Tradiac Review
3.8

Tradiac Review

Tradiac is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Tradiac is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Pros
  • Receive a 90% share of profits from the beginning
  • Select from a variety of account sizes, ranging from $10,000 to $100,000
  • Obtain funding of up to $1 million
  • Make use of a unique scaling strategy
  • Collaborated with Scandinavian Capital Markets as the broker
Cons
  • There is a limited availability of reviews
  • Online visibility is restricted
  • The proprietary trading firm is of recent establishment

What is Tradiac?

logo of Tradiac.

Tradiac is a trading firm that provides proficient traders with the opportunity to acquire augmented trading money. Michael Buchbinder, a well-regarded player in the industry and a famous hedge fund, established it. 

Tradiac, with a collective experience of over 75 years in FX and trading, seeks to revolutionize the prop trading sector. The company adheres to the ideals of trust, transparency, and the well-being of traders.

Michael Buchbinder Co-Founder of Tradiac 

Tradiac is a corporation established by Michael Buchbinder. The startup, in partnership with a select hedge fund, seeks to transform the proprietary trading industry by providing skilled individual traders with access to larger pools of cash. Tradiac will offer exclusive funding for trading on the MT5 and cTrader platforms. Scandinavian Capital Markets, the Swedish internet broker, will facilitate this.

Michael Buchbinder, in addition to being the managing partner of Scandinavian Markets, possesses over 16 years of substantial expertise in FX and trading. With the combined expertise of his hedge fund colleagues, they bring a total of more than 75 years of industry experience to Tradiac. This guarantees that traders gain advantages from a vast amount of knowledge and resources.

With the financial backing of the affiliated hedge fund, Tradiac is adept at risk management and offering money to clients. This provides traders with reassurance and certainty regarding the execution of their deals and the distribution of their profit shares. The company places a high importance on establishing trust and transparency in the sector, while also promoting shared interests between the company and its merchants.

Tradiac deviates from the conventional practices in remote-funded trader programs by implementing redemption tests. These examinations enable traders to sustain their relationships after a favorable performance evaluation. 

By completing the test, they can resume trading with the same money amounts as before. This represents a deviation from strict risk management regulations, which frequently result in early disqualification and financial losses in trading.

Tradiac Funding Programs and Challenges: Rules and Requirements 

Tradiac has implemented a novel scaling strategy to offer traders enhanced stability. This chapter will provide a detailed examination of the scaling plan and the redemption methodology.

First, let’s discuss the scaling plan, which is somewhat less complex than plans implemented by other organizations. The plan operates in the following manner:

1. Attain a 10% profit on your account.

2. Obtain your payment and progress to the subsequent stage.

The degree of scaling is contingent upon the original capital. For example, if you begin with a sum of $50,000, each subsequent scaling round will necessitate an additional $50,000.

It is crucial to emphasize that withdrawing funds before meeting the profit target necessitates surpassing the 10% limit, as withdrawals are not taken into consideration. Hence, it is commonly advised to withdraw funds after the desired level of profitability is achieved. 

The Redemption and Checkpoint Challenge 

This functionality is only available on Tradiac, allowing traders to maintain their scaling progress. For example, let’s examine the following situation:

Assume that the trader begins with a $100,000 account and increases it by a factor of two to reach $300,000. The checkpoint level has been set at $300,000. 

If anyone experiences failure at this stage, they have the opportunity to undergo a “redemption” examination. Completing this examination grants them the opportunity to recommence trading with a $300,000 account.

Below are numerous crucial aspects to comprehend regarding this system:

  • After the account fails, anyone has 30 days to start a redemption test.
  • There is an unlimited capacity for the number of redemption tests anyone can conduct.
  • The fee for the redemption test is determined by multiplying the initial capital by 0.95% (for example, a $100,000 account will result in a fee of $950).
  • The redemption challenge will strictly conform to the identical regulations and objectives as the original.

Rules and Restrictions 

  • News Tarding- Trading around news events is unrestricted. 
  • Expert Advisor- All accounts permit the use of expert advisers, algorithmic techniques, and custom indicators. Prohibited are EAs that operate at high frequencies or violate any other regulations.
  • Weekend Holdings- It is permissible to maintain transactions overnight and over the weekend.
  • No-stop Loss- Tradiac does not necessitate the implementation of a stop loss on trades.
  • Inactivity Period- A trade must be initiated at least once within 30 days.

Tradiac Broker: Do They Use a Reliable Platform? 

Slippage, commissions, and spreads are essential components in formulating a prosperous trading plan. Therefore, it is essential to verify that your trading strategy is in line with the affiliated broker of your chosen proprietary trading organization.

This part will explore the broker employed by Tradiac, the accessible platforms, and the trading conditions in detail. Tradiac chooses Scandinavian Capital Markets as its broker due to its outstanding trading conditions and a wide variety of financial instruments, including Forex, Metals, indices, and cryptocurrencies.

The maximum leverage allowed for all accounts is limited to a ratio of 1:20.

Commission 

InstrumentCommissions
Forex$6/lot
Metals$6/lot
IndicesCommission Free
OilCommission Free

Tradiac employs the widely used MetaTrader 5 platform. This platform is a prominent choice that offers exceptional trade execution, a diverse selection of financial products, and advanced automated trading capabilities.

Tradiac Fees: How Much Do They Charge? 

Account SizePrice 
$10,000$95
$20,000$190
$50,000$475
$100,000$950

Traders who are skilled at applying strong risk management procedures have the most potential to benefit from the Tradiac option, because of its relatively cautious profit goal of only 10%. Furthermore, these accounts proudly offer the most competitive rates compared to the other two available choices. Notable characteristics of these accounts include:

  • Profit objective of 10%
  • Maximum drawdown of 10%
  • 5% daily reduction in value

Tradiac Proof of Payment:

Tradiac allow traders to have control over when they choose to take their funds by adopting a flexible payment method. However, some crucial issues deserve attention:

  • Withdrawal Frequency: Traders can request payments up to twice each month.
  • Minimum Profit Requirement: A profit margin of at least 2% is necessary to be eligible for a payout.
  • Supplementary payouts can be sought for an additional charge of $50.

Payout operations are processed using DEEL, a well-known payment platform that provides several currency options and payment methods including PayPal, bank transfers, and cryptocurrency.

The profit share for all financed accounts is an amazing 90% from the beginning.

Tradiac Customer Support: 

Tradiac prioritizes offering comprehensive customer support services to assist its partner merchants in rapidly resolving their complaints and inquiries. The organization provides two main avenues for clients to contact their technical support team, guaranteeing easy access to assistance. The available contact options encompass email communication and active Discord channel involvement. Discord is commonly used for fast communication, as the replies are typically more prompt in comparison to emails.

Contact Information 

  • Contact Michael Buchbinder at 359809@email4pr.com 
  • Contact Number +1 (530) 451-3354.
  • Official Site is www.tradiac.com.

What Makes Tradiac Unique? 

Tradiac stands out from other leading private trading firms with its revolutionary funding model called the scaling method, offering traders increased consistency. This application provides traders with exceptional flexibility in their trading approaches, allowing for methods including news trading, holding positions overnight, and trading over the weekend. 

Tradiac Reviews: What Do Their Customers Say?

On Trustpilot, Tradiac has 4.5 stars out of 5 stars. They are on the great stage by the platform. Customers have posted a total of 30 reviews on Trustpilot. 

Tradiac Trustpilot

#1. Hemaya Awad submitted this review after completing the entire procedure, which included purchasing a 100k account, passing the challenge, receiving a funded account, and withdrawing a reward of $2300. The entire process was efficient and rapid.

He strongly endorses this proprietary trading firm.

Tradiac reviews

#2. Scott Pilakowski suggested that if you are looking for a reliable Funded Trader model that offers a professional trading atmosphere, quick funding, and payments, you might consider giving them a try. He believes that he will experience happiness if he does it.

Tradiac complaints

#3. Jorg indicated that Tradiac is strongly discouraged. Be aware of the peculiar regulation requiring every deal to endure a minimum of 5 minutes; otherwise, it is considered scalping. Avoid closing the trades when the trend changes or attempting to earn a profit within 5 minutes. Five minutes feel like an eternity in this world. My approach is far from scalping, yet he simply broke this particular guideline by achieving his goal in a small number of trades. Avoid and invest your money elsewhere. Anticipate receiving a brief message over Discord with no assistance.

Tradiac complaint

Conclusion

Tradiac exhibits a sincere dedication to nurturing authentic traders rather than solely prioritizing fee collection, which is visible for multiple reasons. Firstly, with the financial support of hedge funds, the company has the potential to significantly benefit from identifying lucrative traders, as they may imitate their trading strategies. 

Furthermore, the advanced scaling strategy, previously mentioned, greatly increases the probability for a trader to reach a seven-figure Assets Under Management (AUM) by enabling them to maintain their progress even when making mistakes. Finally, the generous drawdown limitations provide traders of all proficiency levels with room to implement their plans without the constant risk of account violations.

Account size up to:
$1,000,000
Profit Split Up to 90%
*Choose your account type and start trading

4.0
Fees
4.0
Trading Platforms
3.0
Deposit and Withdrawal
4.0
Customer Support
3.8 Overall Rating

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Tradiac Review
3.8/5
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