Tradeify’s new Select Plan is designed to give traders more control over their earnings. Key highlights include:
- Daily Payouts: Withdraw profits every trading day with the Select Daily option.
- No Consistency Rules (Funded): Once funded, traders can withdraw large single-day profits without restrictions.
- Flexible Options: Choose between Select Daily (daily withdrawals with a profit buffer) or Select Flex (larger payouts every five winning days without a buffer).
- End-of-Day Drawdown: Protects against intraday volatility, locking the drawdown floor after reaching a profit threshold.
The plan starts at $109 for a $25K account and offers a 90/10 profit split. With no recurring fees and fast payouts (often processed within 60 minutes), Tradeify’s Select Plan caters to traders seeking quick access to their earnings and greater flexibility in managing profits.
Select Plan EXPLAINED (Daily Payouts, Flex, No Consistency)
1. Tradeify Select Plan
The Select Plan operates on a single-phase evaluation system. Once you pass the evaluation, you can choose between two payout options: Select Daily or Select Flex. Both options offer an appealing 90/10 profit split in your favor.
Payout Frequency
The payout structure differs between the two paths:
- Select Daily: You can request withdrawals every trading day, provided you’ve built up the required profit buffer. The buffer varies by account size, starting at $1,100 for a $25K account and going up to $3,600 for a $150K account. Once the buffer is met, you can withdraw up to twice the profit earned above it. Daily payout caps range from $600 to $2,500, depending on your account size.
- Select Flex: This option has no profit buffer but requires five winning trading days before a withdrawal can be made. It caters to traders who prefer larger payouts less frequently, with caps ranging from $1,250 to $5,000 per request.
These payout structures allow traders to choose the approach that best aligns with their trading style and financial goals.
Consistency Rules
During the evaluation phase, a 40% consistency rule is in place. This ensures that no single day accounts for more than 40% of your profit target. Once you’re funded, this requirement is removed, letting you capitalize on large winning days without restrictions.
For instance, on a $50K account, if you achieve a $3,000 profit in a single day, you can withdraw the entire amount without needing to balance it against smaller trading sessions. As Tradeify puts it: "Hit a big day? Get paid. No restrictions on how you make your profits".
Drawdown Type
The Select Plan uses an End-of-Day (EOD) trailing drawdown, which evaluates your account only at the close of each trading session. This setup protects against intraday volatility, allowing you to manage positions without worrying about temporary fluctuations causing a breach.
Once your account reaches a specific profit threshold or after your first payout, the drawdown floor locks permanently at $100 above your starting balance. For example, on a $50K account, if your balance hits $52,100, the drawdown floor is fixed at $50,100, regardless of future profits.
This EOD drawdown mechanism adds a layer of flexibility, giving traders more breathing room to execute their strategies effectively.
| Feature | Select Daily | Select Flex |
|---|---|---|
| Payout Frequency | Daily eligibility | Every 5 winning days |
| Intraday Loss Limit | Yes ($500–$1,750) | None |
| Payout Caps | $600–$2,500 per day | $1,250–$5,000 per request |
| Buffer Required | Yes ($1,100–$3,600) | No |
| Consistency (Funded) | None | None |
The combination of flexible payout options, relaxed consistency rules after funding, and EOD drawdown mechanics makes the Select Plan an appealing choice for traders looking for more control over their trading journey.
2. Tradeify Growth Plan
The Growth Plan stands apart from the Select Plan by focusing on speed and higher initial payouts, offering a more structured approach once funding is secured. While the Select Plan provides daily flexibility, the Growth Plan operates on a set 5-day payout cycle, with daily processing handled through the Rise platform. Let’s break down its payout structure, rules for consistency, and drawdown mechanism.
Payout Frequency
The Growth Plan follows a fixed 5-day payout schedule, unlike the daily payouts offered by the Select Plan. This means you can request withdrawals every five days instead of daily. For the first $15,000 in payouts, traders enjoy a 100% profit split, which adds $1,500 more than the standard 90% split. After crossing this threshold, the split reverts to the typical 90/10 arrangement in your favor.
Consistency Rules
During the evaluation phase, there are no consistency rules, allowing traders to pass in as little as one day if they meet their profit target and respect the drawdown limits.
Paul from Prop Trading Vibes explains: "Growth accounts are designed for traders who don’t want consistency rules during evaluation. You hit your profit target, respect the drawdown, and you’re funded".
Once funded, a 35% cap applies to any single trading day’s contribution. This is the opposite of the Select Plan, which enforces a 40% consistency rule during evaluation but removes all restrictions after funding.
Drawdown Type
The Growth Plan employs an End-of-Day (EOD) trailing drawdown, coupled with a Daily Loss Limit (DLL). If the DLL is breached, trading is paused for that day. The drawdown floor locks when your account balance surpasses the initial amount, factoring in the drawdown and a $100 buffer.
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3. Apex Trader Funding Plans
Apex Trader Funding stands out with its distinct payout model and trading rules. Unlike Tradeify’s flexible approach, Apex operates on a twice-monthly payout schedule. Traders enjoy a 100% profit split on their first $25,000 in earnings, after which profits are shared through a 90/10 split. Over the past four years, Apex has established trust with a verified payout history exceeding $300 million.
Payout Frequency
Apex follows a fixed payout schedule, processing withdrawals twice a month. This contrasts with the daily or more flexible withdrawal options offered by some other firms.
Consistency Rules
To promote disciplined trading, Apex enforces a 30% consistency rule during both the evaluation and funded phases. This means no single day’s profits can account for more than 30% of the total, encouraging traders to avoid overly aggressive strategies.
Drawdown Type
Apex accommodates various trading styles, allowing overnight holds and swing trading. Traders can keep positions open beyond the daily session close, which is a key difference from Tradeify, where all positions must be closed by 4:59 PM ET. Additionally, Apex provides flexibility during account setup by letting traders choose between End-of-Day (EOD) and Intraday drawdown options, tailoring the experience to their preferences.
For more details on Apex Trader Funding’s offerings, check out our in-depth review: Apex Trader Funding Review.
Pros and Cons
Tradeify Select vs Growth vs Apex Trader Funding: Complete Comparison Chart
Tradeify offers plans tailored to different trading preferences, each with its own strengths and challenges. To help you decide, here’s a breakdown of how Tradeify’s Select and Growth plans compare to Apex Trader Funding across key features.
| Feature | Tradeify Select (Daily) | Tradeify Select (Flex) | Tradeify Growth | Apex Trader Funding |
|---|---|---|---|---|
| Payout Frequency | Daily | Every 5 winning days | Every 5 winning days | 2x per month |
| Consistency Rules (Funded) | None | None | 35% Rule | 30% Rule |
| Profit Split | 90% | 90% | 100% first $15,000, then 90% | 100% first $25,000, then 90% |
| Funded Daily Loss Limit | Yes ($500 on 25K) | None | Yes ($600 on 25K) | Varies |
| Min. Days to Pass Eval | 3 days | 3 days | 1 day | Varies |
| Drawdown Type | End-of-Day | End-of-Day | End-of-Day | Intraday or EOD (trader’s choice) |
Key Strengths and Challenges
Select Plan Highlights:
- Advantages: Once funded, there are no consistency rules, meaning a single high-profit day can account for your entire payout. The Flex option removes the Daily Loss Limit, allowing for greater intraday trading freedom. These features emphasize trader autonomy and quick access to earnings.
- Limitations: During evaluation, the 40% consistency rule requires trading across at least three days. Additionally, the 25K account is limited to one mini contract, which could restrict certain trading strategies. Another consideration is that your choice between Daily and Flex is final.
Growth Plan Highlights:
- Advantages: The Growth plan allows you to complete the evaluation phase in just one day, with no consistency rules during that period. It’s also more budget-friendly, with a $99 entry cost for a 25K account compared to $109 for Select. Plus, the first $15,000 in profits comes with a 100% split.
- Drawbacks: The 35% consistency rule on funded accounts can limit how much a single winning day contributes to overall payouts. Additionally, the fixed 5-day payout schedule and the Daily Loss Limit may reduce withdrawal flexibility, which could be a downside for traders who need frequent access to funds.
This comparison highlights the tradeoffs between flexibility, cost, and payout structure, helping traders align their choice with their trading style and priorities.
Conclusion
Tradeify’s Select Plan gives traders the freedom to decide between Daily and Flex payout options after completing the evaluation process. With no activation fees and no consistency rules once funded, this plan removes many of the traditional limitations traders often face.
For active day traders who prioritize steady cash flow, the Select Daily path stands out with one of the industry’s fastest payout cycles – withdrawals are often processed in under 60 minutes. Additionally, the Daily Loss Limit provides a layer of risk management for those who prefer clearly defined boundaries.
On the other hand, swing traders or those using high-volatility strategies may find the Select Flex path more appealing. It eliminates the Daily Loss Limit entirely and offers milestone-based payouts of up to $5,000 per cycle. For traders with varied goals, the Growth Plan offers a different mix of speed and structure, making it a compelling option.
The Growth Plan is particularly well-suited for budget-conscious traders who can pass evaluations quickly and are comfortable with a 35% consistency rule once funded.
FAQs
How do I choose between Select Daily and Select Flex?
Choosing the right plan between Tradeify’s Select Daily and Select Flex comes down to how you prefer to handle payouts and your trading style.
- The Select Daily plan provides daily payouts, making it a great fit for traders who want faster access to their earnings and prioritize consistent cash flow.
- On the other hand, the Select Flex plan offers payouts every five days, giving traders more time to manage their trades and fine-tune their strategies.
Think about what aligns better with your financial goals and trading habits to make the best choice for you.
When does the EOD drawdown floor lock?
The exact timing for when the end-of-day (EOD) drawdown floor locks isn’t specified in the provided details.
What counts as a “winning day” for Select Flex payouts?
A “winning day” for Select Flex payouts happens when your profit surpasses the payout cap, which can be as much as 50% of the cycle profit depending on your account size. Plus, there are no daily loss limits, which simplifies the process of qualifying for payouts.
