Traders Central Review (15% cashback)
3.5

Traders Central Review (15% cashback)

Traders Central offer their clients a chance to get funded up to $2,000,000 while also providing them with an option of a free trial. They can opt for a monthly subscription or a one-time fee plan.
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Traders Central is a platform with a goal to connect traders who lack capital to backers and funds willing to provide them with the required capital. Funding services that they provide are through several affiliates.

Pros
  • Free Trial
  • Excellent Trustpilot rating of 4.3/5
  • Cheap funding program prices
  • Evaluation and instant funding programs to choose from
  • Maximum capital up to $2,000,000
  • Payouts every 14th and 28th of the month
  • Overnight and weekend holding allowed
  • News trading allowed
  • A large variety of trading instruments (all forex pairs, commodities, indices, stocks, crypto)
Cons
  • Robot live chat support

Traders Central is searching for profitable and experienced traders who will strive with their funds’ help by showing skills in unpredictable market conditions. They connect traders and brokers to backers for funding trading accounts and allow them to earn high profits by managing account sizes up to $2,000,000 and taking home profit splits up to 85%. They can achieve this by trading Forex pairs, gold & silver, indices, stocks, and cryptocurrencies.

Who are Traders Central?

Traders Central is a proprietary firm that started operating successfully in January 2020. They are based in Vancouver, Canada, and offer undercapitalized traders capital up to $2,000,000 in balance and profit split up to 85%. They are partnered with TCBridge Cop as their broker.

Their headquarters are located at 1285 W Broadway Vancouver, V6H3XE.

Video Review

Funding program options

Traders Central provides their clients with the following plans:

  • Evaluation program accounts
  • Instant funding program accounts

Evaluation program accounts

Traders Central evaluation program account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with up to 1:200 leverage.

Account sizePrice
$5,000$40
$10,000$56
$25,000$112
$50,000$200

Evaluation phase one requires a trader to reach a profit target of 8% while respecting their 5% maximum daily loss or 50% positive trading days and 10% 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 also have a 10 minimum trading day requirement that you are required to respect in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 4% while respecting their 5% maximum daily loss or 50% positive trading days and 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You also have a 10 minimum trading day requirement that you are required to respect in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout can be requested on the 14th and 28th of each month after you make a profit on your funded account, meaning that your profit splits are on a bi-weekly basis. Your profit split will be 85% based on the profit you make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. Note that the scaling plan is only available on the $50k evaluation program accounts. You are required to make a profit of 10% on your funded account in order to become eligible to scale your account. However, note that the 10% profit won’t be withdrawable if you choose to scale your account.

Account sizeProfit targetScaled account balance
$50,000+10% ($55,000)$100,000
$100,000+10% ($110,000)$200,000
$200,000+10% ($220,000)$400,000
$400,000+10% ($440,000)$1,000,000
$1,000,000+10% ($1,100,000)$1,500,000
$1,500,000+10% ($1,650,000)$2,000,000

Trading instruments for the evaluation program accounts are forex pairs, gold & silver, indices, stocks, and cryptocurrencies.

Evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8%, while phase 2 has a profit target of 4%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%. You can choose between the 5% maximum daily drawdown and the 50% positive trading day rule during the two evaluation stages. After receiving your funded account, you only have to respect the 5% maximum daily loss rule.
  • 50% Positive trading days expect you to end 50% or more of your trading days in profit. You can choose between the 50% positive trading day and the 5% maximum daily drawdown rule during the two evaluation stages.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase or request a withdrawal. Both phases have a 10 minimum trading day requirement. However, on a funded account, you have no minimum trading day requirements.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
  • No news trading means that traders are not allowed to trade during high-impact news releases. Note that you can trade news manually. However, automated news trading with bots that have the ability to read news and take instant trading actions in response is prohibited.

Instant funding program accounts

Traders Central instant funding program accounts have no maximum daily loss rule, only a maximum loss rule. There are also no time limitations, lot size restrictions, or consistency rules to follow. You should consider that you have a withdrawal target of 0.5%, which can be requested on the 14th and 28th of each month, meaning that your profit splits are on a bi-weekly basis.

Instant funding program account allows you to skip the evaluation period and jump directly into trading a funded account and earning profit splits. You are awarded a 60% profit split based on the profit you make while trading with 1:50 leverage.

Account sizePrice
$2,000$59
$5,000$147
$10,000$295
$25,000$687
$50,000$1,374

Instant funding program account scaling plan

Instant funding program accounts also have a scaling plan. Note that the scaling plan is only available on the $25k and $50k instant funding program accounts. You are required to make a profit of 10% on your account in order to become eligible to scale your account. However, note that the 10% profit won’t be withdrawable if you choose to scale your account. You should also consider that if you hit your maximum loss limit of 5%, you will get your account rolled back by one stage and not terminated. Your account only gets terminated if you hit the 5% maximum loss limit on your $25k account.

Account sizeProfit targetScaled account balance
$25,000+10% ($2,500)$50,000
$50,000+10% ($5,000)$100,000
$100,000+10% ($10,000)$200,000
$200,000+10% ($20,000)$400,000
$400,000+10% ($40,000)$1,000,000

Trading instruments for the instant funding program accounts are forex pairs, gold & silver, indices, stocks, and cryptocurrencies.

Instant funding program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. All instant funding program accounts have a withdrawal target of 0.5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 5%.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • No martingale allowed means that traders are not allowed to use any type of martingale strategy while trading.
  • No news trading means that traders are not allowed to trade during high-impact news releases. Note that you can trade news manually. However, automated news trading with bots that have the ability to read news and take instant trading actions in response is prohibited.

What makes Traders Cental different from other prop firms?

Traders Central differs from most industry-leading prop firms due to offering traders a chance to choose between evaluation and instant funding program accounts. They also have relatively relaxed trading rules with minimal restrictions with cheap program prices.

Traders Central evaluation program is an industry-average two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 4% in phase two with a 5% maximum daily or 50% positive trading days and 12% maximum loss rules, you are also required to trade for a minimum of 10 days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms, they have relatively low profit targets and higher minimum trading day requirements.

Example of comparison between Traders Central & My Forex Funds

Trading objectivesTraders CentralMy Forex Funds
Phase 1 profit target8%8%
Phase 2 profit target4%5%
Maximum daily loss5% (or 50% positive trading days)5%
Maximum loss10%12%
Minimum trading days10 calendar days5 calendar days
Profit split85%75% up to 85%

Example of comparison between Traders Central & FundedNext

Trading objectivesTraders CentralFundedNext
Phase 1 profit target8%10%
Phase 2 profit target4%5%
Maximum daily loss5% (or 50% positive trading days)5%
Maximum loss10%10%
Minimum trading days10 calendar days5 calendar days
Profit split85%80% up to 90%

Example of comparison between Traders Central & E8 Funding

Trading objectivesTraders CentralE8 Funding
Phase 1 profit target8%8%
Phase 2 profit target4%5%
Maximum daily loss5% (or 50% positive trading days)5%
Maximum loss10%8%
Minimum trading days10 calendar daysNo minimum trading days
Profit split85%80%

Compared to other prop firms, Traders Central also has instant funding program accounts, which allow you to start earning by skipping the evaluation stages. You can choose between five different account sizes, where you have relatively relaxed trading rules. You have no maximum daily loss rule. However, you are required to respect the 5% maximum loss limit. Another positive feature is that your withdrawal target is only 0.5%, which makes you eligible for bi-weekly profit splits of 60%. Instant funding program accounts also have a scaling plan.

In conclusion, Traders Central is different from industry-leading prop firms by offering two different funding programs. In addition, they also offer traders relatively relaxed trading rules with minimal restrictions with cheap program prices.

Is getting Traders Central capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from evaluation programs is realistic mostly since they have low profit targets (8% in phase one and 4% in phase two) with average maximum loss rules (5% maximum daily or 50% positive trading days and 10% maximum loss).

Receiving capital from instant funding programs is also realistic since they are direct funding programs where you can start earning from the start. You have a small 0.5% withdrawal target requirement to request your withdrawal, which can be requested on a bi-weekly basis.

After considering all of that, Traders Central is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Traders Central was incorporated in January 2020. Their clients are eligible for payouts every 14th and 28th of the month by achieving specific withdrawal targets depending on the funding program.

You can see payment proof on the video below:

Another source of payment proof can be found on their website by clicking here.

You can see an example of payment proof that some of the clients shared:

Which broker does Traders Central use?

Traders Central is partnered and uses TCBridge Cop as its broker. After painful experiences with brokers back in 2020, they decided to become their own brokerage.

As for trading platforms, they allow you to trade on MetaTrader 5. Note that you can also request Traders Central that you would prefer to trade on MetaTrader 4.

Trading instruments

Their traders can trade all instruments that are listed on their MT4/MT5 trading platforms (forex pairs, commodities, indices, stocks, cryptocurrencies).

FOREX:GBPUSDEURUSDEURJPYGBPJPYAUDUSD
USDCHFUSDJPYUSDCADNZDUSDAUDCHFAUDJPY
AUDNZDCADCHFCADJPYCHFJPYEURAUDEURCAD
EURCHFAUDCADEURGBPNZDJPYEURNZDGBPAUD
GBPCADGBPCHFGBPNZDNZDCADNZDCHF
COMMODITIES:XAUUSDXAGUSD
INDICES:FRA40GER30HKG50UK100NAS100
SPX500US30
STOCKS:AIRF.PABNPP.PADANO.PQLVMH.PASOGN.PA
TOTF.PAADASGnALVGBAYGnBWGCBKG
DAIGnDBKGnDPWGnEONGnLHAGSIEGn
VOWG_PIBE.MCMAP.MCSAN.MCTEF.MCAAPL
AIGAMZNAXPBABABABAC
CCSCOCVXEBAYFFB
FDXGEGOOGGSHLTHP
IBMILMNINTCJNJJPMKO
MAMCDMSFTNFLXORCLPFE
PGQCOMRACETTEVATSLA
TWTRVXOM
CRYPTO:BTCUSDDASHUSDETHUSDLTCUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX 7 USD / LOT (Monthly)
3.5 USD / LOT (OTF Challenge)
5 USD / LOT (OTF Instant)
COMMODITIES 7 USD / LOT (Monthly and OTF Challenge)
6 USD / LOT (OTF Instant)
INDICES 0.002%
STOCKS 0.1%
CRYPTO 0.5% (Monthly and OTF Challenge)
0.4% (OTF Instant)

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 5TCBridge-Demo121426rqrwwv1wClick here

Education & Support for traders

Traders Central does not provide any educational content on its website.

You can also find a thread about Traders Central on Forex Factory. You can find a lot of information and discussions about the firm itself by reading the thread. Besides that, you can read comments about experiences from their clients.

Traders Central has also been mentioned numerous times on Forex Factory in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind. 

To see the mentioned thread click here.

Another great feature that they offer is their free trial, making it possible for their traders to test the programs and features they are providing.

Traders’ comments about Traders Central

Traders Central has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an excellent score of 4.3/5 out of 916 reviews. 

A significant part of the Traders Central community praises their low pricing compared to other firms they provide. Additionally, they also offer plenty of discounts.

Another thing their community praises is their support team, who are supposedly super responsive and helpful with anything you require. They will do their best to assist you in any way possible.

Social media statistics

Traders Central can also be found on social media.

They have a:

  • Instagram account with 6,030 followers,
  • Facebook page with 3,619 followers,
  • Twitter account with 767 followers
  • Youtube channel with 2,55k subscribers and 517 uploaded videos,
  • Telegram account with 10,997 subscribers.

Support

Traders Central has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email help@traderscentralfund.com.

They also have 24/7 robot live chat for their clients to cover the basic information.

Conclusion

In conclusion, Traders Central is a legitimate prop firm offering you the chance to choose from two different funding programs: evaluation and instant funding. In addition, they also have relatively relaxed trading rules with cheap program prices.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Traders Central requires traders to reach profit targets of 8% in phase one and 4% in phase two before becoming funded, which are realistic trading objectives considering you have a 5% maximum daily or 50% positive trading days and 10% maximum loss rules to follow. With evaluation programs, you can earn 85% profit splits while also being able to scale your account.

Instant funding programs allow you to skip the evaluation period and jump directly into trading a funded account and earning your bi-weekly profit splits. These accounts also have relatively relaxed trading rules with no maximum daily loss limits and a small withdrawal target of 0.5%. With instant funding programs, you can earn 60% profit splits while also being able to scale your account.

I would recommend Traders Central to anyone who has been reaching consistent results, no matter the experience. They offer excellent conditions for a large pool of individuals with different trading strategies and styles. After considering everything Traders Central has to offer, they for sure have the potential to become one of the industry-leading prop firms.

This review about Traders Central was lastly updated on 05.09.2022 at 10:19 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Traders Central have the instruments that you want to trade?

Let us know if you enjoyed our Traders Central Proprietary Trading firm review!

Use our affiliate link for 15% cashback for your first purchase!

Traders Central Review (15% cashback) Details

Trading platform
Deposit Methods
Withdrawal Methods
Tradable instruments
Brokers
Account Currencies
Leverage
Maximum capital allocation
Account size up to:
$200,000
Traders Central Account
*Choose your account size and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
2.0
Customer Support
3.5 Overall Rating

4 Replies to “Traders Central Review (15% cashback)”

  • Mukasa Martin says:

    Traders central are a very shady and dishonest firm. Just have a look at their telegram group chat and you’ll see the incompetence.

    Waiting 3 or more days for login details of the stages, waiting for averagely 2 weeks for risk review of passed challenge accounts, waiting for more than a week for withdrawals. Some people have waited for way longer than that.

    It’s possible to pass the challenge and still be denied a live acc based on reasons that are not on their website. And this seems to be the norm for people interested in 100K and 200K accounts, because their own support said risk review isn’t done on accounts of 50K and lower value.

    • Prop Reviews says:

      Traders Central is a legitimate proprietary trading firm. However, note that they have a risk desk team that determines if the trading strategy you used to pass your evaluation challenge is what they are looking for and if it is profitable in the long run. If they think it isn’t a worthy trading strategy, they can indeed deny your live funded account and issue a refund of your challenge.

  • Lorenzo says:

    I passed a 200k challenge before they removed it and part of rules is no Minimum trading days once you are funded. I have to say that is a total lie. I wasn’t able to trade for about a month due to a work injury and I even contacted support and their Owner Shaun thru telegram. They closed my account due to me not trading enough.

    I never violated any rules and they closed it without warning and now they just completely ignore my requests for refund or a new account. Be careful, I suggest going with a honest firm. Skip this one.

    • Prop Reviews says:

      Kindly note that they have a rule where your account get’s terminated if you don’t trade for a certain time period. You are required to contact them about your absence upfront, not after your account already get’s terminated or is close to the termination.

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