Clarity Traders is a prop firm founded in 2022. It is registered in the USA. The owner is Anthony Alvarenga, also known as Mamba FX. Clarity Traders is cheaper than big competitors like FTMO and Fundednex.
Clarity Traders Coupon Codes
You can use the promo code MAY2024 for 10% off and a 200% refund during May.
Community Feedback for Clarity Traders
Clarity Traders has a 3.7-star rating on Trustpilot out of 40 reviews. 67% of the reviews are 5 stars. They are praising fast payouts, good customer support, and transparency. On the other hand, 28% of the users gave it 1 star, complaining about technical issues with the trading platform.
Platforms Used by Clarity Traders for Trading
There are two available trading platforms at Clarity Traders, Tradelocker and MT5.
Clarity Traders: Instruments You Can Trade
At Clarity Traders you can trade:
- Cryptocurrencies
- Forex
- Energies
- Indices
- Metals
Payment Options at Clarity Traders
There are two payment options at Clarity Traders, Crypto and Credit/Debit Cards.
Account Size Options in Clarity Traders
There are seven account size options to choose from:
- $5k
- $10k
- $25k
- $50k
- $100k
- $200k
- $300k
Understanding Profit Splits at Clarity Traders
Clarity Traders offers 90:10 profit splits.
Clarity Traders Approach to Profit Targets
All Account sizes of the 1-Phase challenge have a 10% profit target. The Traditional 2-Step and Accelerated Challenge share the same profit target. The first step has an 8% profit target, and the second 5%.
Drawdown Rules and Daily/Max Loss Policy at Clarity Traders
Daily loss limit:
- 1-Phase – 4% loss
- Traditional Challenge – 5% loss
- Accelerated Challenge – 5% loss
Maximum total loss:
- 1-Phase – 6% loss
- Traditional Challenge – 8% loss
- Accelerated Challenge – 8% loss
Minimum and Maximum Trading Days at Clarity Traders
There are no maximum trading days requirements at Clarity Traders. But, in the 1-Phase challenge, there is a minimum of one trading day, and for the other two challenges the minimum number of trading days is five.
Step Challenges Available at Clarity Traders
The Traditional and Accelerated Challenge has 2 steps, while the 1-Phase challenge has one.
Costs of Entry for Clarity Traders 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 |
Accelerated Challenge
| Account Size | Cost |
|---|---|
| $5k | $63 |
| $10k | $125 |
| $25k | $189 |
| $50k | $372 |
| $100k | $626 |
| $200k | $1209 |
| $300k | $1782 |
Commissions and Fees at Clarity Traders
There is a $7 commission per lot on some Forex Pairs.
Refund Options at Clarity Traders
You’ll get refunded once you pass the Clarity Traders evaluation.
Does Clarity Traders Offer a Free Trial?
No, Clarity Traders doesn’t offer free trials.
Payment Frequency at Clarity Traders
You can request a payout every two weeks.
Clarity Traders FAQ
Clarity Traders is a prop firm that’s searching for new quality traders. You can trade up to $300k in capital with them.
EA BOTs are not allowed at Clarity Traders.
Log into the dashboard, click “Buy new challenge”, and choose the account you want.
Yes, you need to get fully verified to get a funded account.
