Blue Guardian vs Leveled Up Society

Firm Overview: Blue Guardian vs. Leveled Up Society

When comparing prop firms for potential trading partnerships, Blue Guardian and Leveled Up Society stand out with their unique offerings and relatively high account caps. Established in June 2019, Blue Guardian boasts a robust $400,000 standard account cap that can scale impressively to $2,000,000, an indication of its confidence in nurturing traders' growth. The firm has garnered an exceptional 4.8/5 Trustpilot rating, reflecting its strong reputation within the trading community. In contrast, Leveled Up Society, albeit younger with its inception in April 2021, does not lag much in competitiveness, offering account balances of up to $1,000,000, with the encouraging plus of unlimited evaluation retries for traders looking to grow with the firm.

Trading Conditions and Profit Sharing

Both Blue Guardian and Leveled Up Society are committed to offering substantial profit-sharing schemes. Blue Guardian's 85% profit share is appealing, yet Leveled Up Society slightly edges out with profit shares ranging from 80% to 90% and more frequent fortnightly distributions, a potential advantage for traders looking for regular income. The leverage offered by both firms stands at 1:100, offering significant market exposure, though this may also increase risk. Blue Guardian requires traders to achieve minimal evaluation goals of 8% and 4%, which suggests a more accessible path to becoming a funded trader. Both firms permit overnight and weekend trading—a boon for traders who operate with a longer time horizon or use strategies that require holding positions for extended periods.

Tools and Accessibility

In terms of trading tools and asset diversity, both firms score highly, providing a comprehensive user interface and a wide array of tradeable instruments including forex, commodities, crypto, indices, and metals. These options ensure traders are not boxed into a corner when diversifying their trading strategies.

Limits and Restrictions

However, Blue Guardian has a mandatory 5 trading days rule for its Elite Guardian tier, which can be a stumbling block for traders with less time flexibility. A notable con for potential users is the absence of a free trial, making it difficult for traders to get a feel of the firm's offerings before fully committing. On the flip side, Leveled Up Society's restrictive stance on the martingale strategy and news trading could deter traders who specialize in these methods. Also, the trailing drawdown for single-step accounts requires careful risk management, adding to the challenge.

Onboarding and Funds Management

Both firms offer convenient deposit methods via credit/debit cards and crypto options. However, Blue Guardian leads in terms of withdrawal methods, including bank wire, crypto, and Deel, compared to Leveled Up Society's single withdrawal method through Deel. This could be a deciding factor for traders who prioritize flexible access to their funds.

Account Offerings

Looking at account sizes, Blue Guardian showcases a wider variety in offerings, likely accommodating a broader spectrum of traders, from those looking to start small to those ready for significant capital engagement. In contrast, Leveled Up Society seems to have streamlined this aspect, which might be a part of their newer market approach.

Regulatory Framework and Trading Rules

Both entities maintain a standard set of rules including maximum daily loss, maximum loss, minimum trading days, and profit targets, essential in risk management. The restrictions on third-party copy trading and Expert Advisor (EA) risks are indicative of their emphasis on responsible trading measures.

Closing Thoughts

In summary, Blue Guardian appears to be catered towards traders who desire high account scalability and favor flexible trading strategies, including news trading. On the other hand, Leveled Up Society, with its higher profit share percentage and boundless evaluation retries, may appeal to traders focused on revenue and those who appreciate numerous opportunities to qualify for funding. Each firm has its trade-offs, and the best choice will invariably depend on the individual preferences and strategies of retail traders and potential users. Both prop firms offer commendable conditions, but a keen evaluation of their respective terms will be paramount for traders aiming to align with a firm that best fits their trading approach and financial goals.