Details About Tradiac
- Legal Name: The legal name of Tradiac is Nordic Funder KB.
- Company Number: The registration number of Tradiac is 969783-7335.
- Country of Registration: Tradiac is registered in SE.
- CEO: The CEO of Tradiac is not publicly disclosed.
- Support Mail: You can contact Tradiac at no publicly available support email.
- Phone: The phone number for Tradiac is not publicly available.
- Payment Modes: Tradiac supports payments via Crypto, Credit/Debit Card.
- Withdrawal Modes: Tradiac facilitates withdrawals through Wire Transfer/ Bank Transfer, PayPal.
- Official Website: Visit the official website of Tradiac at https://tradiac.com.
- Banned Countries: Tradiac does not allow traders from undisclosed countries.
Challenge Details at Tradiac
- Types of Challenge:The challenges offered at Tradiac include One Phase Challenge.
- Trading Platforms:Tradiac supports trading on undisclosed platforms.
- Trading Instruments:Traders at Tradiac can trade Forex, Metals, oil, Indices.
- Broker:The broker associated with Tradiac is Scandinavian Capital Markets.
- Max Allocation:The maximum allocation provided by Tradiac is 100,000.
- Scaling:The scaling potential at Tradiac reaches up to 1,000,000.
- Trading Competitions:Tradiac does not organize trading competitions for traders.
- Free Trials:Tradiac does not offer free trials to its users.
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.
Tradiac Challenge Account Pricing
TRADIAC
Pricing
Size: 10000 ($95)
Size: 20000 ($190)
Size: 50000 ($475)
Size: 100000 ($950)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
10%%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
10%
Daily Loss
5%
BRAINIAC
Pricing
Size: 10000 ($140)
Size: 20000 ($280)
Size: 50000 ($700)
Size: 100000 ($1500)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
20%%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
20%
Daily Loss
10%
MANIAC
Pricing
Size: 10000 ($190)
Size: 20000 ($380)
Size: 50000 ($950)
Size: 100000 ($1900)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
30%%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
30%
Daily Loss
15%
Frequently Asked Questions
Reviews
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