Tradiac is a prop firm that offers traders the opportunity to get funded by a hedge fund, allowing them to scale their trading accounts up to $1 million. The process involves three steps: passing a one-stage challenge with up to 15% daily drawdown and 30% max drawdown, leveling up by reaching profit targets to receive additional funding, and saving progress through checkpoints to avoid starting over. Tradiac supports MetaTrader 5 and offers a maximum leverage of 20:1. Traders can start with account sizes ranging from $10,000 to $100,000 and scale up to $1 million through consistent performance.
The program features fair and flexible rules, including a max daily loss rule of 5% and a max trailing loss rule of 10%. While scalping and high-frequency trading strategies are not allowed, traders can hold positions overnight and over weekends. Tradiac supports a wide range of trading instruments through its broker partner, Scandinavian Capital Markets, and allows traders from all over the world except sanctioned countries.
The funding process includes an assessment fee with no recurring costs. Upon passing the assessment, traders receive a funded account and can earn a performance fee of 90% of their profits. Tradiac offers payout methods via bank wire or PayPal, with no restrictions on the timing of the first payout after earning at least a 2% profit. The firm also emphasizes the importance of preserving progress through redemption tests in case of setbacks.
