Company Information

Company Name : Tradeify

Company Legal Name : Tradeify LLC

Company Registration no. : L24000114905
Operating Since : March 2024
CEO Name : Brett Simba

Challenge Details

Tradeify offers 3 challenge programs, Advanced, Growth, Straight to Sim Funded.

Advanced Details :-

Price:

• $50k account: $99 per month

Rules:

• Profit Target: $3,000 (6%)
• Max Contracts: 5 Minis (50 Micros)
• Daily Loss Limit: None
• Trailing Max Drawdown: $2,000 (4%)
• Drawdown Mode: Intraday
• Min Trading Days to Pass: 1
• Reset Fee: $45
• Activation Fee: $125

Price:

• $100k account: $179 per month

Rules:

• Profit Target: $6,000 (6%)
• Max Contracts: 10 Minis (100 Micros)
• Daily Loss Limit: None
• Trailing Max Drawdown: $3,000 (3%)
• Drawdown Mode: Intraday
• Min Trading Days to Pass: 1
• Reset Fee: $89
• Activation Fee: $125

Price:

• $150k account: $229 per month

Rules:

• Profit Target: $9,000 (6%)
• Max Contracts: 15 Minis (150 Micros)
• Daily Loss Limit: None
• Trailing Max Drawdown: $4,500 (3%)
• Drawdown Mode: Intraday
• Min Trading Days to Pass: 1
• Reset Fee: $99
• Activation Fee: $125

Growth Details:

Price:

• $50k account: $180 per month

Rules:

• Profit Target: $3,000 (6%)
• Max Contracts: 5 Minis (50 Micros)
• Daily Loss Limit (Soft Breach): $1,250 (2.5%)
• Trailing Max Drawdown: $2,000 (4%)
• Drawdown Mode: End Of Day
• Min Trading Days to Pass: 1
• Reset Fee: $85
• Activation Fee: $0

Price:

• $100k account: $339 per month

Rules:

• Profit Target: $6,000 (6%)
• Max Contracts: 10 Minis (100 Micros)
• Daily Loss Limit (Soft Breach): $2,500 (2.5%)
• Trailing Max Drawdown: $3,500 (3.5%)
• Drawdown Mode: End Of Day
• Min Trading Days to Pass: 1
• Reset Fee: $169
• Activation Fee: $0

Price:

• $150k account: $439 per month

Rules:

• Profit Target: $9,000 (6%)
• Max Contracts: 15 Minis (150 Micros)
• Daily Loss Limit (Soft Breach): $3,750 (2.5%)
• Trailing Max Drawdown: $5,000 (3.3%)
• Drawdown Mode: End Of Day
• Min Trading Days to Pass: 1
• Reset Fee: $189
• Activation Fee: $0

Straight to Sim Funded Details:

Price:

• $50k account: $549 one-time fee

Rules:

• Profit Target: None - You're Funded!
• Max Contracts: 5 Minis (50 Micros)
• Daily Loss Limit (Soft Breach): $1,250 (2.5%)
• Trailing Max Drawdown: $2,500 (5%)
• Drawdown Mode: End Of Day
• Min Trading Days to Payout: 10
• Consistency: 20%
• Max Accounts: 7

Price:

• $100k account: $629 one-time fee

Rules:

• Profit Target: None - You're Funded!
• Max Contracts: 10 Minis (100 Micros)
• Daily Loss Limit (Soft Breach): $2,500 (2.5%)
• Trailing Max Drawdown: $5,000 (5%)
• Drawdown Mode: End Of Day
• Min Trading Days to Payout: 10
• Consistency: 20%
• Max Accounts: 7

Price:

• $150k account: $699 one-time fee

Rules:

• Profit Target: None - You're Funded!
• Max Contracts: 15 Minis (150 Micros)
• Daily Loss Limit (Soft Breach): $3,750 (2.5%)
• Trailing Max Drawdown: $7,500 (5%)
• Drawdown Mode: End Of Day
• Min Trading Days to Payout: 10
• Consistency: 20%
• Max Accounts: 7

Scaling Plan

Tradeify does not offer any Scaling Plan.

News Trading Rules:

Although Tradeify has not put any restriction over news trading, Tradeify does advise traders to be careful as the market becomes really volatile.

Other Important Rules:-

Daily Drawdown Calculation:

In Tradeify, Daily Drawdown is calculated based on trailing EOD Drawdown, Which means the drawdown limit will keep changing it’s position at the end of each day but the drawdown limit will not change and will remain static throughout the challenge and funded period.

Countries Banned from Purchasing:

• Afghanistan
• Albania
• Algeria
• Angola
• Bahamas
• Barbados
• Belarus
• Bosnia & Herzegovina
• Botswana
• Burma (Myanmar)
• Burundi
• Cambodia
• Central African Republic
• Côte d'Ivoire
• Crimea
• Cuba
• Democratic Republic of Congo
• Ecuador
• Ethiopia
• Ghana
• Iceland
• Indonesia
• Iran
• Iraq
• Jamaica
• Kosovo
• Laos
• Lebanon
• Liberia
• Libya
• Mauritius
• Mongolia
• Montenegro
• Nicaragua
• North Korea
• Pakistan
• Panama
• Papua New Guinea
• Russia
• Somalia
• South Sudan
• Sri Lanka
• Sudan
• Syria
• Trinidad and Tobago
• Tunisia
• Turkey
• Uganda
• Ukraine
• Vietnam
• Venezuela
• Yemen
• Zimbabwe

There are few countries are eligible to purchase an evaluation account with Tradeify but will not be eligible for a Live Funded Account. They will remain on a Sim Funded account for the duration of their contract with Tradeify.

• Antarctica
• Bulgaria
• Burkina Faso
• Cameroon
• Canada (Only Ontario. See this link from Tradovate for more details.)
• China (Possible exception after AML review)
• Croatia (Hrvatska)
• Gibraltar
• Haiti
• Hong Kong (Possible exception after AML review)
• Jordan
• Kenya
• Lebanon
• Monaco
• Morocco
• Mozambique
• Myanmar
• Namibia
• Nigeria
• Philippines
• Qatar
• Republic of North Macedonia
• Romania
• Senegal
• Serbia
• Slovenia
• South Africa
• South Korea
• Tanzania, United Republic of
• Turkmenistan
• United Arab Emirates

Prohibited Trading Strategies:

There are not many prohibited trading strategies but traders are not allowed to use High-Frequency Trading Bots.

Traders who wants to use EA, They will have to give proof that they are the sole owner of the strategy used by EA, if not then that EA is not allowed.

Payout Methods:

Tradeify offers their payouts via Rise. From there traders can withdraw their payout straight to their Bank Account or to their Crypto wallets.

Trading Commissions:

Trading Commissions set by Tradeify varies based on the account type and traders can check the commission of each instrument in this PDF provided by Tradeify - https://www.tradovate.com/TradovateAllInRates050124.pdf