FTMO vs Leveled Up Society

FTMO Review: A Veteran Player with a Strong Support System

FTMO has proven itself to be a stalwart in the prop trading firm landscape, offering traders a robust support network that is unparalleled in the industry. With over 4,000 Trustpilot reviews averaging 4.9 out of 5, it showcases an exceptional level of trader satisfaction. The standout feature is its round-the-clock customer support, ensuring traders have access to assistance at any hour—crucial in the 24/7 forex market. The firm provides a Trading Psychologist, a unique offering that can help traders manage the emotional challenges of trading, potentially improving their performance. Its scaling plan is designed to reward successful traders by progressively increasing their trading capital. Transparency is another strength, with CEOs maintaining a public presence, adding a layer of trust. FTMO caters to a variety of traders by offering a free trial and unlimited evaluation retries while issuing bi-weekly payments with generous 80%-90% profit splits. The firm grants flexibility in trading approaches with no cap on duration (requiring only a minimum of 4 days of trading), 1:100 leverage, and an array of diverse tools. This allows traders of all styles to find their place within the FTMO ecosystem. Nevertheless, there are limitations to consider. Educational resources from FTMO may cater more to beginners, which might not be suitable for advanced traders seeking to further refine their skills. Additionally, there's a ceiling on account sizes with a cap of two accounts at $200,000 each, which might restrict traders looking to manage higher amounts of capital.

Leveled Up Society Review: Rising Challenger with High Capital Opportunities

Leveled Up Society, although newer with its inception in April 2021, does not shy away from providing ambitious features. The firm’s ability to offer traders account balances up to $1,000,000 with unlimited evaluation retries sets it apart, making it particularly attractive to traders seeking higher stakes and growth opportunities. The profit split remains competitive, ranging from 80% to 90%, and the firm maintains a fortnightly distribution system. Leveled Up Society provides the flexibility of keeping positions open over the weekend and overnight, which may appeal to swing traders who look for opportunities beyond the day trading scope. The account scaling feature encourages traders by increasing their capital base on consistent profitability. Traders have a vast array of instruments at their disposal, including forex, commodities, indices, metals, and more, providing them with plenty of markets to trade. The leverage offered stands at 1:100, on par with FTMO, supporting similar trading styles despite their different market positioning. On the flip side, Leveled Up Society imposes constraints such as no martingale tactics and restrictions on news-based trading, which may deter some strategies. Additionally, a trailing drawdown is enforced, adding a risk management aspect that some traders might find restrictive.

Trading Rules and Financial Flexibility

Both FTMO and Leveled Up Society have a set of strict rules in place, such as maximum daily loss and overall maximum loss limits, which are common in the industry to control risk. They both require a minimum number of trading days and have profit targets that must be reached. Both firms restrict third-party copy trading and EA risks, aiming to ensure responsible trading practices. In terms of financial transactions, FTMO offers more traditional deposit methods like bank wire transfers and credit/debit cards, on top of cryptocurrencies. In contrast, Leveled Up Society keeps to credit/debit cards and crypto, which might limit some traders who prefer other methods. Withdrawals from FTMO can be made via bank wire or crypto, whereas Leveled Up Society handles withdrawals exclusively through Deel, which may not be as well-recognized internationally.

Product Offerings and Global Access

FTMO takes a lead in the variety of account currencies, providing options across AUD, CAD, CHF, CZK, EUR, GBP, and USD, which may be enticing for international traders who prefer to manage their capital in different currencies. In contrast, Leveled Up Society offers accounts in USD only, which may simplify operations but also limits options for global traders. Tradeable instruments for both firms are comprehensive, but FTMO extends its offerings to include bonds and stocks, giving traders access to a broader spectrum of financial markets. The varying account sizes and currencies available with FTMO also reflect a conscious effort to tailor their offerings to a global audience.

Conclusion: Variety Versus Specialization

In conclusion, both FTMO and Leveled Up Society offer compelling features but cater to slightly different trader profiles. FTMO's extensive support, broad market access, and flexible trading specifications suit traders who value a high degree of support and diversity in trading instruments. Meanwhile, Leveled Up Society, with its high account balance and straightforward approach, may be better suited for traders aiming for large capital growth with a singular focus on the most common trading instruments. Retail traders and potential users should weigh these details carefully against their personal trading preferences, goals, and strategies to make the most informed decision on which prop firm aligns best with their aspirations and operational style.