EverTrader is a prop trading firm co-founded by Dominik Kovarik, a professional trader and investor with extensive experience in the industry. Established in January 2022, EverTrader aims to address the issue of under-capitalization faced by traders and provides talented traders with the opportunity to trade with funded accounts. Let's delve into the unique features, pros and cons, and overall experience of trading with EverTrader.
About EverTrader
EverTrader has been helping ambitious traders since its inception, providing training to over 11,000 investors and traders. The company's main objective is to identify talented traders with strong risk management skills and offer them three main solutions: a structured evaluation program, the elimination of personal capital risk, and the provision of funded accounts with up to $200,000 in capital.
What's Unique about Ever Trader?
Evaluation Program:
EverTrader employs a 2-phase evaluation program to assess traders' skills. The first phase focuses on following regulations and reaching a profit target within 30 days, while the second phase emphasizes consistency. Successful traders can then earn real money and trade with up to $200,000.
Risk Management and Psychological Ease:
By removing personal capital risk and assuming responsibility for losses, EverTrader eases psychological tension during trading. Traders can focus on managing risk and executing their strategies without the fear of personal financial losses.
Refundable Fee:
EverTrader stands out by refunding your egistration fee immediately after completing Phase 1, which is rare in the industry. This demonstrates the company's confidence in your potential and appreciation for your efforts.
Pros and Cons of Ever Trader
Pros:
Leverage and Instruments: EverTrader offers leverage up to 1:100, allowing traders to maximize their trading opportunities. Additionally, traders can access various instruments, including stocks, stock indices, forex, and commodities, without position size limits.
Flexibility in Trading Strategies: Traders have the freedom to trade with their preferred strategies and styles. They can hold trades overnight, over weekends, and during news events, and even use Expert Advisors (EAs) if desired.
Account Growth and Profit Split: EverTrader's Progressive Plan ensures account growth for consistent traders. As traders demonstrate long-term consistency, the prop firm progressively increases their account size and profit split up to 90%, enabling them to trade with larger amounts, potentially up to $1 million.
Cons:
No Free Trials: EverTrader does not offer free trials, which may deter some traders who prefer to test a platform or service before committing financially.
Newly Established Prop Firm: As a relatively new player in the industry, EverTrader may not have the same level of recognition or reputation as more established prop trading firms. However, this does not necessarily diminish its potential or the benefits it offers.
Occasional Sales: EverTrader's sales or promotional offerings may not be available year-round, which could limit the timing for traders to take advantage of specific deals or discounts.
The Final Score
EverTrader is a promising prop trading firm. Although relatively new to the industry, EverTrader differentiates itself by offering a refund of the registration fee immediately after Phase 1, demonstrating its commitment to traders' success. Traders also gain access to professional support, proprietary trading tools, and unusual market data through EverTrader's platform. With funded accounts of up to $200,000 and profit splits of up to 90%, EverTrader aims to foster long-term relationships with consistent traders and potentially help them trade with up to $1 million. While free trials are not available, EverTrader's unique offerings and dedication to trader success make it a compelling option.
Getting Started
Click here to visit the EverTrader Website and automatically claim your Prop Up Trading Discount
Choose your preferred trading platform from MT4 and MT5.
Download the trading platform.
Log in to your account.
Fund your account.
Start trading.
Always remember before you start prop trading with any prop firm, it’s important to thoroughly check all the details and rules on their website.
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