Embark on a detailed exploration of The Trading Capital, a leading proprietary trading firm. Uncover the advantages of their comprehensive evaluation process, trader-friendly conditions, and the benefits of trading with their chosen broker, FXPRIMUS.
Embark on a detailed exploration of The Trading Capital, a leading proprietary trading firm. Uncover the advantages of their comprehensive evaluation process, trader-friendly conditions, and the benefits of trading with their chosen broker, FXPRIMUS.
- Partnership with reputable broker FXPRIMUS.
- Flexible and favorable trading conditions.
- Generous 85/15 profit split arrangement.
- Supportive retry policy for traders.
- Strategic scaling plan for successful traders.
Exploring The Trading Capital: A Journey from Inception to Global Reach
Established in 2019 and nestled in the heart of Mississauga, Ontario, Canada, The Trading Capital stands proudly near the iconic Monroe towers at Square One, specifically located at 4 Robert Speck Parkway, 15th floor. Initially, the firm’s reach was limited to a close-knit circle of friends, family, and colleagues, relying primarily on personal referrals and email communication for its growth.
Website Development and Public Expansion
Marking a significant milestone in 2021, The Trading Capital expanded its horizons by launching a website, thereby opening its doors to the broader public. This strategic move led to a consistent and organic growth trajectory for the firm. Unlike some of its competitors, The Trading Capital adopted a modest approach to marketing, steering clear of elaborate advertising campaigns. Their focus has always been on maintaining a balance between quality and quantity, ensuring that their team is well-equipped to provide exceptional support to their clients. At the core of The Trading Capital, the mission remains unchanged – empowering skilled and talented individuals to achieve financial independence. As a testament to their commitment, they continue to strive towards aiding traders worldwide in their journey towards financial liberation.
The Trading Capital’s Evaluation Program: A Detailed Overview
The Trading Capital adopts a straightforward and efficient two-step evaluation process for aspiring proprietary traders. This process is designed to assess the proficiency and trading acumen of candidates through realistic and attainable objectives.
The Trading Capital Evaluation Structure and Objectives
In the first phase of the evaluation, candidates are tasked with achieving a profit target of 8%, while the second phase requires a 5% profit target. These targets are set to be well within reach for skilled traders. The firm also permits a maximum daily loss limit of 6% and offers a flexible maximum drawdown range of 10% to 12%. Participants are required to trade for a minimum of 10 days in each phase. For those who find the minimum trading days restrictive, alternatives like SurgeTrader offer programs without such a requirement.
Trading Objectives and Benefits
- Profit Target (4 Weeks): 8% in Phase 1, 5% in Phase 2, None for Prop Traders.
- Maximum Daily Loss: 6% in Phase 1, 5% thereafter.
- Maximum Drawdown: 12% in Phase 1, 10% in subsequent phases.
- Minimum Trading Days: 10 days for each evaluation phase.
- Trading Flexibility: Allowed to trade during news, hold positions over weekends, and use EAs (Expert Advisors).
- Profit Split: An attractive 85% across all stages.
- Refundable Fee: 120% refundable fee, ensuring a fair deal for traders.
Account Options and Process
The Trading Capital offers four account sizes: $50K, $100K, $200K, and $500K. While their pricing may not be the lowest compared to industry leaders like FTMO, the value they provide is considerable. Upon selecting an evaluation, traders can expect their credentials within 24 business hours, sent to the email linked with their PayPal account. The evaluation officially starts with the placement of the first trade.
Phases in Detail
Both phases of the evaluation require a minimum of 10 trading days. Successful completion of both phases, adhering to all set parameters, leads to the opportunity to become a proprietary trader with The Trading Capital. Each phase spans 4 weeks or 20 trading days, offering ample time for traders to demonstrate their skills. The evaluations are designed to offer flexibility, freedom, and a high chance of success, with rules that are simpler and more trader-friendly compared to some other proprietary firms.
Comprehensive Guide to The Trading Capital’s Trading Conditions and Rules
At The Trading Capital, specific trading rules are in place to maintain a fair and controlled trading environment. Violating these rules can lead to the cancellation of both evaluation and proprietary trader accounts. Key violations include exceeding the maximum loss or daily loss limits, trading restricted symbols, engaging in retail arbitrage or manipulation, and carrying out trades that are open for less than 60 seconds (these trades won’t count towards balance/equity). Other violations include carry trading, swap/broker manipulation, and taking advantage of demo conditions. Their detection system promptly closes all positions if any trading parameters are breached, followed by staff communication for review.
Profit Targets and Maximum Drawdown
The Trading Capital sets an 8% profit target during the evaluation phase. Traders have the freedom to achieve this using any effective strategy. The firm’s approachable maximum drawdown limit of 12% and a daily loss cap of 6% offer traders considerable leeway to execute their strategies effectively.
Profit Split and Withdrawals
With an industry-competitive 85/15 profit split, The Trading Capital stands out by offering traders a lucrative opportunity. This generous split reflects the firm’s growth and commitment to providing favorable conditions. Withdrawals at The Trading Capital are convenient, with no minimum withdrawal amount and bi-weekly withdrawal options, ensuring quick access to earnings. The profit split date is set 14 days after the first trade on the Prop Trader account.
Refund and Scaling Plan
Traders at The Trading Capital enjoy a 120% refund on their first successful profit split, adding to the firm’s attractiveness. The scaling plan further incentivizes performance, offering a 25% account boost every three months for traders who consistently achieve a 5% monthly profit, with the potential to manage up to $2,500,000.
Trading Strategies and Maximum Daily Loss
Traders are allowed to use a wide array of strategies, including EAs, trading through news, using trade copiers, and holding positions over the weekend. The maximum daily loss is calculated based on the current balance and is reset daily at 00:00 EST. For example, in a $100,000 account, a daily loss cap of $6,000 applies. Open/floating drawdowns carry over to the next day and are included in the daily loss calculation.
Opportunity for Retry
The Trading Capital offers one free retry for traders who have not violated any trading parameters and maintain a neutral or positive balance at the end of their assessment period. This is in line with the firm’s commitment to fairness and support for traders. For those not eligible for a retry, there is an option to request an additional paid evaluation.
Brokers and Trading Conditions at The Trading Capital
The Trading Capital has partnered with FXPRIMUS, a broker renowned for its flexibility, competitive spreads, low commission fees, and impressive execution speeds. This strategic partnership is aimed at providing traders with highly favorable conditions, especially during the evaluation phases.
FXPRIMUS stands out in the market for offering higher leverage options, allowing traders to maximize their trading potential. This broker’s regulatory compliance ensures that traders can focus on their strategies with confidence, knowing they are operating in a transparent and honest environment.
Account Features with FXPRIMUS
By default, traders at The Trading Capital are provided with ECN accounts. These accounts are preferred for their tighter spreads and lower commission structures, further enhancing the trading experience. This combination of a reputable broker and beneficial account features makes The Trading Capital an attractive choice for traders seeking optimal trading conditions.
Platform and Trading Instruments at The Trading Capital
The Trading Capital utilizes MetaTrader 4 (MT4), a widely acclaimed platform known for its user-friendliness and comprehensive features. MT4 is ideal for both beginners and seasoned traders, offering extensive market analysis tools across various chart types and timeframes. It supports manual trading with different order types, including instant, pending, and limit orders, and facilitates automated trading systems. Additionally, MT4 is equipped with numerous built-in trading tools to assist in making well-informed trading decisions.
Alternative Platforms
While MT4 is the primary platform, traders preferring the newer MetaTrader 5 (MT5) can use a trade copier. However, this may lead to slippage, and those looking specifically for an MT5 platform might consider other prop firms like OspreyFX, which offers both MT4 and MT5 platforms.
Available Trading Instruments
The Trading Capital offers a diverse range of financial instruments. Traders can engage in forex currency pairs, precious metals like gold, silver, and platinum, and specific indices (DJ, ND, & S&P500 only). While the firm provides a broad spectrum, certain restrictions apply, particularly in asset classes and the unavailability of crypto trading. For traders interested in cryptocurrency, exploring other crypto-focused prop firms is recommended.
Account Features and Leverage
- Maximum Capital: Up to $2,500,000.
- Profit Split: An attractive 85% profit share.
- Scaling: Yes, with potential account growth.
- News Trading: Permitted.
- Weekend Trading: Allowed.
- Automated Trading: Supported.
- Free Trial: No free trial available.
- Maximum Leverage: A generous 1:100 leverage on Evaluation and Prop Trader accounts.
Final Thoughts on The Trading Capital’s Proprietary Trading Service
The Trading Capital offers an impressive and comprehensive proprietary trading service. The evaluation objectives set by the firm are practical and achievable, providing a clear pathway for traders to secure a funded account. The firm’s flexible approach towards trading strategies enhances the attractiveness of their program.
Key Features and Benefits
Traders have the opportunity to manage accounts up to $2,500,000 through a well-structured scaling plan. The Trading Capital offers a substantial 85% profit share, coupled with convenient bi-weekly payouts. Trading activities are conducted through the esteemed broker, FXPRIMUS, using the versatile and user-friendly MT4 platform, accessible on various devices. The firm’s trading conditions are tailored to be trader-friendly, and they also provide a free retry option in case of evaluation failure without any rule violations.
Considerations and Limitations
Despite its many strengths, The Trading Capital has some limitations. Notably, the firm does not support the MT5 platform and offers a somewhat limited range of financial instruments compared to other proprietary firms. Traders are required to commit to at least 10 trading days to pass the evaluation phase. Additionally, the initial fee is relatively high, and being a newer player in the prop trading industry, there is limited user feedback available at this time. However, these minor drawbacks are overshadowed by the firm’s overall attractive offerings. For traders who can look past these imperfections, The Trading Capital emerges as a strong contender in the proprietary trading landscape, boasting excellent potential for both new and experienced traders.