EagleTrader is a prop firm built in Chinese, for Chinese-speaking traders, on a corporate structure no Western evaluation firm would ever need. The evaluation itself is a copy of the standard template. What EagleTrader changed is everything around it.
No affiliate link appears anywhere on this page. I have no partnership with EagleTrader and earn nothing if you sign up. EagleTrader’s affiliate programme is gated behind an invite code and a partner exam, so there is no commercial angle here even if I wanted one. This page exists because the firm is interesting, not because it pays.
Almost every prop firm worth studying is built in English for a global audience and translated outward. EagleTrader runs the other way. It is built for the mainland Chinese and Hong Kong market first, and that forces decisions a Western firm never has to make: how traders pay, how traders get paid, which regulator gets cited, and which company is legally allowed to hold the money.
So this page answers one question. Are EagleTrader’s rules the same rules every other prop firm uses, or has serving a different market produced something genuinely different? The short answer is that the evaluation is standard to the decimal point, most of the funded-stage rules are ordinary too, and the genuinely unusual parts are not the ones the marketing draws attention to.
Every figure attributed to EagleTrader comes from its own published material, across its main marketing site and its rules and FAQ pages, and where EagleTrader makes a claim about itself this page reports it as a claim. Regulatory and search market figures are sourced separately and named where they appear.
What EagleTrader is
EagleTrader is a paid trader evaluation programme aimed at Chinese-speaking traders. A trader pays a one-time entry fee, trades a simulated account against a profit target and two loss limits, and on passing receives a larger simulated account with a profit split. Payouts are made against performance recorded in a simulation.
EagleTrader advertises three tracks. The standard ET Challenge runs two phases. ET Pro runs seven stages. A third track, ET Max, is also listed. The two-phase ET Challenge is the product almost every trader buys, and it is the one this page examines in detail.
Which company takes the exam fee
Three entities appear across EagleTrader’s own disclosures, and they do three different jobs.
| Entity | Role per EagleTrader’s own material | Touches trader money? |
|---|---|---|
| Eagle Trader Asset Management Limited (Hong Kong) | Holds the SFC licence. Carries the assets under management claim. | No |
| 长沙老鹰一飞冲天科技有限公司 (Changsha, Hunan) | Supplies the simulated trading and educational software. Named as a shareholder of Eagle Trader Limited. | Yes. Receives the exam fee. |
| Eagle Trader Limited | The contracting brand traders sign with. | Yes |
EagleTrader characterises the entry fee as a technology and service fee rather than an investment. That framing is deliberate and it is legally load-bearing. A technology fee paid to a mainland software company is not a securities transaction, which keeps the transaction outside the scope of the Hong Kong licence that the marketing leans on.
The mainland filing supports the split. The Chinese-language site carries ICP number 湘ICP备2026007630号-4. The 湘 prefix is Hunan, which is where Changsha sits. The mainland-facing operation is the Changsha company, and the regulated Hong Kong entity sits at the far end of the chain from the trader’s card payment.
Worth checking: that ICP filing is a 2026 registration. EagleTrader’s marketing claims more than 20,000 challenge participants and over $700 million in assets under management. Those two facts are not impossible together, since a filing can be renewed or re-issued, but the gap is large enough to ask about.
The SFC licence claim
EagleTrader cites SFC licence number BHO336. That number is real and it is checkable, which is more than many claims of this kind offer. What it covers is the question.
Two details are worth knowing before you look it up. The SFC’s own additions list from October 2016 records BHO336 as a Type 9 licence issued to a company under a different name from the one EagleTrader uses today. In Hong Kong a licence reference stays attached to the corporation through a change of name, so the ordinary explanation is a rename rather than anything improper. It does mean the authorisation dates to 2016 and was granted to a business operating under another identity, so a licence number is not evidence that the regulator has reviewed the product being sold today.
The second detail is that EagleTrader’s own properties do not agree. Its asset management site states a Type 9 licence only. Its prop-facing material claims Type 4 and Type 9. The regulator’s 2016 record shows Type 9.
What Type 4 and Type 9 actually mean
Hong Kong does not issue a single financial licence. The Securities and Futures Ordinance defines 13 separate regulated activities, and a firm is licensed for specific numbered types rather than for finance in general. The ones that matter here:
| Type | Activity | Relevance to a prop firm |
|---|---|---|
| Type 1 | Dealing in securities | What a broker holds |
| Type 2 | Dealing in futures contracts | What a futures broker holds |
| Type 3 | Leveraged foreign exchange trading | The closest match to retail forex activity |
| Type 4 | Advising on securities | Publishing investment advice |
| Type 9 | Asset management | Managing a portfolio for clients on a discretionary basis |
Type 9 permits a firm to manage other people’s money in securities and futures. Type 4 permits a firm to advise on securities. Neither covers selling a paid trading evaluation, and neither is Type 3, which is the licence class that maps most closely to leveraged forex activity.
The SFC’s own position is that licensing follows the activity carried on, not the label a business gives itself. A licence number in a marketing footer tells you the regulator reviewed one specific activity. It does not tell you the regulator reviewed the product being sold on that page.
So the licence is genuine, the activity it authorises is not the activity being sold, and the entity holding it is not the entity taking the fee. Anyone relying on it should search BHO336 on the SFC public register and read the registered name, the licence types and the date for themselves.
EagleTrader account sizes and fees
EagleTrader publishes five account sizes. Each carries a one-time entry fee, and EagleTrader states the fee is refunded in full once a trader reaches a funded account and receives a first profit split.
| Account size | Entry fee | Fee as % of account | Phase 1 target | Phase 2 target | Daily loss limit | Max total loss |
|---|---|---|---|---|---|---|
| $10,000 | $150 | 1.50% | $1,000 | $500 | $500 | $1,000 |
| $25,000 | $250 | 1.00% | $2,500 | $1,250 | $1,250 | $2,500 |
| $50,000 | $400 | 0.80% | $5,000 | $2,500 | $2,500 | $5,000 |
| $100,000 | $600 | 0.60% | $10,000 | $5,000 | $5,000 | $10,000 |
| $200,000 | $1,000 | 0.50% | $20,000 | $10,000 | $10,000 | $20,000 |
The ratios are identical across every tier. Phase 1 asks for 10% profit, Phase 2 asks for 5%, the daily loss limit is 5% of the initial balance and the maximum total loss is 10%. That is the standard two-phase evaluation template used across the forex prop sector. EagleTrader has not built a different product. It has localised an existing one for a market where the established firms have limited presence, which is the same pattern covered in the breakdown of prop firms in China.
The refund deserves precise wording. The fee is conditionally refundable, not refundable. A trader gets it back only by passing both phases, clearing KYC, reaching a funded account and then earning enough to trigger a first payout. Every trader who fails at any point in that chain has bought a product, not made a deposit.
What Phase 2 and the free trial change
Phase 2 carries no additional charge. Neither phase has a time limit. Phase 1 requires a minimum of four trading days with an open position, and Phase 2 sets no minimum. EagleTrader also offers a free practice evaluation valid for 14 days, limited to one at a time per trader.
None of that is distinctive any more. Unlimited evaluation periods became standard across the sector, and the 30-day clock that used to define these products is largely gone. FTMO runs no time limit on either of its evaluations. So EagleTrader matching that is table stakes rather than generosity.
What is worth noticing is what replaced the clock. Time pressure used to do the filtering, because a trader chasing a target against a deadline takes size they otherwise would not. Remove the deadline and a firm needs another mechanism. Across the sector that mechanism is behavioural rules, and EagleTrader’s are where this product gets strict.
EagleTrader trading rules
The daily loss limit is 5% of the initial balance and resets each day at market open. EagleTrader counts floating profit and loss, commissions and overnight interest toward it. Breaching it fails the account immediately, regardless of how the open trades eventually close.
That inclusion of floating P&L is the rule that catches most traders. An account can breach on unrealised drawdown at a moment when the trader is still holding a position that later recovers. The account is already gone.
Leverage is fixed at 20x on every account type. Against typical forex evaluation leverage that is conservative, and it changes the difficulty of the 10% Phase 1 target considerably. The same percentage target on lower leverage requires either more risk per trade or more trades.
The rule that tightens after you pay
Funded EagleTrader traders are barred from trading target instruments within five minutes of major scheduled news releases. Phase 1 and Phase 2 traders are exempt from that restriction.
Funded traders must also close all positions at least two hours before any weekend, holiday or early market close. Phase 1 and Phase 2 traders may hold overnight and over weekends.
A trader therefore qualifies under one rule set and gets paid under a stricter one. A strategy that passed the evaluation may not be permitted on the funded account it earned.
Automated trading is disabled by default and requires prior written compliance approval. Manual one-click order panels are permitted. Traders running multiple accounts must trade them independently, with no copy trading, mirrored entries or coordinated timing, and EagleTrader requires a minimum 15 minute gap between related accounts trading the same instrument.
The anti-abuse rules and what they leave open
EagleTrader publishes an additional anti-abuse addendum. It caps how far account equity may swing within a single hour, day or trade, describing large swings as gambling-style trading. It restricts trades held for under three minutes. It restricts hedging and arbitrage that lack what EagleTrader calls a genuine strategic rationale. And a low consistency score triggers a compliance review lasting five to ten business days.
Read those four together and the point is not that EagleTrader hides every number. Its payout requirements, covered in the next section, are stated precisely. The anti-abuse rules are where the precision stops. EagleTrader names the three minute threshold but not how many such trades trigger a problem. It calls large equity swings gambling-style without publishing the cap. Genuine strategic rationale is a judgment made after the trades already exist. And the consistency score that triggers the compliance review runs on a formula EagleTrader does not publish, which is a different thing from the 40% payout rule despite sharing the word.
So the discretion is concentrated in one specific layer. That is the mechanism by which a payout gets delayed or refused without the trader ever breaching a drawdown limit, and it is the part of the rulebook worth reading before the fee page.
How EagleTrader payouts work
Passing both phases and clearing KYC produces a simulated funded account of the same size, issued within roughly five business days. The profit split starts at 80% and rises to 90% for traders admitted to the Eagle Program. Payouts are made in crypto, processed within one to two business days of invoice confirmation, with no withdrawal commission.
Requesting a payout requires three conditions at once. The account needs at least 2.5% net profit. It needs at least four profitable days, where a day counts only if it nets more than 0.3% of the initial balance. And no single day may account for more than 40% of total period profit.
That third condition is a consistency rule applied to daily profit rather than to the winning trade, and it penalises a specific and entirely legitimate style. A trader who makes most of a month’s return on one strong session cannot withdraw, no matter how disciplined the risk management was.
The payout cap ladder
| Payout request | Maximum payout, as % of initial balance | On a $100,000 account |
|---|---|---|
| 1st | 2.5% | $2,500 |
| 2nd | 2.5% | $2,500 |
| 3rd | 4.5% | $4,500 |
| 4th | 5.5% | $5,500 |
| 5th and beyond | 25% | $25,000 |
Profit above the cap rolls into the next payout cycle rather than being forfeited. The practical effect is that a trader must survive four payout cycles under the full rule set before the cap stops binding. Funded accounts are capped at $400,000 per trader or strategy, reached through one account or a combination, and accounts may be merged under conditions EagleTrader sets.
The Eagle Program and Medal Program
The Eagle Program raises the split from 80% to 90%. Qualifying requires four received payouts with no failed accounts in between, each payout preceded by at least 4% profit, and a flat account with no open positions at the time of application.
The Medal Program sits above it. Qualifying requires a $400,000 funded account, held as one $400,000 account or two $200,000 accounts, at least three months as an active Eagle-tier trader, three or more payouts of 4% or higher, and a flat account on application. It raises simulated funded capital to a maximum of $1,000,000 at the 90% split and adds placement in EagleTrader’s hall of fame.
Those two numbers are worth reading together, because they look contradictory and are not. The $400,000 cap is the ceiling on ordinary funded accounts. The Medal Program is the stated exception to it, and the only published route past $400,000. Reaching that exception requires already holding the maximum ordinary account for three months while producing payouts of 4% or more, so the $1,000,000 figure describes a door almost nobody walks through rather than a tier traders can plan toward.
Eligibility for either programme is lost by triggering any risk control limit or by being found in breach of the general terms.
What EagleTrader’s own numbers say about the odds
EagleTrader advertises more than 20,000 challenge participants, more than 88 traders who reached the Eagle Program, and more than 10 Medal recipients. Those figures are published as achievements. Divided into each other they are something else.
0.44%
Share of EagleTrader participants who reached the Eagle Program, based on 88 of more than 20,000 participants.
0.05%
Share of EagleTrader participants who reached the Medal Program, based on 10 of more than 20,000 participants.
Reaching the Eagle Program requires four clean payouts. So roughly four in every thousand EagleTrader participants have been paid four times. That figure comes from EagleTrader’s own marketing, not from a critic, and it is the most useful number on the entire site.
Is EagleTrader different from other prop firms?
EagleTrader’s evaluation matches the standard two-phase template exactly: a 10% first phase target, a 5% second phase target, a 5% daily loss limit and a 10% maximum loss. The differences sit elsewhere, mostly in the funded stage and in one alternative evaluation track.
| Rule | EagleTrader | Against the standard template |
|---|---|---|
| Phase 1 and Phase 2 targets | 10% and 5% | Identical |
| Daily loss and maximum loss | 5% and 10% of initial balance | Identical |
| Time limit | None on either phase | Common now, not distinctive |
| Fee refund | Returned with the first profit split | Standard |
| Leverage | Fixed 20x | Lower than most forex evaluation firms advertise |
| Payout size | Escalating cap ladder, 2.5% up to 25% | Unusual |
| Consistency | Four profitable days above 0.3%, no day above 40% of period profit | In line with the sector. FTMO’s comparable Best Day rule sits at 50% |
| Short holds | Restriction on trades held under three minutes | Rare as an explicit rule |
| Equity swings | Hourly and daily swing caps | Rare |
| News restriction | Funded stage only, not during evaluation | Common. Several firms loosen evaluation rules and tighten funded ones |
| Weekend holds | Funded traders close two hours before close | Stricter |
| Multiple accounts | Minimum 15 minute gap on the same instrument | Unusually specific |
| Payout method | Crypto only | Market-specific |
What is actually unusual
Crypto-only payouts are the first, and they are not a design preference. Mainland China operates strict capital controls, and a Hong Kong entity paying trading profits into mainland bank accounts at scale would create problems for both sides. Crypto routes around that. It also pushes the currency risk, the exchange risk and the tax question onto the trader, and it means a payout dispute has no banking paper trail to appeal to.
The control layer is the second. Hourly equity swing caps, a restriction on sub-three-minute trades, a hedging test based on strategic rationale, and a compliance review triggered by an unpublished consistency score. The 40% single-day rule is ordinary, and FTMO’s equivalent is looser at 50%. What is less ordinary is stacking four discretionary rules on top of it, none of which states a threshold the trader can plan around.
The third is the ET Pro ladder, which gets its own section below.
The ET Pro seven-stage ladder
ET Pro replaces the two-phase evaluation with a seven-stage progression: qualification, egg, incubation, fledgling, mature eagle, eagle, and fund manager. Nothing in the Western prop sector is structured this way, and the naming is not decoration.
| Stage | What the name signals |
|---|---|
| 1. Qualification | Entry. The trader is outside the system. |
| 2. Egg | Accepted, but undeveloped. Identity granted before achievement. |
| 3. Incubation | Under development by the firm rather than tested by it. |
| 4. Fledgling | Capable but not independent. |
| 5. Mature eagle | Competent. The midpoint most traders would treat as the finish line. |
| 6. Eagle | Elite tier, matching the 90% split programme. |
| 7. Fund manager | Employment. The trader stops being a customer. |
A standard evaluation gives a trader two outcomes: pass or fail. ET Pro gives seven positions, and six of them are places to stay rather than places to leave. A trader who stalls at fledgling has not failed. A trader has a rank, and a rank is something worth protecting.
The biological metaphor does specific work that pass-or-fail does not. An egg that has not hatched is not a defective eagle. It is an eagle at an earlier point on a path with a guaranteed destination, which reframes slow progress as development rather than as evidence the trader cannot do this. It also frames the firm as the party doing the developing, which is the opposite of how an evaluation actually works.
The endpoint is the part operators should look at hardest. Fund manager is not a bigger account. It is a job, and it is the same promise the Eagle Program makes with its chance at a formal trader offer. A ladder that terminates in employment converts a transactional purchase into a career track, and a career track justifies continued spending in a way that a failed challenge does not.
Gap in the public material: EagleTrader publishes the seven stage names but not the profit targets, drawdown limits, account sizes or fees attached to each stage. Without those, the ladder cannot be compared to the two-phase product on cost or difficulty. Anyone evaluating ET Pro should get the per-stage requirements in writing before paying.
What that combination means
A firm that copies the evaluation and rewrites the payout rules has told you where it expects to make its decisions. The evaluation is a known quantity with known pass rates, so there is no reason to change it. The funded stage is where a firm either pays out or finds a reason not to, and that is the part EagleTrader rebuilt.
Being stricter is not the same as being dishonest. A firm serving a market with heavy account-sharing and group-trading activity has a real reason to write detailed anti-abuse rules. But the rules are written as judgments rather than thresholds, and a trader cannot audit a judgment.
Why EagleTrader ranks in China and FTMO does not
Search for prop firms in Chinese on Google and the results look much like the English ones: FTMO, FundedNext, FundingPips, the familiar Western firms. Run the same query on Baidu and that list largely disappears. Two search engines, the same language, two different industries.
Google is not the Chinese search market
Google is not throttled in mainland China. It is blocked. Google withdrew its censored mainland search in 2010 and redirected users to a Hong Kong domain, censors blocked virtually all Google services from June 2014, and Gmail went fully dark that December. YouTube, Facebook, Instagram, X and Wikipedia sit behind the same wall, along with almost every international VPN service.
| Search engine | China share, all devices, April 2026 |
|---|---|
| Baidu | 44.6% |
| Bing | 22.6% |
| Haosou (360 Search) | 18.3% |
| Yandex | 10.4% |
| Sogou | 2.1% |
| 1.9% |
Treat those figures as a snapshot rather than a constant. Chinese search share is unusually volatile between measurement periods, and Baidu has been recorded anywhere from roughly 40% to 65% across 2025 and 2026 depending on the panel and traffic mix. Other trackers put Baidu closer to 58% or higher for the same period.
Why Google shows any share at all
If Google is blocked, a share of 1.9% needs explaining. Most of it is measurement artefact rather than audience.
The Great Firewall covers mainland China but not Hong Kong or Macau, so regional traffic bleeds into any dataset labelled China. Foreign visitors and expatriates using roaming or foreign eSIMs add more. Multinationals, joint ventures and universities operate government-licensed leased-line connections for business use, which are sanctioned and different from a consumer VPN app.
The spread between trackers makes the point more clearly than any of that. One dataset put Google at 1.85% in April 2026. Another put it above 10% for 2024. A real audience does not move by a factor of five between measurement panels.
What about VPNs
VPNs exist and people use them, but they are a minority tool and the ground has been narrowing. State-approved VPNs are legal. Unlicensed ones are not, and authorities have jailed people for selling them, including a nine-month sentence handed down in Dongguan. Most international VPN services are detectable through deep packet inspection even with obfuscation enabled, most provider websites are blocked inside the country, and the apps are absent from local app stores, so a user largely has to arrive already configured.
Why this matters for a prop firm: a Chinese trader who maintains a working VPN and searches in English is already reachable by the big Western firms. That group is self-selected and comparatively sophisticated. The market actually in contention is the mainland-language retail trader researching on a phone, through Baidu, who never encounters a Western firm at all.
Practical consequence: auditing your Chinese visibility through Google tells you nothing. A firm can rank first for its Chinese-language keywords on Google and be effectively invisible to the market it is targeting. Any check has to be run on Baidu.
Baidu ranks on different signals
The number that matters for retail traders is mobile, and there the picture is not close. Baidu holds somewhere around 72% to 78% of mobile search in China, while Bing’s strength is concentrated on desktop. Traders researching a prop firm on a phone are on Baidu.
Baidu does not use Google’s ranking model, and Google SEO does not transfer. It prefers hosting that sits inside China, and it weights licensed and government-affiliated content sources heavily. That last point is the connection between search performance and paperwork, and it is where the Western firms lose before they start.
Any website hosted on a mainland Chinese server must hold an ICP filing from the Ministry of Industry and Information Technology, and the filing number has to be displayed on the site itself. Applying requires a Chinese-registered legal entity. A foreign company cannot file directly. It needs a wholly foreign-owned enterprise, a joint venture, or a licensed local sponsor, and since 2024 the ministry has tightened enforcement against filings made through borrowed entities.
A firm that skips this can still be reached from China. It just pays for it in every way that matters. Offshore-hosted sites load slowly through the Great Firewall. Baidu treats unfiled sites as overseas accounts, and sites without a filing get lower exposure in Baidu’s organic results. Paid Baidu advertising, WeChat Pay and Alipay integration all become difficult or unavailable. The domain must also be registered with a Chinese registrar and hosted with an approved mainland provider, which rules out a Western firm simply pointing its existing domain at a Chinese CDN.
The structure is the moat
EagleTrader’s Chinese site carries ICP filing 湘ICP备2026007630号-4 and an EDI telecom licence. Both require a mainland entity, and EagleTrader has one: the Changsha technology company that also receives the exam fee.
So the entity split described earlier is doing two jobs at once. It keeps fee collection outside the scope of the Hong Kong licence, and it gives the operation the mainland filing that makes Chinese search access possible. The corporate structure is not just a compliance arrangement. It is the distribution channel.
The trailing 号-4 also indicates this is the fourth site registered under that filing, which is consistent with the several domains EagleTrader operates.
What the big firms did instead
The established firms did not lose this fight. They never entered it. FTMO localises its site into Czech, Spanish, Italian, German, Portuguese, Vietnamese and French. Chinese is not among them. A firm that has built a Vietnamese-language funnel and skipped Chinese has made a deliberate decision, not an oversight.
The reasons are not hard to guess. Mainland China restricts retail forex and offshore margin trading, capital controls make payouts awkward, and a mainland entity brings the operation inside a regulatory perimeter most evaluation firms would rather stay outside of. Setting up a WFOE to sell trading challenges in China is a compliance decision before it is a marketing one, and the downside is considerably worse than missing out on the traffic.
That leaves the Chinese-language market open to whoever is willing to build the local entity. EagleTrader built it. The result is a firm with a fraction of FTMO’s scale owning search demand that FTMO cannot compete for.
Visibility is not the same as availability. None of this means a Chinese trader cannot use FTMO. Traders who already know the name can generally sign up, and plenty do. What the large firms lack in China is discoverability. They are absent from the search results, not from the market by prohibition, and a trader who has never heard of a firm will not go looking for it by name.
The second layer: platforms instead of domains
An ICP filing solves hosting and Baidu eligibility. It does not build authority on its own, and EagleTrader supplements it by publishing on mainland platforms rather than only on its own site. A CSDN developer-blog account, a Zhihu column and paid placements on mainland news portals carry a substantial amount of EagleTrader’s indexable text, including the rules and the licence claim.
This works because Baidu weights large domestic platforms heavily, so a page on Zhihu or CSDN can outrank a brand’s own site for the brand’s own topic. It also means the firm does not own most of the surface it is found on. If a platform removes an account, that visibility goes with it, and the firm’s own domain has no accumulated authority to fall back on.
For an operator, the sequence matters more than the tactic. The mainland entity comes first, because it is what makes everything downstream legal and indexable. The platform publishing is the accelerant, not the foundation. Anyone trying the second without the first is renting a presence they can lose overnight.
What to check before paying an EagleTrader fee
- Confirm which legal entity your payment goes to and which country it sits in, since it is not the licensed Hong Kong company.
- Look up BHO336 on the SFC public register yourself and confirm the registered name and licence types against what the marketing claims.
- Read the anti-abuse addendum before the pricing page, since the consistency and equity-swing rules decide whether a payout is approved.
- Check whether your strategy survives the funded-stage rules, not just the evaluation rules, because the five minute news restriction only applies after you pass.
- Treat the entry fee as the cost of a product, since the refund depends on reaching a first profit split.
None of the above says EagleTrader does not pay. It says the published rules give EagleTrader wide discretion over when it pays, and that the regulatory badge in the marketing covers a different activity carried out by a different company.
For anyone looking at this from the other side of the desk, the guide to starting a prop firm covers how the same structural decisions get made.
Running a prop firm and want traders to find you?
Traders research firms before they buy, and most of that research starts on a review page. FundedTrading.com covers over 160 prop firms and lists new ones. I can walk you through getting listed.
Get listed on FundedTrading.com →FAQs about EagleTrader
Is EagleTrader real money or simulated?
EagleTrader states that all trading on its platform happens in simulated accounts with virtual funds, and that EagleTrader is not a broker and does not accept real deposits. A passed trader receives a simulated funded account rather than a live account holding firm capital.
How much does an EagleTrader challenge cost?
EagleTrader publishes five entry fees: $150 for a $10,000 account, $250 for $25,000, $400 for $50,000, $600 for $100,000 and $1,000 for $200,000. Phase 2 carries no additional charge.
Is the EagleTrader exam fee refundable?
The EagleTrader fee is conditionally refundable. EagleTrader states the fee is returned only after a trader passes both phases, reaches a funded account and receives a first profit split. A trader who fails the evaluation does not get the fee back.
What leverage does EagleTrader offer?
EagleTrader fixes leverage at 20x on all account types and both evaluation phases.
How does the EagleTrader payout cap work?
EagleTrader caps each payout as a percentage of the initial account balance and raises the cap with each request: 2.5% on the first and second, 4.5% on the third, 5.5% on the fourth, and 25% from the fifth onward. Profit above the cap rolls into the next payout cycle.
Are EagleTrader’s rules different from other prop firms?
EagleTrader’s evaluation is identical to the standard two-phase template, with a 10% first phase target, a 5% second phase target, a 5% daily loss limit and a 10% maximum loss. EagleTrader’s differences appear after funding: an escalating payout cap ladder, hourly equity swing caps, a limit on trades held under three minutes, a news restriction that applies only to funded traders, and crypto-only payouts.
What percentage of Chinese traders use Baidu?
Baidu held roughly 44.6% of all-device search in China in April 2026, ahead of Bing at 22.6% and Haosou at 18.3%, though the figure is volatile and has been measured between about 40% and 65% across 2025 and 2026 depending on methodology. On mobile, where most retail research happens, Baidu sits around 72% to 78%.
Is Google banned in China, and can traders use a VPN to reach it?
Google is blocked in mainland China rather than restricted. Google withdrew its censored mainland search in 2010, censors blocked virtually all Google services from June 2014, and Gmail was fully blocked that December. State-approved VPNs are legal and unlicensed ones are not, with prosecutions recorded for selling them. Most international VPNs are detectable through deep packet inspection, most provider sites are blocked inside the country, and the apps are absent from local app stores. Traders who do maintain a working VPN are a self-selected minority who tend to search in English and are already reachable by Western firms.
Why don’t FTMO and other major prop firms appear in Chinese search?
This is a question about marketing and infrastructure, not access. Chinese traders who already know a firm’s name can generally go and sign up with it. What the large Western firms lack is discoverability inside China. Any website hosted on a mainland Chinese server needs an ICP filing, and applying requires a Chinese-registered legal entity, so a foreign firm cannot file directly. Without a filing, a site loads slowly through the Great Firewall and gets lower exposure in Baidu’s organic results. Mainland restrictions on retail forex and capital controls on payouts make the required local entity a compliance decision most evaluation firms decline. FTMO localises into seven languages other than English, and Chinese is not one of them.
Who owns EagleTrader?
EagleTrader’s published material names Eagle Trader Limited as the contracting brand, Eagle Trader Asset Management Limited as the Hong Kong entity holding the SFC licence, and 长沙老鹰一飞冲天科技有限公司 as the Changsha technology company that supplies the simulated trading software and receives the exam fee.
