Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.
Tradicave is a new proprietary firm owned by Adi Farel, established in January 2024. It’s registered in Melbourne, Australia.
Platforms for Trading at Tradicave
Currently, the only trading platform Tradicave offers is MT4.
How to Contact Tradicave
There are several ways you can contact Tradicave. You do it via live chat, social media accounts, and email: [email protected].
What Instruments Does Tradicave Offer?
Forex, Indices, Crypto, Metals, Energies, and Stocks.
Options for Payment at Tradicave
You have two payment options at Tradicave: Cryptocurrency and Bank Transfer.
Different Account Sizes at Tradicave
Tradicave has five different account sizes that range from $15k to $200k.
Tradicave Approach to Profit Sharing
One-Phase challenge profit share that comes with the first payout is 60%. The second payout has a 70% profit share, and every next has a 80% profit split. Two-Phase challenges have an 80% profit share.
Profit Goals at Tradicave
Profit goals at Tradicave depend on the challenges. The 2-Phase challenges have a profit goal of 8% for the first step, and 5% for the second step. The 1-Phase challenges have a profit goal of 10%.
Tradicave: Loss and Drawdown Limits
The total drawdown limit for the 1-Phase challenges is 10%, and 12% for the 2-Phase challenges. All challenges have a maximum daily loss of 5%.
Tradicave Minimum/Maximum Trading Day Requirements
You’re not limited when it comes to the maximum trading days at Tradicave. The 1-Phase challenge doesn’t have a minimum number of trading days, while the 2-phase challenge has 5.
Cost of Joining Tradicave Challenge
| 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 |
Understanding Fees and Commissions at Tradicave
| Trading Instrument | Commission per lot |
|---|---|
| Forex | $5 |
| Metals | $5 |
| Crypto | $5 |
| Oil | $0.5 |
| Indices | $0.5 |
Are Fees at Tradicave Refundable?
Yes, fees are refundable at Tradicave. They will be sent to you with the first payout for the 2-Phase challenge, and with the fourth payout for the 1-Phase challenge.
Trial Periods Available at Tradicave
There are no trial periods at Tradicave.
Frequency of Payouts
1-Phase Challenge Payouts:
- 1st Payout (30 days)
- 2nd Payout (21 days)
- 3rd Payout (14 days)
- 4th Payout (14 days)
- 5th Payout (14 days)
2-Phase Challenge Payouts:
- 1st Payout (30 days)
- 2nd Payout (14 days)
Pros vs. Cons based on Trustpilot reviews
- Great customer support
- Fast payouts
- No hidden rules
- Customer support can sometimes be slow
- New proprietary firm
Tradicave FAQ
Withdrawals take 3 to 5 business days.
Can US residents Buy challenges?
From Feb 20th, US citizens can’t buy challenges, but if you’re a US citizen living abroad, you can use the Tradicave services.
News Trading
You can trade during news and events, including opening trades during events marked as red folders.
Do you have a minimum withdrawal amount?
Yes, the minimum withdrawal is $100.
Is hedging allowed?
Hedging at Tradicave is allowed.
