Traderslaunch.com Reviews

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Traderslaunch.com Review & First Look

Traderslaunch.com positions itself as a prop trading firm, aiming to identify and fund profitable traders in the futures and crypto markets.

The website emphasizes a straightforward approach with promises of significant starting capital, ranging from $100,000 to $200,000, and attractive profit splits.

0.0 0.0 out of 5 stars (based on 0 reviews) Excellent0% Very good0% Average0% Poor0% Terrible0% There are no reviews yet. Be the first one to write one. Your review Your overall rating Select a Rating5 Stars4 Stars3 Stars2 Stars1 Star Title of your review Your review Your name Your email This review is based on my own experience and is my genuine opinion. ​ Submit Review

Amazon.com: Check Amazon for Traderslaunch.com Reviews Latest Discussions & Reviews:

The user interface appears clean and concise, directing visitors toward understanding their funding model and pricing tiers.

• Initial Impression: The site is designed to attract aspiring traders with promises of substantial capital and minimal restrictions. It highlights flexibility and transparency as core values.
• Key Selling Points:
  • High Starting Capital: Offers evaluations for $100,000 and $200,000 accounts.
  • No Consistency Rule Once Funded: This is a major draw for many traders, as it reduces pressure on daily performance once a trader passes the evaluation.
  • No Time Restrictions: Traders can take as long as they need to pass their evaluation.
  • No Cap on Payouts: Implies unlimited earning potential once funded.
  • Zero Activation Fees Once Funded: Claims not to charge fees after a trader successfully completes the evaluation.

However, it’s important to remember that such financial instruments, particularly futures and crypto, are highly volatile and inherently speculative.

The emphasis on “profit targets” and “maximum drawdown” clearly indicates a high-risk environment. Totallyindian.com Reviews

From an Islamic perspective, this speculative nature, where profit often comes from price fluctuations rather than the underlying value or production of goods, raises significant concerns regarding ethical permissibility.

Traderslaunch.com Cons

While the website highlights various “benefits,” a closer look reveals several significant drawbacks, especially when viewed through an Islamic lens.

The inherent nature of speculative trading, which is at the core of Traderslaunch.com’s offering, presents considerable risks and ethical concerns that make it an unsuitable path for a Muslim seeking financial well-being.

• Inherent Riba and Gharar Concerns:
  • Speculative Trading: The primary activity is trading futures and crypto, which involves profiting from price movements rather than tangible assets or productive enterprise. This can often fall under gharar excessive uncertainty due to the unpredictable nature of markets and the reliance on future price speculation.
  • Leverage: Futures trading often involves leverage, which amplifies both gains and losses. This can lead to excessive risk-taking and potentially interest-based borrowing to cover losses, thereby introducing riba interest indirectly or directly.
  • Lack of Tangible Exchange: Unlike traditional trade where goods or services are exchanged, here, the focus is purely on financial instruments whose value is derived from abstract market movements, not real-world production or benefit.
• High Risk of Capital Loss:
  • Despite promises of funding, traders must first pass an evaluation. The statistics for prop firm challenges are often grim, with a vast majority of participants failing to pass.
  • High Drawdown Limits: The maximum drawdown limits, such as $800 on a $100,000 account or $1,000 on a $200,000 account, are relatively tight. A small series of losses can quickly lead to account disqualification.
  • Psychological Pressure: The intense pressure to meet profit targets while adhering to drawdown limits can lead to irrational decision-making, overtrading, and significant stress.
• Evaluation Fees are Non-Refundable:
  • Users pay a monthly fee e.g., $54/month for a $100K account to participate in the evaluation. This fee is non-refundable, regardless of whether the trader passes the challenge. This creates a revenue stream for the prop firm even if traders fail, highlighting the business model’s reliance on challenge fees rather than truly finding and funding profitable traders.
  • The “Zero Activation Fees” only apply once funded, implying that there are still significant costs upfront.
• Limited Control and Restrictions Even if Funded:
  • While they boast “no consistency rules once funded,” there are still limits on contracts e.g., “Start with 5 Micros, Scale up to 15 mini contracts”.
  • “Max Drawdown EOD – Locks at Starting Balance” implies that losses can wipe out the account if they hit a certain threshold by the end of the day, effectively terminating the funded account.
  • The “40% Rule” mentioned in FAQ, though not explained suggests other hidden restrictions or rules that might limit a trader’s flexibility.
• Focus on Material Gain Over Ethical Wealth Building:
  • The entire premise encourages a pursuit of quick financial gains through speculative means, which is contrary to the Islamic emphasis on earning wealth through honest, productive work and beneficial exchanges.
  • It distracts from the pursuit of knowledge, skill development in tangible professions, and contributions to society.
• Potential for Addiction and Psychological Harm:
  • The pursuit of high profits can overshadow moral considerations and lead to a single-minded focus on money, which is discouraged in Islam.

In summary, while Traderslaunch.com may appear appealing on the surface with its promises of substantial capital, the underlying activity of speculative trading, its inherent risks, and its potential for involvement in forbidden financial practices like riba and gharar make it an unfavorable option for a Muslim seeking to build wealth in an ethically permissible manner.

Traderslaunch.com Pricing

Traderslaunch.com offers tiered pricing plans based on the desired starting capital and profit split. These are monthly subscription fees for access to their evaluation program. It’s essential to note that these are fees to attempt to get funded, not guarantees of funding or profitability. Mindfulnesscollection.co.uk Reviews

• Futures 100K Account:
  • Starting Capital: $100,000 virtual
  • Profit Split: 55% to the trader
  • Standard Price: $109/month
  • Current Offer: $54/month 50% off
  • Key Metrics:
    • Profit Target: $2,000
    • Max Drawdown: $800 End of Day – locks at starting balance
    • Contract Limits: Start with 5 Micros, Scale up to 15 Mini contracts
    • No Monthly Fee Once Funded: This applies only if you pass the evaluation.
• Futures 200K Account:
  • Starting Capital: $200,000 virtual
  • Standard Price: $169/month
  • Current Offer: $84/month 50% off
    • Profit Target: $3,000
    • Max Drawdown: $1,000 End of Day – locks at starting balance
    • Contract Limits: Start with 1 Mini or 10 Micros, Scale up to 15 Mini contracts
    • No Monthly Fee Once Funded: Again, this is contingent on passing the evaluation.

Important Considerations for Pricing:

• Subscription Model: The monthly fee model means that if a trader fails the challenge, they lose the fee for that month. If they wish to re-attempt, they must pay again. This is a continuous revenue stream for the prop firm, irrespective of the trader’s success.
• Hidden Costs/Rules: While “Zero Activation Fees” is advertised for funded accounts, the fact that you’re paying a monthly subscription to try to get funded means there’s a significant upfront cost. The FAQ also mentions a “40% Rule,” which implies other rules that could impact payouts or trading style, potentially reducing the effective profit split.
• High Barrier to Entry: The profit targets $2,000 for $100K account, $3,000 for $200K account are relatively small percentages of the virtual capital, but the tight drawdown limits $800 and $1,000 respectively make these targets challenging to hit without breaching the drawdown. This setup encourages aggressive trading to hit the target quickly, which can easily lead to hitting the drawdown limit.

From an ethical financial perspective, these pricing models, combined with the high failure rate in prop firm challenges, raise questions about the true value proposition.

The money spent on monthly evaluation fees could instead be invested in acquiring tangible skills, starting a small ethical business, or seeking out halal investment opportunities that contribute to real economic activity, rather than funding a speculative endeavor with a low probability of success.

Traderslaunch.com Alternatives

Given the ethical and practical concerns surrounding speculative trading platforms like Traderslaunch.com, it’s vital to explore financially permissible and beneficial alternatives for building wealth and securing one’s future.

Islam encourages honest labor, real economic activity, and investments that contribute to society. Top-smile.com Reviews

• Halal Investment Options:
  • Sharia-Compliant Equity Funds: Invest in publicly traded companies that adhere to Islamic principles. This means avoiding companies involved in prohibited activities alcohol, gambling, conventional banking, etc. and ensuring their debt-to-equity ratio is within Sharia limits. Many reputable Islamic finance institutions offer such funds.
  • Sukuk Islamic Bonds: These are Sharia-compliant financial certificates, similar to bonds, but representing ownership in tangible assets or a share in a permissible business venture. They offer returns based on asset performance rather than interest.
  • Real Estate Investment: A historically stable and permissible form of investment, real estate involves owning physical assets that generate rental income or appreciate in value. This is a tangible asset with real utility.
  • Commodity Trading Spot, Not Futures: Engaging in the spot purchase and sale of permissible commodities like gold, silver, or agricultural products, where ownership is transferred immediately, can be permissible. This is distinct from speculative futures trading where contracts are bought and sold without actual delivery or ownership transfer.
  • Ethical Crowdfunding/P2P Lending Sharia-Compliant: Platforms connecting investors with small businesses seeking funding, provided the underlying business activities are halal and the financing model avoids interest.
• Entrepreneurship and Small Business:
  • Starting a Halal Business: Investing time and effort into building a small business that provides a valuable service or product is highly encouraged in Islam. This could range from e-commerce to consulting, food services, or skilled trades.
  • Partnerships Mudarabah/Musharakah: Engaging in Islamic partnership models where profit-and-loss sharing is established, fostering genuine collaboration and shared risk in productive ventures.
• Skill Development and Professional Growth:
  • Investing in Education: Pursuing higher education, vocational training, or acquiring specialized skills e.g., coding, digital marketing, graphic design, healthcare, engineering can significantly increase earning potential through legitimate and beneficial work.
  • Career Advancement: Focusing on excelling in one’s chosen profession, taking on leadership roles, and continuously improving skills can lead to promotions and higher salaries through honest effort.
• Savings and Financial Planning:
  • Building Emergency Funds: Having a robust emergency fund in a halal savings account e.g., Qard Hasan or profit-sharing accounts provides financial security without resorting to interest-based loans.
  • Budgeting and Frugality: Practicing mindful spending and living within one’s means is a cornerstone of Islamic financial prudence, ensuring financial stability and reducing reliance on debt.

Instead of chasing fleeting gains in speculative markets that carry significant ethical and financial risks, these alternatives offer paths to wealth accumulation that are aligned with Islamic values: promoting real economic activity, ethical conduct, shared prosperity, and long-term stability.

The effort invested in these areas yields not only financial returns but also spiritual blessings.

How to Cancel Traderslaunch.com Subscription

If you’ve subscribed to Traderslaunch.com’s evaluation program and wish to cancel, the process is typically straightforward for most online subscription services.

However, specific details regarding their cancellation policy would be found in their terms of service or FAQ section. Based on common practices for similar platforms:

• Access Your Account Settings: Log in to your Traderslaunch.com account using your registered credentials.
• Navigate to Subscription or Billing: Look for sections like “My Account,” “Settings,” “Subscription,” or “Billing Information.” These are usually found in a user dashboard or profile menu.
• Locate Cancellation Option: Within the billing section, there should be an option to “Cancel Subscription,” “Manage Plan,” or similar.
• Follow Prompts: The platform will likely guide you through a few steps to confirm your cancellation. This might involve a confirmation pop-up or an email verification.
• Check for Confirmation: Always ensure you receive a confirmation email indicating that your subscription has been successfully canceled. Keep this email for your records.

Important Notes: Blissy.co.uk Reviews

• No Refunds for Partial Months: Most subscription services, including prop firms, do not offer pro-rated refunds for the remainder of a billing cycle if you cancel mid-month. You will typically retain access until the end of the period you’ve already paid for.
• Cancellation Before Next Billing Cycle: To avoid being charged for the next month, make sure to cancel before your next billing date. This date should be visible in your account’s subscription details.
• Contacting Support: If you encounter any issues or cannot find the cancellation option, the next step would be to contact Traderslaunch.com’s customer support directly. Their website mentions a “Still have questions? Get in touch” section, likely providing a contact form or email address.

Given the nature of the service, which involves continuous monthly fees for an evaluation phase, canceling is a pragmatic step if one decides this path is not suitable, especially after considering the ethical implications from an Islamic perspective.

The money saved from these monthly subscriptions can then be redirected towards permissible and beneficial financial endeavors.

How to Cancel Traderslaunch.com Free Trial

The Traderslaunch.com website does not explicitly mention a “free trial” option for their evaluation programs.

Their pricing structure appears to be based on monthly subscriptions from the outset, with a 50% discount offered as a current promotion rather than a trial period.

• Absence of Explicit Free Trial: The pricing page lists “Standard Price” and a “50% off standard pricing” offer, implying that payment is required from the first month. There is no mention of a risk-free trial period before committing to the monthly fee.
• Monthly Subscription as Entry: It seems that to access the evaluation, a user must subscribe to one of their monthly plans e.g., $54/month for the 100K account. This is the initial commitment.

Therefore, if you’re looking to “cancel a free trial,” it’s likely that you’ve already paid for your first month as part of their discounted introductory offer. Wpengine.com Reviews

In this scenario, the steps to “cancel a free trial” would be identical to “How to Cancel Traderslaunch.com Subscription” as outlined in the previous section.

• Log in to your account.
• Navigate to your subscription or billing settings.
• Look for the cancellation option.
• Confirm the cancellation.

Remember that if you have already paid for a month, you will typically retain access until the end of that paid period, and no refund will be issued for the remaining days of that month.

This further reinforces the need for careful consideration before committing any funds to speculative trading platforms.

Traderslaunch.com vs. Competitors

When evaluating Traderslaunch.com against its competitors in the prop trading space, several factors come into play, including pricing, rules, drawdown limits, and the perceived flexibility offered to traders. However, from an Islamic perspective, the fundamental issue remains: the speculative nature of the activity. While comparing features might be useful for someone already committed to this path, the more important consideration for a Muslim is whether any of these platforms align with Sharia principles.

Common competitors in the prop trading industry include firms like: Victoriananursery.co.uk Reviews

• FTMO: One of the largest and most well-known prop firms, offering challenges for Forex, commodities, indices, and crypto. Known for its rigorous rules and scaling plan.
• The Funded Trader TFT: Another popular option, offering various challenge models with different rules and payout structures.
• MyForexFunds MFF now defunct/under legal scrutiny: Previously a major player, MFF’s recent legal issues highlight the inherent risks and regulatory scrutiny within the prop trading industry itself.
• Topstep: Focuses specifically on futures trading, similar to Traderslaunch.com, with a strong emphasis on consistent performance.
• Apex Trader Funding: Known for its simpler rules and ability to hold multiple funded accounts.

Here’s a general comparison framework, keeping in mind the Islamic perspective:

• Pricing & Cost of Entry:
  • Traderslaunch.com: Appears competitive with its 50% off introductory offers $54/$84 monthly. The “no monthly fee once funded” is a strong selling point.
  • Competitors: Prices vary significantly. Some have one-time fees, others monthly, or combination models. Generally, similar capital accounts might have higher initial fees but potentially fewer ongoing fees or more favorable rules.
• Rules & Flexibility Evaluation Phase:
  • Traderslaunch.com: Emphasizes “no consistency rule once funded” and “no time restrictions.” This is a significant advantage for those who struggle with daily profit targets or maximum loss limits often imposed by competitors.
  • Competitors: Many enforce “consistency rules” e.g., no single trade accounts for more than X% of profit target or “minimum trading days.” Time limits for evaluation are also common e.g., 30 days.
• Drawdown Models:
  • Traderslaunch.com: Uses an “End of Day EOD Max Drawdown” that “Locks at Starting Balance.” This means your highest balance of the day does not affect your allowed drawdown for that day, only your starting balance. This can be less restrictive than a “trailing drawdown” which adjusts with your highest equity mark.
  • Competitors: Many use “trailing drawdown” real-time or end-of-day, which can be more challenging as the drawdown limit moves up with your profits, making it harder to sustain an account after hitting new equity highs.
• Profit Split:
  • Traderslaunch.com: Offers 55% profit split, which is on the lower side compared to some competitors who offer 80-90% splits, especially after a scaling plan. However, Traderslaunch.com also mentions an 80% split option though details aren’t fully clear on the initial pricing page.
  • Competitors: Typically offer 70-80% initially, scaling up to 90% or even 100% for the first few thousand dollars of profit.
• Tradable Assets:
  • Traderslaunch.com: Focuses on Futures and Crypto.
  • Competitors: Often broader, including Forex, indices, and a wider range of commodities.
• Reputation & Longevity:
  • Traderslaunch.com: As a newer player, its long-term reputation is still forming.
  • Competitors: Firms like FTMO have established reputations, though the industry itself is subject to scrutiny, as seen with MFF.

Islamic Perspective on Comparison:

While comparing features might highlight why one prop firm might be “better” for a trader, the fundamental concern for a Muslim remains the engagement in speculative financial activities. Whether one firm has tighter drawdowns or higher profit splits, the underlying mechanics of profiting from price speculation, potential for riba through leverage or underlying financial structures, and the high-risk nature gharar are inherent to all these platforms.

Therefore, instead of seeking the “best” prop firm, a Muslim should seek the “best” halal alternative.

This means redirecting energy and resources from comparing speculative trading platforms to exploring ethical investment vehicles like sharia-compliant funds, real estate, or halal business ventures or focusing on skill development in tangible professions. Gardenuniverse.com Reviews

The comparison should shift from which speculative platform is less restrictive to which ethical alternative offers the most sustainable and permissible path to financial growth.

Frequently Asked Questions

What is Traderslaunch.com?

Traderslaunch.com is a prop trading firm that offers funded trading accounts for futures and crypto markets.

It allows traders to prove their skills in an evaluation phase to potentially receive capital to trade.

What markets can I trade with Traderslaunch.com?

According to their website, you can trade futures and crypto markets with Traderslaunch.com.

Does Traderslaunch.com have a free trial?

Based on the website, Traderslaunch.com does not explicitly offer a free trial. Summerslaw.ltd Reviews

They have discounted monthly subscription plans for their evaluation programs, which require payment from the first month.

How much does Traderslaunch.com cost?

Traderslaunch.com offers two main pricing plans: a Futures 100K account for $54/month discounted from $109 and a Futures 200K account for $84/month discounted from $169. These are monthly fees for the evaluation phase.

What is the profit split with Traderslaunch.com?

Traderslaunch.com offers a 55% profit split to the trader.

The website also mentions an 80% profit split option, but details are not immediately clear on the main pricing page.

Are there any activation fees once funded with Traderslaunch.com?

No, Traderslaunch.com claims there are “Zero Activation Fees once funded,” meaning you don’t pay an additional fee to start trading with their capital after passing the evaluation. Robinsonsestateagents.co.uk Reviews

What are the profit targets for Traderslaunch.com accounts?

The profit target for the 100K Futures account is $2,000, and for the 200K Futures account, it is $3,000.

What is the maximum drawdown limit for Traderslaunch.com accounts?

For the 100K Futures account, the maximum drawdown is $800 End of Day. For the 200K Futures account, it is $1,000 End of Day. This drawdown locks at the starting balance.

Does Traderslaunch.com have consistency rules once funded?

No, Traderslaunch.com states they have “No consistency rule once funded,” offering traders maximum flexibility once they pass the evaluation.

Are there time restrictions to pass the evaluation with Traderslaunch.com?

No, Traderslaunch.com states there are “No time restrictions” to pass their evaluation challenges.

How many funded accounts can I have with Traderslaunch.com?

According to their website, a trader can have a maximum of three funded accounts per trader. 3hlinen.com Reviews

How do withdrawals and EOD drawdown work with Traderslaunch.com?

While specific payout rules are mentioned in the FAQ section, the website highlights that the End of Day EOD drawdown locks at the starting balance.

For detailed withdrawal processes, users would need to consult their specific rules or contact support.

Are there any hidden rules not shown on the Traderslaunch.com site?

The FAQ section mentions a “40% Rule,” which implies there might be other rules or conditions not explicitly detailed on the main landing pages.

It’s crucial to review their full terms and conditions.

Can I trade SPX, NDX, US30, or gold with Traderslaunch.com?

The website states “What am I allowed to trade?” and “Can I trade SPX, NDX, US30, gold?” in their FAQ, implying these might be tradable assets or subject to specific rules. Imeistar.com Reviews

Specifics would require consulting their detailed trading rules.

What are the trading hours for Traderslaunch.com?

The FAQ section lists “What are the Trading Hours?” indicating specific hours might apply.

Traders should check their official rules for detailed trading hours.

Is there any minimum trading days requirement for Traderslaunch.com?

The FAQ section includes “Is there any amount of minimum trading days?” which suggests this might be a rule to consider. Traders should verify this in their full terms.

How do I cancel my Traderslaunch.com subscription?

To cancel your Traderslaunch.com subscription, you would typically log into your account, navigate to the “Subscription” or “Billing” section, and follow the prompts to cancel. Lingokids.com Reviews

It’s recommended to do this before your next billing cycle to avoid unwanted charges.

What are better alternatives to speculative trading platforms like Traderslaunch.com for Muslims?

Better alternatives for Muslims include investing in Sharia-compliant equity funds, Sukuk Islamic bonds, real estate, ethical commodity trading spot, not futures, starting a halal business, or investing in skill development and career advancement.

These options align with Islamic principles of ethical wealth accumulation.

Why is futures and crypto trading often considered problematic in Islam?

Futures and crypto trading often involve riba interest through leverage, gharar excessive uncertainty or speculation, and a lack of tangible exchange of real assets, which are generally forbidden in Islam. The focus is on profiting from price fluctuations rather than productive economic activity.

Does Traderslaunch.com offer accounts for Forex trading?

Based on the information provided on their main pricing page, Traderslaunch.com primarily focuses on Futures and Crypto trading, without explicit mention of Forex. Hilandbikes.com Reviews