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.
Contact Tradicave
Tradicave provides several ways for you to contact them like live chat, email: [email protected], and social media accounts.
Community Feedback for Tradicave
Tradicave has a Trustpilot rating of 4.2 stars from 49 reviews. 59% of reviewers gave it 5 stars, praising quick payouts and excellent customer support. Meanwhile, 16% rated it 1 star, complaining about payouts and deleted accounts. Tradicave responded to all reviews, explaining that accounts were deleted since rules were broken.
Platforms Used by Tradicave for Trading
Tradicave currently offers only one trading platform, MT4.
Tradicave: Instruments You Can Trade
At Tradicave, you can trade Forex, Indices, Crypto, Metals, Energies, and Stocks.
Payment Options at Tradicave
There are two payment options to choose from at Tradicave, Cryptocurrency and Bank Transfer.
Account Size Options in Tradicave
Tradicave offers five different account sizes:
- $15k
- $25k
- $50k
- $100k
- $200k
Understanding Profit Splits at Tradicave
One-Phase HFT:
- Payout 1 (30 days) – 60% profit split
- Payout 2 (21 days) – 70% profit split
- Payout 3 (14 days) – 80% profit split
- Payout 3 (14 days) – 80% profit split
- Payout 4+ (14 days) – 80% profit split + refund
Two-Phase Standard:
- Payout 1 (30 days) – 80% profit split + refund
- Payout 2 (14 days)
Tradicave Approach to Profit Targets
The 2-Phase challenges that contain two steps have an 8% profit target in the first step, and 5% in the second. The 1-Phase challenges have a profit target of 10%.
Drawdown Rules and Daily/Max Loss Policy at Tradicave
Tradicave has a pretty high maximum total loss limit in comparison to other prop firms. The total loss limit for 1-Phase challenges is 10%, and for the 2-Phase challenges it is 12%. The maximum daily loss for all challenges is 5%.
Minimum and Maximum Trading Days at Tradicave
Tradicave doesn’t limit its traders when it comes to the number of maximum trading days. But, the minimum number of trading days for the 2-Phase challenge is 5. The 1-Phase challenge doesn’t have a minimum number of trading days.
Step Challenges Available at Tradicave
| Challenge Type | $15,000 | $15,000 | $25,000 | $25,000 | $50,000 | $50,000 | $100,000 | $100,000 | $200,000 | $200,000 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Profit split | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% |
Costs of Entry for Tradicave Challenges
| 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 |
Commissions and Fees at Tradicave
| Trading Instrument | Commission per lot |
|---|---|
| Forex | $5 |
| Indices | $0.5 |
| Metals | $5 |
| Oil | $0.5 |
| Crypto | $5 |
Refund Options at Tradicave
Refunds at Tradicave are sent with the first payout for the 2-Phase challenges, and with the fourth payout for the 1-Phase challenges.
Does Tradicave Offer a Free Trial?
Tradicave doesn’t have free trials.
Payment Frequency at Tradicave
1-Phase Challenge Payout Frequency:
- 1st Payout (30 days)
- 2nd Payout (21 days)
- 3rd Payout (14 days)
- 4th Payout (14 days)
- 5th Payout (14 days)
2-Phase Standard Challenge Payout Frequency:
- 1st Payout (30 days)
- 2nd Payout (14 days)
Tradicave FAQ
Withdrawals at Tradicave typically take 3 to 5 business days.
Can US residents Buy challenges?
People in the US can’t buy challenges from Feb 20th. You can use Tradicave services if you’re a US citizen living abroad.
News Trading
At Tradicave, you can trade during news and events. You can also open trades during red folder news events.
Do you have a minimum withdrawal amount?
The minimum withdrawal amount at Tradicave is $100.
Is hedging allowed?
Hedging is allowed, but you’re not allowed to hedge between accounts.
