I recently had a rather disappointing experience with this trading firm. Initially, I purchased their service and successfully passed the test. In my first month, I managed to generate a profit. However, I ended up violating some of their maximum daily profit rules, which resulted in a complete halt to my ability to withdraw funds. They reset my account for the following month, and I made sure to adhere strictly to their guidelines, achieving profits once again.
Despite this, they claimed my risk management practices didn’t meet their standards and decided to close my account without compensating me for my gains. To be clear, I followed all the rules, staying well within the drawdown limits of 3.2%, a fraction of the allowed 10%, yet they still shut me down and kept my profits.
Honestly, I can’t take this firm seriously as a trading partner. Here’s the rather ambiguous email they sent me:
“Dear Trader,
We hope this email finds you well. We value your partnership with us, and it is with regret that we bring an important matter to your attention regarding your trading account XXXXXXX.
Following a comprehensive review of your trading strategy and its potential impact on our risk management, we find ourselves unable to continue supporting your current trading approach. The inherent risk associated with your strategy poses challenges to the overall financial stability of our firm.
While we appreciate the diversity of trading strategies among our clients, we must uphold a risk profile that aligns with the long-term sustainability of our business. Unfortunately, your trading strategy falls outside the risk parameters that we can accommodate.
As a result, we have made the difficult decision to close your trading account with us, effective immediately. This decision is not a reflection of your trading abilities but is solely based on the risk assessment and financial considerations of our firm.
In line with our commitment to client satisfaction, we acknowledge the note based on what is described in the Independent Contractor Agreement – Funded Trader, clause 21)b).
Here are the key details related to the account closure:
– Closure Date: 13/11/2024.
We understand that this news may come as an unexpected development, and we apologise for any inconvenience it may cause. If you have further concerns or inquiries, please do not hesitate to contact our Customer Support team.
We appreciate your understanding in this matter and we wish you continued success in your future trading endeavours.
Best regards,
TradiCave Risk Team”
Krista Harris
5 months ago
Avoid purchasing a challenge from this firm. Despite adhering to all the guidelines provided, I experienced a complete refusal of payout from them, and my account was subsequently closed.
Gabriella Kuhic
5 months ago
My experience with this firm was quite disappointing. I strongly advise against investing here; you’re unlikely to see any returns. They put on a facade of success, but the reality is far from it. Instead, I suggest considering PAIVA as an alternative. I’ve found them to be reliable when it comes to payouts.
Missouri Towne
6 months ago
I found my experience with this proprietary trading firm to be quite disappointing. It felt like a waste of both time and money. The company seems resistant to processing withdrawal requests, making you wait indefinitely. It honestly feels like they operate under the belief that most traders will fail—perhaps as many as 95%. When you reach your profit target, they often find some excuse not to release your funds. All in all, it’s been frustrating and disheartening.
Era Funk
7 months ago
On July 15th this year, I requested to withdraw my earnings as an affiliate. Initially, they assured me that the payment would be processed by the end of the month. However, when that deadline came and went without any funds being transferred, I reached out again. They informed me they’d look into it with the relevant department. Unfortunately, after that, all communication ceased. My emails went unanswered, and I received no updates. It’s incredibly disappointing to see that they’re not fulfilling their obligations, and I can’t help but feel that this company engages in deceptive practices.
Ezekiel Johns
7 months ago
This proprietary trading firm has really let me down. It’s disappointing to see that they struggle to pay their traders. Overall, the experience has been incredibly frustrating, and I just can’t recommend them at this point.
Narciso Herzog
7 months ago
This proprietary trading firm has really let me down. It’s disappointing to see that they struggle to pay their traders. Overall, the experience has been incredibly frustrating, and I just can’t recommend them at this point.
Alize Breitenberg
7 months ago
Beware! This firm has raised serious concerns about its integrity. Many traders have reported suspicious practices that make you question their legitimacy. It’s hard to ignore the mounting complaints from individuals claiming they’ve lost substantial amounts. If you’re considering working with them, it might be wise to proceed with caution. Trust should never be taken lightly, especially in the world of trading. Always do thorough research before committing your hard-earned money.
Mike Kuhn
7 months ago
This company is absolutely a scam. They slither around like a snake, looking for any excuse to deny your profits. It’s frustrating to deal with a firm that operates in such a deceptive manner. You really have to be on guard, because they seem to have no qualms about taking advantage of traders.
Winnifred Torphy
8 months ago
I’m really pleased to have found this platform. It’s incredibly user-friendly and provides a fantastic overall experience. By adhering to their rules and regulations, I was able to pass their prop firm account with the smart funded HFT I rented from MQL5. Honestly, I couldn’t be happier at this moment!
Florida Keebler
8 months ago
Don’t waste your time or your money on this proprietary trading firm. From my experience, it’s nothing short of a scam. I reached out multiple times via emails and chats, but I received no responses. Unfortunately, I ended up losing a significant amount of money while trading with them.
William Reilly
8 months ago
I really wouldn’t recommend purchasing an account here. I’ve faced constant issues with withdrawals, and it’s been frustrating. In fact, I believe they’ve taken over $3,000 from me already.
Destany Roob
8 months ago
This company operates in a highly questionable manner. It’s hard to believe that those behind it have not faced any consequences for their actions. Frankly, it feels like they should be held accountable, if not facing legal action.
Ezra Bechtelar
8 months ago
After Tradicave unexpectedly denied my initial payout, citing an illogical reason (they claimed I was copying trades from other accounts), today they have once again rejected my request for a payout. To add to my frustration, they’ve also suspended my account. This situation has led me to believe that this company is definitely a scam. I strongly advise against getting involved with them.
Nasir Kutch
8 months ago
I’m honestly pretty disappointed and feel like I’ve wasted a lot of time on what seems to be a scam. I joined a few weeks back and was all in, dedicating everything I had to Beyond Standard. But when it came time for me to get paid, I couldn’t even find my account. It’s frustrating that Beyond Standard didn’t show their true value sooner; they really saved me from a mess that I should have avoided by being more careful about where I focused my efforts.
Eusebio Langworth
8 months ago
During my time as an affiliate with Tradicave, I successfully generated 36 sales, amounting to a total of $1,687.66. Yet, disappointingly, I haven’t received a single cent from them.
I’ve reached out over 20 times via email and initiated several support tickets; unfortunately, none of my issues have been addressed. It’s frustrating to feel like I’ve worked for nothing. Honestly, it’s making me feel quite foolish.
Janae Dickens
8 months ago
Tradicave offers fantastic opportunities for traders, but there’s a common hurdle that comes up with IP addresses during payout times. A practical solution is to consider renting a smart HFT from MQL5. This approach empowers you to address those challenges autonomously and sidestep any IP-related issues when it’s time to receive your earnings. It’s an uncomplicated and efficient strategy, which is why many savvy traders prefer it for ensuring smooth payments.
Mayra Wyman
8 months ago
This company seems like just another scam. They initially approved my first approach, but then they denied my first payout based on their own confusing rules. Even after following their very specific guidelines for the second payout, it was also rejected. I definitely recommend steering clear of this firm.
Ezra Ryan
8 months ago
Whenever you see “mlq5” mentioned in a review, especially if it talks about renting an EA, you can almost guarantee it’s a fabricated bot review. There are tons of these scattered throughout the review section.
Kaycee Durgan
8 months ago
I hold two accounts with Tradicave, and I can confirm that both have received payouts without any issues.
Tradicave is indeed a legitimate firm. If someone has a negative experience, it often stems from not following the rules.
What I appreciate is their focus on community feedback. Personally, I rented the Smart funded HFT on mlq5 to tackle the challenge account, and I was pleased with the results. 😊
Hallie Okuneva
I recently had a rather disappointing experience with this trading firm. Initially, I purchased their service and successfully passed the test. In my first month, I managed to generate a profit. However, I ended up violating some of their maximum daily profit rules, which resulted in a complete halt to my ability to withdraw funds. They reset my account for the following month, and I made sure to adhere strictly to their guidelines, achieving profits once again.
Despite this, they claimed my risk management practices didn’t meet their standards and decided to close my account without compensating me for my gains. To be clear, I followed all the rules, staying well within the drawdown limits of 3.2%, a fraction of the allowed 10%, yet they still shut me down and kept my profits.
Honestly, I can’t take this firm seriously as a trading partner. Here’s the rather ambiguous email they sent me:
“Dear Trader,
We hope this email finds you well. We value your partnership with us, and it is with regret that we bring an important matter to your attention regarding your trading account XXXXXXX.
Following a comprehensive review of your trading strategy and its potential impact on our risk management, we find ourselves unable to continue supporting your current trading approach. The inherent risk associated with your strategy poses challenges to the overall financial stability of our firm.
While we appreciate the diversity of trading strategies among our clients, we must uphold a risk profile that aligns with the long-term sustainability of our business. Unfortunately, your trading strategy falls outside the risk parameters that we can accommodate.
As a result, we have made the difficult decision to close your trading account with us, effective immediately. This decision is not a reflection of your trading abilities but is solely based on the risk assessment and financial considerations of our firm.
In line with our commitment to client satisfaction, we acknowledge the note based on what is described in the Independent Contractor Agreement – Funded Trader, clause 21)b).
Here are the key details related to the account closure:
– Closure Date: 13/11/2024.
We understand that this news may come as an unexpected development, and we apologise for any inconvenience it may cause. If you have further concerns or inquiries, please do not hesitate to contact our Customer Support team.
We appreciate your understanding in this matter and we wish you continued success in your future trading endeavours.
Best regards,
TradiCave Risk Team”