Glow Node is a reputable prop trading firm and trading tool provider. Founded in 2021, their mission is to support traders in achieving success.
They started by releasing trading indicators on TradingView and now offer funded trading, education, and premium tools. Their standout feature is the funded trading program, allowing traders to access capital and trade forex, crypto, indices, and metals.
The program works on performance—meet profit targets and earn a funded account. Glow Node provides the platform and capital. You provide the skills. If you’ve got an edge in the markets and want to turn it into a career, Glow Node could be your chance to go pro. Here is a detailed Glow Node review.
Glow Node Indicators and TradingView Platform
Glow Node’s selection of custom indicators for TradingView gives you an edge. Their indicators provide insights into price action and trends to help inform your trading decisions. A Glow Node subscription allows you to access premium indicators for different markets and trading styles.
Whether you’re a swing trader, scalper, or long-term investor, Glow Node has tools for your needs. The indicators integrate seamlessly into TradingView, so you can use them with your existing setup.
Glow Node gives traders valuable insights to enhance their trading process by providing a selection of versatile indicators on a familiar platform. The tight integration with TradingView makes using the indicators a smooth experience. Glow Node delivers for traders looking to gain an edge with powerful tools.
What is the Glow Node Evaluation Type?
Glow Node offers three main account evaluation types to suit your trading needs. The evaluation you choose depends on your preferences and trading style.
2-Phase Evaluation
The 2-Phase Evaluation is Glow Node’s proprietary process for evaluating and funding trader accounts. In Phase One, traders need to achieve an 8% profit target based on their initial account balance.
The daily relative drawdown is limited to 5% of the high watermark at the start of the trading day, and the absolute drawdown limit is set at 10% of the account balance, ensuring risk is kept in check.
As traders progress by increasing the size of their accounts, the drawdown limit adjusts accordingly. Once a trader achieves the profit target for their account size in Phase One, they move on to the second phase.
In Phase Two, the profit target increases to 10% while the drawdown limits remain the same. Traders who meet the Phase Two requirements may be offered a funded trading account with Glow Node, allowing them to earn a share of the profits.
Phase Two
Phase Two maintains the same risk limits as Phase One but with a higher profit target. To advance to the next evaluation phase, you must achieve a 5% profit. Once reached, your account will be upgraded to the Phase Two funding level.
The daily and maximum drawdown limits remain at 4% and 8%, respectively. However, the increased profit target provides an opportunity for greater earnings.
Upon reaching the Phase Two funding level, your trading capital and daily profit potential increase significantly. With a larger account balance, you have more flexibility to diversify your trading and scale positions to maximize gains.
The freedom to hold positions overnight and on weekends allows for more trading opportunities across global markets.
What are The Different Glow Node Account Sizes and Prices?
Glow Node offers a range of account sizes to suit any trader’s needs and budget. Whether you’re just getting started or an experienced trader looking to fund a larger account, Glow Node has options for you.
What are the Different Account Sizes and Prices?
Glow Node’s account sizes start at $5,000 and go up to $200,000. Pricing depends on the evaluation type and account size.
For a 2 Phase Evaluation, you’ll pay:
- $5,000 account for $50
- $10,000 account for $99
- $25,000 account for $199
- $50,000 account for $349
- $100,000 account for $499
- $200,000 account for $999
A 1 Phase Evaluation will cost:
- $5,000 account for $75
- $10,000 account for $149
- $25,000 account for $249
- $50,000 account for $399
- $100,000 account for $599
If you need instant funding, pricing starts at:
- $10,000 account for $450
- $25,000 account for $1,125
- $50,000 account for $2,250
- $100,000 account for $4,500
If you are looking to become a prop trader with Glow Node, you can choose an account size tailored to your trading experience, goals, and risk tolerance. Whether you start small and build up or jump in with a larger account, Glow Node has an option for you.
Does Glow Node Offer Scaling Options for Traders?
Glow Node offers scaling options for funded traders to increase their account sizes over time based on consistent profitability and performance.
To qualify for scaling, traders must maintain a minimum 3-month trading period. During this time, they can withdraw 10% of the profits earned. A 15% profit is required to maintain the absolute drawdown limit for Instant Funded accounts.
If the scaling criteria are met, traders can scale up their accounts by 30% of the initial deposit, resulting in a higher profit split of 90:10. Scaling is not limited to one time. Traders can repeat the process and scale up to $1,000,000 maximum.
This feature allows traders to substantially boost their funded accounts and gain higher profit splits by achieving steady success in their trading activities. The scaling options reward and incentivize top traders.
What are The Glow Node Withdrawals Options
Glow Node allows you to withdraw funds anytime after the 14-day waiting period. You can request a withdrawal of over $50 through your dashboard. Once requested, receiving the funds in your account will take around seven days.
After withdrawing, you must wait 14 days before requesting another one. However, you can withdraw all of your profits at once. Doing so will lower your drawdown limit to 5% of your account balance. When you reach 5% in profits again, your drawdown limit will return to your starting account balance.
What are The Glow Node Pros and Cons Based on Glow Node Online Reviews?
Glow Node receives positive reviews for its funded trader program, robust trading tools, and educational resources. Here are some Glow Node pros and cons based on online reviews.
Pros:
- Flexible trading: Glow Node allows traders to operate without time limits, allowing them to trade confidently at their own pace.
- Thriving community: Traders can benefit from being part of a large and active community on Glow Node, facilitating shared knowledge and support.
- Lucrative profit sharing: The platform follows a high-profit split model, ensuring traders receive a significant portion of their earnings, which serves as a compelling incentive.
- Back-testing tools: Traders can access them to refine their trading strategies and enhance their overall performance.
- 24/7 cryptocurrency trading: Glow Node offers the opportunity to trade cryptocurrencies continuously, as the platform remains open 24/7.
Cons
- Challenge fee refund policy: The firm retains the challenge fee refund until a trader withdraws at least 15% of profit, potentially limiting immediate access to the full amount.
- Higher funding fee: Some traders may find the funding fee relatively high, impacting their trading costs and overall profitability.
Is Glow Node Right for You? A Final Verdict
If you’re looking for an all-in-one trading platform, Glow Node deserves serious consideration. This innovative service has earned high user praise, boasting an impressive 4.6-star rating on Trustpilot.
The platform’s outstanding customer support team, seamless funding process, comfortable trading conditions, and active Discord community have all contributed to its positive reputation. Whether you’re a short-term swing trader, day trader, scalper, or aspiring trader seeking funding and educational support, Glow Node provides the tools and opportunities to enhance your trading journey.
Whether you trade stocks, forex, crypto, or futures, Glow Node delivers an exceptional experience for active traders of all experience levels. Ready to take your trading to the next level? Click here to open an account and start unleashing your potential with Glow Node.