Traders Launch prop firm provides funded accounts with up to $200k in capital for traders who can overcome their challenges by reaching the 2% profit target without violating the 0.8% maximum drawdown rule.
This prop firm provides its services through collaboration with the IBKR broker on the Volumetrica Trading platform.
Traders Launch Prop Firm Company Overview
Traders Launch, a US-based proprietary trading firm founded in 2023, has quickly made a name for itself in the prop trading industry. Led by CEO Max Thomas, the company aims to provide skilled traders with access to significant trading capital, offering accounts up to $200,000. What sets Traders Launch apart is its commitment to transparency and data-driven decision-making.
Traders Launch's approach focuses on supporting trader success while maintaining rigorous risk management standards. This balance has helped the firm establish itself as a trustworthy option for traders looking to scale their strategies and access larger capital pools.
Traders Launch Summary of Specifications
To give you a clear picture of what Traders Launch offers, let's break down its features:
Account currency | USD |
Minimum price | $109 |
Maximum leverage | 1:1 |
Maximum profit split | 80% |
Instruments | Futures contracts on metals and indices |
Assets | SPX, gold, Dow Jones |
Evaluation steps | 1-phase |
Trading platform | Volumetrica Trading |
Withdrawal methods | Bank wire, BTC, USDT |
Maximum fund size | $200,000 |
First profit target | 2% |
Maximum daily loss | No |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 0.8% |
Commission per round lot | From $0.25 |
Trust pilot score | 3.6 out of 5 |
Payout frequency | Weekly |
Established country | USA |
Established year | 2023 |
Traders Launch Prop Firm Pros & Cons
Let's weigh the advantages and disadvantages of choosing Traders Launch as your prop firm:
Advantages | Disadvantages |
Transparent profit target | Limited number of challenges |
No time limit on completing the challenge | Strict trading conditions |
News trading is allowed | Low Trustpilot rating |
Limited trading platform offerings |
Traders Launch Funding & Price
Traders Launch offers a transparent funding structure for futures traders. Here's a breakdown of these funding plans and associated costs:
Account size | $100k | $200k |
Price | 109/mo | $169/mo |
Although this challenge structure is simple, it lacks variety which leads to fewer options for choosing the best plan based on personal budget and trading goals.
Traders Launch Prop Registration & Verification
Registering and verifying your account with Traders Launch is a straightforward process designed to get you trading as quickly as possible. Here's a step-by-step guide to help you navigate the registration and verification process:
- Visit the Traders Launch website (traderslaunch.com)
- Choose a challenge and click on the "Buy it now" button
- Select "Create account" and enter your name, email, and choose a password
- Enter your Credit card details and billing address to buy the challenge
- Reach the profit target without exceeding the maximum drawdown
- Complete the KYC (Know Your Customer) verification process by uploading ID and proof of address documents
Traders Launch Evaluation
Traders Launch employs a one-phase evaluation process, streamlining the journey from aspiring trader to funded status. Here's a detailed look at the evaluation steps:
Account size | $100k | $200k |
Profit target | 2% | 1.5% |
Max drawdown | 0.8% | 0.5% |
Max contract size | 5 micros | 1 mini or 10 micros |
Profit split | 80% | |
Price | $109/mo | $169/mo |
This price structure means traders will face a huge challenge trying to pass Traders Launch evaluations.
Traders Launch Bonuses and Discounts
It's time to explore bonuses and discounts in our Traders Launch review. This prop firm offers various bonuses to attract and retain talented traders. Right now, traders can receive coupon codes in third-party websites and use them to get 25% off of the initial challenge price.
Traders launch also has an affiliate program. Traders can invite their friends to buy challenges and earn up to 25% commission on each purchase.
Traders Launch Prop Firm Trading Platforms
Traders Launch offers Volumetrica Trading as its main trading platform through Interactive Brokers (IBKR). Here's an overview of the key features of this platform:
- Real-time market data
- Advanced charting capabilities
- Risk management tools
- Multiple order types
Another major drawback of this prop firm is its lack of support for major trading platforms, including MT4 and MT5.
Available Instruments & Symbols on Traders Launch
Unfortunately, Traders who choose to buy challenges from traders Launch are limited to a few tradable instruments, including the S&P 500, Nasdaq-100, gold, and oil for futures trading. This means that if you are a professional crypto, bonds, commodities, forex, or individual stock trader, you can't use this platform.
Traders Launch Payment Methods
Traders Launch offers a range of payment methods to accommodate traders from various regions. Here's an overview of the available options. For Evaluation Fee Payments, traders can use credit and debit cards like Visa, MasterCard, AMEX, and more.
For Profit Withdrawals, traders have various options, including:
- Bank wire
- Cryptocurrencies
It's worth mentioning that the minimum payout in Traders Launch is $200.
Traders Launch Commission and Costs
Understanding the commission structure and associated costs is crucial when evaluating Traders Launch as your potential prop firm. Traders Launch has a low spread and charges no commission during the evaluation phase. For the funded stage, Traders Launch's commission is the same as that of Interactive Broker (IBKR).
Traders Launch Prop Firm Educational Resources Review
Traders Launch also lacks educational content and resources for beginner trades. You can only find a few tutorial videos about how the evaluation process works or what the scaling plan is. Traders who need educational resources to learn about prop firm trading can check out FTMO and My Funded Next educational resources.
Traders Launch Trust score
Traders Launch received a 3.6 out of 5 on the Trustpilot website from only 5 reviews. This is considered really low compared to famous brokers like Apex Trader Funding or FundedNext which have over 4.5 trust scores.
Trader Lunch Prop Customer Support
Trades Lunch doesn't offer various support channels. You can only contact them by sending messages on their Discord channel or use contact us page on the website.
Traders Launch Socials
Although Traders Launch has accounts on various social media platforms, it doesn't have an active presence on them. Traders Launch have social media accounts on:
- Discord: https://discord.me/traderslaunch
- YouTube: https://www.youtube.com/@traderslaunch
- X (Twitter): https://x.com/TradersLaunch
TF Expert Suggestion
Traders Launch 80% profit split, weekly payouts, and the $200 minimum payout threshold are the main benefits of trading with this prop firm.
On the other hand, the lack of variety in evaluation challenges (only 2), the low Trustpilot rating (3.6/5), and strict risk management rules are important disadvantages of using Traders Launch services.
