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RakeTrades Review 2026 — Is It Worth It? Here’s the straight answer: RakeTrades is a $199/month day trading community built around price action education, trend following strategies, and prop firm preparation. It’s for traders who want daily live sessions, real-time market feedback, and a structured path to trading professionally.

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What You Get

  • Price action day trading education — RakeTrades teaches you how to read charts and trade based on price movement and support/resistance levels, not just technical indicators. This is the foundation most successful traders build on.
  • Trend following strategies — You’ll learn to identify and ride market trends with a systematic approach. The focus is practical setups you can actually trade, not theoretical frameworks.
  • Daily live trading sessions — Founder Jake Ricci streams live market analysis every trading day. You watch real trades happen in real time and understand the decision-making process.
  • Prop firm preparation content — RakeTrades is built for traders aiming to pass prop firm challenges (like Funding Traders or The5ers). The curriculum covers risk management, consistency, and the psychology needed to trade with capital that isn’t yours.
  • Community discussion and support — With 12,389 active members, you get peer feedback, trade reviews, and a group working toward the same goal. It’s not a silo; it’s an actual trading community.
Check it out here and see what the 331 five-star reviews are about.

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Pricing

RakeTrades has one tier:
  • RakeTrades Premium: $199/month — Full access to everything: price action education, trend following strategies, prop firm preparation content, daily live trading sessions, and community. No tiered options, no cheaper version to test the water.
That’s the deal. No upsells, no hidden tiers. You either commit to $199/month or you don’t.

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Pros & Cons

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✅ Pros

  • Perfect 5.0★ rating with 331 reviews — RakeTrades sits at the top of its category in terms of user satisfaction. That’s not hype; that’s real feedback from real traders.
  • 12,389 active members — The community is genuinely large. You’re not paying for a ghost town. Live sessions, Discord discussions, and trade feedback are actually happening every single day.
  • Jake is active and engaged — The founder streams daily and participates in the community. You’re not buying a course from someone who disappeared three years ago.
  • Focus on prop firm preparation — This is a high-demand niche right now. If your goal is to trade other people’s capital (and get funded), RakeTrades is architected around that specific outcome.
  • Practical education over theory — You get trade setups, risk rules, and real examples. Not abstract market philosophy.

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❌ Cons

  • Premium price point — 199/monthissteepifyou′retestingthewaters.That′s199/month is steep if you're testing the waters. That's 2,388 a year before you’ve made a single dollar.
  • Only one paid plan — There’s no cheaper option to try RakeTrades before committing. You jump straight into the full $199/month tier or you’re out.

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Is RakeTrades Worth It?

If you’re serious about trading—not curious, not dabbling—RakeTrades delivers real value. The 5.0-star rating and 12,389 members aren’t accidents. Jake’s daily live sessions, the prop firm curriculum, and the price action foundation are exactly what traders at this stage need. The price hurts, and the lack of a test option is a real friction point. You’re betting $199 on day one. But if you’re already committed to trading and you want structured education plus daily accountability, this community earns its cost. Get started with RakeTrades today.

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FAQ

Is RakeTrades legit? Yes. RakeTrades has 12,389 active members and a 5.0-star rating across 331 reviews. Founded by Jake Ricci, it’s an active community with daily live trading sessions. The structure and member feedback confirm it’s a real, functioning product. How much does RakeTrades cost? RakeTrades is $199/month for full access. There are no cheaper tiers, no free trial, and no annual discount option mentioned. You pay the monthly rate to join. Who is RakeTrades best for? RakeTrades is built for traders aiming to pass prop firm challenges or improve their day trading consistency. If you already trade and want daily live sessions, price action education, and community feedback, you’re the target. If you’re brand new to markets, the $199/month investment might be premature. Does RakeTrades have a free trial? No. RakeTrades doesn’t offer a free trial or cheaper test plan. You commit to $199/month from day one. The 5.0-star rating and 331 reviews are your main proof point before paying. What makes RakeTrades different from other trading communities? RakeTrades combines daily live trading sessions from the founder, price action education, and specific prep for prop firm challenges—all in one paid community. The focus on trend following and practical setups, rather than indicator-heavy trading, sets the educational angle apart.

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Verdict

Score: 8.5/10 RakeTrades is a solid, well-reviewed community for traders serious about consistency and prop firm funding. The daily live sessions, price action focus, and large active membership create real value. The $199/month price and lack of a trial option are legitimate barriers, but they don’t reflect poor quality—they reflect high-confidence pricing. Best for: Experienced day traders aiming for prop firm challenges, traders already spending money on education, and people who value daily live market analysis and peer community feedback. Skip it if: You’re testing day trading for the first time, you’re on a tight budget, or you need a free trial before committing. Visit the page to join. Research assisted by XTraderHub