Tradeify Review/Guide - Good or Bad? An Honest Breakdown and Guide.
Honestly ⬇
The instant funding accounts are not as good compared to Purdia’s instant funding model (review here), and the evaluations are more difficult with a harder payout policy compared to MyFundedFutures (review here) and Topstep.
However!
Tradeify might have the single greatest reputation when it comes to never denying any payouts, the changes over the past few months have all been very positive, their evaluations are some of the best priced in the industry, and they have the best instant-funding model for not being on a live account. This page will cover all Tradeify-related questions for each account and their unique policies. I don’t mess around with my reviews, and I want you to make money - everything here that looks like an opinion is backed by objective data (which will be covered).
Sales & Discounts - Use code Iman to get 33% off ALL accounts - ends June 14th
Iman’s link to Tradeify with code Iman means you’ll always get the highest discount (it updates to current sales), and it may support me with a commission at no extra cost to you.
Here’s the 30-second assessment of Tradeify ⏬
The “Advanced” and “Growth” evaluations? 8.5/10
Pricing: some of the best-priced accounts in the entire industry
Evaluations: more difficult to pass than MyFundedFutures (MFFU)
Payout policy: more difficult than MFFU and Topstep (but not unreasonable)
The “Straight to Sim Funded” accounts? 7.5/10
Smaller accounts are relatively pricier but far easier for payouts
Larger accounts are very difficult for payouts
Alright. Let’s get started.
The first section covers the evaluations, and the second section is all about the instant funding accounts.
| Growth | Advanced | |
|---|---|---|
| Max drawdown | $2,000 | $2,000 |
| Profit target | $3,000 | $3,000 |
| Daily loss limit | $1,250 | None |
| Max position size | 5 minis | 5 minis |
| Drawdown type | End of Day | Intraday |
| Minimum trading days | 1 | 1 |
| Activation fee | None | $125 |
| Price before code Iman | $139 | $69 |
| Reset fee | $85 | $45 |
| All-in cost, pass 1st try | $139 | $184 |
| All-in cost, pass 4th try | $394 | $329 |
Tradeify 50k Account Comparison (Growth vs Advanced)
While the instant-funding accounts may sound enticing, Tradeify’s greatest value is technically in their two types of evaluations. Every major difference will be noted here in order for you to decide which one is the best option.
The table demonstrates the differences, but the advanced account using an intraday drawdown is extremely bad. This is the drawdown system that Apex uses, and it means that your max drawdown moves up on unrealized profits. Prop firms that use this predatory system usually have better drawdown to profit target ratios to make up for it (compared to accounts using an end-of-day system). Yet here, you’re getting screwed twice by having the more difficult trailing system without any change to the drawdown to profit target ratio ($2,000:$3,000 or just 2:3). Funnily enough, the 100k and 150k accounts actually give you $500 more in max drawdown for the growth account. So, it’s an easier evaluation with the easier trailing drawdown system, which is a bit strange.
For comparison, MyFundedFutures’ starter account gives you $500 more in max drawdown, can be passed in 1 day, has an end-of-day system, and costs just $92 with 0 activation fee. However, the prices in the table aren’t fair because Tradeify always a great sale running (with code Iman). If we assume a 30% sale, then the growth account is $97.30 and the advanced account is $48.30.
So, which one should you choose?
Growth evaluations are easier to pass due to the end-of-day trailing-drawdown system. Not only that, but they’re cheaper as well. However, the cost savings are only a benefit if you pass within a few attempts due to the advanced account’s lower initial cost and reset fee. On top of that, the 100k and 150k growth accounts have $500 more in max drawdown compared to the advanced accounts (making them easier).
Payout policies for both the growth and advanced funded accounts
These rules exist for both of the accounts. Below this, the unique rules for each account will be listed.
Consistency rule
35% consistency rule (one single day’s profit can’t exceed over 35% of the total profit) - click here if you are new to consistency rules
10 minimum trading days
At least 5 days must be at least:
$150 in profit for 50k accounts
$200 in profit for 100k accounts
$250 in profit for 150k accounts
Minimum account balance needed for a payout
| Growth Account | Minimum Balance |
|---|---|
| $50,000 | $52,100 |
| $100,000 | $103,100 |
| $150,000 | $154,600 |
| Advanced Account | Minimum Balance |
|---|---|
| $50,000 | $52,100 |
| $100,000 | $103,600 |
| $150,000 | $155,100 |
Using the 50k account as an example, let’s say your account balance is at $52,100 and you’ve met the other requirements. In this scenario, you can request up to a $1,500 payout (max amounts per request are below this).
Maximum payouts per request
| Payout # | 50k Account | 100k Account | 150k Account |
|---|---|---|---|
| 1 | $1,500 | $2,000 | $2,500 |
| 2 | $1,750 | $2,500 | $3,000 |
| 3 | $2,000 | $3,000 | $3,500 |
| 4 | $2,250 | $3,500 | $4,000 |
| 5 | $2,500 | $4,000 | $4,500 |
| 6 | $3,000 | $5,000 | $5,500 |
After your 6th payout, you can request up to $25,000 per account (holy moly).
There are also minimum payouts per account:
$500 for $50k accounts
$1,000 for $100k accounts
$1,500 for $150k accounts
One advantage here over MyFundedFutures’ starter and starter plus accounts (comparison) is that Tradeify lets you stay in the funded sim environment longer. Tradeify states on their website that “Tradeify reserves the right to move you to a Live Funded Account at any time after a successful payout.”
An in-depth analysis on Tradeify’s instant funding model
Payout policy and withdrawal rules for the instant funded accounts
Remember, the payout policy for an instant-funded account is everything. Be sure to read the notes below.
20% consistency rule
No single day’s profit can exceed 20% of the total profit
Minimum trading days rule
You must trade on 10 separate days before each payout request / withdrawal
Here’s where it gets tricky/bad; “Payout Profit Goals” and “Payout Tiers”
Each profit goal is the amount of money you need to make on the account before you can request a payout. It’s like a buffer system but for every payout request. This change makes it closer to a complicated evaluation than it is to a real and truly funded account, but let’s continue for now.
| Account Size | Payout 1 Profit Goal | Payout 2 Profit Goal | Payout 3+ Profit Goal |
|---|---|---|---|
| $25,000 | $1,500 | $1,000 | $1,000 |
| $50,000 | $3,000 | $2,000 | $2,000 |
| $100,000 | $6,000 | $3,000 | $2,500 |
| $150,000 | $9,000 | $4,500 | $3,000 |
How much are you allowed to withdraw from the account after hitting each profit goal?
| Payout # | $25k Account | $50k Account | $100k Account | $150k Account |
|---|---|---|---|---|
| 1 | $1,000 | $2,000 | $2,500 | $3,000 |
| 2 | $1,000 | $2,000 | $2,500 | $3,000 |
| 3 | $1,000 | $2,000 | $2,500 | $3,000 |
| 4+ | $1,000 | $2,500 | $3,000 | $3,500 |
Once you reach the profit goal, the second table shows the maximum amount you can withdraw per payout request. Let’s take a look at these tables for a second; on the 150k account, you need to make $9,000 just to qualify for a payout. Then, you can only withdraw a maximum of $3,000. The max drawdown on that account is $6,000, which means you need to make a gain of 150% just to qualify for a maximum withdrawal of $3,000. Then, to get your second payout, you have to make an additional $4,500 just to qualify for a maximum withdrawal of $3,000. At this point, you have made a total of $13,500, yet you’re only allowed to take out $6,000 total.
The smaller accounts are much easier
Now looking at the 50k account, you have to make $3,000 in order to qualify for a payout of $2,000. That’s actually completely reasonable and quite good. By looking at the table, you’ll see the true scale of how much more difficult the larger accounts are for getting payouts.
For these accounts, Tradeify’s minimum payout amount is $1,000
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Analyzing the Best and Worst Instant Funding Accounts
Below, you’ll see the pricing and differences among each of the instant-funding accounts. I’ve done all the math to save you some time on whether these accounts are worth it as well as which ones are more valuable than the others.
| 25k account | 50k account | 100k account | 150k account | |
|---|---|---|---|---|
| Cost before discount | $349 one time fee | $509 one time fee | $629 one time fee | $729 one time fee |
| If there's a 25% sale | $262 | $382 | $472 | $547 |
| Max Contracts | 1 Mini (10 micros) | 5 Minis (50 micros) | 5 Minis (50 micros) | 15 Minis (150 micros) |
| Trailing max drawdown | $1,000 | $2,000 | $4,000 | $6,000 |
| Drawdown Mode | End Of Day | End Of Day | End Of Day | End Of Day |
| Min Trading Days to Payout | 10 | 10 | 10 | 10 |
| Consistency | 20% | 20% | 20% | 20% |
| Max Accounts | 5 | 5 | 5 | 5 |
| Cost per $100 in funding* | $34.90 | $25.45 | $15.73 | $12.15 |
| Cost per $100 if 25% sale | $26.20 | $19.10 | $11.80 | $9.12 |
Should you get the smaller or larger instant-funding accounts?
Well, there are two things to consider. First, you saw from the payout policy that the smaller accounts are easier to get payouts from (you don’t have to make as much money in order to get your payouts compared to the larger accounts). However, from this table you’ll see that the true cost of funding is much higher for the smaller accounts. I think it’s more important to focus on the payout aspect and how much money you get to keep from what you make, which makes the smaller accounts the better deal.
When comparing the 25k account to the 150k account, you are paying almost 3x as much for funding in relation to the true account size. In other words, before any discount, you’re paying $34.90 per $100 in funding versus $12.15 per $100 in funding. So, based on those metrics, the larger accounts are better. However, that value is tainted by the difficulty of the payout profit-target goals on each payout request, which disproportionately negatively affects the larger accounts. That is the math I did to personally come to the conclusion that the 50k account is best, but feel free to analyze all of these metrics for yourself.
Tradeify is not the only instant funding model
The third option is to go with Purdia. On their 100k account, the profit target is $3,000 and the max drawdown is $3,000. Trade for a minimum of 10 days and have just 5 days with at least +$200 in profit. Then, you get put on a live account where you can withdraw as much as you’d like and continue trading with NO MORE RULES. Visit Purdia by clicking here and using code Iman for an exclusively high discount, but first read the full review and guide by clicking here. If you want to stick with the simulation environment, then Tradeify is an excellent option. Code Iman always updates to the best sale.
Regardless of what you do, stay analytical and don’t get attached to companies that don’t care about you.
Remember,
Prop firms are food, not friends!
🦈
RISK AND AFFILIATE DISCLOSURE - Never risk money you can’t afford to lose!
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Most traders do not succeed. The links on this site are primarily affiliate links, which financially supports me at no extra cost to you. I partnered with multiple firms, because I don’t see 1 firm that has it all. Not being exclusive to one firm also helps to reduce bias, because I’m partnering with the firms that I think are the best.