Clarity Traders is one of those rare prop firms with a profit share of up to 100%. Also, there are other benefits, including the low minimum fee of $50 and unlimited trading periods.
What about its flaws? Read this comprehensive review of Clarity Traders to get a balanced perspective of it and see if this prop firm is the right choice for you.
Clarity Traders Prop Firm Company Overview
Clarity Traders is a U.S.-based proprietary trading firm headquartered in Delaware. This company was founded by Anthony Alvarenga, better known in trading circles as Mamba FX. There's not much information available about the firm, but here's what we found:
- Founded Date: 2022
- Address: 8 The Green Suite B, Dover, Delaware 19901
Table of Features
As a tradition in our reviews, in this section we are going to provide you with a table containing key specifics of the firm. Here's a quick rundown of what we know about Clarity Traders:
Account Currency | USD |
Minimum Price | $50 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 100% |
Instruments | Forex, Metals, Commodities, Indices, Crypto |
Assets | Not Specified |
Evaluation Steps | 1-Step, 2-Step |
Withdrawal Methods | Crypto (USDT) |
Maximum Fund Size | $300K |
First Profit Target | From 8% |
Max. Daily Loss | From 4% |
Challenge Time Limit | Unlimited |
News Trading | Not Specified |
Maximum Total Drawdown | From 6% |
Trading Platforms | MetaTrader 5, TradeLocker |
Commission Per Round Lot | $7 for Forex symbols None for Other Instruments |
Trustpilot Score | 3.0 out of 5 |
Payout Frequency | Bi-weekly |
Established Country | United States |
Established Year | 2022 |
What Pros and Cons Should You Consider?
When considering Clarity Traders as your prop firm of choice, it's crucial to weigh both the advantages and disadvantages. Here's a balanced look at what the firm brings to the table:
Pros | Cons |
High Profit Split of Up to 100% | Consistency Rule in 1-Phase and Traditional Accounts |
Three Distinct Evaluation Programs | Lack Of Extensive Track Record |
Competitive Challenge Pricing | - |
Diverse Account Sizes | - |
Account Sizes and Purchase Fees
Clarity Traders provides a diverse range of accounts with various sizes. This sets the ground for traders with different amounts of budget. Here's a breakdown of its pricing and funding structure:
Account Size | $5K | $10K | $25K | $50K | $100K | $200K | $300K |
1 Phase Price | $66 | $132 | $199 | $299 | $499 | $959 | $1,429 |
Traditional Price | $50 | $99 | $149 | $292 | $492 | $949 | $1,399 |
Accelerated Price | $63 | $125 | $189 | $372 | $626 | $1,209 | $1,782 |
Note that these fees are refundable after passing the challenges. This pricing structure allows traders to start with smaller, more affordable challenges and work their way up to larger account sizes as they prove their skills.
How to Create an Account and Verify with Clarity Traders
Registration with this prop firm is a simple and short process. Here's a helpful brief tutorial to opening your account:
- Visit the main page of the website and click "Create Account";
Click the "Create Account" button to enter the registration form - Provide your email address, then click the link sent to your inbox for the verification;
- Complete the form with your full name, then create a complex password (birth date and phone number are optional).
Now, your account is created on the website. Upon successful completion of the challenge, submit your identity verification documents in order to receive your funded account.
Evaluation Programs and Challenge Rules
Clarity Traders offers three different evaluation paths for aspiring funded traders. These programs will be investigated in the table below. 1 Phase Program:
Stage | Evaluation | Funded |
Min. Trading Days | 1 | N/A |
Min. Daily Loss | 4% | |
Max. Total Drawdown | 6% | |
Profit Target | 10% | N/A |
Consistency Rule | 30% | |
Traditional Evaluation:
Stage | Stage 1 | Stage 2 | Funded |
Min. Trading Days | 5 | N/A | |
Min. Daily Loss | 5% | ||
Max. Total Drawdown | 8% | 10% | |
Profit Target | 8% | 5% | N/A |
Consistency Rule | 30% | - | |
The third program titled "Acceleration" is the same as "Traditional", except that it does not have a consistency rule.
Traders can choose the challenge that best fits their trading style and experience level. The 1-Phase option is great for confident traders who want to prove themselves quickly, while the 2-Step challenges allow for a more gradual approach to reaching funded status.
Does Clarity Traders Come With Any Bonuses And Promotions?
As per our thorough and extensive investigations, Clarity Traders does not offer any specific bonuses or promotions. This is not uncommon for prop firms in the industry. Instead, they provide discount codes via official sources or on third-party websites. Therefore, look up for any of these and check them out.
Currently, they provide a 35% discount on all challenges via this code: SPOOKY35. However, this offer is valid until October 31st.
Which Symbols Can I Trade On Clarity Traders?
Clarity Traders does a good job in providing diverse trading instruments. Here's a breakdown of the available asset classes:
- Forex: Popular and minor currency pairs
- Metals: Gold and Silver
- Commodities: WTI, BRENT & NGAS
- Indices: Global indices
- Cryptocurrencies: [BTC], [ETH], [LTC], and [BCH]
Payment Options
Clarity Traders offers a typical approach to payments, similar to most of its peers. These are the payment options available with the firm:
- Credit/Debit Cards
- Cryptocurrencies
The only option for payouts is crypto, which is limited to USDT. There's no more detail available for payment methods.
Commissions and Costs in Trading Different Symbols
Understanding the fee structure is crucial when choosing a prop firm. Clarity Traders tries to provide transparent information regarding trading commissions:
- 7 USD per lot for trading Forex pairs
- No trading fees in trading other symbols
The firm offers useful data on trading fees, but there's no information available about the spreads or costs in other operations and sections.
Clarity Traders Reviews and Trust Scores
Trust scores can tell us whether a firm is reliable and reputable, and it's available on several websites, including the Trustpilot. Clarity Traders is reviewed only on the mentioned website:
- Rated 3.0 out of 5;
- More than 40 reviews;
- Around 55% of the scores are 5-star;
- No replies to negative reviews from the firm.
It's important to note that online reviews can be subjective and may not represent every trader's experience. The 3.0 rating indicates room for improvement, but also suggests that some traders have had positive experiences with the firm.
How and When to Contact Customer Services in Clarity Traders
Clarity Traders offers three common channels for customer support, aiming to assist traders with their queries and concerns. You have 3 options for contacting the support team:
- Live Chat: Provides real-time assistance via the website
- Ticket System: On the website for detailed issue reporting
- Email: Similar usage as with the ticket system via support@claritytraders.com
The firm states that the support team is available to assist clients 24/7.
Presence On Social Media
Clarity Traders' social media presence appears to be minimal, which is unlikely for companies operating in financial industry. In the list below, we provide links to each account:
- Instagram: https://www.instagram.com/claritytraders
- YouTube: https://www.youtube.com/@tradingwithclarity/
While a strong social media presence isn't necessarily indicative of a prop firm's quality, it can provide valuable insights and foster community trust. Traders interested in Clarity Traders may need to rely more heavily on direct communication with the firm and independent research for information.
Expert Suggestions
Clarity Traders appears to be a suitable and reliable prop firm with a 100% profit share, which is very uncommon among this kind of companies. Moreover, it provides 3 distinct evaluation programs with no time limits.
However, there are some negative reviews from users about this company that need to be considered before getting started with it.
