tradeify

Tradeify

Trading Offers

Going Live
2024

HQ
United States

CEO
Brett Simberkoff

Website
tradeify.co

Trustpilot
4.6

Our Take on Tradeify

Tradeify is an exceptionally fast growting futures prop firm. Since inception, the branded search volume grew to 165,000 searches per month within the United States, and nearly 400,000 globally, which is impressive for a new prop firm. Tradeify is one of the first firms that integrate with Tradesea trading platform, which is powered by an Rithmic data feed, while using Tradovate and Wealthcharts is also possible.

Overall, the offering is well-balanced. The EOD drawdown method is the most convenient one for prop traders and much better than an intraday drawdown method, which is a big plus. But the back-and-forth switching between consistency levels and daily loss limit rules in evaluation phases and then funded accounts is a bit frustrating. A straighter product lineup with those rules would be better.

  • In the Growth program, for example, you trade the challenge without consistency rules, but with a daily loss limit. But then, once funded, things get harder because you then have a consistency rule of 35% (no single trading day’s profit can be bigger than 35% of total profit).
  • In the Select Evaluation it is vice versa. You start with a 40% consistency in evaluation without a daily loss limit, but then in the funded stage the 40% consistency gets removed, but you have to choose between a daily and flex path, which differ in payout frequency, max payout, and whether a daily loss limit applies.
  • The Lightning accounts are Tradeify’s instant funding accounts, with okay pricing, but a more than challenging consistency rule of 20%. I recommend reading our consistency rule guide if you are not aware of why this 20% is bad.

Considering the rules, the Select Evaluation accounts seem to be the better choice. Those who make it through the challenge with a 40% consistency rule will have it easier in funded accounts to reach a payout without the consistency rule applied. The Growth program is not a good choice because things get harder in the funding stage, and the 20% consistency in the Lightning accounts feels too restrictive.

What I’d like to see in future product releases is a consistent rule set across the evaluation stage to the funded stage with similar drawdown methods, daily loss and consistency rules, as TradeDay does.

Prop Firm Details

Trading Instruments:

Futures

Futures Assets:

Futures

CFD Assets:

None

Challenge Types:

1-Step

Activation Fee:

$0

Consistency Rule:

20% in Lightning, 40% in Select and no consistency rule in Growth accounts

Account Sizes:

25K, 50K, 100K, 150K

Futures Platforms:

Tradesea, Tradovate, Wealthcharts

Data Provider:

Tradovate, Rithmic

Payments Methods:

Credit Card, Debit Card, PayPal, Crypto

Withdrawal Methods:

via Rise and Plane

1-Step Static Evaluation (EOD Drawdown, no consistency in Evaluation (but in funded), with Daily Loss Limit)

Prop Firm Account Type Account Size Instrument Steps Profit Split Profit Target Daily Loss Max Loss Price
Tradeify Growth $25,000 Futures 1-Step 90% $1,500 $600 $1,000 $99
Tradeify Growth $50,000 Futures 1-Step 90% $3,000 $1,250 $2,000 $145
Tradeify Growth $100,000 Futures 1-Step 90% $6,000 $2,500 $3,500 $255
Tradeify Growth $150,000 Futures 1-Step 90% $9,000 $3,750 $5,000 $369

Growth accounts have no consistency rule during the evaluation. Once funded, a 35% consistency rule applies. No activation fee. Payout frequency is every 5 days. Up to 5 accounts allowed.

1-Step Static Evaluation (EOD Drawdown, 40% Consistency in Evaluation (but not in funded), no Daily Loss Limit)

Prop Firm Account Type Account Size Instrument Steps Profit Split Profit Target Daily Loss Max Loss Price
Tradeify Select $25,000 Futures 1-Step 90% $1,500 None $1,000 $109
Tradeify Select $50,000 Futures 1-Step 90% $3,000 None $2,000 $165
Tradeify Select $100,000 Futures 1-Step 90% $6,000 None $3,000 $265
Tradeify Select $150,000 Futures 1-Step 90% $9,000 None $4,500 $369

Select accounts require a 40% consistency rule during the evaluation, with no daily loss limit in the evaluation phase. Once funded, traders choose between a Daily path (daily payouts, per-payout cap applies, daily loss limit applies) or Flex path (5-day payouts, no payout cap, no daily loss limit). No consistency rule in either funded path. No activation fee. Up to 5 accounts allowed.

Instant Funding (EOD Drawdown)

Prop Firm Account Type Account Size Instrument Steps Profit Split Profit Target Daily Loss Max Loss Price
Tradeify Lightning Funded $25,000 Futures Instant 90% None None $1,000 $345
Tradeify Lightning Funded $50,000 Futures Instant 90% None $1,250 $2,000 $492
Tradeify Lightning Funded $100,000 Futures Instant 90% None $2,500 $4,000 $660
Tradeify Lightning Funded $150,000 Futures Instant 90% None $3,000 $5,250 $796

Lightning Funded accounts require no evaluation. Traders are funded instantly. No profit target. 20% consistency rule applies, which relaxes after each successive payout (20%, then 25%, then 30%). Payout frequency is every 5 days. Up to 5 accounts allowed. No activation fee.

*The 90% profit split applies to all sim funded accounts (Growth, Select, and Lightning Funded). Traders who progress to Tradeify Elite live funded accounts receive an 80% profit split instead.

Read Customer Reviews tradeify.co

Tradeify currently has a Trustpilot rating of 4.6 out of 5, based on 2,549 reviews, which is categorized as Excellent. Thereof, 1,189 reviews are from people invited by the prop firm using Trustpilot’s supported invitation methods. The most recent reviews are predominantly positive.