XL Trade - Firm Review
- 90% profit share – 100% on Instant | Prime initial payouts
- Account sizes from $10K to $1M, scaling up to $5M
- Weekly profit payouts on funded accounts
- MetaTrader 5 desktop and WebTrader, x500 leverage
- Operated by Chimara Ltd; Trustpilot 4.7/5
Company Overview
XL Trade is an innovative proprietary trading firm that offers traders the opportunity to access significant capital without risking their own funds. Founded with the mission to empower both novice and seasoned traders, XL Trade provides a structured pathway to becoming a funded trader through its evaluation process. The company stands out for its competitive challenge parameters, transparent rules, and generous profit splits.
What distinguishes XL Trade from competitors is its balance of achievable trading metrics with professional standards. Their two-phase evaluation process (Challenge and Verification) is designed to identify disciplined traders who can manage risk while generating consistent returns. With account sizes ranging from $10,000 to $200,000, XL Trade accommodates traders at various experience levels and offers scaling opportunities as traders demonstrate consistent performance. Their comprehensive dashboard and trader support resources make it an attractive option for those seeking a reliable prop firm partnership.
Key Features at a Glance
Programs & Pricing
- PRO – Scale-up program: $500K → $1.5M and $1M → $3M, with potential to reach $5M; 90% profit share, x500 leverage
- LITE – One-Step Funding: $25K, $50K, $100K, $200K accounts; 90% profit share, x500 leverage, scaling up to $3M with 25% top-up every three months
- INSTANT – Instant Funding: $10K, $20K, $50K, $100K accounts; immediate access to a funded account, x500 leverage
- INSTANT | PRIME – Instant funding with 100% profits, x20 top-up, no setup fee, x500 leverage; $20K, $50K, $100K accounts
- Setup fees vary by program and account size – current pricing on xltrade.net
Account Types
- PRO: Scale-up program targeting larger capital ($500K and $1M starting tiers, scaling toward $5M)
- LITE: One-step evaluation accounts ($25K, $50K, $100K, $200K) with a 10% profit target
- INSTANT: Immediate funded accounts with no evaluation phase ($10K, $20K, $50K, $100K)
- INSTANT | PRIME: Instant funding with 100% initial profits, x20 top-up, no setup fee ($20K, $50K, $100K)
Profit Split Options
- Standard Profit Split: 90% for traders on funded accounts (PRO, LITE, INSTANT)
- Instant | Prime: 100% profit share on initial payouts
- Scaling: Account size can grow over time on PRO (up to $5M) and LITE (up to $3M with 25% top-up every three months)
- Weekly Payouts: Profit withdrawals processed weekly on funded accounts
Account Sizes
- $10,000: Entry tier on the INSTANT program
- $20,000: Available on INSTANT and INSTANT | PRIME
- $25,000 to $200,000: LITE one-step evaluation tiers
- $500,000 and $1,000,000: PRO scale-up starting tiers
- Up to $5,000,000: Maximum scaled allocation across PRO accounts
Trading Platforms
- MetaTrader 5 (MT5): Advanced platform with enhanced features including depth of market and advanced order types
- MT5 WebTrader: Browser-based version of MetaTrader 5 with full charting and trading functionality, no installation required
- Mobile Trading: Dedicated apps for iOS and Android devices for trading on the go
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Access to gold, silver, oil, natural gas, and other popular commodities
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other altcoins
- Stocks: Selected equities from US and international markets
Trading Rules & Risk Limits
XL Trade applies a 5% weekly drawdown and 15% maximum total account drawdown across evaluation and funded accounts (per xltrade.net). Profit payouts on funded accounts are processed weekly, with a 90% profit share (100% on Instant | Prime initial payouts) and up to x500 leverage.
The LITE one-step evaluation requires a 10% profit target to pass. INSTANT and INSTANT | PRIME accounts skip the evaluation phase entirely and provide immediate access to a funded account. PRO accounts are scale-up programs intended for larger capital allocations (up to $5M).
XL Trade permits news trading, overnight positions, and weekend exposure, with no strategy restrictions. Specific rules per account size and program should be confirmed on xltrade.net before purchase.
Trading Rules and Requirements
- News trading is allowed (per xltrade.net)
- Overnight and weekend positions are permitted
- No strategy restrictions – manual, algorithmic, scalping, swing, and position trading all allowed
- 5% weekly drawdown and 15% maximum total account drawdown apply across evaluation and funded accounts
- No profit caps on funded accounts
- Specific instrument restrictions, minimum-trading-day requirements (where applicable), and account-level rules should be confirmed on xltrade.net before purchase
Company Information
- Founded: 2014 (per third-party sources)
- Location: London, United Kingdom
- Operating Entity: Chimara Ltd (UK-registered); XL Trade is not financial-services regulated
- Customer Support: 24/5 via live chat, email, and ticket system
- Languages Supported: English, Spanish, Portuguese, German, French
- Trading Hours: According to market hours of each instrument
Payout Methods
- Bank Wire Transfer (2-5 business days)
- Bitcoin and major cryptocurrencies (24-48 hours)
Trading Commissions
XL Trade does not publicly publish per-instrument commission rates or spread schedules. The firm markets “lowest spreads” on MetaTrader 5; current pricing is disclosed after account setup or via the trader area on xltrade.net.
IP Rules
- Multiple accounts under the same IP address must be disclosed in advance
- VPN usage is allowed but must be declared before trading
- Location changes must be communicated to support team in advance
- Sharing accounts with other traders is strictly prohibited
- Account access from multiple locations simultaneously will trigger security protocols
Unique Features
Trading Flexibility
- News trading allowed (per xltrade.net)
- Weekend holding positions permitted on certain instruments
- No minimum trading days requirement after achieving funded status
- Multiple trading styles supported including day trading, swing trading, and position trading
Why Choose XL Trade?
XL Trade stands out in the competitive prop firm landscape by offering a balanced approach to trader evaluation with realistic profit targets and risk parameters. Their commitment to trader success is evident through their comprehensive support system and educational resources.
Key advantages include:
- High profit split (up to 90%) for consistent performers
- Generous scaling program – capital up to $5,000,000 on PRO accounts
- Multiple account types catering to different trading styles
- Weekly payouts with multiple withdrawal methods
- Professional-grade trading infrastructure with low latency execution
- Transparent rules and consistent support throughout the evaluation process
Frequently Asked Questions
How long does it take to get funded?
Can I hold positions over the weekend?
What happens if I break a rule?
Can I trade news events?
How often can I withdraw profits?
XL Trade – Account Pricing (USD)
| Account Size | LITE (1-Step) | Instant |
|---|---|---|
| $10,000 | — | $490 |
| $20,000 | — | $750 |
| $25,000 | $150 | — |
| $50,000 | $320 | $1,490 |
| $100,000 | $790 | $2,795 |
| $200,000 | $1,350 | — |
Set-up fees, list price (USD). PRO scale-up: $500K→$1.5M = $1,665 (code Success500 → $999); $1M→$3M = $3,168 (code Success1M → $1,900). INSTANT | PRIME: no set-up fee. All accounts 90% profit share, x500 leverage.
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