Advertising Disclosure
Written by:
George Rossi
Updated:
Leverage: 1:100
Regulation: USA
Min. Deposit: $155
HQ: USA
Platforms: MT5
Found in: 2022
Leveled Up Society Licenses:
Leveled Up Society is a platform that offers services related to Prop Trading, especially for those interested in forex, commodities, stock indices, and cryptocurrencies. The organization provides an opportunity for traders to engage in simulated trading challenges, with the potential to earn funded accounts based on their performance.
Leveled Up Society, as a proprietary trading firm, offers a unique chance to trade with minimal initial investment. By passing a challenge, traders can access the company’s funds to trade like professionals. It’s important to understand proprietary trading and consider the associated risks before starting. More details and Prop Trading risk information are available in our article.
| Leveled Up Society Advantages | Leveled Up Society Disadvantages |
|---|---|
| Lower Profit Target | No Strict Overseeing |
| Good Pricing | It is hard to become Funded Trader |
| Great variety of Balances with Low Registration Fees | Limited Instrument Range |
| Good Range of Challenge Programs | Only MetaTrader Platform |
| MT5 and MT4 with EAs | No Free Trial |
| Refundable Fee once you become Funded Trader |
Leveled Up Society is a legitimate proprietary trading firm located in USA. Their operations are conducted within the legal framework established by Florida law, adhering to the highest industry standards.
Our review of the official website for Leveled Up Society revealed no indications that the company is a scam. However, it’s important to note that proprietary trading firms generally operate with less regulation from financial authorities compared to more stringently regulated entities like Forex brokers. This lesser degree of regulation can make it challenging to definitively assess the legitimacy and nature of such firms.
When considering proprietary trading, it’s advisable to research thoroughly and understand the risks involved. Choosing a reputable company with a long-standing operation can offer more stability. Additionally, since prop trading typically requires only a subscription fee instead of large capital investments, the potential financial risk is generally lower compared to trading with your own funds.
To highlight the central aspect in our Leveled Up Society Review, it’s crucial to examine the structure of the evaluation challenge and the prerequisites for participating in the trading challenge. This involves understanding the specific criteria and tests one must successfully complete to qualify for a Funded Trading Account and attain the status of a Proprietary Trader. Additionally, it’s essential to explore the associated costs typically associated with becoming a trader, such as the Registration Fee.
Before accessing your Leveled Up Society account, you must first choose a Program and Account Balance that matches your desired qualification level. Depending on your selection, the challenge’s conditions may vary slightly. Additionally, your choice influences the registration fee you need to pay to participate in the challenge.
It should be noted that Leveled Up Society provides a refund of the fee once you achieve the status of a Funded Trader. Please see our Registration Fee comparison table below for more details.
| Fees | The Prop Trading | FTMO | The Funded Trader |
|---|---|---|---|
| Minimum Account Size | $10,000 | $10,000 | $50,000 |
| Fee | $155 | €155 | $289 |
| Maximum Account Size | $300,000 | $200,000 | $400,000 |
| Fee | $1,400 | €1 080 | $1,869 |
| Reset or Test Retake | Yes | Yes | Yes |
| Is Fee Refundable? | Yes | Yes | Yes |
So the challenge itself includes numerous rules you have to follow to prove your successful strategy and performance, one of the most important parameters is Profit Target, which is set based on the challenge you select. In Leveled Up Society’s trading programs, the profit targets vary for each program.
The Sapphire Challenge requires traders to achieve a 10% profit target. In the Crystal Challenge, the profit target is set at 10% for the first phase and 5% for the second phase
In Leveled Up Society’s trading programs, the maximum loss limit varies. For the Sapphire Challenge, the maximum loss is 6%, while in the Crystal Challenge, it’s 10% during the first phase and 8% in the second phase
For all programs offered by Leveled Up Society, including the Sapphire, Diamond, and Crystal Challenges, the minimum trading period is set at 4 days. This requirement ensures that traders actively engage in the market for a sufficient duration during the evaluation phase of each program.
See the detailed table with Leveled Up Society Challenge conditions based on Account Size:
Based on our research, Leveled Up Society does not offer a free trial for its trading challenges. Participants are required to pay an upfront fee to enter the evaluation program, where they can demonstrate their trading skills in a risk-free, simulated environment.
Upon successfully passing the test or challenge, the trader will have their Funded Account established, which usually takes a few business days to activate. It’s essential to understand that the account conditions and balance will match the qualifications achieved during the test. If you wish to switch to a higher-grade Account, you will need to start the testing process anew for the desired Account Balance.
Leveled Up Society offers an attractive profit split for its traders. Initially, traders receive an 80% share of the profits, which can increase up to 96% based on performance and scaling within the program. For instance, in the Sapphire Challenge, the profit split can increase to 90% after the first scaling and further to 96% after the second scaling.
Based on our research, Leveled Up Society payout is offered bi-weekly to its traders. Once a trader becomes funded and meets the trading requirements, they can request payouts twice a week. For the initial payout, traders must wait for 14 calendar days from the day they place their first position on their funded account. All subsequent withdrawals can also be requested bi-weekly.
In terms of withdrawal methods, Leveled Up Society provides payouts through Deel, a global payment platform. Additionally, they may offer other methods like bank transfers, BTC, and ETH, allowing traders to choose a convenient option for receiving their earnings.
When reviewing Account Conditions, we carefully evaluate the Broker’s account preferences, platforms, instruments, trading costs, leverage levels, and trading restrictions. Restrictions in funded accounts could require retesting to regain access. See the detailed breakdown below for specifics.
Leveled Up Society offers a variety of trading instruments including Leveled Up Society forex pairs, global indices, commodities like gold and oil, shares, and cryptocurrencies. However, it’s important to note that cryptocurrency trading is not permitted on funded accounts
Leveled Up Society does not charge commission fees on indices and cryptocurrencies. However, for forex trading, the commission rate is approximately $7. This fee structure is designed to facilitate a range of trading activities across different financial instruments while maintaining competitive pricing for traders.
Leveled Up Society offers varying levels of leverage based on the trading instrument is up to 1:100 leverage based on trading instruments. This leverage structure is tailored to suit the specific risks and characteristics of each market, providing traders with flexibility and the potential for enhanced returns, while also managing the inherent risks associated with using high leverage in trading
Leveled Up Society provides popular MetaTrader platforms, including both MT5 and MT4, and collaborates with MetaQuotes and other technology providers, which is a positive aspect. However, it’s important to note that they don’t offer any alternative trading platforms. If you prefer different software, it’s advisable to explore alternative proprietary trading companies.
Leveled Up Society has carefully crafted its trading conditions to establish an equitable and well-structured trading environment. These conditions provide traders with opportunities for both profit and advancement in their trading journeys.
Leveled Up Society offers occasional promotions, including Leveled Up Society coupon code discounts and special offers like Reset Discounts. These deals are typically available temporarily, so it’s a good idea to check their current status and terms when you’re signing up or planning to engage with their services.
Based on our findings, Leveled Up Society is an appealing option for funded traders. They offer competitive costs, generous profit splits, and favorable conditions. However, their instrument range is limited, so traders interested in futures or stock trading may find other firms more suitable. Additionally, those who prefer alternative trading platforms over MetaTrader should explore alternative options.
When considering Leveled Up Society for proprietary trading, it’s wise to compare them with other prop trading firms. Popular firms may offer similar conditions and more suitable options for specific traders. Leveled Up Society has its advantages, but comparing features and terms is essential to align with your goals. A comparison table can provide insights for your decision-making.
No review found...
No news available.
