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Tradicave Review

Tradicave Review bestfxbrokers

Trading Platforms at Tradicave

You can use the MT4 platform to trade on Tradicave.

Contact Tradicave

You can contact Tradicave via:

Range of Instruments by Tradicave

Tradicave offers trading instruments like Forex, Indices, Crypto, Metals, Energies, and Stocks.

Payment Methods at Tradicave

You have two payment methods available at Tradicave: Cryptocurrency and Bank Transfer.

Available Account Sizes at Tradicave

Account sizes at Tradicave range from $15k to $200k.

Profit Split Structure at Tradicave

The profit split depends on the payout number and phase. The One-phase profit split for the first payout is 60%, and for the second payout, it’s 70%. Profit split for third, and every next payout is 80%. Two-Phase Challenge’s first payout has an 80% profit split.

Targeting Profits with Tradicave

One-phase challenges have a profit target of 10%. The 2-Phase challenges contain two steps, and each has different profit targets. The first step has an 8% profit target, and the second step has a 5% profit target.

Daily Loss and Drawdown Rules at Tradicave

Daily loss at Tradicave’s challenges is capped at 5%. The overall loss limit is 10% for the One-Step challenge, and 12% for the 2-Step challenge.

Minimum and Maximum Days for Trading at Tradicave

There are no maximum trading days at Tradicave, you can take your time and finish the evaluation. The 2-phase challenge has 5 minimum trading days, and the 1-phase challenge doesn’t have any.

Tradicave Challenges

Tradicave has two types of challenges, One-Phase and Two-Phase challenges.

Challenge Type$15,000$15,000$25,000$25,000$50,000$50,000$100,000$100,000$200,000$200,000
Steps2-steps1-step2-steps1-step2-steps1-step2-steps1-step2-steps1-step
Price$108$148$198$248$308$358$488$548$928$988
Leverage1:1001:1001:1001:1001:1001:1001:1001:1001:1001:100
Profit split80%80%80%80%80%80%80%80%80%80%

Pricing for Challenges

Challenge Type$15,000$15,000$25,000$25,000$50,000$50,000$100,000$100,000$200,000$200,000
Steps2-steps1-step2-steps1-step2-steps1-step2-steps1-step2-steps1-step
Price$108$148$198$248$308$358$488$548$928$988

Fees and Commission Structure

Trading InstrumentCommission per lot
Forex$5
Metals$5
Crypto$5
Oil$0.5
Indices$0.5

Refund Conditions at Tradicave

You can get a refund of the Tradicave fees with the first payout for the 2-Phase challenge, and with the 4th payout for the 1-Phase challenge.

Free Trials at Tradicave

There are no free trial options.

How Often Does Tradicave Prop Firm Pay Traders?

1-Phase Challenge Payments:

  • 1st Payout (30 days) 
  • 2nd Payout (21 days)
  • 3rd Payout (14 days)
  • 4th Payout (14 days) 
  • 5th Payout (14 days)

2-Phase Standard Challenge Payments:

  • 1st Payout (30 days) 
  • 2nd Payout (14 days)

The Good and Bad of Prop Firm Name

Pros

  • Transparency
  • Low commissions
  • Many trading instruments available
  • Refundable fees

Cons

  • New prop firm
  • FNo free trial option

Prop Firm Name FAQ

How long withdrawals take?

Three to five working days.

Can US residents Buy challenges?

No. From Feb 20th, US citizens can’t buy challenges.

News Trading

Trading during news and events is available, and you can also open trades during red folder news events.

Do you have a minimum withdrawal amount?

$100.

Is hedging allowed?

Yes, but it’s not allowed to hedge between accounts.


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