How to Trade the Big 3 News Events in Prop Firms
CEO Brett Simberkoff
Date Created June 2024
Tradeify
Years In Operation: 1
Date Created June 2024
4.8 out of 5 Trustpilot

4.8

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30% Discount
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Firm Overview

TRADABLE MARKETS:
Futures
PAYMENT METHODS:
Credit/Debit Card
Credit/Debit Card
Crypto
Crypto
PLATFORM:
NinjaTrader
ProjectX
Quantower
TradingView
Tradovate
Available Support Channels:
Discord
Discord
Email
Email
Live Chat
Live Chat
24/7 SUPPORT AVAILABLE
Payout Methods:

Leverage

Max Contract Size Allowed per Account Size
Lightning Funded
1 (10 Micros)
4 (40 Micros)
8 (80 Micros)
12 (120 Micros)
Growth
4 (40 Micros)
8 (80 Micros)
12 (120 Micros)

Commissions

Symbol Total Round Trip Cost
YM, ES, NQ, RTY $5.76
EMD $5.66
FDAX €5.94
FDXM €3.72
FESX €4.12
FDXS €1.42
FSXE €1.34
FGBS €7.70
FGBM €5.70
FGBL €3.70
6A, 6B, 6J, 6C, 6E, NG, GC, HG, SI $6.20
6S $10.20
HE, ZM $9.20
LE $11.20
GF, ZL, ZC $7.20
ZS $15.20
ZW $17.20
RB, QM $5.40
CL, HO $6.00
QG $4.00
QI, GO $5.00
MYM, MES, MNQ, M2K $1.82
MGC, MCL $2.12
M6A, M6E $1.60
NKD, FVS, FXXP, FGBX, PL, PA Not listed in fee schedule

Consistency Rules

  • Advanced/Growth Sim Funded Account – 35%, highest day’s profit cannot above 35% of the total profits.
  • Lightning Funded Accounts – Gradual, the highest day’s profit cannot exceed 20% for the first payout, 25% for the second, 30% for all subsequent payouts.

Firm Rules

  1. Drawdown Lock Rule - Both Drawdown types (Intraday Trailing and EOD Trailing) lock when profits exceed the drawdown limit by $100.
  2. Daily Loss Limit Rule – DLL cannot be used as a stop loss. Exceeding this level is a soft breach, meaning that trading is stopped for the current trading day. Once account balance closes above 6% profit, DLL converts to a Max Trailing Drawdown (only on Growth and Lightning Funded Accounts).
  3. Hedging and Trading Micros/Minis Rule – Hedging is not allowed. You can only trade one instrument type at a time: micros or minis.
  4. News Trading Rule – There are no restriction on trading news events.
  5. Overnight and Weekend Trading Rule – Positions cannot be held overnight and must be closed by 4:59PM EST. On holidays, they must be closed by 12:59PM EST. This will not result in the loss of an account though.
  6. Minimum Trading Days – Removed the 7 minimum trading day requirement for payouts across all funded account types. There are still minimum profit day requirements for the Growth and Advanced Funded Accounts.
  7. Bots/Algorithmic Trading – Is allowed at Tradeify, but only under certain conditions. You can find more information about that here: https://help.tradeify.co/en/articles/10468318-guidelines-for-traders.
  8. Inactivity Rule – Must place at least one trade per trading week, per account.

Payout Policy

Growth Funded
  • 90/10 Split.
  1. Consistency Rule – 35%.
  2. Minimum Trading Days – 5 or more trading days must show a profit greater than, depending on the account type:
    1. $50k Accounts – $150
    2. $100k Accounts – $200
    3. $150k Accounts – $250
  3. Account Balance Needed – Note: You can take profits from within the Minimum Balance.
    Account SizeMin Balance Needed
    $50,000$53,000
    $100,000$104,500
    $150,000$156,500
  4. Minimum Payout Amount –
    1. $50k – $500
    2. $100k – $1,000
    3. $150k – $1,500
  5. Maximum Payout Amount – Depends on account size and payout request number:
    Payout Number$50k Account$100k Account$150k Account
    1$1,500$2,000$2,500
    2$2,000$2,500$3,000
    3$2,500$3,000$4,000
    4+$3,000$4,000$5,000
  • Each payout after the 6th can be any amount up to $25,000 per account.

KYC

  • Before requesting a payout, you must complete the full KYC/AML process with Rise.

Restricted Countries

Afghanistan
Afghanistan
Albania
Albania
Algeria
Algeria
Angola
Angola
Bahamas
Bahamas
Barbados
Barbados
Belarus
Belarus
Botswana
Botswana
Bulgaria
Bulgaria
Burkina Faso
Burkina Faso
Myanmar
Myanmar
Burundi
Burundi
Cambodia
Cambodia
Cameroon
Cameroon
Central African Republic
Central African Republic
Côte d'Ivoire
Côte d'Ivoire
Ukraine
Ukraine
Croatia
Croatia
Cuba
Cuba
Congo (Democratic Republic)
Congo (Democratic Republic)
Ecuador
Ecuador
Ethiopia
Ethiopia
Ghana
Ghana
Iceland
Iceland
Indonesia
Indonesia
Iraq
Iraq
Jamaica
Jamaica
Kosovo
Kosovo
Lebanon
Lebanon
Liberia
Liberia
Libya
Libya
North Macedonia
North Macedonia
Mali
Mali
Mauritius
Mauritius
Mongolia
Mongolia
Montenegro
Montenegro
Mozambique
Mozambique
Namibia
Namibia
Nicaragua
Nicaragua
Pakistan
Pakistan
Panama
Panama
Papua New Guinea
Papua New Guinea
Philippines
Philippines
Romania
Romania
Serbia
Serbia
Slovenia
Slovenia
Somalia
Somalia
South Africa
South Africa
South Sudan
South Sudan
Sri Lanka
Sri Lanka
Sudan
Sudan
Syria
Syria
Tanzania
Tanzania
Trinidad and Tobago
Trinidad and Tobago
Tunisia
Tunisia
Turkey
Turkey
Uganda
Uganda
Ukraine
Ukraine
Venezuela
Venezuela
Vietnam
Vietnam
Yemen
Yemen
Zimbabwe
Zimbabwe

Frequently Asked Questions

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Tradeify

Yes, you can reset breached evaluations. However, that is no reset option for Lightning Funded Accounts, nor for any Sim Funded Accounts. 

You can have a maximum of 5 Sim Funded accounts with any combination of the account types. 

No, you can use your maximum leverage from day one. 

No, there are no fees once you pass the challenge or to activate the Lightning Funded Accounts. 

After 4 payouts a single Sim Funded account, Tradeify reviews your performance and you may be transitioned to a Live Funded. Or, after you reach $80,000 in total payouts. 

Tradeify Prop Firm Challenges

FIRM
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE

No challenges available for this firm yet.

Price History

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