Overview of Traddoo Forex Prop Firm

Are you an aspiring trader looking for an opportunity to showcase your skills and earn substantial profits? Look no further! Traddoo offers a comprehensive funding program that provides traders with a platform to trade with confidence and financial backing. In this article, we will delve into the Traddoo Funding Program, outlining its key features, benefits, and how you can participate. Whether you're a seasoned trader or just starting your trading journey, Traddoo has got you covered.

Introduction

The Traddoo Funding Program is designed to provide traders with the necessary support and resources to excel in the financial markets. With flexible trading conditions and attractive profit-sharing opportunities, Traddoo empowers traders to achieve their financial goals. Traddoo, LTD. a British Virgin Island Limited company is a subsidiary of Traddoo Holdings Co. a Delaware corporation.

No Time Limit

Traddoo understands that successful trading requires patience and strategic decision-making. Therefore, there are no minimum or maximum trading day requirements in the program. Traders have the freedom to trade at their own pace without any time restrictions, enabling them to focus on executing profitable trades.

Instant Payouts

One of the key advantages of the Traddoo Funding Program is the instant payouts. Traders receive their payouts every 14 days, with settlements occurring every other Friday. This allows traders to enjoy the fruits of their labor promptly, providing them with financial stability and flexibility.

Refundable Fee

To participate in the Traddoo Funding Program, traders are required to pass an evaluation. Upon successfully passing the evaluation, traders receive a refund of their evaluation fee along with first withdrawal. This unique feature ensures that traders can start their funded trading journey without any additional financial burden.

No Consistency Restriction 

Traddoo understands that each trader has their own trading style and strategy. Therefore, there are no consistency rules imposed on traders. Traders have the freedom to trade how they want without any restrictions on their trading patterns. This allows traders to capitalize on their strengths and maximize their trading potential.

$1,000,000 Scaling Plan 

Traddoo offers a lucrative scaling plan for traders who consistently generate profits. As traders achieve consistent profitability and compound their capital, they have the opportunity to scale their trading account up to $1,000,000. This scaling plan enables traders to grow their trading capital exponentially, further enhancing their earning potential.

24/7 Dedicated Support 

Traddoo takes pride in providing exceptional support to its traders. With 24/7 dedicated support available via Discord, the dashboard, or email, traders can easily reach out and get their questions answered. The dedicated support team at Traddoo ensures that traders have the assistance they need throughout their trading journey.

Traddoo Two Phase Challenge Details

Traders in the Traddoo Funding Program have the option to participate in either a two-phase challenge or a one-phase challenge. Let's explore the details of the two-phase challenge:

Traddoo Two Phase Challenge Profit Target 

In the two-phase challenge, traders must reach an 8% profit target before achieving a secondary profit target of 5%. This structure encourages traders to aim for consistent profitability and demonstrates their ability to sustain successful trading over time. 

Traddoo Two Phase Challenge Daily Drawdown Rules 

To manage risk effectively, Traddoo implements a daily drawdown rule of 5%. The drawdown is calculated based on the previous day's end-of-day balance. This rule ensures that traders maintain discipline in their trading and prevent excessive losses.

Max Drawdown Rules 

Traddoo also has a maximum account drawdown rule in place. Traders must adhere to a 10% maximum drawdown, which is calculated as a static position of the starting balance. This rule serves as an additional safeguard to protect traders' capital and promote responsible risk management.

One Phase Challenge Details 

Alternatively, traders can choose to participate in the one-phase challenge. Let's explore the specifics of this challenge:

Profit Target

In the one-phase challenge, traders aim to reach a profit target of 10% before they start trading in the live funded environment. This target showcases traders' ability to generate substantial profits and demonstrates their readiness to trade with larger capital.

Daily Drawdown Rules

Similar to the two-phase challenge, the one-phase challenge also has a daily drawdown rule. Traders must adhere to a maximum daily drawdown of 4%, calculated based on the previous day's end-of-day balance. This rule ensures that traders maintain consistency in their trading performance and prevent significant losses. 

Max Drawdown Rules

Traddoo implements a trailing percentage-based max drawdown rule for the one-phase challenge. Traders must adhere to a 6% maximum drawdown, calculated based on their closed trading balance. This rule ensures that traders manage their risk effectively and protect their capital during their trading journey.

Inactivity Breach

Traddoo requires traders to place a trade at least once every 30 days to avoid an inactivity breach. This rule encourages active trading participation and ensures that traders remain engaged in the program.

Payouts after a Hard Breach

In the event of a hard breach, traders with profits in their funded account will still receive their portion of those profits. For example, if a trader grows their account from $100,000 to $110,000 and experiences a hard breach, Traddoo will close the account. The trader will be paid their 80% portion of the profits, which amounts to $8,000 in this scenario.

Allowed Leverage

Traddoo offers a leverage of 1:30 on Forex, Metals, Indices, Commodities, and Crypto. This leverage allows traders to amplify their trading positions and potentially increase their profitability. However, it is important for traders to use leverage responsibly and consider the associated risks.

Organized Competition 

Traddoo also organizes trading competitions to provide traders with an additional avenue to showcase their skills and potentially earn prizes. Participating in the trading competition allows traders to secure a position among the top 10 traders and win attractive prizes. Alternatively, traders can treat the competition as a trading challenge, demonstrating their capabilities and improving their trading abilities.

Competition Prizes

The competition prizes vary depending on the trader's ranking: 

- 1st Place: The first-place trader will be subject to a $200,000 Traddoo two-phase evaluation.

- 2nd, 3rd, 4th Place: The second, third, and fourth-place traders will be subject to evaluations of $100,000, $50,000, and $25,000, respectively, in the Traddoo two-phase evaluation.

- 5th - 10th Place: Traders ranking from fifth to tenth place will be subject to a $10,000 Traddoo two-phase evaluation.

These evaluations provide traders with an opportunity to showcase their trading skills and potentially secure a funded trading account with larger capital.

Bonus: Exclusive Discount

Traddoo offers a bonus incentive for traders who aim for an 8% profit target without violating any rules. Qualifying participants will enjoy an exclusive discount, which includes a 15% off refund on their evaluation fee, a 115% refund of their evaluation fee, and a 90% profit split. This bonus encourages traders to strive for excellence and rewards them for their exceptional trading performance.

Conclusion

The Traddoo Funding Program provides traders with a unique opportunity to trade with financial backing, flexible trading conditions, and attractive profit-sharing opportunities. With no time limits, instant payouts, refundable fees, and dedicated support, Traddoo prioritizes the success and growth of its traders. Whether you choose the two-phase challenge or the one-phase challenge, Traddoo offers a structured and supportive environment for traders to excel in the financial markets.