Name: Tradeify Challenges
Brand: Tradeify

Tradeify

CEOBrett Simberkoff

Country

Date Created6/1/2024

Years in Operation2.5

Tradeify Prop Firm Details

Firm Overview

Broker:

Tradovate

Platform:

Ninja Trader

Tradingview

Tradovate

Quantower

Trade Sea

Rithmic

Payment Methods:

Credit Card

Crypto

Paypal

Payout Methods:

Riseworks

Plane

Type of Instruments:

futures

Contract Sizes

Growth Evaluation

$25K: 1 Mini / 10 Micro Contracts
$50K: 4 Mini / 40 Micro Contracts
$100K: 8 Mini / 80 Micro Contracts
$150K: 12 Mini / 120 Micro Contracts

Select Evaluation

$25K: 1 Mini / 10 Micro Contracts
$50K: 4 Mini / 40 Micro Contracts
$100K: 8 Mini / 80 Micro Contracts
$150K: 12 Mini / 120 Micro Contracts
$300K: Contract limits are tiered according to the account balance.

Lightning Funded

$25K: 1 Mini / 10 Micro Contracts
$50K: 4 Mini / 40 Micro Contracts
$100K: 8 Mini / 80 Micro Contracts
$150K: 12 Mini / 120 Micro Contracts

10 Micro Contracts = 1 Mini Contract. Mini and Micro Contracts can be held simultaneously as long as the combined position remains within the applicable account limit.

Commissions

Trading Commission Fees LINK

Account Sizes

Growth

$25K / $50K / $100K / $150K

Select

$25K / $50K / $100K / $150K
$300K is available as a limited edition with separate terms

Lightning

$25K / $50K / $100K / $150K

Max Allocation

Growth / Select / Lightning

Up to 5 Sim Funded accounts can be held at the same time across all plans

Select Evaluation

Up to 15 Evaluation accounts can be purchased within a 30-day period

Select $300K

Maximum of 3 accounts under the terms of this account size

Daily & Maximum Loss

Growth

$25K — Daily Loss 2.4% / Maximum Loss 4%
$50K — Daily Loss 2.5% / Maximum Loss 4%
$100K — Daily Loss 2.5% / Maximum Loss 3.5%
$150K — Daily Loss 2.5% / Maximum Loss 3.33%

The Daily Loss Limit is a Soft Breach. If reached, trading is disabled for the rest of the day only.

Select – Challenge

$25K — No Daily Loss / Maximum Loss 4%
$50K — No Daily Loss / Maximum Loss 4%
$100K — No Daily Loss / Maximum Loss 3%
$150K — No Daily Loss / Maximum Loss 3%

Lightning

$25K — No Daily Loss / Maximum Loss 4%
$50K — Daily Loss 2.5% / Maximum Loss 4%
$100K — Daily Loss 2.5% / Maximum Loss 4%
$150K — Daily Loss 2% / Maximum Loss 3.5%

Drawdown

Growth

End-of-Day Trailing Drawdown

Select

End-of-Day Trailing Drawdown

Lightning

End-of-Day Trailing Drawdown

Consistency Rules

Growth

Challenge: None
Sim Funded Account: 35%

Select

Challenge: 40%
An add-on is available to increase the Consistency Rule to 50%
Sim Funded Account: None

Lightning

First Payout: 20%
Second Payout: 25%
Third Payout and onwards: 30%

News Trading

Allowed

Both Challenges & Funded

Not Allowed

Over 50% of your trades are longer than 10 seconds AND over 50% of your profit must come from trades held longer than 10 seconds, If you do not meet the criteria, you will not be able to activate the evaluation or request a payout

Overnight & Weekends Holding

Overnight holding is not allowed; trades will be closed automatically by the system before the end of the trading day

Copy Trading

Allowed

Copy trading is allowed between Tradeify accounts owned and managed by the same trader.

Best website/app to copy trades between your own accounts:

https://bit.ly/4rSqXq7

Not Allowed

Copying another trader’s trades is not allowed.
Account sharing or allowing another person to manage the account is not allowed.
Copy trading cannot be used to create opposite positions across accounts.

Experts

Allowed

Automated trading systems are allowed if the trader is the sole owner of the system and can prove ownership.

Not Allowed

HFT systems are not allowed.
Automated systems shared between multiple traders are not allowed.
Automated systems cannot be used to bypass company rules or exploit the simulated trading environment.

VPN/VPS

Logging into the account using a VPN or VPS is not allowed.

Payout Policy

Growth Funded

Payout Requirements

Profit Split: 90%.
You must complete 5 qualifying profitable days.
A 35% Consistency Rule applies.
You must reach the required qualifying balance.
After each payout, the profitable-day counter resets.

$25K

Qualifying Balance: $26,500.
Qualifying Profitable Day: $100.
Minimum Payout: $250.
Maximum Payout: $1,000.

$50K

Qualifying Balance: $53,000.
Qualifying Profitable Day: $150.
Minimum Payout: $500.
Maximum Payout: $1,500 first / $2,000 second / $2,500 third / $3,000 from the fourth onward.

$100K

Qualifying Balance: $104,500.
Qualifying Profitable Day: $200.
Minimum Payout: $1,000.
Maximum Payout: $2,000 first / $2,500 second / $3,000 third / $4,000 from the fourth onward.

$150K

Qualifying Balance: $156,500.
Qualifying Profitable Day: $250.
Minimum Payout: $1,500.
Maximum Payout: $2,500 first / $3,000 second / $4,000 third / $5,000 from the fourth onward.

Select Flex

Payout Requirements

Profit Split: 90%.
You must complete 5 qualifying profitable days.
Profitable days do not need to be consecutive.
No payout buffer is required.
You can withdraw up to 50% of your profits.
Minimum Payout: $250.
After each payout, new profits must be generated before the next payout.

$25K

Qualifying Profitable Day: $100.
Maximum Payout: $1,250.

$50K

Qualifying Profitable Day: $150.
Maximum Payout: $2,500.

$100K

Qualifying Profitable Day: $200.
Maximum Payout: $3,500.

$150K

Qualifying Profitable Day: $250.
Maximum Payout: $4,500.

Select Daily

Payout Requirements

Profit Split: 90%.
Daily payouts are available once the requirements are met.
Minimum Payout: $250.
The payout buffer must be maintained after a payout.
You can withdraw up to 2× the new profits generated since the previous payout cycle, subject to the maximum payout limit.
A new profit cycle begins after each payout.

$25K

Payout Buffer: $1,100.
Maximum Daily Payout: $600.

$50K

Payout Buffer: $2,100.
Maximum Daily Payout: $1,250.

$100K

Payout Buffer: $2,600.
Maximum Daily Payout: $1,750.

$150K

Payout Buffer: $3,600.
Maximum Daily Payout: $2,500.

Lightning Funded

Payout Requirements

Profit Split: 90%.
No minimum number of trading days is required.
The required profit target must be reached for each payout cycle.
Minimum Payout: $1,000.
After each payout, the profit target resets.

Consistency Rule

First Payout: 20%.
Second Payout: 25%.
Third Payout and onward: 30%.

$25K

First Payout Profit Target: $1,500.
Subsequent Profit Target: $1,000.
Maximum Payout: $1,000.

$50K

First Payout Profit Target: $3,000.
Subsequent Profit Target: $2,000.
Maximum Payouts 1–3: $2,000.
From the fourth payout onward: $2,500.

$100K

First Payout Profit Target: $6,000.
Subsequent Profit Target: $3,500.
Maximum Payouts 1–3: $2,500.
From the fourth payout onward: $3,000.

$150K

First Payout Profit Target: $9,000.
Subsequent Profit Target: $4,500.
Maximum Payouts 1–3: $3,000.
From the fourth payout onward: $3,500.

Select $300K

Flex

5 qualifying profitable days are required.
Qualifying Profitable Day: $750.
You can withdraw up to 50% of your profits.
Maximum Payout: $10,000.

Daily

Payout Buffer: $5,100.
Maximum Daily Payout: $3,500.
50% of the payout amount must come from new profits generated since the previous payout.
The 2× profit rule does not apply to the $300K account.