Traddoo Review
Traddoo is a proprietary trading firm that offers traders the opportunity to manage significant capital through flexible evaluation programs. The firm stands out with its unique features like unlimited challenge duration, daily payouts, and a generous scaling plan that can potentially lead to managing up to $5 million in capital.
Traddoo Review
Summary
Traddoo is a proprietary trading firm that offers traders the opportunity to manage significant capital through various evaluation programs. The firm provides two main account types: 1-phase and 2-phase challenges, with a low entry barrier starting at just $99. Traders can access account sizes ranging from $10,000 to $200,000, with attractive profit splits of up to 80%.
One of Traddoo’s strengths is the wide range of trading instruments available, including forex, cryptocurrencies, stocks, indices, metals, and CFDs—over 100 in total. Traders can use the popular platform TradeLocker, with leverage up to 1:30, depending on the instrument. Traddoo has also partnered with broker Eightcap to offer raw spread trading accounts.
The firm prides itself on flexible trading conditions, allowing for various strategies, including news trading, scalping, hedging, and the use of expert advisors. Notably, there are no time limits on challenges, allowing traders to complete them at their own pace. Risk management is enforced through daily drawdown limits of 4-5% and overall drawdown limits of 5-8%.
Traddoo runs regular trading competitions with cash prizes to keep traders engaged and motivated. They also offer a referral program that provides a 15% commission on initial referral deposits. Customer support is available 24/7 via email, live chat, and Discord, ensuring traders can get help whenever needed.
Perhaps one of the most appealing aspects of Traddoo is its scaling plan, which potentially allows successful traders to manage up to $5 million. This demonstrates the firm’s commitment to long-term trader development and success. While Traddoo aims to provide a supportive environment for both novice and experienced traders, it’s worth noting that the firm has some geographic restrictions and lacks structured educational resources beyond basic FAQs and blog posts. Despite these minor drawbacks, Traddoo presents an attractive option for traders looking to prove their skills and potentially manage significant capital.
As we progress through this review, we’ll examine the specific programs, conditions, and features that define the Traddoo experience more closely, providing you with the insights needed to determine whether this prop trading firm is the right fit for your trading goals and aspirations.
Traddoo Review
Programs
Traddoo offers three distinct evaluation programs designed to assess and fund talented traders. Each program caters to different trading styles and experience levels, providing opportunities for various types of traders to showcase their skills and potentially manage funded accounts.
One-Step Evaluation
The One-Step Evaluation program offered by Traddoo is a straightforward yet demanding assessment designed for traders ready to showcase their skills. This single-phase challenge requires traders to achieve a 14% profit target, with the advantage of an unlimited duration, allowing them to trade without the pressure of a strict time limit. The program mandates a minimum of one trading day. This means that traders can potentially fulfill the evaluation requirements in a single day of trading. Traders must adhere to a maximum daily drawdown of 4% and an overall drawdown of 7%, with leverage available up to 1:50. A 45% consistency rule is also in place during the evaluation phase. Notably, the program prohibits holding positions over weekends and news trading. Account sizes vary, with a starting fee of $79 for a $5,000 account and reaching $1099 for a $200,000 account, which is refundable upon successfully completing the challenge. Once traders pass the evaluation, they gain access to a funded STP account, where the maximum daily drawdown increases to 5% and the overall drawdown to 10%. This program is particularly suited for experienced traders confident in their ability to generate significant returns while managing risk effectively.
Two-Step Evaluation
The Two-Step Evaluation program at Traddoo is structured to provide a comprehensive assessment of a trader’s skills through two distinct phases. In the first phase, traders are required to achieve a 10% profit target, while the second phase has a slightly reduced target of 8%. Both phases offer the flexibility of an unlimited duration, allowing traders to meet the targets at their own pace. A minimum of one trading day is required for each phase, ensuring that traders demonstrate their abilities over at least one session. The program maintains a consistent risk management framework across both phases and the funded account, with a maximum daily drawdown of 5% and an overall drawdown limit of 10%. Leverage is set at up to 1:100, providing traders with ample opportunity to maximize their trading strategies. A 45% consistency rule applies during both evaluation phases, emphasizing steady performance. However, traders are not permitted to hold positions over weekends or during news events throughout the evaluation and funded phases. The initial refundable fee for the evaluation is $79, making it accessible for traders aiming to secure a funded account. Upon successful completion of the evaluation, traders transition to a funded STP account, where the same drawdown limits and leverage apply but without the profit targets, allowing for more flexible trading.
Traddoo Review
Conditions
Traddoo’s trading conditions reflect a balance between trader freedom and prudent risk management. Here’s what you need to know:
Drawdowns
Traddoo implements a comprehensive drawdown system to manage risk and promote responsible trading. The firm sets both daily and overall drawdown limits, which vary slightly between evaluation phases and funded accounts. For instance, in the One-Step Challenge, the daily drawdown limit is 4% during evaluation, increasing to 5% once funded. In comparison, the overall drawdown limit starts at 7% and rises to 10% for funded accounts. Traddoo uses an equity-based drawdown calculation, resetting daily based on the highest balance or equity at the end of each trading day. This approach rewards consistent performance and gives traders a fresh start each morning. Importantly, exceeding these limits at any point during evaluation results in failing the challenge, emphasizing the need for careful position management.
Payouts
Traddoo offers competitive profit splits for successful traders, allowing them to receive up to 90% profit split. Payouts are processed every 14 days (bi-weekly) with a minimum payout threshold of $100. This payout structure enables traders to access their earnings regularly and retain a significant portion of their profits.
Trading Days
The minimum trading day requirement is quite flexible. Just one trading day is needed in both the evaluation and verification phases. If traders can meet the profit targets in a single session, this allows them to complete the challenge quickly.
Trading Strategies
Traddoo supports a variety of trading strategies, but it’s important to note that certain restrictions apply. For instance, traders are generally not allowed to hold positions over weekends or during major news events in most programs, except for the Swing Trading Evaluation, which allows for more flexibility in this regard.
Scaling Plan
Traddoo offers a generous scaling plan designed to increase your account size significantly. By consistently achieving a 10% profit target, traders become eligible for a 50% balance increase every three months. This opportunity is available across all account types and can lead to managing up to $5 million, making it one of the most extensive scaling options in the industry. It’s an excellent chance for traders to expand their trading capital and maximize their earnings potential.
Refund Policy
Traddoo’s refund policy is pretty straightforward. If you haven’t activated or placed any trades on your account, you can request a refund within 14 days via email. However, if you’ve used the account or failed the challenge, you’re not eligible for a refund. Your evaluation fee is refunded once you pass both phases of the challenge. It’s important to note that your account will be temporarily suspended if you don’t log in and trade within 30 days of signing up. You can request access renewal within six months, but if you don’t, the service will be terminated without a refund.
Traddoo Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 90% |
| Scaling | Yes |
| News trading | No |
| Weekend trading | No |
| Automated trading | Yes |
| Free trial | Yes |
| Maximum leverage | 1:30 |
To round out its offering, Traddoo provides a suite of features designed to support traders in their journey:
Dashboard
Traddoo’s dashboard is designed to provide traders with a comprehensive and intuitive interface for managing their trading activities. It acts as a central hub where traders can easily monitor their account status, track performance metrics, and access essential trading tools. The dashboard offers real-time updates on account balances, open positions, and trading history, enabling traders to make informed decisions quickly. It integrates seamlessly with the TradeLocker platform, allowing traders to switch between analysis and execution without hassle. The user-friendly design ensures that both new and experienced traders can easily navigate the dashboard, making it a vital component of the trading experience at Traddoo. Whether checking your progress in an evaluation phase or managing a funded account, the dashboard keeps all the critical information at your fingertips.
Trading Platforms
Traddoo offers the TradeLocker platform, which is notable for being the first web-based trading platform to natively integrate TradingView. TradeLocker is designed to be user-friendly and provides seamless access to global financial markets. It offers a wide array of trading tools and features to assist traders in making informed decisions.
The platform is particularly suitable for traders who prefer quick and easy access, as it can be used from any device with an internet connection. TradeLocker also offers apps for both Android and iOS, making it convenient for traders on the go.
Support
Traddoo provides several ways for traders to contact their support team. If you have any questions or issues, you can reach out via their contact form, where you can select the subject of your inquiry, such as demo/live accounts, order problems, withdrawals, or other topics. This system is designed to streamline communication and ensure your queries are directed to the appropriate department for a prompt response. While the exact details of their support hours aren’t specified, having a structured contact method suggests a commitment to addressing trader concerns.
Raw Spread Accounts
Through its partnership with Eightcap, Traddoo offers raw spread trading accounts. This provides traders with a direct link to the interbank market, potentially resulting in tighter spreads and more competitive trading conditions.
Knowledge Base
Traddoo’s comprehensive knowledge base is a valuable resource for traders. It includes educational materials, guides, and FAQs covering various aspects of trading and using the platform. This resource is designed to help traders improve their skills and understanding of the market. It is a great tool for both beginners and experienced traders looking to enhance their strategies.
Free Trial
Traddoo’s free trial allows traders to experience the platform’s features without any upfront investment. Successful traders who achieve a 10% profit target in the trial can transfer 5% of these gains to an evaluation account, effectively starting their professional journey with a profit advantage.
Traddoo Review
Conclusion
Traddoo offers a robust platform for traders looking to prove their skills and potentially manage significant capital. With flexible evaluation programs, a user-friendly TradeLocker platform, and a supportive environment, it caters well to new and experienced traders. The unlimited duration for challenges and the opportunity to scale accounts are definite strengths, providing ample room for growth. However, traders should be mindful of the strict drawdown limits and the refund policy conditions, as these can impact their trading journey. Overall, Traddoo presents a balanced mix of opportunity and challenge, making it an appealing choice for those ready to take their trading to the next level.
Traddoo Review
