Tradicave prop firm is a company that was launched recently and has very little experience in the industry. The firm offers funded accounts ranging from 15k to 200k USD in faded options and has two accounts, 1-phase HFT challenges, and 2-phase Standard. There are very few reviews on Trustpilot and the majority of them are super negative, so we decided to take a closer look at the firm and assess its features.
In our Tradicave review, traders will learn about the firm’s safety, rules, funded options, assets, platforms, fees, profit-sharing, support, and more.
Pros & cons of Tradicave prop firm
Pros
- Most payment options are free and instant
- Offers access to MetaTrader 4, MetaTrader 5
- Fast and digital account opening/verification
- Offers access to Forex pairs, cryptos, indices, and commodities
Cons
- Confirmed scam by 60% of negative reviews on Trustpilot
- Is not experienced and was recently launched
- Laggy website crowded with animations
- Does not allow traders to withdraw profits
- High profit target of 10%
- Hidden rules
- High spreads and commissions
Quick rating of Tradicave and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | Unknown |
| Minimum audition fee | 108 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 15,000 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | MetaTrader 4 |
| Available trading markets | Forex, commodities, indices, cryptos |
Safety of Tradicave — 1.5
Tradicave reviews are lacking on the FPA, as the firm is very young and lacks sufficient experience in the industry to call it legitimate. The reviews on Trustpilot are incredibly negative, with 60% of traders claiming the firm is a scam and not reliable. With an overwhelming number of negative reviews, we are certain that Tradicave can not be trusted and is almost 100% a scam. The firm has a regulated partner broker, EightCap, but it can not increase its legitimacy.
The firm gets a 1.5 score in this section, but it can not be trusted. Stay away!
Tradicave Funding and maximum capital allocation — 1
Tradicave funded programs are offered from 15k to 200k and would be a decent choice if the firm was not an obvious scam confirmed by a multitude of trader comments. These funded options are not beginner-friendly, which is another drawback of the firm.
Tradicave funding options are offered in two accounts, one of which is an HFT standard. How an average trader develops an HFT strategy and applies it to the firm is not clear from the firm’s website, as these strategies are costly and require considerable effort and expertise, often not possible for one trader.
Tradicave challenges have a naming similar to video games, which only deducts points from the firm’s legitimacy and reputation for a non-professional approach to a professional industry.
A Tradicave scaling plan is non-existent at this point, and traders won’t be able to increase their virtual funding further in case they are consistently profitable.
Overall, the firm gets a 1 score in this section.
Tradicave Assets — 2
Tradicave prop trading assets are offered through EightCap, a regulated Forex and CFDs broker. Available assets from the firm include Forex pairs, indices, commodities, and cryptocurrencies. These assets range is decent, but the firm is an obvious scam as confirmed by a multitude of trader reviews, and we do not recommend anyone purchase challenges from this firm as even personal financial details could be at risk.
Tradicave Trading rules and limitations — 0
Tradicave rules are average, but the firm has hidden rules and banns traders with false claims. The rules by the firm are changed constantly for individual cases to ensure traders fail their challenges. Overall, because of these fraudulent activities and hidden rules, the firm gets a 0 score in this section. We do not recommend anyone to do business with Tradicave for unaddressed claims from traders. The existence of hidden rules is another definitive indication of Tradicave’s fraudulent actions against its prop traders.
Tradicave Fees — 0
Tradicave has mediocre fees, even expensive depending on the funded option selected. The 15k accounts cost 148 USD for the standard and 108 USD for the 2-phase. While these prices are even competitive, the firm has a history of declining withdrawals and disqualifying traders for false charges of copy trading and similar. There are hidden rules and buying any challenge from Tradicave would be a very bad decision.
Tradicave free trial is not offered as the firm tries to collect fees and lure traders to steal their fees.
Tradicave free repeat is not also available, as Tradicave hunts for trader fees to generate revenue and decline any withdrawals.
Overall, Tradicave gets a 0 score in this section.
Tradicave Platforms — 2
Tradicave provides platforms through EightCap which offers trader MT4 and MT5 platforms and at least one of these should be available for its traders. While these platforms are advanced and offer plenty of functionality, the firm prohibits traders from using copy trading or EAs via hidden rules and makes these platforms almost unusable. The firm constantly adds new rules to ensure traders fail the challenge, which is a typical approach of scam prop firms. While traders use advanced platforms, they are still falsely accused of using copy trading. The firm gets a 2 score in this section.
Tradicave Profit-Sharing — 0
Tradicave profit split is capped at 80% and the firm promises be-weekly payouts, but nothing could be further from the truth. In reality, most traders claim the firm’s fraudulent activities resulting in them losing their paid fees. Despite these claims, because of trader feedback, the firm gets a 0 score in this section for declining payouts and giving traders the worst experience.
Education and trading tools at Tradicave — 0
Tradicave offers no educational resources to its traders, as the firm is just focused on luring traders and stealing their fees. There are no courses or something to increase the knowledge of beginners, and the firm gets a 0 score in this section as well for not caring for its traders at all.
Customer Support at Tradicave — 2.4
Customer support is horrible at Tradicave even though the firm has an online chat and email channels at its disposal, it consistently declines withdrawals and is not helping traders to resolve issues. The firm has hidden rules and disqualifies traders from collecting their fees and scamming traders. The website and support are both only in the English language, which is another drawback of Tradicave. Overall, the firm gets a 2.4 score in this section.
Frequently Asked Questions on Tradicave
Is Tradicave legit?
Is Tradicave a good prop firm??
