Business
License
Tradiac is a proprietary trading firm designed specifically for experienced traders who have faced challenges in accessing sufficient capital. It stands out in the crowded prop trading landscape due to its unique scaling opportunities that allow traders to escalate their accounts significantly, alongside a remarkable profit-sharing model that offers a 90% share right from day one. This appeal to undercapitalized yet skilled traders is coupled with some notable risks, primarily arising from its limited regulatory oversight and mixed user experiences regarding fund withdrawals and customer support. Potential traders should thoroughly weigh these factors when considering whether Tradiac aligns with their trading goals and strategies.
Traders interested in working with Tradiac should take heed of the following risks associated with the firm:
To verify Tradiac's legitimacy, users are advised to follow these verification steps:
Dimension | Rating (out of 5) | Justification |
---|---|---|
Trustworthiness | 3 | Limited regulation and mixed reviews impact confidence. |
Trading Costs | 4 | Competitive commission structure, though withdrawal fees exist. |
Platforms | 5 | Utilizes popular platforms like MT5, offering reliable execution. |
User Experience | 4 | Generally positive feedback on user interface and access. |
Customer Support | 3 | Some reports of delays and inconsistencies in assistance. |
Account Conditions | 4 | Flexible but laid-back trading rules that may appeal to many. |
Founded in 2019, Tradiac is registered in Sweden under the legal name Nordic Funder KB. The firm was launched by Michael Buchbinder, who brings over 16 years of experience in trading and foreign exchange. With a collective trading expertise exceeding 75 years from its team, Tradiac aims to revolutionize the prop trading market by focusing on trader welfare, transparency, and innovative funding solutions.
Tradiac operates by pairing experienced traders with access to substantial capital via three distinct account types—the Tradiac, Brainiac, and Maniac tracks. Each account allows traders to choose their risk profiles while providing access to funding levels from $10,000 to $100,000, with potential scaling up to $1 million. The platform is supported by Scandinavian Capital Markets, which provides a reliable infrastructure for trading diverse assets and employs the widely used MetaTrader 5 (MT5) platform for trade execution.
Aspect | Details |
---|---|
Regulation | None |
Min. Deposit | $10,000 |
Leverage | Up to 1:20 |
Major Fees | $6 per lot for Forex & Metals; free for Indices & Oil |
Profit Split | 90% from day one |
Withdrawal Process | Up to two requests per month |
Teaching users to manage uncertainty.
The lack of strong regulatory oversight around Tradiac raises questions about its overall trustworthiness. While some reviews praise the firm's quick funding and profit-sharing model, others caution potential clients about verifying claims independently:
Analysis of Regulatory Information Conflicts: Users should be aware that Tradiac operates in a space typically governed by stricter regulations, which may leave traders vulnerable to higher risks.
User Self-Verification Guide:
Search for reviews on platforms like Trustpilot.
Investigate regulatory bodies and their standings on proprietary trading firms.
Connect with current and former traders through relevant online forums or groups.
Industry Reputation and Summary: Feedback from users varies, with many highlighting fund safety concerns and the complexities faced during withdrawals.
The double-edged sword effect.
While Tradiac presents several advantages regarding its commission structure, it's essential to assess the entire cost landscape:
Advantages in Commissions: The commissions are competitive, especially considering the profit-sharing model introduced.
The "Traps" of Non-Trading Fees: Despite reasonable fees, some users have reported hidden costs, particularly concerning withdrawals. The experiences include:
“...traders are entitled to make two requests per month, but a minimum profit of 2% must be achieved for any payout.” (source)
Professional depth vs. beginner-friendliness.
Tradiac provides access to advanced tools and platforms aimed at a variety of trader skills:
Platform Diversity: Tradiac primarily uses MetaTrader 5 (MT5), known for its robust features and diverse options for automated trading.
Quality of Tools and Resources: Users benefit from sophisticated charting tools and many available technical indicators.
Platform Experience Summary: Overall user sentiment leans positively towards MT5's execution capabilities, although some traders express a desire for enhancements in support and guidance.
Navigating the traders journey.
The platform's user experience is generally perceived as positive, though it carries aspects that warrant exploration:
User Interface and Navigational Efficiency: Tradiac's platform offers a straightforward experience, allowing for quick access to trading functionalities.
Accessibility of Resources: There are multiple avenues for users to engage with support, although some report inconsistencies in response times.
Collection of Customer Feedback on Experience: While reviews highlight satisfaction with trading conditions, mixed experiences with customer support emerge.
Balancing accessibility with user needs.
The support systems in place at Tradiac aim to nurture trader success:
Availability and Responsiveness: Given that support is offered through email and Discord, many users find these methods convenient. However, reports of less-than-timely responses appear too often.
Communication Effectiveness: Client experiences vary, with some satisfied with the level of assistance while others suggest enhancements to streamline communications further.
Understanding the competitive edge.
Tradiacs generous account terms are especially designed for flexibility:
General Rules and Requirements: The range of challenges allows traders to select according to their skill and risk tolerance.
Profit Targets and Drawdown Limits: The profit targets coupled with drawdown limits give enough freedom for traders to exercise strategies without constant fear of being penalized or disqualified.
Payout and Withdrawal Options: With the potential for high profit shares and multiple withdrawal options, many users appreciate the structure of payouts, despite some complaints regarding minimum profit criteria and fees.
Tradiac demonstrates a unique model tailored to experienced traders seeking substantial capital access with favorable trading conditions. Although its regulatory environment raises concerns, the firm offers substantial opportunities through innovative features like a generous scaling plan and the ability to retain trading levels after performance evaluations. Trading through Tradiac could prove advantageous, especially for skilled traders willing to navigate the benefits and risks inherent in proprietary trading without stringent oversight. As always, prospective users are advised to conduct detailed research and consider the experiences of current traders before making any decisions.
FX Broker Capital Trading Markets Review