Tradicave, owned by Adi Farel is a new prop firm established in January 2024 in Melbourne, Australia. There are two types of challenges to choose from. Both of them are created for experienced and beginner traders.
What Trading Platforms Does Tradicave Have?
Tradicave has only one trading platform available, MT4.
Trading Instruments at Tradicave
There are several trading instruments you can trade at Tradicave, Forex, Crypto, Metals, Indices, Stocks, and Energies.
Payment Methods at Tradicave
At the moment, there are two payment methods at Tradicave, Bank Transfer and Cryptocurrency.
Exploring Account Size Options at Tradicave
You have five different account sizes to choose from at Tradicave.
How Tradicave Shares Profits
The profit split varies based on the payout number and phase. For One-phase challenges, the first payout is split 60%, the second 70%, and all subsequent payouts are split 80%. In Two-Phase Challenges, the first payout has an 80% profit split.
Setting the Bar: Profit Targets at Tradicave
The profit target varies based on the challenge type and step. For 1-Phase challenges, it’s 10%. For 2-Phase challenges, it’s 8% in the first step and 5% in the second step.
Drawdown Rules and Loss Limits at Tradicave
The total drawdown limit for 1-Phase challenges is 10%, and for 2-Phase challenges, it’s 12%. All challenges have a maximum daily loss of 5%.
Number of Trading Days Allowed
There’s no maximum limit on trading days at Tradicave. The 1-Phase challenge has no minimum trading day requirement, while the 2-Phase challenge requires at least 5 trading days.
Cost of Entry for Tradicave Challenge
| 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 |
Fees and Commissions: What to Expect at Tradicave
| Trading Instrument | Commission per lot |
|---|---|
| Forex | $5 |
| Indices | $0.5 |
| Metals | $5 |
| Oil | $0.5 |
| Crypto | $5 |
Information on Refunds at Tradicave
Refunds at Tradicave are sent with the first payout for 2-Phase challenges and with the fourth payout for 1-Phase challenges.
Free Trials
Tradicave doesn’t have free trials.
Payout Timeline at Tradicave
1-Phase Challenge Payout Schedule:
- 1st Payout: Every 30 days
- 2nd Payout: Every 21 days
- 3rd Payout: Every 14 days
- 4th Payout: Every 14 days
- 5th Payout: Every 14 days
2-Phase Standard Challenge Payout Schedule:
- 1st Payout: Every 30 days
- 2nd Payout: Every 14 days
Weighing the Pros and Cons of Tradicave (According to Trustpilot reviews)
- Good customer support
- Fast payouts
- Clear rules
- Customer support can be slow
- New firm
Tradicave FAQ Section
Withdrawals take around 3 to 5 business days.
Can US residents Buy challenges?
Starting from February 20th, residents of the US are unable to buy challenges. If you’re a US citizen living abroad with a valid resident ID, you can still useTradicave’s services.
News Trading
You have the flexibility to trade during news and events, including opening trades during red folder news events.
Do you have a minimum withdrawal amount?
$100.
Is hedging allowed?
Hedging is allowed at Tradicave, but hedging between accounts is not allowed.
How can I contact Tradicave?
Live chat, social media accounts, and email:[email protected].
