Glow Node, a notable entrant in the world of proprietary trading, has rapidly gained attention for its innovative approach to trader funding and education. This comprehensive review aims to delve into the various facets of Glow Node’s offerings, including its substantial capital provision for traders, which can reach up to $1,000,000, and the impressive potential for traders to retain up to 90% of the profits. Specializing in forex, commodities, indices, and cryptocurrencies, Glow Node positions itself not just as a funding source, but as a catalyst for trader growth and success in a competitive market. We will explore the firm’s strategies, trader support systems, and overall impact on the trading community.
Glow Node, a notable entrant in the world of proprietary trading, has rapidly gained attention for its innovative approach to trader funding and education. This comprehensive review aims to delve into the various facets of Glow Node’s offerings, including its substantial capital provision for traders, which can reach up to $1,000,000, and the impressive potential for traders to retain up to 90% of the profits. Specializing in forex, commodities, indices, and cryptocurrencies, Glow Node positions itself not just as a funding source, but as a catalyst for trader growth and success in a competitive market. We will explore the firm’s strategies, trader support systems, and overall impact on the trading community.
- Offers both a one-step and two-step evaluation process.
- Provides the flexibility to tailor evaluation goals to individual needs.
- Boasts a high Trustpilot rating of 4.7 out of 5.
- Opportunity for scaling up trading accounts to $1,000,000.
- Enables bi-weekly withdrawals for added convenience.
- Features a scaleable profit split, reaching up to 90%.
- Allows for an unlimited duration of trading periods.
- No requirement for a minimum number of trading days.
- Permits holding positions overnight and during weekends.
- Trading during news events is allowed, offering more opportunities.
- Weekend trading in cryptocurrencies is supported.
- Low leverage of 1:30.
- Trailing drawdown in one-step evaluation.
Glow Node, a proprietary trading firm, offers a premium funding plan for traders around the globe. Founded with the vision of filling a market gap, Glow Node aims to empower traders to become more profitable by providing them with opportunities to manage substantial capital. The firm’s approach combines offering capital with educational resources, fostering a partnership where all parties can succeed. Traders are given the chance to manage up to $1,000,000, with the potential to take home up to 90% of the profits. This opportunity extends to various trading arenas, including forex pairs, commodities, indices, and cryptocurrencies, allowing a broad spectrum of trading possibilities.
About Glow Node
Glow Node, a dynamic proprietary trading firm, was established in April 2022. The company was founded by co-CEOs Sam Bradbury and Ryan Beasley and is headquartered in London, United Kingdom, known for its vibrant culture.
Trading Programs and Flexibility
As a company dedicated to supporting traders, Glow Node offers a range of funding programs:
- One-step evaluation program
- Two-step evaluation program
- Customizable evaluation process
Each program features a unique scaling plan, providing traders the potential to access capital resources up to $1,000,000.
Trading Platforms and Broker Partnership
Glow Node partners with its traders by providing access to leading industry platforms such as MetaTrader 4 and MetaTrader 5. The company collaborates with Eightcap as its trusted broker to enhance trading activities.
Company Registration Details
Glow Node is a legally registered entity in the United Kingdom:
- Official Address: 86-90 Paul Street, London, England, EC2A 4NE
- Company Number: 14037065
Leadership at Glow Node
The company benefits from the joint leadership of its co-founders, Sam Bradbury and Ryan Beasley, who serve as the CEOs.
Funding Options
Glow Node provides traders with a range of funding options to suit their preferences and trading goals. These options include:
Two-Phase Evaluation Program Accounts
Our two-phase evaluation program allows traders to follow a structured evaluation process, ensuring they meet specific criteria before accessing capital resources.
One-Phase Evaluation Program Accounts
For traders seeking a streamlined evaluation process, our one-phase program offers a straightforward approach to gaining access to capital resources. In addition to these standard options, Glow Node also offers traders the flexibility to customize their evaluation objectives, tailoring their path to success.
Two-Phase Evaluation Program Accounts
Glow Node’s two-phase evaluation program account is designed to identify talented traders who consistently perform well during the two-phase evaluation period. Traders in this program account have the opportunity to trade with a leverage of 1:30.
| Account Size | Price |
|---|---|
| $5,000 | $50 |
| $10,000 | $99 |
| $25,000 | $199 |
| $50,000 | $349 |
| $100,000 | $499 |
| $200,000 | $999 |
Evaluation Phases and Funded Account Rules
Evaluation Phase One
In Evaluation Phase One, traders are required to achieve a profit target of 8% while ensuring they do not exceed their maximum daily loss of 5% or the maximum loss limit of 10%. There are no specific minimum or maximum trading day requirements during Phase One. To progress to Phase Two, traders must meet the 8% profit target without violating the maximum daily or maximum loss rules.
Evaluation Phase Two
Evaluation Phase Two entails reaching a profit target of 5% while adhering to the 5% maximum daily loss and 10% maximum loss rules. Similar to Phase One, there are no set minimum or maximum trading day requirements during Phase Two. To advance to funded status, traders must successfully achieve the 5% profit target without violating the maximum daily or maximum loss limits.
Funded Account
Upon successfully completing both evaluation phases, traders receive a funded account with no specific profit targets. However, they must abide by the 5% maximum daily loss and 10% maximum loss rules. The first payout is made 14 calendar days after placing the first position on the funded account. Subsequent payouts are also based on a bi-weekly schedule. Traders start with an 80% profit split based on their earnings, which can increase to 90% by successfully scaling their funded account for the first time.
Two-Phase Evaluation Program Account Scaling Plan
Two-phase evaluation program accounts at Glow Node come with a scaling plan that rewards traders for their performance. Here are the details:
- You must achieve a profit target of 10% or more within a three-month period.
- Your account balance must remain positive at the end of the 3rd month.
- If you meet these criteria, you will receive an account increase of 30% of the original account balance.
Example:
After 3 months: If you have a $200,000 account, your account balance will increase to $260,000. After the next 3 months: The balance of $260,000 increases to $320,000. After the subsequent 3 months: The balance of $320,000 increases to $380,000. This scaling pattern continues as long as you meet the profit target and keep your account balance positive. Traders in the two-phase evaluation program have the opportunity to trade various instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Two-Phase Evaluation Program Account Rules
Profit Target
The profit target is a specific percentage of profit that traders must achieve to complete an evaluation phase, withdraw profits, or scale their account. In Phase 1, the profit target is set at 8%, while in Phase 2, it is 5%. Funded accounts do not have profit targets.
Maximum Daily Loss
The maximum daily loss represents the maximum allowable daily loss before an account is considered violated. All account sizes have a maximum daily loss limit of 5%.
Maximum Loss
The maximum loss is the overall maximum loss a trader can reach before the account is violated. Similar to maximum daily loss, all account sizes have a maximum loss limit of 10%.
No Martingale Allowed
Traders are prohibited from using any martingale strategy while trading. This rule ensures responsible trading practices.
Third-Party Copy Trading Risk
If you intend to use third-party copy trading services, be aware that other traders may already be using the same trading strategy. This could potentially lead to issues with funded account approval or withdrawals if you exceed the maximum capital allocation rule.
Third-Party EA Risk
If you plan to use a third-party EA (Expert Advisor), keep in mind that other traders may also be using the same EA and strategy. Using a third-party EA could result in funded account approval or withdrawal issues if you exceed the maximum capital allocation rule.
One-Phase Evaluation Program Accounts
Glow Node’s one-phase evaluation program account offers traders the flexibility to meet the evaluation requirements at their own pace, without any time limitations. Traders in this program can trade with a leverage of 1:30.
| Account Size | Price |
|---|---|
| $5,000 | $75 |
| $10,000 | $149 |
| $25,000 | $249 |
| $50,000 | $399 |
| $100,000 | $599 |
Evaluation Phase and Funded Account Rules
Evaluation Phase
The evaluation phase at Glow Node requires traders to achieve a profit target of 10% while ensuring they do not exceed their maximum daily loss of 4% and maximum trailing loss of 8%. Traders are allowed to trade for an unlimited time period during this phase. The sole requirement is to reach the profit target, with no minimum trading day requirements, in order to advance to funded status.
Funded Account
Upon successfully completing the evaluation phase, traders are rewarded with a funded account that does not have profit targets. Instead, they must adhere to the 4% maximum daily loss and 8% maximum trailing loss rules. The first payout is made 14 calendar days after placing the first position on the funded account. Subsequent payouts are also based on a bi-weekly schedule. Traders begin with an 80% profit split based on their earnings, which can increase to 90% by successfully scaling their funded account for the first time.
One-Phase Evaluation Program Account Scaling Plan
One-phase evaluation program accounts at Glow Node come with a scaling plan that rewards traders for their performance. Here are the details:
- You must achieve a profit target of 10% or more within a three-month period.
- Your account balance must remain positive at the end of the 3rd month.
- If you meet these criteria, you will receive an account increase of 30% of the original account balance.
Example:
After 3 months: If you have a $100,000 account, your account balance will increase to $130,000. After the next 3 months: The balance of $130,000 increases to $160,000. After the subsequent 3 months: The balance of $160,000 increases to $190,000. This scaling pattern continues as long as you meet the profit target and keep your account balance positive. Traders in the one-phase evaluation program have the opportunity to trade various instruments, including forex pairs, commodities, indices, and cryptocurrencies.
One-Phase Evaluation Program Account Rules
Profit Target
The profit target is a specific percentage of profit that traders are required to achieve before completing an evaluation phase, withdrawing profits, or scaling their account. In the evaluation phase, the profit target is set at 10%.
Maximum Daily Loss
The maximum daily loss represents the highest allowable daily loss before an account is considered violated. All account sizes have a maximum daily loss limit of 4%.
Maximum Trailing Drawdown
The maximum trailing drawdown is the maximum drawdown equal to the difference between the highest account balance achieved and the maximum drawdown. For all account sizes, the maximum trailing drawdown limit is 8%.
No Martingale Allowed
Traders are not permitted to use any form of martingale strategy while trading to ensure responsible trading practices.
Third-Party Copy Trading Risk
If you plan to use third-party copy trading services, be aware that other traders may already be using the same trading strategy. This could potentially lead to issues with funded account approval or withdrawals if you exceed the maximum capital allocation rule.
Third-Party EA Risk
If you intend to use a third-party EA (Expert Advisor), keep in mind that other traders may also be using the same EA and strategy. Using a third-party EA could result in funded account approval or withdrawal issues if you exceed the maximum capital allocation rule.
Customizable Evaluation Option
At Glow Node, traders have the unique opportunity to tailor their trading objectives during the one-step or two-step evaluation process.
Two-Step Customization Options
Traders at Glow Node can select from four different account sizes, each with a range of customization options:
| Account Size | Price (Depends On Customization) |
|---|---|
| $10,000 | $60 – $125 |
| $25,000 | $120 – $245 |
| $50,000 | $210 – $402 |
| $100,000 | $300 – $584 |
Customizable Trading Objectives
Traders at Glow Node have the flexibility to customize four key trading objectives, offering a range of choices for each:
| Trading Objective | Customization Choices |
|---|---|
| Profit Split | 60%, 65%, 70%, 75%, 80% |
| Daily Drawdown | 3%, 4%, 5%, 6% |
| Maximum Drawdown | 5%, 6%, 7%, 8%, 9%, 10%, 11%, 12% |
One-Step Customization Options
Traders at Glow Node can select from four different account sizes, each with a range of customization options:
| Account Size | Price (Depends On Customization) |
|---|---|
| $10,000 | $75 – $168 |
| $25,000 | $150 – $331 |
| $50,000 | $200 – $443 |
| $100,000 | $300 – $662 |
Customizable Trading Objectives
Traders at Glow Node have the flexibility to customize four key trading objectives, offering a range of choices for each:
| Trading Objective | Customization Choices |
|---|---|
| Profit Split | 60%, 65%, 70%, 75%, 80% |
| Daily Drawdown | 3%, 4%, 5% |
| Maximum Drawdown | 4%, 5%, 6%, 7%, 8% |
What Makes Glow Node Different?
Glow Node stands out from most industry-leading prop firms for several reasons:
- They offer two unique funding programs: a one-phase and a two-phase evaluation.
- Traders have the option to customize their one-step or two-step evaluation.
- Glow Node has almost no restrictions on your trading style, allowing you to trade during news events, hold trades overnight, and trade on weekends.
Two-Phase Evaluation Program
Glow Node’s two-phase evaluation program is distinctive:
- It consists of two phases that traders must complete before becoming eligible for bi-weekly payouts.
- The profit target is 8% in phase one and 5% in phase two.
- They have rules of a 5% maximum daily loss and a 10% maximum loss.
- There are no minimum or maximum trading day requirements in each evaluation phase before achieving funded status.
- Two-step evaluation programs also come with a scaling plan.
Compared to other industry-leading prop firms, Glow Node offers competitive profit targets and more relaxed trading rules with no minimum or maximum trading day limitations.
Comparison: Glow Node vs. True Forex Funds (Limitless)
| Trading Objectives | Glow Node | True Forex Funds (Limitless) |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | No Minimum Trading Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Comparison: Glow Node vs. FundedNext (Stellar)
| Trading Objectives | Glow Node | FundedNext (Stellar) |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 10% |
| Minimum Trading Days | No Minimum Trading Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% up to 90% |
Comparison: Glow Node vs. E8 Funding (Normal)
| Trading Objectives | Glow Node | E8 Funding (Normal) |
|---|---|---|
| Phase 1 Profit Target | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% | 8% (Scaleable up to 14%) |
| Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Split | 80% up to 90% | 80% |
Glow Node vs. Other Prop Firms
Compared to other prop firms, Glow Node stands out in several ways:
One-Phase Evaluation Programs
In Glow Node’s one-phase evaluation programs:
- Traders can choose from different account sizes.
- Completing one phase makes traders eligible for bi-weekly payouts.
- The profit target is 10%, with maximum daily loss limited to 4% and maximum trailing loss limited to 8%.
- There are no minimum or maximum trading day requirements.
- The one-phase evaluation program includes a scaling plan.
Compared to other industry-leading prop firms, Glow Node offers more relaxed trading rules with no minimum or maximum trading day requirements. In summary, Glow Node differentiates itself from other industry-leading prop firms through:
- Two unique funding programs.
- Customization options for funding programs.
- Straightforward and relaxed trading rules, including trading during news, holding trades overnight, and trading on weekends.
- A prohibition on martingale strategies.
These features make Glow Node an excellent choice for traders looking for flexibility and opportunities for growth.
Is Getting Glow Node Capital Realistic?
When considering prop firms that align with your forex trading style, it’s essential to assess the realism of their trading requirements. A company may offer a high-profit split on a well-funded account, but if they expect unrealistically high monthly gains with very low maximum drawdowns, your chances of success may be slim.
Two-Phase Evaluation Programs
Getting capital from Glow Node’s two-phase evaluation programs is generally realistic because:
- They have average profit targets (8% in phase one and 5% in phase two).
- They have reasonable maximum loss rules (5% maximum daily and 10% maximum loss).
- There are no minimum or maximum time limitations.
One-Phase Evaluation Program
Obtaining capital from Glow Node’s one-phase evaluation program is also realistic because:
- They have an average profit target of 10%.
- They have reasonable maximum loss rules (4% maximum daily and 8% maximum trailing loss).
- There are no minimum or maximum time limitations.
Considering these factors, Glow Node is an excellent choice for securing funding. They offer two distinct funding programs with realistic trading objectives and conditions that allow for bi-weekly payouts.
Glow Node Payment Proof
Glow Node, founded in April 2022 by Sam Bradbury and Ryan Beasley, allows traders to request their first withdrawal after 14 calendar days. It’s important to note that all future payouts will also follow a bi-weekly schedule. If you’re looking for payment proof and want to see the success stories of traders who have withdrawn their profits, you can visit Glow Node’s Discord channel. Look for the “payouts” channel, where you will find certificates rewarded to individuals who have successfully withdrawn their profits.
Glow Node Broker: Eightcap
Glow Node exclusively uses Eightcap as its broker.
About Eightcap
Eightcap is an ASIC-regulated broker based in Melbourne, Australia. Established in 2009, their mission has been simple and straightforward – to offer exceptional financial services to their clients. With a global presence that includes five offices and regulatory compliance in multiple locations, Eightcap provides clients from around the world with the opportunity to trade across various markets, including FX, indices, commodities, and shares.
Trading Platforms
When trading with Eightcap as your broker through Glow Node, you have the option to use either MetaTrader 4 or MetaTrader 5 as your trading platform.
Glow Node Trading Instruments
Forex
Glow Node allows forex trading with leverage of 1:30 on the following pairs:
-
- USDCHF
- GBPUSD
- EURUSD
- EURJPY
- USDCAD
Commodities
Commodities trading with leverage of 1:10 includes:
-
- XAUUSD
- XAGUSD
- XPTUSD
- COPPER
- NGAS
Indices
Trade indices with leverage of 1:10, including:
-
- US30
- SPX500
- DAX
- UK100
- ESP35
Cryptocurrencies
Crypto trading with leverage of 1:3 is available for various cryptocurrencies:
-
- BTCUSD
- XRPUSD
- DASHUSD
- EOSUSD
- ETHUSD
Glow Node Trading Fees
Trading commission fees for Glow Node are as follows:
| Assets | Fee |
|---|---|
| FOREX | 7 USD / LOT |
| COMMODITIES | 0 USD / LOT |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
Note that these fees may apply when trading in the respective asset classes.
Glow Node Live Spreads
To check the live spreads, please log in to your trading account using the following details:
| Platform | Server | Login Number | Password | Download Platform |
|---|---|---|---|---|
| MetaTrader 4 | EightcapLTD Demo3 | 2145781908 | 3HfxtWj | Click here |
| MetaTrader 5 | Eightcap PTY | 4566532 | v21ojNWs | Click here |
Use the provided login credentials to access your trading account and check the live spreads.
Glow Node Education & Support for Traders
Glow Node offers valuable resources and support for traders:
Free Live Trading Sessions
Traders have the opportunity to join free live trading sessions through Glow Node’s Discord channel. These sessions cover a range of topics including mindset training, market breakdowns, and more. If you’re interested in improving your trading skills, be sure to check them out.
ForexFactory Thread
You can find discussions about Glow Node in the ‘PROP FIRM HUB’ thread on ForexFactory, created by MasterrMind. This thread provides insights and mentions of Glow Node within the trading community. To access the mentioned thread, click here.
Well-Structured Dashboard
Glow Node also offers a well-structured dashboard accessible to all traders. This dashboard provides a convenient way to manage risk, as it clearly displays objectives, trading rules, and statistics. The information is regularly updated to keep traders informed and in control.
Traders’ Comments about Glow Node
Glow Node has received excellent feedback from traders:
Trustpilot Reviews
On Trustpilot, Glow Node has garnered a wealth of positive feedback from their community, earning an outstanding score of 4.7/5 based on 151 reviews. Traders in the Glow Node community appreciate:
- Transparent trading objectives and rules
- Engagement with the community through their Discord channel
Moreover, many community members commend Glow Node’s exceptional customer support team, noting their speed and efficiency in resolving any issues encountered by the community.
Glow Node Social Media Statistics
Glow Node maintains a presence on various social media platforms:
- Twitter account with 3,935 followers
- Facebook page with 372 followers
Additionally, they have a vibrant Discord channel with 3,886 members. In this Discord community, you can stay updated on their announcements, seek assistance in their support channel, or engage in discussions with fellow traders about trading strategies.
Glow Node Support
If you have questions or need assistance, Glow Node offers various support options:
FAQ Page
Visit their FAQ page to find general information and answers to common queries.
Email Support
You can contact their support team directly via email at support@glow-node.com.
Live Chat Support
Glow Node provides active live chat support. You can send them a message, and they will reply to your inquiries via email.
Discord Channel
Check out their Discord channel, which includes a dedicated Support channel. If you encounter any support or technical issues, you can seek assistance there.
Final Verdict
In conclusion, Glow Node stands as a legitimate proprietary trading firm that provides traders with compelling opportunities:
Two-Phase Evaluation Programs
Glow Node offers industry-standard two-phase evaluation challenges where traders must complete two phases to become funded and eligible for bi-weekly profit splits. Traders are required to achieve profit targets of 8% in phase one and 5% in phase two, which are realistic trading objectives. These objectives are coupled with a 5% maximum daily loss and 10% maximum loss rules to ensure risk management. There are no time limitations during both evaluation phases. Traders participating in two-phase evaluation programs can earn profit splits ranging from 80% up to 90% while also having the opportunity to scale their accounts.
One-Phase Evaluation Programs
For those opting for one-phase evaluation programs, they can select from various account sizes. The one-step evaluation account requires traders to achieve a profit target of 10% over an unlimited time period. This is coupled with 4% maximum daily loss and 8% maximum trailing loss rules before traders can start earning on a bi-weekly basis. One-phase evaluation programs also offer profit splits ranging from 80% up to 90% while providing opportunities for account scaling.
In summary, Glow Node is an attractive choice for individuals seeking a proprietary trading firm with clear and relaxed trading rules. They have established themselves as a reputable firm in the industry, offering an excellent funding experience with favorable trading conditions. Considering all that Glow Node has to offer, they emerge as one of the top options within the proprietary trading industry.
