Tradicave is a prop firm established in January 2024. The owner is Adi Farel, and the address of registration is in Melbourne, Australia. Tradicave offers two types of evaluation processes, where they can select the traders who get to trade with them.
Tradicave Trading Platform Choices
Currently, the only trading platform choice at Tradicave is MT4.
The Instruments You Can Trade with Tradicave
You can Trade Energies, Stocks, Indices, Crypto, and Forex.
How to Pay at Tradicave
You can pay and get paid at Tradicave with Cryptocurrency and Bank Transfer.
Tradicave Array of Account Sizes
The account sizes range from $15k to $200k.
The Profit Sharing System at Tradicave
The profit sharing changes based on the payout number and phase. For the initial payout, there’s a 60% split, and for the second, it’s 70%. After that, including the third payout, it’s 80%. In the Two-Phase Challenge, the first payout has an 80% split.
Profit Targets at Tradicave
One-phase challenges aim for a 10% profit. Two-phase challenges have two steps with different profit targets: the first step aims for 8%, and the second step aims for 5%.
Loss Rules and Daily Drawdown
Tradicave’s challenges limit daily losses to 5%. In the One-Step challenge, the total loss cannot exceed 10%, while in the 2-Step challenge, it’s capped at 12%.
Maximum/Minimum Trading Days at Tradicave
Tradicave doesn’t set a maximum number of trading days for evaluations. In the 2-phase challenge, there’s a minimum requirement of 5 trading days, while the 1-phase challenge has no minimum.
Tradicave Challenge Fee Breakdown
| Challenge Type | $15,000 | $15,000 | $25,000 | $25,000 | $50,000 | $50,000 | $100,000 | $100,000 | $200,000 | $200,000 |
|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step |
| Price | $108 | $148 | $198 | $248 | $308 | $358 | $488 | $548 | $928 | $988 |
Tradicave Fee and Commission Details
| Trading Instrument | Commission per lot |
|---|---|
| Forex | $5 |
| Metals | $5 |
| Crypto | $5 |
| Oil | $0.5 |
| Indices | $0.5 |
Tradicave and Their Refund Policy
For the 2-phase challenge, you can receive a refund of the Tradicave fees with the first payout. In the 1-phase challenge, the refund is available with the 4th payout.
Does Tradicave Offer Free Trials?
No.
Trader Payout Schedule at Tradicave
Payments for the 1-phase challenge are as follows:
- 1st Payout (30 days)
- 2nd Payout (21 days)
- 3rd Payout (14 days)
- 4th Payout (14 days)
- 5th Payout (14 days)
For the 2-phase standard challenge:
- 1st Payout (30 days)
- 2nd Payout (14 days)
Trustpilot Assessment of Tradicave: Pros & Cons
- Excellent customer support
- Quick payouts
- Transparent rules
- Occasional slow customer support
- Newly established proprietary firm
Tradicave Website FAQ
Withdrawals take approximately 3 to 5 business days.
Can US residents Buy challenges?
Since February 20th, US residents have been unable to buy challenges. You can use the Tradicave services if you’re a US citizen living abroad.
News Trading
You’re free to engage in trading activities during news and events, including opening trades during red folder news events.
Do you have a minimum withdrawal amount?
$100.
Is hedging allowed?
Yes, but hedging between accounts is not allowed.
How can I contact Tradicave?
You can contact Tradicave via Live chat, social media accounts, and email:[email protected].
