Clarity Traders Review with Rankings 2024 By Dumb Little Man

By John V

January 10, 2024   •   Fact checked by Dumb Little Man

Overall Rating

Overall Ranking

Trading Terminals

2.8

26th

Evaluation Criteria

The team at Dumb Little Man, known for their expertise in finance and trading, specializes in detailed reviews of prop trading firms. They use a detailed algorithm and rigorous assessment methods, focusing on crucial elements for comprehensive broker evaluations. These elements encompass:

  • Prompt and effective customer service
  • Quick access to funds
  • Strong financial and data safeguards
  • Adherence to ethical trading norms
  • Realistic trading goals
  • Equitable profit sharing


In their review of Clarity Traders, the team found that the firm exceeds these key criteria. Clarity Traders distinguishes itself with its in-depth broker knowledge and strong trader support, underlining its notable position in the prop trading sector.

A “prop firm”, also referred to as a proprietary trading firm, is a financial institution that distributes its own capital to traders. Usually, a company hires experienced traders and gives them funds to trade on different financial markets.

One such firm is Clarity Traders, which hires traders all over the world and gives them the opportunity to handle up to $300,000 in capital.

This post offers a thorough analysis of this prop firm by fusing real customer reviews with analysis from Dumb Little Man’s trading expertise. Because this review is written with both experienced and novice traders in mind, a broad audience can easily access and benefit from the information presented.

What is Clarity Traders?

Based in Dover, Delaware, Clarity Traders is a proprietary trading company. Its distinct goal is to find and develop untapped trading talent around the world. With funding of up to $300,000, they aim to draw traders from different regions.

Essentially, it uses a methodical methodology to identify knowledgeable traders. The company evaluates prospective traders’ skills through a battery of tests and offers a regulated avenue for them to demonstrate their trading expertise.

The chance to oversee a funded trading account is awarded to successful applicants, signifying a major advancement in their trading careers.

The famed YouTuber MambaFX, who is well-known for his trading expertise, has a considerable influence on the firm’s vision and strategic direction. Being the proprietor, MambaFX’s wisdom and vision are essential to the development and standing of the company in the trading industry.

His impact is seen by the prop firm’s traders and operations in addition to his YouTube following.

The company may be reached at 8 The Green Suite B, Dover, Delaware 19901, for prospective traders wishing to get in touch with the company. Because this place serves as the center of its operations, it has a notable reputation in the prop trading industry.

Pros and Cons of Clarity Traders

Pros

  • Manage up to $300,000
  • Structured skill-building challenges
  • 24/7 customer support availability
  • Straightforward withdrawal process
  • Global trader support

Cons

  • Stringent evaluation requirements
  • Varied customer experiences
  • Challenging for beginners
  • Primarily online support
  • Potential slow response times in customer service

Safety and Security of Clarity Traders

Based on thorough research by experts at Dumb Little Man, Clarity Traders emphasizes the importance of safety using a detailed risk warning on their official website, advising prospective clients that trading activities should only be undertaken with full awareness of potential losses, which may exceed the initial investment.

The company recommends that consumers seek clarification from an independent financial advisor and refrain from trading until they have a thorough grasp of these risks. To demonstrate its dedication to ethical and open trading, it has a policy of not providing investing advice or recommendations.

Clarity Traders Bonuses and Contests

There aren’t any bonuses or competitions running right now for traders at Clarity Traders. Nonetheless, people who are interested in these chances should keep an eye out for upcoming developments.

The company invites merchants and prospective customers to keep up to date on their products. Future competitions or bonus events might be added, giving traders more chances.

Clarity Traders Customer Reviews

With a 4.2-star rating on Trustpilot right now, Clarity Traders offers a range of customer reviews.

Customers who have left positive reviews have expressed pleasure with their returns and the simplicity of withdrawing substantial amounts from cryptocurrency trading, as well as successful investments and effective withdrawal procedures.

However, a number of reviews voice serious displeasure, citing unclear loss scenarios and transaction restrictions that raise questions about the platform’s openness and fairness. This diversity of viewpoints reflects the wide range of experiences that their customers have to offer.

Clarity Traders Commissions and Fees

For their traders, Clarity Traders provides tight spreads and competitive trading conditions. They pay a commission of $7 per lot for a variety of Forex pairings, each with a contract size of 100,000 and a minimum step of 0.01; this price structure will be in place as of November 16, 2023.

This charge is applicable to a wide range of currency pairs, including GBPJPYx, EURUSDx, and AUDCADx.

They offer trading options for indices and commodities in addition to Forex. The prop firm doesn’t charge commissions on commodities like BRENT, WTI, and NGAS, or for indexes like AUS200, GER40, NAS100, and others.

As this fee structure may be updated at any time without notice, traders are urged to stay informed about any prospective changes by contacting the support staff with any inquiries.

Clarity Traders Account Types

Clarity Traders offers three account types with different prices, the 1 Phase Challenge, the Traditional Challenge, and the Accelerated Challenge. These accounts have different limits and rules.

1 Phase Challenge has two different trading objectives for the Evaluation phase and the Funded phase. Both phases have a 4% Maximum Daily Drawdown and a 6% Maximum Overall Drawdown. However, the Evaluation phase has a 10% Profit Target, and a 30% Consistency Rule, while the Funded phase doesn’t have either.

The Traditional Challenge has Stage 1 and Stage 2 before getting Funded. The Maximum Daily Drawdown for this account type is 5%, while the Maximum Overall Drawdown is 8% for Stages 1 and 2, then 10% for the Funded phase.

The profit target is 8% for Stage 1, then 5% for Stage 2, and none for the Funded phase. 30% Consistency Rule is applied for Stages 1 and 2, and none for the Funded trader.

The Accelerated Challenge has the same Maximum Daily and Overall Drawdown, even the Profit Target, but there is no Consistency Rules even in Stages 1 and 2.

Opening a Clarity Traders Account

Opening an account with Clarity Traders is a straightforward process. Follow these simple steps to begin your journey towards becoming a successful trader.

  1. Visit their website and navigate to the sign-up page.
  2. Enter your email address and click the ‘Sign Up’ button.
  3. Check your email and click on the ‘Complete Sign Up’ button within it.
  4. Fill out the registration form with all the required details.
  5. Read and confirm your understanding of the Terms and Conditions.
  6. Click on the ‘Confirm’ button to finalize your registration.
  7. Receive confirmation that your registration is complete.
  8. Learn about purchasing your first Challenge by following the provided tutorial link.

Clarity Traders Customer Support

Clarity Traders prioritizes customer support, ensuring that users can easily find dedicated assistance whenever they need it. This commitment is based on the experiences shared by Dumb Little Man regarding their interaction with the firm’s customer service.

For any queries or issues, they encourage clients to contact their support team. The support is accessible through various channels, including a live chat feature on their website and via email at [email protected]. This flexibility in communication options caters to different preferences and needs of clients.

The firm is located at 8 The Green Suite B, Dover, Delaware 19901, and offers round-the-clock support. Their business hours for emails and live chat are 24/7, Monday through Sunday, ensuring constant availability to assist their clients in their learning and trading journey.

Advantages and Disadvantages of Clarity Traders Customer Support

AdvantagesDisadvantages
24/7 email and live chat support

Flexible Options include live chat and email

Ticket Support available

Limited In-Person Support

High Demand Issues

Clarity Traders Withdrawal Options

Clarity Traders provides a structured withdrawal process for its users, as tested and confirmed by a trading professional at Dumb Little Man. Users can expect to receive funds from their withdrawals within 14 days following their first trade on a Funded Account.

Furthermore, after the initial withdrawal, traders have to wait to get profit payouts every 14 days. It’s important to note that all payments are made in USDT (Tether), a stablecoin pegged to the US dollar.

Clarity Trader’s Challenges and Difficulties

In Clarity Traders Challenges, traders must meet a predefined profit target and rules in each phase to succeed. This target varies depending on the challenge and its phase.

Two-Phase Challenges: Evaluation and Verification

In the two-phase challenges, which include the Accelerate and Regular options, the profit goals differ across phases. The Evaluation phase sets an 8% profit target, while the Verification phase requires a 5% profit gain.

This target is calculated as a percentage of the total profit from closed trades in the trader’s challenge account during the respective phase. For instance, on a $100,000 funded account, the targets are $8,000 in Phase 1 and $5,000 in Phase 2.

Single Phase Challenge

For challenges that encompass only a single phase, the set profit target is 10%. This singular phase simplifies the process but maintains a rigorous profit objective.

It has designed these challenges to test and validate a trader’s skills. Achieving these profit targets is essential for advancing through the challenge phases and ultimately qualifying for funding.

How to Pass Clarity Traders Evaluation Process

Passing the evaluation process of Clarity Traders demands a keen understanding of its rigorous requirements. For traders aiming to succeed, it’s vital to be well-equipped with the necessary knowledge and strategy.

Enrolling in a comprehensive training program is a key step in this journey. Such a program provides the essential preparation needed to effectively navigate and successfully complete their challenging evaluation process.

Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia

Asia Forex Mentor is highly regarded as an effective platform for those looking to overcome the Clarity Traders evaluation process. Endorsed by experts at Dumb Little Man, it’s especially beneficial for those serious about tackling its challenge.

Founded by Ezekiel Chew, a renowned trading expert with a record of six-figure trades, Asia Forex Mentor has guided thousands of traders through prop firm evaluations.

The platform’s cornerstone, the One Core Program, is designed by Ezekiel Chew based on his extensive two-decade trading experience. This program focuses on teaching forex traders profitable strategies.

Ezekiel’s journey in creating Asia Forex Mentor started from teaching close friends, eventually expanding to online classes. His commitment to sharing his wisdom and expertise has made Asia Forex Mentor a go-to resource for aspiring forex traders.

How Could Asia Forex Mentor Help You Pass Clarity Traders Challenge?

Forex Trading Tutorial
Photo: asiaforexmentor.com

For individuals looking to pass Clarity Trader’s Evaluation Process, Asia Forex Mentor stands out as a very reliable and successful platform. Its popularity in the field of financial education is evidence of its capacity to help traders achieve success.

Best Comprehensive Course Offering: Awarded by Investopedia, a leading financial content website, Asia Forex Mentor’s One Core Program is recognized as the most comprehensive Forex course available. This recognition underscores the depth and breadth of the program, making it an ideal learning tool for those preparing for E8 Funding’s evaluation.

Best Forex Trading Training: The One Core Program was named the best trading training for beginners by Benzinga, a well-known source of financial, economic, and stock market news. Benzinga’s endorsement of the software underlines its usefulness for traders of all skill levels, from novice to advanced.

Best Forex Trading Mentor: Asia Forex Mentor was designated the best forex mentor by BestOnlineForexBroker in 2021, acknowledging its capacity to assist traders in achieving large gains in trading.

Top Trading Courses: Asia Forex Mentor was ranked first in a comprehensive analysis conducted by prominent forex traders and platforms for its effective trading strategies and systems.

These awards and recognitions attest to the One Core Program’s ability to meet and exceed the expectations of both novice and seasoned traders. Those who are preparing for Clarity Traders’ tasks should enroll in Asia Forex Mentor to prepare themselves with great ways and insights.

Asia Forex Mentor Members’ Testimonials

Ezekiel Chew’s Asia Forex Mentor One Core Program participants have left positive reviews regarding their experiences and achievements. Many highlight how they went from being novices with little to no experience in trading to becoming experts at interpreting and placing trades.

They give the curriculum credit for breaking down sophisticated methods and approaches into an approachable level. Ezekiel Chew’s aptitude for teaching and depth of trading expertise are frequently cited as major contributors to the course’s success.

The program is highly recommended by the members due to its comprehensive material as well as the ease and clarity with which it provides insightful information. A recurring topic in these members’ testimonies is their metamorphosis and their newly discovered confidence in trade.

>> Also Read: Asia Forex Mentor Review By Dumb Little Man

Conclusion

To sum up, Clarity Traders presents a unique chance for traders, distinguished by its capacity to handle large sums of money and its methodical approach to honing techniques. The trading specialists at Dumb Little Man recognize these advantages, particularly the international presence and the all-encompassing tasks intended to enhance a trader’s skill.

Improving abilities through programs like Asia Forex Mentor may be essential for individuals who are committed to succeeding with Clarity Traders. This program greatly raises the chances of passing its rigorous evaluation and is well-known for its efficacy in training both novice and experienced traders.

>> Also Read: E8 Funding Review with Rankings 2024 By Dumb Little Man

Clarity Traders Review FAQs

What is the main focus of the Clarity Traders’ program?

Its primary goal is to give traders—especially those with an interest in trading—the chance to manage substantial sums of money and hone their abilities.

Can a beginning forex trader benefit from joining Clarity Traders?

Yes, novices can gain from it, but the rigorous examination procedure may present difficulties for them. It is advised that new forex traders develop their abilities by enrolling in extensive training courses.

Does Clarity Traders offer support for becoming a funded trader?

Yes. By assessing and refining their skills, a company like this has organized challenges and evaluations that aim to help traders get profits and become successful in Forex.

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John V

John is a digital marketing master's student who enjoys writing articles on business, finance, health, and relationships in his free time. His diverse interests and ability to convey complex ideas in a clear, engaging manner make him a valuable contributor to these fields.

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