Tradeify, a proprietary firm, was launched by Brett Simba, a well-known influencer swing and day trader for 6+ years. The firm offers talented traders the opportunity to generate profits using their platform after passing a rigorous evaluation process. This process ensures that traders possess the necessary skills, discipline, and risk management abilities.
Through the “Advanced” and “Growth” challenges, traders begin with a simulated account to meet specific profit targets while adhering to strict risk management rules. Successful completion of these challenges grants traders access to a simulated funded environment to further confirm their consistency. For those who prefer a more direct path, Tradeify also offers the “Straight to Funded” challenges, providing immediate access to a simulated funded environment to showcase their trading abilities.
Tradeify provides competitive advantages such as access to significant capital, minimized personal financial risk, and dedicated support. Their transparent rules and competitive profit-sharing model are designed to facilitate trader success, allowing them to employ their own strategies while maintaining responsible risk management. With Tradeify, traders are not merely trading; they are building a partnership based on trust and shared success.
Simulated Funded Accounts
A Simulated Funded Account is a trading environment designed to mimic a live trading experience without using real money. It’s especially helpful for new traders transitioning from evaluations to live trading. This account allows you to practice your strategies, manage risks, and build confidence in a real-time setting.
In a Simulated Funded Account, your trades are executed as if you were trading with real money. However, your profits and losses are simulated. This gives you the opportunity to hone your skills and potentially earn real payouts based on your performance.
The Simulated Funded Account serves as a bridge between successful evaluation trading and consistent performance in live markets. It helps you adapt to the psychological and strategic demands of live trading.
Monitoring and Evaluation Tradeify risk managers closely monitor your trading activity in the Simulated Funded Account to assess your ability to follow trading rules, manage risk, and maintain consistency. If you demonstrate successful trading within the account’s parameters, you may be transitioned to a live trading account.
You can have up to 5 Simulated Funded Accounts at a time.
News trading is not allowed on funded accounts. Funded accounts must be flat 2 minutes before and after news releases. This restriction applies only to Tier 1 News. However, traders should always follow their trading systems when trading any news to avoid impulsive or “windfall” trades.
Tier 1 News Includes:
- For All Traders: FOMC Meetings, FOMC Minutes, Employment Report, CPI
- For Energy Traders: EIA
- For Agricultural Traders: Agricultural Reports
Advanced Plan
The Advanced Plan features a dynamic drawdown calculation that adjusts in real-time based on your account’s performance throughout the trading day.
Advanced Challenge Plan
| Account Size | Plan Fee | Profit Target | Intraday Trailing Drawdown Limit | Position Size | Consistency Rule |
| $50k Evaluation | $50 | $3,000 | $2,000 | Maximum of 5 contracts | 35% consistency rule applies |
| $100k Evaluation | $75 | $6,000 | $3,000 | Maximum of 10 contracts | 35% consistency rule applies |
| $150k Evaluation | $100 | $9,000 | $4,500 | Maximum of 15 contracts | 35% consistency rule applies |
Benefits:
- Enhanced Discipline: The immediate tracking of losses encourages more disciplined trading.
- Risk Mitigation: The real-time drawdown adjustments can help protect against significant intraday losses.
Considerations:
- Reduced Flexibility: Intraday losses can directly impact your drawdown limit, potentially leading to earlier account closure if market conditions turn unfavorable.
Intraday Trailing Drawdown
The Intraday Trailing Drawdown is a risk management tool used in the Advanced Plan. It promotes disciplined trading by requiring you to lock in profits daily, manage risk effectively, and maintain strict trading discipline.
- Dynamic Adjustment: As your account value increases, the drawdown limit is automatically adjusted upwards, ensuring a flexible risk management approach.
- Trigger Point: If your account value falls below the adjusted drawdown limit at any point during the day, trading is halted to prevent further losses.
Example:
- Starting Value: $100,000
- Initial Drawdown Limit: $3,000 (3% of initial account balance)
If your account value increases to $105,000, the drawdown limit will be adjusted to $102,000. If your account value then drops below $102,000 before the end of the day, trading will be halted.
Remember, any remaining drawdown amount at the end of the day will carry over to the next trading session.
Growth Plan
Tradeify Growth Plan features an end-of-day (EOD) trailing drawdown, which is calculated based on the highest account balance achieved at the end of each trading day. This drawdown rule only adjusts downward if your account balance reaches a new high.
Growth Challenge Plan
| Account Size | Activation Fee | Profit Target | Daily Loss Limit | End of Day Drawdown Limit | Position Size | Consistency Rule |
| $50k Evaluation | $180 | $3,000 | $1,250 | $2,000 | Maximum of 5 contracts | 35% consistency rule applies |
| $100k Evaluation | $339 | $6,000 | $2,500 | $3,500 | Maximum of 10 contracts | 35% consistency rule applies |
| $150k Evaluation | $439 | $9,000 | $3,750 | $5,000 | Maximum of 15 contracts | 35% consistency rule applies |
Benefits:
- Increased Flexibility: Intraday market fluctuations do not affect the drawdown level, allowing you to hold positions without the immediate risk of hitting the drawdown limit due to temporary losses.
Considerations:
- Potential for Larger Losses: If the market moves against you, there’s a slightly higher risk of experiencing larger losses by the end of the day.
EOD Trailing Drawdown
The EOD Trailing Drawdown is a risk management tool used in the Growth Plan. It’s designed for traders who prefer to hold trades to their full target or stop-loss without being impacted by intraday price fluctuations.
- Dynamic Adjustment: If your account value increases at the end of the day, the drawdown limit is adjusted upward. However, if your account value decreases by the end of the day, the drawdown limit remains unchanged.
Example:
- Initial Setup:
- Initial Capital: $100,000
- End of Day Trailing Drawdown: $3,500
- Minimum Account Balance: $96,500
- Account Performance:
- Day 1: Account value increases to $105,000. The new maximum drawdown is adjusted to $101,500.
- Day 2: Account value decreases to $103,000. Since there was a net loss for the day, the maximum drawdown remains unchanged at $101,500, leaving you with only $1,500 of drawdown.
Straight to Funded Accounts
Tradeify is committed to make futures trading accessible to all. The “Straight to Funded” program offers traders a direct path to trading with the firm’s capital, bypassing the traditional challenge phases. This means eligible traders can start receiving payouts within 10 days of active trading.
Consistency is Key
To qualify for a Straight to Funded account, traders must demonstrate a 20% consistency rate. This means their trading decisions should align with their overall strategy and avoid impulsive or risky moves. By maintaining consistency, traders can better manage risk, achieve sustainable growth, and align with Tradeify goal of fostering a stable and profitable trading environment.
| Account Size | Activation Fee | Profit Target | Daily Loss Limit | End of Day Drawdown Limit | Position Size | Consistency Rule |
| $25K Sim Funded | $375 | X | X | $1,000 | Maximum of 1 Contract | 20% consistency rule applies |
| $50k Sim Funded | $549 | X | X | $2,500 | Maximum of 5 contracts | 20% consistency rule applies |
| $100k Sim Funded | $629 | X | X | $5,000 | Maximum of 10 contracts | 20% consistency rule applies |
| $150k Sim Funded | $699 | X | X | $7,500 | Maximum of 15 contracts | 20% consistency rule applies |
Live Funded Account
Congratulations on transitioning to live funds with Tradeify.
Here are the key points you need to know:
- No Daily Loss Limit: You have full flexibility to manage your trades without a daily loss cap.
- No Consistency Rule: Trade as you see fit—no consistency rules apply.
- Account Flexibility: Your live account balance will be set to your trailing drawdown limit.
- Same-Day Payouts: Request payouts (minimum $500) above the drawdown limit within the first 30 days. After 30 days, payouts are uncapped.
- Account Responsibility: Keep your balance above $0 to retain your live account.
- Multiple Accounts: If you have multiple sim funded accounts, they will be consolidated into one live account.
Tradeify Trading Rules
- Traders are prohibited from using strategies that exploit or create errors in the platform, such as discrepancies in price displays or delays in updates.
- Disruptive Practices: The use of disruptive trading strategies, especially spoofing, is strictly forbidden.
- Excessive Trading: Trading an unreasonably large number of contracts within a single day is prohibited.
- Best Bid or Offer: Traders must avoid executing trades outside the best bid or offer.
- External or Slow Data Feed: Trading based on external or delayed data feeds is not allowed.
- Manipulative Trades: Traders must not engage in manipulative or abusive trading practices that give them an unfair advantage. This includes short-term or high-frequency trading and simultaneously entering opposing positions.
- Consistency in Trading: Traders must adhere to a consistent trading plan regarding trade size, stops, and targets. This includes avoiding excessive contract sizes on single trades, refraining from “flipping” contracts to register a trading day, maintaining consistent trading sizes, and avoiding dollar-cost averaging and high-frequency trading.
- Audit Clause: The Company reserves the right to audit and review the trading activities and styles of all traders to ensure compliance with the Firm’s rules and guidelines. This includes monitoring for prohibited trading practices. Audits may be conducted at any time, without prior notice, and traders are required to fully cooperate with any requests for information or documentation. Failure to comply with the Firm’s rules or audit process may result in disciplinary action, up to and including termination of trading privileges.
Tradeify Payout Policy
Compensation Structure: Traders will receive 100% of the first $15,000 withdrawn. After that, profits will be split 90% to the Trader and 10% to the Company. Unwithdrawn amounts are at risk of loss due to the Trader’s activity. Traders will be paid as independent contractors, not as employees.
Withdrawal Requests: $50K, $100K, and $150K Advanced or Growth Simulated Funded Account Plans
To request a payout, traders must:
- Have traded a minimum of 10 separate days between each withdrawal request
- Have placed trades consistently, following their standard day-to-day trading system
- Have 5 or more trading days with a profit greater than $100
- Have an account balance at least $100 above the minimum payout requirement over the trailing drawdown limit
Note: In funded accounts, the maximum drawdown stops trailing when the liquidation threshold reaches $100 plus the initial plan balance. For example, on a $50K plan, the trailing stops when your peak unrealized account balance is the initial plan balance plus the trailing drawdown amount plus $100.
Max payout per payout period (for the first 3 months):
| Payout Number | $50k Account Max Payout | $100k Account Max Payout | $150k Account Max Payout |
| 1 | $1,500 | $2,000 | $2,500 |
| 2 | $1,750 | $2,500 | $3,000 |
| 3 | $2,000 | $3,000 | $3,500 |
| 4 | $2,250 | $3,500 | $4,000 |
| 5 | $2,500 | $4,000 | $4,500 |
| 6 | $3,000 | $5,000 | $5,500 |
- Payout Caps: After the 6th payout, subsequent payouts will be capped at $25,000.
- Payout Windows: Payouts can be requested twice per month:
- Between the 1st and 4th of each month
- Between the 15th and 18th of each month
- Payout Limits: The minimum payout amount is $500, and the maximum is $25,000 for simulated funded accounts.
- Withdrawal Processing Time: Withdrawals may take up to the end of the next payout cycle to be approved, reviewed, or denied by the team.
Straight to Funded Account Payout Requirements
- Minimum Trading Days: Traders must have traded a minimum of 10 separate days between each withdrawal request.
- Consistent Trading: Trades placed each day must adhere to the Trader’s standard, consistent trading system.
- Profit Requirement: At least 5 or more trading days must show a profit greater than $100.
- Consistency Rule: Traders must abide by a 20% consistency rule.
- Profit Over Drawdown: The account must be at least $100 in profit over the trailing drawdown limit for a payout to be processed. Once this requirement is met, the trailing drawdown will stop.
Max payout per payout period:
| Payout Number | $50k Account Max Payout | $100k Account Max Payout | $150k Account Max Payout |
| 1 | $2,000 | $2,500 | $3,000 |
| 2 | $2,000 | $2,500 | $3,000 |
| 3 | $2,000 | $2,500 | $3,000 |
| 4 | $2,500 | $3,000 | $3,500 |
| 5 | $2,500 | $3,000 | $3,500 |
| 6+ | $2,500 | $3,000 | $3,500 |
Transition to Live Funded
- Review After 6th Payout: The account will be reviewed for a potential transition to a live funded account after the 6th payout.
- Resetting Balance: If the account is moved to Live Funded, the balance will be reset to the trailing drawdown limit. For example, a $50K account would start with a balance of $2,500.
- Payout Windows: Payouts can be requested twice per month:
- Between the 1st and 4th of each month
- Between the 15th and 18th of each month
- Minimum Payout: The minimum payout amount is $1,000.
- Withdrawal Processing Time: Withdrawals may take up to the end of the next payout cycle to be approved, reviewed, or denied by the team.
Instruments
Trade Futures Contracts in one place.
- Stock Indices
- Currencies
- Metals
- Energies
- Bitcoin
Trading platforms
Tradeify partnered with modern, powerful and leading futures trading platform Tradovate, so you can trade securely.
Trader can also trade on:
- TradingView
- Tradovate
- NinjaTrader (use the provided Tradovate credentials)
Support for Rithmic and QuantTower are on Tradeify development roadmap, but Tradeify do not have an estimate for when that will be made live.
Tradeify: Pros and Cons
Pros
- Comprehensive Evaluation: The rigorous evaluation process ensures that traders have the necessary skills and discipline for success.
- Simulated Learning Environment: Traders can gain experience and build confidence in a simulated trading environment before transitioning to live trading.
- Multiple Challenge Paths: Tradeify offers different challenge plans to suit various trading styles and preferences.
- Competitive Advantages: Traders have access to significant capital, minimized personal risk, and dedicated support.
- Transparent Rules: The profit-sharing model and clear rules provide a fair and equitable trading environment.
- Partnership Approach: Tradeify emphasizes building a partnership with traders based on trust and shared success.
Cons
- Limited Payout Amounts: Payouts are capped after a certain number of withdrawals.
- Withdrawal Processing Time: Withdrawals can take time to process.
- Risk of Loss: Even in simulated funded accounts, there’s a risk of losing funds if trading strategies are not successful.
- Strict Requirements: Traders must meet specific requirements, such as minimum trading days and profit levels, to qualify for payouts.
Conclusion
Tradeify offers a promising opportunity for aspiring traders to develop their skills and potentially earn profits. The platform’s focus on evaluation and support, can be beneficial for those who are serious about trading. However, it’s important to consider the potential limitations, such as payout caps and the risk of loss, before deciding if Tradeify is the right fit. Brett Simba, the CEO of Tradeify, has earned a positive reputation, helping to solidify the company’s position as a trusted prop firm.
+ There are no comments
Add yours