TradersEdgeFX Review: Plans, Rules, and How It Compares
TradersEdgeFX
TradersEdgeFX, which trades as TEFX, is a simulated-trading prop firm operated by TradersEdgeFX LLC. Its Trustpilot profile lists a business address at Old Fort Town Center, Windsor Field Road, PO Box SP60963, Nassau, Bahamas. The firm sells CFD evaluations across three programs - 1-Step, 2-Step and HFT - on simulated account sizes from $10K to $200K, priced from $89 to $1,799. It publishes no founding year on its About, Terms or home page, so we record its establishment date as undisclosed rather than estimate one.
The firm is explicit about what it is selling. Its own homepage disclaimer states that "TradersEdgeFX LLC is NOT a licensed brokerage firm and does NOT accept client deposits" and that "This is NOT an investment opportunity. We do NOT request funds for investment, and you do NOT risk your own capital at any point." Every figure below was read from the firm's own pages on 22 August 2026.
Plans and pricing
TEFX publishes fourteen priced plans. The 2-Step program runs two phases; the 1-Step and HFT programs run a single phase. Daily and maximum loss limits are stated as a percentage of the initial account balance, with the dollar equivalent printed alongside on the firm's own comparison tables.
| Program | Account size | Price | Profit target | Daily loss limit | Max loss limit |
|---|---|---|---|---|---|
| 2-Step | $10K | $89 | Phase 1 $800, Phase 2 $500 | 6% ($600) | 12% ($1,200) |
| 2-Step | $25K | $149 | Phase 1 $2,000, Phase 2 $1,250 | 6% ($1,500) | 12% ($3,000) |
| 2-Step | $50K | $249 | Phase 1 $4,000, Phase 2 $2,500 | 6% ($3,000) | 12% ($6,000) |
| 2-Step | $100K | $499 | Phase 1 $8,000, Phase 2 $5,000 | 6% ($6,000) | 12% ($12,000) |
| 2-Step | $200K | $899 | Phase 1 $16,000, Phase 2 $10,000 | 6% ($12,000) | 12% ($24,000) |
| 1-Step | $10K | $159 | $1,000 | 6% ($600) | 12% ($1,200) |
| 1-Step | $25K | $399 | $2,500 | 6% ($1,500) | 12% ($3,000) |
| 1-Step | $50K | $539 | $5,000 | 6% ($3,000) | 12% ($6,000) |
| 1-Step | $100K | $899 | $10,000 | 6% ($6,000) | 12% ($12,000) |
| 1-Step | $200K | $1,299 | $20,000 | 6% ($12,000) | 12% ($24,000) |
| HFT | $25K | $499 | $2,500 | 5% ($1,250) | 10% ($2,500) |
| HFT | $50K | $639 | $5,000 | 5% ($2,500) | 10% ($5,000) |
| HFT | $100K | $999 | $10,000 | 5% ($5,000) | 10% ($10,000) |
| HFT | $200K | $1,799 | $20,000 | 5% ($10,000) | 10% ($20,000) |
The 2-Step program is the cheapest route to every account size. A $200K 2-Step evaluation costs $899, the same price as a $100K 1-Step evaluation, and $900 less than the $200K HFT plan. The HFT program is the only one that carries the tighter 5% daily and 10% overall loss limits, and it is also the only one that does not permit weekend holding.
Rules summary
Drawdown is static on every plan. The daily loss limit and the maximum loss limit are both measured against the initial account balance rather than against a trailing high-water mark, and the firm states that daily drawdown is calculated from the previous day's closing equity at 0000 CEST+3. There is no minimum number of trading days required to complete an evaluation, and every plan carries a 365-day time limit.
Several execution constraints apply. No trades may be executed within 5 minutes before or after a red-folder news event, and none within 2 minutes either side of the NYSE open. Every trade must be held for at least 60 seconds; the firm states that closing a trade inside 60 seconds costs the payout on the first two occurrences and breaches the account on the third. No more than 20 lots may be open at any time, and an account left inactive for more than 30 days without a support request is breached.
On automation the firm is permissive within stated limits. Expert Advisors, trade copiers and risk-management tools are allowed, hedging is allowed inside a single account but not between accounts, and copy trading is restricted to the trader's own accounts trading in the same direction. Tick scalping, latency arbitrage, reverse arbitrage, hedge arbitrage, emulators, HFT bots, Martingale bots, signal copying and account management are listed as prohibited.
Once funded, the split is 70% to the trader on 1-Step and 2-Step accounts and 50% on HFT accounts. Payouts run every 15 days from the first trade on 1-Step and 2-Step accounts and every 30 days on HFT, after 5 qualifying trading days on the former and 10 on the latter. A profit cap of 6% of the initial balance applies per payout and is removed after three months. Payouts are made by bank transfer or crypto, and KYC is mandatory before funds are released.
The firm's trading-guidelines page carries a section headed "Refundable Evaluation Fee" stating that "The Simulated Evaluation fee will be refunded to you with the initial Profit Split once you attain TradersEdgeFX Trader status." Its Overall Rules and Conditions page states that "There is no Refund on passed challenges" and that a refund can be requested only if no trade has been placed within 7 days of purchase. All fourteen plan tables on the homepage print "No Refund". We are recording all three positions rather than picking one. Confirm the refund terms in writing before paying.
How it compares
Set against the CFD firms we already list at a similar entry price, TEFX is priced in the same band but pays a smaller share of simulated profits. The figures below are the values recorded on PropFirmMap for each firm.
| Firm | Published profit split | Price range | Trustpilot | PropFirmMap score |
|---|---|---|---|---|
| TradersEdgeFX | 70/30 (50/50 on HFT) | $89 to $1,799 | 2.9 | 4.3 |
| Alpha Capital Group | 80% | $50 to $1,097 | 4.7 | 8.2 |
| TakeCap FT | 80% standard, scaling to 90% | $51 to $1,096 | 4.5 | 6.7 |
| Emerge Profit | 80/20, up to 90/10 | $85 to $500 | 4.6 | 6.3 |
The gap is in the split rather than the ticket price. All three comparison firms publish a base split of 80% against the 70% TEFX pays on its 1-Step and 2-Step accounts, and 50% on HFT. It is worth noting that the TEFX homepage states traders "can keep up to 80% of your simulated profits", a figure that appears on no published plan table and in none of the 1-Step, 2-Step or HFT FAQs, each of which states 70/30, 70/30 and 50/50 respectively.
The other structural difference is disclosure. Each comparison firm names the platforms a trader will use: Alpha Capital Group lists DXTrade, cTrader, MT5 and TradeLocker, TakeCap FT lists TradeLocker, and Emerge Profit lists TradingView, NinjaTrader, Tradovate, DXTrade, cTrader and Rithmic. TEFX names no trading platform anywhere on its public site; its homepage refers only to "established and reputable liquidity providers" maintaining "our technical infrastructure, including platforms and data feeds".
Pros and cons
Pros
- No minimum trading days on any evaluation and a 365-day time limit on every plan, so there is no schedule pressure to force trades.
- Drawdown is static and measured against the initial balance on all fourteen plans, which is simpler to track than a trailing drawdown.
- Expert Advisors, trade copiers and in-account hedging are permitted, and weekend holding is allowed on 1-Step and 2-Step accounts.
Cons
- The published split is 70/30 on 1-Step and 2-Step and 50/50 on HFT, below the 80% base split published by the three comparable CFD firms above, while the homepage advertises up to 80%.
- The firm states its refund policy three different ways across its own homepage, rules page and guidelines page.
- No trading platform is named on any public page, and the Trustpilot rating is 2.9 from 56 reviews.
Trustpilot standing
We re-read the firm's Trustpilot profile directly on 22 August 2026. It shows 2.9 from 56 reviews, a profile claimed by the company in November 2023, and 2 reviews in the last 12 months. Trustpilot's own panel notes "No recent history of asking for reviews", meaning the firm is not soliciting them. A rating built on 56 reviews with only 2 in the past year is a thin and ageing sample, and should be read as such rather than as a current verdict either way.
Verdict
TEFX fits a trader who wants a static, initial-balance drawdown with no minimum trading days and a full year to pass, who intends to run EAs or copy between their own accounts, and who is willing to accept a 70% split and a 6% per-payout cap in exchange for those rules.
The rule set is internally consistent and unusually well documented for a firm of this size: the fourteen plan tables, the three program FAQs and the overall rules page agree with each other on targets, loss limits, hold times and payout timing, and every price we checked on 22 August 2026 matched what we hold. The reservations are not about the evaluation mechanics but about what sits around them - a split below the comparable CFD firms we list, an advertised 80% that no plan delivers, three different published answers on refunds, no named trading platform, and a 2.9 Trustpilot rating on a thin sample. Traders who are comfortable with those points have a clearly written rulebook to work from. Traders who are not should confirm the split, the platform and the refund terms in writing before paying.
Full plan-by-plan data, including every price and loss limit above, is on our TradersEdgeFX firm page.
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