Tradeify is a proprietary trading firm known for its clear, structured rules aimed at fostering trader success and long-term profitability. The firm’s guidelines ensure transparency and fairness, with rules designed to protect traders and promote disciplined trading. At Trading Funder, we recommend Tradeify for traders looking for a prop firm that emphasizes both risk management and the potential for substantial profit, offering a well-balanced environment for traders to grow and succeed
Tradeify offers several account types, such as the “Advanced,” “Growth,” and “Straight to Funded” accounts, each with its own rules, evaluation criteria, and funding opportunities. The firm prioritizes essential trading principles like risk management, meeting profit targets, and maintaining consistency.
Key trading rules with Tradeify include adhering to the end-of-day or real-time trailing drawdown based on your account type, respecting the maximum position size, and following daily loss limits where applicable. Traders must also maintain consistency in their performance and trade only during permitted hours. Objectives such as meeting Profit Targets and fulfilling the Minimum Trading Days requirement are crucial to advancing in Tradeify’s programs.
A unique feature of Tradeify is the Straight to Sim Funded account, which allows traders to bypass the typical evaluation or challenge process and start trading in a simulated funded environment immediately.
Tradeify’s payout policy allows traders to keep 100% of their first $15,000 in profits, with a 90/10 split on earnings beyond that. However, withdrawals are subject to meeting specific requirements, including maintaining a minimum account balance above the trailing drawdown and adhering to the Consistency Rule.
In this article, we will provide a detailed review of Tradeify’s rules and regulations, including evaluations rules, funded accounts, payouts, and withdrawal policies, to help you make an informed decision.
What are the rules for Tradeify’s Evaluation?
Tradeify’s evaluation rules outline the specific guidelines, requirements, and limitations that traders must follow to qualify for funding. These rules require traders to meet profit targets and adhere to drawdown limits and consistency standards to advance through the platform’s funding process.
The five key trading rules for Tradeify’s evaluation accounts include managing account balances to avoid breaching the trailing drawdown, adhering to maximum contract limits, respecting the daily loss limit (where applicable), following permitted trading hours, and trading only approved instruments.
The following table outlines the specific rules for Tradeify’s Advanced, Growth, and Straight to Sim Funded accounts:
| Rules | Advanced Accounts | Growth Accounts | Straight to Sim Funded Accounts |
|---|---|---|---|
| Drawdown | Real-time Intraday Trailing Drawdown | End-of-Day Trailing Drawdown | End-of-Day Trailing Drawdown |
| Drawdown Limit | $2,000 for $50K, $3,000 for $100K, $4,500 for $150K | $2,000 for $50K, $3,500 for $100K, $5,000 for $150K | $2,500 for $50K, $5,000 for $100K, $7,500 for $150K |
| Maximum Position Size | 5 contracts for $50K, 10 for $100K, 15 for $150K | 5 contracts for $50K, 10 for $100K, 15 for $150K | 5 contracts for $50K, 10 for $100K, 15 for $150K |
| Daily Loss Limit | None for Advanced accounts | $1,250 for $50K, $2,500 for $100K, $3,750 for $150K | $2,500 for $50K, $5,000 for $100K, $7,500 for $150K |
| Trading Hours | 6:00 p.m. – 4:59 p.m. ET, Monday to Friday | 6:00 p.m. – 4:59 p.m. ET, Monday to Friday | 6:00 p.m. – 4:59 p.m. ET, Monday to Friday |
| Allowed Instruments | Products within CME, CBOT, COMEX, and NYMEX | Products within CME, CBOT, COMEX, and NYMEX | Products within CME, CBOT, COMEX, and NYMEX |
This table highlights the drawdown rules, position limits, and trading restrictions that apply to each account type in Tradeify’s evaluation process.
1- The Drawdown
Tradeify has two types of drawdowns:
- Real-Time Intraday Trailing Drawdown (used in Advanced accounts): This adjusts continuously throughout the trading day based on the account’s highest balance. If the account value drops below the adjusted drawdown limit, the account fails immediately.
- End-of-Day (EOD) Trailing Drawdown (used in Growth and Straight to Sim Funded accounts): This adjusts only at the end of the trading day based on the highest balance reached during the day. Intraday fluctuations do not impact the drawdown.
Both types ensure that traders maintain risk management by setting limits on losses.
The following table shows the drawdown values for each account size in Tradeify’s Advanced, Growth, and Straight to Sim Funded accounts:
| Account Size | Advanced (Real-Time Trailing) | Growth (End-of-Day Trailing) | Straight to Sim Funded (End-of-Day Trailing) |
|---|---|---|---|
| $50,000 | $2,000 | $2,000 | $2,500 |
| $100,000 | $3,000 | $3,500 | $5,000 |
| $150,000 | $4,500 | $5,000 | $7,500 |
These values represent the maximum drawdown limits for each account type.
2- Maximum Position Size
The maximum position size at Tradeify refers to the maximum number of contracts a trader can hold at any given time, depending on the account type and size. Here are the limits:
Here is a table showing the Maximum Position Size for each account size at Tradeify:
| Account Size | Advanced Accounts | Growth Accounts | Straight to Sim Funded Accounts |
|---|---|---|---|
| $50,000 | 5 contracts | 5 contracts | 5 contracts |
| $100,000 | 10 contracts | 10 contracts | 10 contracts |
| $150,000 | 15 contracts | 15 contracts | 15 contracts |
3- Daily Loss Limit
The Daily Loss Limit at Tradeify is a restriction that applies to certain accounts, preventing traders from losing more than a specified amount within a single trading day. If the limit is reached, trading for that day is paused, but the account remains active for future trading.
Here is a table showing the Daily Loss Limit for each account size at Tradeify:
| Account Size | Advanced Accounts (No Daily Loss Limit) | Growth Accounts | Straight to Sim Funded Accounts |
|---|---|---|---|
| $50,000 | None | $1,250 | $2,500 |
| $100,000 | None | $2,500 | $5,000 |
| $150,000 | None | $3,750 | $7,500 |
This table outlines the daily loss limits for the Growth and Straight to Sim Funded accounts, while Advanced accounts have no daily loss limit.
4- Consistency Rule
The Consistency Rule at Tradeify is designed to ensure traders maintain steady, disciplined performance before requesting a payout. It limits how much of the trader’s total profits can come from a single day’s profit. This rule helps prevent traders from relying on one or two large trades and promotes sustainable trading habits.
- Advanced and Growth Accounts: No single day’s profit can exceed 35% of the total profits accumulated over the payout period.
- Straight to Sim Funded Accounts: No single day’s profit can exceed 20% of the total profits.
For example, if a trader’s highest profit day is $1,000 in a Straight to Sim Funded account, the total profits must be at least $5,000 ($1,000 ÷ 0.20) before requesting a payout. The rule resets after each approved payout.
5- Trading Hours
At Tradeify, trading hours are from 6:00 p.m. to 4:59 p.m. Eastern Time (ET), Monday through Friday. Trading is allowed from Sunday evening (6:00 p.m. ET) until Friday afternoon (4:59 p.m. ET). All positions must be closed by 4:59 p.m. ET each day, and trading can resume at 6:00 p.m. ET when markets reopen.
Holding positions overnight or over the weekend is not allowed, and any open positions during the market close will be automatically closed by Tradeify.
6- Allowed Instruments
At Tradeify, the allowed instruments include products from the following exchanges:
- CME (Chicago Mercantile Exchange)
- CBOT (Chicago Board of Trade)
- COMEX (Commodity Exchange)
- NYMEX (New York Mercantile Exchange)
Examples of supported instruments include:
- Equity Futures: E-mini S&P 500 (ES), E-mini NASDAQ (NQ)
- Currency Futures: Euro FX (6E), British Pound (6B)
- Energy Futures: Crude Oil (CL), Natural Gas (NG)
- Metal Futures: Gold (GC), Silver (SI)
- Agricultural Futures: Corn (ZC), Soybeans (ZS)
Only these products are available for trading; no other markets or instruments are allowed.
What are the objectives of Tradeify’s evaluation?
The objectives for Tradeify’s Evaluation process include the following key goals:
- Profit Targets
- Minimum Trading Days
These objectives ensure traders demonstrate consistent performance, risk management, and profitability to qualify for a funded account.
1- profit target
At Tradeify, the Profit Target is the amount a trader must reach to pass the evaluation and qualify for funding. The targets vary based on account size:
- $50,000 account: $3,000 profit target
- $100,000 account: $6,000 profit target
- $150,000 account: $9,000 profit target
Once the profit target is met without violating the drawdown or other rules, the trader can progress to a Simulated Funded account.
2- Minimum Trading Days
At Tradeify, the Minimum Trading Days requirement is the number of days a trader must actively trade before qualifying for a payout or passing the evaluation. The minimum is 10 trading days.
This means traders must place at least one trade per day for 10 separate days, regardless of how quickly they meet the profit target. This rule ensures consistency in trading activity.
what are Tradeify’s Funded Accounts rules?
Tradeify’s Funded Accounts rules focus on maintaining disciplined and consistent trading practices. The key rules for Simulated Funded Accounts are:
- Consistency Rule: For Advanced and Growth accounts, no single day’s profit can exceed 35% of total profits during the payout period. For Straight to Sim Funded accounts, the limit is 20%. This rule ensures traders avoid large, unbalanced trades and promotes steady performance.
- Drawdown Limits:
- Advanced Accounts: Real-time intraday trailing drawdown applies.
- Growth and Straight to Sim Funded Accounts: End-of-Day trailing drawdown applies.
- Minimum Trading Days: Traders must trade for at least 10 separate days before they can request a payout, ensuring consistent trading activity.
- Payout Requirements: To qualify for a payout, traders must maintain a positive balance over the drawdown limit and meet the trading day and consistency requirements.
Here’s a comprehensive table summarizing the key rules for Tradeify’s Simulated Funded and Live Funded Accounts:
| Rule | Advanced Simulated Funded | Growth Simulated Funded | Straight to Sim Funded | Live Funded Accounts |
|---|---|---|---|---|
| Drawdown Type | Real-time Intraday Trailing | End-of-Day Trailing | End-of-Day Trailing | Trailing Drawdown from Simulated Account |
| Drawdown Limit | $2,000 for $50K, $3,000 for $100K, $4,500 for $150K | $2,000 for $50K, $3,500 for $100K, $5,000 for $150K | $2,500 for $50K, $5,000 for $100K, $7,500 for $150K | Same as Simulated Funded (final drawdown from that account) |
| Daily Loss Limit | None | $1,250 for $50K, $2,500 for $100K, $3,750 for $150K | $2,500 for $50K, $5,000 for $100K, $7,500 for $150K | None |
| Maximum Position Size | 5 contracts for $50K, 10 for $100K, 15 for $150K | 5 contracts for $50K, 10 for $100K, 15 for $150K | 5 contracts for $50K, 10 for $100K, 15 for $150K | Same as Simulated Funded Account |
| Consistency Rule | 35% of total profits max per day | 35% of total profits max per day | 20% of total profits max per day | None |
| Minimum Trading Days | 10 trading days | 10 trading days | 10 trading days | None |
| Payout | 100% of first $15K, then 90/10 split | 100% of first $15K, then 90/10 split | 100% of first $15K, then 90/10 split | Uncapped, same-day payouts with a $250 minimum |
This table provides a clear comparison of the rules for all funded account types at Tradeify.
Additional rules
Tradeify does not have identical additional rules as other prop firms. However, here are some relevant additional rules for Tradeify’s funded accounts:
- Trading Bots/Algos: Use of bots and algorithms is allowed under specific conditions. Traders must be the sole owner of the bot, and high-frequency trading (HFT) bots are not permitted. The bot should be used exclusively for the trader’s account, not across multiple firms.
- Weekly Trading Requirement: Traders are required to place at least one trade per week to keep their account active. If a trader cannot meet this requirement due to personal reasons, they must inform Tradeify in advance to avoid account suspension.
- Multiple Accounts: A maximum of five Simulated Funded Accounts can be active per household at any time. This includes all types of funded accounts.
- Microscalping: More than 50% of a trader’s profits must come from trades held for longer than five seconds to avoid being flagged for microscalping.
These additional rules help ensure fair trading practices, risk management, and account integrity within Tradeify’s funded accounts.
What are Tradeify’s Funded Accounts objectives?
Tradeify’s Funded Accounts objectives are designed to ensure traders demonstrate consistency, discipline, and risk management after passing the evaluation. The main objectives for the Simulated Funded Accounts are:
- Consistency: Traders must adhere to the Consistency Rule, which limits single-day profits to a percentage of the total accumulated profits. This ensures steady, disciplined trading rather than relying on one-off large trades.
- Advanced and Growth Accounts: 35% max per day.
- Straight to Sim Funded Accounts: 20% max per day.
- Drawdown Limits: Traders must avoid exceeding the trailing drawdown, which either updates in real-time or at the end of the day, depending on the account type. Violating the drawdown results in account failure.
- Minimum Trading Days: Traders need to trade for a minimum of 10 separate days before they can request a payout, ensuring consistent engagement in the market.
- Payout Requests: Traders must maintain their account balance above the trailing drawdown by a certain buffer to qualify for withdrawals, and meet the profit target established for their account.
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Here is a table summarizing the objectives for Tradeify’s Simulated Funded Accounts:
| Objective | Advanced Accounts | Growth Accounts | Straight to Sim Funded Accounts |
|---|---|---|---|
| Consistency Rule | No single day’s profit > 35% of total profits | No single day’s profit > 35% of total profits | No single day’s profit > 20% of total profits |
| Minimum Trading Days | 10 separate trading days required | 10 separate trading days required | 10 separate trading days required |
| Payout Requests | Must maintain balance above trailing drawdown with a $100 buffer | Same as Advanced | Same as Advanced |
Does Tradeify have a consistency rule?
Yes, Tradeify has a Consistency Rule for its funded accounts. The rule is designed to ensure that traders maintain steady, disciplined performance by limiting how much of their total profits can come from a single day’s trading.
- Advanced and Growth Accounts: No single day’s profit can exceed 35% of the total accumulated profits over the payout period.
- Straight to Sim Funded Accounts: No single day’s profit can exceed 20% of the total accumulated profits.
For example, if a trader’s biggest profit day in a Straight to Sim Funded account is $1,000, the total accumulated profits must be at least $5,000 ($1,000 ÷ 0.20) before they can request a payout. This rule resets after each approved payout.
The Consistency Rule ensures traders avoid relying on large, one-off trades and promotes sustainable trading habits.
Does Tradeify have a scaling plan rule?
No, Tradeify does not have a scaling plan rule. Their funded accounts operate based on fixed account sizes. There is no provision for automatic scaling of capital or account size based on performance, as seen in some other prop trading platforms.
what are Tradeify’s withdrawal/payout rules?
Tradeify’s withdrawal/payout rules are designed to ensure disciplined trading and adherence to the platform’s requirements before traders can withdraw profits. Below is a detailed breakdown of all the relevant withdrawal and payout rules at Tradeify:
- 1. Profit Split
- Traders keep 100% of the first $15,000 in profits.
- After $15,000, a 90/10 profit split is applied, meaning traders keep 90% of profits, and Tradeify takes 10%.
- 2. Consistency Rule
- To qualify for a payout, traders must adhere to the Consistency Rule:
- Advanced and Growth Accounts: No single day’s profit can exceed 35% of the total profits accumulated.
- Straight to Sim Funded Accounts: No single day’s profit can exceed 20% of total profits.
- To qualify for a payout, traders must adhere to the Consistency Rule:
- 3. Minimum Trading Days
- Traders must trade for at least 10 separate days before requesting the first payout or any subsequent payouts.
- 4. Account Balance and Drawdown Requirements
- Traders must have a balance that is at least $100 above the trailing drawdown limit to be eligible for a payout.
- The drawdown limit must be maintained until the payout request is approved.
- 5. Payout Schedule
- Payouts are processed twice a month, during two payout windows:
- 1st–4th of every month.
- 15th–18th of every month.
- Payout windows open at 8:59 a.m. EST on the first day of each window and close at 11:59 p.m. EST on the last day.
- Payouts are processed twice a month, during two payout windows:
- 6. Payout Minimums and Maximums
- Minimum withdrawal amounts:
- $500 for $50K accounts.
- $1,000 for $100K accounts.
- $1,500 for $150K accounts.
- Maximum payout amounts increase with each approved request:
- First payout: $1,500 for $50K, $2,000 for $100K, $2,500 for $150K.
- Payout amounts increase gradually, up to a maximum of $25,000 after the sixth payout.
- Minimum withdrawal amounts:
- 7. Withdrawal Requirements
- Consistency: Follow the Consistency Rule for each payout request.
- Minimum Trading Days: Trade for at least 10 days between each payout.
- Profit Days: At least 5 of the 10 trading days must show profits greater than $100.
- No Cancellation: Once submitted, a payout request cannot be edited or canceled.
- 8. Live Funded Accounts Payout Rules
- Once traders transition to Live Funded Accounts, payouts are uncapped and can be requested daily, with a minimum withdrawal amount of $250 per request.
- 9. Payout Processing
- Once a payout request is approved, the funds are withdrawn immediately from the account.
- Payments are issued within 24 hours after the withdrawal is processed.
- 10. Payment Method
- Payouts are processed via Rise Pay, which allows traders to transfer funds to a bank account or crypto wallet.
- 11. Payout After Multiple Withdrawals
- After 16 payouts from a Simulated Funded Account, traders are automatically transitioned to a Live Funded Account unless they reside in a restricted country.
Summary of Payout Windows:
| Payout Window | Start Date | End Date | Processing Time |
|---|---|---|---|
| 1st–4th | 8:59 a.m. EST | 11:59 p.m. EST | Within 24 hours |
| 15th–18th | 8:59 a.m. EST | 11:59 p.m. EST | Within 24 hours |
Is Tradeify a Regulated Company?
Tradeify, founded in 2022 by Brett Simba, is a proprietary trading firm based in Florida, USA. Like other prop firms, it operates by providing traders with access to simulated capital after passing an evaluation process, allowing them to trade futures contracts on indices, currencies, and cryptocurrencies. While Tradeify is a legitimate proprietary trading firm, it is not regulated like traditional financial institutions or brokers.
Though Tradeify itself is not subject to financial regulators like the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), it operates within a regulated ecosystem. Tradeify partners with trusted, regulated brokers such as Tradovate and NinjaTrader to facilitate trades, using these CME-approved data providers to ensure security and compliance. This structure means that while Tradeify is not directly regulated, it ensures that trading is executed within a framework supported by regulated entities.
Is Tradeify a Legit Company?
Tradeify, a proprietary trading firm founded in 2022 by Brett Simba, is considered legitimate. It holds a 4.6 TrustScore on Trustpilot based on over 50 reviews. Tradeify offers various account types, including Advanced, Growth, and Straight to Sim Funded, for trading on NinjaTrader and Tradovate. It enforces key trading rules like drawdown limits and the Consistency Rule. While some users note restricted trading options and withdrawal limits, most reviews highlight efficient payouts, clear rules, and responsive customer support, affirming Tradeify’s credibility.
Conclusion on Tradeify’s rules
At Trading Funder, we understand that Tradeify’s extensive rules may pose challenges for some traders, especially those who prefer more flexibility. The firm’s strict focus on risk management includes features like real-time intraday drawdown for Advanced accounts and end-of-day trailing drawdown for Growth and Straight to Sim Funded accounts, which can be difficult to navigate for traders used to more lenient setups. Additionally, Tradeify’s Consistency Rule—capping single-day profits at 35% for Advanced and Growth accounts and 20% for Straight to Sim Funded accounts—can limit a trader’s ability to capitalize on big market moves. While these rules are designed to promote disciplined trading, they can also create hurdles, particularly for those who are not accustomed to such tight restrictions. At Trading Funder, we advise traders to carefully consider whether these constraints align with their trading style before choosing Tradeify as their prop firm.
