
Tradeify
Founded in 2024 • USA
Tradeify is a newcomer in the prop firm space, offering options for various trading styles. They provide traditional evaluation accounts in multiple sizes, as well as popular straight-to-funded options, giving traders flexibility in their path to funding. With the unique ability to manage up to seven accounts, Tradeify appeals to traders aiming to maximize profits through multiple accounts. This versatility makes Tradeify an attractive choice for traders seeking scalable opportunities in a funded environment.
Our Opinion
Straight-to-funded model gains traction, Tradeify stands out by offering both straight-to-funded and evaluation accounts, giving futures traders flexible options. Tradeify is quickly making an impact in the prop trading industry. With attractive pricing and the ability to trade up to seven funded accounts, they’re bringing exciting opportunities for traders looking to maximize potential in the futures market.
Key Features
- ✓Fast Payouts
- ✓Simple and Transparent Rules
- ✓User-Friendly Dashboard
Pros and Cons
Pros
- ✓A variety of challenge paths to cater to different trading styles
- ✓Same-day payouts for funded accounts
- ✓Generous profit split
Cons
- ✗Withdrawal caps may restrict traders after a certain number of payouts
- ✗Strict trading rules and consistency demands can be tough to meet
- ✗Fewer platform choices compared to some other firms
Quick Stats
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Available Products
Product | Acct Size | Contracts | Profit Target | Trailing Threshold | Price | Activation Fee | Total True Cost | |
---|---|---|---|---|---|---|---|---|
Advanced 50k | $50,000 | 5 | $3,000 | $2,000 | $69 | $125 | $194 | View Details |
Advanced 100k | $100,000 | 10 | $6,000 | $3,000 | $109 | $125 | $234 | View Details |
Advanced 150k | $150,000 | 15 | $9,000 | $4,500 | $129 | $125 | $254 | View Details |
Growth 50k | $50,000 | 5 | $3,000 | - | $139 | - | $139 | View Details |
Growth 100k | $100,000 | 10 | $6,000 | $3,500 | $249 | - | $249 | View Details |
Growth 150k | $150,000 | 15 | $9,000 | - | $339 | - | $339 | View Details |
Straight to Sim Funded 25k | $25,000 | 1 | - | $1,000 | $349 | - | $349 | View Details |
Straight to Sim Funded 50k | $50,000 | 5 | - | $2,000 | $509 | - | $509 | View Details |
Straight to Sim Funded 100k | $100,000 | 10 | - | $4,000 | $629 | - | $629 | View Details |
Straight to Sim Funded 150k | $150,000 | 15 | - | $6,000 | $729 | - | $729 | View Details |
Trading Rules
Guidelines for Simulated Funded Traders
The following rules apply towards our Sim Funded accounts ONLY.
- Challenge accounts have no additional guidelines besides the account parameters of Max drawdown/ Contract size / and daily loss limits (if applicable).
At Tradeify, the rules and policies we’ve established are designed not to restrict your trading, but to create a foundation that maximizes profitability and supports long-term success. Our goal is to leverage your talent, manage risk effectively, and foster a sustainable trading environment where both the firm and traders benefit.
Good Faith Policy
The core of Tradeify's guidelines is a mutual understanding between Tradeify and the trader that the trader acts in good faith. Therefore traders are prohibited from using strategies that seek to exploit or create errors within our platform. This includes taking advantage of discrepancies in price displays, delays in updates, or any other technical errors in our services.
Such actions are considered unethical and can lead to serious consequences, including termination of your trading account.
By adhering to these guidelines, we can work together to build a mutually advantageous relationship that drives success for all
Bots/Algorithmic Trading
At Tradeify, we allow the use of bots and algorithms under certain conditions:
- Ownership: You must be able to prove that you are the sole owner of the bot or strategy, and that no one else has access to or is using it. This ensures that the bot/algorithm is not being shared with other traders or firms.
- We scan to ensure there are no similar orders on other accounts. We will also require a live video of you enabling the code on your own PC.
- Exclusive Use: While you may use the bot on your personal accounts, using it across multiple firms is against Tradeify's policy. The bot should be solely for your own use within Tradeify.
- No High-Frequency Trading (HFT) Bots: Personal bots are allowed as long as they are not high-frequency trading (HFT) bots. Tradeify has specific risk measures in place to detect and monitor such activities.
- Compliance & Verification: Tradeify reserves the right to request information or documentation if our risk measures flag your account for potential violations of these guidelines.
These rules are in place to maintain the integrity of trading on our platform and ensure fairness for all traders.
Microscalping
Microscalping refers to executing trades with the intent of capturing small profits from minimal price movements, such as a few ticks or points typically within a very short period of time.
Tradeify is looking for traders that are serious about their trading and can be called up to live to eventually be copied by our own firm as well.
Trades executed in less than 5 seconds are difficult to reliably replicate or copy, so we have implemented the following guideline:
- 50% or more of your profit must come from trades held longer than 5 seconds.
Keep in mind, this is not a hard rule and just a flag in our system. This will ALWAYS be reviewed internally by our team if it is flagged.
Maximum Account Idle Time
To keep your account active, you must place at least one trade per week (Monday through Friday). This is per account, not per user. Failure to do so may result in your account being marked as inactive. If we are concerned about your max idle time we will message you before we take any action.
If you're unable to meet this requirement due to vacation or other personal reasons, please notify us in advance, and we will work with you to find a solution.
News Trading, Dollar Cost Averaging, Flipping, and Scaling
We do not have any rules against or guidelines around trading news events, Dollar Cost Averaging (DCA), flipping, or scaling.
Dollar-Cost Averaging (DCA) refers to entering a trade with multiple executions at different price points from the initial entry. DCA is allowed, but it should always be part of a structured strategy. It is discouraged to “average into oblivion” involving continuously adding to a losing position without a clear strategy, until the trade reaches breakeven or a slight profit.
Rules: Consistency Rule
The Consistency Rule requires traders to show steady performance before requesting a payout.
Specifically, no single day’s profit (commissions are not included in profit) should exceed a set percentage of the trader’s total profits over a given period.
This means that each day’s profit must remain below or equal to this percentage, encouraging disciplined and steady trading behavior by preventing traders from relying on a few large trades and instead focusing on maintaining consistency.
- Advanced/Growth Sim Funded Accounts must follow a 35% Consistency Rule.
- Straight to Sim Funded Accounts must follow a 20% Consistency Rule.
To calculate the balance required to meet the Consistency Rule, use the following formula:
Biggest End of Day PnL / Consistency % = Total Balance Needed
For example, if your biggest day's profit is $1,000 and you must follow the 20% rule, the required total balance would be: $1,000 / 0.20 = $5,000.
Why is the Consistency Rule Important?
Implementing the Consistency Rule is crucial for several reasons:
- Risk Management: It prevents traders from relying on a few high-risk trades to achieve overall profitability.
- Performance Stability: The rule encourages consistent performance, reducing the likelihood of erratic profit spikes.
- Discipline: It ensures traders maintain a steady approach and avoid taking excessive risks in pursuit of quick profits.
How Does the Consistency Rule Work?
No single trading day’s profit should exceed 35% (20% for Straight to Sim Funded accounts) of the total profits accumulated from the first day of trading in the simulated funded account up to the payout request date. After an approved payout, the consistency % will reset and you will need to maintain consistency % for the period up to the next approved payout request.
More Examples of the Consistency Rule in Action
Here’s another example to illustrate how the Consistency Rule is applied:
- A trader has been trading for 10 days in their Growth Sim Funded account, which follows a 35% Consistency Rule.
- Total profits over the 10 days: $10,000.
- Highest single-day profit: $4,000 (which is 40% of the total profits).
Since this exceeds the 35% limit, the trader must continue trading until the highest single-day profit is less than or equal to 35% of the total profits.
If, on day 11, the trader makes an additional $1,500 in profits:
- The trader has now traded for 11 days.
- Total profits: $11,500.
- Highest single-day profit: $4,000 (which is now 34.7% of the total).
At this point, the trader is eligible to request a payout, as their highest profit no longer exceeds the 35% limit