Tradicave Review
Tradicave is a dynamic proprietary trading firm founded in January 2024 and registered in Melbourne, Australia. The company offers traders a unique gamified experience with two distinct evaluation programs: the 1-Phase and 2-Phase Adventures.
Tradicave Review
Summary
Tradicave is a dynamic and innovative proprietary trading firm that offers traders a unique and engaging experience. Founded in January 2024 by Adi Farel, Tradicave is registered in Melbourne, Australia. The firm has quickly established itself as a prominent player in the prop trading industry, attracting traders from around the globe with its competitive trading conditions and comprehensive reward system.
One of the standout features of Tradicave is its gamified trading experience. The firm seamlessly integrates learning, enjoyment, and rewards throughout the trader’s journey, creating an environment that fosters growth and success. Traders can choose between two distinct challenge types: the 1-Phase Adventure, which offers a streamlined evaluation process with weekly payouts, and the 2-Phase Adventure, which provides a more traditional evaluation approach with an impressive 80% profit split.
Tradicave offers a wide range of trading instruments, including Forex, Indices, Crypto, Metals, Energies, and Stocks. Traders can access these markets through the popular DXtrade platform, which is known for its user-friendly interface and robust trading tools. The firm has partnered with Eightcap, a reputable broker, to provide industry-leading spreads and commissions, ensuring optimal trading conditions for its clients.
One of the most appealing aspects of Tradicave is the potential to trade with simulated funds up to $200,000. This substantial capital base allows traders to showcase their skills and implement their strategies on a larger scale. The firm offers five different account sizes, ranging from $15,000 to $200,000, catering to traders with varying levels of experience and risk tolerance.
Tradicave’s trading conditions are among the most competitive in the industry. The firm offers leverage up to 1:100, allowing traders to maximize their potential profits. The profit targets for the challenges are achievable, with the 1-Phase Adventure requiring a 10% target and the 2-Phase Adventure split into an 8% target for the first phase and a 5% target for the second phase. The maximum daily loss is capped at 5%, while the maximum total loss is set at 10% for the 1-Phase Adventure and 12% for the 2-Phase Adventure, providing traders with a clear risk management framework.
The firm’s payout structure is designed to reward consistent performance. In the 1-Phase Adventure, profit splits start at 60% for the first payout and increase to 80% for subsequent payouts. The 2-Phase Adventure offers an impressive 80% profit split from the first payout onwards. Payouts are processed bi-weekly, ensuring that traders can access their earnings quickly and regularly. Tradicave’s customer support is highly regarded, with a dedicated team available to assist traders via live chat, social media, and email. The firm also offers a comprehensive FAQ section on its website, addressing common questions and concerns.
Let’s take a closer look at the specific features, programs, and conditions offered by Tradicave to gain a better understanding of what sets this prop firm apart from the competition.
Tradicave Review
Programs
Tradicave offers two distinct programs designed to cater to different trading styles and preferences. Let’s explore the 1 Phase Adventures and 2 Phase Adventures in more detail.
1 Phase Adventures
The 1 Phase Adventures program is tailored for traders who prefer a straightforward path to funding. It includes multiple account sizes, each with specific conditions:
- Amethyst $15,000: Traders start with a minimum of 5 trading days and have no maximum limit. The leverage is set at 1:30, with a profit target of 3%. The program allows a maximum daily loss of 5% and a total loss of 15%, with a profit split of up to 25%. The fee for this account is $159.
- Emerald $25,000: Similar to the Amethyst account, this option also has a minimum of 5 trading days and unlimited maximum trading days. It offers the same leverage, profit target, and loss limits as Amethyst but requires a higher fee of $269.
- Sapphire $50,000: This account follows the same structure as the previous ones, with identical trading conditions but at a fee of $379.
- Ruby $100,000: With the same conditions as smaller accounts, this option is priced at $589.
- Diamond $200,000: The largest account in this phase, it maintains the same conditions as others in the 1 Phase Adventure but costs $1,109.
2 Phase Adventures
The 2 Phase Adventures program is designed for traders seeking more rigorous evaluation stages. It provides higher leverage and profit opportunities:
- Amethyst $15,000: This program requires a minimum of 5 trading days with unlimited maximum days. Leverage is increased to 1:100, with profit targets set at 8% for the first phase and 5% for the second phase. The maximum daily loss is capped at 5%, while the total loss limit is 12%. Traders can earn an 80% profit split. The fee for this account is $108.
- Emerald $25,000: Following similar conditions as Amethyst but at a higher fee of $198.
- Sapphire $50,000: Offers the same leverage and profit targets as other accounts in this phase, with a fee of $308.
- Ruby $100,000: Maintains consistent conditions across accounts in this phase for a fee of $488.
- Diamond $200,000: The largest account in the 2 Phase Adventure series costs $928 and offers identical conditions to its smaller counterparts.
Tradicave Review
Conditions
Tradicave’s trading conditions are carefully crafted to provide traders with a balanced and supportive environment. Here’s a closer look at the key conditions that define the Tradicave experience.
Drawdowns
Tradicave’s drawdown policy is designed to provide traders with a clear and manageable risk framework. The firm sets a maximum daily loss limit of 5% across both the 1 Phase and 2 Phase Adventure programs. This limit ensures that traders maintain discipline and avoid excessive risk-taking on any single day. Additionally, the maximum total loss is capped at 10% for the 1 Phase Adventure and 12% for the 2 Phase Adventure. By establishing these boundaries, Tradicave helps traders focus on long-term success rather than short-term gains, fostering a stable trading environment where calculated risks can be taken with confidence.
Profit Targets
Profit targets are an essential component of Tradicave’s evaluation process, designed to challenge traders while providing achievable goals. In the 1 Phase Adventure, traders are tasked with reaching a profit target of 10%, which requires strategic planning and disciplined execution. The 2 Phase Adventure introduces a tiered target system, with an 8% goal in the first phase and a more modest 5% in the second phase. This structure allows traders to demonstrate their ability to generate consistent returns over time, rewarding those who can sustain performance through varying market conditions.
Trading Days
Flexibility in trading days is a hallmark of Tradicave’s approach, allowing traders to operate at their own pace. The 1 Phase Adventure requires just one minimum trading day, offering a rapid path for those ready to meet their targets quickly. Meanwhile, the 2 Phase Adventure necessitates a minimum of five trading days, encouraging traders to develop and execute strategies over a longer period. Importantly, there is no maximum trading day limit in either program, granting traders the freedom to take as much time as needed to achieve their objectives without undue pressure.
Permitted Strategies
Tradicave allows a wide range of trading strategies, giving traders considerable flexibility in their approach. Traders can use Expert Advisors (EAs), implement hedging within the same account, and employ various trading styles such as scalping, day trading, and swing trading. The firm permits news trading, including during high-impact events, and allows weekend holdings. Martingale strategies, often restricted by other prop firms, are also allowed at Tradicave. This openness to diverse strategies enables traders to utilize their preferred methods and potentially capitalize on various market conditions.
Prohibited Strategies
Despite its generally permissive approach, Tradicave does prohibit certain strategies to maintain fairness and prevent system exploitation. Grid trading and grid trading software are not allowed during the funded phase. Latency arbitrage, which takes advantage of price discrepancies due to data transmission delays, is strictly forbidden. Hedging across multiple accounts is prohibited, as is exploiting news volatility with guaranteed limit order fills. The use of delayed data feeds for risk-free profit is not permitted. Copy trading from third-party IP addresses and managing accounts for others are also disallowed. These restrictions are in place to ensure that trading strategies can be replicated in live market conditions and to prevent manipulation of the firm’s systems.
Profit Split and Payout Structure
Tradicave offers an attractive payout structure designed to reward consistent performance. Traders can receive up to 80% of their profits, with payouts processed bi-weekly. This frequent payout schedule ensures that successful traders have regular access to their earnings, providing a steady cash flow. The profit split starts at 60% for the first payout in the 1-Phase Adventure and increases to 70% for the second, reaching up to 80% for subsequent payouts. In the 2-Phase Adventure, traders enjoy an 80% profit split from the first payout onwards. Withdrawals are typically processed within 3 to 5 business days, and the minimum withdrawal amount is set at $100 USD. This competitive payout system, combined with efficient processing times, makes Tradicave an appealing choice for traders looking to monetize their skills quickly and consistently.
Refund Policy
In an industry where financial risk is inherent, Tradicave’s refund policy offers a reassuring safety net for participants. Traders who encounter challenges during the evaluation process are eligible for full refunds, demonstrating the firm’s confidence in its programs and commitment to trader satisfaction. This policy reduces the financial burden on traders and encourages them to engage with the evaluation process without fear of losing their initial investment.
Scaling Plan
As of now, Tradicave does not offer a formal scaling plan for traders. This means that traders who demonstrate consistent performance and profitability do not have the option to increase their account size beyond the initial funding levels provided by the 1 Phase or 2 Phase Adventure programs. While some prop firms offer scaling plans that allow traders to grow their accounts based on their success, Tradicave currently maintains fixed account sizes without additional scaling opportunities.
Tradicave Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 80% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Tradicave boasts an impressive array of features that set it apart from other prop firms. Let’s delve into the unique aspects that make Tradicave an attractive choice for traders.
Trading Platforms
Tradicave partners with DXtrade to provide traders with a modern and user-friendly trading platform. DXtrade offers a web-based interface and mobile apps for both iOS and Android, allowing traders to access their accounts and execute trades from anywhere. The platform features customizable layouts, advanced charting tools, and real-time market data.
DXtrade supports various order types and includes risk management tools such as pre-configured stop-loss and take-profit levels. While not as widely known as MetaTrader 4 or 5, DXtrade is designed to offer a seamless trading experience with its intuitive interface and comprehensive feature set, catering to both novice and experienced traders.
Support Offered
Tradicave provides multiple support channels to assist traders throughout their journey. The firm offers a live chat feature on its website, allowing traders to get real-time assistance with any queries or issues they may encounter. Additionally, Tradicave can be contacted via email and social media platforms, ensuring that support is accessible through various means. This comprehensive support system aims to enhance the trader experience by providing timely and effective solutions to any challenges that arise.
Knowledge Base
While specific details about Tradicave’s knowledge base are limited, the firm emphasizes a supportive trading environment that encourages learning and growth. Traders can expect access to educational resources that help them understand market dynamics and improve their trading skills. This focus on education is crucial for empowering traders to make informed decisions and develop effective strategies.
Dashboard
Tradicave offers an advanced dashboard system designed to streamline the trading experience. This dashboard provides traders with real-time insights into their account performance, including metrics such as profit/loss, drawdown levels, and trade history.
The intuitive interface allows traders to monitor their progress easily and make data-driven decisions. By offering a comprehensive overview of trading activities, the dashboard enhances transparency and helps traders stay on top of their performance.
Wide Range of Trading Instruments
Tradicave offers a comprehensive selection of trading instruments, including Forex, Indices, Crypto, Metals, Energies, and Stocks. This diverse range allows traders to apply their skills across multiple markets and potentially diversify their trading strategies.
Transparent Commission Structure
Tradicave provides a clear and competitive commission structure, with fixed rates for different instrument types. This transparency helps traders accurately calculate their costs and potential profits, enabling more precise strategy planning.
Broker Integration
Tradicave partners with Eightcap as its broker, providing traders with access to competitive spreads and commissions. This partnership ensures that traders benefit from optimized market conditions, which can enhance trading efficiency and profitability. Eightcap’s reputation for reliability further supports Tradicave’s commitment to offering a seamless trading experience.
Affiliate Program
Tradicave features an affiliate program that allows participants to earn commissions by promoting the firm’s services. Affiliates receive a 10% commission on each purchase made through their referral links, with payments processed twice a month. This program provides an opportunity for individuals to generate additional income by leveraging their network and promoting Tradicave’s offerings.
Tradicave Review
Conclusion
In conclusion, Tradicave offers a compelling package for traders looking to prove their skills and earn funding. With its flexible evaluation challenges, generous profit-sharing system, and access to a wide range of trading instruments, the firm provides ample opportunities for traders to succeed. The ability to use High-Frequency Trading in the 1-Phase challenge and the straightforward refund policy are standout features that add to its appeal. However, the absence of a scaling plan might be a limitation for those looking to grow their accounts over time. Overall, Tradicave’s unique features and trader-friendly conditions make it a strong contender in the prop trading space, but it’s important for traders to weigh these strengths against their personal trading goals and preferences.
Tradicave Review
