Tradeify Funded Trader Agreement

Last modified: 21st February 2024

PREAMBLE

This Agreement (“Agreement”) is entered into by and between You the ‘Trader’ and Tradeify Holdings, Corp and their affiliates, successors and/or assigns (collectively, the “Company,” “we,” or “us”).

1. TRADER APPOINTMENT

1.1 Independent Contractor Status: The Company hereby appoints the Trader as an independent contractor to manage and execute electronic trade orders on the Company’s proprietary trading platforms. The Trader acknowledges and agrees that they are not an employee or agent of the Company and shall not represent themselves as such.

1.2 Trading Equipment: The Company may provide the Trader with specific equipment, software, and related electronic tools to facilitate trading activities. The Trader agrees to use this equipment exclusively for trading on the Company’s platforms.

1.3 Approved Platforms: The Trader shall utilize only the trading platforms and tools explicitly sanctioned by the Company. Any deviation from this requires the Company’s prior written consent.

1.4 Surveillance and Compliance: The Company utilizes advanced surveillance systems to monitor all trading activities. Suspicious or non-compliant trading behaviors may result in immediate account restrictions or termination.

1.5 Account Funds: All funds in the trading account remain the sole property of the Company. The Trader acknowledges they have no ownership or claim over these funds, which are exclusively demo funds unless otherwise stated.

1.6 Documentation and Compliance: The Trader agrees to promptly furnish any documentation or information the Company requests, including but not limited to tax documents, identity verification, and trading records. The Trader also agrees to comply with all Know Your Customer (KYC) requirements as mandated by the Company.

1.7 Marketing Materials: Any promotional materials representing the Company or its services require the Company’s prior written approval.

2. COVENANTS AND WARRANTIES OF TRADER

2.1 Compliance: The Trader commits to familiarizing themselves with and strictly adhering to the Company’s trading guidelines, procedures, and other directives.

2.2 Accuracy of Information: The Trader guarantees that all personal and professional information provided to the Company is accurate and up-to-date. Any changes must be reported within seven (7) days.

2.3 No Legal Hindrances: The Trader confirms they have no legal or contractual restrictions that might hinder their performance under this Agreement.

2.4 Exclusive Use of Account: The Trader acknowledges that the managed trading account provided by the Company is solely for use on the Company’s platform.

2.5 Proprietary Data: All trading data and related information generated on the Company’s platform are proprietary. Unauthorized reproduction, distribution, or use of this data is prohibited.

3. NON-SOLICITATION AND CONFIDENTIALITY

3.1 Non-Interference: The Trader agrees not to disrupt the Company’s business operations, including its contractual relationships and business strategies.

3.2 Non-Solicitation: During the term of this Agreement and for two (2) years post-termination, the Trader shall not solicit or entice any of the Company’s employees, contractors, or clients.

3.3 Confidentiality: The Trader shall maintain the confidentiality of all non-public information about the Company, its operations, and clients.

4. TRADING PLANS AND PAYOUTS

4.1 Simulated Funded Accounts: The Company offers Simulated Funded accounts for traders to receive virtual funds who have passed the Company’s evaluation phase. Performance on these accounts determines eligibility for payouts and other benefits.

4.2 Maximum Number of Simulated Funded Accounts: The Company hereby limits the maximum number of Simulated Funded Accounts that may be held by any single individual to five (5). This limit also applies on a per-household basis.

4.3 Advanced Challenge Plan

Tradeify offers ‘Advanced’ challenge accounts with account sizes of $50k, $100k & $150k. The advanced challenge uses an Intraday real-time trailing drawdown, this drawdown is calculated continuously throughout the trading day in real-time.

After passing the ‘Advanced’ challenge the Trader will be granted an ‘Advanced’ Sim Funded account. For an ‘Advanced’ Sim Funded account the max drawdown becomes a static drawdown when the liquidation threshold is at $100 plus the initial plan balance (i.e. $50,100 on a 50K plan).

4.4 Growth Challenge Plan

Tradeify offers ‘Growth’ challenge accounts with account sizes of $50k, $100k & $150k. The growth challenge uses an end of day trailing drawdown, this drawdown is calculated and changed based on the account balance at the end of the trading day.

After passing the ‘Growth’ challenge the Trader will be granted an ‘Growth’ Sim Funded account. For an ‘Growth’ Sim Funded account the max drawdown becomes a static drawdown when the liquidation threshold is at $100 plus the initial plan balance (i.e. $50,100 on a 50K plan).

4.5 Straight to Sim Funded Accounts

A “Straight to Sim Funded” account is a type of trading account where traders can bypass the challenge phase and start simulated trading and obtaining payouts from the firm’s capital immediately. This means the Trader will be given direct access to a Sim Funded account and can start obtaining payouts within 10 days of active trading.

For an ‘Straight Sim Funded’ account the max drawdown becomes a static drawdown when the liquidation threshold is at $100 plus the initial plan balance (i.e. $50,100 on a 50K plan).

4.6 Payout Policy:

Compensation Structure: The profit split on trading profits withdrawn shall be split as 90% to the Trader and 10% to the Company. Any amounts not withdrawn are at risk of loss from the Trader’s activity. The Trader will be paid as a 10-99 individual contractor, not as an employee. The following information on payouts applies per each account and not per user.

$50k, $100k and $150k ‘Advanced’ or ‘Growth’ Sim Funded Account Plan Payouts

In order to request a payout, a trader must have:

• Minimum Days Traded: the Trader must trade on at least 10 separate days for the Trader’s first payout and between each subsequent payout request.
  • The day count resets to zero after each successful payout.
  • A trading day is counted as at least one trade placed from 6:00 P.M. EST/EDT to 5:00 P.M. EST/EDT the next day.
• 5 or more of the Minimum Days Traded must show a profit greater than:
  • $150 in profit for 50k accounts
  • $200 in profit for 100k accounts
  • $250 in profit for 150k accounts
• Abide by a 35% consistency rule
• Account Balance Needed: Reach and maintain at least $100 in profit over the Trailing Max Drawdown limit.
  • This is calculated and determined upon account reconciliation, which happens daily between 5:00 P.M. and 6:00 P.M. EST/EDT.
  • This amount must be maintained until the payout request is approved. After a payout is approved your account balance will be adjusted.
  • The Trader will still be able to place trades after submitting a payout request. However, if the Trader fails the account or fall below the minimum thresholds for a payout before the request is processed, the payout will be denied.
• Trades placed each day must be according to the Trader’s standard, consistent, day to day trading system, before requesting a payout.
• Max payout per payout period (for the first 3 months):

• Each subsequent payout after the 6th will then be capped at $25,000.
• Payouts can be requested twice per month between the:
  • 1st~4th of every month
  • 11th~14th of every month
• 21st~24th of every month

‘Straight to Sim Funded’ Account Payouts

For accounts purchased before 11.59EST Dec 20th:

• Minimum Days Traded: the Trader must trade on at least 10 separate days for the Trader’s first payout and between each subsequent payout request.
• 5 or more of the Minimum Days Traded must show a profit greater than:
  • $100 in profit for 25k accounts
  • $150 in profit for 50k accounts
  • $200 in profit for 100k accounts
  • $250 in profit for 150k accounts
• Abide by a 20% consistency rule
• Account Balance Needed:
  • For accounts purchased before Nov 19th 4.30am EST, the Trader must reach and maintain at least $100 of starting account balance in profit over the Trailing Max Drawdown limit.
  • For 50k, 100k and 150k accounts purchased after Nov 19th 4.30am EST, the Trader must reach and maintain at least 1% of starting account balance in profit over the Trailing Max Drawdown limit.
  • For 25k accounts the Trader must reach and maintain at least $1,500 of profit.
  • This is calculated and determined upon account reconciliation, which happens daily between 5:00 P.M. and 6:00 P.M. EST/EDT.
  • This amount must be maintained until the payout request is approved. After a payout is approved the account balance will be adjusted.
  • The Trader will still be able to place trades after submitting a payout request. However, be aware that if you fail your account or fall below the minimum thresholds for a payout before the request is processed, your payout will be denied.
• Trades placed each day must be according to the Trader’s standard, consistent, day to day trading system, before requesting a payout.

For accounts purchased after 11.59EST Dec 20th:

• Minimum Days Traded: the Trader must trade on at least 10 separate days for the Trader’s first payout and between each subsequent payout request.
• Meet Payout profit goals:
  • Payout Profit Goals are the profit you need to reach in between payout requests (from starting balance for your first payout goal).
  • Payout Profit Goals resets after each payout and to achieve the next payout you move on to the next Payout Profit Goal.
  • Profit is calculated and determined at the end of each day, which happens daily between 5:00 P.M. and 6:00 P.M. EST/EDT.
  • Payout 1 Profit Goal:
    • 25k account – $1,500
    • 50k account – $3,000
    • 100k account – $6,000
    • 150k account – $9,000
  • Payout 2 Profit Goal:
    • 25k account – $1,000
    • 50k account – $2,000
    • 100k account – $3,000
    • 150k account – $4,500
  • Payout 3 Profit Goal:
    • 25k account – $1,000
    • 50k account – $2,000
    • 100k account – $2,500
    • 150k account – $3,000
• Abide by a 20% consistency rule
• Trades placed each day must be according to the Trader’s standard, consistent, day to day trading system, before requesting a payout.

Max Payout per Period

Payout limits

• Payouts can be requested twice per month between the:
  • 1st~4th of every month
  • 11th~14th of every month
• 21st~24th of every month

5. LIVE FUNDED ACCOUNTS

5.1. Transition to Live Funded Account

(a) Upon completion of four (4) payouts from the same Simulated Funded Account, Tradeify will assess the trader’s account and determine one of the following outcomes:

i. The account remains in the Simulated Funded Environment with no changes. The trader may continue receiving payouts, subject to the maximum payout cap applicable to their account size. Tradeify will reassess the account upon each subsequent payout request.

ii. The trader is transitioned to a Live Funded Account.

(b) Tradeify reserves the right to transition a trader to a Live Funded Account at its sole discretion at any time.

(c) A trader will be automatically transitioned to a Live Funded Account upon reaching a total of $80,000 in user payouts.

5.2. Balance Carried Forward to Live Funded Accounts

(a) If Tradeify transitions a trader to a Live Funded Account, a portion of the trader’s Simulated Funded Account balance will be carried forward. A portion of this balance will be allocated to the Live Funded Account, and the remainder will be paid out on the first day of the Live Funded Account.

(b) The balance carried forward will be the lesser of:

i. The trader’s remaining balance on their Simulated Funded Account; or ii. Ten percent (10%) of the Simulated Funded Account size, as follows: – $2,500 for a $25,000 account – $5,000 for a $50,000 account – $10,000 for a $100,000 account – $15,000 for a $150,000 account

(c) The maximum amount a trader may generate in combined Simulated Funded Payouts and Live Transition is $100,000. If the balance carried forward would result in exceeding this cap, the balance will be adjusted accordingly.

5.3. Balance Carried Forward for Traders with Multiple Accounts

(a) If a trader has multiple Simulated Funded Accounts and requests the fourth payout simultaneously across all accounts, Tradeify will determine the balance carried forward as the lesser of:

i. The remaining balance on each individual account; or ii. Ten percent (10%) of the Simulated Funded Account size for each individual account.

(b) If a trader does not request the fourth payout from all accounts simultaneously, remaining payouts up to a total of four (4) may still be received, provided the account maintains a sufficient balance. The balance carried forward will be prorated based on the number of payouts completed at the time of transition.

5.4. Live Funded Account Starting Balance and Initial Payout

(a) Traders transitioned to a Live Funded Account will receive an initial balance of up to $20,000 in their Live Funded Account.

(b) Any remaining balance from the transition, after the initial Live Funded Account allocation, will be paid out to the trader on the first day of their Live Funded Account activation.

5.5. Additional Terms and Conditions

(a) Traders who are transitioned to a Live Funded Account are prohibited from opening new Challenge or Straight-to-Sim Funded Accounts while their Live Funded Account remains active.

(b) In the event of failure of a Live Funded Account, Tradeify’s risk management team will reach out to the trader to determine the next steps.

(c) Tradeify may transition a trader to a Live Funded Account prior to the fourth payout, at its discretion.

(d) If a trader resides in a restricted country and is ineligible for a Live Funded Account, Tradeify’s risk management team will contact the trader upon their fourth payout to discuss alternative options.

(e) Upon notification of Live Funded Account transition, traders will receive an official email. Trading activity must cease until further instructions are provided. The account balance at the time of the fourth payout request will be used to determine the Live Funded Account balance.

6. PROHIBITED TRADING ACTIVITIES

6.1 Exploitation of Errors: The core of Tradeify’s guidelines is a mutual understanding between Tradeify and the trader that the trader acts in good faith. Therefore traders are prohibited from using strategies that seek to exploit or create errors within our platform. This includes taking advantage of discrepancies in price displays, delays in updates, or any other technical errors in our services. Such actions are considered unethical and can lead to serious consequences, including termination of the Traders trading account.

6.2 Disruptive Practices: The Trader is forbidden from using strategies that incorporate disruptive practices.

6.3 External or Slow Data Feed: Trading based on an external or delayed data feed is not allowed.

6.4 Manipulative Trades: The Trader must not engage in trades with the intent to manipulate, abuse, or gain an unfair advantage on the Company’s platform. This includes short-term or high-frequency trades or simultaneously entering opposing positions.

6.5 Consistency in Trading: The Trader must adhere to a consistent trading plan in terms of size, stops, and targets, avoiding maximum or larger contract sizes on single trades, refraining from flipping contracts just to register a “trading day,” maintaining consistent trading sizes, avoiding dollar-cost averaging and high-frequency trading, and demonstrating consistency in the trading plan.

6.6 Automated Bots: The use of automated trading bots or algorithms (“bots/algos”) is permitted under the following conditions:

1. Ownership: the Trader must be able to prove that the Traderare the sole owner of the bot or strategy, and that no one else has access to or is using it. This ensures that the bot/algorithm is not being shared with other traders or firms.
2. Exclusive Use: While the Trader may use the bot on the Trader’s personal accounts, using it across multiple firms is against Tradeify’s policy. The bot should be solely for the Trader’s own use within Tradeify.
3. No High-Frequency Trading (HFT) Bots: Personal bots are allowed as long as they are not high-frequency trading (HFT) bots. Tradeify has specific risk measures in place to detect and monitor such activities.
4. Compliance & Verification: Tradeify reserves the right to request information or documentation if our risk measures flag the Trader’s account for potential violations of these guidelines.

6.7 Collaborative Trading and Hedging

1. Independent Trading Requirement: All users of Tradeify are required to execute their trading strategies independently. Team trading, collaborative trading, or any form of trade copying among users is strictly prohibited. Each user is responsible for their own trades and must ensure that all trading decisions reflect their individual strategy and discretion.
2. Hedging Prohibited: Traders are strictly prohibited from executing hedging strategies, defined as holding opposing positions in the same or correlated instruments to offset risk. Violations will result in immediate disqualification from the evaluation program.
3. Contract Type Limitation: Traders may not trade both mini and micro futures contracts simultaneously. All trades must involve only one contract type throughout the evaluation period.
4. Purpose: These restrictions are in place to ensure consistency, accurate performance evaluation, and adherence to risk management protocols.
5. Non-Compliance: Any breach of the above rules will result in account termination and forfeiture of eligibility for funding or continued participation in the program.

Tradeify maintains risk management protocols designed to monitor for violations of these conditions. Tradeify reserves the right to request additional information or documentation if an account is flagged by these measures, to ensure compliance with these terms.

6.8 Microscalping: Microscalping refers to executing trades with the intent of capturing small profits from minimal price movements, such as a few ticks or points typically within a very short period of time. Trades executed in less than 5 seconds are difficult to reliably replicate or copy, so we have implemented the following guideline:

• 50% or more of the Trader’s account profit must come from trades held longer than 5 seconds.

6.9 Maximum Account Idle Time

To maintain an active account status, the Trader are required to execute at least one trade per calendar week. Failure to comply with this requirement may result in the Trader’s account being classified as inactive.

In the event that the Trader are unable to meet this trading requirement due to vacation, personal circumstances, or other legitimate reasons, the Trader must notify Tradeify in advance. Upon receiving such notice, Tradeify will work with the Trader to determine an appropriate solution to maintain account’s active status.

6.10 Audit Clause: The Company reserves the right to audit and review the trading activities and styles of all traders to ensure compliance with the Firm’s rules and guidelines. This includes, but is not limited to, monitoring for adherence to prohibited trading practices as outlined in the Firm’s policies. The audit may be conducted at any time, without prior notice, and traders are required to fully cooperate with any requests for information or documentation. Failure to comply with the Firm’s rules or audit process may result in disciplinary action, up to and including termination of trading privileges.

7. TERMINATION

7.1 Termination by Company: The Company reserves the right to terminate this Agreement immediately in the event of any breach by the Trader.

7.2 Termination by Trader: The Trader may terminate this Agreement by providing written notice to the Company.

8. INDEMNIFICATION

The Trader agrees to indemnify and hold the Company harmless from any claims or liabilities arising from the Trader’s breach of this Agreement or misuse of the Company’s platform.

9. GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement is governed by the laws of the State of Florida. Any disputes arising under this Agreement shall be resolved through binding arbitration in Florida in accordance with the rules of the American Arbitration Association (AAA).

10. ENTIRE AGREEMENT AND AMENDMENTS

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements or understandings. Any amendments must be in writing and signed by both Parties.

11. INTELLECTUAL PROPERTY

All intellectual property rights associated with the Company’s platform remain the exclusive property of the Company.

12. DATA PROTECTION AND PRIVACY

The Company may collect and process the Trader’s personal data and will implement security measures to protect this data. The Company will not share this data with third parties except as required by law.

13. LIMITATION OF LIABILITY

The Company is not liable for any losses incurred by the Trader due to trading activities or factors beyond the Company’s control.

14. FORCE MAJEURE

The Company is not responsible for any failure or delay in performing its obligations due to unforeseen circumstances..

15. AMENDMENTS

The Company reserves the right to modify, amend, or update the terms, conditions, plans, and payout requirements of this Agreement at its sole discretion and at any time. Any changes will become effective upon posting to the Company’s website or upon other written notification to the User. Continued use of the Company’s services after any such changes constitutes acceptance of the revised terms.

16. GEOGRAPHIC RESTRICTIONS

The Company does not accept or permit the participation of individuals or entities who are citizens, residents, or are otherwise located in the following countries:

• Afghanistan
• Albania
• Algeria
• Angola
• Bahamas
• Barbados
• Belarus
• Bosnia & Herzegovina
• Botswana
• Burma (Myanmar)
• Burundi
• Cambodia
• Central African Republic
• Côte d’Ivoire
• Crimea
• Cuba
• Democratic Republic of Congo
• Ecuador
• Ethiopia
• Ghana
• Iceland
• Indonesia
• Iran
• Iraq
• Jamaica
• Kosovo
• Laos
• Lebanon
• Liberia
• Libya
• Mauritius
• Mongolia
• Montenegro
• Nicaragua
• North Korea
• Pakistan
• Panama
• Papua New Guinea
• Russia
• Somalia
• South Sudan
• Sri Lanka
• Sudan
• Syria
• Trinidad and Tobago
• Tunisia
• Turkey
• Uganda
• Ukraine
• Vietnam
• Venezuela
• Yemen
• Zimbabwe

Any individual or entity from these restricted countries is prohibited from accessing the Firm’s services, platforms, or engaging in any trading activities with the Firm. The Firm reserves the right to deny access, terminate accounts, and take any necessary legal action if it is determined that this policy has been violated.

The following countries (by residency) are eligible to purchase an evaluation account with Tradeify but will not be eligible for a Live Funded Account. They will remain on a Sim Funded account for the duration of their contract with Tradeify.

Note: Countries in bold indicate no eligibility for Live Funded status by both citizenship and residency.
• Antarctica
• Bulgaria
• Burkina Faso
• Cameroon
• Canada (See this link from Tradovate for more details)
• China (Possible exception after AML review)
• Croatia (Hrvatska)
• Gibraltar
• Haiti
• Hong Kong (Possible exception after AML review)
• Jordan
• Kenya
• Lebanon
• Monaco
• Morocco
• Mozambique
• Myanmar
• Namibia
• Nigeria
• Philippines
• Qatar
• Republic of North Macedonia
• Romania
• Senegal
• Serbia
• Slovenia
• South Africa
• South Korea
• Tanzania, United Republic of
• Turkmenistan
• United Arab Emirates

All other feedback, comments, requests for technical support and other communications relating to the Website should be directed to: support @tradeify.co.

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