Overview:
Tradeify positions itself as a prop firm offering multiple pathways to simulated funded accounts, including one-step challenges and direct sim-funded options. They focus on futures trading and emphasize a quick route to trading with larger simulated capital. However, detailed information regarding their corporate background, specific profit split for live accounts, and precise swing trading rules for funded stages has been challenging to ascertain directly from their official website.
Key Points:
- Account Sizes (Simulated): Evaluation accounts from $50,000 to $150,000; “Straight to Sim Funded” accounts from $25,000 to $150,000.
- Year Started: Not clearly stated on their website.
- Minimum Evaluation Days: 1 trading day for “Advanced” and “Growth” plans; 10 trading days to payout for “Straight to Sim Funded” plan.
- Maximum Accounts: Up to 5 Simulated Funded Accounts.
- Restricted Countries: Extensive list including Afghanistan, Belarus, Cuba, Iran, North Korea, Russia, Syria, Ukraine (Crimea region), Venezuela, and many others.
- Straight to Funded: Offers “Straight to Sim Funded” accounts, bypassing an initial challenge phase.
- Swing Trading: Not allowed for challenge accounts (trades closed by 4:59 PM EST). Ambiguous for fully live funded accounts, but the sim-funded model implies day trading.
- Trading Platforms: Tradovate, NinjaTrader.
- Profit Split: Not explicitly stated for fully live funded accounts on their main website. A third-party review mentioned an 80/20 split for some accounts.
Product Table (Evaluation & Sim-Funded Accounts):
| Account Program | Account Size | Profit Target | Max Drawdown (Trailing/EOD) | Min Eval Days | One-Time Fee (Example) |
|---|---|---|---|---|---|
| Advanced Plan Challenge | $50,000 | $3,000 | $2,500 (Trailing) | 1 | ~$170 |
| $100,000 | $6,000 | $3,500 (Trailing) | 1 | ~$290 | |
| $150,000 | $9,000 | $5,000 (Trailing) | 1 | ~$410 | |
| Growth Plan Challenge | $50,000 | $3,000 | $2,500 (EOD) | 1 | ~$190 |
| $100,000 | $6,000 | $3,500 (EOD) | 1 | ~$310 | |
| $150,000 | $9,000 | $5,000 (EOD) | 1 | ~$430 | |
| Straight to Sim Funded | $25,000 | $1,500 (Payout Target) | $1,250 (EOD) | 10 (to payout) | ~$150 |
| $50,000 | $3,000 (Payout Target) | $2,500 (EOD) | 10 (to payout) | ~$250 | |
| $100,000 | $5,000 (Payout Target) | $3,500 (EOD) | 10 (to payout) | ~$450 | |
| $150,000 | $7,500 (Payout Target) | $5,000 (EOD) | 10 (to payout) | ~$650 |
Note: Fees are approximate and subject to change; “Payout Target” for Sim Funded implies achieving this target to be eligible for payouts.
Pros:
- Offers a “Straight to Sim Funded” option, allowing traders to bypass initial lengthy challenges.
- Very low minimum trading day requirement (1 day) for some evaluation plans.
- Supports popular platforms like NinjaTrader and Tradovate.
Cons:
- Lack of transparency regarding the company’s founding year and team.
- Profit split for live/fully funded accounts is not clearly stated on their website.
- Swing trading rules for funded accounts are ambiguous.
- Information can be inconsistent or hard to find, relying on third-party sources for some details.
- The “Straight to Sim Funded” may operate more like an instant funding with specific conditions for payout rather than a traditional funded account with immediate, flexible withdrawals.