Tradeify FAQ
Your complete 2026 guide to Tradeify 3.0, payouts & automation
An independent, regularly-updated reference for Tradeify traders. Tradeify (founded June 2024 by Brett Simberkoff and Vinan Mistry, Boca Raton, FL) launched 3.0 in March 2026 with one-time fees and $0 activation. We cover the Select / Growth / Lightning plan families, the Elite Live real-money tier ($80K cumulative consideration threshold), the ZERO news-trading restrictions across every plan, the WealthCharts (added Feb 22, 2026) and TradeSea (launched March 24, 2026) platform stack, automation rules (explicitly allowed), and TradingView webhook trading via PickMyTrade. Current as of May 2026.
We strive for accuracy, but prop firm rules change frequently — always verify details on the official firm website before funding an account or trading.
📋 Table of Contents
Tradeify Basics
10 answersWhat is Tradeify and how does it work?
Is Tradeify a legit prop firm or a scam?
Who owns Tradeify and where is the company based?
When was Tradeify founded?
Is Tradeify regulated?
How does Tradeify make money if traders keep 90%?
Is Tradeify the same as Tradify or Tradeify Crypto?
What is Tradeify's Trustpilot rating in 2026?
What awards has Tradeify won recently?
Is Tradeify still worth it after the 3.0 update?
Account Types: Select, Growth, Lightning, Elite Live
12 answersWhat account types does Tradeify offer in 2026?
What's the difference between Select, Growth, and Lightning?
Should I pick Select Daily or Select Flex after passing?
Can I switch from Growth to Select after buying?
What's a Sim Funded vs Live Funded account?
What is Tradeify Elite Live?
Does Tradeify still offer the Advanced Challenge plan?
Is Lightning Funded really "instant funding" with no eval?
Which Tradeify plan is easiest to pass?
Which plan is best for swing traders?
Which plan is best for scalpers?
What is the Straight-to-Sim (S2F) account?
Plan Sizes & Pricing
10 answersWhat account sizes does Tradeify offer?
How much does the Growth evaluation cost?
How much does the Select evaluation cost?
How much does Lightning Funded cost?
Why is the 25K plan only available for Select and Lightning?
Are there activation fees on Tradeify accounts?
Do funded accounts have monthly/recurring fees?
Are Tradeify discount codes legit?
What's the biggest active Tradeify discount?
Do promo codes work on resets and refreshes?
Profit Targets & Eval Pass
10 answersWhat's the profit target for Growth $50K?
What's the profit target for Growth $100K and $150K?
What's the profit target for Select $25K / $50K / $100K / $150K?
Does Lightning Funded have a profit target?
What's the minimum number of trading days to pass Select?
Can I pass the Growth eval in one day?
Is there a time limit to pass the Tradeify evaluation?
Do weekends or holidays count as trading days?
What counts as a "trading day"?
What happens the moment I hit my profit target?
Drawdown Rules
10 answersDoes Tradeify use trailing or static drawdown?
Is the drawdown intraday or end-of-day (EOD)?
How does Tradeify EOD trailing drawdown work?
When does my Tradeify drawdown lock and become static?
What is the $100 buffer rule for drawdown locking?
What is the max drawdown on Growth $50K / $100K / $150K?
What is the max drawdown on Select $25K / $50K / $100K / $150K?
What is the max drawdown on Lightning $25K / $50K / $100K / $150K?
What happens if I hit the trailing drawdown?
Does open-position P&L affect the drawdown?
Daily Loss Limit & Consistency Rule
12 answersDoes Tradeify have a daily loss limit (DLL)?
What are the DLL amounts for Growth accounts?
What are the DLL amounts for Lightning accounts?
Does Select have a daily loss limit during evaluation?
Does Select have a DLL once funded?
Is the DLL a soft breach or a hard fail?
When does my DLL increase to match the drawdown?
What is the Tradeify consistency rule?
Is consistency 35%, 40%, or 20% — which applies?
Did the Lightning consistency rule change in September 2025?
Does the consistency rule reset after each approved payout?
Does Growth funded have a consistency rule?
Payouts
14 answersWhat is Tradeify's profit split?
How fast does Tradeify pay out?
Does Tradeify really do ultra-fast same-hour payouts?
What is the minimum payout amount on Lightning?
What is the minimum payout amount on Select Flex?
What are Select Daily payout caps by account size?
What are Select Flex payout caps?
What is the Growth funded buffer for first payout?
How many winning days do I need for a Select Flex payout?
Can I get a payout on Lightning after 1 day?
What payout methods does Tradeify offer?
Can I get paid in crypto/USDC?
How long do bank transfer payouts take?
Will I get a 1099 from Tradeify?
Scaling, Contract Limits & Multi-Account
10 answersWhat are the contract limits during evaluation?
Why are funded contract limits lower than eval limits?
What are the scaling thresholds on Sim Funded?
How do I unlock the full 12 minis / 120 micros on a 150K?
Does the contract limit reset after a payout?
Can I trade only mini contracts?
Can I mix MES and MNQ?
Why can't I hold 4 minis and 40 micros at the same time?
How many funded accounts can I have at once?
Can I have Growth + Select + Lightning at the same time?
Trading Rules: News, Hedging, Hours
12 answersDoes Tradeify allow hedging on the same instrument?
Does Tradeify allow hedging across accounts?
What is the 10-second grace period for opposite positions?
Can I hold MES and ES at the same time?
What instruments can I trade?
Are crypto futures allowed?
Does Tradeify restrict news trading?
Can I trade NFP, CPI, FOMC?
What are Tradeify's permitted trading hours?
Can I hold positions overnight or past 4:59 PM ET?
What is the microscalping rule?
Is account inactivity a fail risk?
Automation, EAs & PickMyTrade
14 answersDoes Tradeify allow automated trading / EAs / bots?
Can I run a personal trading bot on Tradeify?
Is HFT considered automation and banned?
Can I use TradingView alerts to auto-trade Tradeify?
How do I connect TradingView to Tradeify using PickMyTrade?
Does PickMyTrade work with Tradovate at Tradeify?
Does PickMyTrade support Rithmic for Tradeify?
Can I copy trades from one Tradeify account to another with PMT?
Does Tradeify allow copy trading across multiple accounts?
Is Tradovate's built-in Group Trading allowed at Tradeify?
Can I use the PickMyTrade trade copier with Tradeify accounts?
What's the easiest way to automate a Pine Script strategy on Tradeify?
Is webhook automation allowed during the evaluation phase?
Can a bot break the consistency rule for me without me realizing?
Platforms (incl. TradeSea)
14 answersWhat platforms does Tradeify support?
Is Tradovate the default platform on Tradeify?
How do I set up Tradovate with my Tradeify account?
Do I need to sign a market data agreement?
How long does it take to get live data after the agreement?
Does Tradeify support Rithmic?
What is R|Trader Pro and how do I connect?
What is TradeSea and is it free?
Is TradeSea actually a TradingView-based platform?
What AI features does TradeSea include?
Can I use Quantower with Tradeify?
Can I use NinjaTrader with Tradeify?
Why is NinjaTrader Brokerage Elite Live only?
Does Tradeify offer a mobile app?
Tradeify Elite Live
10 answersWhat's the difference between Sim Funded and Elite Live?
How do I qualify for Elite Live?
Do I need 3 payouts on one account, or 10 across multiple?
Is Elite Live qualification automatic?
At what cumulative payout total am I considered for Elite Live?
Does Elite Live still have a daily loss limit?
What contract limits does Elite Live have?
What is the Performance Reward Pool on Elite Live?
Who is the actual broker for Elite Live?
Is Elite Live real money or still simulated?
KYC, Tax, Country Eligibility
8 answersWhen is KYC required — eval or first payout?
What documents do I need for Tradeify KYC?
Does Rise handle KYC or does Tradeify?
Will I get a US 1099-NEC from Tradeify?
What countries are fully banned by Tradeify?
Can Canadians (Ontario) trade with Tradeify?
Why was my account disabled or "discontinued"?
What happens to a funded account if I miss the weekly trading requirement?
Tradeify vs Competitors
4 answersTradeify vs Apex Trader Funding — which is better in 2026?
Tradeify vs Topstep — pros/cons?
Tradeify vs MyFundedFutures (MFFU) — which has better rules?
Why did a major Tradeify affiliate stop promoting them?
Automate Tradeify with TradingView
Tradeify explicitly allows personal automation bots. PickMyTrade routes TradingView alerts to your Tradeify Tradovate account. $50/month flat across all your Tradeify accounts.
Start Free TrialDisclaimer
This FAQ is for informational and educational purposes only and is not financial, legal, or tax advice. Tradeify rule references are compiled from tradeify.co, help.tradeify.co, the official Tradeify Funded Trader Agreement, real user discussions in trader forums (prop firm forums, day trader forums, trader forums), the official Tradeify Discord (80,000+ members as of March 2026), Trustpilot reviews (4.6-4.8/5 across 2K+), $150M+ in verified payouts, and our day-to-day work helping traders automate Tradeify accounts. Tradeify updates rules quarterly — verify directly on the official help center.
Tradeify is operated by Tradeify FX LLC (Boca Raton, Florida), co-founded in June 2024 by Brett Simberkoff (CEO) and Vinan Mistry. The Tradeify 3.0 update launched March 2026 with major changes: subscriptions eliminated, activation fees set to $0, Select/Growth/Lightning plan families replaced legacy Growth vs Advanced structure, Elite Live real-money tier launched with $80K cumulative payouts as the consideration threshold (Tradeify reviews holistically; promotion is not automatic), WealthCharts platform added Feb 22, 2026, ProjectX discontinued at Tradeify on Feb 28, 2026 (Topstep exclusivity), and TradeSea AI-powered TradingView-based platform launched March 24, 2026 in beta. The Advanced Challenge plan was retired December 2025; legacy holders are grandfathered. News trading carries ZERO restrictions across every plan family as of April 2026.
PickMyTrade is an automation bridge. PickMyTrade is not a broker, not a prop firm, and not affiliated with Tradeify. PMT does not hold customer funds, does not place trades without your alert, and does not guarantee trade outcomes.
Past performance does not predict future results. Prop firm trading carries a real risk of loss. Most Tradeify accounts are sim-funded; Elite Live is the real-capital tier. Consult a licensed financial advisor and a tax professional before trading.
"Tradeify," "TradeSea," "WealthCharts," "Tradovate," "Rithmic," "NinjaTrader," "Sierra Chart," "TradingView," "Pine Script," "PickMyTrade" are trademarks of their respective owners. Subreddit names are independent communities not affiliated with Tradeify or PickMyTrade.
Last updated: May 2026. Reflects Tradeify 3.0 (March 2026), founder/HQ corrections (June 2024 launch by Brett Simberkoff & Vinan Mistry, Boca Raton, FL), per-plan profit split clarification, $1,000 minimum payouts, ProjectX discontinuation (Feb 28, 2026), WealthCharts addition (Feb 22, 2026), Lightning consistency rule change (September 2025), TradeSea launch (March 24, 2026), and zero news restrictions (April 2026).