Traderscale.com Review

Based on checking the website Traderscale.com, it presents itself as a prop trading firm offering funded trading accounts through various challenges.

However, the core nature of its service, which involves speculative trading and the use of leverage for profit targets, raises significant concerns from an ethical standpoint, particularly in relation to Islamic financial principles.

The structure of profit targets and potential losses in a leveraged trading environment often resembles an arrangement where risk is shifted, and returns can be perceived as akin to gambling or interest riba, both of which are strictly forbidden.

The website promotes the idea of “claiming your profits” from speculative market movements rather than genuine trade or asset ownership, making it difficult to reconcile with sound financial practices that emphasize real economic activity and shared risk.

Overall Review Summary:

• Nature of Service: Prop trading firm offering funded accounts after passing trading challenges.
• Ethical Standing Islamic Perspective: Highly questionable, as it involves speculative trading, leverage, and profit targets that can resemble gambling and interest.
• Profit Split: Up to 90% profit split advertised, contingent on passing challenges and meeting specific trading criteria.
• Challenge Structure: One-step and two-step evaluation processes with various funded account sizes e.g., $25,000 to $200,000.
• Key Metrics: Defines maximum daily loss, maximum overall loss, profit targets, and minimum trading days.
• Pricing: Ranges from $197 to $1196 for challenge fees, depending on the account size and challenge type.
• Payouts: Advertises payouts within three days, utilizing Rise or USDT.
• Support: Claims 24/7 multi-language support.
• Partnerships: Official Online Trading Partner of Sunderland A.F.C.
• Trustpilot Presence: Prominently links to its Trustpilot reviews.

While Traderscale.com aims to attract individuals seeking access to larger trading capital, the underlying mechanisms of speculative trading, particularly with leverage, are generally viewed as problematic from an ethical finance perspective.

The emphasis on quick profits from market fluctuations, rather than investment in tangible assets or productive enterprises, aligns more closely with activities that are discouraged due to their resemblance to gambling.

Such ventures often lead to wealth concentration in unpredictable ways and can expose individuals to undue financial risk.

Instead of engaging in such volatile and ethically ambiguous activities, focusing on real economic contributions, ethical investments, and genuine business ventures is always a more sound and blessed path.

Here are some alternatives that align with ethical financial principles and focus on productive, tangible ventures, rather than speculative trading:

• Halal Investment Platforms
  • Key Features: Offer diversified portfolios screened for Sharia compliance, investing in real estate, ethical businesses, and permissible stocks. They avoid interest, gambling, and industries like alcohol or arms.
  • Average Price: Varies based on investment amount and platform fees e.g., typically 0.25% to 0.75% of assets under management annually.
  • Pros: Promotes real economic growth, socially responsible, avoids ethically questionable practices, aligns with long-term wealth building.
  • Cons: Returns may be slower compared to high-risk speculative trading, limited options for very high-risk tolerance.
• Ethical Business Consulting Services
  • Key Features: Provide guidance on starting, managing, and growing businesses in an ethical manner. Focus on sustainable practices, fair labor, and value creation.
  • Average Price: Project-based, can range from $1,000 to $10,000+ depending on scope.
  • Pros: Creates real value, contributes to society, builds tangible assets, aligns with entrepreneurial spirit and ethical earnings.
  • Cons: Requires significant effort and time investment, no guarantee of immediate high returns.
• Real Estate Investment Crowdfunding Sharia-Compliant
  • Key Features: Allows individuals to invest in physical real estate properties, often through profit-sharing or joint venture models, avoiding interest-based financing.
  • Average Price: Minimum investments can range from $1,000 to $5,000+.
  • Pros: Backed by tangible assets, potential for rental income and capital appreciation, supports housing and infrastructure.
  • Cons: Illiquid investment, market fluctuations can affect property values, requires due diligence.
• Sustainable Agriculture Initiatives
  • Key Features: Investing in or supporting farms that focus on organic methods, local food production, and environmental stewardship. Can involve direct investment or purchasing shares in ethical food companies.
  • Average Price: Varies widely, from purchasing shares e.g., $50-$500 to direct investment thousands.
  • Pros: Addresses food security, promotes healthy eating, environmentally friendly, contributes to real societal needs.
  • Cons: Can be long-term investments, returns may not be immediate, subject to agricultural risks.
• Educational and Skill-Building Platforms
  • Key Features: Investing in oneself by acquiring new, marketable skills through reputable online courses, certifications, or vocational training.
  • Average Price: From free to several thousands for specialized certifications.
  • Pros: Enhances earning potential through legitimate means, builds tangible expertise, supports personal growth and career development.
  • Cons: Requires dedication and effort, no direct financial return on investment immediately.
• Small Business Equity Investments
  • Key Features: Investing directly into promising small businesses through equity participation, sharing in the business’s profits and losses based on ownership.
  • Average Price: Highly variable, often $5,000 to $50,000+ for significant stakes.
  • Pros: Direct involvement in real economy, potential for high returns if the business thrives, supports local commerce.
  • Cons: High risk, illiquid, requires careful vetting of businesses, takes time to mature.
• Community Development Projects
  • Key Features: Contributing to or investing in projects that aim to uplift communities, such as building affordable housing, developing sustainable energy solutions, or supporting local infrastructure through ethical models.
  • Average Price: Varies based on project size and individual contribution.
  • Pros: Provides societal benefit, promotes collective welfare, potential for long-term community impact.
  • Cons: Often focuses on social return rather than direct financial profit, can be long-term.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Traderscale.com Review & First Look: Navigating the Prop Trading Landscape

When you first land on Traderscale.com, you’re immediately greeted with a bold promise: “Pass the challenge and get funded.” This sets the stage for what the platform offers – a pathway for aspiring traders to access significant capital without needing to put up their own.

The site highlights its partnership with Sunderland A.F.C., a notable football club, which attempts to lend an air of legitimacy and public presence.

They outline a straightforward “Three Steps to Success” model: Choose Your Challenge, Begin Trading, and Claim Your Profits.

The core idea is simple: pay a fee to undergo an evaluation, demonstrate your trading prowess by meeting specific profit targets while staying within defined loss limits, and if successful, you get a share of the profits from trading with the firm’s capital. This model, often referred to as “prop trading” or “funded trading,” has gained considerable traction. However, for those keen on ethical finance, especially in Islamic traditions, the very foundation of this model warrants a and careful consideration. It’s not just about making money. it’s about how that money is made. The emphasis on speculative market movements and leverage, rather than real economic activity, raises significant red flags.

The Appeal of Funded Trading: Why It’s Tempting and Why Caution is Needed

Prop trading firms like Traderscale.com tap into a common pain point for many aspiring traders: limited capital.

Imagine having great trading strategies but not enough money to make a substantial profit.

These firms offer a solution by providing large sums of capital for you to trade.

• Access to Capital: Traderscale.com explicitly states, “Many traders face the challenge of limited capital… Traderscale solves this by offering access to their funds, allowing traders to handle larger positions and boost their profit potential.” This is the primary allure. You can trade with a $200,000 account by paying a fraction of that in challenge fees.
• Reduced Personal Risk on paper: Since you’re not trading your own large sum of capital, the perceived risk to your personal finances is lower. You only lose the challenge fee, not tens or hundreds of thousands of dollars.
• Professional Environment Simulation: The challenges often simulate real trading conditions, which can be seen as a training ground for professional trading.
• Profit Sharing: The promise of up to 90% profit split is a significant draw, suggesting substantial earning potential.

However, the ethical considerations here are paramount. The very nature of this “profit potential” often relies on speculative ventures, where the primary goal is profiting from price fluctuations rather than genuine economic activity or the creation of tangible value. This is a critical distinction for those seeking ethical financial dealings. For example, if you were investing in a business that produces goods or offers services, you’re contributing to the real economy. With speculative trading, the contribution is less direct, and the potential for gharar excessive uncertainty or risk and riba interest can become a significant concern. The fees paid for the challenge, coupled with the profit-sharing model, can sometimes blur the lines between a legitimate service fee and a structure that resembles gambling, where an initial stake is risked for a chance at a much larger gain, or even a form of interest on borrowed capital if the firm’s funds are considered a loan for trading.

Traderscale.com Challenges: A Deeper Look at the Structure

Traderscale.com offers two primary challenge types: the “Speedy 1-Step Evaluation” and the “Pro 2-Step Evaluation.” Each comes with different parameters, profit targets, and loss limits, designed to cater to various trading styles and risk appetites. Scrapmycar.net Review

Understanding these specifics is crucial, not just for passing the challenge but for comprehending the inherent risks and the ethical implications of such a model.

Traderscale Speedy 1-Step Evaluation

This challenge is designed for traders who prefer a quicker evaluation process.

It’s a single hurdle to clear before potentially managing a funded account.

• Funded Account Sizes: Available for $25,000, $50,000, $100,000, and $200,000.
• Pricing: Ranges from $356 for $25,000 account to $1196 for $200,000 account.
• Key Metrics:
  • Profit Target: A fixed 10% target. For a $25,000 account, this means achieving $2,500 in profit.
  • Maximum Daily Loss: Set at 4% of the initial balance. This limit resets daily at 21:00 UTC. For a $25,000 account, this is $1,000.
  • Maximum Loss: Set at 8% of the initial balance. This is a trailing drawdown, meaning it can’t go below 8% from your account’s highest point. For a $25,000 account, this is $2,000.
  • Account Leverage: Up to 1:30 MAX.
  • Minimum Days: 10 days of trading are required.
  • Consistency Rule: Yes check FAQ for details.
  • Payouts: After 30 days, then every 14 days after.
  • Profit Split: Standard 80%, or 90% with an optional add-on.

The 1-step model appears simpler, but the profit target of 10% within relatively tight loss limits, coupled with a 1:30 leverage, means traders are encouraged to take significant risks to meet the target. This high-risk, high-reward structure is exactly what can lead to concerns about gharar excessive uncertainty in Islamic finance. The immediate fee to enter, with the chance to “win” access to capital based on speculative performance, can unfortunately bear resemblance to activities that are ethically problematic.

Traderscale Pro 2-Step Evaluation

For traders who prefer a more phased approach, the 2-step evaluation introduces an additional hurdle, often with slightly different rules regarding loss limits and profit targets in each step.

• Funded Account Sizes: Also available for $25,000, $50,000, $100,000, and $200,000.
• Pricing: Generally lower than the 1-step, ranging from $197 for $25,000 account to $957 for $200,000 account. This lower upfront cost might attract more users, but it’s important to remember it’s a two-step process.
• Key Metrics Step 1 & Step 2:
  • Profit Target: Step 1 requires a 10% target, while Step 2 requires a 5% target.
  • Maximum Daily Loss: Set at 5% of the initial balance for both steps.
  • Maximum Loss: Set at 10% of the starting balance. This is also a trailing drawdown.
  • Account Leverage: Up to 1:100 MAX. This is significantly higher leverage than the 1-step challenge.
  • Minimum Days: 3 days of trading for each step.
  • Refund: On the pro challenge, you get a refund when eligible for a payout this acts as a partial incentive.

The Pro 2-step challenge with its 1:100 MAX leverage is particularly concerning. Leverage amplifies both gains and losses. While it can lead to quick profits if the market moves in your favor, it can also lead to rapid account depletion. In Islamic finance, excessive leverage is often viewed with skepticism due to the increased risk it introduces, which can be interpreted as gharar. The refund upon payout is a slight mitigation, but the core issue of engaging in highly speculative, leveraged activities remains. These structures are designed to test a trader’s ability to generate returns under pressure, but the underlying mechanisms are ethically dubious due to the risk elements involved.

Traderscale.com Pros & Cons: Unpacking the Downsides and Why It’s Best to Avoid

While the idea of trading with large capital without risking your own is superficially appealing, a closer look at Traderscale.com reveals significant drawbacks, especially when viewed through an ethical lens.

The very structure of prop trading, with its emphasis on speculative gains and leverage, pushes it into a territory that is generally discouraged for those seeking to build wealth responsibly and ethically.

Cons Why Traderscale.com and Similar Platforms Are Problematic

From an ethical and practical standpoint, there are several substantial reasons to be wary of platforms like Traderscale.com: Ayucosmetics.com Review

• Inherent Ethical Concerns Speculative Trading & Leverage: The primary focus of Traderscale.com is on speculative financial trading, which involves profiting from short-term price movements of assets like currencies, commodities, or indices. This differs fundamentally from investing in tangible assets, productive businesses, or real economic activity.
  • Gharar Excessive Uncertainty: Speculative trading, especially with high leverage like the 1:100 offered in the Pro 2-Step challenge, inherently involves excessive uncertainty. Traders are betting on future price movements, which are often unpredictable. This level of uncertainty can be considered gharar, which is prohibited in ethical financial dealings.
  • Riba Interest: While prop firms don’t explicitly charge interest on the “funded” capital, the structure of paying a fee for the opportunity to use capital that is then “split” as profit can, in certain interpretations, resemble a form of interest or an unfair exchange where the firm benefits from the trader’s risk-taking without taking on the same level of proportional risk or having a genuine partnership in productive activity.
  • Resemblance to Gambling: The “challenge” model, where you pay an upfront fee for a chance to win a larger sum access to capital and profit splits based on performance in a highly uncertain activity, can be likened to gambling. You stake a small amount for a chance at a much larger payout, with the odds often stacked against success due to tight rules and market volatility. The firm collects fees from numerous participants, while only a small percentage typically succeeds.
• High Failure Rate in Challenges: Prop trading challenges are notoriously difficult to pass. The combination of strict profit targets, tight daily and overall loss limits, and consistency rules means that a vast majority of participants fail.
  • Industry Statistics: While Traderscale.com doesn’t publish its pass rates, industry averages for prop trading challenges suggest a success rate often below 10%, sometimes even as low as 1-5%. This means a significant portion of the fees collected by prop firms comes from failed attempts.
  • Emotional Toll: The pressure to meet targets and avoid hitting loss limits can lead to significant stress and poor decision-making, contributing to failure.
• Complex Rules and Hidden Traps: The consistency rule, maximum daily loss, and overall drawdown limits are complex and often lead to disqualification.
  • Consistency Rule: While the website states “Check FAQ,” this rule often requires traders to distribute their profits consistently over the challenge period rather than hitting the target in one or two large trades. This adds another layer of difficulty.
  • Trailing Drawdown: The maximum loss being a “trailing” drawdown means your allowed loss shrinks as your account grows, often catching traders off guard after a successful period. For example, if you grow a $100,000 account to $105,000, your maximum loss limit might adjust, so if you drop to $95,000 from the initial balance, you’re out, but if it’s based on the highest point, a drop from $105,000 to $97,000 could also mean disqualification.
• Leverage Amplifies Risk: While 1:30 or 1:100 leverage sounds appealing for magnifying gains, it equally magnifies losses. A small market movement against your position can quickly lead to hitting daily or overall loss limits, resulting in immediate disqualification.
• Focus on Short-Term Gains, Not Sustainable Wealth: The entire model is geared towards rapid, short-term profit generation from market fluctuations. This contradicts the principles of sustainable wealth creation, which emphasize long-term investment, diversification, and tangible economic contributions.
• Withdrawal Mechanisms and Fees: While Traderscale.com mentions “Rise or USDT” for payouts and “within three days,” the specifics of withdrawal fees and any potential limitations are crucial and should be thoroughly investigated.
• Lack of Transparency on Fund Management: Traders are essentially trading with “demo” accounts that mirror real market movements. The firm profits from challenge fees and the losing trades of its participants. The actual capital isn’t usually given to the trader but is managed internally by the firm. This lack of transparency about how the firm’s overall funds are managed or generated is problematic.

Given these considerable drawbacks, particularly the ethical concerns surrounding speculative trading, leverage, and the structure that can resemble gambling, Traderscale.com and similar platforms should be approached with extreme caution, if not avoided entirely, by those committed to ethical financial practices.

There are far more robust and permissible ways to build wealth and engage in economic activity.

Traderscale.com Pricing: Understanding the Cost of Entry and Potential Losses

The pricing structure for Traderscale.com’s challenges is tied directly to the size of the “funded” account you aspire to manage and the type of evaluation you choose 1-step Speedy or 2-step Pro. It’s important to view these prices not just as entry fees, but as the initial financial risk you undertake for a chance at a profit split.

Given the high failure rates common in prop trading challenges, these fees often represent a sunk cost for many participants.

1-Step Speedy Evaluation Pricing

This model comes with higher upfront fees, reflecting the single, more intensive hurdle.

• $25,000 Funded Account: $356
• $50,000 Funded Account: $476
• $100,000 Funded Account: $716
• $200,000 Funded Account: $1196

These prices indicate a significant upfront investment for the opportunity.

For example, to attempt to manage a $200,000 account, you pay nearly $1,200. If you fail, that entire amount is lost.

Considering the 10% profit target with tight drawdown limits, succeeding in this challenge requires not just skill but often a degree of luck and a willingness to take high-risk trades, which, as discussed, raises ethical concerns.

2-Step Pro Evaluation Pricing

The 2-step model generally has lower entry fees per account size, possibly to attract a wider audience, but it requires passing two distinct phases. Trekkinn.com Review

• $25,000 Funded Account: $197
• $50,000 Funded Account: $297
• $100,000 Funded Account: $497
• $200,000 Funded Account: $957

While these initial fees are lower, the increased leverage up to 1:100 MAX in the Pro challenge introduces even greater risk. The refund on payout is a small incentive, but it only applies if you succeed, which, as noted, is statistically improbable for most. The firm’s revenue model heavily relies on the volume of challenge fees from participants who do not pass. This structure inherently creates a scenario where the firm benefits significantly from participant failures.

Traderscale.com vs. Competition: A Risky Landscape

Traderscale.com operates in a crowded field of prop trading firms, all vying for aspiring traders’ challenge fees.

While they may differ in specific rules, pricing, and branding, the fundamental model remains largely the same: pay to play, meet strict performance criteria, and if you succeed, get a slice of the profits from trading “their” capital.

From an ethical standpoint, the concerns highlighted with Traderscale.com generally apply across this entire industry, as the core activity is speculative trading with leverage.

Common Traits Across Prop Trading Firms

• Evaluation Challenges: Almost all prop firms employ some form of evaluation or challenge, often with one or two steps, to assess a trader’s capability.
• Strict Risk Parameters: Daily loss limits, overall drawdown limits trailing or static, and profit targets are standard features designed to filter out inconsistent traders and protect the firm’s capital.
• Leverage: High leverage offerings are common, ranging from 1:30 to 1:500, enabling traders to control larger positions with smaller capital.
• Profit Splits: Typically range from 70% to 90% for the trader, after passing the challenge.
• Consistency Rules: Many firms implement rules to prevent “gambling” or “all-in” trades, though these rules can be complex and lead to disqualification.
• Diverse Instruments: Most allow trading across various asset classes like forex, indices, commodities, and sometimes cryptocurrencies.

Why the Comparison Doesn’t Change the Ethical Equation

When comparing Traderscale.com to other prop firms, one might look for marginal differences in payout speed, customer support, or specific challenge rules.

However, from an ethical finance perspective, these distinctions are largely superficial.

• The Underlying Activity Remains Problematic: Whether it’s FTMO, MyForexFunds now defunct due to regulatory actions, highlighting industry risks, The Funded Trader, or any other firm, the core business model is based on facilitating speculative trading. This activity inherently involves gharar excessive uncertainty and can lead to financial structures that resemble riba interest or qimar gambling, especially due to the upfront fees and the profit-sharing model from leveraged speculation.
• Regulatory Scrutiny: The prop trading industry has faced increasing scrutiny from financial regulators globally. The regulatory actions against firms like MyForexFunds in the past underscore the risks and the often unregulated nature of this space. These firms often operate in a grey area, claiming not to be brokers but rather “educational” or “evaluation” platforms, sidestepping direct financial regulation that applies to traditional brokerages. This lack of robust regulatory oversight further exacerbates the risks for participants.
• Focus on Volume of Failed Attempts: Regardless of which firm it is, their business model largely thrives on the fees paid by the majority of traders who fail the challenges. This creates an incentive for the firms to maintain strict rules and high barriers to success.

Instead of comparing the nuances of one ethically questionable prop trading firm against another, the more prudent approach is to seek out genuinely ethical and sustainable pathways to wealth creation.

This means moving away from speculative, leveraged trading and towards real economic contributions, asset ownership, and Sharia-compliant investments that foster true growth and benefit society.

Forhers.com Review

How to Avoid Problematic Trading Models: Focusing on Ethical Wealth Creation

Given the inherent ethical issues surrounding speculative trading and the “prop firm” model, the critical question becomes: how can individuals interested in financial growth pursue wealth creation in a manner that is both responsible and ethically sound? The answer lies in shifting focus from high-risk, high-leverage speculation to real economic activity, asset-backed investments, and ventures that generate genuine value.

1. Focus on Real Economic Activity and Entrepreneurship

Instead of trying to profit from market fluctuations, direct your energy towards creating or participating in businesses that provide real goods or services.

• Start a Business: This is the most direct way to create wealth through tangible means. Whether it’s a small e-commerce venture, a service-based business, or a local retail outlet, entrepreneurship involves effort, creativity, and direct contribution to the economy.
• Invest in Productive Assets: Consider investing in businesses through equity owning a share of a real company that produce something, employ people, or solve genuine problems. This aligns with shared risk and reward, where your profit is tied to the success of the underlying business.
• Skill Development and Value Creation: Enhance your own skills and expertise in a field that is in demand. Whether it’s coding, writing, design, or a trade, your personal value creation can lead to sustainable income and wealth.

2. Embrace Sharia-Compliant Investments

For those specifically adhering to Islamic financial principles, there are clear guidelines that exclude speculative trading, interest, and excessive uncertainty.

• Halal Equity Funds: Invest in mutual funds or ETFs that are screened for Sharia compliance. These funds avoid companies involved in prohibited activities alcohol, gambling, conventional finance, etc. and ensure transactions are free from interest.
• Sukuk Islamic Bonds: These are asset-backed financial certificates that represent ownership in tangible assets or projects, offering returns based on rental income or profit-sharing from real economic activities, rather than interest.
• Real Estate: Direct investment in physical real estate residential or commercial is generally permissible, as it involves tangible assets and rental income. Consider Sharia-compliant real estate investment trusts REITs or crowdfunding platforms that facilitate ethical property investment.
• Commodities Trading Spot: Trading physical commodities like gold, silver, or agricultural products on a spot basis immediate exchange can be permissible, provided it avoids leverage, future contracts, and speculative intent. The focus is on actual ownership and trade.

3. Prioritize Education and Long-Term Planning

Sustainable wealth building is a marathon, not a sprint.

It requires continuous learning and a disciplined approach.

• Financial Literacy: Educate yourself on sound financial principles, budgeting, saving, and investing. Understand the difference between speculation and genuine investment.
• Professional Development: Invest in courses, certifications, or mentorship that enhance your professional capabilities.
• Long-Term Strategy: Develop a long-term financial plan that focuses on consistent saving, diversified ethical investments, and patience. Avoid the allure of “get rich quick” schemes.
• Avoid Debt Especially Interest-Bearing: Minimize or avoid conventional debt, which often involves interest riba. Prioritize saving and using capital from ethical sources.

By consciously choosing to engage in activities that contribute to real economic value, adhere to ethical principles, and focus on sustainable growth, individuals can build lasting wealth that is both financially rewarding and ethically sound.

This contrasts sharply with the high-risk, often short-lived outcomes associated with speculative trading platforms.

FAQ

What is Traderscale.com?

Traderscale.com is a prop trading firm that offers funded trading accounts to individuals who successfully pass their trading evaluation challenges, allowing them to trade with the firm’s capital and receive a profit split.

Is Traderscale.com legitimate?

Based on the website’s description, Traderscale.com appears to be a functioning prop trading firm. Cjdropshipping.com Review

However, the legitimacy in terms of ethical financial practices, particularly from an Islamic perspective, is highly questionable due to its reliance on speculative trading, leverage, and a challenge model that can resemble gambling.

How does Traderscale.com work?

Traderscale.com operates by having individuals pay an upfront fee to participate in a trading challenge either a 1-step or 2-step evaluation. If the trader meets specific profit targets while staying within defined loss limits, they are then granted access to a “funded” account firm capital and receive a percentage of any profits generated.

What are the main challenges offered by Traderscale.com?

Traderscale.com offers two main challenges: the “Speedy 1-Step Evaluation” and the “Pro 2-Step Evaluation,” both with various account sizes ranging from $25,000 to $200,000.

What are the prices for Traderscale.com challenges?

The prices vary depending on the challenge type and the funded account size.

For the 1-Step Evaluation, prices range from $356 to $1196. For the 2-Step Evaluation, prices range from $197 to $957.

What is the profit split offered by Traderscale.com?

Traderscale.com offers a standard profit split of 80% to the trader, which can be increased to 90% with an optional add-on at checkout.

What are the maximum daily loss and maximum loss limits?

For the 1-Step Evaluation, the maximum daily loss is 4% and the maximum loss is 8% trailing drawdown. For the 2-Step Evaluation, the maximum daily loss is 5% and the maximum loss is 10% trailing drawdown.

What is the profit target for Traderscale.com challenges?

For the 1-Step Evaluation, the profit target is 10%. For the 2-Step Evaluation, Step 1 requires a 10% target, and Step 2 requires a 5% target.

What leverage does Traderscale.com offer?

Traderscale.com offers up to 1:30 MAX leverage for the 1-Step Evaluation and up to 1:100 MAX leverage for the 2-Step Evaluation.

What is the minimum trading days requirement?

The 1-Step Evaluation requires a minimum of 10 trading days, while the 2-Step Evaluation requires a minimum of 3 trading days per step. Cleertax.com Review

Does Traderscale.com have a consistency rule?

Yes, Traderscale.com states that a consistency rule applies to their challenges, with details available in their FAQ section.

This rule often requires traders to distribute their profits consistently over the challenge period.

How quickly are payouts processed by Traderscale.com?

Traderscale.com advertises that payouts are processed within three days of receiving the request.

What withdrawal methods does Traderscale.com support?

Traderscale.com supports withdrawals via Rise and USDT.

Is there a refund policy for Traderscale.com challenges?

On the Pro 2-Step challenge, Traderscale.com states that you get a refund when eligible for a payout.

This means the challenge fee is refunded if you successfully pass the challenge and receive your first payout.

How does Traderscale.com support its traders?

Traderscale.com claims to offer 24/7 round-the-clock support in multiple languages.

Does Traderscale.com have a Trustpilot presence?

Yes, Traderscale.com prominently links to its reviews on Trustpilot from its homepage, encouraging users to read more about what their traders say.

What are the ethical concerns with prop trading firms like Traderscale.com?

The primary ethical concerns stem from the speculative nature of trading, the use of high leverage which amplifies risk and uncertainty, akin to gharar, and the fee-based challenge model that can resemble gambling qimar. The profit split structure can also raise questions about riba interest if not carefully structured to reflect true partnership.

Are there better alternatives to speculative trading for wealth creation?

Yes, better alternatives include engaging in real economic activities, starting or investing in ethical businesses that produce tangible goods or services, and pursuing Sharia-compliant investments like halal equity funds, sukuk, or direct real estate investment, all of which focus on genuine value creation and shared risk. Carodetail.com Review

Why do many traders fail prop firm challenges?

Many traders fail prop firm challenges due to strict rules like daily and overall loss limits, ambitious profit targets, the pressure of a timed evaluation, consistency rules, and the inherent volatility of leveraged trading markets.

The statistical probability of success is often low.

How long does it take to get funded after passing a Traderscale.com challenge?

Once a challenge is passed and the initial payout eligibility period e.g., 30 days, then every 14 days is met, Traderscale.com states that payouts are released within three days of request. The time to get funded i.e., start trading the live firm account is typically immediately after passing the final step of the evaluation.