CEO
Brett Simberkoff
Date Created
June 2024
Tradeify
Years In Operation:
1
Date Created
June 2024
4.8 out of 5
Trustpilot
Futures
Firm Overview
TRADABLE MARKETS:
Futures
PAYMENT METHODS:
Credit/Debit Card
Crypto
PLATFORM:
Available Support Channels:
Discord
Email
Live Chat
Payout Methods:
Leverage
Max Contract Size Allowed per Account Size
Lightning Funded
$25,000:
1 (10 Micros)
$50,000:
4 (40 Micros)
$100,000:
8 (80 Micros)
$150,000:
12 (120 Micros)
Growth
$50,000:
4 (40 Micros)
$100,000:
8 (80 Micros)
$150,000:
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
- Drawdown Lock Rule - Both Drawdown types (Intraday Trailing and EOD Trailing) lock when profits exceed the drawdown limit by $100.
- 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).
- Hedging and Trading Micros/Minis Rule – Hedging is not allowed. You can only trade one instrument type at a time: micros or minis.
- News Trading Rule – There are no restriction on trading news events.
- 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.
- 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.
- 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.
- Inactivity Rule – Must place at least one trade per trading week, per account.
Payout Policy
Growth Funded
- 90/10 Split.
- Consistency Rule – 35%.
- Minimum Trading Days – 5 or more trading days must show a profit greater than, depending on the account type:
- $50k Accounts – $150
- $100k Accounts – $200
- $150k Accounts – $250
- Account Balance Needed – Note: You can take profits from within the Minimum Balance.
Account Size Min Balance Needed $50,000 $53,000 $100,000 $104,500 $150,000 $156,500 - Minimum Payout Amount –
- $50k – $500
- $100k – $1,000
- $150k – $1,500
- 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.
Lightning Funded
- 90/10 Split.
- Consistency Rule – 20% for the first payout, 25% second payout, 30% for subsequent payouts.
- Minimum Trading Days – No minimum trading days.
- Payout Profit Goals – Profit you need to reach in between payout requests:
Account Size Payout 1 Profit Goal Payout 2+ Profit Goal $25,000 $1,500 $1,000 $50,000 $3,000 $2,000 $100,000 $6,000 $3,500 $150,000 $9,000 $4,500 - Minimum Payout Amount – $1,000.
- Maximum Payout Amount – Depends on account size and payout request number:
Payout Number $25K Account $50K Account $100K Account $150K Account 1 $1,000 $2,000 $2,500 $3,000 2 $1,000 $2,000 $2,500 $3,000 3 $1,000 $2,000 $2,500 $3,000 4+ $1,000 $2,500 $3,000 $3,500 - Payouts after the 4th remain capped thereafter.
Payout Processing Time
- Payments will be issued within 24-48 hours after the withdrawal has been processed.
- Note that requests submitted outside the normal business hours (Monday - Friday, 8am - 5pm EST) may take up to 72 hours to process.
KYC
- Before requesting a payout, you must complete the full KYC/AML process with Rise.
Restricted Countries
Afghanistan
Albania
Algeria
Angola
Bahamas
Barbados
Belarus
Botswana
Bulgaria
Burkina Faso
Myanmar
Burundi
Cambodia
Cameroon
Central African Republic
Côte d'Ivoire
Ukraine
Croatia
Cuba
Congo (Democratic Republic)
Ecuador
Ethiopia
Ghana
Iceland
Indonesia
Iraq
Jamaica
Kosovo
Lebanon
Liberia
Libya
North Macedonia
Mali
Mauritius
Mongolia
Montenegro
Mozambique
Namibia
Nicaragua
Pakistan
Panama
Papua New Guinea
Philippines
Romania
Serbia
Slovenia
Somalia
South Africa
South Sudan
Sri Lanka
Sudan
Syria
Tanzania
Trinidad and Tobago
Tunisia
Turkey
Uganda
Ukraine
Venezuela
Vietnam
Yemen
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
ACCOUNT SIZE
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE
No challenges available for this firm yet.
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