Forex Prop Reviews present another proprietary trading firm review for our readers. This time we will discuss Leveled Up Society and what they’re offering to traders worldwide.
Nowadays, finding a prop trading firm that will suit your trading strategy and risk management plan is difficult. This is because the prop trading firm industry is evolving rapidly, and there are more and more prop firms available for traders to trade. With so many different options with specific trading objectives and rules, we’re here to help you find exactly what you’re looking for now.
Leveled Up Society Review
Leveled up Society is one of the newer prop trading firms in the industry that was incorporated in June 2022. They have U.S. offices and offer traders a chance to work with account sizes of $200,000 that can be merged up to $400,000. Traders are allowed to choose between four different two-step evaluation account sizes. Traders do have access to excellent trading conditions working with them.
Leveled Up Society Two-step Evaluation
The Leveled Up Society has a two-step evaluation account. The prop firm offers its Traders the following evaluation program accounts to choose from:
The firm aims to identify consistent and disciplined traders. Those traders get rewarded for their consistency throughout the two-phase evaluation period. The evaluation program account allows you to trade with one to 100 leverage.
Evaluation Account Phase 1
Phase 1 requires a Trader to reach a profit Target of 8% while not surpassing their 5% maximum daily loss of 8% maximum loss rules. You are required to hit your profit Target in 30 calendar days from the day you place your first position on your evaluation account. You must also trade a minimum of five trading days to proceed to phase two.
Evaluation Account Phase 2
Phase 2 requires a Trader to reach a profit Target of 5% while not surpassing their 5% maximum daily loss and 8%overall maximum loss rules. Phase 2 requires you to hit your profit Target in 60 calendar days from the day you place your first position on your evaluation account. You must also trade a minimum of five trading days to proceed to a funded account.
By completing both evaluation phases, traders are awarded a funded account with no profit targets. You are just required to respect the following:
- 5% maximum daily loss
- 8% overall maximum loss rules
The first payout is 30 calendar days from placing your first position on your funded account. Note that after you receive your first payout, all of your next payouts will be based on a bi-weekly basis. The profit split will be 80% based on the profit you make on your funded account.
The firm has a scaling plan. You are required to be profitable within three months. If two out of the three months were profitable, you’d receive an account increase of 25 of the original account balance.
The trading instruments for the evaluation program accounts are:
- Forex pairs
Leveled Up Society Rules for Evaluation Program
The essential rules traders need to follow throughout the evaluation program accounts always keep in mind the following:
- The profit targets during both the evaluation stages.
- The maximum daily.
- Overall maximum lost limits.
- The minimum trading day requirement.
Leveled Up Society is different from other prop firms. Leveled up Society is never really regulating your trading style. Some prop firms have very set rules and restrictions around when you can trade. With Leveled Up Society, you can trade:
- During news
- Hold trades overnight
- During the weekend
So, overall Leveled Up Society offers excellent conditions, some of which differ from most industry-leading prop firms. They have reasonably relaxed trading rules. Leveled Up Society Capital is realistic. The objectives are realistic since they have relatively low-profit targets with slightly below-average maximum loss rules.
So, Leveled Up Society is an excellent choice to get funded with. The evaluation program accounts you can choose from all have very realistic trading objectives and conditions to receive payouts.
Leveled Up Society Broker
Leveled Up Society uses Eightcap as its broker. Eightcap is an ASIC-regulated broker based out of Australia. They are very reputable in terms of trading platforms. They allow trading on Metatrader4 and Metatrader5.
Trading instruments and leverage
In terms of trading instruments, they have the following:
- Forex pairs with one to 100 leverage
- Commodities with one to 40 leverage
- Indices with one to Thirty leverage
- Cryptocurrency with one to two leverage
Leveled Up Society charges five dollars per round lot on all their trading instruments except cryptocurrency. In cryptocurrency, the commission is calculated based on the volume.
Education, Support, and FAQ
The firm has a reasonably in-depth FAQ section on its website regarding education and support for traders. You can get plenty of information.
The firm has a very well-structured dashboard that all of its clients can access, making it easier to manage risk with all the objectives of their statistics.
Leveled Up Society Trustpilot Ratings
Leveled Up Society on Trustpilot have excellent feedback. From their reviews, a large part of their communities gives excellent feedback. The overall sentiment that the Community is praising is that they’ve got a straightforward process and trading rules. They have a reliable customer support team that is patient and provides all the information an individual needs.
Leveled Up Society is a very legitimate prop trading firm. They’re offering Traders a chance to choose between different evaluation program account sizes. You can get your hands on plenty of capital. They have industry-standard two-phase evaluation challenges that have very realistic trading objectives.
Leveled Up Society is finding ways to separate itself from other prop firms and putting them on par with some industry-leading prop firms. That is why they continue growing in popularity and doing a great job in the prop firm industry. They are still a relatively new prop firm they do offer excellent conditions for a big pool of individuals with unique trading stars. Also, they have incredible potential in the prop trading firm industry and are suitable for all types of Traders.
Here’s the YouTube video: