Overall Rating | Overall Ranking | Trading Terminals |
2.3 | 49th  |  |
“Prop trading firms” offer traders the funding and resources necessary to trade a variety of financial products. This enables competent traders to leverage their techniques without putting their own money at risk. The fact that Trader2B is dedicated to cultivating, teaching, and improving human skill in trading provides it with a competitive advantage in this business. In light of the fact that the rise of algorithms has caused a shift in the dynamics of the market, Trader2B places an emphasis on the significance of human potential in driving trading opportunities.
The purpose of this review article is to provide insights from trading specialists at Dumb Little Man as well as feedback from customers. The purpose of this article is to provide readers with a full overview of the solutions and performance offered by Trader2B.
What is Trader2B?
Trader2B is a commercial trading company that is committed to the cultivation, education, and advancement of human talent in the trading industry. In a time when robots and algorithms are the dominant force in the trading industry, Trader2B places an emphasis on the significance of human potential to drive trading prospects. One of the most important aspects of Trader2B is its Smart Learning feature, which provides traders with real-time simulations that allow them to improve their skills in a risk-free environment.
Paying it forward is another principle that Trader2B upholds. Traders have the opportunity to receive a refund of the cost of their subscription fees if they are approved into a linked partner program, which is also a very interesting program. This makes the investment a cost-effective method of investment. The customer care team at Trader2B is ready to assist with any issues that traders may have regarding the product or the technical aspects of the platform. This ensures that traders have access to assistance whenever they require it.
Those who are able to meet the standards set by the ToroChallenge will have access to any and all chances. Successful traders have the opportunity to receive a trading account sponsored by an affiliate partner with a maximum amount of $150,000. A technological game system is incorporated into the day trading platform. This system allows traders to build tactics, compete with other traders, and learn how to work together. One of the ways that Trader2B assists traders in honing their talents is by providing them with an innovative platform that incorporates dark pools and exchanges. This platform offers traders endless experience in imitating execution orders and risk-free liquidity.
Pros and Cons of Trader2B
Pros
- Smart Learning That Is The Whole Package
- The Simulations in Real Time
- Fee for commissions that are low ($0.003 per share)
- Split of 75% of Profits
- Offers of Withdrawal That Are Flexible
- Several Account Types Available
- Assistance via Live Chat
- A Comprehensive Help Center
Cons
- Limited Regulated Broker Partnerships
- The Reporting of Technical Problems
- Rule Changes That Are Not Consistent
- Only a few reviews from customers
- A Limited Number of Physical Office Locations
Safety and Security of Trader2B
Not only is Trader2B not a broker, but it also does not collaborate with any other brokers. The alternative is that it provides a simulated trading experience. Even after they have financed their accounts, even experienced traders will not be allowed to trade on live accounts because of this. However, this is not the case with many legitimate prop businesses that provide trading services through authorized brokers, despite the fact that this is virtually always the case in the prop firm industry.
Because it does not have a registered broker partner, Trader2B’s safety rating is negatively impacted by the fact that it creates its own simulation software in-house, compared to other software company. On the other hand, the company has been operating in the sector since 2015, and it offers trading education as well as skills for simulated trading, which lends some legitimacy to the company.
On the FPA, there are not enough reviews for Trader2B, which has an impact on the overall rating of the company. The most important factor in determining Trader2B’s validity is the company’s long-standing presence in the business.
Trader2B Bonuses and Contests
At this time, Trader2B does not have any contests that are actively being held for traders. Participants who are interested in taking part should, however, keep an eye out for chances in the future because this may change.
Trader2B may in the future provide incentives such as contests and bonuses, yet at the present there are none of these things available. It is possible for traders to avoid missing out on prospective rewards by keeping themselves up to date with their announcements.
Trader2B Customer Reviews
On Trustpilot, Trader2B has received a rating of 2.5 stars, which is regarded to be below average. Some users have praised the site for its stability, transparency, and potential for profitability, while others have expressed their dissatisfaction with the platform entirely. These users note that active engagement and team building can lead to large profits, and they express their appreciation for the open platform that allows for networking and crowdfunding possibilities. In addition, they praise the Toro150 challenge for its emphasis on discipline and risk management, which assists traders in developing a more effective approach to the market approach. Positive comments are spoken about the support provided by the platform, notably from staff members such as Mac, who are praised for their ability to be informed and helpful.
Trader2B, on the other hand, has been accused of being a fraud by a number of users, who point to the fact that it has a number of technical problems and uneven regulations as key negatives. Some of the complaints include computer freezes and regulation changes that appear to take place when traders are on the verge of winning, which results in an experience that is both irritating and negatively impactful. These unfavorable reviews provide the impression that although some traders find the services provided by Trader2B to be beneficial, others have significant reservations regarding the platform’s honesty and impartiality. The user experience appears to be very polarized, according to the reviews as a whole.
Trader2B Commissions and Fees
When it comes to commissions and fees, Trader2B takes a transparent approach, which ensures that its traders are provided with transparency. They are subject to a number of trading costs, one of which is the SEC fee on the sell side, which is calculated as a percentage per million dollars applied to orders that are carried out. Additionally, depending on whether the order is aggressive (market order) or passive (limit order), payment processing fees might either be a credit or a debit. This situation is determined by the type of transaction. By utilizing this framework, traders are guaranteed to only be charged for the precise trading actions that they initiate.
Trader2B is distinguished by its commission charge, which is set at $0.003 per share. This is one of the aspects that makes it stand out. Due to the fact that this rate is believed to be among the lowest in the market, it is extremely competitive and appealing to traders who are wanting to decrease the costs associated with their trading. Trader2B’s goal is to maximize the profitability of its traders by giving them the opportunity to keep a greater portion of the profits they make from successful trades. This is accomplished by maintaining low commission rates.
When it comes to profit sharing, Trader2B provides a profit split of 75%, which means that traders keep 75% of their profits while the company keeps 25% of the profits. Profits are distributed twice a week, giving traders consistent and frequent access to their gains despite the fact that profits are paid out. A further advantage is that traders have the ability to select the specific days on which they will get their payouts, which adds an additional level of convenience. The combination of a commission price that is competitive, a profit share that is generous, and withdrawal regulations that are flexible makes Trader2B an enticing alternative for traders of all skill levels, including beginners of trading.
Trader2B Account Types
A variety of account types are available through Trader2B in order to accommodate traders of varying skill levels. Irrespective of whether you are a novice or an experienced trader, Trader2B has an account that is tailored to meet your requirements. After conducting extensive investigation, the members of our Dumb Little Man team of experts evaluated these different types of accounts and discovered the specifics. A rundown of the accessible accounts and the features that they offer is presented here.
Toro25 Starter
- $198/mo
- Buying Power: $25,000
- Profit Target: $1,500
- Daily Max Loss: $200
- Max Drawdown: $1,000
- Consistency: 50+
- Minimum Trades: 200 round trades
Starter Includes :
- NYSE and NASDAQ Real-Time Market Data.
- Webtrader, iOS and android Apps.
- Daily Reports.
- Online Video Courses.
Toro100 Professional
- $333/mo
- Buying Power: $100,000
- Profit Target: $6,000
- Daily Max Loss: $500
- Max Drawdown: $3,000
- Consistency: 50+
- Minimum Trades: 200 round trades
Includes Starter +
- Performance KPI’s.
- Trading Analytics.
- Library of Video and Resources
Toro150 Advanced
- $466/mo
- Buying Power: $150,000
- Profit Target: $9,000
- Daily Max Loss: $750
- Max Drawdown: $5,000
- Consistency: 50+
- Minimum Trades: 200 round trades
Includes professional +
- Automated and Bot trading
- API development assistant
Opening a Trader2B Account
Creating an account with Trader2B is a simple process that is easy to understand and aimed to get you started as soon as possible. In order to get started with trading, you will need to follow these straightforward steps to set up your account. To register, please follow these steps:
- Visit the Trader2B website.
- Click “Sign Up for Free” to begin the registration process.
- Choose to sign up using Google or manually enter your details.
- Enter your personal information, including your first name, last name, email, and phone number.
- Create a strong password for your account.
- Complete the CAPTCHA verification to ensure you are not a robot.
- Click the “Sign Up” button to finalize your registration.
- Check your email for a verification link and follow the instructions to verify your account.
Trader2B Customer Support
For the purpose of ensuring that traders have access to the assistance they require, Trader2B provides extensive customer support. The frequently asked questions (FAQ) area of their Help Center is well-organized and covers a wide range of topics and concerns. Without having to get in touch with assistance directly, this makes it possible for traders to retrieve replies quickly.
On its website, Trader2B offers a live chat option for customers who require assistance in a more immediate manner. Users have the ability to receive real-time support for any questions or concerns they may have regarding their accounts or technical issues. In addition, users can contact Trader2B either by phone at (305) 834-7733 or by email at info@trader2B.com in order to receive additional support.
Additionally, Trader2B provides a contact form on their website for those who believe that textual communication is more effective. Within the United States of America, the corporate headquarters can be found at 20801 Biscayne Blvd, Suite 404, Miami, Florida 33180. Montreal, Quebec H4R 3A6, Canada is the location where development and support are handled. The address is 6010 Henri-Bourssa West, Suite 200. This information is derived from Dumb Little Man’s interactions with the customer support team at Trader2B.
Advantages and Disadvantages of Trader2B Customer Support
Trader2B Withdrawal Options
In accordance with the monthly profit calculations, Trader2B provides its funded traders with a variety of withdrawal choices that are flexible. One of the trading professionals at Dumb Little Man stated that Trader2B distributes rewards on a bi-weekly or monthly basis, with the frequency of the payouts being determined by the earnings generated in the preceding month.
During the first week and the third week of each month, traders have the opportunity to submit a payout request. At the conclusion of each month, the trader’s account balance is updated to reflect the most recent earnings to reflect the most recent earnings. It is possible to withdraw monies in a secure and simple manner by using either PayPal or a bank wire transfer to make payments.
Trader2B Challenges and Difficulties
The fact that Trader2B operates in a simulated trading environment is one of the challenges offered by this platform. Because of this, traders are not using live accounts, which might reduce the amount of experience acquired and the degree to which actual market circumstances are reflected. Individuals that are interested in having direct connection with live trading marketplaces may find this aspect to be a disadvantage.
The absence of a regulated broker partnership is still another challenge that must be overcome. In contrast to the majority of prop firms, which provide trading services through regulated brokers, Trader2B makes use of simulation software that is developed in-house. Investors who place a high priority on working with regulated firms may find this to be a cause for concern.
Several users have reported experiencing technical difficulties and rule modifications that are inconsistent. A number of issues, including sudden rule changes and computer freezes, have been brought to the attention of traders who are on the verge of winning. These problems have the potential to both frustrate traders and severely impact their overall trading experience.
There are not many customer reviews available on platforms such as FPA for Trader2B. Because there is a lack of feedback, it may be more difficult for prospective customers to evaluate the dependability and performance of the company. A more accurate depiction of Trader2B’s reputation would be generated by the presence of additional user reviews.
How to Pass Trader2B Evaluation Process
Trader2B’s evaluation procedure can be difficult to navigate due to the severe requirements that are required of potential candidates. When you want to improve your chances of being successful, it is absolutely necessary to arm yourself with the appropriate knowledge and tactics. It is possible that enrolling in a training program will provide you with the knowledge and abilities you need to effectively meet the evaluation requirements. It is common for these programs to teach essential components of trading, such as risk management, market analysis, and trading psychology, all of which are essential for passing the examination.
Additionally, if you practice on the simulated trading platform offered by Trader2B on a consistent basis, you will be able to become more familiar with the tools and processes being utilized by the company. Gaining this kind of hands-on experience is quite beneficial in terms of creating a disciplined trading approach and gaining a grasp of the complexities of the platform. You can considerably boost your chances of successfully clearing the evaluation process at Trader2B and becoming a sponsored trader by combining a strong educational foundation with experiences gained in the real world.
Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia
Asia Forex Mentor comes highly recommended by the trading professionals at Dumb Little Man if you are serious about taking on the task that Trader2B has presented them with. This software has already assisted hundreds of traders in passing the evaluation programs that were administered by their prop firm. Asia Forex Mentor was established by Ezekiel Chew, a specialist in foreign exchange trading who has over twenty years of experience and makes six figures per trade. Additionally, he is the owner of the Golden Eye Group and is the creator of the exclusive One Core Program, which is designed to instruct traders on how to make money through forex trading.
The accomplishments of Ezekiel cannot be refuted, and Asia Forex Mentor was established with the intention of disseminating his expertise, experience, and knowledge to other individuals. This adventure began with requests for trading lessons from his close friends, which eventually led to the expansion of the business into online programs, which have continued to increase. By enrolling in Asia Forex Mentor, you will have the opportunity to acquire the tools and tactics that are necessary to successfully complete the Trader2B evaluation procedure and enjoy success in your trading career.
How Could Asia Forex Mentor Help You Pass Trader2B Challenge?
Asia Forex Mentor is generally acknowledged for its excellence in offering complete trading instruction. As a result, it is an appropriate platform to assist you in passing the evaluation procedure that is used by Trader2B. Listed below are a few of the reasons why:
Most Comprehensive Course Offering Award: Asia Forex Mentor accomplished the extraordinary achievement of being declared the most thorough course by Investopedia, a major website that provides knowledge related to finance. They referred to the One Core Program as “as extensive as you will find,” and they ranked it as the most complete forex education that was available. Establishing the trustworthiness and comprehensiveness of the course material is accomplished through this endorsement.
Another reliable source of information on business and finance, Benzinga, recognized The One Core Program as the Best Trading Course for Beginners. This accolade was bestowed upon the program by Benzinga. Benzinga has confirmed that the software is the most effective for currency trading at both the basic and advanced levels, confirming the program’s efficiency across a wide range of skill levels.
Best Forex Mentor: In 2021, the website BestOnlineForexBroker bestowed upon Asia Forex Mentor the honor of being named the best forex mentor. They asserted that Asia Forex Mentor will assist you in “making massive gains from forex,” demonstrating the program’s demonstrated history of success in the foreign exchange market.
Best Forex Trading Course: Asia Forex Mentor’s trading tactics and strong trading system earned it the top rank among all forex trading schools, according to a recent evaluation conducted by the most successful forex traders and platforms based on their experience. This distinction highlights the high-quality education that the program offers as well as the practical value that it also provides.
Because of these praises, Asia Forex Mentor and its One Core Program have constantly exceeded the expectations of traders of all experience levels, including those who are just starting out. Through participation in this program, you will have access to tried-and-true trading tactics as well as coaching from industry professionals, which will considerably improve your chances of passing the evaluation process at Trader2B and achieving success in your trading career.
Asia Forex Mentor Members’ Testimonials
The members of Asia Forex Mentor have expressed their profound thanks to Ezekiel Chew for his One Core Program, which has not only assisted them in passing prop firm evaluation processes but has also helped them pass those processes. Despite trying different trading strategy and listening to brokers, many people recounted their experiences of losing money and failing to make profits despite their use of those strategies. They complimented the One Core Program on its all-encompassing and user-friendly tactics, pointing out that it encompasses all of the information that a forex trader has to be aware of being successful. Testimonials noted how Ezekiel’s no-nonsense teaching approach and well-developed strategies have improved their trading skills, allowing them to make informed trades and begin realizing returns. This empowerment has enabled them to become more successful traders.
The content of the course was delivered in a methodical and effective manner, which was appreciated by the members, and many of them are looking forward to become traders who are consistent and profitable. The consensus among those who participated in Asia Forex Mentor was that the information and abilities they acquired have the ability to not only alter their life but also provide them with a stable income. During their adventure in trading, they thought that the program’s structured approach and valuable information made a huge impact in their experience. All things considered, the One Core Program has garnered a lot of appreciation for its ability to assist traders in accomplishing their objectives and enhancing their financial prospects.
>> Also Read: Asia Forex Mentor Review By Dumb Little Man
Conclusion: Trader2B Review
After conducting an exhaustive study of Trader2B, the team of trading specialists at Dumb Little Man discovered, among other things, both areas of strength and areas of concern. High-quality features such as complete smart learning, real-time simulations, and minimal commission fees are among the many advantages offered by Trader2B. For traders who are interested in improving their skills and increasing their profits, this platform is an appealing alternative because of the flexible withdrawal options and the different account kinds it offers. On the other hand, the simulated trading environment might not offer the same experience as actual trading, and the absence of a licensed broker partnership might be a cause for concern. Furthermore, users have reported experiencing technical issues as well as inconsistent rule changes, all of which have the potential to impact the standard trading experience.
It is very encouraged that individuals enroll in reputed courses such as Asia Forex Mentor in order to boost their chances of passing the evaluation process that is used by Trader2B. This program provides traders with comprehensive instruction that can provide them with the skills and techniques necessary to achieve success in their trading activity. Although there are advantages and disadvantages associated with Trader2B, appropriate preparation and education can dramatically improve a trader’s chances of success.
>> Also Read: Alpha Capital Group Review with Rankings 2024 By Dumb Little Man
Trader2B Review FAQs
Does Trader2B support stock trading?
You can participate in the stock market, and stock trading and foreign exchange are only two of the many types of trade that are supported by Trader2B. In order to provide traders with a simulated trading environment in which they can practice and improve their methods without risking real money, the platform provides this opportunity. Because of this, it is a flexible choice for individuals who are interested in developing their talents in a variety of trading marketplaces.
How does one qualify for a funded account with Trader2B?
The review procedure, which involves hitting particular profit targets and complying to tight risk management criteria, must be successfully completed by traders in order for them to be eligible for a funded account. Through the evaluation procedure, it is ensured that only traders who are both skilled and disciplined are awarded money and subscription service agreement. Maintaining high standards throughout the review process is made easier by using performance metrics software and conducting regular assessments.
Why is there concern about Trader2B’s very bad customer satisfaction?
As a result of technological challenges and inconsistent rule changes, certain users have reported extremely low levels of customer satisfaction, which has had an effect on their overall experience. These challenges have the potential to not only frustrate traders who are on the verge of accomplishing their objectives but also to impede their growth. It is essential to provide service that is dependable and consistent in order to consistently keep the trust and happiness of customers.
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