24. Leveled Up Society

The Leveled Up Society actively seeks dedicated and qualified traders who can effectively navigate volatile market conditions through their funds. They offer the opportunity to earn substantial profits by managing accounts as large as $200,000 and receiving 80% of the profits. This can be achieved by trading various financial instruments such as currency pairs, commodities, indices, and cryptocurrencies.

What is the Leveled Up Society?

Leveled Up Society is a private company established in June 2022 and operates from its office in the United States. It offers traders the opportunity to work with capital amounts of up to $200,000. The company works with Eightcap, which acts as a broker. The address of the office is 1001 Brickell Bay Dr #2700h, Miami, FL 33131, United States.

Leveled Up Society offers two different programs to its merchants:

• One-step evaluation challenge accounts
• Two-step evaluation challenge accounts

One-step evaluation challenge account

The Leveled Up Society's single-tier challenge account is designed to identify consistent and disciplined traders who will be rewarded for their performance during a single assessment period. With this account you can trade with a leverage of 1:30.

Account Size - Price

$10,000 - $109

$25,000 - $209

$50,000 - $309

$100,000 - $519

$200,000 - $979

Upon successful completion of the single stage evaluation review, you will be granted an account with capitalization without specific profit targets. The only condition is that you follow the rules of a maximum daily loss of 3.5% and a maximum trailing loss of 6%. Initially, you will receive a profit share of 80% based on the profits made within 30 calendar days from the first position placed on your account. Thereafter, payouts will be made on a bi-weekly basis after the first payout.

Scaling plan for the account of the one-step evaluation challenge account

The one-step evaluation challenge accounts also provide a scaling plan. To be eligible for scaling, you must demonstrate profitability over a three-month period, with at least two of the three months being profitable. In addition, the average return over the entire three-month period must be 15% or greater. If these criteria are met, your account will be increased by 25% of the original account balance, and the profit sharing on the increased account will increase to 90%.

Let us look at an example:

To qualify for scaling your account, you need to achieve an average return of 15% over a three-month period.

Month 1: You make a profit of 4.2% and deduct the profits. Month 2: You make a profit of 5.8% and deduct the profits. Month 3: You achieve a profit of 6.2% and withdraw the profits.

Your total profits are 16.2%, which is above the required average return of 15%. This means that you are eligible for scaling since you have met the average profit target requirement.

The trading instruments available for the one-step evaluation challenge accounts include forex pairs, commodities, indices, and cryptocurrencies.

Rules for the one-step evaluation challenge account

The one-step evaluation challenge account operates based on several rules that traders must follow. These rules include:

• Profit target: Traders are required to achieve a certain percentage of profit before they can successfully complete an evaluation phase, withdraw profits, or scale their account. The profit target for the evaluation phase is set at 10%. However, there are no specific profit targets for the funded account.

• Maximum daily loss: this is the maximum loss a trader can suffer in a single day before the account is closed. A maximum daily loss limit of 3.5% applies to all account sizes. Maximum Trailing Drawdown: The maximum trailing drawdown is determined by calculating the difference between the highest achieved account balance and the maximum drawdown. A maximum trailing drawdown of 6% applies to all account sizes.

• No News Trading: Traders are prohibited from executing trades during sensational news releases. Opening or closing trades is restricted within a two-minute window before and after news releases.

*No Martingales Allowed: Traders are not allowed to use martingale strategies when trading. Martingale strategies involve doubling the position size after a loss to make up for previous losses, which is not allowed in this account.

• Risk of copy trading by third parties: When traders choose to use copy trading services offered by third parties, they need to be aware that other traders may already be using the same trading strategy. When using such services, there is a risk that if the maximum capital allocation is exceeded, a deposit to the account or a withdrawal will be denied.

• Third Party Provider Risk EA: If traders intend to use a third party provider EA (Expert Advisor), they should keep in mind that other traders may already be using the same trading strategy. Using a third party provider EA carries the potential risk of being denied a funded account or payout if the maximum capital allocation rule is exceeded.

Two-step evaluation challenge account

The two-step evaluation challenge account offered by the Leveled Up Society is designed to recognize traders who demonstrate consistency and discipline during a two-tiered assessment period. Traders who perform consistently during this evaluation program are rewarded accordingly. The account allows you to trade with a leverage of 1:100.

Account Size - Price

$10,000 - $89

$25,000 - $149

$50,000 - $269

$100,000 - $539

$200,000 - $1,069

In the first valuation phase, the trader must achieve a profit target of 8% while ensuring that he does not exceed the rules for the maximum daily loss of 5% or the maximum loss of 8%. The trader has the possibility to trade indefinitely; however, he must complete at least 5 trading days to enter the second phase.

In the second evaluation phase, the trader has to achieve a profit target of 5% while complying with the rules for maximum daily loss of 5% and maximum loss of 8%. Similar to the first phase, there is no time limit for trading, but a minimum of 5 trading days is required to qualify for a funded account.

Upon successful completion of both evaluation phases, traders will be granted a funded account without any specific profit targets. The only requirements are to abide by the 5% maximum daily loss and 8% maximum loss rules. The first payout is scheduled for 30 calendar days after placing the first position on the funded account. Subsequently, payouts will be issued on a bi-weekly basis. Traders will receive an 80% profit split based on the profits generated on the funded account.

Two-step evaluation challenge account scaling plan

Scaling plan for the two-step evaluation challenge accounts is also in place. To be eligible for scaling, traders must demonstrate profitability within a three-month period, with at least two out of the three months being profitable. If these criteria are met, the trader's account balance will be increased by 25% of the original account balance.

For example:

After 3 months: If you initially have a $200,000 account, your account balance will be increased to $250,000.

After the next 3 months: The balance of $250,000 will further increase to $300,000.

After the subsequent 3 months: The balance of $300,000 will increase to $350,000.

And so forth...

The trading instruments available for the two-step evaluation challenge accounts include forex pairs, commodities, indices, and cryptocurrencies.

Two-step evaluation challenge account rules

• Profit target refers to a specific percentage of profit that traders must achieve before they can successfully complete an evaluation phase, withdraw profits, or scale their account. In phase 1 of the evaluation, the profit target is set at 8%, while in phase 2, it is 5%. Funded accounts, on the other hand, do not have specific profit targets. 


• Maximum daily loss denotes the maximum amount of loss a trader can incur on a daily basis before their account is deemed in violation. For all account sizes, there is a maximum daily loss limit of 5%. Maximum loss refers to the overall maximum loss a trader can incur before their account is violated. Similar to the maximum daily loss, all account sizes have a maximum loss limit of 8%.

• Minimum trading days indicate the minimum duration for which traders are required to engage in trading before they can successfully complete an evaluation phase or request a withdrawal. Both phases necessitate a minimum of 5 trading days.

• No news trading means that traders are prohibited from executing trades during high-impact news releases. Opening or closing any trades is restricted within a two-minute window before and after the news is announced.

• No martingale allowed signifies that traders are not permitted to employ any form of martingale strategy while trading. Martingale strategies involve increasing the position size after a loss in an attempt to recover previous losses, which is not allowed in this context.

• Third-party copy trading risk cautions traders about the potential risks associated with using copy trading services provided by third parties. It is important to consider that other traders may already be using the same trading strategy through such services. By utilizing third-party copy trading, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

• Third-party EA risk emphasizes the potential risks involved in using third-party EAs (Expert Advisors). Traders should be mindful that other traders may already be utilizing the exact same trading strategy through such EAs. If a third-party EA is employed, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

What makes Leveled Up Society different from other prop firms?

Leveled Up Society sets itself apart from other prominent prop firms through its unique offerings and more lenient trading regulations. The firm provides two distinct funding programs, namely the one-step and two-step challenges, which distinguish it from its competitors. Additionally, Leveled Up Society allows traders to hold positions overnight and over the weekends, although there are certain limitations on news trading.

In contrast to other prop firms in the industry, Leveled Up Society introduces the one-step evaluation challenge, requiring traders to successfully complete a single phase to qualify for payouts. The profit target for this challenge is 10%, accompanied by a 3.5% maximum daily loss and a 6% maximum trailing loss. Notably, there are no specific restrictions on the minimum or maximum number of trading days during the evaluation period. It is worth mentioning that the one-step evaluation challenge accounts also feature a scaling plan. Compared to other leading prop firms, Leveled Up Society's trading rules are relatively relaxed, allowing for an unlimited trading period.

Furthermore, Leveled Up Society offers a two-step evaluation challenge, which sets it apart from its counterparts. Traders must complete both phases of this challenge to become eligible for payouts. The profit targets for phase one and phase two are 8% and 5%, respectively, while adhering to a 5% maximum daily loss and an 8% maximum loss. A minimum of 5 trading days is required for each phase before traders can obtain funding. Similar to the one-step challenge, the two-step evaluation challenge accounts also come with a scaling plan. In comparison to other renowned prop firms, Leveled Up Society's profit targets are relatively lower, and the trading period remains unlimited.

An illustration of a comparison between a Leveled Up Society and My Forex Funds...

In summary, Leveled Up Society sets itself apart from the majority of the top prop firms in the industry by offering two different funding programs that come with comparatively lenient trading regulations and an unlimited trading period. With the ability to hold trades overnight and on weekends, the only slight limitation is in news trading.

Is it realistic to receive capital from Leveled Up Society?

It is crucial to evaluate the feasibility of meeting trading requirements when considering prop firms that fit your forex trading style. A company that offers a high percentage profit share for a well-filled account may seem tempting, but if it expects substantial monthly percentage profits with minimal maximum drawdowns, your chances of success may be close to zero.

Raising capital through the single-tier valuation challenge accounts is largely realistic, as they have an average profit target of 10% and adhere to reasonable maximum loss rules (3.5% maximum daily and 6% maximum trailing loss).

Similarly, preserving capital through the two-stage valuation accounts is largely realistic, as they have relatively modest profit targets (8% in the first stage and 5% in the second stage) and slightly below-average maximum loss rules (5% maximum daily loss and 8% maximum trailing loss).

Taking all this into account, Leveled Up Society offers an excellent opportunity to secure funding, as they offer two different funding programs that set realistic trading targets and payout terms.

Proof of payment

The Leveled Up Society was established in April 2021. Once you receive funding, your first payout will be available within 30 calendar days. After that, traders are entitled to bi-weekly payouts. For concrete examples of payment verification, see the two Instagram posts below:

Furthermore, within the Leveled Up Society's Discord channel, individuals can locate evidence of payment in the designated "Payouts" section.

Which broker does Leveled Up Society use?

Leveled Up Society has partnered with Eightcap, a Melbourne, Australia-based broker regulated by ASIC (Australian Securities and Investments Commission). Eightcap was founded in 2009 and is dedicated to providing exceptional financial services to its clients. They maintain five offices worldwide and complies with the regulations of various jurisdictions, allowing clients from around the world to trade foreign exchange, indices, commodities, and equities.

Eightcap is classified as an average- risk broker with a Trust Score of 73 out of 99 and offers the following features:

• Forex trading
• CFD trading
• Cryptocurrency trading
• Social trading/copy trading
• A total of 326 tradable symbols
• A total of 45 forex pairs

Two account types are available: Raw and Standard. The choice between the two determines the applicable commissions and fees. Standard accounts have fees built into the spread, while Raw accounts have commission-based fees. Also, it's important to consider the overnight fee, which is the interest for holding an open position overnight during trading.

As a broker that exclusively supports MetaTrader, Eightcap offers access to both MetaTrader 4 and the newer MetaTrader 5 platforms developed by MetaQuotes Software Corporation.

They provide a customized trading experience and establish a highly efficient technological framework for your trading activities, which led to their recognition as the recipient of the Best Global Forex MT4 Broker 2020 award at the Global Forex Awards. In terms of trading platforms, they offer the option to trade on both MetaTrader 4 and MetaTrader 5.

Trading options

With Leveled Up Society, you have the opportunity to engage in trading various instruments. Forex pairs can be traded with leverage of up to 1:100, commodities with leverage of up to 1:40, indices with leverage of up to 1:30, and cryptocurrencies with leverage of up to 1:2.

Trading fees Commission charges:

Feedback from traders regarding Leveled Up Society

On Trustpilot, Leveled Up Society has a few number of positive comments from its community, earning an average score of 3.6/5 based on 1074 reviews.

Support If you have questions or need specific information, Leveled Up Society offers several ways to assist:

They have a comprehensive FAQ page where you may find the answers you need.

The support team can be reached through their social media channels. You also have the option to contact the team directly via email at support@leveledupsociety.com. There is a live chat support team on the website that is available 24/7 from Monday to Friday.

Summary

To sum up, Leveled Up Society is a legitimate proprietary trading firm that offers traders a choice between two funding programs: one-tier challenge accounts and two-tier challenge accounts. They offer relatively loose trading rules and unlimited trading time, allowing traders to hold positions overnight and on weekends, with slight restrictions on news trading.

Single-stage challenge accounts require traders to complete a stage in order to receive a credit and enjoy profit sharing. The Leveled Up Society sets a realistic profit target of 10% and sets rules for maximum drawdown of 3.5% per day and 6% trailing drawdown. Traders can achieve profit splits from 80% to 90% and have the opportunity to grow their accounts.

The two-stage assessment process follows industry standards and requires traders to go through two stages to receive funding and earn profit splits. The Leveled Up Society sets profit targets of 8% in the first phase and 5% in the second, which is also realistic given the maximum daily loss of 5% and the maximum loss of 8%. With valuation programs, traders can earn a profit percentage of 80% and have the opportunity to grow their accounts.

I can highly recommend Leveled Up Society to traders looking for a reputable prop company with clear rules and trading goals. They offer favorable terms for a wide range of people with unique trading strategies. Considering all that Leveled Up Society has to offer, they stand out as one of the most promising proprietary trading firms in the industry.