Tradeify is a futures proprietary trading firm that offers traders the opportunity to trade simulated funds and earn payouts based on their performance. The firm provides three main account types: the Advanced Plan, the Growth Plan, and the Straight to Sim Plan. Each plan has its own unique rules, payout structures, and risk management parameters. This article will break down everything you need to know about Tradeify, focusing on the rules and policies surrounding these three account types.
1. Overview of Tradeify’s Account Types
Tradeify offers three primary account types, each designed to cater to different trading styles and risk preferences:
Advanced Plan: Features a real-time intraday trailing drawdown, which adjusts continuously throughout the trading day. This plan is ideal for traders who prefer a cheaper option as it does offer the cheapest costs out of all three plans.
Growth Plan: Utilizes an end-of-day trailing drawdown, which adjusts only at the end of the trading day. This plan offers more flexibility during the trading day, making it suitable for traders who hold positions longer.
Straight to Sim Plan: Also utilizes an end-of-day trailing drawdown. Allows traders to skip the challenge phase and start trading simulated funds immediately. This plan is perfect for experienced traders who want to begin earning payouts quickly.
2. Payout Policies
General Payout Guidelines
Traders receive 90% of any profits after receiving 100% of their first $15k.
Each account is treated independently, meaning you can withdraw from multiple accounts simultaneously, provided you meet the payout requirements for each.
Payout requests cannot be edited or canceled once submitted.
Payout Requirements
To qualify for a payout, your account must meet the following criteria:
Consistency Rule:
Advanced and Growth accounts must follow a 35% Consistency Rule.
Straight to Sim accounts must follow a 20% Consistency Rule.
This rule ensures that no single day’s profit exceeds the specified percentage of your total profits.
Minimum Days Traded:
10 Trading Days are required for the first withdrawal and between each subsequent payout request.
At least 5 of these days must show a profit greater than:
$150 for 50k accounts
$200 for 100k accounts
$250 for 150k accounts
Account Balance Needed:
You must reach and maintain at least $100 in profit over the Trailing Max Drawdown limit.
This balance must be maintained until the payout request is approved.
Payout Windows
Payouts are processed three times per month during the following windows:
1st~4th
11th~14th
21st~24th
Payout requests must be submitted during these windows, and payments are issued within 24 hours of approval.
3. Account-Specific Rules and Policies
Advanced Plan
Real-Time Intraday Trailing Drawdown: Adjusts continuously throughout the trading day.
Activation Fee: $125 (one-time fee).
Profit Target:
$3,000 for 50k accounts
$6,000 for 100k accounts
$9,000 for 150k accounts
Position Size:
5 contracts (50 micros) for 50k accounts
10 contracts (100 micros) for 100k accounts
15 contracts (150 micros) for 150k accounts
Growth Plan
End-of-Day Trailing Drawdown: Adjusts only at the end of the trading day.
No Activation Fee.
Profit Target:
$3,000 for 50k accounts
$6,000 for 100k accounts
$9,000 for 150k accounts
Daily Loss Limit (Soft Breach):
$1,250 for 50k accounts
$2,500 for 100k accounts
$3,750 for 150k accounts
Straight to Sim Plan
No Challenge Phase: Traders can start trading simulated funds immediately.
Consistency Rule: 20%.
Daily Loss Limit (Soft Breach):
None for 25k accounts
$1,250 for 50k accounts
$2,500 for 100k accounts
$3,750 for 150k accounts
Payout Profit Goals:
First payout
$1,500 for 25k accounts
$3,000 for 50k accounts
$6,000 for 100k accounts
$9,000 for 150k accounts
Second payout
$1,000 for 25k accounts
$2,000 for 50k accounts
$3,000 for 100k accounts
$4,500 for 150k accounts
Third payout (and beyond)
$1,000 for 25k accounts
$2,000 for 50k accounts
$2,500 for 100k accounts
$3,000 for 150k accounts
4. Risk Management and Drawdowns
Trailing Max Drawdown
Advanced Plan: Uses a real-time intraday trailing drawdown.
Growth Plan: Uses an end-of-day trailing drawdown.
Straight to Sim Plan: Also uses an end-of-day trailing drawdown.
Drawdown Lock
Drawdowns lock when profits exceed the drawdown limit by $100.
For example, in a 50k Advanced account with a $2,000 drawdown, the drawdown locks at $50,100 (trailing drawdown limit + $100). Otherwise, once the balance reaches $52,100.
5. Additional Rules and Policies
Consistency Rule
The Consistency Rule ensures that traders maintain steady performance by limiting the percentage of total profits that can come from a single day.
Advanced/Growth Accounts: 35% Consistency Rule.
Straight to Sim Accounts: 20% Consistency Rule.
Daily Loss Limit (DLL)
Applies to Growth and Straight to Sim accounts.
DLL is removed once the account reaches a certain profit level:
50k accounts: $3,000 profit
100k accounts: $6,000 profit
150k accounts: $9,000 profit
Hedging and Trading Micros/Minis
Hedging strategies and simultaneous trading of mini and micro contracts are prohibited.
Traders must trade independently and avoid strategies that obscure performance.
Bots and Algorithmic Trading
Bots and algorithms are allowed if:
The trader owns the bot/algorithm exclusively.
The bot is not used across multiple firms.
High-frequency trading (HFT) bots are prohibited.
6. Transition to Live Funded Accounts
Tradeify offers the opportunity to transition from Simulated Funded Accounts to Live Funded Accounts after achieving consistent performance. Key points include:
Traders can be moved to a Live Funded Account after completing 4 payouts from the same Simulated Funded Account.
A portion of the Simulated Funded Account balance is carried forward to the Live Funded Account, capped at 10% of the account size or the remaining profit balance of sim account - whichever is smaller.
Live Funded Accounts offer daily payouts and a clear path to scaling through Merit Accounts.
7. Merit Accounts
Merit Accounts are designed to reward consistent and profitable traders by providing additional funded accounts. Key features include:
Traders earn Merit Accounts by reaching $15,000 in profit across their Live Funded Accounts.
Each Merit Account comes with its own risk parameters and profit targets.
Traders can earn up to 5 Live Funded Accounts, including Merit Accounts.
8. Conclusion
Tradeify offers a structured and transparent environment for traders to grow their skills and earn payouts. Whether you prefer the strict risk management of the Advanced Plan, the flexibility of the Growth Plan, or the quick start of the Straight to Sim Plan, Tradeify provides a pathway to success. By adhering to the rules and maintaining consistent performance, traders can unlock the potential of Live Funded Accounts and Merit Accounts, scaling their trading capital and maximizing their earnings.