FlexyTrade Review 2024

FlexyTrade Review 2024

FlexyTrade is a new prop firm in the futures prop trading industry. Established in March 2024 and based in Sheridan, Wyoming, FlexyTrade has come to life at a time when the futures funding industry is booming and many prop firms are being founded. Nonetheless, FlexyTrade really came in strong with some innovation in terms of pricing with no ongoing fee, a significant discount right of the bat, easier rules to navigate, and easy signup even for multiple accounts.

The futures prop firm has implemented very liberal rules with no daily loss limit, no scaling plan, allowing trading during news and more. For people who feel limited by these types of rules with other futures prop trading firms, FlexyTrade is probably a great choice for you. However, there are no account resets at FlexyTrade. Therefore, if you break a rule, you lose the account. Rather than pay a reset fee, you would just need to open a new account. Since most prop firms these days charge reset fees equivalent to the cost of the evaluation or even more, this is an innovative move from a new player entering the futures prop trading arena. Furthermore, once you become funded, the first $25,000 profit is 100% yours! This is larger than any other prop firm, with a profit split of 90/10 thereafter, one of the highest profit share available in the market.

FlexyTrade team of experts brings together a wealth of knowledge in trading, technology, and customer service to provide you with a well-rounded and reliable trading experience. When you trade with FlexyTrade, you are not risking your own funds. The challenge process is designed to assess your trading skills without the financial risk. 

While trading with FlexyTrade can offer significant financial opportunities, it’s important to understand that success in trading requires knowledge, skill, and discipline. Trading involves risks and there is always the potential for loss as well as gain. FlexyTrade platform and resources are designed to support traders.

In this FlexyTrade Review, we’ll dive deep into the key details of this prop firm, including its evaluation process and how you can get started.

FlexyTrade Futures Plans

The Challenges are designed to be flexible to accommodate different trading styles and strategies, without imposing a minimum or maximum number of trading days. This approach allows aspiring funded traders to demonstrate their skills under various market conditions at their own pace.

To ensure a smooth journey to becoming a funded futures trader, here’s what you need to do:

• Reach Your Target Account Balance: Your goal is to achieve the target balance set for your account type.

• Follow the Trading Rules: It’s essential to adhere to all the trading rules specific to your challenge account. Such as the Trailing Drawdown, Overnight Trading Positions, and the Allowed Number of Contracts.

By meeting these requirements and staying compliant with the rules, you’ll be well on your way to successfully completing your challenge.

Discover FlexyTrade Futures Trading Accounts designed to provide you with flexibility and choice. Whether you’re a beginner or an experienced trader, FlexyTrade have an account that fits your needs and your trading style.

You can choose your preferred one with options at $25,000, $50,000, and $100,000 across three risk levels with a No Scaling rule forever.

FlexyTrade Bundles

The FlexyTrade prop firm offers the ability to buy bundles of accounts. Effectively purchasing 5 or 10 accounts all at once for your ease. Since so many traders like to copy trade and trade many accounts during the evaluation, this makes it easier than purchasing accounts one by one. The bundles are setup by groups of 5 or 10 of each of the account sizes listed, so the rules are the same for the accounts.

Choose Your FlexyTrade Bundle. The prop firm offers three different bundles, which are carefully tailored to meet the requirements of traders with varying levels of experience and capital.

Single Account

Account Type	Price	Total Accounts
25k Intro	$149	1
50k Intermediate	$179	1
100k Expert	$219	1

5 Accounts Bundle

Account Type	Price	Total Accounts
25k Intro	$690	5
50k Intermediate	$799	5
100k Expert	$1099	5

10 Accounts Bundle

Account Type	Price	Total Accounts
25k Intro	$1299	10
50k Intermediate	$1499	10
100k Expert	$2199	10

Flexytrade Rules

Flexytrade stands out as the only one in the market that offers truly flexible trading rules alongside adaptable risk management systems, catering to a diverse range of trading styles and strategies. The prop firm is committed to empowering their traders, whether they are taking their first steps in the trading world or are seasoned professionals looking to scale their operations.

For all challenge accounts, regardless of the bundle you choose, the following rules remain the same:

Account Type	Target	Maximum Position	Drawdown Limit	Activation Fee
25k Intro	$1500	3	$1500	$139
50k Intermediate	$3000	6	$2500	$149
100k Expert	$6000	12	$3000	$249

After successfully completing the challenge, traders enter into a profit-sharing arrangement where they keep the lion’s share of the profits earned. The profit split is structured so that traders retain 90% of the profits, but this applies only to profits exceeding $25,000. Any profits below this amount are entirely the trader’s, with a 100% payout. This setup is crafted to incentivize and reward effective trading.

FlexyTrade differentiates itself with a one-time payment model, eliminating recurring subscription fees. It allows traders to copy trades across up to 20 accounts, enhancing scalability and strategy implementation. Additionally, the platform features an intuitive dashboard, simplifying account management and trading activities. These elements combine to offer a straightforward, efficient trading experience.

Trailing Drawdown

FlexyTrade futures prop firm uses the trailing drawdown as the main Risk Management parameter. Managing your risk is important when trading. One key rule is trailing drawdown, which helps monitor your losses. It might sound complex, but it’s actually pretty straightforward. Drawdown refers to the changes between the highest and lowest points on a return curve, representing a series of accumulated losses. it means that the drawdown levels change as the market changes. They adapt to the current conditions, it “trails” behind your gains.

Account Type	Drawdown Limit
25k	$1500
50k	$2500
100k	$3500

• During the Challenge, it’s crucial to keep in mind that the trailing drawdown will continuously increase as your account’s threshold is determined by the highest point reached and the unrealized profit per trade.

• Once you transition to Performance, things take a slight twist. Now, your account’s drawdown will come to a halt at the initial balance of the account. This nifty mechanism will serve as a valuable tool and allow you to effectively manage your trading risks while aiming for profits.

FlexyTrade have a simple formula to determine your account threshold or minimum account balance:

Highest Unrealized Profit Value – Trailing Drawdown Limit = Account Threshold or Minimum Account Balance.

Sample Scenario:

• Let’s walk through a sample scenario to illustrate this. Imagine you’re trading with a 100K Expert Account, and your drawdown limit is $3,500. By following the formula, FlexyTrade is able to determine that the account threshold for the 100K Pro is $96,500. FlexyTrade just have to subtract the drawdown limit from the initial balance ($100,000 – $3,500 = $96,500)

• Now, let’s say you make a $1,000 profit and close the position. Your balance rises to $101,000, and your threshold is now $97,500.

• In your next trade, you reach an account balance of $102,000, BUT you didn’t close the position until your balance fell to $101,500. In this case, your threshold would be $98,500.

Trading	Opening Position Balance	Highest Unrealized Profit Value	Closing Position Balance	Trailing Drawdown Limit	Account Threshold
Starting Position	$100,000	–	–	$3500	$96,500
1st trade position	$100,000	$101,000	$101,000	$3500	$97,500
2nd trade position	$101,000	$102,000	$101,500	$3500	$98,500 (formula)

As you can see, your account threshold will always be based on the highest reached and unrealized profit per trade. This is why monitoring your progress R|Trader Pro and staying informed about your trades is important.

Overnight Trading Positions

Some of the trading terminologies can be a bit cryptic when you’re new to futures trading. To help you out, let’s clarify what an overnight trading position means. Simply put, it’s any open contracts that aren’t closed out before the end of a trading day.

Flexy Trade want to ensure your positions are safely put away before calling it a night. Therefore, FlexyTrade policy is straightforward, make sure to close all your trades by the end of the trading day.

Allowed number of Contracts

FlexyTrade want to make sure you have the best experience while trading with them. That’s why the prop firm has set guidelines around account limits and position sizes for good reason. While it’s exciting to scale up as your skills progress, safety must remain the top priority. With that in mind, here are the following numbers of contracts you can trade at a time:

• One (1) E-mini contracts is equal to ten (10) Micros e-mini contracts. So be sure all positions added up fall within the limit.

• One (1) E-mini contracts is equal to ten (10) Micros e-mini contracts. So be sure all positions added up fall within the limit.

As you can see, the max number of contracts or position size you can trade is determined by your program.

FlexyTrade know it feels great as the wins start piling up and you have a good flow, but please keep in mind that going over the limit could lead to account deactivation.

Trading Instruments

The prop fim gives you access to major exchanges like CME Group, COMEX, CBOT, and NYMEX, exposing you to a diverse set of assets.

FlexyTrade have tons of options to choose from across different exchanges. Checkout the following instruments below:

Micro Futures	Equity Futures		Currency Futures		Metal Futures
Micro E-Mini S&P 500 (MES) Micro E-Mini Dow Jones (MYM) Micro E-Mini Nasdaq-100 (MNQ) Micro E-Mini Russel 2000 (M2K)	E-mini S&P 500 (ES) Nikkei NKD (NKD) E-mini NASDAQ 100 (NQ) Mini-DOW (YM) E-mini Midcap 400 (EMD) Russel 2000 (RTY)		Australian Dollar (6A) Canadian Dollar (6C) E-mini Euro FX (6E) E-micro Euro (M6E) Japanese Yen (6J) Swiss Franc (6S) New Zealand Dollar (6N)		Gold (GC) E-micro Gold (MGC) Silver(SI) Copper(HG) Platinum(PL)
Interest Rate Futures		Agricultural Futures		Energy Futures
Eurodollar (GE) 2-Year Note (ZT) 5-Year Note (ZF) 10-Year Note (ZN) 30-Year Bond (ZB) Ultra-Bond (UB)		Lean Hogs (HE) Live Cattle (LE) Feeder Cattle (GF) Corn (ZC) Wheat (ZW) Soybeans (ZS) Soybean Meal (ZM) Soybean Oil (ZL)		Crude Oil (CL) Micro Crude Oil (MCL) E-mini Crude Oil (QM) Natural Gas (NG) E-mini Natural Gas (QG) New York Harbor (RB)

Trading Hours

One crucial element that can significantly impact your success is understanding and adhering to the permitted trading schedule. By staying in sync with the market’s rhythm, you can seize opportunities, minimize risks, and make informed trading decisions!

FlexyTrade trading hours for CME instruments are based on Chicago US Time (CT), and here’s the schedule:

	Sunday to Friday	Sunday to Friday
CME Globex	6:00 p.m. – 5:00 p.m. ET (5:00 p.m. – 4:00 p.m. CT)*	60-minute break each day starting at 5:00 p.m. ET (4:00 p.m. CT)*
	Sunday to Friday	Monday to Thursday
CME ClearPort	6:00 p.m. – 6:45 p.m. ET (5:00 p.m. – 5:45 p.m. CT)*	15-minute maintenance window between 6:45 p.m. – 7:00 p.m. ET (5:45 p.m. – 6:00 p.m. CT)*

Managing your time effectively is a key factor in achieving a successful trading experience. By staying aware of these trading hours, you can plan your trades strategically and seize opportunities with confidence.

Rollover Dates:

Now a quick reminder about some important dates. FlexyTrade follow the standard rollover calendar set by the exchanges. Simply put, it’s your responsibility to close out any contracts before the listed expiration date each month.

It’s important that you stay alert and make the necessary adjustments to your contracts when the rollover date approaches as stated here: Equity Index Roll Dates

When a position remains open past the rollover date, which is the following Monday, you’ll end up breaching the prop firm trading rules.

Something that can help is using a calendar alert to keep tabs on the dates. Just set them for a week ahead or a day before to remind yourself. Easy fix to cover your bases.

Commission Rates

As defined, futures commission rates are the fees that futures brokers charge traders for executing futures trades. Flexytrade offer a brokerage firm to provide near-live market data for their traders.

Here is an overview of the commission rates for trading micro and mini contracts:

Micro Commissions:
Micro contracts offer a cost-effective way for traders to practice and develop their skills. Commissions for micro contracts are:

• $0.5 per side or $1 roundtrip

Some examples of micro contracts include:

• MES: Micro E-Mini S&P 500 Futures
• MNQ: Micro E-Mini NASDAQ 100 Futures
• MCL: Micro Crude Oil Futures

E-mini Commissions:
For those of you who are seeking higher contract values, FlexyTrade standard e-mini contracts are available at this commission rate:

• $2.5 per side and $5 roundtrip trade

Some examples of e-mini contracts include:

• ES: E-Mini S&P 500 Futures
• NQ: E-Mini NASDAQ 100 Futures
• YM: E-Mini Dow Futures

Consistency Rule

When it comes to trading, consistency means your ability to follow trading principles in a constant and stable manner. It serves as a measure of your capability to generate profits and effectively manage risks consistently. As traders, FlexyTrade know how important it is to have patience, emotional control, risk management, and the ability to deliver consistent results.

The FlexyTrade Consistency Rule states that no single trading day should account for more than 30% of the total profit achieved throughout your trading journey. What this means is you need to aim for a nice, even distribution of profits, where no single day contributes more than 30% to the total profit.

Aside from this, you also need to trade for at least four (4) days for us to assess your trading strategies. These trading days don’t have to be consecutive, giving you the flexibility to trade according to your schedule.

The Consistency Rule goes hand-in-hand with FlexyTrade payout policy. When you request a withdrawal, it’s important to ensure that your daily profits consistently fall within 30% of the total profit you plan to withdraw.

To put it simply, let’s say you want to withdraw a certain amount of profit from your trading activities. According to the Consistency Rule, you have to keep your daily profits below or equal to 30% of your total earnings. If your daily profits go beyond this 30% threshold, that’s a breach of the Consistency Rule and may delay the approval of your payout request.

FlexyTrade Payout Policy

After successfully completing the challenge, traders enter into a profit-sharing arrangement where they keep the lion’s share of the profits earned. The profit split is structured so that traders retain 90% of the profits, but this applies only to profits exceeding $25,000. Any profits below this amount are entirely the trader’s, with a 100% payout. This setup is crafted to incentivize and reward effective trading.

Now, before FlexyTrade can proceed with your payout request, the firm first need to conduct an account validation. To do this, FlexyTrade just need you to submit some necessary documents, a straightforward process that you can easily do through the Trader’s Dashboard under Payout Request.

The first thing to know is that FlexyTrade have safety net in place based on your account size. Basically, this is the minimum amount required to stay in your account.

Account Size	Safety Net
$25,000 Intro Account	$1,600
$50,000 Intermediate Account	$2,600
$100,000 Expert Account	$3,100

The safety net isn’t just about leaving funds on the sidelines, it also gives your strategy breathing room during pullbacks. Markets can be volatile, so it’s good to have that cushion in case a drawdown hits.

You can request your first payout after your profits exceed FlexyTrade set safety thresholds and your balance reaches the minimum withdrawal amount of $500.

Maximum Withdrawal

Account Size	Maximum Amount
$25,000 Intro Account	$1,000
$50,000 Intermediate Account	$1,500
$100,000 Expert Account	$1,750

In addition to the safety net, you must also follow FlexyTrade Consistency Rule.

Trading Platforms

FlexyTrade’ve partnered with Quantower. Quantower is packed with a wide range of features including a DOM Surface and an integrated Copy Trade system. FlexyTrade will get you free Quantower access.

if you already have your own license for platform, you can easily connect them as they are fully compatible with FlexyTrade

Here’s the full list of FlexyTrade other supported trading platforms:

• Agena Trader
• Atas
• Bookmap
• Collective 2
• Inside Edge
• Jigsaw DayTradr
• Medved Trader
• Motive Wave
• MultiCharts
• Optimus Flow
• Overcharts
• Photon Trader
• Quantower
• Quick Screen Trading
• R Investor
• Scalp
• Scalp Tool
• Sierra Chart
• Tiger Trade
• Trade Navigator
• TS Lab
• VolFix

FlexyTrade Pros & Cons

Conclusion

FlexyTrade caters to a specific niche of traders seeking a futures prop firm that prioritizes flexibility and control over their trading experience. The one-time evaluation fee structure, streamlined process, eliminating recurring subscription fees, and potentially high profit splits make it an enticing option. It also allows traders to copy trades across up to 20 accounts, enhancing scalability and strategy implementation. Additionally, the FlexyTrade prop firm features an intuitive dashboard, simplifying account management and trading activities. These elements combine to offer a straightforward, efficient trading experience.

However, the single-shot evaluation and the fact that FlexyTrade is a newer company warrant careful consideration. Weighing the pros and cons, alongside a thorough examination of their evaluation criteria, will help you determine if FlexyTrade aligns with your trading goals and risk tolerance. Furthermore, we recommend gauging the pros and cons of FlexyTrade and compare it to its main competitors, including industry leaders Topstep, Apex Trader Funding, and MyFundedFutures. Each of these futures prop firms offer access to multiple account options for undercapitalized futures funded traders, enabling them to perform in the futures markets. Like FlexyTrade, these prop firms grant you access to sophisticated trading platforms and futures contracts as well as offering attractive payout structures.

To learn more, get all the insights you need in our comprehensive Prop Firm Plus Reviews: 

• Apex Trader Review 2024 

• Topstep Review 2024 

• MyFundedFutures Review 2024