Tradeify Review/Guide - Good or Bad Prop Firm? An Honest Breakdown.
This review/guide is brutally honest as usual, because prop firms are for making money. That’s the only thing we care about as traders.
I am not affiliated with Tradeify, because I think there are currently 0 reasons to use them. On 12/20, they ruined their only value (the instant funding accounts) by making each account’s max drawdown smaller, by introducing ridiculous profit target goals to hit before each payout request, and by decreasing the maximum payout amount allowed per request. You have to make a 150% return on an account just to qualify for your first payout! 💀
Before these changes, I liked a couple of their accounts. Continue reading for a full breakdown of the instant funding accounts, policies, and everything else about Tradeify. This site will still be useful even if you disagree with my analysis, because it contains in-depth breakdowns and comparisons all in one spot (including some metrics to measure the value of an account, which you won’t find in other reviews online).
After this, consider reading the Purdia LIVE instant-funding guide to see how good real “instant funding” can be - no consistency rules, profit objectives, or anything else used by “sim-funding” firms like Tradeify.
Which types of evaluations are offered by Tradeify?
This firm offers traditional evaluations and not just instant-funding. However, I’m not going to waste your time. For now, there is no reason other than diversification to buy their advanced or growth evaluations; competitors like MyFundedFutures or Topstep are more established and cheaper, are easier to get funded with, are quicker to get payouts from, and are quite literally better in every metric that matters to us as traders. So, this review will focus specifically on Tradeify’s biggest selling point, which is their instant-funding accounts (also called “Straight to Sim Funded”). That plan means there’s no evaluation, and you can instantly start earning money (sort of). If you want to do traditional evaluations, I don’t see anyone who is currently better than MyFundedFutures - Click here to read my full guide/review on them. Soon, I’ll be releasing a review on a truly instant-funding firm with real live accounts that I think will grow tremendously in 2025.
Alright, let’s get started.
Payout policy and withdrawal rules for the instant funded accounts
They changed this on the 20th and did a poor job at explaining everything, so I’ve tried to make this as simple as possible. 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
Payout windows
Traders can request payouts from their accounts on the following dates every month:
1st-4th
15th-18th
Starting January 1st, payout request windows will be expanded:
1st-4th
11th-14th
21st-24th
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 |
If your “um excuse me, what the actual f*** is this” radar isn’t going off… it will after you read below ⬇
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. Don’t forget, there’s also a 20% consistency rule and at least 10 trading days required between each payout. I’m getting ahead of myself, so let’s take a look at each individual account, their max drawdowns, and more.
For these accounts, Tradeify’s minimum payout amount is $1,000
Analyzing the Best and Worst Tradeify 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 even worth it or not, and all of that information is below the chart. It’s extremely important to read, because Tradeify is currently only good for just 2 accounts. If you don’t choose the right ones, then you’ll be overpaying for far worse accounts in relation to other firms!
| 25k account | 50k account | 100k account | 150k account | |
|---|---|---|---|---|
| Cost before discount | $375 one time fee | $549 one time fee | $629 one time fee | $699 one time fee |
| 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* | $37.50 | $27.45 | $15.73 | $11.65 |
*Is this a good deal? Let’s look at the part called “Cost per $100 in funding”
Suddenly, that 25k account seems like a pretty terrible deal, doesn’t it? You’re paying $375 for a $1,000 trading account, meaning $37.50 for every $100 in funding. To be fair though, if there’s a 35% discount, then you’re paying $24.38 for every $100 in funding, aka paying $244 for a $1,000 account. Honestly, that sucks. Let’s not pretend it doesn’t. Just pass the industry’s easiest 50k evaluation from MyFundedFutures for $76 and get a $2,500 account - it’s 1/3 of the price for a 150% larger account - plus, the payout policy is waaaaay better.
With Tradeify, you have two options:
insanely priced smaller accounts with a somewhat fair payout policy
decently priced large accounts where you have to make insane gains just to qualify for a payout on a fraction of what you made
Let’s take a look at the larger accounts, which was Tradeify’s only value before the changes
The 150k account costs $454 with the 35% discount, and that brings the cost per $100 of funding to $7.57. If we ignore the payout policies, then that’s pretty good. If you want to do the math yourself, take the cost of the discounted account (454), divide it by the max drawdown / true account size (6,000), and then multiply that by 100. Ew, math - I know, so let me just tell you the important stuff; the 25k and 50k accounts are a horrible deal because of how much you’re paying in relation to the true account size (max drawdown). Because of this metric (which you’ll only find in this review and not on their website), the 100k and 150k accounts are the only good accounts. When comparing the 25k account to the 150k account, you are paying over 3x as much for funding in relation to the true account size. In other words, before any discount, you’re paying $37.50 per $100 in funding versus $11.65 per $100 in funding. So, based on those metrics, the larger accounts are better. However, that value is ruined by the absurdity of the payout profit target goals on each payout request, which disproportionately negatively affect the larger accounts.
Are you better off with an evaluation-based plan? For 99% of people, yes.
There’s no better way to answer that question than by taking a look at the costs of an evaluation from MyFundedFutures. Why? Because, if you can pass an evaluation in less attempts than the total cost of one instant-funding account through Tradeify, then the answer becomes pretty obvious. Can you pass MFFU’s 50k evaluation with a $2,500 drawdown and $3,000 profit target for $92 in less tries than the cost of Tradeify’s $357 50k-account? 2 of Tradeify’s 50k accounts costs the same as almost EIGHT of MFFU’s 50k starter accounts. That’s something that you need to keep in mind. Of course, there are some policy differences that don’t make this an equal comparison, like MFFU’s far better 40% consistency rule once funded (as opposed to 20% from Tradeify), but you get the general point.
| *MyFundedFutures* | Starter Plan |
|---|---|
| Profit Target | $3K |
| Max Position | 3 Contracts |
| Daily Loss Limit | $1.2K |
| Max Drawdown | $2.5K |
| Drawdown Mode | EOD |
| Activation Fee | x |
| Consistency in Eval | x |
| Consistency in Funded | 40% |
| Scaling Rule | ✔ |
| Cost after code Iman | $92 |
Of course, 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. Going with newer firms is risky, so only trade through established names if you aren’t willing to accept the risks.
My honest assessment of Tradeify
Tradeify is not good (anymore). On December 20th (in the middle of me working on the review), they made the max drawdown on the accounts smaller, added terrible profit target goals to qualify for payouts, and decreased the max amount per payout request. At this point, the only reason to use Tradeify is to diversify the firms you use. Objectively speaking, they have no edge over other firms - just compare payout policies, rules, and pricing. Ironically, they do that while also being more expensive. They started pretty good, but rules were changed over the months to be more restrictive and fairly anti-trader. I believe this is because the instant funding model only works best when traders are put on live accounts very quickly, but what do I know? Tradeify’s 100k and 150k accounts were worth purchasing, but then the value was ruined by the insane profits you have to make just to qualify for a fraction of the amount you actually made. Plus, they also made the max drawdowns on all accounts smaller, and the 150k account went from $7,500 to $6,000.
Look at your choices, and pick your poison;
The only account that has an okay price is the 150k account, but you have to make $9,500 just to withdraw $3,000! Then, you have to make another $4,500 just to withdraw $3,000 again!
The only account that doesn’t get screwed by the ridiculous profit target requirements and tiers PER REQUEST is the 25k account, but it costs over 1/3rd of the entire account’s funding size!
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. I liked Tradeify until they made their instant funding accounts terrible. Links to MyFundedFutures and Purdia are affiliate links, which supports me at no extra cost to you. I only partner with the firms that I think are best for us.