Glow Node Review with Rankings 2024 By Dumb Little Man

A “Prop trading firm”, also referred to as a proprietary trading firm, provides traders with a unique opportunity. Proprietary trading firms invest directly on behalf of the company. Prop trading firms benefit by not only getting a share of the profit from successful traders but also by replicating their trading strategies. Among these prop firms is Glow Node.

With an emphasis on developing trading tools, and by combining the founder’s core trading expertise, Glow Node made its first appearance as a proprietary trading firm in the competitive market of trading year 2022. The firm was motivated by their passion for trading which resulted in the release of their first Trading View Indicator.

This review article offers a concise and fair summary of Glow Node as a proprietary trading firm by combining user feedback and their trading journey with professional opinions from Dumb Little Man trading experts.

What is Glow Node?

Created by Sam Bradbury and Ryan Beasley, Glow Node is a new, dynamic proprietary trading company with its headquarters located in the UK. It was founded in April of 2022. Its unique combination of enthusiasm, camaraderie, and support sets it apart in the financial world.

The company aims to elevate excellent trading to greatness by offering free trading education and interactive community sessions, such as a Discord channel where traders may access live training sessions with skilled trainers.

The CEO and co-founder, Sam Bradbury, has extensive expertise as a full-time trader since 2016 and also has a history in sales and prop company evaluations. His background and industry knowledge are essential to the foundation of Glow Node, as he created a platform designed to assist traders in raising more capital.

Ryan Beasley, the CEO and co-founder, combines his experience as a full-stack developer, trader, and entrepreneur. His love of technology and trading was crucial in the creation of software that streamlined trading operations and led to the founding of Glow Node.

New add-ons and Premium Challenges are how Glow Node distinguishes itself. By giving traders access to virtual funded accounts, resources, and training to enable them to generate profits, the firm addressed a gap in the market.

Weekly rewards and an incredible 90% profit share right away show how committed the innovative strategy is to boosting traders’ wealth and financial independence.

By introducing its first Trading View Indicator and displaying its distinctive trading program, Glow Node established itself as a cutting-edge prop firm by embracing the ‘From Traders to Traders’ approach.

Pros and Cons of Glow Node

Pros:

• Diverse Account Options
• Training and Support
• Flexible Scaling Program
• Robust Customer Support
• Withdrawal Options
• Incentives and Bonuses

Cons:

• Limited Support Hours
• Email Support Inefficiency
• Trading Restrictions
• Challenge Strictness
• Dependence on Digital Platforms
• Mixed Customer Reviews

Safety and Security of Glow Node

For its traders and partners, Glow Node, a proprietary trading company, safety and security are vital. Dumb Little Man conducted an extensive study and found that Eightcap effectively handles the responsibility of handling transactions to the interbank market on behalf of Glow Node.

Eightcap plays a crucial part in handling these transactions, making sure that trades are carried out legally and safely.

It’s interesting to note that while regulation is required for the firm itself, registration is not for a prop firm such as Glow Node. On the other hand, Eightcap regulation is crucial. One can obtain a thorough list of all currently valid licenses and pertinent paperwork by visiting the official Eightcap website.

Eightcap’s transparency and adherence to regulations provide traders and partners of Glow Node with the assurance that their transactions are carried out with the utmost professionalism and security in the interbank market.

Glow Node Bonuses and Contests

Glow Node makes trading even more exciting by treating its customers to alluring bonuses and competitions. New customers who sign up with Glow Node get a 20% initial discount, which is a big incentive for individuals who are just getting started with trading.

In addition to lowering upfront expenses, this reduction gives the trading company access to several fresh challenges and unique chances.

The company’s bonus and competition policy aims to actively involve its clients and promote a spirit of camaraderie and rivalry. Through the provision of these exclusive incentives, Glow Node not only draws in new traders but also keeps the ones it already has by consistently improving its trading environment.

This tactic demonstrates Glow Node’s dedication to fostering an exciting and profitable environment for every one of its traders.

Glow Node Customer Reviews

The proprietary trading company Glow Node presently has a 4-star Trustpilot rating, reflecting a range of consumer experiences. Some clients emphasize Glow Node’s prompt payouts and great support staff, emphasizing the company’s problem-solving abilities and reactivity.

The company is also commended for its thriving and dynamic community, which provides a good atmosphere and growth prospects, particularly for novice traders.

However, there are also complaints about the trading activities of the firm, namely over odd spreads that lead to trades closing out of the blue. There is space for improvement in several areas of Glow Node’s services, as indicated by this variation in experiences, which goes into the overall assessment.

Glow Node Commissions and Fees

Glow Node offers distinct account options with specific commissions and fees tailored to different trading strategies and goals. The firm charges a commission of $3.5 per lot on forex pairs, a fee applied to both sides of a trade, aimed at simulating live trading conditions.

For the Classic account, traders enjoy an 85% profit split, with a Challenge Fee of $49 to $499. This account type caters to traders looking for straightforward trading conditions with a high profit share.

The Custom Account is divided into two phases, offering flexibility in trading approaches. Phase 1 features a profit split ranging from 60% to 80%, along with a Challenge Fee of $150 to $600. Moving to Phase 2, the profit split remains the same (60% – 80%), and the Challenge Fee is set at $107 to $578.

Glow Node’s scaling program requires a minimum of three months of trading activity and a 10% payout over this period. The funded account’s initial balance must stay above the initial amount for traders to qualify for scaling.

Upon successful scaling, the funded account size can be increased by 30% of the initial balance, and the payout split can go up to a 90:10 ratio. This process can be repeated up to a cap of $1,000,000.

Traders are allowed to manage up to three active accounts simultaneously, with a total maximum starting balance of $300,000 across all accounts. Glow Node offers a refund of challenge fees after the second payout; this is the only condition under which refunds are available.

These tailored funded account options and fee structures reflect Glow Node’s commitment to providing a practical and profitable trading environment.

Glow Node Account Types

Glow Node has 2 account types with various limits and phases.

Classic Account Type

This only has one phase, and funding is between $5,000 to $200,000. Below are the terms for the Classic account type.

Phase 2:

• Platform: MetaTrader 4 or 5
• Profit Split: 85%
• Phase 1 Profit Target: 8%
• Phase 2 Profit Target: 4%
• Limits: None
• Daily Drawdown: 4%
• Maximum Drawdown: 8%
• Challenge Fee: from $49 to $499

Custom Account Type

It has two phases and is ranging between $10,000 to $100,000 for both phases. Below are the terms for each phase:

Phase 1:

• Platform: MetaTrader 4 or 5
• Profit Split: from 60% to 80%
• Phase 1 Profit Target: 10%
• Phase 2 Profit Target: None
• Limits: None
• Daily Drawdown: from 3% to 4%
• Maximum Drawdown: from 4% to 8%
• Challenge Fee: $150 to $600

Phase 2:

• Platform: MetaTrader 4 or 5
• Profit Split: from 60% to 80%
• Phase 1 Profit Target: 8%
• Phasd 2 Profit Target: 5%
• Limits: None
• Daily Drawdown: from 3% to 5%
• Maximum Drawdown: from 5% to 12%
• Challenge Fee: $107 to $578

Opening a Glow Node Account

Opening an account with Glow Node is a straightforward process. Follow these eight simple steps to set up your trading account efficiently and securely.

1. Start by visiting the Glow Node website to begin the account creation process.
2. Carefully select the type of account you wish to open, based on your trading preferences.
3. Decide on the size of the account you want to manage, aligning with your investment goals.
4. Proceed by clicking on ‘Buy Now’ to move forward with the account setup.
5. If you have a promotional or discount code, enter it at this stage.
6. Provide your billing information accurately to ensure a smooth transaction.
7. Enter your credit card details for payment purposes.
8. Read and agree to the terms and conditions to complete your account registration.

Glow Node Customer Support

For Glow Node to function as a private trading company, customer service is essential. It’s clear from Dumb Little Man’s experiences that dependable and approachable technical help is essential for responding to partners’ questions and pressing demands.

Glow Node has incorporated a live chat function and keeps an active presence on a Discord channel, where its administrators are accessible every day from 7:00 to 22:00 GMT, to guarantee efficient communication.

Although email assistance is offered as well, live chat and Discord are generally thought to be more effective means of communication.

This multi-channel customer care approach of this prop firm reflects their dedication to providing prompt and knowledgeable guidance, guaranteeing partners have easy access to support whenever they need it.

Advantages and Disadvantages of Glow Node Customer Support

Glow Node Withdrawal Options

A trading expert at Dumb Little Man has carefully examined and analyzed Glow Node’s withdrawal alternatives, providing detailed information on the procedure. Interestingly, the drawdown limit does not change when a withdrawal is made.

For example, if a trader’s drawdown limit was $90,000 before the withdrawal, it will remain at $90,000 after the withdrawal.

The withdrawal procedure affects the financial thresholds of Glow Node’s Relative Drawdown Accounts. The amount that a trader removes from their live account is subtracted from the account’s high watermark.

Withdrawing $4,000 will change the account’s high water mark to $101,000, balance to $100,000, and breach level to $93,000, for instance, if the account’s high water mark is $105,000, balance is $104,000, and breach level is $97,000.

By making this change, the risk characteristics of the account are adjusted to reflect the new amount after the withdrawal.

Glow Node Challenges and Difficulties

Glow Node Trading Requirements

Glow Node enforces specific trading rules to ensure fair and individual trading practices. The firm prohibits the use of third-party services to pass trading challenges, as these challenges are designed to evaluate a trader’s trading skills and trading style.

This policy helps Glow Node assess how a trader will handle a live funded account, and using a service to bypass this evaluation will disqualify the trader from receiving funding.

Prohibited Trading Styles:

• High-Frequency Trading (HFT) or High-Volume Scalping.
• Arbitrage Trading that takes advantage of latency issues.
• Martingale Trading / Grid Trading, except for adding to an existing position.
• Hedging across multiple accounts or reverse trading, including reverse trading across different firms.
• Copy Trading across multiple accounts.
• All-or-nothing trading, where a single trade risks the entire account.
• Any trading style considered excessively risky by Glow Node, may require a challenge retake.

Trading During News Events

News Trading is permitted at Glow Node, but with restrictions. Traders are limited to using no more than 50% of their margin during these times. If significant profits result from abnormal price movements during a news event, Glow Node may reset the trade and request the trader to demonstrate more consistent trading practices.

To add to this Glow Node review, due to market volatility during news events, there might be discrepancies in account synchronization and slippage, which could affect results. Therefore, profits made during news events on funded accounts are not guaranteed.

Copy Trading Policies

This prop firm allows traders to copy trades from individuals outside the firm but prohibits copy trading from another account within the firm, including a trader’s additional accounts. This practice is viewed as collusion and can lead to account termination.

Copy trading is defined as executing the same trade across multiple accounts in the same direction.

For instance, if a trader buys XAUUSD on one account, they should not do the same on another account until the first trade is closed. However, traders now have the option to merge their funded accounts for increased buying power.

How to Pass Glow Node Evaluation Process

Successfully navigating the evaluation process of Glow Node funding demands a thorough understanding of its rigorous criteria. To improve the likelihood of success, traders must arm themselves with the necessary skills and insights.

Engaging in a comprehensive training program is a strategic move in this regard. It provides traders with the requisite knowledge and tactics to effectively meet the challenges of the evaluation and increases their chances of passing it.

Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia

Asia Forex Mentor, endorsed by trading experts at Dumb Little Man, stands out as an ideal platform for those aspiring to pass the Glow Node evaluation process. Founded by Ezekiel Chew, a renowned forex trading expert with over two decades of experience, Asia Forex Mentor has a proven track record of helping thousands of traders successfully navigate and pass proprietary firm evaluations.

Ezekiel, who also leads the Golden Eye Group, developed the One Core Program to teach forex traders effective strategies to profit from their trading journey. His success in the field is a testament to the effectiveness of the methods he teaches.

Originating from his journey and starting with lessons for close friends, Ezekiel expanded his classes online, and Asia Forex Mentor has since become a pivotal resource for traders looking to enhance their skills and successfully meet the challenges posed by firms like Glow Node.

How Could Asia Forex Mentor Help You Pass the Glow Node Challenge?

Asia Forex Mentor’s effectiveness in preparing traders for the Glow Node challenge is underpinned by its impressive credentials and widespread recognition in the financial education sector:

Asia’s Best All-around Course Offering Award: Leading financial information website Investopedia praised Forex Mentor’s One Core Program as the best extensive forex training available. This distinction highlights the program’s breadth and depth, which makes it a great option for anyone getting ready for Glow Node’s assessment.

Best Forex Trading Course for Beginners: The One Core Program was named the best forex trading course for beginners by Benzinga, a reliable source of financial, economic, and stock information. This recognition demonstrates that the program is appropriate for traders of all skill levels, from novices to experts, and that it provides the knowledge and abilities needed to overcome the Glow Node challenge.

Best Forex Mentor: Asia Forex Mentor was recognized as the top forex mentor in 2021 by the BestOnlineForexBroker website, underscoring its capacity to assist traders in realizing substantial profits from the foreign exchange market. This recognition strengthens the validity and efficacy of the mentorship.

Top-Ranked Forex Trading Course: Asia Forex Mentor distinguished itself for its outstanding trading methods and techniques in a thorough evaluation of the best forex trading courses. Its standing as a premier teaching resource is further enhanced by this recognition among the best FX traders and platforms.

All of these honors show how Asia Forex Mentor can provide traders with the information and abilities they need to successfully traverse and pass Glow Node’s evaluation procedure. For traders who are taking on the Glow Node challenge, the One Core Program in particular is a highly recommended resource since it keeps on exceeding expectations for both novice and expert traders.

Asia Forex Mentor Members’ Testimonials

Members of Asia Forex Mentor’s One Core Program, run by Ezekiel Chew, have given it excellent marks for efficacy in teaching forex trading. Testimonials highlight Ezekiel’s talent for simplifying complicated ideas and show how the training can turn novice traders into skilled traders.

Because of the course’s thorough approach to teaching forex trading, members frequently suggest it and attribute their success in prop firm reviews to it.

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

Conclusion: Glow Node Review

In conclusion, Glow Node distinguishes itself as a prop trading company with its variety of account options, extensive scaling program, and exciting trading challenges and bonuses, according to the team of trading specialists at Dumb Little Man. Its organized withdrawal choices, dedication to trader education, and community support are all big pluses.

Potential traders should be aware of certain constraints, though, since these could have an impact on their trading strategy. Some of these restrictions include the inability to use particular trading techniques and the stringency of the challenge procedure.

For those taking the Glow Node evaluation, enrolling in courses such as Asia Forex Mentor can significantly increase success rates. Its ability to sharpen forex trading abilities enhances Glow Node’s requirements and offers a reliable preparatory approach.

>> Also Read: Take Profit Trader Review with Rankings 2024 By Dumb Little Man

Glow Node Review FAQs

What types of trading accounts does Glow Node offer?

Glow Node offers a range of trading accounts, each tailored to accommodate a distinct trading approach and trading style. They provide alternatives for both novice and seasoned traders, so there’s a platform that works for everyone.

How does Glow Node’s phase evaluation work for new traders?

An evaluation of a trader’s performance during a minimum trading period is part of the phase evaluation process at this prop firm. It is intended to assess their capacity to adhere to particular trading styles and tactics while meeting a predetermined profit target.

Can traders employ any trading strategy with Glow Node?

There are several limitations even if Glow Node, as a prop business, allows a variety of trading tactics. During their phase review, traders should be aware of these restrictions and make sure their trading philosophy is compliant with the firm’s policies.