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.
