Funded Academy vs Leveled Up Society

Overview of Funded Academy

Funded Academy stands out as an enticing option for traders looking for substantial capital, offering real accounts funded with up to $1,000,000. One of the firm's strongest perks is the frequency and generosity of its payouts, which range between 70% and 90% and are distributed bi-weekly. For traders who appreciate lifting the usual restrictions, Funded Academy allows overnight positions and news trading, which can be a decisive factor for many. Users opting for the Extended challenge enjoy exclusive benefits, which may cater to a more seasoned trader's needs. Their offering of 1:100 leverage on Standard challenge accounts is quite typical of the industry, neither too conservative nor excessively risky. With an account currency solely in USD, traders are somewhat limited in diversifying currency exposure directly through their account base currency, but this is standard for the industry. However, potential limitations include unspecified cons, which may need clarification for prospective users to make a fully informed decision. Certain rules such as a Lot Size Limit and a requirement for Stop Loss for each trade can both limit risk but also constrain more aggressive trading strategies. Their deposit methods are relatively broad, including crypto, which is increasingly in demand.

Evaluation of Leveled Up Society

Leveled Up Society competes closely with accounts fundable up to $1,000,000 and unlimited evaluation retries, offering a safety net for traders facing the challenge of qualifying for a live account. Remarkably, their profit share model is equally generous, ranging from 80% to 90%, with payouts occurring on a comparable fortnightly cycle. One of the unique features of Leveled Up Society is the account scaling, which can be an attractive aspect for traders showing consistent profitability. Moreover, the firm's inclusivity of comprehensive trading assets, including forex, commodities, and others, is appealing for those wanting diversification in their trading strategies. Having said that, the firm presents a few drawbacks; a trailing drawdown can be a point of contention, limiting traders' strategies. Prohibiting Martingale strategies and news trading could be seen as a limitation for those whose techniques rely heavily on these methods. Also, their withdrawal method through Deel is less common, potentially causing inconvenience for some traders.

Comparing Rules and Restrictions

The restrictions of both companies show a commitment to risk management but could also affect trading styles. For instance, Funded Academy does not allow weekend holding, which can interfere with longer-term trade setups. Similarly, Leveled Up Society's ban on Martingale tactics and news trading may frustrate traders who specialize in such strategies.

Payment Methods

When comparing Funded Academy and Leveled Up Society in terms of liquidity logistics, a distinct difference is the withdrawal methods—Funded Academy uses crypto, which might align well with technologically savvy traders, whereas Leveled Up Society employs Deel, which may not be as universally accessible or fast.

Account Options and Trading Instruments

Both firms offer a variety of account sizes, but Funded Academy's detailed list offers more options, which may cater to a wider range of trading appetites and financial statuses. As for the tradeable instruments, there is a large overlap. However, Funded Academy adds stocks to their portfolio, which might attract those interested in equity markets.

Incorporation and Industry Standing

Interestingly, both firms are relatively new in the market, with Funded Academy incorporated in July 2021 and Leveled Up Society just a few months earlier in April 2021. As a result, their long-term credibility and stability are not yet as established as some other prop firms in the industry.

Final Thoughts

Both Funded Academy and Leveled Up Society provide robust offerings for serious traders. Funded Academy trumps with flexible trading conditions and broad deposit methods, yet lacks clarity on certain cons. Leveled Up Society counters with a strong scaling feature and comprehensive asset coverage, though its restrictions on trading styles and less versatile withdrawal options could be a deal-breaker for some. Retail traders and potential users must weigh these factors based on their trading preferences, risk tolerance, and logistics needs when choosing between these two promising but distinct prop trading firms.