Tradeify Review 2024

Overview

Tradeify provides talented traders with the opportunity to generate profits after passing an evaluation process. This process is designed to ensure that traders have the necessary skills, discipline, and risk management abilities. 

With the 'Advanced' And 'Growth challenges you'll start with a simulated account to meet specific profit targets while adhering to Tradeify risk management rules. Once you pass this challenge stage, you'll be able to generate real profits in a simulated environment to confirm consistency. 

Successful traders are then granted access to a live account funded by Tradeify, where they can trade with real money and share in the profits.

With Tradeify 'Straight to Funded' challenges provide you with a simulated funded environment straight away to start generating profits and confirm your consistency as a trader.

Tradeify offers competitive advantages such as access to significant capital, minimized personal financial risk, and support. With rules and competitive profit-sharing model are designed to help you succeed, allowing you to use your own strategies while ensuring risk management. With Tradeify, you're not just trading, you're building a partnership based on trust and shared success.

Which Plan is Right for You?

When deciding between Tradeify account offerings, a key factor is whether you prefer an end-of-day or real-time trailing drawdown.

'Advanced' accounts feature a real-time trailing drawdown, while 'Growth' and 'Straight to Sim Funded' accounts use an end-of-day trailing drawdown. Here's a quick breakdown of the differences:

Real-Time Intraday Trailing Drawdown

Definition: Adjusts continuously throughout the trading day as your account balance fluctuates.

• Definition: Adjusts only at the end of the trading day based on your highest balance.

• Pros: Encourages disciplined trading by tracking losses in real-time and helps protect against large intraday losses.

• Cons: Less flexibility, as intraday losses can impact your drawdown limit, potentially leading to earlier account closure.

Which to Choose?

• End-of-Day Trailing Drawdown: Ideal for traders who value flexibility and are confident in managing positions throughout the day.

• Real-Time Trailing Drawdown: Best for those who prioritize strict risk management and want immediate feedback on their drawdown status.

What is a Reset and How Does it Work?

If you break a rule and fail a challenge, you can reset your account at any time. Simply purchase reset credits, reset your account from your dashboard, and try again. Don't forget - you have to apply the reset credit in order to use it.

There is no reset option for Straight to Sim Funded accounts - you will need to purchase a new account instead.

Is There a Time Limit for Challenges?

There is no time limit to complete an Advanced or Growth Challenge. We encourage traders to take their time, lock in gains each day and manage their accounts effectively.

Rules: Daily Loss Limit

The Daily Loss Limit applies to our Growth Challenge and Straight to Funded accounts.

Once reached, trading is paused for the day to manage risk. This is a soft breach, meaning you can resume trading the next day if you haven't hit your Max Trailing Drawdown

Key Benefits

• Discipline: Encourages structured trading practices.

• Risk Management: Protects gains and account longevity.

• Emotional Control: Prevents emotional decisions after significant losses.

Example:

• Starting balance: $100,000

• Daily Loss Limit: $2,500

• If losses hit $2,500, trading stops. However, if your EOD trailing drawdown is only $2,000 away, reaching that point will result in a hard fail.

What are the Permitted Times to Trade?

To pass the Tradeify challenges and for Tradeify funded traders, all positions must be closed by 4:59 PM Eastern Time Monday through Friday, before the market closes. Holding positions after the market has closed is prohibited.

Trading can resume when the market reopens at 6:00 PM Eastern Time Monday through Thursday and on Sunday evening.

Any open positions while the market is closed will result in a rule violation for both the Tradeify Challenge and the Funded Trader program.

Additionally, on holidays when the market closes at different times, all positions must still be closed before the market closes.

What is a Simulated Funded Account?

A Simulated Funded Account is a type of trading account designed to replicate the conditions of a live trading environment but without using actual capital. When you’re a newly funded trader, transitioning to live trading can be challenging, and a Simulated Funded Account allows you to gain experience and build confidence in a real-time setting. This account lets you continue trading with the same level of intensity as a live account while giving you the opportunity to demonstrate consistency in your trading performance.

How Does it Work?

In a Simulated Funded Account, your trades mirror what would happen in the live markets, but your profits and losses are not real. This setup gives you the chance to practice your strategies and manage risks as if you were trading with real money. The profits you generate in the Simulated Funded Account can still lead to actual payouts, allowing you to earn while you hone your skills.

What’s the Purpose?

The primary goal of the Simulated Funded Account is to provide a buffer period where you can adapt to the psychological and strategic demands of live trading. It helps bridge the gap between being a successful evaluation trader and becoming a consistent performer in live markets.

Monitoring and Evaluation

Throughout your time in the Simulated Funded Account, our risk managers will closely monitor your trading activity. They assess your ability to follow trading rules, manage risk, and maintain consistency. Once you demonstrate that you can trade successfully within the parameters of the Simulated Funded Account, you may be transitioned to a full live trading account where you’ll trade with real capital.

How Do Simulated Funded Account Profit Shares Work?

The first $15,000 you earn is yours to keep with no profit share to Tradeify. After that, Tradeify will take a 10% commission on all withdrawals.

Example:

If you've already withdrawn $14,000 and your next approved payout is $2,000:

• You will receive $1,900.

• The first $1,000 is paid at 100%, and the remaining $1,000 is paid at 90%.

• $1,000 + $900 = $1,900.

Trading Platforms & Products

Access Full Performance Analytics in Tradovate

Tradeify is in the process of integrating trader account analytics into its dashboard, with exciting features expected to roll out in the coming months. In the meantime, traders can access their analytics directly within Tradovate.

To do this login to your Tradovate account. On the right hand side you should see 'Reports':

When in 'Reports' under the 'Performance' tab you can select your date range and click 'go'.

Below is an example of the analytics you can receive for your account.

How can I get access to L2 and EUREX data subscriptions?

When you purchase an account with Tradeify you will get L1 data access as standard with your account.

Some users may want to upgrade their data subscription to include L2 data or EUREX. To do this Visit 'Account Settings' within your Tradovate login and select 'Subscriptions'.

Here you can select the type of subscription you would like to purchase and you will be billed directly with Tradovate by simply clicking "Update Subscription" on the bottom.

How Do I Start Trading?

Once you have signed up to a challenge you will be sent to the following page:

If you click on 'Go to Dashboard' you will see your Tradovate login details to begin trading:

Click 'Start Trading', use the Username and Password and follow the instructions from Tradovate.

How Do I Trade with NinjaTrader?

Before starting, make sure you have logged in to https://trader.tradovate.com/welcome with the user credentials provided on your Tradeify User Dashboard and signed their Non-Professional Data Agreement.

Note that after you watch and complete the below, you may need to wait up to 15 minutes before logging into NinjaTrader to receive your Live Market Data and approval. https://youtu.be/n6LuN0rATtw

How Do I Trade with TradingView?

Before starting, make sure you have logged in to https://trader.tradovate.com/welcome with the user credentials provided on your Tradeify User Dashboard and signed their Non-Professional Data Agreement.

A trader can use TradingView to log in to their Tradovate account by following these steps:

1. Activate TradingView Add-On: Login to https://trader.tradovate.com/welcome with your TDY credentials and click application settings on the top right. Then click add-ons and select tradingview for free.

2. Connect Accounts: Open TradingView and go to the "Broker" section. Find and select Tradovate from the list of supported brokers.

3. Log In: A login window will appear, prompting you to enter your Tradovate account credentials.

4. Authorize Access: After entering your credentials, authorize TradingView to access your Tradovate account.

5. Start Trading: Once connected, you can use TradingView’s interface to view charts, place orders, and manage your Tradeovate account directly from TradingView.

Supported Platforms

Users are currently allowed to trade on:

• Tradovate
  TradingView
  
  Follow this guide to connect to TradingView.

• NinjaTrader (use the provided Tradovate credentials)
  
  Follow this video guide for help with connecting NinjaTrader.
  
  Do not forget that YOU MUST login to https://trader.tradovate.com/welcome and sign your NON-PROFESSIONAL Data Agreement before trading with NinjaTrader, else your Market Data will be delayed.

Support for Rithmic and QuantTower are on our development roadmap, but Tradeify do not have an estimate for when that will be made live.

Trading Commission Fees

Yes, you can find the amount per instrument at the link below.

Keep in mind this is using the Free membership in the columns displayed.

https://www.tradovate.com/TradovateAllInRates050124.pdf

Advanced/Growth Accounts

Advanced/Growth Challenge account rules and funded payout policies.

Advanced Challenge Accounts

Tradeify offers 'Advanced' challenge accounts with account sizes of $50k, $100k & $150k. The rules for the challenge are stated in the table below.

The advanced challenge uses an Intraday real-time trailing drawdown, this drawdown is calculated continuously throughout the trading day in real-time. 

The benefit of this is that for disciplined traders the intraday trailing drawdown can protect you from significant losses during the day and encourages you to lock in profits.

After passing an 'Advanced' challenge account, you will be able to move to a simulated funded account where you can trade towards receiving payouts from your account! The activation fee for our 'Advanced' accounts is a one time fee of $125.

Growth Challenge Accounts

Tradeify offers 'Growth' challenge accounts with account sizes of $50k, $100k & $150k. The rules for the challenge are stated in the table below.

The growth challenge uses an end of day trailing drawdown, this drawdown is calculated and changed based on the account balance at the end of the trading day. 

The 'Growth' challenge accounts offer more flexibility during the trading day. Intra-day fluctuations won’t affect the drawdown level, allowing you to hold positions with less risk of hitting the drawdown limit due to temporary losses.

These accounts also do not come with any activation fee.

Advanced and Growth Account Payout Policies

Traders are able to receive 100% of their first $15,000 in profits per sim funded account they request a payout for, and 90% of the profit over that amount. Traders can have a maximum of 5 SIM FUNDED ACCOUNTS.

In order to request a payout:

Account must have reached and maintained at least $100 in profit over the trailing drawdown limit.If you have a funded $50k account and the balance reaches the minimum required balance of $52,100 to request a payout, you can request up to a $1,500 payout. This leaves your remaining balance at $50,600. Remember, in this example, your balance cannot go below $50,100 without "failing" the account.
You ARE able to take out that amount, but you would leave yourself with $500 in drawdown room.

• You must trade a minimum of 10 separate days for your first withdrawal and from request to request. If the minimum days are not met by the end of the current pay period, then a payout may be requested the next period once the minimum days have been met.
  A trading day is counted as at least one trade placed from 6pm EST- 5pm EST the next day.

• 5 or more of the minimum trading days must show a profit greater than $100.

• Abide by a 35% consistency rule.

• Payout approvals require you to abide by the Tradeify Trader Agreement.

Payouts can be requested twice per month:

1st~4th of every month

• 15th~18th of every month

• Once your payout status is changed to APPROVED, your funds are immediately withdrawn from your account. After withdrawal, payments will be issued within 24 hours.

When you request a payout you can immediately start trading. If you fail your account or fall below the minimum thresholds for a payout, you will be denied.

Once you submit a request for a payout you cannot edit it or cancel it after.

The maximum payout is dependent on the approved payout request number, see table below:

Each subsequent payout after the 6th can be any amount up to $25,000 per account.

The minimum payout amounts are:

• $500 for $50k accounts

• $1,000 for $100k accounts

• $1,500 for $150k accounts

Each account you have counts as its' own account. You are able to withdraw according to the above schedule, if you abide by the rules, for EACH account.

Tradeify reserves the right to move you to a Live Funded Account at any time after your third successful payout from the same account. Tradeify will contact you via email regarding this decision.

If you request 16 payouts from the same account, you will be automatically transitioned to Live Funded Account.

Rules: Consistency Rule

The Consistency Rule requires traders to demonstrate consistent performance before requesting a payout. 

Specifically, no single day’s profit should exceed a specified percentage of the trader’s total profits over a given period. This rule encourages disciplined and steady trading behavior.

• 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.

Here’s a sample chart using the same 20% rule, showing when an account is in line with the rule (green) and when it is not (red):

Why is the Consistency Rule Important?

Implementing the Consistency Rule is crucial for several reasons:

• Performance Stability: The rule encourages consistent performance, reducing the likelihood of erratic profit spikes.

• Discipline: It ensures traders maintain a steady approach and avoid taking excessive risks in pursuit of quick profits.

• Risk Management: It prevents traders from relying on a few high-risk trades to achieve overall profitability.

How Does the Consistency Rule Work?

No single trading day’s profit should exceed 35% (20% for Straight to Funded accounts) of the total profits accumulated from the first day of trading in the simulated funded account up to the payout request date. After an approved payout, the consistency % will reset and you will need to maintain consistency % for the period up to the next approved payout request.

More Examples of the Consistency Rule in Action

Here’s another example to illustrate how the Consistency Rule is applied:

A trader has been trading for 10 days in their Growth Sim Funded account, which follows a 35% consistency rule.

• Total profits over the 10 days: $10,000.

• Highest single-day profit: $4,000 (which is 40% of the total profits).

Since this exceeds the 35% limit, the trader must continue trading until the highest single-day profit is less than or equal to 35% of the total profits.

If, on day 11, the trader makes an additional $1,500 in profits:

• The trader has now traded for 11 days.

• Total profits: $11,500.

• Highest single-day profit: $4,000 (which is now 34.7% of the total).

At this point, the trader is eligible to request a payout, as their highest profit no longer exceeds the 35% limit.

Straight to Sim Funded Accounts

What is the Straight to Sim Funded Account?

Tradeify strive to make futures trading as accessible as possible. To support this, it offers traders the opportunity to go straight to a Simulated Funded account.

A "straight to funded" account allows traders to skip the typical challenge phases and begin trading simulated funds immediately. This gives Tradeify traders direct access to a simulated funded account with the potential to start earning payouts within just 10 days of active trading.

For these accounts, we’ve set the Consistency Rule at 20% because we seek traders who demonstrate steady and reliable performance over time. This rule helps us identify traders committed to long-term success, rather than those relying on short-term, high-risk strategies.

By maintaining consistent trading habits, traders can better manage risk and achieve sustainable growth—aligning with Tradeify goal of fostering a stable and profitable trading environment.

Live Funded Accounts

Option 1: Remain in the Simulated Funded Account

Continue receiving payouts, capped at the maximum limit for your account size.After 16 payouts from the same account, you will be automatically transitioned to a Live Funded Account and retain your full account balance above the starting amount. This transition is mandatory.

Option 2: Request Transition to a Live Funded Account

• Starting Balance: Your Live Funded Account will start with the trailing drawdown amount of your current Simulated Funded Account. For example, a $150,000 Straight to Funded account with a $7,500 drawdown will begin with a $7,500 balance when transitioned to live.

• Transitioning to live at this point will forfeit any gains you have above the trailing drawdown in your Simulated Funded Account.

Benefits of a Live Funded Account

• UNCAPPED Same-Day Payout Requests: That's right—uncapped payout requests! You can make one request per day, with a minimum of $250 per request.

• No Daily Loss Limit or Consistency Rule: These restrictions are removed once you transition to a Live Funded Account.

Details and Caveats

• Traders may only have one Live Funded Account at a time. Any Simulated Funded Accounts that are moved to live will consolidate into one Live Account.

• Tradeify reserves the right to transition a trader to a Live Funded Account at any time after their 3rd successful payout from the same Simulated Funded Account.If Tradeify transitions you to a Live Funded Account before your 16th payout, you will retain your full account balance above the starting amount in your new live account.

Common Questions

When transitioning from a Simulated Funded Account to a Live Funded Account, traders often wonder if their unrealized gains will carry over.

There are only two ways this can happen:

1. Mandatory Transition: After 16 successful payouts from the same Simulated Funded Account, traders are automatically transitioned to a Live Account, and they will retain their full Simulated Funded account balance above the starting amount.

2. Tradeify Mandated Transition: Tradeify may mandate a transition to a Live Account at any time between the 3rd and 16th successful payout. In this scenario, the trader will retain their full Simulated Funded account balance above the starting amount.

Payouts & Withdrawals

Straight to Sim Funded' Account Payout Policy

Traders receive 100% of their first $15,000 in profits per Simulated Funded Account, and 90% of any profits exceeding that amount. Traders can have a maximum of 5 total Simulated Funded Accounts with any combination of the Growth, Advanced, and Straight to Sim Account types.

Payout Guidelines

• Payout approvals require you to abide by the Tradeify Funded Trader Agreement.

• If you have more than one account, each account is treated independently. You may withdraw from each account according to the schedule below, provided you followed the rules for each account.

• Once you submit a payout request, it cannot be edited or canceled.

• After your third successful payout from the same account, Tradeify reserves the right to transition you to a Live Funded Account at any time. You will be notified of this decision via email.

Payout Requirements

Consistency Rule: Abide by the 20% Consistency Rule (See: What is the Consistency Rule?)

• Minimum Days Traded: You must trade on at least 10 separate days for your first withdrawal and between each subsequent payout request.
  
  If this requirement is not met by the end of the current pay period, you may request a payout in the next period once the requirement is fulfilled.
  
  5 or more of the Minimum Days Traded must show a profit greater than $100.
  
  The day count resets to zero after each successful withdrawal.
  
  A trading day is counted as at least one trade placed from 6pm EST- 5pm EST the next day.

• Account Balance Needed: Reach and maintain at least $100 in profit over the Maximum Trailing Drawdown limit.
  
  This is calculated and determined upon account reconciliation, which happens daily between 5:00 p.m. and 6:00 p.m EST.
  
  his amount must be maintained until the payout request is approved.

  • Note: You will still be able to place trades after submitting a payout request. However, be aware that if you fail your account or fall below the minimum thresholds for a payout before the request is processed, your payout will be denied.

  • See "Balance Minimums Needed" for the specific amounts for each account size.

• Your account must satisfy all of the above criteria to qualify for ANY payout request.

Balance Minimums Needed

• $50,000 + $2,500 + $100 = $52,600 is the minimum balance required in order to request a payout for a $50k account.

• $100,000 + $5,000 + $100 = $105,100 is the minimum balance required in order to request a payout for a $100k account.

• $150,000 + $7,500 + $100 = $157,600 is the minimum balance required in order to request a payout for a $150k account.

Scenarios

If you have a Straight to Funded $50k account and the balance reaches the minimum required balance of $52,600 to request a payout, you can request up to a $2,000 payout.

This leaves your remaining balance at $50,600.

Remember, in this example, your balance cannot go below $50,100 without "failing" the account. You ARE able to take out that amount, but you would leave yourself with $500 in drawdown cushion.

Payout Window

Twice per month on the:

• 1st~4th of every month

• 15th~18th of every month

• Once your payout status is changed to APPROVED, your funds are immediately withdrawn from your account. Payments will be issued within 24 hours after the withdrawal has been processed.

Payout Tiers

The minimum payout amount is $1,000.

The maximum payout is dependent on the account size and approved payout request number.

See this table:

Tradeify reserves the right to move you to a Live Funded Account at any time after your third successful payout from the same account. Tradeify will contact you via email regarding this decision.

If you request 16 payouts from the same account, you will be automatically transitioned to Live Funded Account.

Advanced and 'Growth Account Payout Policies

Traders are able to receive 100% of their first $15,000 in profits per sim funded account they request a payout for, and 90% of the profit over that amount. Traders can have a maximum of 5 SIM FUNDED ACCOUNTS.

In order to request a payout:

• Account must have reached and maintain at least $100 in profit over the trailing drawdown limit.
  
  If you have a funded $50k account and the balance reaches the minimum required balance of $52,100 to request a payout, you can request up to a $1,500 payout. This leaves your remaining balance at $50,600. Remember, in this example, your balance cannot go below $50,100 without "failing" the account. You ARE able to take out that amount, but you would leave yourself with $500 in drawdown room.

• You must trade a minimum of 10 separate days for your first withdrawal and from request to request. If the minimum days are not met by the end of the current pay period, then a payout may be requested the next period once the minimum days have been met.

  A trading day is counted as at least one trade placed from 6pm EST- 5pm EST the next day.

• 5 or more of the minimum trading days must show a profit greater than $100

• Abide by a 35% consistency rule

• Payout approvals require you to abide by the Tradeify Trader Agreement.

Payouts can be requested twice per month:

1st~4th of every month

• 15th~18th of every month

• Once your payout status is changed to APPROVED, your funds are immediately withdrawn from your account. After withdrawal, payments will be issued within 24 hours.

When you request a payout you can immediately start trading. If you fail your account or fall below the minimum thresholds for a payout, you will be denied.

Once you submit a request for a payout you cannot edit it or cancel it after.

The maximum payout is dependent on the approved payout request number, see table below:

Each subsequent payout after the 6th can be any amount up to $25,000 per account.

The minimum payout amounts are:

• $500 for $50k accounts

• $1,000 for $100k accounts

• $1,500 for $150k accounts

Each account you have counts as its own account. You are able to withdraw according to the above schedule, if you abide by the rules, for EACH account.

Tradeify reserves the right to move you to a Live Funded Account at any time after your third successful payout from the same account. Tradeify will contact you via email regarding this decision.

If you request 16 payouts from the same account, you will be automatically transitioned to Live Funded Account.

Live Funded Accounts

Option 1: Remain in the Simulated Funded Account

Continue receiving payouts, capped at the maximum limit for your account size.

After 16 payouts from the same account, you will be automatically transitioned to a Live Funded Account and retain your full account balance above the starting amount. This transition is mandatory.

Option 2: Request Transition to a Live Funded Account

• Starting Balance: Your Live Funded Account will start with the trailing drawdown amount of your current Simulated Funded Account. For example, a $150,000 Straight to Funded account with a $7,500 drawdown will begin with a $7,500 balance when transitioned to live.

• Transitioning to live at this point will forfeit any gains you have above the trailing drawdown in your Simulated Funded Account.

Benefits of a Live Funded Account

• UNCAPPED Same-Day Payout Requests: That's right—uncapped payout requests! You can make one request per day, with a minimum of $250 per request.

• No Daily Loss Limit or Consistency Rule: These restrictions are removed once you transition to a Live Funded Account.

• Only One Requirement: Keep your balance above $0 to maintain your live account.

Details and Caveats

• Traders may only have one Live Funded Account at a time. Any Simulated Funded Accounts that are moved to live will consolidate into one Live Account.

• Tradeify reserves the right to transition a trader to a Live Funded Account at any time after their 3rd successful payout from the same Simulated Funded Account.
  
  If Tradeify transitions you to a Live Funded Account before your 16th payout, you will retain your full account balance above the starting amount in your new live account.

Common Questions

When transitioning from a Simulated Funded Account to a Live Funded Account, traders often wonder if their unrealized gains will carry over.

There are only two ways this can happen:

1. Mandatory Transition: After 16 successful payouts from the same Simulated Funded Account, traders are automatically transitioned to a Live Account, and they will retain their full Simulated Funded account balance above the starting amount.

2. Tradeify Mandated Transition: Tradeify may mandate a transition to a Live Account at any time between the 3rd and 16th successful payout. In this scenario, the trader will retain their full Simulated Funded account balance above the starting amount.

Advantages:

• Risk Mitigation: Using actual-time drawdown adaptation can provide shield against substantial intraday losses.

• Strengthened Discipline: Tracking losses immediately promotes disciplined trading.

Disadvantages:

A disadvantage of Tradeify prop firm is its limited customization options, which can restrict traders looking for more flexibility in their strategies. While the platform offers standard tools and features, advanced traders may find the lack of tailored settings and options limiting for more sophisticated trading approaches. Additionally, the educational resources on the platform might not be as comprehensive, leaving newer traders at a disadvantage when trying to navigate complex market environments. This can lead to a steeper learning curve for those who need more in-depth guidance or a more personalized trading experience.

Conclusion

Tradeify offers a promising opportunity for aspiring traders to develop their skills and potentially earn profits. The platform’s focus on evaluation and support, can be beneficial for those who are serious about trading. However, it’s important to consider the potential limitations, such as payout caps and the risk of loss, before deciding if Tradeify is the right fit. Brett Simba, the CEO of Tradeify, has earned a positive reputation, helping to solidify the company’s position as a trusted prop firm.

FAQs

Are There Activation Fees?

The only account with an activation fee is the Advanced Sim Funded Account.

The Activation Fee is a single, one time fee of $125.

This is charged to traders during the setup process for each Simulated Funded Account. The fee is the same amount for both the $50k, $100k, or $150k Advanced challenges.

There is no activation fee for Growth Challenges, and Straight to Sim Funded products are one time fees.

Can I Trade as a Company / LLC?

Yes!

You can create a Tradeify account using either personal or business information, whichever you prefer.

Please note that the First Name and Last Name fields do not allow spaces or punctuation, so be sure to keep that in mind when registering.

The key difference arises during the payout process. If you wish to receive your payout to your company or LLC, you will go through the KYB (Know Your Business) process with our payments vendor, instead of the standard KYC (Know Your Customer) process.

Once your payout request is approved, we’ll send you a link to complete the KYB process and set up a business account with the vendor. You’ll need this business account in order to receive withdrawals.

Please be aware that the KYB process requires additional documentation compared to KYC.

How Do I Get Funded After Passing a Challenge?

Once you meet your profit target and pass the Challenge, you will need to wait until the end of the trading day at 5:00 p.m. EST.

Our system runs its reconciliation between 5:00 p.m. and 6:00 p.m EST, and you will be notified of your success once the process is complete.

You can then navigate to your dashboard and activate your Simulated Funded account.

How Do Simulated Funded Account Profit Shares Work?

The first $15,000 you earn is yours to keep with no profit share to Tradeify. After that, Tradeify will take a 10% commission on all withdrawals.

Example:

If you've already withdrawn $14,000 and your next approved payout is $2,000:

• You will receive $1,900.

• The first $1,000 is paid at 100%, and the remaining $1,000 is paid at 90%.

• $1,000 + $900 = $1,900.

How Many Simulated Funded Accounts Can I Have at Once?

You can have up to 5 Simulated Funded Accounts per household at any time.

How Many Simulated Funded Accounts Can I Have at Once?

You can have up to 5 Simulated Funded Accounts per household at any time.