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Maximum number of contracts refers to the total maximum amount of contracts you may have open on your account at a time. For example, if you are only allowed 6 contracts, you may have 6 contracts of one product open, or a mix such as 3 $ES and 3 $NQ. If you have more than 6 contracts open longer than 5 seconds, you will fail the challenge. You will be notified end of day about the error if so.

There is no daily loss limit in any of the Tradeify challenge accounts

The Live Trailing Drawdown is a minimum account balance that trails with your profits made in the account. The Live Trailing Drawdown is calculated intra-day.

For example, if you are taking the $50k Elite Tradeify challenge the Live Trailing Drawdown is $2,000. If at the start of the day you make a $3k profit and the account balance stands at $53k the Live Trailing Drawdown will be $51k. If by the end of that same day your account drops below $51k you have broken the Live Trailing Drawdown rule, even though you have made profit during the day. The net loss will include all your commissions, fees.

The trailing drawdown is used to help traders keep their hard earned profit and prevent them from losing it right back.

To pass the Tradeify challenges and for Tradeify funded traders we require that our traders close their positions before 4:10PM Eastern Time Monday through Friday when the markets close.

You must not hold any position after the market has closed. Traders can resume trading when the market opens at 6:00PM Eastern Time Monday through Thursday and on Sunday evening. Traders must not have any position open while the market is closed, this will break a rule in the Tradeify challenge and result in rule break in the Tradeify Funded Trader program.

Some futures markets close at different times and you must make sure that you do not hold these positions after the market has closed. These can include: Corn (ZC), Wheat (ZW), Lean Hogs (HE), Live Cattle (LE), Soybeans (ZS), Soybean Meal (ZM), and Soybean Oil (ZL).

There are also holidays where the market may close at different times, again positions must be closed when the market closes.

To pass the challenge you must make at least 1 trade for a total 7 days.

The 7 days do not have to be consecutive and can be spread out over a period. This rule helps us ensure that you are a consistent performer and a chance to test your skills over multiple days and different conditions in the market.

If you break a rule and fail the challenge you can reset your account at any time. Simply purchase reset credits and reset your account in your dashboard and try again!

Once you pass the challenge you will be guaranteed a spot as a funded trader at Tradeify. We will email you in the next 48 hours with a contract for you to sign and a payment page to pay the Funded Trader Activation Fee of $149. Once you have signed the document and paid the fee we will set you up with a rapid funded account within 7 days.

Payouts can be requested twice per month (1-4th) and (15-18th), and the minimum payout amount is $500.

In order to request a payout, a Simulated Funded Account trader:

– Should have $100 in profit over the trailing drawdown limit.
– Traded at least 10 trading days with 5 of the days showing a profit greater than $100.
– Traded at least 10 trading days between withdrawal requests.
– Abide by a 35% consistency rule.

Payouts will be limited in the first 3 months to a maximum of:
– 1st Payout: $1,500
– 2nd Payout: $1,750
– 3rd Payout: $2,000
Limit increases by $250 for each subsequent payout request until the payout limits are lifted after 3 months.

A Simulated Funded Account is simulated live trading account. New funded traders can take some time getting used to trading in a live environment and the Simulated Funded Account gives you more time to prove consistency while getting paid for profits.
Our risk managers will be continuously monitoring your activity to determine whether you are ready for a live trading account.

You may only have up to a maximum of 3 Rapid Funded Accounts at any time.

A live funded account is a trading account with real money trading on the live futures market. Tradeify risk managers will determine traders eligibility for this account based on performance in the challenge and with a Simulated Funded Account.
Any new Live Funded Traders will have to pay a data fee to trade live data feeds. Tradeify will send you a payment form for this.

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

The first $15k you make you keep in full with no profit share to Tradeify. After $15k Tradeify takes a 10% commission on all profits.

The Simulated Funded Account Activation Fee is a single, $130 fee. This is charged to traders during the setup process for each Simulated Funded Account. The fee is the same amount across all account sizes.

Yes your monthly fee will continue while you are a Rapid or Live Funded Trader to manage our platform and support costs.