Tradeify Review & Discounts 2024
See the most recent Tradeify sales and promotions for November 2024 below.
The Big Advantage
- Start trading right away – no evaluation tests needed
What You Get
- Option for an Instant simfunded account
- Trade with big capital from day one
- Strong safety features to protect your trading
- 24/7 support when you need help
- Clear, easy-to-understand rules
- Good profit-sharing deals
- Run up to 7 accounts at once
The Bottom Line
Tradeify changes the usual prop firm approach. They trust skilled traders to perform well without making them pass tests first. You can show your trading skills right from the start.
- They respect your trading style
- They keep risk management simple
- They focus on building long-term partnerships
Tradeify Account Types
Straight to SimFunded
Tradeify takes a different approach to prop trading that sets them apart. Instead of making you pass tests or challenges, you can start trading right away with a simulated funded account.
They keep things safe with just two main rules: an end-of-day trailing drawdown to watch your losses, and a 20% consistency rule to encourage steady trading gains instead of risky moves.
The best part? There’s no waiting around or dealing with paperwork – you can focus on actual trading from day one. While you get the freedom to trade your way, their smart safety rules work quietly in the background to give you the best chance of success.
This makes Tradeify perfect for skilled traders who want to skip the usual prop firm hurdles and get straight to making money.
Tradeify Advanced Challenge Plan
Account Choices
$50,000
$100,000
$150,000
The Main Difference
These accounts track your losses in real-time throughout the day, not just at market close like regular accounts. This makes them more challenging. These accounts are more geared to beginners who have a less than consistent track record of success.
Why Choose These
Good for experienced traders
Start small with $50K or go big with $150K
Perfect for traders ready for the next level
Professional-style risk management
Upgrade as you get more confident
Bottom Line:
If you’re ready for a bigger challenge and stricter risk rules, these accounts let you trade larger amounts while keeping you in check with a trailing drawdown.
Tradeify Growth Challenge Plan
Account Choices:
- $50,000
- $100,000
- $150,000
The Big Advantage: Unlike Advanced accounts, these only check your losses at the end of each day – not during trading hours. This means more freedom while you trade with an end of day drawdown calculation.
Why Choose These:
- Trade more freely during the day
- No stress about minute-by-minute loss tracking
- Pick the size that matches your goals
- Focus on trading, not watching limits
Tradeify Trading Rules and Guidelines
Consistency Rule
You’ll want to get familiar with their consistency rules. Essentially, they’re looking for steady performers rather than one-hit wonders, and they’ve set up different thresholds depending on your account type.
Here’s how it breaks down: if you’re trading one of the advanced or growth accounts, you’ve got a bit more wiggle room with a 35% consistency rule. This means no single trading day can make up more than 35% of your total profits when you’re looking to make a withdrawal. It’s like they’re saying “sure, have your big wins, but keep them in check.”
Now, for the straight to simfunded accounts, they keep things a bit tighter with a 20% consistency rule. Think of it as a trade-off – you get to skip the evaluation phase, but you need to show more consistent results. No single day can account for more than 20% of your total profits.
The beauty of this setup is how it encourages smart, sustainable trading rather than gambling-style approaches. It’s kind of like they’re saying, “show us you can make steady gains rather than just getting lucky on one or two trades.”
For traders who love the thrill of big wins, this might take some adjustment. But here’s the thing – these rules actually help protect you from the temptation to overtrade or take excessive risks. It’s all about building those good trading habits that keep you in the game long-term.
- Although, Advanced and Growth SimFunded Accounts must maintain a 35% consistency rule, ensuring robust trading discipline
- While, Straight to Sim Funded Accounts operate under a more restrictive 20% consistency rule, limiting upside days.
Tradeify Daily Loss Limit
How It Works
Hit your daily loss limit? Trading stops for the day
They call this a “soft breach” – it’s not a complete failure
Come back fresh tomorrow (if you haven’t hit your max drawdown)
The Good Stuff
No penalties
No paperwork
Just take a break and start fresh next day
Tradeify keeps you safe with a smart daily loss limit system. Think of it as a friendly “time out” – if you hit your daily limit, you’ll need to stop trading for the day. The best part? They’re pretty chill about it. They call it a “soft breach,” and as long as you haven’t hit your maximum drawdown limit, you can start fresh the next morning with no penalties or extra steps. It’s like having a smart trading buddy who knows when to say “let’s call it a day” before things get worse.
This system helps protect you from those emotional trades on tough days while giving you another chance tomorrow.
Max Drawdown Calculation
Tradeify Intraday Trailing Drawdown (Advanced Challenge Accounts)
If you’re running an advanced challenge account, here’s what you need to know: your drawdown is being watched like a hawk, constantly calculated in real-time throughout your trading day.
- As a results, calculated continuously throughout the trading day in real-time
- Then Adjusts upward as the account value rises
Tradeify End of Day (EOD) Trailing Drawdown (Growth and Straight to SimFunded Accounts)
Now here’s where things get more relaxed. With these accounts, tradeify only checks your drawdown when the trading day wraps up. It’s like having your report card checked once a day instead of being graded on every answer. Your drawdown limit can still climb with your successes, but it won’t drop if you have a rough day. And just like the advanced accounts, it locks in when you’re $100 over your drawdown limit.
- As a bennefit, it recalculated at the end of each trading day
- Then adjusts upward if the account increases, remains unchanged if it decreases
- And locks when profits exceed the drawdown limit by $100
Think of it this way – advanced accounts are like trading with a real-time coach watching every move, while growth and straight to funded accounts give you more breathing room during the day. Most traders prefer the end-of-day evaluation style.
The beauty is you can choose which style matches your trading personality. Are you the type who take smaller trades and doesn’t let them run? Go advanced. Prefer more flexibility during your trading day? The growth or straight to funded route might be your sweet spot.
Permitted Trading Times
Think of 4:59 PM Eastern as your daily deadline – it’s non-negotiable. All your positions need to be closed out by then, no exceptions. It’s kind of like a trading curfew – you don’t want to be caught with open positions when the clock strikes 4:59 PM.
But here’s the good news – you’re not done for the day if you don’t want to be. Trading kicks back into gear at 6:00 PM Eastern Monday through Thursday, plus you’ve got those Sunday evening sessions to get a jump on the week. It’s like having two trading days in one, just with a forced break in between.
One thing that’s crystal clear though – swing trading is a no-go. If you’re the type of trader who loves holding positions overnight, you’ll need to adjust your strategy. Tradeify keeps things strictly intraday, which means every position needs to be squared away before that 4:59 PM cutoff.
News Trading
Yes, you can trade during big news events!
This is rare – many other firms don’t allow it
What You Can Trade:
NFP (Non-Farm Payrolls)
FOMC announcements
Any other market-moving news
Here’s something cool about Tradeify – they let you trade during major news events, which many other prop firms don’t allow. You can jump in during NFP Fridays, FOMC meetings, or any other big market news. They trust you to make your own choices instead of blocking you out during these exciting times. Just remember to be smart about it – news trading can be like riding big waves, thrilling but risky. Your usual account rules (like drawdown limits) still apply, so size your trades carefully during these volatile times.
If you know how to handle news trading, this freedom could give you a real edge.
Tradeify Payout Policies
Payout Tiers (Straight to SimFunded)
Payout # | $50k Account | $100k Account | $150k Account |
1-3 | $2,000 | $2,500 | $3,000 |
4+ | $2,500 | $3,000 | $3,500 |
Straight to SimFunded Account Payout Policy
No single day can make more than 20% of your total profits
How Much You Keep:
First $15,000: You keep 100%
After $15,000: You keep 90%
Extra Perks:
The $15,000 limit is per trader, not per account
Run up to 7 accounts at once to earn more
Getting Your Money:
Need at least $1,000 to withdraw
Request payouts during these times only:
1st to 4th of the month
15th to 18th of the month
Tradeify keeps their withdrawal rules simple and clear. The main thing to remember is the 20% rule – no single trading day can make up more than 20% of your total profits when you want to withdraw. You’ll need at least $1,000 to make a withdrawal, and you can only request your money during two windows each month: either the 1st-4th or the 15th-18th.
That’s all there is to it – just trade consistently, build up your profits to at least $1,000, and plan your withdrawals during these specific dates.
Advanced and Growth Account Payout Policies
Payout Tiers (Advanced and Growth)
Payout # | $50k Account | $100k Account | $150k Account |
1 | $1,500 | $2,000 | $2,500 |
2 | $1,750 | $2,500 | $3,000 |
3 | $2,000 | $3,000 | $3,500 |
4 | $2,250 | $3,500 | $4,000 |
5 | $2,500 | $4,000 | $4,500 |
6 | $3,000 | $5,000 | $5,500 |
Advanced And Growth Account Payout Policy
How Much You Keep:
First $15,000: You keep 100%
After $15,000: You keep 90%
Extra Perks:
The $15,000 limit is per trader, not per account
Run up to 7 accounts at once to earn more
Getting Your Money:
Wait at least 10 trading days between payouts
Make $100+ profit on at least 5 of those days
Request withdrawals only during these times:
1st to 4th of the month
15th to 18th of the month
Tradeify offers one of the top profit-sharing deals around. You keep all profits up to your first $15,000, then 90% after that – and this limit applies to you as a trader, not each account. Better yet, you can run up to 7 accounts at once to maximize your earnings.
To get paid, you’ll need to trade for at least 10 days and show good profits ($100+) on at least 5 of those days. Withdrawals happen twice a month: either the 1st-4th or 15th-18th. This setup rewards both big profits and steady trading, letting you focus on what matters – making money.
Live Funded Accounts
After you’ve completed 8 successful payouts from your simfunded account, you’ve got options. You can either keep rolling with your sim account, or here’s where it gets exciting – make the jump to a live funded account.
Live funded accounts come with some perks:
- Want your money same day? Done. Just need to hit that $250 minimum
- Say goodbye to daily loss limits and consistency rules
- Just keep your balance above zero and you’re golden
Here’s a cool twist – tradeify might actually tap you for a live account after just 3 payouts if they like what they’re seeing. Just remember, you can only run one live account at a time.
Think of it like graduating from trading school – you’ve proven yourself in the sim world, and now you get to trade with fewer restrictions. For many traders, this is the dream scenario they’re working toward.
That’s the whole story on live accounts – nail those payouts in your sim account, and you could be trading with fewer rules and faster access to your profits.
Tradeify Supported Platforms and Products
Trading Platforms at Tradeify:
- Tradovate:
- Great charts
- Fast trading tools
- Trade from anywhere (cloud-based)
- TradingView:
- Professional analysis tools
- See all markets easily
- User-friendly design
- NinjaTrader:
- Advanced order tools
- Customize your setup
- Powerful charts and scripts
Check here for updated platform connections.
Supported Trading Products
Major Exchanges:
CME (Chicago Mercantile Exchange)
COMEX (Commodity Exchange)
NYMEX (New York Mercantile Exchange)
CBOT (Chicago Board of Trade)
Coinbase Derivatives (for crypto)
What You Can Trade:
Stock Indexes (Equity Futures)
Currencies (Forex)
Agriculture (Commodities)
Energy (Oil and Gas)
Metals (Gold, Silver, etc.)
Micro Futures (Smaller sizes)
Cryptocurrency
Tradeify gives you access to all the major exchanges – CME, COMEX, NYMEX, CBOT, and Coinbase Derivatives for crypto. You can trade just about everything: from stock market futures to currencies, from agricultural products to oil and gas, plus metals and crypto.
They even offer micro futures if you want to trade with smaller position sizes.
Trading as a Company/LLC
Two Account Types:
Personal Account
Business Account
The Differences:
Both trade exactly the same way
Personal Accounts: Standard ID checks (KYC)
Business Accounts: Business verification (KYB)
Tradeify lets you open either a personal or business account – both work the same way when it comes to trading. The main difference shows up when you want to get paid: personal accounts need regular ID verification (KYC), while business accounts need company paperwork (KYB). Pick the type that matches how you want to receive your profits – either as an individual or through your business.
Both types follow proper security checks while keeping things straightforward.
Tradeify Trustpilot Review Aggregation
Tradeify Overall Trustpilot Rating Distribution
Themes and Statistics
5 stars: 50 traders (94.3%)
4 stars: 2 traders (3.8%)
2 stars: 1 trader (1.9%)
1 star: 2 traders (3.8%)
Overall rating: 4.81 out of 5 stars
98.1% gave 4 or 5 stars
Most traders love it
Traders really seem to love Tradeify, and the numbers prove it. Out of all reviews, a whopping 94.3% (50 traders) gave it perfect 5-star ratings, while another 3.8% (2 traders) gave it 4 stars. Only three traders gave lower ratings: one 2-star and two 1-star reviews. This adds up to an impressive 4.81 out of 5 stars overall, with 98.1% of traders rating it 4 stars or higher.
These strong numbers suggest most traders are very happy with what Tradeify offers.
Platform and User Experience
What Traders Say About Tradeify’s Platform:
The Numbers Show:
13.2% specifically praised how easy it is to use
9.4% loved the dashboard and account tools
What This Means:
Traders find it easy to navigate
Tools are straightforward to use
Focus on trading, not fighting with software
When traders talk about Tradeify’s platform, they often mention how user-friendly it is without being asked. About 13.2% of users went out of their way to praise how easy it is to use, while 9.4% specifically mentioned loving the dashboard and account management tools. What’s interesting is that traders brought these points up on their own – they weren’t specifically asked about the platform’s design.
This suggests Tradeify has done a good job making their platform simple to use while keeping all the powerful features traders need. The result? Traders can focus on making money instead of figuring out how to use the software.
Payout Experiences
The Numbers Show:
7.5% of traders praised easy payouts
5.7% specifically mentioned fast payment speed
Why This Matters:
Tradeds get their money without hassle
Payments are processed quickly
No long, frustrating waits
The numbers tell a strong story about Tradeify’s payouts. Without being asked, 7.5% of traders went out of their way to say how smooth the payout process is, while 5.7% specifically praised how quickly they got their money. This might seem like small numbers, but they’re actually impressive because these traders volunteered this feedback on their own. In the prop trading world, where getting paid can sometimes be a headache, Tradeify stands out for making the process quick and easy.
They seem to understand a simple truth: when traders make money, they shouldn’t have to wait forever to get it.
Funding Options: What makes Tradeify Different
The Numbers Show:
15.1% love the no-test, instant funded accounts
7.5% praised having different account sizes to choose from
Why Traders Like It:
Skip the usual tests and challenges
Choose the account size that fits you
Works for different trading styles
Tradeify is changing how prop firms work, and traders are noticing. A significant 15.1% of traders specifically praised being able to start trading right away without passing tests first. Another 7.5% loved having different account sizes to choose from. These numbers show that Tradeify has found a better way – instead of making everyone jump through the same hoops, they let traders pick what works best for them.
Whether you’re just starting out or you’re an experienced trader, you can choose an account size that matches your style and start trading right away.
Trading Rules: What Traders Think About Tradeify's Rules
The Numbers Show:
9.4% love the flexible trading rules
3.8% specifically praised being able to trade during news
Why This Matters:
Freedom to trade your way
Can trade during big news events
Smart safety rules without too many restrictions
Traders are speaking up about Tradeify’s approach to rules, and the feedback is positive. Nearly 10% of traders specifically mentioned loving the flexible trading rules, while 3.8% were excited about being able to trade during news events – something many other prop firms don’t allow. This shows Tradeify has found the sweet spot: keeping enough safety rules to protect everyone, but not so many that they get in the way of good trading.
Unlike firms that pile on restrictions, Tradeify lets traders focus on what matters – making profitable trades, even during big market news, while still having sensible risk limits.
What Traders Say About Tradeify's Trading Platforms:
The Numbers Show:
5.7% specifically praised using Tradovate and TradingView
Why This Matters:
Use platforms you already know
No need to learn new software
Get trading faster
When it comes to trading platforms, Tradeify made a smart choice that traders appreciate. About 5.7% of traders went out of their way to praise being able to use Tradovate and TradingView. While this might seem like a small number, it’s significant because traders mentioned this without being asked. Instead of forcing traders to learn a brand new platform, Tradeify lets them use tools they already know and trust.
This means you can start trading right away using familiar software, rather than wasting time figuring out a new system.
Conclusion on Tradeify
Tradeify: #2 Ranked Prop Firm in 2024
Why They Stand Out:
98.1% of traders are happy with them
Start trading right away – no tests needed
Fast payouts
Great support team that knows trading
Works with popular platforms (Tradovate and TradingView)
Top Features:
Customer Support:
Quick responses
Staff who understand trading
Actually helpful answers
No Testing Required:
Start with funded account right away
PropPlus program for qualified traders
Trading Tools:
Use Tradovate or TradingView
Professional-grade platforms
Money Matters:
Quick payouts
Fair prices
Discounts with code “PropPlus”
Tradeify has earned its spot as 2024’s #2 prop firm with an impressive 98.1% satisfaction rate. What makes them special? They let qualified traders skip the usual tests and start trading funded accounts right away. Their support team actually knows trading (a rare find!), and they work with platforms traders already know and trust like Tradovate and TradingView. Plus, they handle the important stuff well – like getting you your money quickly and keeping prices fair (especially with their PropPlus discount code).
Whether you’re new to prop trading or experienced, Tradeify offers a solid mix of freedom and support that’s hard to beat.
Tradeify Key Takeaways
- Payouts are capped after a certain number of withdrawals
- Withdrawals can take some time to process
- Strict payout rules and timelines
- Straight to simfunded account option
- Multiple Evaluation choices to accommodate various trading styles
- Flexible trading environment without restrictions on trading news
- Transparent rules and easy to understand process
- Clear path to a live funded account
- No consistency rule on live funded accounts
- 100% profit split of the first $15,000, then 90/10 after
- Trade up to 7 simulated funded accounts simultaneously
- Same day payouts on live funded accounts
Tradeify Current Discounts/Coupon Codes
Coupon Product(s) Discount Start End
PropPlus Straight to Funded 40% 11/18/2024 12/01/2024
PropPlus Advanced & Growth 50% 11/18/2024 12/201/2024
Tradeify Restricted Countries
Afghanistan, Albania, Algeria, Angola, Bahamas, Barbados, Belarus, Bosnia and Herzegovina, Botswana, Burma (Myanmar), Burundi, Cambodia, Central African Republic, Côte d’Ivoire, Crimea, Cuba, Democratic Republic of Congo, Ecuador, Ethiopia, Ghana, Iceland, Indonesia, Iran, Iraq, Jamaica, Kosovo, Laos, Lebanon, Liberia, Libya, Mauritius, Mongolia, Montenegro, Nicaragua, North Korea, Pakistan, Panama, Papua New Guinea, Russia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, Vietnam, Venezuela, Yemen, and Zimbabwe.
The following countries (by residency) are eligible to purchase an evaluation account with Tradeify but will not be eligible for a Live Funded Account. They will remain on a Sim Funded account for the duration of their contract with Tradeify.
Note: Countries in bold indicate no eligibility for Live Funded status by both citizenship and residency.
Antarctica, Bulgaria, Burkina Faso, Cameroon, Canada (Only Ontario. See this link from Tradovate for more details.), China (Possible exception after AML review), Croatia (Hrvatska), Gibraltar, Haiti, Hong Kong (Possible exception after AML review), Jordan, Kenya, Lebanon, Monaco, Morocco, Mozambique, Myanmar, Namibia, Nigeria, Philippines, Qatar, Republic of North Macedonia, Romania, Senegal, Serbia, Slovenia, South Africa, South Korea, Tanzania (United Republic of), Turkmenistan, and United Arab Emirates.
Tradeify Commission Comparison
| ROUND TRIP | E-mini Micros | Equity Futures | Currency Futures | Ag Futures | Energy Futures | Metals Futures | Crypto Futures |
|---|---|---|---|---|---|---|---|
| TakeProfit Trader | 0.5 | 5 | 5 | 5 | 5 | 5 | N/A |
| BluSky Trading | 1 | 4 | 4 | 4 | 4 | 4 | N/A |
| The Trading Pit | 1 | 3.8 | 4.44 | 5.3 | 4.24 | 4.34 | 6.24 / 1.02 micros |
| Apex (Rithmic) | 1.02 | 3.98 | 4.72 | 5.58 | 3.96 | 4.62 | 5.52 |
| Apex (Tradeovate) | 1.04 | 3.1 | 3.54 | 4.54 | 3.34 | 3.54 | 5.34 |
| Elite Trader Funding | 1.12 | 4.08 | 4.72 | 5.62 | 4.52 | 4.62 | 13.52 / 11.52 |
| TickTick (Rithmic) | 1.2 | 5 | 5 | 5 | 5 | 5 | N/A |
| TickTick (CQG) | 1.2 | 5 | 5 | 5 | 5 | 5 | N/A |
| Bluenox | 1.22 | 4.18 | 4.72 | 5.72 | 4.52 | 4.62 | 5.52 |
| My Funded Futures | 1.24 | 3.8 | 4.44 | 5.3 | 4.24 | 4.34 | 6.24 / 1.04 micros |
| TickTick (Tradeovate) | 1.54 | 4.48 | 4.48 | 4.48 | 4.48 | 4.48 | N/A |
| TradeDay | 1.54 | 4.68 | 5.12 | 6.12 | 4.92 | 5.12 | N/A |
| Uprofit | 1 | 5 | 5 | 5 | 5 | 5 | N/A |
| Tradeify | 1.74 | 5.68 | N/A | 7.12 | 5.32 | 6.12 | N/A |
How We Determine The Best Firms
In our comprehensive reviews of proprietary trading firms, we evaluate a wide range of factors to provide traders with a complete picture. We start by examining the company’s background, including its founding, leadership, and overall reputation in the industry. We then delve into the account types and sizes offered, along with the specific evaluation processes and trading conditions.
This includes analyzing profit targets, drawdown rules, and any restrictions on trading hours or instruments. We closely examine the profit-splitting structure, payout speeds, and withdrawal policies, as well as any commissions charged. The pricing model for both evaluation and funded accounts is scrutinized, including any additional fees for data feeds or platforms. We assess the trading platforms supported, any educational resources provided, and the quality of customer support. Scaling opportunities and unique features that set each firm apart are highlighted.
We also consider the overall user experience, the company’s transparency in its rules and risk disclosures, and the firm’s reputation among traders, often referencing Trustpilot scores or other review aggregators.
Our reviews aim to give traders a thorough understanding of what each prop firm offers, enabling them to make informed decisions based on their individual trading needs and preferences.
Top Trading Tools of 2024
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