Glow Node Review

Glow Node is a proprietary trading firm that provides a premium funding plan for traders globally. Recognizing a gap in the market, they established their operations with the intention to equip traders with the capital they need to become more profitable.

Glow Node stands out in the proprietary trading firm domain by not only providing capital but also the necessary education to traders. They believe that collaborative efforts can ensure mutual success. By managing up to $1,000,000, traders can achieve up to 90% profit from forex pairs, commodities, indices, and cryptocurrencies.

About Glow Node

Founded in April 2022 by CEOs Sam Bradbury and Ryan Beasley, Glow Node operates from its London office. This UK-based firm offers three unique funding programs, each with its scaling plans allowing capital acquisition up to $1,000,000. Traders can utilize either MetaTrader 4 or MetaTrader 5 platforms with Eightcap as their broker.

‍

The company's official address is 86-90 PAUL STREET, LONDON, ENGLAND, EC2A 4NE, registered under company number: 14037065.

CEO's Profile

Sam Bradbury and Ryan Beasley are the dynamic co-founders of Glow Node.

Funding Options at Glow Node

Traders can select from three distinct programs:

• Two-phase evaluation program accounts
• One-phase evaluation program accounts
• Instant funding program accounts

Two-phase Evaluation Program Accounts

Glow Node's two-phase evaluation program is designed to recognize skilled traders showcasing consistent performance across two evaluation phases with a trading leverage of 1:30.

Both evaluation phases possess specific profit targets and loss limits. Once both phases are successfully cleared, traders receive a funded account. The payout schedule is bi-weekly, starting 14 calendar days from when the first trade is initiated on the funded account. Traders start with an 80% profit split, which can go up to 90% upon successful scaling of the funded account.

Scaling Plan

The two-phase evaluation accounts come with a scaling objective: achieve a 10% profit target within three months while ensuring the account remains in the green at the end of this period. Successful traders then receive an account boost of 30% of the original balance.

Example:

• After 3 months: $200,000 account scales to $260,000.
• After the subsequent 3 months: $260,000 grows to $320,000.
• Further 3 months later: $320,000 scales up to $380,000, and so forth.

Available trading instruments encompass forex pairs, commodities, indices, and cryptocurrencies.

Two-phase evaluation program account guidelines:

• The profit target signifies a designated profit percentage that traders must achieve before they can finalize an evaluation phase, take out profits, or upscale their account. For Phase 1, the set profit target stands at 8%, and for Phase 2, it's determined at 5%. For funded accounts, there aren't any specific profit targets.
• Maximum daily loss represents the topmost loss limit a trader can incur in one day before it results in an account breach. The daily loss limit is universally set at 5% across all account sizes.
• Maximum loss indicates the utmost loss a trader can incur cumulatively before the account is breached. For all account sizes, this threshold is set at 12%.
• The directive of no martingale allowed implies that traders should refrain from employing any form of martingale strategy in their trading activities.
• Third-party copy trading risk: Should you contemplate leveraging copy trading services, be wary that opting for a third-party copy trading service might coincide with other traders employing the identical trading strategy. Consequently, making use of such services carries the inherent risk of not being granted a funded account or withdrawal, particularly if the stipulated maximum capital allocation is surpassed.
• Third-party EA risk: If you're considering using an Expert Advisor (EA), be informed that when resorting to a third-party EA, there's a possibility other traders might also be utilizing the same. This identical strategy usage poses a potential risk, possibly leading to a denial of a funded account or withdrawal, especially if the maximum capital allocation gets breached.

One-phase evaluation program accounts

‍

Glow Node's one-phase evaluation program account provides traders the opportunity to fulfill the evaluation criteria within an unrestricted timeframe, utilizing a leverage of 1:30.

Within the evaluation, traders must achieve a 10% profit target without exceeding a 4% maximum daily loss and 8% total loss limits. Traders are granted an indefinite duration for this phase, only needing to hit the profit target without any minimum trading day constraints to advance to a funded status.

Upon successful completion of the evaluation, traders receive a funded account devoid of any profit targets. The only stipulations are the 4% daily loss and 8% total loss limits. The first remuneration is scheduled 14 calendar days post the inaugural trade on the funded account. Importantly, subsequent payouts, post the initial, will occur on a bi-weekly rhythm. Traders are entitled to 80% of their profits, which can surge to 90% upon effective account scaling.

Scaling Strategy for one-phase evaluation program accounts

One-phase evaluation program accounts come equipped with a scaling strategy. A profit target of 10% or higher must be achieved within a span of three months. Moreover, the account balance should remain in the green by the end of the third month. Successful traders are rewarded with a 30% increment of the initial account balance.

Illustration:

• Post 3 months: A $100,000 account ascends to $130,000.
• Following 3 months: $130,000 account balance climbs to $160,000.
• Subsequent 3 months: $160,000 account balance jumps to $190,000.

The pattern continues...

The one-phase evaluation program account permits trading in forex pairs, commodities, indices, and cryptocurrencies.

Guidelines for One-phase evaluation program accounts:

• Profit target: A pre-determined profit percentage, set at 10% for the evaluation phase, which traders need to achieve to either finish the evaluation, withdraw earnings, or upscale their account.
• Maximum daily loss: The upper limit of loss permissible in a single day, set at 4% across all account sizes.
• Maximum loss: The uppermost cumulative loss limit, fixed at 8% for all account sizes.
• No martingale: Traders must refrain from employing any martingale strategies in their trading operations.
• Third-party copy trading risk: Those considering third-party copy trading services should be aware of potential strategy overlaps with other traders. This overlap could risk denial of funded accounts or withdrawals if the maximum capital allocation is surpassed.
• Third-party EA risk: Contemplating the use of an Expert Advisor (EA) brings its own set of risks. Using third-party EAs that may already be in use by others carries the risk of identical strategy implementation. Such overlaps might result in potential denials of funded accounts or withdrawals if traders breach the maximum capital allocation limit.

Instant funding program accounts

Glow Node’s instant funding program account offers traders the privilege of bypassing the evaluation phase, enabling them to profit immediately. Traders enjoy a profit split ranging from 80% to as high as 90% based on their trading success, all while utilizing a 1:30 leverage. It's essential to highlight that there aren’t any time constraints, either minimum or maximum.

Instant funding program account growth strategy

Instant funding program accounts encompass a growth strategy. A 15% or higher profit target must be achieved within a span of three months. Furthermore, by the conclusion of the third month, the account balance needs to be in the green. Successful traders benefit from a 30% increase in their initial account balance.

Scenario:

• By 3 months: On a $100,000 account, the balance rises to $130,000.
• Following 3 months: The $130,000 balance escalates to $160,000.
• Subsequent 3 months: The balance of $160,000 swells to $190,000.

This progression continues...

For the instant funding program accounts, permissible trading instruments include forex pairs, commodities, indices, and cryptocurrencies.

Instant funding program account guidelines:

• Maximum daily loss: This represents the ceiling on the daily loss a trader can incur before breaching account guidelines. All account sizes set this limit at 5%.
• Total maximum loss: This is the overarching loss limit a trader can sustain before the account gets violated, set universally at 5% for all account sizes.
• No martingale: This stipulation bars traders from adopting any variety of the martingale trading technique.
• Third-party copy trading implications: If traders contemplate utilizing copy trading services, it's pivotal to recognize the potential overlap with other traders using the same third-party service. This similarity in trading strategies could jeopardize your funded account or withdrawal opportunities if the allocated capital threshold is crossed.
• Third-party EA considerations: Should traders mull over deploying an Expert Advisor (EA), it's critical to fathom the potential that others might be utilizing the same third-party EA, leading to mirrored trading strategies. Such overlaps can jeopardize the funded account or withdrawal opportunities if the set capital allocation limit is surpassed.

How Does Glow Node Stand Out Among Prop Firms?

Glow Node distinguishes itself from numerous top-tier firms by presenting traders with three diverse funding options: one-phase evaluation, two-phase evaluation, and instant funding programs. One of the major perks of trading with Glow Node is the extensive flexibility they provide in trading strategies; trading during news events, maintaining trades overnight, and over weekends are all permissible.

Glow Node's dual-phase evaluation mandates traders to navigate through two stages prior to qualifying for bi-weekly compensations. The objectives are set at 8% for phase one and 5% for phase two, alongside a 5% daily cap and a 12% overall loss restriction. Importantly, there’s an absence of any constraints on the number of trading days within each phase before transitioning to the funded account. This bi-phase program also encompasses a scaling strategy. When pitted against its contemporaries, Glow Node maintains median profitability goals but offers more accommodating trading guidelines, eliminating the boundaries of minimum and maximum trading days.

Comparison between Glow Node & My Forex Funds:

Comparison between Glow Node & FundedNext:

‍

Comparison between Glow Node & E8 Funding:

In the one-phase evaluation scheme with Glow Node, traders can opt from various account sizes and need to finish a singular phase to be eligible for bi-weekly payouts. This plan targets a 10% profit, combined with a 4% daily and an 8% overall loss bracket. This singular phase program also integrates a scaling design.

Further, Glow Node's instant funding program offers the luxury of immediate earnings from the outset, disbursed bi-weekly. Key guidelines include a 5% daily and an equal overall loss bracket. Scaling is also integrated into this scheme.

Conclusively, Glow Node's unique offerings of three versatile funding schemes, coupled with lenient trading rules—such as unrestricted trading times and weekend trades—give it an edge over many top prop firms. However, traders should be aware of the prohibition against martingale strategies.

Is Securing Funding through Glow Node Practical?

When evaluating prop firms compatible with your forex trading preferences, it’s vital to gauge the feasibility of their trading conditions. Even if a firm proposes a tempting profit share on sizable accounts, if they demand steep monthly profits against meager drawdown limits, it dwindles the likelihood of actual success.

With its two-phase evaluation scheme, Glow Node emerges as a feasible option due to its moderate profit aims of 8% in the initial phase and 5% in the sequel, paired with a generous loss allowance.

The single-phase program too stands realistic, demanding a 10% profit over an unlimited duration, coupled with 4% daily and 8% total drawdown limits.

The instant funding scheme further bolsters the realism, abolishing evaluation phases and allowing traders to start reaping benefits instantly with the ease of bi-weekly withdrawals.

Taking into account these facets, Glow Node indeed presents as an attractive avenue for traders aspiring for funded accounts, thanks to its trio of funding schemes with pragmatic trading conditions and regular payout cycles.

Proof of Payment

Established in April 2022, Glow Node came into existence through the collaborative efforts of its co-founders, Sam Bradbury and Ryan Beasley. It's noteworthy for traders to understand that they can process their initial withdrawal request after a span of 14 calendar days, applicable to all three funding schemes offered by Glow Node. Subsequent to this initial payout, traders should be aware that every subsequent disbursement will be scheduled on a bi-weekly interval.

For those seeking tangible proof of payouts, Glow Node's Discord channel features a section labeled "payouts". Within this channel, certificates are displayed, showcasing successful profit withdrawals made by various individuals.

‍

Broker Affiliations of Glow Node

Glow Node partners with Eightcap as its primary broker.

Stationed in Melbourne, Australia, Eightcap is an esteemed broker under the stringent regulation of ASIC. Since its inception in 2009, Eightcap has consistently strived towards one clear objective: delivering superior financial services to its clientele. This commitment has led to their global presence, with offices situated in five distinct locations. Their regulatory compliance across various jurisdictions further enhances their capacity to cater to a broad spectrum of clients, allowing trades spanning FX, indices, commodities, and shares.

In terms of trading platforms, Eightcap grants its users the flexibility to operate either on MetaTrader 4 or MetaTrader 5.

Trading instruments

Glow Node lets users trade forex pairs- 1:30 leverage commodities- 1:10 leverage indices- 1:10 leverage and cryptocurrencies- 1:3 leverage.

Spread:

To see the live spreads, use these login to gain access to the trading account below.

[Option 1]

Platform: MetaTrader 4

Server: EightcapLTD Demo3

Login Number: 2145781908

Password: 3HfxtWj

Download Platform: Click here

‍

[Option 2]

Platform: MetaTrader 5

Server: Eightcap PTY

Login Number: 4566532

Password: v21ojNWs

Download Platform: Click here

‍

Guidance & Assistance for Traders

On its official site, Glow Node hasn't incorporated any supplementary educational resources.

Yet, there's a notable thread on ForexFactory titled "PROP FIRM HUB" curated by MasterrMind, in which Glow Node is frequently cited.

To explore this thread, click here.

Further enhancing their platform, Glow Node has seamlessly designed a dashboard that's accessible to all traders. This feature ensures a hassle-free experience by displaying and regularly updating trading rules, objectives, and pertinent statistics, thus simplifying risk management.

Feedback from Traders Regarding Glow Node

An overwhelming positive sentiment resonates from the reviews about Glow Node.

‍

On Trustpilot, a diverse spectrum of their community has lauded their services, leading to an impressive rating of 4.6/5 based on 89 reviews. A significant chunk of their user base extols their transparent trading guidelines and objectives. Additionally, their consistent engagement on their Discord channel has also been highly appreciated.

Moreover, a recurring compliment is directed towards their adept customer service team, renowned for their swiftness and proficiency in addressing any concerns.

Digital Presence Metrics

Glow Node has also marked its footprint on various social media platforms:

• Their Twitter profile boasts 3,935 followers.
• Their Facebook page has amassed 372 followers.

Their Discord channel is brimming with 3,886 members, an excellent place to keep up with the latest updates, seek assistance, or engage in insightful conversations about trade techniques.

Help & Assistance

A comprehensive FAQ segment on Glow Node provides users with general insights.

Their support staff is reachable via their social media handles, or for a more direct approach, you can drop them an email at support@glow-node.com.

Their proactive live chat feature enables users to drop in queries and expect a response via email. Their Discord also has a designated Support channel catering to any assistance or technical needs.

Final Verdict

Summing up, Glow Node stands as an authentic proprietary trading firm, offering its traders an array of three distinctive funding schemes: the two-phase evaluation, one-phase evaluation, and the direct funding programs.

The two-phase evaluation initiative is a mainstream twin-phase evaluation trial that mandates the successful conclusion of both phases prior to attaining funding and qualifying for bi-weekly profit splits. Glow Node delineates clear profit milestones of 8% in the initial phase and 5% in the subsequent, grounded on achievable trading targets, given the 5% daily ceiling and 12% total loss parameters. Participants in the two-phase evaluation can anticipate a profit share ranging between 80% to 90%, accompanied by the perk of account scaling.

In the realm of the one-phase evaluation, traders have the liberty to pick from a spectrum of account dimensions. Here, the solo-phase evaluation mandates reaching a 10% profit goal during an indefinite timeframe, backed by 4% daily and 8% overall loss constraints. Participants can aspire for a profit share spanning from 80% to 90%, paired with account scaling.

Lastly, the instant funding blueprint bypasses the evaluation phase, propelling traders directly into the trading realm with a funded account, ripe for bi-weekly profit acquisitions. This scheme is devoid of temporal confines but mandates adherence to specific trade and risk guidelines. Participants can anticipate a profit share fluctuating between 80% to 90%, complemented by account scaling privileges.

Endorsing Glow Node comes effortlessly, especially for those scouting for a prop firm with transparent and lenient trading regulations. Their stature as a seasoned proprietary trading establishment offering three unique funding blueprints garners attention. Their accommodating conditions cater to a vast demographic, regardless of their trading tactics. Evaluating all dimensions, Glow Node undoubtedly stands tall amongst the top-tier proprietary trading enterprises.

This assessment of Glow Node was most recently refreshed on 17.08.2023 at 06:51 CE(S)T.

So, what's your take on this Proprietary Trading firm's structure? Is Glow Node equipped with the tools you're eager to trade with?

Share your feedback on our comprehensive review of Glow Node Proprietary Trading firm!