 | Get 40% to 55% off & NO TEST.🤩 Use Code: TFMAX |
Tradeify, founded in 2022 by Brett Simba, is a proprietary trading firm based in Florida, USA. The firm allows traders to trade with funded accounts after passing an evaluation process. Specializing in futures contracts for indices, currencies, and cryptocurrencies, Tradeify offers up to $750,000 in simulated capital for traders to manage.
Trading Funder has verified Tradeify’s credibility through Trustpilot. Tradeify holds a TrustScore of 4.6 out of 5 based on 51 reviews, with traders praising its reliable payout system and responsive customer service, often resolving issues within minutes. Many users commend the fast payouts and efficient support, even during non-business hours. While Tradeify is appreciated for its competitive pricing and smooth account setup, some reviews mention limitations such as restricted withdrawals and trading rules like microscalping and daily loss limits, which may not appeal to those seeking more flexibility. Overall, Tradeify is highly regarded for its strong support and swift payouts.
Tradeify’s key advantages include a flexible profit-sharing model, no mandatory consistency rules for some account types, and a straightforward funding program. However, some drawbacks include initial withdrawal limitations and fewer options for personalized trading strategies.
Tradeify offers three main account types: Advanced, Growth, and Straight to Sim Funded. Prices range from $120 to $550, depending on account size and available promotions. Traders can access these accounts via platforms such as NinjaTrader and Tradovate.
The trading rules at Tradeify vary based on the account type, with key requirements including trading for a minimum of five days, observing trading hours, managing drawdowns, and adhering to maximum position sizes.
In this article, Trading Funder will provide a comprehensive review of Tradeify, outlining its features, account options, and trading rules to help you begin your journey with this prop firm.
What is Tradeify?
Tradeify is a proprietary trading firm that provides traders with access to its capital after successfully passing an evaluation process. Founded by Brett Simba in 2022, Tradeify is based in Florida, USA, and specializes in futures trading, including indices, currencies, and cryptocurrencies. Traders are required to meet profit targets and follow strict risk management rules to qualify for a funded account.
As a prop trading firm, Tradeify uses its own capital to trade financial assets, with the main objective of generating direct market profits rather than managing client funds like traditional investment firms.
who is Tradeify’s founder?
Brett Simba, the founder and CEO of Tradeify, is a seasoned trader known for his experience in day trading and futures markets. He launched Tradeify in 2022, aiming to create a platform that provides traders with access to significant capital after passing an evaluation process. Tradeify offers trading opportunities in futures contracts, including indices, currencies, and cryptocurrencies. Simba has a reputation for helping solidify Tradeify’s presence as a trusted proprietary trading firm by emphasizing transparency and risk management.
What makes Tradeify Legit?
Tradeify is a legitimate proprietary trading firm, with several factors supporting its credibility. It maintains a TrustScore of 4.6 out of 5 on Trustpilot, with 88% of reviews being 5-star. Users frequently praise the firm’s efficient customer support, quick payout system (often within hours), and transparent trading rules. Tradeify provides clear guidelines for risk management and trading evaluations, offering a supportive environment for traders to succeed. Though not directly regulated, it ensures security through partnerships with trusted brokers and services, reinforcing its legitimacy.
Despite its evolving reputation, Tradeify has received a few negative comments. Some users mentioned withdrawal limits and occasional issues with customer service response times, though these are generally resolved quickly. A minority of users have also criticized the firm’s trading rules, such as the restrictions on microscalping and the daily loss limit, which some find too rigid compared to competitors.
Does Makes Tradeify send payouts to its traders?
Tradeify ensures reliable payouts for its traders through a structured payout system. Traders can request payouts twice a month, between the 1st-4th and 15th-18th of each month. The first $15,000 in profits is paid fully to the trader, with a 90% payout on profits beyond that amount. Payouts are typically processed within 3-7 business days after approval through various methods, including direct bank transfers, Rise Pay, and potentially other online payment systems depending on the trader’s location. There are limits based on account size. The minimum payout is $500 for a $50k account, and the maximum per request can go up to $25,000.
Does Tradeify provide a comprehensive FAQ section?
Yes, Tradeify provides a comprehensive FAQ section. This section covers a wide range of topics including account setup, trading rules, payout processes, and support for trading platforms. It addresses common queries such as how to request payouts, manage accounts, and use supported trading platforms like Tradovate and NinjaTrader. The FAQ is designed to guide traders through every step of their trading journey, ensuring clarity on key operational aspects of the firm.
Does Tradeify have good User Reviews and Testimonials?
Yes, Tradeify has received strong user reviews and testimonials, with a high TrustScore of 4.6 out of 5 on Trustpilot. Most reviews praise the firm for its efficient customer support and quick payout processing. Around 88% of the reviews are 5-star, with traders commending Tradeify’s responsive support team. Although a few users have raised concerns about occasional customer service delays, these issues are generally resolved quickly, contributing to an overall positive reputation.
Does Tradeify have good Customer Support?
Tradeify offers responsive customer support, often resolving issues within minutes via email and an online ticket system. It operates 24/7, ensuring quick help for issues like payouts and account setup. While there is no phone support, users have widely praised the fast ticket and email responses.
What are Tradeify’s advantages?
Tradeify provides seven key advantages for traders, positioning itself as a competitive and reliable proprietary trading firm:
- Fast Payouts: Tradeify offers quick and reliable payouts, allowing traders to request them twice a month. Payouts are processed within 24 hours of approval, with funds typically arriving within 3-7 business days.
- Significant Capital Access: Traders can manage up to $750,000 in simulated capital, with the potential for live-funded accounts. This enables traders to take larger positions without risking personal funds.
- 24/7 Customer Support: The firm provides round-the-clock customer support via email and online tickets. Users often report fast response times and efficient resolutions, which are highly rated in reviews.
- Clear Rules and Transparent Profit-Sharing: Tradeify operates with straightforward rules and offers a 100% payout on the first $15,000 of profits, with a 90% payout on earnings beyond that. This transparency helps traders understand precisely how much they can earn.
- Multiple Trading Platforms: The firm supports leading trading platforms such as Tradovate and NinjaTrader, providing access to various futures contracts, including indices, currencies, and cryptocurrencies.
- No Scaling Plan Requirement: Unlike some firms, Tradeify allows traders to trade the total contract size from the beginning without needing to scale up, giving more flexibility to experienced traders.
- Low Risk for Traders: By using Tradeify’s capital, traders minimize personal financial risk while gaining access to significant trading resources. This structure allows traders to develop strategies without risking their capital.
What are Tradeify’s disadvantages?
Tradeify has six disadvantages that may affect specific traders:
- Trailing Drawdown Rules: The firm enforces real-time or end-of-day trailing drawdown mechanisms, which can result in early account closures due to intraday losses. This limits flexibility for traders who may experience temporary dips.
- Microscalping Restrictions: Tradeify discourages high-frequency trading strategies, specifically trades that are completed in under five seconds. This limits traders who rely on short-term, high-frequency approaches.
- Consistency Rule: Traders are required to maintain a consistent profit spread across trading days, which can be restrictive for those who have large gains on specific days. This rule can limit payout eligibility for traders with uneven profit distributions.
- No Overnight Positions: Tradeify requires all positions to be closed by the end of the trading day (4:59 PM EST), which restricts swing traders who prefer holding trades overnight.
- Limited Payout Frequency: Payouts are only available twice a month, which may be less frequent than what some traders prefer. Although payouts are processed quickly after approval, this schedule might limit liquidity for some traders.
- Geographic Limitations: Some countries may have restrictions that limit traders to simulated accounts, preventing full access to live accounts and payouts.
What is Tradeify’s Pricing?
Tradeify’s pricing varies from $99 to $699, depending on the chosen account size. The table below is a simplified breakdown of Tradeify’s pricing, focusing on the plan type, account size, and fees:
| Plan Type | Account Size | Monthly/One-Time Fee |
|---|---|---|
| Advanced | $50,000 | $99/month |
| $100,000 | $179/month | |
| $150,000 | $229/month | |
| Growth | $50,000 | $180/month |
| $100,000 | $339/month | |
| $150,000 | $439/month | |
| Straight to Sim Funded | $50,000 | $549 (one-time fee) |
| $100,000 | $629 (one-time fee) | |
| $150,000 | $699 (one-time fee) |
Does Tradeify offer price discounts?
Yes, Tradeify grants discounts on its prices, ranging from 40% to 80%, including a 50% sale option. To receive these discounts, traders should use this Tradeify discount link and enter coupon code: TFMAX. This coupon code offers at least 40% sale, but it also automatically reflects the most recent discount available upon use. Tradeify applied the discount instantly upon purchasing the evaluation.
| Get 40% to 55% off & NO TEST.🤩 Use Code: TFMAX |
Does Tradeify allow multiple accounts?
Tradeify allows traders to manage multiple accounts with the following conditions:
- Live Funded Accounts: After transitioning to a Live Funded Account, traders can maintain only one Live Funded Account at a time. Any Simulated Funded Accounts are consolidated into this single Live Account upon transition.
- Simulated Funded Accounts: Traders can hold up to 5 Simulated Funded Accounts per household. These accounts can be spread across the Advanced, Growth, and Straight to Sim Funded plan types. Each account is treated independently for payouts and performance tracking.
How does Tradeify work?
Here is a step-by-step guide on how Tradeify works. Tradeify’s procedure consists of eight steps:
- Visit Tradeify’s Website: Go to Tradeify’s official website and review the available account types (Advanced, Growth, Straight to Sim Funded). Select the one that suits your trading goals.
- Choose a Plan: Within your chosen plan, select an account size (e.g., $50k, $100k, $150k). For each plan, review the specific details, such as monthly fees, profit targets, and drawdown limits.
- Sign Up and Pay Fees: Register by creating an account after choosing your plan. Depending on the plan selected, you will need to pay the monthly or one-time fee (e.g., $99/month for the $50k Advanced account).
- Start the Evaluation: For Advanced and Growth accounts, you’ll begin trading in a Simulated Funded Account. You must meet specific profit targets and stay within the risk management rules (e.g., trailing drawdown and daily loss limits).
- Trade on Supported Platforms: You’ll trade using platforms such as Tradovate, TradingView, or NinjaTrader. For live market data, make sure to sign necessary agreements, such as the Non-Professional Data Agreement.
- Pass the Challenge: You’ll complete the challenge if you meet the profit target without violating any rules. For example, you must achieve a $3,000 profit for a $50k account while staying within a $2,000 trailing drawdown.
- Get Funded: After passing the evaluation, you can transition to a Live Funded Account. Once funded, you’ll trade with Tradeify’s capital, sharing the profits. Initially, you keep 100% of your first $15,000 in profits, then 90% after that.
- Request Payouts: You can request payouts twice a month. Once approved, payouts are processed within 24 hours. Your payout tier depends on your account size and the number of completed payouts.
Does Tradeify’s Dashboard provide live data?
No, Tradeify’s dashboard itself does not provide live market data. Instead, live data is accessed through integrated trading platforms like Tradovate, NinjaTrader, or TradingView. Tradeify’s dashboard tracks account performance metrics such as balance, payouts, and rule compliance, but for live trading data, traders must rely on connected trading platforms.
What are Tradeify’s Rules and Objectives?
Tradeify’s rules and objectives focus on managing risk, achieving consistent profits, and meeting specific profit targets. Here’s a summary of Tradeify’s rules and objectives:
- Profit Targets: Traders must meet specific profit goals depending on the account size. For example, a $50,000 account has a $3,000 profit target.
- Trailing Drawdown: Tradeify enforces a trailing drawdown, which follows your account as it gains profits. For instance, the $50,000 account has a $2,000 trailing drawdown, calculated in real-time or at the end of the day, depending on the plan.
- No Daily Loss Limits: Certain plans, like the Advanced plan, have no daily loss limits, though traders must stay within their overall drawdown limits.
- Consistency Rule: Tradeify requires traders to perform consistently to prevent high-risk, single-day profit spikes. For most accounts, no single day’s profit can exceed 35% of total profits. For the “Straight to Sim Funded” account, the limit is 20%.
- Microscalping Restrictions: Tradeify discourages trades executed in under five seconds, aiming to prevent high-frequency strategies that are difficult to copy or sustain.
- Permitted Trading Times: All positions must be closed by 4:59 PM EST each trading day. No overnight or swing trading is allowed.
The table below captures the key rule details for each plan, including profit targets, maximum contracts, drawdown limits, and other relevant parameters:
| Plan Type | Account Size | Profit Target | Max Contracts | Daily Loss Limit | Trailing Max Drawdown | Drawdown Mode |
|---|---|---|---|---|---|---|
| Advanced | $50,000 | $3,000 | 5 Minis (50 Micros) | None | $2,000 | Intraday |
| $100,000 | $6,000 | 10 Minis (100 Micros) | None | $3,000 | Intraday | |
| $150,000 | $9,000 | 15 Minis (150 Micros) | None | $4,500 | Intraday | |
| Growth | $50,000 | $3,000 | 5 Minis (50 Micros) | $1,250 (Soft Breach) | $2,000 | End of Day |
| $100,000 | $6,000 | 10 Minis (100 Micros) | $2,500 (Soft Breach) | $3,500 | End of Day | |
| $150,000 | $9,000 | 15 Minis (150 Micros) | $3,750 (Soft Breach) | $5,000 | End of Day | |
| Straight to Sim Funded | $50,000 | None – You’re Funded! | 5 Minis (50 Micros) | $1,250 (Soft Breach) | $2,500 | End of Day |
| $100,000 | None – You’re Funded! | 10 Minis (100 Micros) | $2,500 (Soft Breach) | $5,000 | End of Day | |
| $150,000 | None – You’re Funded! | 15 Minis (150 Micros) | $3,750 (Soft Breach) | $7,500 | End of Day |
Which trading platforms does Tradeify use?
Tradeify uses three popular trading platforms, they are:
- TradingView: A web-based platform that offers extensive charting, technical analysis tools, and integration with various brokers.
- Tradovate: A futures-focused platform that offers advanced charting and trading tools.
- NinjaTrader: A widely-used platform known for its customizable charting and algorithmic trading capabilities.
how to use NinjaTrader with Tradeify?
To use NinjaTrader with Tradeify, follow these steps:
- Download NinjaTrader: Start by downloading NinjaTrader from their official website and install it on your computer.
- Sign up for Tradeify: Make sure you have a Tradeify account set up. Tradeify will provide you with credentials that allow integration with platforms like NinjaTrader.
- Connect NinjaTrader to Tradeify:
- Open NinjaTrader and go to the Connections menu.
- Select Configure to set up a new connection.
- Choose Rithmic as the connection type. This is important because Tradeify uses Rithmic for data feed and trade execution.
- Enter the credentials provided by Tradeify (username, password, and other connection details).
- Complete the setup, ensuring live data is enabled.
- Test Your Connection: Check for live market data updates and place a small test trade.
- Trade and Monitor: After the connection is set up, you can start trading using NinjaTrader’s tools, charts, and analytics. Your trades are managed through Tradeify’s prop firm setup.
If you face any issues, both NinjaTrader’s and Tradeify’s support teams can assist with troubleshooting the connection.
Does Tradeify allow trade copiers?
Yes, Tradeify allows the use of trade copiers. However, some restrictions exist: copying trades between multiple firms is prohibited, and high-frequency trading (HFT) bots are not permitted. The trader must own the bot or algorithm exclusively, ensuring it is not shared across multiple accounts or firms.
Conclusion about Tradeify
Tradeify, founded by Brett Simba in 2022, is a proprietary trading firm offering up to $750,000 in simulated capital for futures traders. With a 4.6 TrustScore on Trustpilot, it is known for fast payouts and responsive customer support. Key advantages include flexible profit-sharing, no scaling plan requirements, and clear trading rules, though its trailing drawdown, microscalping restrictions, and consistency requirements may limit certain strategies. Tradeify offers Advanced, Growth, and Straight to Sim Funded accounts using platforms like NinjaTrader, TradingView, and Tradovate, with pricing from $99 to $699. Trading Funder recommends Tradeify for its strong support, transparent processes, and competitive funding options for futures traders.
| Get 40% to 55% off & NO TEST.🤩 Use Code: TFMAX |
