Glow Node is a well-known prop trading firm from the United Kingdom.
But is Glow Node a scam?
No, it isn’t!
Our review and experience show that Glow Node is a safe proprietary trading firm.
You can share your experiences with Glow Node within our comment section.
Table of Contents
Key Takeaways
- Glow Node is trustworthy and works with thousands of traders. It is highly rated, follows data protection rules, and is transparent about its policies
- The firm offers various trading programs, such as one-phase and two-phase challenges and instant-funded accounts. The profit split is 80%, which can go up to 90%. If you do well, you can grow your account up to $1 million
- Our review of Glow Node covers everything – how to start, what you can trade, how to get paid, and how they help customers. It also looks at its pros and cons and compares it to other prop trading companies
About Glow Node
Glow Node is considered a top prop trading firm within the prop trading industry despite starting in April 2022. It was founded by two CEOs, Sam Bradbury and Ryan Beasley. Sam has been in finance for over 8 years and worked with prop firms since 2018. Ryan is a developer, trader, and entrepreneur who’s built apps and websites.
| Name | Glow Node |
|---|---|
| Website | www.glow-node.com |
| Company | Glow Node Ltd. |
| Address | 89-90 Paul St, London EC2A 4NE, United Kingdom |
| CEO | Sam Bradbury, Ryan Beasley |
| Founder | Sam Bradbury, Ryan Beasley |
| Founded | 2022 |
| Contact | Live Chat, Mail |
| [email protected] | |
| Phone Number | not available |
| Starting Capital | $5,000 to $100,000 |
| Profit Share | 80% |
| Evaluation | 0 days |
| Fee | $29 to $4,500 |
| Payment Methods | Credit Card, Crypto |
| Instruments | Forex, CFDs |
| Platform | Match Trader |
| Withdrawals | twice per month |
| Languages | English |
The company is based in London but works with traders worldwide. They offer traders access to up to $1,000,000 for trading. Glow Node has been well-received by users, with a high rating on Trustpilot and extremely positive responses on social media platforms.
Safety and Regulation
The company is based in the U.K. It is not regulated as a financial institution, but it doesn’t need to be because it doesn’t offer brokerage services directly.
Glow Node has specific trading rules to keep things fair and encourage responsible trading. These include limits on daily losses, overall losses, profit targets, and trading hours. All users need to follow these rules.
Their Privacy Policy describes how they handle user information like how they collect, store, use, and share it. They follow privacy laws like GDPR and the E-Privacy Directive to protect user data.
Accepted Countries
They don’t accept certain countries, such as Pakistan and Vietnam, due to sanctions and regulations. However, unlike other prop firms, they haven’t suspended registrations from U.S. residents. Here’s the current situation for some key countries:
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: No, registration isn’t possible
- Ireland: Yes, registration is possible
- Kenya: Yes, registration is possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: No, registration isn’t possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: Yes, registration is possible
Evaluation Process
Glow Node’s wide range of trading programs appeal to traders of all skill levels. We’ve explained the details of these programs here so you can make an informed decision.
1 Phase
The 1 phase evaluation program at Glow Node simplifies the trading challenge by having just one stage. All account sizes, from $5,000 to $100,000, have a 10% profit target in Phase 1, with no Phase 2. The main difference between the Glow and Standard versions is in the drawdown limits. The Glow program has strict limits, with a 5% max drawdown and 3% daily drawdown. The Standard program is more lenient, with an 8% max drawdown and 4% daily drawdown.
Both versions share the same 10% profit target, bi-weekly payout period, and 80% profit split. The Standard version is pricier than the Glow, likely due to its more relaxed drawdown limits. This setup allows traders to choose between a more lenient but expensive option (Standard) or a stricter but more affordable one (Glow).
This are the 1 Phase Standard options:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | $500 | $1,000 | $2,500 | $5,000 | $10,000 |
| Maximum Daily Loss | $200 | $400 | $1,000 | $2,000 | $4,000 |
| Maximum Loss | $400 | $800 | $2,000 | $4,000 | $8,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee | $69 | $149 | $299 | $399 | $599 |
| Discount | Check now | Check now | Check now | Check now | Check now |
This are the 1 Phase Glow options:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | $500 | $1,000 | $2,500 | $5,000 | $10,000 |
| Maximum Daily Loss | $150 | $300 | $750 | $1,500 | $3,000 |
| Maximum Loss | $250 | $500 | $1,250 | $2,500 | $5,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee | $49 | $99 | $199 | $299 | $479 |
| Discount | Check now | Check now | Check now | Check now | Check now |
2 Phase
The 2 phase evaluation program at Glow Node offers traders accounts ranging from $5,000 to $100,000. For all account sizes, there’s an 8% profit target in Phase 1 and a 4% target in Phase 2. The main differences between Standard, Glow, and Beginner programs are in the drawdown limits and pricing.
The Standard program has an 8% max and 4% daily drawdown. The Beginner program is more lenient, with a 10% max drawdown and 5% daily drawdown, but it’s pricier. The Glow program has reduced drawdown limits but is cheaper. All programs share the same bi-weekly payout period and 80% profit split. These variations allow traders to choose a program that fits their experience level and risk tolerance.
This are the 2 Phase Beginner options:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | $400 | $800 | $2,000 | $4,000 | $8,000 |
| Maximum Daily Loss | $250 | $500 | $1,250 | $2,500 | $5,000 |
| Maximum Loss | $500 | $1,000 | $2,500 | $5,000 | $10,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee | $49 | $109 | $209 | $369 | $549 |
| Discount | Check now | Check now | Check now | Check now | Check now |
This are the 2 Phase Standard options:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | $400 | $800 | $2,000 | $4,000 | $8,000 |
| Maximum Daily Loss | $200 | $400 | $1,000 | $2,000 | $4,000 |
| Maximum Loss | $400 | $800 | $2,000 | $4,000 | $8,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee | $39 | $89 | $159 | $269 | $399 |
| Discount | Check now | Check now | Check now | Check now | Check now |
This are the 2 Phase Glow options:
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | $400 | $800 | $2,000 | $4,000 | $8,000 |
| Maximum Daily Loss | $150 | $300 | $750 | $1,500 | $3,000 |
| Maximum Loss | $250 | $500 | $1,250 | $2,500 | $5,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee | $29 | $49 | $99 | $159 | $249 |
| Discount | Check now | Check now | Check now | Check now | Check now |
Instant
The Instant funding account allows you to skip the Glow Node’s evaluation process and get funded immediately. However, KYC verification and contract signing are required before you get your login details. You have a 5% daily drawdown limit in the Live account and a 5% absolute drawdown limit. These limits adjust as your account grows.
For example, with a $100,000 account, you can risk up to $5,000 daily, and your overall drawdown limit is $95,000. If you profit, your drawdown limit increases proportionally. This setup gives you the freedom to trade while maintaining risk management measures.
| Starting Capital | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Profit Target | – | – | – | – | – |
| Maximum Daily Loss | $250 | $500 | $1,250 | $2,500 | $5,000 |
| Maximum Loss | $250 | $500 | $1,250 | $2,500 | $5,000 |
| Minimum Trading Days | 0 | 0 | 0 | 0 | 0 |
| Fee | $225 | $450 | $1,125 | $2,250 | $4,500 |
| Discount | Check now | Check now | Check now | Check now | Check now |
Scaling
Glow node requires a minimum trading period of 3 months before you can scale your account. During this time, you can receive 10% of any payouts made.
To qualify for account scaling, your balance must be higher than your initial balance at the end of this period. You can increase your account by 30% of the initial balance if you meet this requirement. After scaling, the profit split changes in your favor to 90:10. You can repeat this scaling process multiple times, potentially growing your account up to a maximum of $1,000,000.
Challenge Trading Rules
There are some rules that traders must follow. Learn about them here:
- Profit Target
- Profit Split
- Trading Period
- Minimum Trading Days
- Maximum Daily Loss
- Maximum Loss
- Maximum Position Size
- Maximum Capital Allocation and Multiple Accounts
- Trading Types
- Leverage
- Trading Style
- Trading Hours
- News Trading
- Weekend and Overnight Trading
- Expert Advisor
- Copy Trading
Profit Target
Glow node offers three main programs with different profit target structures. The One-Phase program has a straightforward 10% profit target for all account sizes. To succeed, you only need to meet this single target.
The Two-Phase program is more complex. It requires an 8% profit target in Phase 1 and a 4% target in Phase 2. This approach allows traders to show consistency over two stages.
The Instant Funding program doesn’t have specific profit targets.
Profit Split
Glow Node provides a consistent profit split across all their trading programs. The profit split is set at 80% for the trader and 20% for the company.
This split applies to all account sizes, from $5,000 to $100,000.
Trading Period
There’s no maximum trading period for Glow Node traders. This means you can take as long as you need to complete challenges for funded accounts.
Minimum Trading Days
There’s no minimum trading days requirement for any of the programs.
Maximum Daily Loss
In the One-Phase program, the Glow version has a 3% daily drawdown limit, while the Standard version has a 4% limit. For the Two-Phase program, the Standard and Glow options maintain a 4% daily drawdown limit, but the Beginner version is more lenient with a 5% limit.
The Instant Funding program sets a 5% daily drawdown limit for all account sizes. This daily drawdown is calculated based on the account’s starting balance each day. For example, with a $100,000 account and a 4% daily drawdown limit, you can’t lose more than $4,000 in a single trading day.
Maximum Loss
In the One-Phase program, the Glow version has a 5% maximum drawdown limit, while the Standard version allows for an 8% maximum drawdown. The Two-Phase program offers more variety.
The Standard and Beginner options have 8% and 10% max drawdown, respectively, while the Glow version is more rigid with a 10% limit. The Instant Funding program maintains a strict 5% max drawdown for all account sizes.
These limits are based on the initial account balance. For instance, with a $100,000 account and a 5% max drawdown, your account can’t drop below $95,000 at any point. If it does, your account may be suspended or closed.
Maximum Position Size
There are no lot size restrictions, and you can use whatever your margin allows.
Maximum Capital Allocation and Multiple Accounts
You can have up to three active accounts at the same time, with a total starting balance cap of $300,000 across all accounts. You have the option to merge live accounts immediately.
When accounts are merged, the drawdown limit remains the same as it was for each individual account before merging.
Merged accounts are eligible for scaling after a 3-month period, but only if you’ve earned at least 10% of the new balance. You can scale your account up to $1,000,000.
Trading Types
You can trade with different assets such as forex, stocks, commodities, and cryptocurrencies.
Leverage
During our trial, we found that, for forex pairs, you can trade with a leverage of 1:30. That means you can control a position 30 times larger than your invested capital. Indices come with a more moderate leverage of 1:10. Cryptocurrencies have the lowest leverage at 1:2.
Trading Style
This trading platform prohibits the following trading styles:
- High-frequency trading and high-volume scalping.
- Arbitrage strategies exploiting latency.
- Martingale and grid trading, except for adding to an existing position up to 3 times. You can’t have more than 4 positions simultaneously open on the same pair.
- Hedging across multiple accounts and reverse trading, including with other prop trading firms
- Copy trading across multiple Glow Node accounts.
- All-or-nothing trading strategies that risk the entire account in one trade are prohibited.
- Any trading style deemed too risky by the platform will require a retake.
Also, a 2% floating drawdown warning system is in place. If your account drops more than 2% from the starting balance, you’ll receive a warning, and trades will be closed. After two warnings, your profit split reduces to 50%. A fourth occurrence breaches your account. This system aims to help traders adjust their strategies without immediate account breaches.
Trading Hours
Trading hours are flexible, starting at 17:00 EST and ending at 16:59 EST the next day. You can trade anytime, including overnight and weekends, with no restrictions.
News Trading
Trading during news events is allowed on this platform, but there are important rules to follow. You can’t use more than 50% of your available margin when a news event happens. Your trades might be reset if you make unusually large profits from sudden price changes during news events.
This is to encourage more consistent trading patterns. Using more than 50% of your margin in an open trade is considered too risky and could lead to your account being closed after a review.
It’s important to understand that news events can cause major market changes. This can lead to slippage (orders are being executed at prices different than expected) and delays in updating your account balance.
Weekend and Overnight Trading
We learned while using the platform that the prop firm allows you to keep positions open over the weekend. That can be great but also risky. When markets reopen, there might be significant price gaps or volatility due to weekend news or events. That can affect your open trades. Also, this platform offers cryptocurrency trading, which operates 24 hours a day, 7 days a week.
Expert Advisor
The platform allows you to use Expert Advisors (E.A.s). However, if there’s suspicion of cheating or unfair practices, the platform can ask to review the source code of any E.A.
Copy Trading
This trading platform allows you to copy trades from external sources but strictly prohibits copying trades from other accounts within the same firm.
This is considered collusion and will lead to account termination. Copy trading is defined as opening the same trade in the same direction across multiple accounts. For example, if you buy XAUUSD on one account, you can’t buy it on another account until the first trade is closed. However, the platform allows you to merge your funded accounts to increase your overall buying power.
Trading Platforms
Glow Trader uses Match Trader to provide users with a simple and straightforward interface. It provides basic features such as currency pairs, news, top movers, and a calendar. It’s great for those who like using a clean, no-frills trading environment.
Trading Instruments
Glow Node provides traders with various financial instruments such as forex, stocks, commodities, and cryptocurrencies.
Brokers
They have not yet disclosed the name of the broker they use, but trade experts believe that Glow Node works with a top-level financial broker to offer real trading conditions.
Other Products
From our own experience, apart from the trading programs, they don’t offer any other products.
Price And Challenge Fees
The price for the challenge depends on the program. Learn about different program prices here:
1 Phase Challenges:
| Account Size | Glow Price | Standard Price |
|---|---|---|
| $5,000 | $49 | $69 |
| $10,000 | $99 | $149 |
| $25,000 | $199 | $299 |
| $50,000 | $299 | $399 |
| $100,000 | $479 | $599 |
2 Phase Challenges:
| Account Size | Glow Price | Beginner Price | Standard Price |
|---|---|---|---|
| $5,000 | $29 | $49 | $39 |
| $10,000 | $49 | $109 | $89 |
| $25,000 | $99 | $209 | $159 |
| $50,000 | $159 | $369 | $269 |
| $100,000 | $249 | $549 | $399 |
Instant Accounts:
| Account Size | Price |
|---|---|
| $5,000 | $225 |
| $10,000 | $450 |
| $25,000 | $1125 |
| $50,000 | $2250 |
| $100,000 | $4500 |
You can get refunded your initial fee. After your third payout, you can get back the money you paid to start. This works if you bought your account after May 16th. But it doesn’t apply to instant funded accounts.
Payment Methods and Payout System
The prop firm accepts Credit/debit cards and Cryptocurrencies for deposit payment.
You can request your first payout 14 days after starting your live account, with no minimum amount required. There’s a 14-day waiting period between payout requests.
You must follow all account rules to be eligible for payouts. Before requesting a payout, close all trades, and don’t open new ones until the request is confirmed. You can request payouts through your dashboard at any time, with confirmation usually taking up to 7 days.
Payouts are processed through RiseWorks.io. You’ll need to create and verify an account there. When you request a payout, you’ll be invited to join their team for payment transfer. RiseWorks.io offers various withdrawal methods. The entire payout process may take up to 30 days to complete.
Registration and KYC
Here’s the step-by-step process for you to sign up for the platform:
- Go to Glow Node’s official website
- Pick the type of trading challenge you want and how big an account you’d like.
- Fill up all the info and make the payment
- Once you’ve bought a challenge, you’ll need to complete a KYC
- After you submit your KYC info, Glow Node’s system will check to make sure you are who you say you are. This happens automatically but might take a bit.
- After your KYC is verified, you’ll need to sign Glow Node’s funded contract.
- Once you’ve done the KYC and signed the contract, Glow Node will give you the login info for your trading account.
Discount and Promo Code
Glow Node is offering a 20% discount right now on their website.
Free Trial and Demo Account
There is no free trial or demo account available. You must purchase one of their programs to get started.
Mobile App
Glow Node doesn’t have a mobile app yet, but you can use its web interface from a mobile browser.
Customer Service and Support
Glow Node offers good customer service and fast responses.
You can reach them through email, the community discord channel, or the live chat available on the website. It takes a couple of minutes to speak with one of their agents.
Taxes
Glow Node has clarified that customers are responsible for paying any applicable taxes related to their trading activities and use of the service. They also don’t offer any tax-related advice or services. So, you have to figure your taxes on your own. Learn more in our dedicated guide about “Prop Trading Taxes“.
Alternatives and Competitors of Glow Node
If you believe Glow Node isn’t the right fit for you, you can check out these top alternatives:
City Traders Imperium
The prop firm City Traders Imperium offers traders three different entry paths: No Evaluation, 1-step, and 2-step evaluation processes. Traders can earn up to 100% profit share on their funded accounts. Also, successful prop traders have the opportunity to receive a monthly fixed salary of up to $500.
OneUp Trader
OneUp Trader offers a streamlined, one-step evaluation process, making it easy to access funded accounts. Traders receive 100% of the first $10,000 in profits, followed by a 90:10 profit split. It also offers a wide range of trading platforms, including popular choices like NinjaTrader, R | Trader, and R | Trader Pro.
The5ers
The5ers has been operating since 2016. It offers traders the chance to earn between 50% and 100% of their profits, with no restrictions on trading style or assets. The company has different programs to suit various skill levels, from a Boot Camp for beginners to High Stakes for experienced traders.
Conclusion
Glow Node can give you a shot at trading with big money, up to $1 million! The trading rules are also flexible; you can trade news, keep positions over weekends, and even use your favorite trading bots. No need to trade every single day either.
Plus, you get to keep 80% of your profits, which can go up to 90% if you do well. They pay out every two weeks, and you can withdraw whatever you want. Tons of traders love them – just check out their reviews. So, why not give it a look? Head to their website and sign up today!
Frequently Asked Questions
Here, we’ve answered the most frequently asked questions about the Glow Node.
Is Glow Node legit or a scam?
Glow Node is a reputable and legitimate firm. Thousands of traders use the platform and have only good things to say. Our experience with the firm has been positive as well. Learn more about this in the “Safety and Regulation” section.
Is Glow Node regulated?
Glow Node is not regulated because it doesn’t offer brokerage services. Learn more about this in our “Safety and Regulation” section.
What is Glow Node?
Glow Node is a proprietary trading firm that offers different trading programs to suit traders’ skill levels. Learn more about this in the “About Glow Node” section.
What broker does Glow Node use?
Glow Node has not disclosed the broker‘s name. Find out more about this in the “Brokers” section.
How many Glow Node accounts can I have?
You can have 3 Glow Node accounts at the same time. Learn more about this in the “Challenge Trading Rules” section.
Where is Glow Node located?
Glow Node is headquartered in London, United Kingdom. Find more about the company in the “About Glow Node” section.
Does Glow Node allow an expert advisor or copy trading?
Glow Node allows expert advisors and copy trading but with certain conditions. Learn more about this in the “Expert Advisor” and “Copy Trading” section.
Is Glow Node legal in the US?
Yes, Glow Node is legal in the US, and you can use its service there. Find more about this in the “Accepted Countries” section.
How long has Glow Node been around?
The prop company was founded in 2022. Learn in-depth about the company in the “About Glow Node” section.
How much does Glow Node cost?
The entry fee for the evaluation challenge ranges from $29 to $4,450. Find out more in the “Prices and Challenge Fees” section.
How often does Glow Node payout?
You can request a payout after 14 calendar days of trading. Explore more about this in the “Payment Methods and Payout System” section.
Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.
