Company Information

Company Name: Tradiac
Company Legal Name: Nordic Funder KB
Company Registration No.: 969783-7335
Operating Since: Undisclosed
CEO Name: Undisclosed

Challenge Details

Tradiac offered three account types—Tradiac, Braniac, and Maniac. Here are the details :-

Tradiac Details :-

Pricing:

Price: $10,000: $95
Price: $20,000: $190
Price: $50,000: $475
Price: $100,000: $950

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): Not applicable
Total Loss: 10%
Daily Loss: 5%
Profit Share: 90%
Drawdown Type: Undisclosed
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No limit
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: 0

Braniac Details :-

Pricing:

Price: $10,000: $140
Price: $20,000: $280
Price: $50,000: $700
Price: $100,000: $1,500

Rules:

Profit Target (Phase 1): 20%
Profit Target (Phase 2): Not applicable
Total Loss: 20%
Daily Loss: 10%
Profit Share: 90%
Drawdown Type: Undisclosed
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No limit
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: 0

Maniac Details :-

Pricing:

Price: $10,000: $140
Price: $20,000: $280
Price: $50,000: $700
Price: $100,000: $1,500

Rules:

Profit Target (Phase 1): 30%
Profit Target (Phase 2): Not applicable
Total Loss: 30%
Daily Loss: 15%
Profit Share: 90%
Drawdown Type: Undisclosed
Time Limit: Unlimited
Leverage: 1:100
Max Lot Size: No limit
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: 0

Scaling Plan

Tradiac featured a unique scaling plan to reward consistent traders. Once a trader got funded, they would be given a profit target and traders who reach that profit target will be rewarded with 100% account size increase and the max scaled up limit was set to $1 million. Each time a trader reached the required profit target, they were also given a new challenge account as well.

Spreads and News Trading Rules

Spreads

Tradiac allowed traders to monitor live spreads through their contract specification page. Here is the link - https://tradiac.com/contract-specification/

News Trading Rules

Tradiac had not mentioned the news trading rule.

Other Important Rules

Daily Drawdown Calculation:

Tradiac calculated Daily Drawdown based on the previous day's end-of-day balance at 22:00 UTC. The drawdown type used here was balanced based which means the drawdown limit will only increase and doesn't reduce as the account bears a losing trade.

Countries Banned from Purchasing:

Tradiac accepted traders worldwide, except those from sanctioned countries. Traders can check the OFAC sanctioned countries here - https://ofac.treasury.gov/sanctions-programs-and-country-information

Prohibited Trading Strategies:

Tradiac allowed traders to trade based on the strategies they prefer but had restricted these strategies:

Scalping
High-frequency trading

Payout Methods:

Tradiac used to provide payout via two main methods :-

PayPal: Up to 72 business hours.
Bank Wire: Up to 10 business days.

Trading Commissions

Trading Commissions set by Tradiac were as followed:

Currencies & Metals: $7 per lot
Oil & Indices: No commission

IP Rule

As Tradiac is now closed, IP Address information is not mentioned by Tradiac.

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