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FlexyTrade has frequent sales and you are guaranteed to get the lowest price and therefore the biggest discount when you use my code CF trader – As one of the early adopters of FlexyTrade, writing the FlexyTrade review below, FlexyTrade quickly became a favorite of traders for several of the reasons outlined earlier. One highlight for example: One-time fee! There are no ongoing monthly fees while you are being evaluated. With FlexyTrade, you pay once and pay as much as you need.
- Access FlexyTrade here – Code CF trader
- Automatically get the biggest discount available from FlexyTrade
- Get as many accounts as you want – no limits on ratings
- Can have up to 20 performance accounts (funded)
FlexyTrade reviews have been a popular request from people wanting to know my opinion on futures financing programs. In fact, I have received an overwhelming number of requests for reviews of FlexyTrade. With deep discounts and no ongoing monthly fees during the evaluation period, it’s definitely a popular choice.
Disclaimer: The information below is updated regularly, but always check the FlexyTrade website for the latest information. Companies often tweak their rules and rates, so we can’t guarantee that all details are always up to date.
Summary of my FlexyTrade review
FlexyTrade comes at a time when several startups are emerging and standing out as the best of the bunch. These were very powerful with great pricing, big discounts, easy-to-navigate rules, easy sign-up even with multiple accounts, and no recurring fees.
They have very liberal rules that allow trading during news, etc. with no daily loss limits or scaling plans. For those who feel that other funded trader evaluation companies have limited rules of this kind, FlexyTrade is probably the best option.
There is no account reset at FlexyTrade. If you break the rules, you will lose your account. Instead of paying a reset fee, just sign up for a new account. This is not a bad thing, as most companies these days charge a reset fee that is equal to or more than the appraisal cost.
Once funded, the first $25,000 is 100% yours. This is bigger than any other company. Also, the subsequent profit share is 90/10, which is the highest available on the market (as in other companies, to be fair).
Read more about what we like and dislike about FlexyTrade below. If you look at the list of pros and cons, you will see that there are quite a few pros and cons to FlexyTrade.
Available evaluation versions and pricing
account size | Price – one time only | contract | goal | drawdown |
$25,000 | $149 | 3 | $1,500 | $1,500 |
$50,000 | $179 | 6 | $3,000 | $2,500 |
$100,000 | $219 | 12 | $6,000 | $3,000 |
bundle* | Varies – see note below | Under | Under | Under |
bundle
FlexyTrade offers the ability to purchase bundles for your account. Easily and efficiently purchase 5 or 10 accounts at once. There are so many people who like to copy trade and trade many accounts during evaluation, which makes it easier than buying accounts one by one. Bundles are groups of 5 or 10 for each listed account size, so the rules are the same for each account.
Available software
When you sign up with FlexyTrade, like most trader rating companies, you connect through Rithmic. You can trade with Rithmic Rtrader Pro (software) or FlexyTrade offers a free Quantower license.
Please note that as of early 2024, NinjaTrader will no longer provide newly funded futures companies with access to free licenses of the software. Even if you have your own paid license for NinjaTrade. do not have Works with FlexyTrade.
You can also connect to other platforms that support Rithmic. For example, I’m a fan of Jigsaw Daytradr, so I have no problem connecting Jigsaw to Rithmic.
multiple accounts
We often get asked the following questions: “Can I have multiple deposit accounts?” and “Are they in the same login state?”the answer is resounding yes!
- You can create as many evaluation accounts as you need with a single login. You can create as many as 2, 4, 20, or 100 as needed.
- You will also have access to all your funded accounts with one login (i.e. you can use the trade copier).
- Can have up to 20 performance accounts
Basically, FlexyTrade’s rules are generally followed and are more forgiving than other trading companies, giving traders more flexibility.
Evaluation rules
Below are the general rules. Please be sure to read the specific rules on the site.
- 1 step and no minimum trading days – you can pass in 1 day if you want.
- Trailing drawdown is live, meaning it is present during each trade
- No expansion plans
- No consistency rules
- Multiple accounts – rate as many as you need at the same time!
- Trade on holidays and trade during news releases
Obviously, for those new to trading, this may be confusing. We recommend that you read the FAQ carefully to know what you are getting into.
Funded account rules
Again, you should read all the rules on the FlexyTrade website. However, what is important is the trailing drawdown stop on the initial balance. So if you are in a $50,000 account, once the trailing drawdown reaches $50,000, it will stop there. So if your balance is $60,000, you effectively have a $10,000 buffer. This is better than the evaluation stage and not worse.
Consistency Rule – No day exceeds 30% of gross profit. Like most companies, we don’t want people chasing windfall profits. Similarly, there should be a minimum of 4 business days between withdrawals (which you should do anyway to meet the 30% rule).
Reserve account fee
There is a one-time account activation fee. This is pretty standard in the industry.
- $25,000 account: $139
- $50,000 account: $149
- $100,000 Accounts: 249
This is per account, so if you give away 10 accounts, you’ll pay an activation fee for each one. This is a one-time fee, and once paid there are no further charges (unless you need market data, it’s only an amount once per month, not per account).
Frequency and method of withdrawal from deposit account
This is something we highly recommend reading the site’s withdrawal rules. Below is a general overview of how it works. To be honest, withdrawing and receiving payments from FlexyTrade is not that complicated.
- Withdrawals are processed once a month, at the end of the month
- You’ll receive 100% of your first $25,000.After that you will receive 90%
- Payments are made via bank transfer or USDT crypto transfer
- You can request a withdrawal at any time during the month, but it won’t be processed until the end of the month.
Advantages of FlexyTrade
- One-time fee – the only company currently doing this
- No minimum trading days
- Multi-funded accounts
- No expansion plans
- No daily withdrawals
- News/Holiday trading
- Maximum profit split at 90% (plus maximum initial $25,000 100%)
Cons of FlexyTrade
- Live Trailing Drawdown Under Evaluation
- New company for 2024 – Over time this won’t be a problem as they have stable, large traders who are funded and paid
FlexyTrade’s Unique Distinguishing Features
- Maximum: One-time fee! No ongoing monthly fees. No problem if it takes more than a month!
- Huge discounts – sometimes up to 90% off
I hope my FlexyTrade review was helpful. I really like what I get from his FlexyTrade and look forward to a long relationship with FlexyTrade.
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Risk disclosure:
Futures and foreign exchange trading involve significant risk and are not suitable for all investors. Investors may lose all or more of their initial investment. Risk capital is money that you can lose without risking your financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance disclosure:
Hypothetical performance results are subject to a number of inherent limitations, some of which are discussed below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, significant differences often exist between hypothetical performance results and the actual results subsequently achieved by a particular trading program. One of the limitations of hypothetical performance results is that they are typically created with the benefit of hindsight. Moreover, virtual trading does not involve any financial risk. Additionally, virtual trading records cannot fully account for the financial risk implications of real trading. For example, the ability to withstand losses or adhere to a particular trading program despite trading losses are important points that may adversely affect actual trading results. There are many other factors related to the market in general and the implementation of a particular trading program that cannot be fully accounted for in the creation of hypothetical performance results and may adversely affect trading results.
More information can be found here: Risk Disclosure
Affiliate disclosure:
External links to trader evaluation and software companies on my site and in video descriptions are primarily affiliate links. I receive commissions from these companies from sales made by people who visit these links. That said, I only recommend companies and software that I personally use and actually recommend. Believe me, I turn down many companies that approach me. You can read my full affiliate disclosure here.
Additional disclosures:
The content provided is for informational purposes only. We do our best to keep our content current and accurate by updating it frequently. Actual data, rules, requirements, etc. may differ from those stated on our website. CanadianFuturesTrader.ca is an independent website. Please be sure to refer to the rules, FAQs, knowledge bases, and support of any website or company that we link to or that our site describes. The information on their site will always be the final decision on their programs, software and other current rules. Although we are independent, we may receive compensation from advertising, sponsored products, or when you click on links on our website. Contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.