Tradicave is the exciting new prop firm that's shaking up the industry! With its unique blend of gamified challenges and generous profit splits, Tradicave is the perfect place for traders who want to learn, have fun, and earn serious rewards. Whether you're a seasoned pro or just starting out, Tradicave has something for everyone. Choose between their fast-paced 1-phase challenges or the more traditional 2-phase Standard challenges, and trade with simulated funds up to a whopping $600,000!.
👉 What is Tradicave all about?
Tradicave is a proprietary trading firm established in January 2024, based in Melbourne, Australia. Founded by Adi Farel, who serves as the CEO, Tradicave offers traders the opportunity to access significant capital through innovative challenge programs. The firm provides a gamified trading experience with a reward mechanism, creating an environment where learning, enjoyment, and rewards are seamlessly intertwined throughout the trader's journey.
Key features of Tradicave include transparent profit splits, rapid bi-weekly payouts, full refunds on challenges, a static total drawdown approach, and the allowance of martingale strategies and weekend holdings.
| Detail | Information |
|---|---|
| Company Name | Tradicave |
| Establishment | January 2024 |
| Location | Melbourne, Australia |
| CEO | Adi Farel |
| Website | https://tradicave.com |
| Contact Email | Through website |
| Trading Platform | DXtrade |
| Challenge Types | One-Phase and Two-Phase Standard |
| Max Account Size | $600,000 |
Tradicave Trading Platforms
Tradicave previously offered trading exclusively through the MetaTrader 4 (MT4) platform. MT4 is a widely popular and user-friendly platform known for its robust charting capabilities, automated trading options, and extensive range of technical indicators.
Tradicave has migrated from MetaQuotes (MT4) to DXtrade. This transition aims to provide traders with an enhanced trading experience, potentially offering more advanced features and improved execution.
Account Types and Challenges
Tradicave offers two distinct challenge types to cater to different trader preferences and skill levels.
The One-Phase Challenge is designed for traders seeking a faster route to funded trading, with a minimum trading period of just one day and a maximum duration that's unlimited. This challenge requires traders to achieve a 3% profit target while adhering to a 5% maximum daily loss and a 15% maximum total loss limit.
On the other hand, the Two-Phase Standard Challenge provides a more structured evaluation process, with a minimum trading period of 5 days. This challenge is split into two phases, with traders aiming for a 5-8% profit target.
Both phases maintain the same 5% maximum daily loss limit, but the maximum total loss is slightly higher at 12%. Both challenge types offer a leverage of 1:100 and provide traders with the opportunity to earn up to an 80% profit split.
Tradicave offers a range of account sizes to suit different trader preferences and experience levels.
Here's a breakdown of the available options and their associated costs:
| Challenge Type | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|
| 2-steps | $108 | $198 | $308 | $488 | $928 |
| 1-step | $159 | $269 | $379 | $589 | $1,109 |
This pricing structure allows traders to choose an account size that aligns with their trading goals and risk tolerance. The one-step challenge is slightly more expensive but offers a quicker path to funded trading for those who feel confident in their abilities.
Profit Sharing and Payouts
Tradicave offers an attractive profit-sharing model designed to reward successful traders generously.
For the One-Phase Challenge, the profit split starts at 60% for the first payout, increases to 70% for the second payout, and reaches 80% for the third payout and beyond.
The Two-Phase Standard Challenge offers a consistent 80% profit split from the first payout. Tradicave provides a relatively frequent payout schedule, allowing traders to access their earnings regularly.
For the One-Phase Challenge, the payout frequency improves over time, starting with a 30-day interval for the first payout, reducing to 21 days for the second, and settling at 14-day intervals from the third payout onwards.
The Two-Phase Standard Challenge begins with a 30-day interval for the first payout, followed by 14-day intervals for subsequent payouts.
The minimum withdrawal amount is set at $100, and payouts are typically processed within 3 to 5 business days. This structure incentivizes consistent performance and provides traders with regular access to their profits.
| Challenge Type | Payout Number | Profit Split | Payout Interval |
|---|---|---|---|
| One-Phase | 1st | 60% | 30 days |
| 2nd | 70% | 21 days | |
| 3rd and beyond | 80% | 14 days | |
| Two-Phase | 1st | 80% | 30 days |
| 2nd and beyond | 80% | 14 days |
👉 Trading Instruments
Tradicave offers a diverse range of trading instruments, catering to various trader preferences:
Forex, Indices, Cryptocurrencies, Metals, Energies and Stocks.
This wide selection allows traders to diversify their strategies and take advantage of opportunities across different markets.
Commissions and Fees
Tradicave's commission structure is competitive and transparent:
| Trading Instrument | Commission per lot |
|---|---|
| Forex | $5 |
| Indices | $0.5 |
| Metals | $5 |
| Oil | $0.5 |
| Crypto | $5 |
These commissions are in line with industry standards and allow traders to factor in costs when developing their strategies.
Help Guide
What is the profit split for funded traders?
For the One-Phase Challenge, the profit split starts at 60% and can increase up to 80% with subsequent payouts. For the Two-Phase Standard Challenge, traders receive an 80% profit split.
What trading platform does Tradicave use?
Currently, Tradicave uses the MetaTrader 4 (MT4) platform. However, they have announced plans to migrate to DXtrade in the future.
Is there a minimum trading period?
Yes, the minimum trading period varies by challenge type. For the One-Phase Challenge, it's 1 day, while for the Two-Phase Standard Challenge, it's 5 days.
What is the maximum daily loss allowed?
For both challenge types, the maximum daily loss allowed is 5% of the account balance.
Does Tradicave offer a refund policy?
Yes, Tradicave offers a refund policy. For the Two-Phase Challenge, fees are refunded with the first payout. For the One-Phase Challenge, a refund is available with the fourth payout.
Are weekend holdings allowed?
Yes, Tradicave allows weekend holdings, offering flexibility for longer-term positions.
What is the leverage offered?
Tradicave offers a leverage of 1:100 for all account sizes and challenge types.
Last Note
Tradicave presents a compelling opportunity for traders seeking a dynamic and transparent trading environment. Based in Melbourne, Australia, this new proprietary firm offers a variety of challenges tailored to both novice and experienced traders. With account sizes ranging from $15,000 to $200,000 and a profit split of up to 80%.
Tradicave ensures competitive conditions for its traders. The firm supports trading across diverse instruments including Forex, Indices, Crypto, Metals, and more, all through the MT4 platform. While some limitations exist, such as the absence of a free trial and certain restrictions for U.S. residents, Tradicave's emphasis on low commissions, quick payouts, and excellent customer support makes it a noteworthy choice for traders looking to enhance their trading journey.
