Clarity Traders poses as a proprietary trading firm supported by Tradelocker and Platform5, offering Challenge and Instant Funded accounts for traders worldwide. The firm claims to be registered as Clarity Traders LLC in Dover City, Delaware, USA, and promotes features such as profit sharing, weekend trading, and additional add-ons. However, questions remain about its legitimacy.
In this Clarity Traders review, we highlight several red flags, including a questionable regulatory status, negative feedback from Reddit users, and potentially misleading Trustpilot reviews. While the firm presents itself as a reliable prop trading platform, our review examines these warning signs to help traders make an informed decision before depositing funds.
- Clarity Traders Login and Sign Up URL: https://www.claritytraders.com.
- Email: support@claritytraders.com.
- Telephone Number: +99852 255- 2546.
- Trading Software: Tradelocker and Platform5.
Clarity Traders comes with two main account types;
Challenge accounts and Instant Funded accounts. For challenge accounts, you need to pass a challenge to get funded. Instant funded accounts, on the other hand, don’t require passing a challenge. However, there are rules that you still need to follow to be able to request a payout.
Clarity Traders Challenge Accounts
1. Accelerated
- $5k — Price: $63
- $10k — Price: $125
- $25k — Price: $189
- $50k — Price: $372
- $100k — Price: $626
- $200k — Price: $1209
- $300k — Price: $1782
- $500k — Price: $2817
2. 1-Step
- $5k — Price: $59
- $10k — Price: $117
- $25k — Price: $177
- $50k — Price: $349
- $100k — Price: $687
- $200k — Price: $1133
- $300k — Price: $1671
- $500k — Price: $2639
3. Traditional
- $5k — Price: $50
- $10k — Price: $99
- $25k — Price: $149
- $50k — Price: $292
- $100k — Price: $492
- $200k — Price: $949
- $300k — Price: $1399
- $500k — Price: $2214
These accounts come with additional add-ons at an extra cost, such as;
- Express payouts
- Double leverage
- 100% profit share
- Trade on weekends
- EA’s allowed
- Refund guarantee
Challenge Conditions
The Accelerated Challenge and the Traditional Challenge begin with two evaluation phases before moving to a live funded account.
In Phase 1, traders must reach a profit target of 8% while keeping daily losses under 5% and total losses under 8%. The challenge duration is unlimited, but traders must complete at least 5 trading days.
In Phase 2, the profit target is reduced to 5%. The daily loss limit remains at 5%, and the maximum overall loss is still 8%. Like Phase 1, there is no time limit, and traders must trade for at least 5 days.
Once both phases are passed, traders move to the Live Account. Here, the daily loss limit is 5%, and the maximum loss allowed increases slightly to 10%. There is no profit target, and traders can continue trading with a profit share of 90/10 in their favor.
Other important conditions include: leverage set at 1:100 across all phases, the ability to trade on weekends, and refundable fees once the challenge is successfully completed.
Clarity Traders 1-Step challenge
This challenge has slightly different rules. For instance, traders must achieve a profit target of 10% while keeping daily losses below 4% and total losses under 6%. While there is no time limit, traders must complete at least 2 trading days.
Leverage is set at 1:30, and trading on weekends is allowed.
Once Phase 1 is successfully completed, traders move to the Live Account.
Here, the daily loss limit remains at 4%, and the maximum overall loss is 6%. There is no profit target, but traders must still trade for at least 2 days.
Leverage stays at 1:30, and weekend trading continues to be permitted.
Fees are supposedly refundable upon successful completion of the challenge. Traders on the live account apparently enjoy a 90/10 profit split.
To learn more about these add-ons and challenge conditions, go to the product page.
Clarity Trades Instant Funded Accounts
With these accounts, you get funded directly, as you don’t need to pass the challenge.
Instant Funded Account Amounts
- $5k — Price: $83
- $10k — Price: $120
- $25k — Price: $240
- $50k — Price: $361
- $100k — Price: $689
- $200k — Price: $1310
Similar to challenge accounts, Instant Funded accounts come with additional add-ons at an extra cost, such as;
- 100% profit share
- EA’s allowed
- Refund Guarantee
Clarity Traders Instant Funded Accounts Rules
- Trading is done with a leverage of 1:10.
- The daily loss limit is set at 100% of the current balance, meaning traders must avoid losing their entire account in a single day.
- The maximum overall loss allowed is 5% of the funded amount.
- To get started, a one-time registration fee is required, ranging from 0.7% to 1.7% of the funded amount. The larger the funded amount, the lower the fee.
For more rules, including payout rules, go to the platform’s terms and conditions page.
Once registered, traders can operate under these rules with the goal of managing risk effectively while growing their account.
Is Clarity Traders legit?
To answer this question, we’ll consider the following factors;
1. Regulatory status
When I inquired about the company’s regulatory status through its Live Chat assistant, I was told that the company is regulated. When I further asked to see proof, the assistant could not handle my request. Instead, she said that she needed to escalate the inquiry to the relevant team for further review.
That was the first red flag for me. What was so difficult about providing proof that she needed to escalate my inquiry to another team?
Regulated or trusted prop firms often display their regulatory details for everyone to see, and it shouldn’t be so hard to find those details, especially for an employee of the company.
It’s highly likely that this representative lied to me by claiming that the company is regulated when, in reality, it is not. As you may already know, dishonesty is a serious violation of trust and transparency standards when it comes to financial services providers.
Further, ClarityTraders claims, on its terms and conditions page, to be registered in Delaware. I’m not sure if it’s a coincidence or something else, but many questionable financial entities claim to be registered in this state.
Delaware offers minimal disclosure requirements, making incorporation relatively easy. Companies can be registered within hours, often without requiring detailed disclosure of owners or operations
2. Reddit Feedback
During a review of public discussions about ClarityTraders on Reddit, I identified a post in which a user questioned the reliability of the entity. The user stated that they had tried using the platform and reported a negative experience. They also noted the presence of numerous unfavorable reviews online and requested recommendations for more reliable proprietary trading firms.
In the ensuing discussion, commenters recommended alternative prop firms, including FTMO and The 5%ers. Notably, no commenters came forward to defend or endorse Clarity Traders. This lack of user support suggests that the firm is not widely vouched for within the Reddit trading community.
Overall, it implies that Clarity Traders lacks credibility among Reddit users. They do not trust or advocate for it. These are critical indicators of untrustworthiness.
3. Trustpilot Feedback About Clarity Traders
Clarity Traders Trustpilot reviews show an overall trust score of 4.1 out of 5 based on 155 reviews. What’s more, 68% of users give this supposed proprietary trading firm 5 stars.
In normal circumstances, this would be considered a trustworthy entity.
However, I had doubts about this overall feedback, taking the contrary feedback I observed on Reddit into consideration.
Upon further scrutiny, I noticed several peculiarities;
- First, the 5-star ratings displayed on the first page were all submitted recently.
- Secondly, most of the ratings were submitted by users who have never left feedback on Trustpilot for any other product or service. The few who have done so mostly left 5-star reviews as well. This raises the question: could the top ratings be biased?
As I explained in my review of Exness, a questionable broker, Trustpilot reviews may not always reflect the true customer experience and can mislead new traders.
You should always take these reviews with a grain of salt, especially when they contradict other trust signals.
As a matter of fact, scamreader.info often receives unsolicited offers from individuals and entities claiming they can help place positive ratings and feedback on Trustpilot. This indicates that there are companies that specialize in artificially enhancing business reputation on Trustpilot, regardless of a business’s true nature.
What About Discord?
At this time, there isn’t solid, widespread evidence from the Clarity Traders Discord community specifically about this prop firm’s reputation. Most public discussions and reports come from Reddit and review platforms, not official Discord threads. There are no well-known or widely cited Discord threads solely focused on this entity that provide clear community sentiment.
Final Verdict
Clarity Traders presents itself as a global proprietary trading firm, offering Challenge and Instant Funded accounts with features such as profit sharing, weekend trading, and additional add-ons.
While the platform provides various account types and attractive conditions, several red flags warrant attention.
For example, its regulatory status is unclear, as the company could not provide verifiable proof to us.
Furthermore, public feedback is mixed: Reddit users report negative experiences while Trustpilot reviews show unusually high recent ratings.
At the same time, there is limited discussion about this so-called prop firm in the Clarity Traders Discord community.
Traders should carefully consider these factors when evaluating the prop Clarity Traders platform.
FAQs
1. Who is the owner of Clarity Traders?
Answer: Clarity Traders is reportedly operated by Clarity Traders LLC, registered in Dover City, Delaware, USA. Specific information about the company’s directors or ultimate owners is not publicly disclosed.
2. What is the 30% rule for Clarity Traders?
Answer: The 30% rule limits traders to a maximum loss of 30% of their account balance in certain account types. Exact details should be confirmed in the platform’s terms and conditions page.
3. What are the supported payment methods?
Answer: Credit card and cryptocurrency.
4. What trading software does ClarityTraders support?
Answer: Tradelocker and Platform 5.
5. How do I get a Clarity Traders coupon code?
Answer: The company does not seem to offer coupon code discounts at the moment.
6. Does Clarity Traders accept US-based traders?
Answer: They apparently accept all countries.
7. How do I report a complaint about Clarity Traders?
Answer: Go to our complaints page, and file a complaint.