October 2024 Update: I’ve decided to no longer work with several firms as there are industry regulations coming and I don’t believe several firms will meet the criteria, including this one. I am leaving this article up but all links to to companies I no longer represent will forward back to my main Deals and Promos Page.
You can find more information here: Regulations Are Coming – October 2024 and also find my list of recommended companies that will be compliant.
FlexyTrade review has been a popular request from people who wanted to know what I thought of their futures funding program. In fact I received an overwhelming number of requests for a FlexyTrade review. They definitely are a popular choice with large discounts and no ongoing monthly fee during the evaluation.
Disclaimer: The information below is updated regularly, but always check the FlexyTrade website for the very latest. I can’t guarantee every single detail is always up to date as companies fine tune rules or fees often.
Summary of My FlexyTrade Review
FlexyTrade has come at a time when there are several new firms, and they have stood out as the best of the new crop. They really came in strong with great pricing, large discounts, easier rules to navigate, easy signup even for multiple accounts, and no ongoing fee.
They have 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 at other funded trader evaluation companies, FlexyTrade is probably a great choice for you.
There are no account resets at FlexyTrade. If you break a rule, you lose the account. Rather than pay a reset fee, you would just sign up for a new account. Since most companies these days charge reset fees equivalent to the cost of the evaluation or even more, this isn’t a bad thing.
Once funded the first $25,000 is 100% yours! This is larger than any other firm. As well the profit split after is 90/10, the highest available in the market (along with other firms in all fairness).
You can read more below about what I like and dislike about FlexyTrade. I think you’ll see by the Pros and Cons lists that there are quite a few Pros to FlexyTrade!
Evaluations Available and Pricing
| Account Size | Price – One Time | Contracts | Goal | Drawdown |
| $25,000 | $150 | 3 | $1,500 | $1,500 |
| $50,000 | $179 | 6 | $3,000 | $2,500 |
| $100,000 | $219 | 12 | $6,000 | $3,000 |
| Bundles* | Varies – see note below | Below | Below | Below |
Bundles
FlexyTrade offers the ability to buy bundles of accounts. Effectively purchasing 5 or 10 accounts all at once for your ease. Since so many people like to copy trade and trade many accounts during the evaluation, this makes it easier than purchasing accounts one by one. The bundles are groups of 5 or 10 of each of the account sizes listed, so the rules are the same for the accounts.
Software Available
When you sign up with FlexyTrade you will connect via Rithmic, like most trader evaluation companies. You can trade in Rithmic Rtrader Pro (their software), or as well FlexyTrade provides a free Quantower license.
Note that as of early 2024, NinjaTrader is no longer giving new funded futures companies access to a free license for their software. Even if you have a paid license of your own for NinjaTrade it will not work with FlexyTrade.
You can connect to other platforms though that support Rithmic. For example I’m a fan of Jigsaw Daytradr, so I connect Jigsaw to Rithmic no problem.
Multiple Accounts
“Can I have multiple funded accounts?” is a question I get asked often, followed by “are they under the same log in?”. The answer is a resounding YES!
- You can have as many Evaluation accounts as you want under 1 log in. 2, 4, 20, or 100 if you want.
- You will also have all your funded accounts under 1 log in (meaning you can use a trade copier)
- You can have up to 20 performance accounts
Basically in line with FlexyTrade rules in general, they are more liberal than other trading firms and give traders flexibility.
Also worth mentioning, FlexyTrade offers “Bundles”, so instead of buying accounts one by one, you can buy a bundle of 5 or 10 accounts at a time. Discount code CFTRADER works on the bundles as well!
Evaluation Rules
Below are the general rules. Be sure to read the specific rules on their site.
- 1 step and no minimum trading days – pass in 1 day if you want!
- Trailing drawdown is live meaning it is during each trade
- No scaling plan
- No consistency rules
- Multiple accounts – as many evaluations as you want at the same time!
- Trade the holidays and trade during news releases
Obviously if you are new to trading a lot of this might seem confusing. I recommend reading extensively over their Faqs and knowing what you are getting yourself into.
Funded Account Rules
Again, you should read all the rules on FlexyTrade website. Important ones though are the trailing draw down stops at the initial balance. So if you are in the $50,000 account, once your trailing draw down hits $50,000, it will stop there. So if you got your balance to $60,000, you effectively have a $10,000 buffer. This is better than the evaluation stage, not worse.
Consistency Rules – no one day can count for more than 30% of your total profits. Like most companies, they don’t want people going for windfall profits. As well you need a minimum of 4 trading days between withdrawals (you pretty much have to do this anyway to meet the 30% rule).
Funded Account Fees
There are one time activation fees for accounts. This is very standard in the industry.
- $25K Account: $139
- $50K Account: $149
- $100K Account: $249
This is per account, so if you pass 10 accounts, you would pay the activation fee for each one. This is a one time fee, once paid there are no more fees (unless you want market data, which is only a once per month amount, and not per account).
Funded Account Withdraw Frequency & Methods
This is one where I do really encourage you to read the withdrawal rules from their site. Below is a general high level of how it works. It’s not too complicated honestly to withdraw and get a payout from FlexyTrade.
- Withdrawals are now after 10 trading days – trade 10 days between withdrawals
- You receive 100% of the first $25,000. You receive 90% thereafter
- Payouts are done via Bank Wire or USDT Crypto transfer
- You can request a withdrawal at any point after the 10 days of trading
Pros of FlexyTrade
- One time fee only – only company currently doing this
- No minimum trading days
- Multiple funded accounts
- No scaling plan
- No daily draw down
- Trade during news/holidays
- Biggest profit split available at 90% to you (plus the biggest initial $25K 100%)
Cons of FlexyTrade
- Live trailing draw down during evaluation
- Newer firm for 2024 – over time as they have a large stable of funded and paid traders this won’t be a con
Unique Standout Features of FlexyTrade
- Best feature: 1 Time Fee! No more ongoing monthly fees. If it takes you longer than a month, no problem!
- Large discounts – up to 90% off at times
I hope you found my FlexyTrade review helpful. I really like what I’m seeing from FlexyTrade and look forward to a long relationship trading with them!
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. 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 have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.