TradeApp
6.5

TradeApp

TradeApp is a new prop trading firm offering global traders access to capital with flexible evaluation phases, profit splits of up to 90%, and educational resources. Ideal for traders looking to grow without risking personal funds.

TradeApp is a rising proprietary trading firm providing traders with access to capital and advanced tools to maximize profits. With flexible evaluation phases, competitive profit splits, and a commitment to education, TradeApp aims to empower traders worldwide. Read on for an unbiased review of their offerings, challenges, and whether this platform is right for you.

TradeApp is a rising proprietary trading firm providing traders with access to capital and advanced tools to maximize profits. With flexible evaluation phases, competitive profit splits, and a commitment to education, TradeApp aims to empower traders worldwide. Read on for an unbiased review of their offerings, challenges, and whether this platform is right for you.

Pros
  • Flexible evaluation with no time limit.
  • Up to 90% profit split.
  • Wide range of markets to trade.
  • Educational resources and support.
  • Global availability.
  • Various account sizes and scaling options.
  • Multiple payout options including crypto.
  • 24/7 customer support.
Cons
  • Relatively new in the industry.
  • High entry fees for larger challenges.
  • Strict risk management rules.
  • Limited community feedback available.
  • Educational resources could be more comprehensive.

TradeApp Review – Is It Worth Your Time?

TradeApp is a relatively new player in the prop trading industry, offering various funding options for traders looking to scale their trading activities. With the promise of up to $600k in simulated funding and a potential scale-up to $2 million, it aims to attract traders of all experience levels. The firm provides a structured evaluation process, including different funding challenges, designed to test a trader’s ability and risk management skills. Below is a detailed look into what this prop firm offers and whether it might be the right fit for you.

TradeApp Review – Is It Worth Your Time?

What Does TradeApp Offer?

TradeApp provides a prop trading platform with the core mission of funding traders who can prove their trading capabilities through a structured challenge. Here’s a summary of their offerings:

  • Funding Scale: Start with up to $600,000 in simulated funding, with the possibility to scale up to $2 million.
  • Profit Split: Traders can retain up to 90% of the profits earned, with an 80/20 split being common in most challenges.
  • Challenge Structure: Four challenge tiers – Beginner ($5k), Intermediate ($10k), Advanced ($25k), and Master ($50k) – offer traders varying levels of entry, depending on their experience and risk tolerance.

This setup allows TradeApp to cater to traders with different risk profiles and goals.

Challenge Breakdown

TradeApp presents its challenge structure in a straightforward manner. Here’s a quick comparison:

Challenge Breakdown

Beginner Challenge ($5,000 funding)

  • Profit Split: 80/20
  • Profit Target: $500 (10%)
  • Max Daily Drawdown: $250 (5%)
  • Max Drawdown: $500
  • Entry Fee: $79

Intermediate Challenge ($10,000 funding)

  • Profit Split: 80/20
  • Profit Target: $1,000 (10%)
  • Max Daily Drawdown: $500 (5%)
  • Max Drawdown: $1,000
  • Entry Fee: $119

Advanced Challenge ($25,000 funding)

  • Profit Split: 80/20
  • Profit Target: $2,500 (10%)
  • Max Daily Drawdown: $1,250 (5%)
  • Max Drawdown: $2,500
  • Entry Fee: $209

Master Challenge ($50,000 funding)

  • Profit Split: 80/20
  • Profit Target: $5,000 (10%)
  • Max Daily Drawdown: $2,500 (5%)
  • Max Drawdown: $5,000
  • Entry Fee: $349

Each challenge has a 4-day minimum trading requirement, allowing traders to demonstrate their skills without rushing.

Tailored Funding and Fast Payouts

TradeApp offers tailored funding options, designed to help traders grow their capital as they demonstrate successful trading. The firm’s payout structure is also noteworthy, offering up to 90% of profits, making it attractive for traders looking for a high reward potential.

Advanced Payout Options

One of the standout features of TradeApp is its variety of payout options, including cryptocurrency payments, daily payouts, and bank transfers. This variety provides flexibility to traders across the globe, ensuring they get paid through their preferred method.

TradeApp Academy

In addition to funding, TradeApp provides educational support through its academy, offering:

  • Educational Videos
  • 24/7 Support
  • Live Webinars

These resources are designed to help traders improve their skills and navigate the challenges of prop trading more effectively.

What is TradeApp’s Mission and How Does It Work?

TradeApp’s mission is to empower traders by providing access to capital, advanced trading tools, and an educational framework. The goal is to help traders maximize their profits without risking their own funds. The platform is open to traders globally, with no geographic restrictions. Whether you’re a beginner or an experienced trader, as long as you meet the basic requirements and pass the evaluation process, you can join. The platform distinguishes itself from other proprietary trading firms by offering competitive profit splits of up to 90%, a flexible evaluation process with no time limit, and access to various markets, including Forex, stocks, indices, cryptocurrencies, and commodities. Additionally, TradeApp supports traders with advanced risk management tools and educational resources, aiming to increase their chances of success.

What is TradeApp's Mission and How Does It Work?

General Requirements and Availability

To join TradeApp, you need to be at least 18 years old and have a basic understanding of trading concepts. The platform is accessible to traders worldwide, offering global market access such as Forex, stocks, indices, and commodities. TradeApp also offers a flexible profit-sharing model, where traders can keep 80% to 90% of their profits depending on their performance and account size. After successfully passing the evaluation, traders can scale their accounts and access more capital based on consistent profitability. Payouts are processed within 3-5 business days, and traders can withdraw their profits via several methods, including bank transfers and cryptocurrency payments.

Evaluation Process and Risk Management Rules

TradeApp’s evaluation process consists of two phases. In Phase 1 (Initial Evaluation), traders must reach a 10% profit target while adhering to risk management rules, with a minimum of 4 trading days required. In Phase 2 (Verification), traders need to achieve a 5% profit target under similar risk management rules. There is no maximum time limit for either phase, allowing traders to complete the evaluation at their own pace. However, strict risk management rules apply during the evaluation. These include a daily loss limit of 5% of the initial capital and an overall loss limit of 10%. If these limits are breached, the account is disqualified. If a trader fails to meet the profit target or violates a rule, they can purchase a reset and retry the evaluation. Once both phases are passed, traders can become funded and keep 80-90% of their profits, depending on their account size.

Supported Trading Instruments and Account Sizes

TradeApp supports a broad range of trading instruments, including Forex, stocks, commodities, cryptocurrencies, and energies. Leverage options vary by asset class: up to 1:100 for Forex and commodities, 1:50 for indices, and 1:5 for cryptocurrencies. The firm also offers various account sizes, starting from $5,000 and going up to $600,000. Additionally, traders have the option to scale their accounts once they demonstrate consistent profitability over time. Restricted strategies include latency arbitrage, high-frequency trading (HFT) bots, and any form of market manipulation, but traders can hold positions overnight or over the weekend and even trade during news events.

Account Creation, Verification, and Management

Creating an account with TradeApp is straightforward. Prospective traders can sign up through the platform’s website, where they’ll need to verify their email and complete a KYC (Know Your Customer) process. This process requires submitting a government-issued ID and proof of address, such as a utility bill or bank statement. The verification usually takes 1-2 business days. Additionally, TradeApp allows users to manage multiple accounts, provided that each account is linked to a different email. Users can also make changes to their profile details, such as updating their email, by accessing the account settings on the dashboard.

Platform and Tools Available on TradeApp

TradeApp operates on its proprietary platform called TradeLocker, which integrates advanced trading tools, TradingView charting, and AI assistance to enhance the trading experience. The platform also supports automated trading systems (EAs), provided they comply with TradeApp’s trading rules. This makes it flexible for traders who prefer using bots or other algorithmic trading strategies to assist in their trading activities.

Fees, Payouts, and Profit Sharing

TradeApp operates on a profit-sharing model where traders can retain 80-90% of the profits they generate. There are no monthly subscription fees or commissions on trades; the primary cost is the one-time fee to enter the trading challenge. Once traders meet the withdrawal threshold of $100, they can request payouts through the dashboard. Withdrawals are processed within 3-5 business days, and traders can choose between various payment methods, including credit/debit cards, bank transfers, and cryptocurrencies.

Customer Support, Resources, and Security

TradeApp offers 24/7 customer support via live chat, email, a Discord server, and phone. Their Help Center is comprehensive, providing detailed FAQs and clarifications for users. The firm also places a strong emphasis on education, offering resources such as webinars, tutorials, and trading guides to help traders improve their skills. In terms of security, TradeApp uses advanced encryption and other security protocols to protect users’ data. The firm advises traders to reach out to their support team immediately if any suspicious or fraudulent activity is detected on their accounts.

Conclusion: Is TradeApp Worth It?

In conclusion, TradeApp offers a comprehensive prop trading solution for traders of all experience levels, combining competitive funding opportunities with a structured evaluation process. One of the firm’s biggest strengths is its flexibility, providing a range of account sizes and challenges that cater to both novice and seasoned traders. With a clear profit-sharing model, traders have the opportunity to keep between 80-90% of the profits they generate, a competitive rate in the industry. Additionally, the absence of a time limit for completing the evaluation phases removes the pressure typically associated with prop trading challenges, allowing traders to focus on performance rather than meeting deadlines. Another standout feature is TradeApp’s commitment to trader development, offering a wealth of educational resources through its TradeApp Academy.

This includes access to webinars, tutorials, and trading guides, making it a valuable platform not just for experienced traders but also for those who are still honing their skills. The 24/7 customer support, coupled with multiple payout options—including cryptocurrencies—demonstrates a trader-centric approach that aims to provide a seamless trading experience. However, TradeApp is still relatively new in the prop trading world, meaning there’s limited feedback from a large trader base. The firm’s strict risk management rules during the evaluation process may also be challenging for some traders, especially those new to prop trading.

The entry fees for higher challenges, while justified by the potential payout, may deter some individuals who are just starting out or are more risk-averse. Yet, for those traders who can handle the drawdown limits and meet profit targets, TradeApp provides a clear path toward scaling capital and increasing profitability. Overall, TradeApp presents itself as a solid contender in the prop trading space, particularly for traders looking for flexibility, advanced tools, and the potential for high profit retention. While the firm has areas for improvement—particularly in expanding its reputation and refining educational resources—it is a strong option for those seeking a reliable platform to get funded without risking personal capital. As TradeApp continues to grow and evolve, it’s likely to become a more well-rounded option for traders looking to succeed in today’s fast-paced financial markets.

TradeApp Details

Trading Platforms
Tradable instruments
Trading Programs
Incorporation
Account Currencies
Maximum Capital Allocation

TradeApp offers up to $600k in funding with a flexible evaluation process, allowing traders to keep up to 90% of profits.

6.0
Fees
7.0
Easy of Evolution
6.0
Trading Conditions
7.0
Profit Sharing Model
6.5 Overall Rating

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TradeApp
6.5/10
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