Glow Node prop firm was established in 2022 as a prop trading firm and trading tool provider company. The firm has developed its first TradingView indicator in 2022. There are no other details shared about the firm except the registration address, which is Paul Street, London. So, the firm is UK-based.
In our Glow Node review, we are going to dissect the firm’s important features and define whether you can trust this prop company or should stay away from it.
Pros & cons of Glow Node prop firm
Pros
- Diverse funded accounts
- Allows diverse types of trading styles such as hedging, EAs, news trading
- Low transparency regarding partner brokers, platforms, etc.
- Very strict daily and maximum risk rules
- Charges commissions for Forex trading without disclosing spreads
Cons
- Low total loss limit of 4%
- Very low safety score
Safety of Glow Node — 0
Glow Node reviews are lacking on the FPA platform (ForexPeaceArmy) which is never a good thing. However, the firm has a 4.2 score on Trustpilot, which is average for a prop firm. From 327 trader reviews, 76% of traders evaluate Glow Node as 5 stars, while 12% evaluate it as 1 star. While our method does not add points for having a good Trustpilot score, it is still a minor indication of the firm’s safety. The firm was established in 2022 giving it very shallow experience in the prop firm industry. As a result, it loses points in this aspect of safety as well. The last criterion for evaluation, Glow Node’s safety is if it’s partnered with a regulated broker to provide quality and transparent trading services. We were unable to find any information regarding the partner brokers of Glow Node, despite reading through the conditions and client agreements. The broker also does not provide the exact names of brokers in its FAQ section, which indicates that it does not have a regulated broker partner.
The firm gets a 0 score in this section for being super young, having no partner broker who is regulated, and having no reviews and feedback on the FPA.
Glow Node Funding and maximum capital allocation — 3
Glow Node funded programs are diverse, including 2-phase and 1-phase challenges. These Glow Node challenges consist of several types themselves. 2-phase challenges consist of beginner, standard, and glow. 1-phase challenges consist of standard and glow funded types.
Glow Node funding accounts offer funding between 10,000 USD and 200,000 USD. To be more exact, the range for all account types is the same:
- 10,000 USD
- 25,000 USD
- 50,000 USD
- 100,000 USD
- 200,000 USD
The Glow Node scaling plan requires traders to have at least 3 months of experience trading on real funded accounts. The maximum scaling ceiling is 1 million USD and traders have to follow several rules. Traders are eligible to receive 10% of payouts made over three months, the account balance must be above the initial funded balance, and the account balance can be increased by 30% of the initial funding amount. Profit sharing becomes 90% when the trader scales their account. The firm gets a 3 score in the funding section for not offering lower and higher ceilings for funding options.
Glow Node Assets — 2.5
Glow Node provides access to virtual funded accounts and offers speculating on limited asset classes including Forex, indices, and cryptos. The leverage is capped at 1:30 for FX pairs, 1:10 for indices, and 1:2 for cryptos. There are no other asset classes available at the moment, which is a drawback.
For offering solely FX, indices, and cryptos, the firm gets a 2.5 score in this section.
Glow Node Trading rules and limitations — 2.4
Glow Node rules:
- Daily loss limit (standard) — 4%
- Daily loss limit (Glow) — 3%
- Maximum drawdown (standard) — 8%
- Maximum drawdown (Glow) — 5%
- Hedging — allowed (not between different accounts)
- Copy trading — allowed (not from another account within the firm)
- News trading — allowed with less than 50% margin
- Weekend trading — allowed
- Minimum trading days — none
- Consistency — match trading style on the evaluation phase and funded trading phase
- Using pass your challenge services — not allowed
- Stop loss — More than 25% of trades must be placed with a stop loss order
- Minimum trading duration — the position must be opened for at least 2 minutes
The firm gets a 2.4 score in this section for providing very strict risk limit rules of 3% for daily and 5% for maximum drawdown.
Glow Node Fees — 2.5
The commissions for FX trading are 2.5 USD per lot on each side, while it is unknown if there are high spreads. Since the firm is not disclosing the exact spreads for FX trading, we assume they could be expensive.
Glow Node free trial is not available at the moment and Glow Node free repeat is not also possible if the trader breaches risk rules.
Here is the list of fees for funding options on Glow 2-phase accounts:
10,000 USD — 40 USD
25,000 USD — 80 USD
50,000 USD — 140 USD
100,000 USD — 200 USD
200,000 USD — 400 USD
These fees are super competitive, but risk limits are super strict on the Glow account, making it difficult to pass the evaluation. The firm offers a 20% discount for the first purchase, making the fees even lower.
Glow Node gets a 2.5 score in this section.
Glow Node Platforms — 0
The Glow Node prop trading platform is unknown as the firm is shy to disclose any information, which is a major red flag. We assume it has a custom platform with limited functionality. The firm gets a 0 score in this section for not being transparent.
Glow Node Profit-Sharing — 1
Glow Node profit split is capped at 80% for all funded account types and all funding amounts. Traders have no opportunity to increase this profit split percentage via paid add-ons, either. However, the profit split of 80% is a decent offering in the prop trading industry, allowing traders to get 80% of the profits made on a prop account. The confirmation of a payout takes around 7 working days, which is far longer than 1-2 business days. Payouts are possible every 14 days on a live account after the trader passes the evaluation phase.
For offering bad withdrawal processes and no 90% profit-sharing capability, Glow Node gets a 1 score in the profit-sharing section.
Education and trading tools at Glow Node — 0.5
There are no educational resources at Glow Node, which is another drawback of this prop firm. There is a FAQ section that has limited information about the firm. No webinars, trading courses, or even tutorials are provided for beginner prop traders. There are no trading tools or market research tools available either, making the prop firm a very beginner-unfriendly prop company. The FAQ section is not working properly and won’t redirect users to the FAQ section of the website unless you refresh the website. There is a trader dashboard, which is always a useful tool for prop traders to monitor their performance.
For offering poor educational and market research services, Glow Node gets a 0.5 score in the educational section.
Customer Support at Glow Node — 1.4
The customer support of Glow Node consists of email and live chat channels. However, the live chat is actually a bot which is a free tool available online and does not provide any AI capabilities. After contacting customer support via live chat, no one answered our requests. The firm redirects live chat inquiries to email support, and the team should answer via email. So, in the end, this live chat is not actually useful or any better than standard email support and could be even dangerous as it is a free tool anyone can use. The website is only available in the English language, and the same is the case for the support options. There is no hotline support, which is common for many small prop firms. The hotline is very important for defining the legitimacy of a prop firm, and Glow Node lacks in this department as well.
The firm gets a 1.4 for providing only email support.
Frequently Asked Questions
Is Glow Node a good prop firm?
