Tradeify 247 Review: Closed to New Buyers, What Holders Need to Know

This Tradeify 247 review has an unusual starting point: the firm stopped selling new accounts on 21 October 2026. Anyone who already holds an account can keep trading and keep requesting payouts under the same rules, but no one can buy in. We have left it unscored while it sells nothing, and this page is mainly for current holders and anyone wondering what happened.

What Tradeify 247 is and who runs it

Tradeify 247 started life as Tradeify Crypto, then renamed itself, and is now pointing its brand toward Tradeify Perps. It sold 1-step, 2-step and instant-funding accounts on more than 100 crypto pairs plus tokenized stocks, commodities and two indices, with funded accounts capped at $300,000 combined per trader.

The contracting company in its terms (last modified 13 August 2026, now no longer online) is Tradeify Ventures LTD, a Saint Lucia company at Rodney Bay and a subsidiary of Tradeify Holdings, Corp. The FAQ names Brett Simberkoff as founder and CEO, the same person behind Tradeify's futures business. The futures firm at tradeify.co is a separate product.

The closure and the rebrand

Since 21 October the help centre says new accounts, add-ons and promotional plans are no longer sold and "no prices apply". The old domains now redirect to tradeifyperps.co, which is only a beta waitlist with no plans, rules or prices. Joining that list is not a purchase and guarantees nothing.

One detail is worth noting: the Tradeify Perps homepage calls itself a trading name of Tradeify FX LLC in Florida, while its waitlist terms name Tradeify Ventures LTD in Saint Lucia. The homepage footer confirms existing Tradeify 247 accounts stay with the Saint Lucia company.

If you hold a Tradeify 247 account, a breach is now permanent. There are no resets and no replacement accounts to buy.

How the challenge works for existing accounts

There is no time limit. After passing, holders verify identity with Sumsub, set up two-factor login and sign a contract before the funded account goes live. Accounts run on DXtrade or MT5, whichever was chosen at purchase; MT5 is not offered to US clients.

The rules that matter most

Drawdown

The daily floor sits 3% of the account size below the closing balance captured at 22:00 UTC, and it is checked against live equity. A floating loss is enough to breach; you do not have to close the trade. On 1-Step and 2-Step the 6% maximum floor is fixed at the starting balance and never moves, even after payouts.

Take a $100,000 1-Step account. The hard floor is $94,000. If it closes a day at $101,500, the next day's daily floor is $98,500. Drop below that on open equity and the account is gone.

The Instant floor trails instead. On a $50,000 account it starts at $47,000 and steps up as closed trades lift the balance, until it reaches $50,000. The first payout request locks it at the starting balance. Our trailing vs static drawdown guide walks through why that matters, and the drawdown calculator will map your own levels.

Other restrictions

• Minimum hold: every trade must stay open at least 20 seconds. Breaking this "microscalping" rule can end the account.
• Inactivity: 30 days without a trade breaches the account, after a warning at 28 days. This is the trap for holders who drift away after the closure.
• Consistency: none on 1-Step and 2-Step. Instant accounts need a 20% consistency score before each payout. See the consistency rule explained.
• Stop-loss: not required, and no per-trade cap.
• News: allowed with no restrictions.
• Weekends: positions can be held, with a 0.033% daily charge at 22:00 UTC, weekends included. Since about 20 October you may close a position in parts across the reset.
• Hedging: banned within one account, across your own accounts and with others.
• Copy trading and bots: copy trading allowed (except the 3-Step promotional plan); bots allowed only if you own them.

Leverage is 5x on BTC, ETH, PAX Gold and commodities in the evaluations and 2x on altcoins, indices and stocks. Instant accounts are 2x across the board. A paid Double Leverage add-on carries over for holders who bought it.

Costs and value per $10K

There is nothing to price. The old price table has been removed and no account can be bought. Funded accounts carry no ongoing fees. The only charge still collected is the activation fee on an existing APE-X account once it passes. Add-ons already bought stay attached: the 95% split and Double Leverage into funded, Daily Soft Breach for the evaluation only. If you want to compare costs at firms that still sell accounts, start with the cheapest crypto prop firms.

Payouts

Payouts did not change with the closure. The split is 80%, or 95% with the add-on, and requests are on demand from $100, one open request per account. Funds go out through Rise (bank or several cryptocurrencies) or as USDC on Ethereum via Confirmo.

• 1-Step: first payout as soon as $100 is withdrawable.
• 2-Step: three profitable days of at least 0.5% on the funded account first.
• Instant: the 20% consistency score must be met.

The "24-hour payout guarantee" covers processing, not arrival. If an eligible request is not processed in a day, $1,000 is added, but delays caused by Rise onboarding, verification or an interview are excluded. The firm sometimes asks for a short video interview; it warns that anyone asking for passwords, remote access or a crypto transfer is a scammer.

Payout Junction matches 572 Tradeify 247 payouts worth $1,498,888 on chain, the largest $38,000. That tracker also promotes Tradeify, so treat it as proof of transfers rather than an endorsement. More on payout mechanics in how crypto prop payouts work.

The real-capital Live Program (90% split, daily payouts) continues for those already in it or qualifying through an existing One Step Daily $50,000 account. Losing a Live account now ends it.

Rule changes before the closure

In the week before closing, Tradeify 247 dropped the "1–2 business days" arrival wording, allowed partial closes across the reset, removed resets, settled on 40 tokenized stocks everywhere, and removed American Express and PayPal from payment options. On 22 October the free monthly competition ended and the Live Program's re-entry route was removed. Full history is in our rule change log.

Who it suits and who should avoid it

Holders: keep trading at least once every 30 days, respect the 20-second hold, and withdraw profits rather than leaving them exposed to a breach. New traders: you cannot join. Look at Breakout, Velotrade or HyroTrader instead.

Tradeify 247 review verdict

For existing holders, Tradeify 247 remains a legitimate firm that is still honouring accounts: the rules are published, a founder is named, and hundreds of payouts are visible on chain. The cautions are a closure without a dated public notice, a successor brand that names two companies, and a rulebook with sharp edges like the 20-second hold and the inactivity breach. For everyone else it is a closed door until Tradeify Perps publishes something real.