In this in-depth review, we explore Leveled Up Society, a prop trading firm that’s transforming the way traders engage with financial markets. From their unique remote evaluation program to the potential of scaling accounts up to $1 million, discover how they are paving the way for trader success and growth.

Table of Contents

Summary: Leveled Up Society Review

Leveled Up Society is a distinguished prop firm that specializes in assessing online demo trading. They offer challenges for an upfront fee, enabling clients to showcase their trading skills in a risk-free evaluation setting. Successful traders post-evaluation are eligible for a profit share from the gains in their trading accounts, contingent upon adherence to the firm’s trading rules. Additionally, Leveled Up Society engages in daily trading education across platforms like YouTube, Instagram, Discord, and their blog, keeping clients updated with the latest news and insights.

Leveled Up Society Website

Leveled Up Society offers a unique opportunity for traders worldwide to participate in their evaluation program remotely. The sign-up cost is considerably lower than traditional in-person prop firms, thus increasing the likelihood of success for traders globally. The primary criterion for enrolment in the program is the trader’s ability to employ a profitable trading strategy. The firm enhances risk management by providing virtual balances in demo accounts to traders. This approach significantly raises the success rate of traders on their platform. Leveled Up Society believes in empowering retail traders by giving them the opportunity to generate funds based on their performance and commitment towards building their own trading enterprise.

Programs at Leveled Up Society

The Leveled Up Challenge is the gateway to accessing favorable trading conditions and joining the ranks of funded traders within the prop firm. This challenge is part of an evaluation phase where traders showcase their trading skills. Those who pass the evaluation are welcomed into the proprietary trading firm as funded traders. Leveled Up Society is dedicated to fostering the perfect trading environment and building a community of skilled traders poised for success.

As a funded trader, you can scale your account up to a remarkable $1,000,000. The firm implements a two-phase review process to assess your readiness for managing substantial funds and achieving the status of a leveled-up trader. The evaluation simulates real-world trading conditions, offering you a practical experience. Successful completion of this phase opens the door to unlimited growth opportunities in your trading career. The journey begins with Level 1, where you aim to complete the challenge by achieving an 8% profit target. In Level 2, the goal is to make a 5% profit to complete the evaluation. Becoming a Leveled Up member unlocks exclusive benefits, including the potential to scale your account up to $1 million. Getting started with Leveled Up Society is straightforward. Begin by visiting the “Start Challenge” section on the homepage to view pricing options. Choose the application and account size that suits your needs. However, it’s crucial to consult the Knowledge Center before proceeding to understand the specific rules and objectives of each funding program. Select a funded program that aligns with your goals for an elite trading experience. After proving your abilities in the evaluation process through Levels 1 and 2, you’ll become part of the esteemed Elite Leveled Up Society. Notably, the firm covers the risks associated with your funded account, allowing you to trade with confidence and focus on your strategy.

The Leveled Up Society Challenge

The Leveled Up Society Challenge presents traders with a structured and rigorous evaluation process, divided into two distinct phases. In the first phase, a trader is given a 30-calendar-day window, starting from the date of the first trade, to achieve an 8% profit target. This period concludes at 5 p.m. EST on the 30th day. Throughout this phase, traders must ensure they do not exceed a maximum daily downside of 5%, calculated from the higher of the opening day’s equity or balance. Moreover, the cumulative loss must not surpass 8% of the account’s initial value in total equity. Additionally, traders are required to engage in trading activities on at least 5 trading days within these 30 calendar days. Upon completing Phase 1, traders move on to Phase 2, which spans 60 calendar days. The objective here is to meet a 5% profit target while adhering to the same daily and maximum drawdown limits and minimum trading days as in the first phase. This phase also concludes at 5 p.m. EST on the 60th day. It’s important to note that traders will be operating in live market conditions on simulated accounts starting from Phase 2. Failure to comply with any of the stated rules will result in the termination of the trading account, and the trader will be unable to continue in the program with that account. However, traders have the option to restart the program with a new trading account. The pricing for different account sizes in the Leveled Up Society Challenge is as follows:

• Account Size $25,000: Price $149
• Account Size $50,000: Price $269
• Account Size $100,000: Price $539
• Account Size $200,000: Price $1,069

Conditions for Joining Leveled Up Society

To become a member of the Leveled Up Society, you must successfully pass levels 1 and 2 of their review process. The goal for Level 1 is to achieve a 10% profit over 30 days. During this period, the maximum daily loss is capped at 5%, and the overall maximum loss is set at 10%. Breaching any of these loss limits at any point results in the invalidation of your account. However, if you remain profitable without reaching the Level 1 target, you are granted a second chance to complete it. Level 2 presents a target of 5% profit over 60 days. Similar to Level 1, you must adhere to a daily loss limit of 5% and an overall maximum loss of 10%. Violating these thresholds leads to account invalidation, but maintaining profitability grants a second opportunity to achieve the Level 2 goal. Upon successfully navigating both stages, you ascend to the status of an Elite Leveled Up Society Member.

Leveled Up Society Scaling Plan

After two consecutive successful months on your Leveled Up Society account, you’ll be invited to participate in the scaling plan, designed for enhanced growth potential. Funded accounts that remain profitable for two out of three months are rewarded with a 25% increase on their initial account balance.

Drawdown Regulations

Maximum Daily Loss: Your daily drawdown is limited to 5%, calculated from the starting balance. For instance, on a $100K account, the maximum daily drawdown is $5,000. This drawdown is recalculated daily at 5 PM EST, based on either the daily starting balance or equity, whichever is higher. The daily drawdown resets every day around 5 PM EST. For example, if you have a $100,000 account with a floating profit of $10,000 at the end of the day, your daily drawdown for the next day is calculated as $110,000 minus $5,000, setting the limit at $105,000. Dropping below this threshold the following day constitutes a violation. Maximum Total Drawdown: The cumulative drawdown must not exceed 8% of the starting account value. This includes both open and closed positions, along with commissions and swaps. For example, if you start with a $100,000 balance, your maximum drawdown amount is $8,000, meaning the equity in your account should never fall below $92,000.00.

Account Policies at Leveled Up Society

Leveled Up Society members have the privilege of managing a combined total of up to $400k in active challenge accounts and $400k in active funded accounts. However, it is essential to adhere to these limits to maintain eligibility and avoid policy breaches. If you operate more than $400k in active funded accounts at any point, you will be reimbursed only for those funded accounts that have not been traded yet. Should you trade an account that exceeds the $400k active funded account limit, not only will you not receive a refund, but your account will also be considered breached if it has been exchanged. It is important to note that these Maximum Capital Allocation rules do not affect the Scaling Plan.

Retry Policies

Phase-1: If a trader completes Phase-1 in profit, without exceeding the maximum daily loss or total loss and fulfills the minimum required trading days, they are eligible for a retry. To qualify for this, the account balance at the end of the challenge must be at least equal to the initial amount. Traders can retake the challenge as many times as they meet these conditions. Phase-2: Similarly, traders who finish Phase-2 in profit, while adhering to the daily and total loss limits and achieving the required trading days, qualify for a retry. However, they will need to restart from Phase 1. The same condition applies here: the account balance must be equal to or greater than the starting sum at the end of the challenge. This retry option is available as long as these criteria are fulfilled.

Trading Strategies at Leveled Up Society

Leveled Up Society offers traders the freedom to implement their preferred trading strategies during the demo assessment. This flexibility allows traders to apply real trading approaches that best suit their expertise and trading style. However, it is important to adhere to the firm’s terms of use policy, as certain strategies are considered unfair or ‘cheating’ and are strictly prohibited. Employing any disallowed strategy, whether in a funded or evaluation account, will result in account cancellation. Here are some examples of prohibited strategies at Leveled Up Society, though this list is not exhaustive:

• Guaranteed limit orders.
• Data feed manipulation.
• Trading on delayed charts.
• Grid Trading.
• Macroeconomic trading during high-impact reports with unrealistic fills due to volatility.
• Martingale strategy.
• Hedging between multiple accounts.
• Tick scalping.
• Using signal trading.
• Reverse arbitrage.
• Trading as part of account management services.
• Latency arbitrage.
• High-frequency trading.
• Utilizing expert advisors.

Traders should be aware that employing any of these prohibited techniques could jeopardize their standing within the program and lead to the termination of their account. Leveled Up Society emphasizes fair and realistic trading practices, ensuring a level playing field for all participants.

Features of Leveled Up Society

Brokers

Leveled Up Society partners with Eightcap, a highly respected and regulated broker. This firm is a popular choice among top prop trading firms, offering an extensive selection of financial instruments under very competitive trading conditions. These include tight spreads, low commission fees, and quick trade execution. As a regulated brokerage, Eightcap is bound to adhere to strict rules and regulations aimed at protecting investors and ensuring transparency in their operations.

Platforms

The prop firm employs MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the industry standards for online trading platforms. These platforms are likely familiar to those with experience in forex trading online. For newcomers, MT4 and MT5 are known for their user-friendly interfaces, making them accessible for retail traders. They come equipped with all the necessary tools for comprehensive market analysis and informed trading decisions.

Instruments

Leveled Up Society allows trading in forex, commodities, stock indices, and cryptocurrencies in a virtual environment. However, it’s important to note that cryptocurrency trading is not permitted in Leveled Up Society Funded Accounts. For crypto enthusiasts, an alternative like True Forex Funds might be more suitable.

Commission

The commission fees on the platform are set at $5 per lot for Forex, Indices, Metals, and Crypto (except for crypto on Eightcap, which has a commission of 0.015% based on volume). These rates are competitive compared to other brokers who may charge higher fees.

Leverage

The basic challenge offers varied leverage settings: 1:100 for forex pairs, 1:40 for commodities like gold and oil, 1:20 for indices, and 1:2 for digital currencies. Key details of Leveled Up Society’s offering include:

• Maximum capital: $1,000,000
• Profit split: 80%
• Scaling opportunities: Yes
• News trading: Not allowed
• Weekend trading: Permitted
• Automated trading: Not available
• Free trial: Not offered
• Maximum leverage: 1:100

Conclusion: Leveled Up Society Review

In summary, Leveled Up Society stands out as a straightforward and highly competitive option in the realm of prop trading. They distinguish themselves by not overcomplicating trading rules and offering considerable flexibility in terms of strategies and targets. Traders have the advantage of using the popular MetaTrader 4 and 5 platforms through a regulated broker. Additionally, the opportunity to retry the challenge indefinitely in case of failure is a notable perk. There are areas where Leveled Up Society could enhance its offerings. Incorporating educational content would add value, and a higher profit share, similar to what firms like Finotive Funding and SurgeTrader offer, could increase its appeal. The restriction on using expert advisors and engaging in news trading might limit traders who prefer these strategies. In such cases, FundedNext could be a more suitable alternative. Despite these limitations, Leveled Up Society holds its ground as one of the top prop firms currently in the market. Their approach caters well to a broad range of traders, balancing simplicity, flexibility, and competitive terms effectively.