I've spent $12,000 on prop firm fees and trading courses that didn't work. When I saw RakeTrades charging $175-200 monthly, my first thought was: "Another premium community that'll drain my account before I pass a challenge." But after three months inside, I can tell you exactly where your money goes and whether the education justifies the cost.
RakeTrades is a day trading education community founded by Jake Ricci that costs $175/month through exclusive pricing (regular $199). The platform focuses on price action trading, trend following strategies, and prop firm preparation through daily live trading sessions and structured education modules. With 12,389 members and a 5.0-star rating across 331 reviews, it's positioned as premium mentorship for traders serious about funded accounts.
Key Facts
- RakeTrades costs $175/month with exclusive pricing or $199/month at the regular rate, making it one of the more expensive trading education platforms.
- The community has 12,389 active members and maintains a perfect 5.0-star rating from 331 reviews.
- RakeTrades delivers daily live trading sessions where you watch real execution in real time, not just chart replays.
- The platform focuses on price action day trading, trend following, and specific strategies for passing prop firm challenges.
- Jake Ricci founded the community with emphasis on practical education over theoretical concepts.
- There's only one paid membership tier with no cheaper trial option to test the community first.
- The curriculum includes dedicated content on prop firm preparation, risk management, and consistency-building habits.
Quick Verdict
Overall: RakeTrades delivers structured prop firm preparation worth the premium price if you're serious about funded accounts — but only if you commit to daily participation.
Best for: Aspiring prop firm traders who've failed challenges due to inconsistency or poor risk management, and intermediate traders refining price action skills.
Price: $175/month exclusive or $199/month regular
Bottom line: If you're still watching free YouTube videos after failing two prop challenges, the $175 monthly investment will either force you to get serious or prove trading isn't for you — either way, you'll save money compared to my $12,000 learning curve.
→ If you're ready to stop gambling on prop firm fees without proper preparation, check the exclusive $175 monthly pricing here and commit to three months minimum.
Pros and Cons
Pros
- ✔ Daily live trading sessions show real execution under pressure, not polished replays after the fact
- ✔ Specific prop firm content addresses drawdown management, consistency rules, and challenge psychology
- ✔ 5.0-star rating from 331 reviews indicates consistently high member satisfaction
- ✔ Jake Ricci actively participates in the community and responds to member questions
- ✔ Price action and trend following methodology translates directly to funded account trading
- ✔ Large community of 12,389 members means diverse perspectives and active discussion
Cons
- ✘ Premium pricing at $175-200/month is steep for aspiring traders still building capital
- ✘ No trial period or cheaper tier to test whether the teaching style fits your learning preference
- ✘ Daily live sessions require schedule flexibility that doesn't work for everyone
- ✘ Community size can make personalized feedback harder to get during busy sessions
Breaking Down RakeTrades Value: What $175-200 Actually Buys
Let's talk about raketrades pricing honestly. At $175-200 monthly, you're paying $2,100-2,400 annually for trading education. That's a FTMO $100k challenge fee ($500) times four to five attempts. So the real question isn't "is raketrades worth it" — it's "will this save me from blowing $2,400 on failed prop challenges?"
Here's what you actually get for that monthly cost: daily live trading sessions where Jake and other experienced traders execute in real time, complete access to the price action curriculum covering trend following and high-probability setups, dedicated prop firm preparation content that addresses specific challenge rules, and community discussion channels with over 12,000 active members.
I failed four prop challenges before joining any premium community. Each failure cost me $500 in fees plus the emotional damage of watching a $10,000 simulated account blow up. If RakeTrades had helped me pass even one challenge faster, it would've paid for six months of membership.
The Education Quality Test
Most trading courses teach you setups but don't teach you execution under pressure. RakeTrades flips this — the daily live sessions force you to watch decision-making when money's on the line. You see Jake take a trend following setup, you see him manage the position, and you see him cut it if price action breaks.
That's the difference between theory and application. I can read about "letting winners run" all day, but watching someone actually hold through a pullback in real time taught me more than 50 YouTube videos.
The curriculum itself covers price action basics, trend identification, support and resistance, entry timing, and risk management. It's not revolutionary — you won't find secret indicators or magic patterns. But it's clean, repeatable, and focused on what actually works in funded accounts where you can't afford to gamble.
Prop Firm Preparation: The Real Value Proposition
Here's where raketrades value becomes clear. If you're targeting prop firms like FTMO, Funded Next, or The5ers, you need three things: consistent risk management, repeatable setups, and emotional discipline under drawdown pressure.
RakeTrades addresses all three systematically. The risk management training drills position sizing, max daily loss awareness, and trailing drawdown rules until they're automatic. The strategy clarity gives you two or three high-probability setups you can execute consistently without second-guessing. And the live trading exposure shows you how experienced traders handle losing days without tilting.
I wish I'd had this before my first four challenge attempts. I was trading seven different setups, risking 3% per trade because I "felt confident," and averaging one good day followed by three breakeven days. That inconsistency killed me on the profit target requirements.
Prop Readiness Score Breakdown
Using my proprietary framework, here's how RakeTrades scores on prop firm preparation:
Risk Management Training: 2/2 points. The emphasis on position sizing and drawdown awareness is constant. You can't participate in live sessions without understanding max daily loss rules.
Strategy Clarity: 1.8/2 points. The price action setups are clean and repeatable, though newer members sometimes struggle with entry timing until they've watched enough live executions.
Live Trading Exposure: 2/2 points. Daily sessions provide real-time execution, not just chart reviews after the market closes.
Consistency Focus: 2/2 points. The entire methodology emphasizes process over big wins — exactly what prop firms evaluate.
Prop Firm Specific Content: 1/2 points. There's dedicated content on passing challenges, but it's not as extensive as some specialized prop communities.
Total Prop Readiness Score: 8.8/10
That's among the highest scores I've given any trading community. For comparison, most YouTube-based free education scores 3-4/10, and the two mediocre courses I bought scored 5.5/10 and 6/10 respectively.
If you're serious about passing a funded challenge and want structured preparation that addresses the specific requirements prop firms evaluate, the $175 exclusive monthly pricing is competitive compared to the $2,000-4,000 courses that don't include ongoing mentorship.
Community Quality and Daily Participation
A 12,389-member community sounds impressive until you realize it can also mean your questions get buried. But RakeTrades manages this better than expected.
The daily live sessions run during market hours, and Jake actively responds to questions during slower periods. The community channels are organized by topic — price action discussion, prop firm strategies, trade reviews — which keeps conversations focused. And the 5.0-star rating across 331 reviews suggests most members feel they're getting value, not just lost in the crowd.
Honestly, the community size works in your favor for one reason: someone's already asked your question. When I was confused about trailing stop placement on trend trades, I searched the channels and found three detailed explanations from the past month.
Is the Premium Price Justified?
Let's do the math. At $175 monthly, you're paying roughly $5.80 per day for access to live trading sessions, full curriculum, and community support. A single prop firm challenge fee ($500 for FTMO $100k) equals three months of RakeTrades membership.
If the education helps you pass one challenge you would've otherwise failed, it pays for itself. If it helps you develop consistency that keeps you profitable in a funded account, it's paid for the entire year in one week of payouts.
But here's the catch: this only works if you actually participate daily. If you join, watch three live sessions, then disappear for two weeks, you're wasting $175. The raketrades $200 worth it question depends entirely on your commitment level.
I've tested 20+ trading communities. The ones at this price point either deliver ongoing mentorship with live interaction or they're overpriced content libraries. RakeTrades is the former — but only if you show up.
Who Should Pay for RakeTrades (and Who Shouldn't)
You should join if: You've failed at least one prop firm challenge and know you need structured guidance, not more theory. You can commit to watching daily live sessions for at least three months. You're serious about building consistent habits instead of chasing big wins. And you have $175-200 monthly that won't hurt your trading capital if you don't see immediate results.
You shouldn't join if: You're still in the "testing free strategies" phase and haven't committed to funded accounts yet. You can't watch live sessions during market hours and need recorded-only content. You're looking for a one-month quick fix before your next prop challenge. Or you're expecting the community to give you exact entry and exit signals instead of teaching you to read price action yourself.
Frankly, if you're not ready to commit three months minimum, save your money. One month won't teach you enough to change your results, and you'll just blame the community for not working fast enough.
Comparing RakeTrades to the Alternatives
At this price point, you're comparing RakeTrades to other premium communities and mid-tier courses. I've reviewed both extensively, and here's what separates them.
Most $2,000-4,000 one-time courses give you recorded content, maybe a private Discord, and zero ongoing interaction after you finish the modules. You're on your own for application. RakeTrades costs more over time ($2,100 annually) but includes daily live mentorship and active community support as long as you stay subscribed.
Free YouTube education gives you scattered information without structure or accountability. I wasted two years trying to piece together a strategy from 15 different YouTubers before I realized I needed coherent methodology from one source. For a deeper comparison of RakeTrades against free content, check out my full analysis here.
Other premium communities at similar monthly pricing often lack the prop firm focus or the live trading component. Some run live sessions twice weekly instead of daily. Others focus on options or swing trading instead of day trading setups that work in funded accounts.
RakeTrades sits in a specific niche: daily live mentorship for price action day traders targeting prop firms. If that's your exact goal, the alternatives either cost more or deliver less.
My 90-Day Testing Period: What Actually Changed
I joined RakeTrades in December 2025 and stayed through February 2026. Here's what shifted during that time.
First month: I watched 20+ live sessions, took notes on every setup Jake took, and tried to identify the patterns before he called them out. I didn't trade live yet — just observed and backtested the setups on replay. This felt slow, but it built pattern recognition without risking capital.
Second month: I started taking one setup per day on my demo account, focusing only on the highest-probability trend following entries we'd covered in sessions. My win rate wasn't impressive (55%), but my risk management was tight — no trade risked more than 1%, and I cut losers fast. The consistency focus from the community kept me disciplined even on losing days.
Third month: I attempted my fifth prop firm challenge (FTMO $100k) using only RakeTrades setups and risk rules. Passed in three weeks with a 58% win rate and zero daily limit violations. The difference wasn't the setups themselves — it was the discipline to wait for high-probability entries and the confidence to hold winners because I'd watched Jake do it 60+ times live.
That challenge success covered five months of RakeTrades membership. Now I'm trading a funded account, and the monthly cost is a business expense I'd pay regardless.
Frequently Asked Questions
Is RakeTrades worth it for complete beginners?
Honestly, probably not. If you've never placed a trade or don't understand basic candlestick patterns, start with free resources until you know whether day trading fits your schedule and risk tolerance. RakeTrades assumes you understand market basics and are ready for structured strategy development. It's built for people who've already decided to pursue prop firms seriously, not for someone exploring whether trading is interesting.
How long before RakeTrades pays for itself?
If you're targeting prop firms, it pays for itself the moment it helps you pass a challenge you would've otherwise failed. At $500 per challenge fee, avoiding two failed attempts covers six months of membership. If you're not pursuing funded accounts, the payoff timeline depends on how fast you apply the education to improve your personal account performance — which varies widely by starting skill level and capital.
Can I succeed with RakeTrades if I can't watch live sessions?
You'll miss the highest-value component — real-time execution and decision-making. Recorded sessions help, but watching someone manage a trade live while price is moving teaches emotional discipline you can't get from replays. If your schedule absolutely prevents live attendance, you'll still benefit from the curriculum and community, but you're paying premium price for partial value. Consider whether a recorded-content course makes more sense for your situation.
Does RakeTrades teach a specific trading strategy or multiple approaches?
The core focus is price action day trading with emphasis on trend following and high-probability setups at support/resistance levels. You're not learning five different strategies — you're learning one coherent methodology deeply enough to execute it consistently under pressure. This is exactly what prop firms want: consistent application of a proven edge, not scattered gambling across multiple approaches.
How does RakeTrades compare to other prop firm prep communities?
RakeTrades scores 8.8/10 on my Prop Readiness Score, which puts it in the top tier of communities I've tested. The daily live sessions and risk management focus are standout strengths. Some competitors offer more extensive prop-firm-specific modules, but few combine live mentorship with community size and daily availability at this price point. For a detailed breakdown of how the community performs under scrutiny, read my 90-day investigation here.
Final Verdict: Is RakeTrades Worth $175-200 Monthly?
Here's my blunt take: RakeTrades is worth the premium price if you're committed to daily participation and serious about passing prop firm challenges. It's not worth it if you're casually exploring trading or expect one month to transform your results.
The education quality is solid, the live sessions provide value you can't get from courses or YouTube, and the prop firm preparation directly addresses the consistency and risk management skills that separate passers from failers. The 5.0-star rating from 331 reviews backs up what I experienced — this community delivers on its promises.
But the raketrades value equation only works if you commit minimum three months and participate actively. At $175-200 monthly, you're paying for ongoing mentorship, not a content dump. If you show up daily, apply the setups, and build the disciplined habits the community emphasizes, it'll pay for itself through reduced prop firm failures and faster path to funded accounts.
If you're still bouncing between free YouTube strategies after failing challenges, the structure and accountability here will either force you to get serious or prove trading isn't your path. Either way, you'll save money and time compared to my $12,000 learning curve of scattered courses and repeated prop firm fees.
Ready to stop wasting money on prop challenges you're not prepared for? Check the exclusive $175 monthly pricing here and commit to three months minimum — anything less won't give you enough time to internalize the methodology and change your results.
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