Hoorah Trade Prop Firm Review
Hoorah Trade Prop Firm Review: A Complete Guide for Traders
In the competitive world of proprietary trading firms, finding the right prop firm that aligns with your trading style and goals is crucial. Hoorah Trade is a relatively new but promising player in the industry, offering traders a structured and flexible way to access capital without personal risk. In this in-depth review, we will analyze Hoorah Trade’s offerings, its challenges, features, pricing, and whether it is worth joining.
What is Hoorah Trade?
Hoorah Trade is a proprietary trading firm that provides funding to traders who pass their evaluation process. With multiple account sizes, flexible trading rules, and competitive profit splits, Hoorah Trade aims to make trading accessible for everyone.
Why Choose Hoorah Trade?
✅ Flexible Trading Conditions — No time restrictions for completing challenges.
✅ Risk-Free Scaling — Scale your account balance up to $1,000,000.
✅ 80% Profit Split — Keep a significant portion of your profits.
✅ Low Challenge Fees — Start trading for as little as $16.99 per week.
✅ Instant Funding Option — Skip the challenge and get a funded account immediately.
Hoorah Trade Account Types & Challenges
1. 3-Step Challenge
Hoorah Trade offers a 3-step evaluation process to become a funded trader. Traders must meet specific profit targets while managing risk.
Account Options:
- Classic Account: Profit target 5%, daily loss limit 5%, trailing drawdown 5%.
- Competitive Account: Profit target 6%, daily loss limit 4%, trailing drawdown 4%.
Key Features:
- Minimum Trading Days: 5 days.
- Trading Period: Unlimited.
- Profit Split: 80% to traders.
- Funded Account Weekly Fee: Free.
- Challenge Fee: Starts at $16.99 per week.
2. Instant Funding
For traders who want to start trading immediately, Hoorah Trade offers instant funding. Instead of passing an evaluation, you can purchase a funded account directly.
Instant Funding Plans:
- $5,000 Balance: One-time fee of $229.99.
- $50,000 Balance: One-time fee of $1,749.99.
Key Features:
- Profit Split: 80%.
- Daily Loss Limit: 10%.
- Max Trailing Drawdown: 10%.
- No Minimum Trading Days Required.
Scaling Plan — Grow Your Account Risk-Free
Traders who successfully complete the challenge or start with an instant funding account can scale their balance up to $1,000,000.
Scaling Levels:
- $10,000 → $50,000 (Step-by-step growth)
- $100,000 → $1,000,000 (Elite scaling)
Customization Options & Add-Ons
To help traders optimize their strategy, Hoorah Trade offers customization features:
- Profit Accelerator ($39.99 One-Time Fee): Reduce profit target by 1%.
- Risk Manager ($39.99 One-Time Fee): Increase daily loss limit by 1%.
- Analyst Package ($4.99 Weekly Fee): Access expert market insights.
- Risk-Free Scaling ($99.99 — $199.99 One-Time Fee): Scale to $25,000 or $50,000.
Trading Instruments Available
Hoorah Trade allows traders to trade a wide range of assets:
- Forex (FX) Trading
- Commodities (Gold, Oil, Silver)
- Indices (NASDAQ, S&P 500, Dow Jones)
- Cryptocurrencies (Bitcoin, Ethereum)
- Stocks (Apple, Tesla, Microsoft)
Trading Platform & Technology
Hoorah Trade has partnered with cTrader, known for its advanced charting, execution speed, and user-friendly interface.
Key cTrader Features:
- Multiple Trading Tools: Advanced charting and execution.
- Multi-Device Compatibility: Available on Web, Desktop & Mobile.
- In-Depth Analytics: Helps improve your trading performance.Pricing & Fees
Challenge Fees:
- $10,000 Account: $16.99 per week.
- $50,000 Account: $19.99 per week.
- $100,000 Account: $129.99 per week.
Instant Funding Fees:
- $5,000 Account: $229.99 (One-Time Fee).
- $50,000 Account: $1,749.99 (One-Time Fee).
Pros & Cons of Hoorah Trade
✅ Pros:
- Affordable Challenge Fees — Low-cost entry for new traders.
- No Time Limits — Complete challenges at your own pace.
- High Profit Split — 80% payout to traders.
- Instant Funding Option — Trade without passing an evaluation.
- Wide Asset Selection — Trade Forex, Crypto, Stocks, and more.
❌ Cons:
- New Firm — Less proven than competitors like FTMO or MyForexFunds.
- Limited Platform Support — Only cTrader available (MetaTrader not yet supported).
Hoorah Trade Coupon Code — Get Discounts
If you want to save on your Hoorah Trade challenge fees, use this exclusive coupon code:
👉 Hoorah Trade Coupon Code
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Is Hoorah Trade Worth It? Final Verdict
Hoorah Trade is a solid choice for both beginner and experienced traders looking to access funding with flexible evaluation processes. It offers competitive pricing, risk-free scaling, and an 80% profit split, making it an attractive option. However, since it’s a new firm, traders should start with smaller accounts before scaling up.
Who Should Join Hoorah Trade?
✅ Beginners looking for low-cost challenges.
✅ Experienced traders who want scaling potential.
✅ Traders preferring flexible trading rules.
✅ Those who need an instant funding option.
Frequently Asked Questions (FAQ)
1. Can I trade Forex and Crypto on Hoorah Trade?
Yes, Hoorah Trade allows trading in Forex, Crypto, Stocks, Commodities, and Indices.
2. How does the profit split work?
Traders keep 80% of the profits they generate.
3. Is there a time limit to complete the challenge?
No, Hoorah Trade offers an unlimited trading period.
4. Can I scale up to $1,000,000?
Yes! Hoorah Trade allows successful traders to scale their accounts to $1M.
Conclusion
Hoorah Trade is a flexible, affordable, and trader-friendly prop firm offering a variety of funding options. Whether you’re looking for evaluation challenges or instant funding, this firm has something for everyone. With a low entry cost, high profit split, and risk-free scaling, Hoorah Trade is worth considering for serious traders.
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