Trade Amber prop firm is a young financial company offering traders funded accounts for trading. The firm only offers 2-step and 3-step challenges, and traders need to go through a lengthy process to finally get funded and start trading for profits. Because of this very lengthy process for both of the funded accounts, Trade Amber is not for traders who need quick access to trading capital. The firm is more suitable for traders who have plenty of time and want to play with their trading activities and do not take trading seriously. The funding options range from 5k to 200k US dollars on 2-step, and from 20k to 100k on the 3-step accounts.
In our Trade Amber review, we are going to analyze and assess the firm’s critical features in more detail, including safety, assets, rules, funding options, platforms, support, education, and more.
Pros & cons of Trade Amber prop firm
Pros
- Ability to withdraw with $0 fees
- Most payment options are free and instant
- Fast and digital account opening/verification
- Offers access to diverse markets including Forex, indices, commodities, shares, and cryptos
Cons
- Has a 3% daily risk limit, which is incredibly low
- Does not offer advanced trading platforms
- Lacks important safety features and is very young
- There is no 1-step evaluation accounts
- First profit can only be withdrawn after 30 days of trading
- All funded trading is done on a simulated trading accounts
Quick rating of Trade Amber and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | London, UK |
| Minimum audition fee | 34 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 3% |
| Profit target | 8% |
| Maximum trailing drawdown | 5% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | Custom web platform |
| Available trading markets | FX Majors, FX Cross-majors pairs, CFDs, Indices, Commodities, Shares and Cryptos |
Safety of Trade Amber — 0
Trade Amber reviews are lacking on both the FPA and Trustpilot. With only 7 reviews on Trustpilot, there is no way to define whether the firm is legit or not. We usually assess the firm’s safety by several factors such as its experience in the industry, trader feedback, and the presence of a regulated broker through which traders can trade using the firm’s capital. Trade Amber is super young, as it was launched in 2024, and claimed a Trustpilot account the same year. There are no sufficient trade reviews to define what the majority of traders experience when opting for the firm’s funded options, and the firm is not backed by any regulated broker. In fact, we tried to find out if Trade Amber was partnered with any brokers, and we could not get information. Therefore, we assume the firm acts as a broker when offering a simulated trading environment to its traders.
The firm gets a 0 score in this section for no safety policies and features.
Trade Amber Funding and maximum capital allocation — 3
Trade Amber funded programs consist of two funded account types, including the Fixed 2-step challenge, and the scaling 3-step challenge. The Fixed challenge comes with a range of 5k to 200k funding options, and the scaling one has a limited range between 20k and 100k.
Trade Amber funding options include 5k, 10k, 25k, 50k, 100k, and 200k for fixed, and 20k, 50k, and 100k options for scaling accounts. For the fixed accounts, traders have to go through 3 different stages of evaluation before they can trade on a funded account with a simulated trading environment. The scaling Trade Amber challenge requires traders to pass 2 different stages of evaluations with increasing virtual funding to reach the funded stage of the simulated trading account. As you would already guess, none of the funded accounts from Amber Funding are real accounts and all trading is done in a simulated environment where trading conditions are fully simulated based on real price data feed. The lack of possibility to access real markets with real funds is a huge drawback of the firm together with its lack of experience in the industry.
Trade Amber scaling plan is active for the scaling funded account, and traders can increase their default funding after reaching the profit target.
Overall, Amber Funding gets a 3 score in the funding section for offering 10k and 100k accounts but lacking 1k and a million funded options.
Trade Amber Assets — 4
Trade Amber prop trading firm allows traders to access diverse trading assets such as FX Majors, FX Cross-majors pairs, CFDs, Indices, Commodities, Shares, and Cryptos. All these assets are traded on a firm’s custom web trading platform with basic features. Since there is no broker, the spreads and trading conditions can not be tested properly. We assume the spreads and trade execution could be worse than with advanced platforms. For offering all the popular asset types, the firm gets a 4 score in this section.
Trade Amber Trading rules and limitations — 1.3
Trade Amber rules are similar to many other firms, and traders have to be very careful not to breach any of them. Each funded account has slightly different rules to follow.
The Fixed Challenge comes with the following rules:
- Daily risk limit — 4%
- Overall drawdown — 8%
- Profit target — 8%
- Minimum profitable days — 5
The rules for the Scale Challenge account are:
- Daily risk limit — 3%
- Overall drawdown — 5%
- Profit target — 6%
- Minimum profitable days — 5
Copy trading and hedging are prohibited, but traders can trade during major news release events. Overall, Trade Amber receives a 1.3 score in this section.
Trade Amber Fees — 1.5
The fees for Trade Amber funded accounts are within the industry average. Fixed funded accounts are cheaper, and the scaling challenges are more expensive. All the fees are one-time, meaning traders have to pay the fee once, and they can participate in the challenge.
Fixed challenges one-time fees:
- Funded amount:5,000 USD — one-time fee: 34 USD
- 10,000 USD — 74 USD
- 25,000 USD — 159 USD
- 50,000 USD — 249 USD
- 100,000 USD — 399 USD
- 200,000 USD — 799 USD
Scale challenge’s one-time fees:
- Funded amount: 20,000 USD — one-time fee: 99 USD
- 50,000 USD — 159 USD
- 100,000 USD — 199 USD
Trade Amber free trial is not available at the moment and traders need to purchase an account to test the actual trading conditions.
Trade Amber free repeat is not available either and traders have to purchase challenges every time they want to start over. The firm receives a 1.5 score in the fees section for not offering cereal information about its spreads and other important details other than fees.
Trade Amber Platforms — 0.9
The firm claims to be offering the most advanced trading platform, but it never clearly mentions its name. We assume the firm has a web trading platform built into the trader dashboard. Web trading platforms, especially from young pro firms, are typically very limited in functionality and often are slow in execution speeds and laggy. Trade Amber gets a 0.9 score in this section for not offering any advanced platform.
Trade Amber Profit-Sharing — 1
Trade Amber profit split is set to 80% for all accounts, and traders can withdraw profits after 30 days of the first trade on a funded account. All subsequent withdrawals can be requested once in 14 days, meaning traders can receive profits twice per month. Processing times are a bit lengthy and will take somewhere between 1-3 business days.
The firm gets a 1 score in the profit-sharing section.
Education and trading tools at Trade Amber — 1.5
The firm does not directly offer any educational resources. There are no webinars, or trading courses. However, Trade Amber promises traders to help them with mentors after joining the discord chat. Mentorship from experienced traders is one of the most effective ways to learn to trade, and the firm gets a 1.5 score for offering only mentorship.
Customer Support at Trade Amber — 2.4
When it comes to customer support services, Trade Amber offers only two options, live chat and email channels. There is no hotline or other forms and the website as well as the support are only given in the English language which is a huge drawback for the firm.
Frequently Asked Questions on Trade Amber
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