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 :-

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.