Are you an aspiring trader looking for a
reliable prop firm to kickstart your career? Look no further! In this comprehensive TheTradingCapital review, we'll explore what makes this Canadian-based proprietary trading firm stand out. From their generous profit splits (90%) to their flexible trading conditions (6% MDL, 12% TDD), we'll cover everything you need to know to decide if TheTradingCapital fits your trading journey.
TheTradingCapital Company Overview
Founded in 2019 in Mississauga, Canada, TheTradingCapital has quickly made a name for itself in the competitive world of prop trading. What sets this firm apart is its focus on quality over quantity. It aims to help talented traders achieve financial freedom through a supportive and flexible trading environment. Key highlights of TheTradingCapital prop firm include:
- An impressive 8% profit target during evaluation, one of the best in the industry;
- A generous 90/10 profit split, improved from their original 50/50 split;
- 125% refund on the first successful profit split;
- Scaling plan to increase account size up to $5 million based on performance.
TheTradingCapital’s Specifications Summary
Let's break down the key specifications of Thetradingcapital's prop firm offering:
Account currency | USD |
Minimum price | $297 |
maximum leverage | 1:100 |
maximum profit split | 90% |
Instruments | Currency Pairs, Indices, Metals, Commodities |
Assets | EUR/USD, GBP/JPY, AUD/CAD, DJ, ND & S&P500, Gold, Silver, Platinum, Oil |
evaluation steps | 2-Step |
Trading platform | MT4 |
Withdrawal methods | Bank/Wire Transfer, PayPal, TransferWise, Bitcoin, Skrill |
maximum fund size | $500,000 |
first profit target | 8% |
Max. daily loss | 6% |
Challenge time limit | Unlimited |
news trading | No Limits |
Maximum total drawdown | 12% |
commission per round lot | No |
trust pilot score | 3.2 |
payout frequency | Bi-Weekly |
established country | Canada |
established year | 2019 |
These specifications demonstrate Thetradingcapital's commitment to providing traders with flexible and competitive terms, setting them apart from many other prop firms in the industry.
TheTradingCapital Pros & Cons
To help you make an informed decision, let's examine the pros and cons of trading with Thetradingcapital:
Pros | Cons |
High profit split (90/10) | Limited information available on educational resources |
Low profit target (8%) | Relatively new company |
125% refund on first profit split | Mixed reviews on Trustpilot |
Flexible drawdown limits | - |
Scaling opportunities up to $5M | - |
While TheTradingCapital offers many attractive features, it's important to consider the potential drawbacks before deciding.
TheTradingCapital Funding & Price
The firm offers a range of account sizes to suit different trader needs and experience levels. Here's a breakdown of their funding options:
Account Size | Original Price | Sale Price |
$50,000 | $397.00 | $297.00 |
$100,000 | $697.00 | $497.00 |
$200,000 | $1,080.00 | $849.00 |
$500,000 | $2,200.00 | $1,849.00 |
The firm's pricing structure is competitive, with the 8% profit target and 90/10 profit split, making it an attractive option for many traders.
The 125% refund on the first successful profit split adds extra value, giving traders a chance to recoup their initial investment.
TheTradingCapital Evaluation Steps
Thetradingcapital's evaluation process consists of three main steps:
Conditions | PHASE 1 | PHASE 2 |
Trading Days | No Limits | No Limits |
Minimum Trading Days | 5 | 5 |
Profit Target | 8% | 5% |
Maximum Daily Loss | 6% | 5% |
Maximum Drawdown | 12% | 10% |
Alongside its adaptable trading conditions, TradeDay provides a range of features aimed at empowering traders for success:
- Traders are allowed to implement Expert Advisors (EAs) to automate their trading strategies;
- Trading during news events is permitted, giving traders the chance to take advantage of market volatility;
- Traders have the flexibility to maintain positions over the weekend, supporting long-term trading approaches;
- The firm offers a favorable 90% profit split to traders;
- With a 125% refundable fee, TradeDay adds further value for its traders.
TheTradingCapital Prop Firm Bonuses and Discounts
The prop firm does not currently offer direct bonuses, but has introduced discounts on challenge fees. Traders can benefit from reduced prices for various account sizes:
- The $50,000 evaluation fee has been reduced from $397 to $297;
- The $100,000 evaluation fee is now $497, down from $697;
- The $200,000 evaluation fee has dropped from $1,080 to $849;
- The $500,000 evaluation fee has been discounted from $2,200 to $1,849;
These discounts make it more affordable for traders to participate in evaluations and potentially secure funding.
What Instruments & Symbols Can I Trade on The Trading Capital Prop Firm?
The firm offers access to various asset classes, enabling traders to implement different strategies based on market conditions. The available instruments include:
- Currency Pairs (including EUR/USD, GBP/JPY, AUD/CAD, etc.);
- Indices (DJ, ND & S&P500);
- Metals (Gold, Silver, platinum);
- Commodities like oil.
This diverse selection empowers traders to diversify their portfolios and adapt to various market opportunities.
TheTradingCapital Payment Methods
The Trading Capital Prop Firm offers several convenient payment methods for withdrawals, ensuring traders have flexible options to access their funds. Payouts can be processed Bi-Weekly and through the following methods:
- Bank/Wire Transfer: Secure and direct transfer to your bank account;
- PayPal: Quick and easy transactions through one of the most popular online payment platforms;
- TransferWise: Cost-effective international transfers with favorable exchange rates;
- Bitcoin (BTC): A cryptocurrency option for those who prefer digital currency;
- Skrill: Another widely-used online payment service that allows for fast withdrawals.
TheTradingCapital Commission & Costs
Thetradingcapital's commission structure is straightforward and competitive:
- No hidden fees or charges;
- Standard spreads on all instruments;
- 90/10 profit split in favor of the trader;
- No commission on trades.
The absence of additional fees and the high-profit split make TheTradingCapital prop firm an attractive option for traders looking to maximize their earnings.
TheTradingCapital’s trust score on Trustpilot
The Trading Capital maintains a Trustpilot score of 3.2, indicating a generally not that favorable perception among its users. The firm has mixed reviews on this website, with both positive and negative experiences reported by traders:
Positive Aspects | Negative Aspects |
Some traders report receiving timely payouts | Complaints about poor communication |
Appreciation for the firm's favorable parameters | Long wait times for account credentials |
Positive experiences with customer service | Some traders describe the firm as incompetent |
It's important to note that online reviews should be considered alongside other factors when evaluating a prop firm. The mixed nature of the reviews suggests that individual experiences may vary.
TheTradingCapital’s Customer Support team
The firm provides customer support to assist traders with questions and concerns:
- Email support: support@thetradingcapital.com;
- Live chat on their website.
While some traders report positive experiences with customer support, others have complained about slow response times and unhelpful assistance. The firm may need to improve its support services to enhance the overall trader experience.
TheTradingCapital Prop Firm Social Media Channels
The firm maintains a limited presence on social media platforms:
- Instagram;
- YouTube;
- X.
The firm's social media activity is relatively low compared to other prop firms, which may limit opportunities for community engagement and real-time updates.
Expert Suggestions
In conclusion, TheTradingCapital [founded in 2019] offers an attractive proposition for experienced traders looking for flexible trading conditions and generous profit splits (90/10). While there are some areas for improvement, particularly in customer support (live chat & Email) and educational resources, the firm's overall offering makes it a compelling option in the competitive world of prop trading.
As always, it's essential to carefully consider your own trading goals and risk tolerance before committing to any prop firm. Write with your thoughts on TheTradingCapital prop firm in the comments below.
