Tradicave is a young proprietary firm established in January 2024. It’s registered in Melbourne, Australia. The owner of Tradicave is Adi Farel. Like all prop firms, Tradicave has a unique evaluation process for traders to pass in order to trade with them.
Contact Tradicave
If you want to contact Tradicave, you can do it via live chat, social media accounts, and email: [email protected].
Tradicave Available Trading Platforms
You can trade at Tradicave using the MT4 platform.
Trading Instruments Offered at Tradicave
Trading instruments offered at Tradicave are:
- Forex
- Indices
- Metals
- Crypto
- Energies
- Stocks
Payment Options at Tradicave
Tradicave offers two payment options, Bank Transfer and Cryptocurrency.
Account Size Varieties at Tradicave
You can choose from five different account sizes:
- $15k
- $25k
- $50k
- $100k
- $200k
Profit Share Dynamics in Tradicave
One-Phase HFT Challenge Type:
- 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 Challenge Type:
- Payout 1 (30 days) – 80% profit split + refund
- Payout 2 (14 days)
Profit Targets Across Challenges
The profit target depends on the challenge type and step. The 1-Phase challenges require a 10% profit target. The 2-Phase challenges require a profit target of 8% in the first step, and 5% in the second step.
Max Daily/Total Loss and Drawdown Rules at Tradicave
The maximum daily loss is the same for all challenges, 5%. The maximum overall loss in the One-Phase challenge is 10%, and in the Two-Phase it’s 12%.
Maximum/Minimum Trading Days Policy at Tradicave
There are no maximum trading days at Tradicave. The minimum number of trading days is 5 for the 2-Phase challenge, while the 1-Phase challenge doesn’t have a minimum of trading days.
How to Pass Tradicave Challenges
Like all prop firm challenges, the key to passing the evaluation is consistency, strategy, and risk management.
Challenge Participation Fees
| 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 |
| Indices | $0.5 |
| Metals | $5 |
| Oil | $0.5 |
| Crypto | $5 |
Are Fees Refundable at Tradicave
Yes, fees at Tradicave are refundable. In order to get a refund, you first need to finish the challenges. After you finish the 2-Phase challenge, the refund will be sent with the first payout. Upon finishing the 1-Phase challenge, the refund will be sent to you with the fourth payout.
Does Tradicave Offer Free Trials?
No, Tradicave doesn’t offer free trials.
Payout Intervals at Tradicave
1-Phase Challenge Payout Intervals:
- 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 Intervals:
- 1st Payout (30 days)
- 2nd Payout (14 days)
Breaking Down Tradicave Pros and Cons (According to Community Reviews)
- Good customer support
- Fast payouts
- Transparency
- Customer support can be slow
- New prop firm
Tradicave FAQ Section
Withdrawals usually take 3 to 5 business days.
Can US residents Buy challenges?
From Feb 20th, if you’re from the US, you can’t buy challenges. But, you can use the Tradicave services if you’re a US citizen living abroad with a valid resident ID.
News Trading
You’re able to trade during news and events. You’re also able to open trades during red folder news events at Tradicave.
Do you have a minimum withdrawal amount?
$100.
Is hedging allowed?
Hedging at Tradicave is allowed. But, it’s not allowed to hedge between accounts.
