20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Glow Node Review 2024
Minimum
deposit:
deposit:
- $99
Trading platform:
- MT4
Minimum
deposit:
deposit:
- $99
Trading platform:
- MT4
Trading features:
- 3 account types
- 5 balance options
- accounts with instant funding
- profit split is up to 80%-90%
- scaling is up to $1,000,000
- indicators on TradingView
- paid premium indicator
Leverage:
- Up to 1:30
Summary of Glow Node Trading Company
Glow Node is a moderate-risk prop trading firm with the TU Overall Score of 5.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Glow Node clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. Glow Node ranks 24 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Due to its comfortable trading conditions, Glow Node is widely known among traders worldwide. It offers low initial fees, a wide choice of accounts and balances, many financial instruments for trading, and high leverage. The provided indicators greatly facilitate trading for clients of all levels. Also, the platform’s own indicator is available on a paid basis. The initial fee is refundable. During the funding phase, the firm’s profit split is 20% and it is 10% after the scaling. There are no additional costs. Unfortunately, Glow Node does not have a call center or a partnership program.
|
1
|
5.7
/10
|
|
|
|
2
|
5.28
/10
|
|
|
|
3
|
6.68
/10
|
|
This proprietary (prop) firm offers three account types, namely a 2 Phase Evaluation account, a 1 Phase Evaluation account, and an Instant Funding account. The profit split is 80%. When scaling, it can be increased up to 90%. All accounts are scalable. If clients trade with a profit of 10% within 3 months, the balance increases by 30%, and so on up to $1,000,000. At the start, traders can receive from $10,000 to $200,000. The amount of initial fees depends on the type of account and the balance. The minimum fee is $99 and it is refundable subject to successful trading. Glow Node is partnered with the Eightcap broker, which brings trades to the interbank market. Currency pairs, indices, currencies, and precious metals are available for trading. Leverage depends on the asset, the maximum of which is 1:30. Partners of this prop firm can trade news, trade during weekends, use advisors and bots, and copy trades. The platform practically does not limit traders, they only need to monitor the maximum drawdown. Glow Node has several useful indicators for TradingView, as well as a premium indicator built on the firm’s own algorithms.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $99 |
| ⚖️ Leverage: | Up to 1:30 |
| 💱 Spread: | No |
| 🔧 Instruments: | Currency pairs, indices, cryptocurrencies, and precious metals |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Glow Node:
- Three account types and five balance options allow you to choose the conditions most suitable to you;
- The firm offers several indicators for TradingView, as well as a premium indicator;
- There is no profit target, so traders work at their own pace. They can use any trading style and strategy;
- Trading currencies, cryptocurrencies, indices, and precious metals with leverage of up to 1:30 is available;
- All accounts are scalable. When trading successfully, the firm’s partners have the opportunity to receive a balance of up to $1,000,000;
- For professional traders, Glow Node offers an account with instant funding without a challenge;
- The profit split is 80%. When scaling the balance, it can be increased up to 90%.
👎 Disadvantages of Glow Node:
- Technical support is provided only by the Discord channel and a live chat. The prop firm does not have a call center;
- This prop trader does not provide a referral program, thus its partners cannot earn passively;
- All indicators offered by Glow Node can only be used on the TradingView platform.
Evaluation of the most influential parameters of Glow Node
Geographic Distribution of Glow Node Traders
Popularity in
92%
US
7%
FR
1%
Others
User Satisfaction i
4 comments
Total score:
Share your experience
- Best
- Last
- Oldest
Andreyruina
34 weeks ago
annmariewk16
1 year ago
johntt16
1 year ago
elinorjd3
1 year ago
Expert Review of Glow Node
Glow Node is a relatively young prop firm, but its partners are already several thousand funded traders worldwide. TU notes that the firm opens accounts with Eightcap, which is well-known, reliable, and regulated. Fiat currencies, cryptocurrencies, indices, and metals are available among the financial instruments. Leverage depends on the asset. For example, for currency pairs, it is 1:30; for indices, it is 1:10, and for cryptocurrencies, it is 1:3. There are practically no restrictions. There is no profit target, as well as the mandatory number of trading days. Traders do not even have to place a stop loss, they only need to monitor the drawdown. In fact, very few prop trading firms provide this kind of trading maneuverability.
As for the funding conditions, a partner can choose 1-phase or 2-phase challenges, or receive funds to the balance instantly. In the latter case, traders must give the firm 10% of the maximum drawdown limit. For example, if traders choose the balance of $100,000, the available drawdown is $5,000. Accordingly, they transfer $500 to the Glow Node account. This fee can be refunded only if the trader's account reaches the maximum scaling. At the same time, traders receive standard conditions for profit split, which is 80% initially and up to 90% when scaling. Currently, there are practically no firms on the market that offer instant funding on such terms.
Trading is carried out only through the MetaTrader 4 platform. Some traders consider this a disadvantage, because they are used to other solutions. In fact, this is more a constructive nuance that must be taken into account. The same can be said about the absence of a call center, which is perfectly compensated by a live chat and the Discord channel. Glow Node offers its partners several useful indicators for TradingView. However, the most interesting is the premium indicator, which costs $39.99 per month and can be bought at a discount for 3 months or a year. Based on many years of market analysis, this indicator was developed by the firm’s experts, who are professional traders. It is suitable for all assets. Tests have shown its high efficiency with proper use.
In conclusion, it is worth adding that the prop firm is officially registered, it works transparently, and no evidence of deceit or failure to fulfill its obligations to partners has been revealed. Withdrawal of profits is possible after a month of trading on a live account. The minimum amount is $50. After that, an application can be submitted every 14 days. The main withdrawal options are available, namely bank cards and e-wallets. Thus, traders of all levels can become partners of the firm.
Dynamics of Glow Node’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Prop trading firms do not normally offer traditional investment programs to their partners. Sometimes referral options are available. This is when a trader can invite other users to the website using a partnership link and receive bonuses. As a rule, bonuses are small, but with the right approach, they can bring significant profits. Technically, this is not passive income, because a trader needs to have a popular blog and / or communicate frequently with colleagues on the internet, which is hard work and time consuming. So, it’s definitely not passive.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Why Glow Node doesn't have a referral program:
Glow Node is a successful and progressive firm that offers extremely favorable trading conditions. The platform has the optimal number of partners, and, consequently, it has enough inflow. So the firm considers this method of attracting new users unnecessary.
Trading Conditions for Glow Node Users
The initial fee depends on the type of account and its balance. This is true for all prop firms. The larger is the balance, the higher is the initial fee. For example, traders need to pay $99 for a standard Glow Node account with a 2-phase challenge and a balance of $10,000. But if they want to get $200,000, which is the maximum starting balance, the initial fee will be $999. One-phase challenge accounts have higher fees, which start at $149. The highest initial fees are on instant funding accounts. For example, for an instant balance of $10,000 the fee is $450, and for the maximum balance of $100,000, you need to pay $4,500. Leverage is determined by the policies of Eightcap. They differ for different asset groups. The highest leverage of 1:30 is for currency pairs. As for technical support, it is represented by a live chat and the Discord channel. It is available seven days a week from 7:00 to 22:00 GMT.
$99
Minimum
deposit
1:30
Leverage
15/7
Support
| 💻 Trading platform: | МТ4 |
|---|---|
| 📊 Accounts: | 2 Phase Evaluation, 1 Phase Evaluation, and Instant Funding |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank cards and e-wallets |
| 🚀 Minimum deposit: | $99 |
| ⚖️ Leverage: | Up to 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | No |
| 🔧 Instruments: | Currency pairs, indices, cryptocurrencies, and precious metals |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: |
3 account types; 5 balance options; accounts with instant funding; profit split is up to 80%-90%; scaling is up to $1,000,000; indicators on TradingView; paid premium indicator |
| 🎁 Contests and bonuses: | No |
Comparison of Glow Node to other prop firms
| Glow Node | Topstep | FTMO | Funded Trading Plus | Funded Next | True Forex Funds | |
| Trading platform |
MT4 | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MetaTrader4 | cTrader, MT4, MT5 |
| Min deposit | $99 | $1 | $155 | $119 | $99 | $89 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:1 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | No | ECN | Instant Execution | Market Execution | N/a | N/a |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| Glow Node | Topstep | FTMO | Funded Trading Plus | Funded Next | True Forex Funds | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | No | No |
| Crypto | Yes | No | Yes | Yes | No | No |
| CFD | No | No | Yes | Yes | No | No |
| Indexes | Yes | No | Yes | Yes | Yes | No |
| Stock | No | Yes | Yes | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Glow Node Commissions & Fees
Information
As a rule, prop trading firms do not earn on fees. The source of income for proprietary platforms is initial fees, or subscription fees, and a percentage of the partner's profit. Glow Node’s profit split is 10%-20% plus what it earns on the initial fees of traders, if they fail the challenge. There are no additional fees, except for currency pairs, because they are charged $3.5 per lot. Withdrawals are free but other participants in the process, such as e-wallets or banks, may charge fees. Trading costs like spreads or trading fees are charged by Eightcap, which brings traders' transactions to the interbank market. Note that when traders work through Glow Node, they receive more favorable conditions than if they trade with the broker directly.
| Account type | Spread (minimum value) | Withdrawal commission |
| 2 Phase Evaluation | Not available (set by the broker) | No |
| 1 Phase Evaluation | Not available (set by the broker) | No |
| Instant Funding | Not available (set by the broker) | No |
Glow Node offers transparent working conditions. Its partners are guaranteed not to face situations where funds are lost from their accounts or they receive a smaller amount on their cards or e-wallets when withdrawing profits.
Detailed review of Glow Node
The fact that Eightcap is the firm’s permanent partner is a big advantage. The broker provides favorable trading conditions for traders. This is a major Australian broker licensed by AFS (Australian Financial Services). On the world market, it is represented under the Eightcap Global brand. It gives traders access to hundreds of assets from the most popular groups. Leverage is up to 1:30 and spreads are fairly tight. Moreover, if you trade through Glow Node, spreads and trading fees will be more profitable for you than if you trade through the broker directly. These are the terms of the contract between Eightcap and Glow Node. Glow Node pursues a transparent policy and always satisfies its partners. To prove this, there is a low entry threshold and loyal trading conditions. Moreover, there is prompt technical support, which works seven days a week and is always ready to give comprehensive advice.
Glow Node by the numbers:
-
The minimum initial fee is $99;
-
The maximum balance is $200,000;
-
The scaling limit is $1,000,000;
-
The traders’ profit split is 80%-90%.
Glow Node is a prop trading platform for trading on your own conditions
Some firms offer only one group of financial instruments. It may be currency pairs, for example. Glow Node provides the entire list of assets that are in the pool of Eightcap. These are fiat currencies, cryptocurrencies, indices, and metals. A variety of instruments allows traders not to limit themselves in choosing a strategy. However, this is a good opportunity for risk diversification, and you definitely want to reduce trading risks when working with leverage. Glow Node offers leverage of up to 1:30 for currency pairs. This makes it possible to multiply the profit potential, which already increases due to the impressive balance offered by the firm to its partners.
Useful features offered by Glow Node:
-
Traders can scale the balance regardless of the type of account. They need to earn 10% profit for 3 months, then the balance will be increased by 30%. The scaling limit is $1,000,000;
-
Along with the growth of the balance, the trader's profit split grows. Initially, it is 80%, regardless of the type of account. After scaling, it increases up to 90% and remains there permanently;
-
The indicators for TradingView offered by the prop firm are very useful, regardless of the market you are trading on. The paid premium indicator has the greatest value, as it allows you to get a high-quality forecast of the entry point.
Advantages:
1
Traders can choose a standard account, an accelerated challenge option, or an account with instant funding;
2
Partners of the prop firm pay only the refundable initial fee and then give away 10%-20% of their profits. No additional fees are charged;
3
Traders do not need to trade a certain number of days. Also they do not have a target profit or other limits. The only limitation is the total and daily drawdowns;
4
The prop trading firm allows you to trade news, trade during weekends, use advisors, and copy trades;
5
Traders have access to currency pairs, cryptocurrencies, indices, and precious metals. They can trade with leverage of up to 1:30;
6
Partners of the prop firm do not need to place a stop loss and there are no restrictions on the size of the lot for them, excluding "abnormally" high rates;
7
Glow Node offers low initial fees compared to its competitors. Traders can immediately receive up to $200,000.
Guide on how traders can start earning profits
The first thing traders need to choose is the type of account and a balance. It’s easier to decide on the balance, you need to focus on your experience and ambitions. The more professional the partners of the prop firm are, the greater balance they should choose. As for the type of account, the standard two-phase challenge option is suitable for most traders, especially novice traders. It offers the lowest initial fee and the highest drawdown parameter. An account with a one-phase (accelerated) challenge offers higher initial fees, higher profit target, and lower allowable drawdown. Finally, instant funding is targeted at professional market participants. There is no challenge on this account, but at the start, traders need to pay 10% of the allowable balance drawdown in addition to the fee.
Account types:
Account Type
Description
2 Phase Evaluation
The minimum deposit is $99 and the maximum balance is $200,000. The profit target is 8% and 5% for each phase, respectively. The daily drawdown is up to 5% and the total drawdown is up to 10%;
1 Phase Evaluation
The minimum deposit is $149 and the maximum balance is $100,000. The profit target is 10%, daily drawdown is up to 4%, and the total drawdown is up to 8%;
Instant Funding
The minimum deposit is $450 and the maximum balance is $100,000. There is no challenge or daily drawdown, only the total drawdown of up to 5%.
Investment Education Online
Information
Often, proprietary firms provide their partners with various guides, video tutorials, and eBooks. Some of them even host webinars, both paid and free. The goal is to improve the qualifications of their partners. After all, the better traders trade, the higher is the traders’ profit, and, accordingly, the higher is the profit of the firm.
Information available with Glow Node
Information not available on the Glow Node website
Instructions on working with the platform
Guides on trading styles and strategies
Tips on fundamental and technical analyses
Rules of money management
Glow Node assumes that its partners have the skills and experience to successfully trade on the interbank market. Nevertheless, it plans to create a large pool of useful materials. They will soon appear on the website.
Security (Protection for Investors)
Information
This prop firm does not deliver transactions of its traders to the interbank market, this is done by Eightcap. It is important for traders that the firm is registered, but it does not require regulation. However, it is absolutely necessary for Eightcap to be regulated. The Eightcap official website contains a complete list of relevant documents and numbers of valid licenses. Thus, partners of the prop firm can have no doubts that their transactions are actually brought to the interbank market and processed properly.
👍 Advantages
- Traders can apply to the prop firm
- It is possible to contact the broker directly
- Possibility to contact the regulator’s support
👎 Disadvantages
- Assistance by regional financial control authorities is not possible
Withdrawal Options and Fees
-
At the challenge phase, the traders’ transactions are not brought to the interbank market, so they do not earn anything;
-
At the funding phase, partners of the prop firm receive profit for successful trading. The profit split is from 80% to 90%;
-
Traders can submit an application for withdrawal of funds in 30 days after the first live transaction. The minimum withdrawal amount is $50;
-
The application is submitted individually in the user account. It can be processed within a few days;
-
Further withdrawals of funds can be made once every 14 days;
-
The main withdrawal options are bank cards or e-wallets.
Customer Support Service
Information
Technical support is one of the key infrastructures of any prop firm. After all, in any case, partners will have questions and emergency situations, so it is important that they can get expert advice. To do this, Glow Node offers a live chat and the Discord channel, where managers work every day from 7:00 to 22:00 GMT. You can also send an email, but this is a less efficient communication option.
👍 Advantages
- During working hours, responses in live chat and Discord are prompt
- Non-partners of the prop firm can consult tech support
👎 Disadvantages
- No call center
If you need help from Glow Node experts, you can use the following communication channels:
-
Live chat in the user account;
-
The Discord channel;
-
Email.
As TU has already noted, you can use email, but usually the partners of prop firms do not do this, because managers respond in a live chat much faster.
Contacts
| Foundation date | 2022 |
| Registration address | 86-90 Paul Street, London, England, United Kingdom |
| Official site | https://www.glow-node.com/ |
| Contacts |
Email:
support@glow-node.com,
|
Review of the Personal Cabinet of Glow Node
To start trading with the prop firm, you need to get a user account, that is, register on the firm's website. ,Below is a step-by-step guide.
1
Go to the official website of Glow Node. Click the "Dashboard" button in the upper right corner.
2
If you already have a user account, enter your email address and click the "Sign In" button. A login link will be sent to your email. If you don't have a user account, also enter your email address and click the "Register" button. After that, enter your first and last names and click the "Register" button again.
3
Click the "Back" button to return to the previous menu. Enter your email address if the line is not filled in automatically. Click the “Login” button. A login link will be sent to your email. Click the link. You will automatically be redirected to your user account dashboard.
Services of the Glow Node user account:
Dashboard. This menu contains your aggregated data for all accounts. It displays profit, drawdown, balance curve, and other parameters;
Overview of trading. This block provides detailed information on all transactions, current and already completed. There are extended statistics;
Training. This section is currently unavailable. According to the prop firm, educational materials will be posted here soon;
Baxter. This function allows you to apply the rules of a certain trading strategies to the historical data on the prices of the selected financial instruments;
News calendar. This function combines a typical economic calendar and news feeds. The most important events from the world of politics and economics are displayed here;
Download. In this menu, partners of the prop trading firm can download the MetaTrader platform. Glow Node allows trading through MT4 only, other solutions are not available;
Invoicing. Withdrawal options are contained here, and traders have the opportunity to submit a withdrawal application and track its progress, as well as review already processed applications;
Help. Here, the emails of technical support and the link to the Discord channel are displayed. Also, working hours of the support are indicated in this section.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Articles that may help you
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
FAQs
How do client reviews impact Glow Node rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about Glow Node you need to go to the company's profile.
How can I leave a review about Glow Node on the Traders Union website?
To leave a review about Glow Node , you need to register on the Traders Union website.
Can I leave a comment about Glow Node if I am not a Traders Union client?
Anyone can post a comment about Glow Node in any review about the company.
Traders Union Recommends: Choose the Best!
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.