Company Information

Company Name: Tradicave
Company Legal Name: Prop Trade Tech LL

Challenge Details

Tradicave offers two distinct challenge formats that aim to evaluate your trading abilities over time: the 1 Phase and 2 Phase Adventures.

1 PHASE ADVENTURES

For traders seeking a straightforward challenge, the 1 Phase Adventures program is ideal. Here's what it entails:

Pricing:

Size: $15,000 ($159)
Size: $25,000 ($269)
Size: $50,000 ($379)
Size: $100,000 ($589)
Size: $200,000 ($1109)

Rules:

Profit Target: 3%
Total Loss: 15%
Daily Loss: 5%
Profit Share: 50% and up to 70%
Drawdown Type: Static
Time Limit: Unlimited
Leverage: 1:30
Max Lot Size: 10 lots
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: 5 days

2 PHASE ADVENTURES

Pricing:

Size: $15,000 ($108)
Size: $25,000 ($198)
Size: $50,000 ($308)
Size: $100,000 ($488)
Size: $200,000 ($928)

Rules:

Profit Target (Phase 1): 8%
Profit Target (Phase 2): 5%
Total Loss: 12%
Daily Loss: 5%
Profit Share: 80%
Drawdown Type: Static
Time Limit: Unlimited
Leverage: 1:30
Max Lot Size: 10 lots
Payout Frequency: 14 days
Allows Copy Trading: No
Min Trading Days: 5 days

Scaling Plan

Tradicave currently does not offer any scaling plan. Once you've completed the challenges and become a funded trader, your account size remains static without additional growt. Although Tradicave does offer maximum allocation of up to $600,000.

Spreads and News Trading Rules

Spreads:

Tradicave has partnered with Eightcap as their broker, ensuring traders get access to some of the best spreads and commissions available. To replicate real market conditions, spreads are optimized, including the commission structure from Eightcap.

News Trading Rules:

During the funded phase, Tradicave enforces specific rules around news trading. You may hold trades during news events, but opening or closing trades is prohibited 5 minutes before and after red folder news events.

Other Important Rules

Daily Drawdown Calculation:

Tradicave uses equity-based drawdown limits for the daily drawdown in their standard challenge. Your daily drawdown is calculated everyday at the end of the day at 55pm EST. as it is equity based drawdown therefore the drawdown limit will keep changing as the account balance grows or shrinks.

Countries Banned from Purchasing:

Due to regulatory reasons, traders from the following countries cannot participate in Tradicave’s challenges:

Cuba
Iran
North Korea
Myanmar
Russia (including Crimea, Donetsk, or Luhansk regions of Ukraine)
Somalia
Syria

Prohibited Trading Strategies:

Certain strategies are restricted during the funded phases at Tradicave to maintain fair and replicable trading conditions:

Grid Trading or Grid Trading Software
Latency Arbitrage
Hedging Orders across multiple accounts
Exploiting News Volatility with guaranteed limit order fills
Using Delayed Data Feeds for risk-free profit
Copy Trading signals or systems from other users
3rd Party Account Management Services

Payout Methods

To request a payout, traders need to access their dashboard and select the Payout/Profit Share option. Once your eligibility is confirmed by the payments team, payouts are processed either via Cryptocurrency or Bank Transfer.

Trading Commissions

Tradicave's partnership with Eightcap provides industry-leading spreads and commissions. These conditions closely simulate live trading environments, ensuring realistic trading scenarios for all participants.

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