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Accounts Offered

Restricted Countries

you must be a resident of a country that is not on the Restricted Countries List. Some of the countries listed are Afghanistan, Albania, Algeria, Angola, Bahamas, Barbados, Belarus, Bosnia and Herzegovina, Botswana, Burma (Myanmar), Burundi, Cambodia and so on.
A full list you can find HERE

Consistency Rules

The Consistency Rule is a policy implemented by Tradeify to ensure that traders demonstrate consistent performance before they can withdraw their profits. This rule discourages risky trading strategies that aim for high profits in a short period of time. Instead, it incentivizes traders to develop and maintain a steady trading approach that generates consistent returns over time. By enforcing the Consistency Rule, Tradeify helps traders avoid the temptation of making impulsive decisions and blowing up their accounts.

The Consistency Rule requires traders to achieve a certain level of profitability over a set period of time. This is typically measured by the number of profitable trades and the overall return on investment (ROI). Once a trader meets the Consistency Rule requirements, they are eligible to request a payout.

The Consistency Rule is an important tool for managing risk and promoting sustainable trading practices. By discouraging risky behavior and encouraging consistent performance, the Consistency Rule helps traders protect their capital and achieve long-term success.

Advanced/Growth Sim Funded Accounts must follow a 35% Consistency Rule.
Straight to Sim Funded Accounts must follow a 20% Consistency Rule.

To calculate the balance required to meet the Consistency Rule, use the following formula:

Biggest End of Day PnL / Consistency % = Total Balance Needed

For example, if your biggest day’s profit is $1,000 and you must follow the 20% rule, the required total balance would be: $1,000 / 0.20 = $5,000.

Daily Loss Limit (DLL)

This rule applies to ‘Growth’ and ‘Straight to Sim Funded’ accounts on Tradeify. The DLL acts as a risk management tool by pausing your trading activity for the day once reached.

Here’s a breakdown of the DLL and its removal:

The DLL applies to ‘Growth’ and ‘Straight to Sim Funded’ accounts.
Once your daily losses reach the limit set by Tradeify, trading is paused for the remainder of the day.

The DLL restriction is lifted when your account reaches a specific profit target at the end of the trading day (EOD).
The profit targets required to permanently remove the DLL are:

No DLL for 25k accounts
$3,000 for 50k accounts
$6,000 for 100k accounts
$9,000 for 150k accounts

It’s important to note that the DLL removal only takes effect at the start of the next trading session.

Drawdown

Trailing drawdowns are a type of risk management tool used in trading. They adjust the drawdown limit upward as the account value increases, helping to lock in profits and manage risk.

There are two types of trailing drawdowns:
Intraday Trailing Drawdown and End of Day (EOD) Trailing Drawdown.

The Intraday Trailing Drawdown applies to Advanced Challenge accounts and adjusts the drawdown limit throughout the trading day as the account value increases. If the account value drops below the adjusted drawdown limit at any point during the day, trading is halted, and the account fails.

The EOD Trailing Drawdown applies to Growth Challenge and Straight to Sim Funded accounts and recalculates the drawdown at the end of each trading day based on the account’s performance. This rule is ideal for traders who want to hold trades until their full target or stop-loss is reached without intraday interference.

Both types of drawdowns lock on a Sim Funded Account when profits exceed the drawdown limit by $100. For example, in a $50,000 Sim Funded account with a $2,500 drawdown, once your profits reach $2,600, the drawdown locks at $50,100.

Drawdowns do not lock on challenges. For example, in a 50k Advanced account with a $2,000 drawdown, the drawdown will not lock.

Payout Policies

‘Advanced’ and ‘Growth’ Account

Structure:

Earn 90% of profits
Maximum 5 funded accounts per trader.

Requirements:

Consistency Rule: Adhere to the 35% Consistency Rule.
Minimum Trading Days: 10 profitable trading days with minimum profit targets based on account size.
Account performance is reviewed daily.

Key Notes:

Accounts are evaluated independently.
Payouts are based on individual trader performance, not per account

Recently Tradeify introduced Payout Profit Goals.
We personally are a big fan of this change. Several trader feel and think differently about this. Because they feel Tradeify goal is to make it hard to get the next payout.
But is it truly like this?

We don’t think so.

The ultimate goal for both Tradeify and aspiring traders should be the transition from simulated trading accounts to live funded accounts.

Unfortunately, many traders treat the prop firm system as a game, focusing on short-term gains and exploiting loopholes rather than developing sustainable trading strategies and building a profitable career. This “play-to-win” mentality often leads to:

Account Blowing: Traders aggressively pursue quick profits, leading to significant losses and account closure
Cycle of Failure: Repeatedly failing evaluations and restarting the process, hindering long-term growth and consistent profitability.

To truly succeed, traders must shift their focus:

Treat Trading as a Business: Develop a robust trading plan, adhere to risk management principles, and prioritize consistent, profitable performance.
Continuous Learning: Continuously analyze trades, identify areas for improvement, and adapt to market changes.
Long-Term Vision: Aim for sustainable growth and a consistent income stream, rather than quick wins.

Disclaimer: This is an opinion piece and does not reflect the official views of Tradeify or any other prop firm.