Tradeify: An In-Depth Review - Payouts, Rules, Guide, and Discount

Overview

Navigating the world of futures prop firms can be challenging, with various options promising funding for talented traders. Tradeify emerges as a contender, offering traders a path to potentially significant capital without risking personal funds upfront. This review dives deep into the Tradeify program, covering their evaluation rules, account options, payout policy, and overall structure to help you decide if it's the right trading prop firm for you.

Why Choose Tradeify?

Tradeify aims to partner with skilled traders, providing the capital and platform needed to potentially generate profits. They emphasize a process designed to verify a trader's skills, discipline, and risk management abilities before granting access to funded accounts. Key advantages highlighted include:

• Access to Capital: Opportunity to trade significant simulated or live funds provided by the firm.
• Minimized Personal Risk: Traders don't risk their own capital during the evaluation or when trading funded accounts.
• Support: The firm offers support to its traders.
• Transparent Rules: Clear guidelines and trading rules are provided.
• Competitive Profit Sharing: A model designed for mutual success, with traders keeping a significant portion of profits.

How the Tradeify Program Works

Tradeify offers a structured pathway for traders, typically involving several stages:

1. Challenge/Evaluation Phase ('Select' & 'Growth'): Traders start with a simulated account and must achieve specific profit targets while adhering to strict trading rules, particularly evaluation rules regarding drawdown. These accounts operate on a monthly subscription basis. The subscription renews automatically every 30 days unless manually canceled, and continues even if the account fails (resetting upon renewal if failed). Passing the challenge requires an active subscription.
2. Lightning (Direct Funding): This option bypasses the challenge phase, granting immediate access to a simulated funded environment. These are typically one-time fee purchases.
3. Simulated Funded Account: After passing a challenge (or starting with 'Straight to Sim'), traders move to a Simulated Funded Account. Here, they trade in a simulated environment but can earn real payouts based on their performance. This stage confirms consistency and adherence to funded account rules. The profit split in this stage is 90% for the trader. Drawdowns lock once a $100 buffer over the drawdown limit is reached.
4. Live Funded Account: Consistent, successful traders demonstrating adherence to the rules in the Sim Funded stage may be transitioned to a Live Funded Account, trading real capital provided by Tradeify. Tradeify reserves the right to move traders Live at any time after a successful payout, often assessed after the 4th payout  or upon reaching $80k in total payouts. A portion of the Sim Funded balance is carried forward. Live accounts have different payout structures and risk parameters, including potential access to Merit Accounts for scaling.

Upon signing up, traders receive login details via email or dashboard to access the Tradovate platform and begin.

Tradeify Account Options

Tradeify offers different account programs tailored to trader preferences, primarily differing in their drawdown calculation methods and associated fees.

• Select Challenge: Features a real-time, intraday trailing drawdown. This means the maximum allowed loss adjusts continuously based on the highest point the account balance reaches during the trading day. This encourages discipline but offers less flexibility for intraday fluctuations. Activation fees are currently waived across all plans ($0 to move to Sim Funded).
• Growth Challenge: Uses an end-of-day (EOD) trailing drawdown. The drawdown limit adjusts only based on the account balance at the market close (5:00 PM EST/EDT). This provides more flexibility during the trading day but carries a higher risk if positions move significantly against the trader by day's end. Growth accounts also have a Daily Loss Limit (DLL) which acts as a soft breach (pausing trading for the day) until certain profit thresholds are met. There is no activation fee for Growth Sim Funded accounts.
• Lightning (Direct Funding): Also utilizes an EOD trailing drawdown  and may have a Daily Loss Limit (except for the $25k account). This option bypasses the evaluation phase, allowing traders to start working towards payouts immediately, though subject to specific funded account rules, including a stricter Consistency Rule. These accounts typically involve a one-time purchase fee.

Rules of the Tradeify Program

Adhering to Tradeify's trading rules is crucial for passing evaluations and maintaining funded accounts. Key rules include:

• Trailing Max Drawdown: This is the maximum unrealized loss your account can sustain before being disqualified. As mentioned, 'Select' uses an intraday calculation, while 'Growth' and 'Lightning' use an end-of-day calculation. The drawdown limit trails (moves up) as your account balance increases but does not decrease if the balance drops. On Sim Funded Accounts, the drawdown locks in place once the account balance exceeds the initial drawdown limit plus a $100 buffer. Drawdowns do not lock during the Challenge phase.
• Daily Loss Limit (DLL) - Growth & Lightning: This rule limits the maximum loss allowed within a single trading day (6:00 PM to 5:00 PM EST/EDT). Hitting the DLL is a soft breach, meaning trading is paused for that day, but you can resume the next day if the Max Trailing Drawdown hasn't been hit. The DLL is removed permanently once certain profit targets are achieved in the funded stage. Using the DLL as a hard stop loss is discouraged due to potential slippage causing a max drawdown breach.
• Consistency Rule (Sim Funded Accounts Only): This rule applies only during the Sim Funded stage when requesting payouts. It ensures traders demonstrate steady performance rather than relying on a single large winning day.
  • Select/Growth: No single day's profit can account for more than 40% of the total profits accumulated between payouts.
  • Lightning: No single day's profit can account for more than 20% of the total profits accumulated between payouts.The rule resets after each approved payout.
• Position Size Limits: Each account size has a maximum number of contracts (minis) or micro-contracts that can be open simultaneously.
• Permitted Trading Times: All positions must be closed by 4:59 PM EST/EDT Monday through Friday. Trading can resume at 6:00 PM EST/EDT Sunday through Thursday. Holding positions overnight or over the weekend (swing trading) is not allowed. Open positions will be automatically closed by Tradeify if left open past the cutoff.
• Hedging & Micro/Mini Trading: Hedging (taking opposite positions in correlated instruments or the same instrument) is prohibited. Simultaneously trading mini and micro contracts of the same underlying asset is also not allowed, as it can inadvertently create hedges and complicates risk assessment. Violations can lead to loss of payout eligibility. Trade only one contract type (mini or micro) per instrument.
• News Trading: There are no specific rules against trading during news events, but traders do so at their own risk, being mindful of volatility and potential slippage.
• Trading Strategy Restrictions (Sim Funded):
  • Good Faith Policy: Strategies exploiting platform errors or price discrepancies are prohibited.
  • Bots/Algo Trading: Allowed only if you can prove sole ownership and exclusive use (not shared or used across multiple firms). High-Frequency Trading (HFT) bots are not permitted.
  • Microscalping: Trades held for less than 5 seconds are scrutinized. At least 50% of profits must come from trades held longer than 5 seconds. This is reviewed internally if flagged.
  • Account Idle Time: At least one trade must be placed per week (Mon-Fri) per account to remain active. Contact support if you need time off.
• Maximum Accounts: Users are limited to a maximum of 5 total Sim Funded accounts across all types (Select, Growth, Lightning).
• Evaluation Time Limit: There is no time limit to pass the Select or Growth challenges.

Best Practices to Pass Your Tradeify Evaluation

While Tradeify doesn't dictate specific strategies, success generally requires:

• Understanding the Rules: Deeply internalize the drawdown type (intraday vs. EOD), daily loss limits (if applicable), consistency rule (for payouts), and position sizing for your chosen account.
• Disciplined Risk Management: Avoid hitting the drawdown limit. Set personal stop losses well before the max drawdown threshold. Manage position size carefully. Respect the Daily Loss Limit if applicable.
• Consistency: Aim for steady progress rather than chasing huge single-day gains, especially considering the payout consistency rule.
• Strategy Adherence: Follow a well-defined and tested trading plan. Avoid emotional decision-making.
• Platform Familiarity: Be comfortable with the trading platform (Tradovate, NinjaTrader, TradingView).
• Patience: Since there's no time limit for challenges, focus on quality trades rather than rushing.

Payout Structure and Profit Sharing

Tradeify offers a 90% profit share to traders on payouts requested from Sim Funded accounts. Payouts are processed via Rise Pay  or Plane. Specific payout rules and requirements differ slightly between account types:

Common Payout Guidelines (All Sim Funded):

• Agreement: Must abide by the Tradeify Funded Trader Agreement.
• Independent Accounts: Each account is treated separately for payouts.
• Request Finality: Payout requests cannot be edited or canceled once submitted.
• Payout Windows: Requests can be made three times per month: 1st-4th, 11th-14th, and 21st-24th. Windows open at 8:59 AM EST/EDT and close at 11:59 PM EST/EDT on the respective days.
• Processing: Payouts are processed daily (including weekends/holidays). Funds are withdrawn immediately upon approval, and payment is issued within 24 hours.
• Trading During Request: You can still trade after submitting a request, but failing the account or falling below minimums before processing will deny the payout.

Payout Requirements ('Select' & 'Growth' Sim Funded):

• Consistency: Must meet the 35% Consistency Rule.
• Minimum Trading Days: 10 Trading Days are required for the first payout and between subsequent payouts. A trading day involves at least one trade placed between 6:00 PM and 5:00 PM EST/EDT the next day. The count resets after each payout.
• Minimum Profitable Days: At least 5 of the trading days must show a profit greater than $150 (50k), $200 (100k), or $250 (150k).
• Minimum Balance: Account balance must be at least $100 over the Trailing Max Drawdown limit at the time of request and maintained until approval. (e.g., $52,100 for a $50k Select account ).
• Payout Tiers (Min/Max):
  • Minimum Payout: $500 (50k), $1,000 (100k), $1,500 (150k).
  • Maximum Payout: Increases with each successful payout (up to the 6th), then capped at $25,000 per payout per account. See specific tiers in the Tradeify documentation.

Payout Requirements ('Lightning' Funded):

• Consistency: Must meet the stricter 20% Consistency Rule.
• Minimum Trading Days: 10 Trading Days required for the first payout and between subsequent payouts. Trading day definition  and reset logic  are the same.
• Payout Profit Goals: Traders must achieve specific profit targets between payouts. These goals reset after each payout. (e.g., $1,500 for first payout on $25k, then $1,000 for subsequent payouts ). See specific goals in the Tradeify documentation.
• Payout Tiers (Min/Max):
  • Minimum Payout: $1,000.
  • Maximum Payout: Depends on account size and payout number, capping after the 4th payout. See specific tiers in the Tradeify documentation.

Live Account Payouts: Payout structures change significantly for Live Funded accounts, involving splits for starting balance withdrawal (90/10)  and new profits (often 80/20  with portions potentially reinvested into Merit Accounts ). Daily payout requests are possible with a minimum of $250. Specific conditions apply for accessing the initial starting balance (e.g., 10 traded days, 5 profitable days > $200 for 50% access).

Final Thoughts

Tradeify offers multiple pathways for traders seeking funding, catering to different preferences regarding drawdown management (intraday vs. EOD) and evaluation processes (challenge vs. straight to funded). Their 90% profit split on Sim Funded accounts is competitive. The account rules, particularly regarding drawdowns, consistency for payouts, and permitted trading times, are crucial to understand and follow.

The transition pathway to Live and Merit accounts provides a scaling opportunity for consistently profitable traders. However, the rules, especially the consistency requirement and the different drawdown types, demand discipline and careful strategy management.

Take Your Prop Firm Trading Further

Passing evaluations and managing funded accounts takes discipline, precise execution, and strict risk adherence. Manual trading under pressure leads to emotional decisions and costly mistakes.

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