Tradeify – Prop Firm Review
- Advanced support for beginner traders
- Rapid account growth through challenges
- Instant payouts after evaluation success
- Competitive fees with profit retention
- Global markets access for portfolio
Company Overview
Tradeify stands out in the competitive prop trading landscape as a firm dedicated to helping traders achieve professional status. Founded with the mission of providing accessible funding options for traders at all experience levels, Tradeify offers a comprehensive evaluation process that tests traders’ skills before providing them with substantial capital. Their two-phase challenge structure (Challenge and Verification) is designed to identify disciplined, consistent traders while offering some of the industry’s most competitive profit splits (up to 90%). What distinguishes Tradeify is their focus on realistic trading conditions with manageable drawdown limits, combined with a trader-friendly dashboard that provides detailed metrics and performance analytics. For those seeking to transition from retail to professional trading, Tradeify offers a structured pathway to funded trading accounts across various asset classes and account sizes.
Key Features at a Glance
Challenge Fees
- $99 – $10,000 Standard Challenge – Entry-level package with standard trading parameters
- $199 – $25,000 Standard Challenge – Mid-tier account with increased trading capital
- $299 – $50,000 Standard Challenge – Advanced account for experienced traders
- $499 – $100,000 Standard Challenge – Professional-level trading capital
- $199 – $10,000 Professional Challenge – Advanced challenge with relaxed trading parameters
- $299 – $25,000 Professional Challenge – Designed for traders with proven strategies
Account Types
- Standard Challenge: Beginner-friendly evaluation with a structured two-phase approach focused on consistency
- Professional Challenge: Designed for experienced traders with more flexible trading parameters and lower profit targets
- Funded Account: Awarded after successfully completing both challenge phases, allowing traders to trade with Tradeify’s capital
Profit Split Options
- 80% Profit Split: Initial profit share for newly funded traders
- 85% Profit Split: Increased profit share after consistent performance
- 90% Profit Split: Maximum profit share available for top-performing traders after scaling thresholds
- Bi-weekly Payouts: Regular profit withdrawals every two weeks for consistent cash flow
Account Sizes
- $10,000: Entry-level account suitable for beginners and testing strategies
- $25,000: Mid-tier account offering balanced risk-reward potential
- $50,000: Advanced account size for experienced traders seeking higher profit potential
- $100,000: Professional-level account for maximum earning potential
- $200,000: Available through scaling program after consistent performance
Trading Platforms
- MetaTrader 4 (MT4): Classic platform with extensive charting tools and expert advisors
- MetaTrader 5 (MT5): Advanced platform with improved speed, additional timeframes, and expanded market access
- TradingView: Web-based platform with advanced charting capabilities and social trading features
- cTrader: Professional platform with advanced order types and depth of market functionality
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Cryptocurrencies: Bitcoin, Ethereum, and other major crypto pairs with 24/7 trading
- Indices: Global stock indices including S&P 500, NASDAQ, FTSE, and more
- Commodities: Gold, silver, oil, natural gas, and agricultural products
- Stocks: Access to US and international equities with competitive commission rates
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 4% |
| Daily Drawdown | 8% | 8% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $400,000 through the scaling program
- Scaling: 25% increase in account size after every 10% profit, with maximum scaling up to 4x initial account size
- Trading Competitions: Monthly competitions with additional cash prizes for top-performing traders
- Free Trial: 7-day demo account available to test the platform before purchasing a challenge
- Profit Targets: Progressively decreasing profit targets as you advance through the program
- Drawdown Structure:
- Daily: 5% for Standard, 8% for Professional
- Maximum: 10% for Standard, 12% for Professional
- Trailing: Applied once 5% profit is achieved to protect gains
Trading Rules and Requirements
- No overnight holding of specific high-volatility pairs during major news events
- Maximum position size limited to 5% of account balance for Standard accounts
- No trading during major economic news releases (within 10 minutes before/after)
- Manipulative trading practices including hedging, arbitrage, and latency exploitation are prohibited
- Use of expert advisors and automated trading systems allowed with prior approval
- Weekend holding permitted for most instruments but weekend gaps are not protected
- Minimum 10 trading days required in each phase (8 days for Professional accounts)
Company Information
- Founded in 2020 by experienced traders and fintech professionals
- Headquartered in London with additional offices in New York and Singapore
- Licensed and regulated with transparent business operations
- 24/7 customer support available via live chat, email, and phone
- Active community with over 50,000 traders from 120+ countries
- Educational resources including webinars, trading guides, and strategy sessions
Payout Methods
- Bank Wire Transfer (2-4 business days)
- PayPal (24-48 hours)
- Skrill (24 hours)
- Neteller (24 hours)
- Bitcoin/Cryptocurrency (1-24 hours)
- Wise (formerly TransferWise) (1-2 business days)
Trading Commissions
- Forex: $7 per lot round turn
- Indices: $5 per lot round turn
- Cryptocurrencies: 0.05% per side
- Commodities: $7 per lot round turn
- Stocks: $0.02 per share with $1 minimum
- No hidden fees or markup on spreads
IP Rules
- Two devices allowed per trader account
- Maximum of two IP addresses permitted
- VPN usage allowed with prior notification
- Trading from different countries requires pre-approval
- Account sharing strictly prohibited
- All IP changes must be documented through the dashboard for security purposes
Video Review
Tradeify Review
Comprehensive review of Tradeify trading services
Unique Features
Analytics Dashboard
- Advanced performance metrics with visual representation of trading patterns
- Risk management analyzer that highlights potential issues before they affect account standing
- Psychological profile assessment based on trading behavior
- Comparative analysis with successful traders in similar markets
Educational Resources
- Personalized strategy consultations with professional traders
- Weekly market analysis webinars with actionable insights
- Comprehensive trading course library covering beginner to advanced concepts
- Community forums for strategy sharing and discussion
Why Choose Tradeify?
Tradeify stands out in the crowded prop firm landscape by offering a trader-centric approach that combines realistic evaluation parameters with exceptional profit-sharing opportunities. Their commitment to trader success is evident through their comprehensive educational resources and advanced analytics dashboard.
Key advantages include:
- Industry-leading profit splits up to 90%
- No time limits on challenge completion, allowing for proper strategy execution
- Transparent scaling system with clear progression pathways
- Bi-weekly payouts for consistent cash flow
- Comprehensive educational resources and professional development tools
- Advanced analytics dashboard for performance optimization
- Responsive customer support with experienced trading professionals
Frequently Asked Questions
How long does it take to get funded?
Traders can become funded as soon as they complete both the Challenge and Verification phases. There is no time limit on either phase, so completion time depends entirely on your trading performance. On average, successful traders complete both phases within 30-60 days, but some particularly skilled traders have achieved funding in as little as two weeks.
Can I hold positions over the weekend?
Yes, Tradeify allows weekend position holding for most instruments. However, traders should be aware that weekend gaps are not protected by any special rules, and any gaps will count toward your daily and maximum drawdown limits. It’s recommended to reduce position sizes before weekends if holding overnight to manage potential gap risk.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations may result in warnings, while serious or repeated violations can lead to account termination without refund. Tradeify implements a “three strikes” policy for most rules, with clear communication at each step. For critical rules like maximum position size or manipulation attempts, immediate account suspension may occur.
Can I trade news events?
Trading around major economic news releases is permitted, but not within 10 minutes before or after high-impact news events (specified in the economic calendar provided in your dashboard). This rule is designed to protect traders from extreme volatility and potential platform issues during major market movements. Traders should plan their strategies accordingly and be aware of upcoming high-impact releases.
How often can I withdraw profits?
Tradeify offers bi-weekly profit withdrawals for all funded traders. Withdrawal requests can be submitted through your dashboard and are processed within 24-48 hours. There is no minimum withdrawal amount, and no maximum beyond your available profit. Consistent traders can enjoy regular income every two weeks, providing a steady cash flow from their trading activities.
