Funded Academy vs Glow Node

Funded Academy Review

Funded Academy stands out as a competitive prop trading firm with a robust funding scheme that caters to traders seeking substantial financial backing. Offering real accounts of up to $1,000,000, Funded Academy provides an ideal opportunity for traders aiming to operate at a higher level. With profit shares ranging from 70% to 90%, traders can retain a significant portion of their earnings, which are payable bi-weekly. An additional perk of choosing Funded Academy is the 1:100 leverage offered on Standard challenge accounts. This level of leverage is quite generous and can significantly amplify profits, although it also increases risk. Traders will appreciate the firm's flexibility regarding trading styles, as it permits overnight positions and news trading, maneuvers often restricted by other prop firms. Extended challenge accounts benefit from unique advantages, although exact details are not specified here. Nevertheless, it is indicative of Funded Academy's commitment to tailor their offerings to suit diverse trader needs. However, every firm has its limitations. Firm 1 does have rules that may curtail some trading strategies, including a lot size limit, maximum daily and overall loss thresholds, a prohibition on weekend holding, a required profit target, a stop loss requirement, and risks associated with third-party copy trading and third-party expert advisors (EA). In terms of payments, Funded Academy accepts a range of deposit methods including cryptocurrency, credit/debit cards, and Perfect Money. Withdrawals can be made in cryptocurrency, which may be a limitation for traders preferring more traditional withdrawal methods. Funded Academy offers a wide array of account sizes from $10,000 to $1,000,000, catering to traders of all backgrounds. In addition, traders have a broad spectrum of tradeable instruments including crypto, forex, indices, metals, and stocks. Despite being relatively new in the industry with incorporation in July 2021, Funded Academy is establishing itself as a noteworthy player in the proprietary trading space.

Glow Node Review

Glow Node makes its mark as an up-and-coming prop trading firm with a strong focus on user credibility, boasting a high Trustpilot rating of 4.6/5. Offering evaluation options with instant funding, it provides quick access to capital which is a significant advantage for traders eager to jump into the markets. Glow Node matches Funded Academy's potential by offering funding up to $1,000,000 and maintains competitive features such as a scalable profit split that can reach 90%, similar to its contender. Moreover, the lack of a minimum number of trading days coupled with the ability to hold positions over weekends gives traders unparalleled flexibility. An alluring feature exclusive to Glow Node is the permission to trade during weekends on cryptocurrency markets, catering to those keen on capitalizing on the 24/7 nature of the crypto space. However, traders considering Glow Node must be aware of the lower leverage of 1:30 on all funding programs compared to Funded Academy's offering. The lower leverage could be seen as a limitation, particularly for those who rely on higher leverage to maximize their trading strategies. Additionally, the considerable one-time fee for instant funding could be a deterrent for traders with a tight budget. Glow Node's trading rules are relatively straightforward, with limitations on martingale strategies, and usual stipulations like maximum daily loss, maximum loss limitations, profit targets, and third-party copy trading, and EA risks. Deposit methods are slightly more restricted with bank wire transfers and credit/debit cards, possibly increasing the difficulty for those who prefer alternative payment solutions. Withdrawals are handled through Deel, a unique choice that may not be familiar to all traders. Being incorporated in April 2022, Glow Node is newer in the market compared to Funded Academy, yet it seems to be quickly striving for a strong position within the sector.

Comparative Insights

Both Funded Academy and Glow Node offer substantial opportunities for traders seeking large capital backing and competitive profit splits. Traders must weigh the benefits of higher leverage against the allure of instant funding, the flexibility of trading schedules, and the limitations imposed by each firm. The choice between the two may ultimately come down to individual preferences such as desired trading instruments, acceptable risk levels due to leverage differences, payment processing options, and rules that could affect trading strategy. It's also worth considering that the reputation and established nature of Funded Academy may offer some traders a sense of security, while the progressive features and user satisfaction of Glow Node could attract those willing to work with a newer firm. Retail traders and potential users should carefully evaluate their trading styles against each firm's offerings to determine the best fit for their needs, with the understanding that prop trading involves significant risk and should be approached with diligence and thorough analysis. Both Funded Academy and Glow Node have distinctive advantages, and the decision should align with the trader's goals, risk tolerance, and strategic preferences.