop Firm
Payments can be made through Bank Wire or Crypto. There are no activation fees or hidden charges beyond the initial monthly evaluation fee.
Account Sizes
Traders Launch offers evaluation accounts of $100k and $200k.
Profit Splits in Traders Launch Prop Firm
Funded traders receive 80% of the profits from their accounts.
Profit Targets for Traders Launch Prop Firm
- $100k Account: Profit target of $2000
- $200k Account: Profit target of $3000
Maximum Daily Drawdown and Loss at Traders Launch Prop Firm
- $100k Account: $800 end-of-day drawdown
- $200k Account: $1000 end-of-day drawdown
Minimum/Maximum Trading Days Required at Traders Launch Prop Firm
- Evaluation Phase: Minimum of 3 trading days
- Funded Phase: No minimum trading days
Steps Available Across Challenges
- Evaluation: Hit profit target and avoid end-of-day drawdown while ensuring the best profit day is not more than 40% of total profits.
- Funded: Achieve a 1% profit target to move to a live brokerage.
- Scaling: Increase trading capacity by 1 mini contract for every 1% increase in account value, up to 15 contracts.
Pricing for Traders Launch Prop Firm Challenge
- $100k Futures Plan: $99 per month
- $200k Futures Plan: $159 per month
Commissions and Fees at Traders Launch Prop Firm
No commissions are charged during the challenge phase. The only fee is the initial monthly evaluation fee.
Payout Schedules of Traders Launch Prop Firm
Payouts can be requested once the trader reaches a 1% profit target in the funded account. There are no payout caps, and requests are processed within a 3-day time window.
Advantages and Disadvantages
(according to Trustpilot Reviews)
There are only a 2 reviews at the time of writing, and both are positive: praising customer support and smooth relationship with the company.
FAQ Section
Are there any activation fees? No, there are zero activation fees.
Is the drawdown based on balance or equity? It is based on the end-of-day closing balance and stops trailing once it reaches the initial account balance.
What are the payout rules? Payouts are available once the account grows by 1%, with no cap on withdrawals.
Are there any hidden rules? No, all rules are transparently listed.
Is there any minimum trading days requirement? A minimum of 3 trading days during the evaluation phase; none for the funded phase.
Can I swing trade? Swing trading is allowed after making at least 10% on the account in the funded stage.
What brokerages do you work with? Interactive Brokers, Ninjatrader, T3 Global.
Can I trade SPX, NDX, US30, gold? Yes, futures equivalents of these instruments are available.
Is there any time limit in evaluation accounts? No, there is no time limit.
What instruments am I able to trade? All futures contracts and 300-400 of the most liquid stocks and index ETFs.
Does EOD drawdown stop at account balance? Yes, and the daily loss can be removed upon request.
For more information and updates, you can follow Traders Launch on their Twitter account and YouTube channel.