Clarity Traders was formed in 2022. It is registered at 8 The Green Suite B, Dover, Delaware 19901 in the United States. Anthony Alvarenga is the owner of Clarity Traders. Some know him by his username: Mamba FX. Clarity Traders costs way less than larger competitors such as FTMO, Fundednex, so let’s check out what they offer exactly.
Trading Platforms at Clarity Traders
You can use Tradelocker and MT5 trading platforms.
Range of Instruments by Clarity Traders
| Tradable Instrument |
|---|
| Forex |
| Energies |
| Indices |
| Metals |
| Crypto |
Payment Methods at Clarity Traders
At Clarity Traders, you can pay using Cryptocurrencies and Credit/Debit Cards.
Available Account Sizes at Clarity Traders
There are seven account sizes to choose from $5k to $300k.
Profit Split Structure at Clarity Traders
The profit split at Clarity Traders is 90%. You can get 90%, and Clarity Traders keeps the remaining 10%.
Targeting Profits with Clarity Traders
The profit target for the 1-Phase challenge is 10% for all account sizes. The Traditional 2-Step account has a profit target of 8% in the first step, and 5% in the second. The Accelerated Challenge with the no consistency rule has the same profit target as the 2-step Challenge.,
Daily Loss and Drawdown Rules at Clarity Traders
Daily loss limit:
- 1-Phase – 4% loss
- Traditional Challenge – 5% loss
- Accelerated Challenge – 5% loss
Maximum overall loss limit:
- 1-Phase – 6% loss
- Traditional Challenge – 8% loss
- Accelerated Challenge – 8% loss
Minimum and Maximum Days for Trading at Clarity Traders
5 trading days is the minimum for The Traditional and Accelerated Challenges. The 1-Phase challenge has a minimum of 1 trading day.
Clarity Traders Challenges
There are three challenge types to choose from at Clarity Traders 1-Phase, 2-Phase, and Accelerated. The consistency rule is applied at 30%, except for the Accelerated challenge.
| Trading Instrument | Leverage |
|---|---|
| Indices | 1:200 |
| Crypto | 1:100 |
| FX | 1:100 |
| Gold | 1:200 |
| Commodities | 1:200 |
Pricing for Challenges
1-Phase Challenge
| Account Size | Cost |
|---|---|
| $5k | $66 |
| $10k | $132 |
| $25k | $199 |
| $50k | $299 |
| $100k | $499 |
| $200k | $959 |
| $300k | $1429 |
Traditional Challenge
| Account Size | Cost |
|---|---|
| $5k | $50 |
| $10k | $99 |
| $25k | $149 |
| $50k | $292 |
| $100k | $492 |
| $200k | $949 |
| $300k | $1399 |
Fees and Commission Structure
There is a $7 commission per lot on specific Forex Pairs.
Refund Conditions at Clarity Traders
Refund is available after successfully completing the challenge.
Free Trials at Clarity Traders
There are no free trials at Clarity Traders.
How Often Does Clarity Traders Prop Firm Pay Traders?
All payouts are done bi-weekly.
The Good and Bad of Clarity Traders
- Seven account sizes available
- Fair profit split
- Three challenge options
- Refundable fees
- Bi-weekly payouts
- No free trials
Clarity Traders FAQ
Clarity Traders is a prop firm that is funding professional traders. They’re offering the opportunity to trade with up to $300k in capital.
EA BOTs are not allowed.
After you sign up, you need to log into your dashboard, click “Buy new challenge” or “new Challenge” and choose the account size you want.
Yes, to get a funded account after the evaluation phase, you will have to fully verify your account.
