Glossary of key terms

This glossary explains, in plain language, the terms used across the Tradeify Perps help centre. Each meaning matches the definitions in the Funded Trader Agreement and the Terms of Use. If anything here differs from those agreements, the agreements govern. Two terms are easy to mix up: Rewards, your share of each payout, and the Rewards Center, our loyalty program. They're explained side by side below.

Account balance: your balance from closed trades. It doesn't include open positions and updates when you close a position.

Account equity: your account balance plus or minus the profit or loss on open positions, at any moment.

Account size: the notional size of an evaluation or funded account, chosen at purchase and shown in the platform.

Evaluation: the one-step simulated assessment you buy and must pass to receive a funded account.

Evaluation account: the simulated account your evaluation runs on.

External account: any account you own, control, trade, fund or direct with another prop firm, broker, exchange or funding program. This includes accounts with other Tradeify brands, such as Tradeify Futures and Tradeify FX.

Funded account: the simulated account you receive after passing an evaluation, on which you earn payouts.

Funded allocation cap: the limit on your active funded accounts: $200K in total, made up of up to $100K with the 3% daily loss limit and up to $100K with no daily loss limit. Evaluations don't count. It applies per household.

Household: each individual residential address. Only one Tradeify login is allowed per household, and the funded allocation cap applies per household.

Initial account balance: your account balance when the account is issued or activated.

Limitless plan: the Tradeify Perps plan. You buy an evaluation and, on passing, receive a funded account.

Rule options: the daily loss limit option and consistency option you choose at purchase. You can't change them afterwards.

Tradeify login: the login you use for both Tradeify Futures and Tradeify Perps. Only one is allowed per household.

Trader-controlled accounts: all your Tradeify Perps accounts: those registered to you, bought with your payment method or that you own, control, trade, fund or direct, alone or with anyone else.

Breach: any actual or attempted violation of the agreements, the Trading Rules, a policy, the law or sanctions rules, and any conduct we reasonably decide is prohibited, abusive, fraudulent, manipulative or a security risk.

Commission: the fee charged on each fill, on entry and exit, as a percentage of the fill's notional value.

Consistency (50%): an evaluation option. Your largest single trading day's realized profit must be no more than 50% of your total realized profit when you pass.

Copy trading: copying trades from one of your own Tradeify Perps accounts to your others with the platform's built-in feature.

Daily loss limit: the 3% limit on daily loss for accounts with the daily loss limit option, measured from the start-of-day balance.

Hedging: holding opposing positions in the same instrument, or in two or more instruments in the same Product Group. Prohibited whatever your intent.

Inactivity: placing no trades on an account for 30 consecutive calendar days. It's a breach.

Leverage: the multiple of margin you can use. It's set per instrument and by your daily loss limit option.

Liquidation: the automatic closing of all your open positions when your equity reaches the maximum loss floor or the daily loss floor.

Maximum loss: the 5% static maximum loss on every account. The floor never trails.

Microscalping: trading for small profits from tiny price moves over very short periods. At least 50% of your account profit must come from trades held longer than 10 seconds.

News leverage limit: the temporary 5x leverage limit during news windows.

News window: the period around a high-impact economic event or a company's earnings when the news leverage limit applies.

Non-market price: a price on the platform that doesn't reflect the prevailing market price at that moment, for example because of stale or delayed data.

Notional value: the size of a position multiplied by the price.

Opposing positions: long and short positions held at the same time in one account, across your own accounts or across your accounts and an external account.

Product Group: an asset class, treated as a separate group for the hedging rule. "Markets and leverage" lists the instruments in each.

Start-of-day balance: your closed account balance at the start of the trading day, at 16:45 US Eastern time.

Swap: the flat fee charged every hour on open long and short positions, as a percentage of notional value. There are no funding rates.

Total exposure: your exposure across all markets. It's capped at 40x your account balance on every account.

Trading day: the day ending at 16:45 US Eastern time. Each trading day starts when the previous one ends.

Weekend leverage limit: the temporary 5x leverage limit on every market from 16:45 US Eastern time on Friday until the market reopens after the weekend.

Cooldown: the 4-week period after a Live account is lost, during which you can't trade live. Afterwards you can resume paused evaluations and build a new Live Fund.

Eligible profit: the simulated profit on a funded account that can be paid out, after fees, adjustments and holds.

Gross payout: the profit a payout is based on, before it's split 75% to you, 10% to your Live Fund and 15% to Tradeify Perps.

Live account: the standard $100K account you receive when you go Live, with your Live Fund as its static drawdown. It's governed by the Live Trader Agreement.

Live Fund: the collateral built from 10% of each gross payout, which becomes your Live account's drawdown. It's never your money and can't be withdrawn.

Payout processor: the third-party provider that sends your payouts. We currently use Rise and Plane.

Request Live: the button in the dashboard you can press once your Live Fund reaches $3K.

Rewards and the Rewards Center:

Check-in: a review of you and your trading, by AI-assisted session or video call with our risk team. A person on the risk team makes every decision.

Coverage: trades we may place for our own account, with our own capital, that correspond to activity on the platform. It doesn't affect your account, your rules or your payouts.

Evaluation abuse: repeated maximum-risk, all-or-nothing attempts to pass by chance.

Fair play: trading on your own decisions, with a genuine strategy and risk you understand, not a process built to exploit the rules.

Fair-play violation: prohibited conduct that's inconsistent with fair play, including hedging, gaming the evaluation, group or coordinated trading and rolling accounts. It closes all your Tradeify Perps accounts and permanently bars you.

Group trading: trading coordinated with other people, by agreement, instruction, signals or shared execution, to manipulate outcomes or get around the rules.

KYC (identity verification): checking your identity, including sanctions screening. It's carried out by Sumsub.

Normal breach: reaching the maximum loss or daily loss limit, or inactivity. The account closes, but your Live Fund is kept.

Prohibited conduct: everything the Funded Trader Agreement and the Trading Rules prohibit.

Restricted countries: the countries where Tradeify Perps isn't available. See "Restricted countries and verification by country".

Rolling accounts: repeatedly using up accounts at maximum risk and buying new ones until one passes.

Rule violation: any breach other than a normal breach, including prohibited conduct and failing a check-in. The account closes and your Live Fund is forfeited.

Sanctions: economic or trade sanctions imposed by the US (including OFAC), the UK, the EU, the UN or another relevant authority.

Trader Development Program: a program we may place you in after an individual performance review. While you're in it, you can buy up to three evaluations a month and hold one active funded account at a time. At our discretion, the program can apply across Tradeify products.

Trading Rules: the Tradeify Perps Trading Rules, Annex A to the Funded Trader Agreement, published in full in "Tradeify Perps Trading Rules".