RakeTrades Review 2026 — Is It Worth It?

If you've been scrolling through Whop looking for a day trading community that's actually worth the investment, you've probably come across RakeTrades. At $199/month, it's one of the pricier options out there—so naturally, you're wondering if it delivers. This RakeTrades Review 2026 — Is It Worth It? will break down exactly what you're paying for, who should join, and whether Jake Ricci's community lives up to its perfect 5-star rating.

I've spent the past four years testing Whop communities across trading, reselling, and education niches. I've burned over $12,000 on subscriptions—some brilliant, most mediocre, a few outright scams. RakeTrades sits at the top of the ratings pile with 331 reviews and a flawless score, but here's what they don't tell you on the sales page: premium pricing doesn't always mean premium results. Let's dig into whether this one's different.

Check out RakeTrades here to see the current offering and member count.

What Is RakeTrades?

RakeTrades is a day trading community built around price action strategies and trend following. It's run by Jake Ricci and has grown to 12,389 members—one of the larger active trading communities on Whop. The core focus is teaching retail traders how to read charts without relying on indicators, plus preparation for passing prop firm challenges (which is huge if you're trying to trade with funded capital instead of risking your own money).

The community isn't just recorded lessons you watch alone at 2 a.m. Jake runs daily live trading sessions where he walks through his setups in real time. You're getting price action day trading education, trend following strategies, prop firm preparation content, and ongoing community discussion and support. It's positioned as a full-service trading education platform rather than a quick-tip Discord.

Who's it for? Intermediate traders who already understand the basics but can't seem to get consistent. Beginners who are serious enough to invest $199/month from day one. Anyone eyeing prop firms like FTMO or MyForexFunds and wanting structured prep. If you're still Googling "what is a candlestick chart," you might want to start cheaper—but if you've blown a few accounts and need a structured reset, RakeTrades could be the accountability and education you're missing.

Key Features & Benefits

Let me break down what you actually get inside RakeTrades, because the sales page loves to stay vague and I don't.

Price Action Day Trading Education: The core curriculum teaches you to read raw price movement—support, resistance, candlestick patterns, market structure. No lagging indicators cluttering your charts. This approach works well for day traders and scalpers who need fast decisions. Jake's method focuses on clean setups you can spot in seconds, not some 47-indicator system that repaints.

Trend Following Strategies: RakeTrades emphasizes riding trends instead of trying to catch reversals (which is where most new traders blow up). You're learning to identify higher highs and higher lows, enter on pullbacks, and let winners run. It's not sexy, but it's profitable if you have the discipline.

Prop Firm Preparation Content: This is a major selling point. Passing a prop firm challenge means you can trade with $50k–$200k of the firm's capital and keep 70–90% of profits. RakeTrades includes specific modules on managing drawdown rules, hitting profit targets without overtrading, and choosing which prop firms are actually legit. If your goal is funded trading, this content alone justifies a few months of membership.

Daily Live Trading Sessions: Jake streams his trades live most market days. You see his thought process in real time—entries, exits, mistakes, wins, losses. This is where theory becomes practice. You're not just watching polished highlight reels; you're seeing how a trader actually navigates choppy mornings and fakeouts. The replay library is available if you can't attend live.

Community Discussion and Support: The 12,389 members aren't just lurkers. There's active chat around setups, trade reviews, and mindset. Other members post their wins and losses (transparency is encouraged), and Jake is active and engaged in the discussions. You'll get feedback on your trades, not just crickets.

See what's included in RakeTrades and explore the full feature list.

RakeTrades Review 2026 — Is It Worth It?

Here's where I give you the honest take. RakeTrades has a perfect 5.0★ rating with 331 reviews, which is rare on Whop. Most communities sit between 4.2 and 4.7 because someone always complains about something. The fact that Jake has maintained a flawless score with over 300 reviews tells me two things: he's delivering consistent value, and he's probably very responsive to member concerns.

The $199/month price is steep—there's no dancing around that. You're paying more than most Netflix-and-chill trading Discords charge. But here's the thing: if you're serious about day trading or prop firms, you're going to spend that $199 in trading fees and mistakes within a week anyway. The question isn't "is it expensive?" but "does it save me more money than it costs?"

From what I've seen reviewing dozens of trading communities, RakeTrades does something most don't: it emphasizes practical education over theory. You're not drowning in 40-hour recorded course modules before you ever see a live trade. Jake's daily sessions mean you're learning by watching someone actually trade, not just talk about trading. That's the difference between a course and a mentorship.

The focus on prop firm preparation is smart positioning. Funded trading is exploding in 2026, and most traders have no clue how to pass evaluations without violating drawdown rules. If RakeTrades helps you pass even one $50k challenge, you've paid for a year of membership in your first profit split.

But let's talk downsides. There's only one paid plan—no cheaper test option. You're either all-in at $199/month or you're out. Some communities offer a $50–$99 tier so you can dip your toes in. RakeTrades doesn't, which means the commitment barrier is high. If you're not sure day trading is for you, this isn't the place to find out. Go watch YouTube for three months first, then come back.

Also, premium price point means premium expectations. If Jake takes a week off or the live sessions get inconsistent, members will notice and won't be shy about it. So far the reviews suggest he's keeping up the pace, but it's something to monitor.

Bottom line: RakeTrades is worth it if you're committed to day trading or prop firm funding, you have realistic expectations (no one's promising you'll 10x your account in a month), and you can afford the monthly without stressing. It's not worth it if you're casual, if you can't attend live sessions regularly, or if you're hoping for a magic strategy that prints money while you sleep.

Pros & Cons

✅ Pros:

• Perfect 5.0★ rating with 331 reviews — highest rated in its category
• 12,389 active members — large, engaged community
• Jake is active and engaged with members
• Focus on prop firm preparation — high demand niche
• Practical education over theory — live sessions beat recorded lectures

❌ Cons:

• Premium price point — $199/month is a real commitment
• Only one paid plan — no cheaper test option to try before you dive in
• High expectations come with high price — any dip in quality will be felt immediately

How Much Does RakeTrades Actually Cost You?

Let's do the math because $199/month sounds like a lot until you compare it to your other trading expenses. If you're trading with your own capital, a single revenge-trade mistake can cost you $500. If you're paying for prop firm challenges, that's $150–$600 per attempt, and most traders fail their first 2-3 tries. If RakeTrades cuts your learning curve by even three months, you've saved thousands in tuition-by-loss.

That said, you need to budget for at least 3–6 months to see real results. One month won't rewire your trading brain. If you can't comfortably afford $600–$1,200 to give this a fair shot, wait until you can. Trading education is an investment, not a lottery ticket.

Get started with RakeTrades and see the current membership options.

Who Should (and Shouldn't) Join RakeTrades

You should join if:

• You're actively day trading or planning to within the next month
• You want to pass a prop firm challenge and trade with funded capital
• You learn better from live examples than recorded theory
• You can attend (or watch replays of) daily live sessions consistently
• You have the budget and commitment for at least 3 months

You shouldn't join if:

• You're still deciding if trading is for you—try free YouTube content first
• You can't afford $199/month without financial stress
• You want a "set and forget" swing trading community (this is day trading focused)
• You expect guaranteed profits or a magic indicator—no community can promise that
• You're looking for options, crypto, or futures exclusively (RakeTrades is mainly forex and indices)

FAQ

Is RakeTrades legit?
Yes. RakeTrades has 12,389 members, a perfect 5.0★ rating with 331 reviews on Whop, and Jake Ricci is actively running daily live sessions. It's one of the most established trading communities on the platform. No red flags in terms of legitimacy—just make sure your expectations are realistic about what any trading education can deliver.

How much does RakeTrades cost?
RakeTrades costs $199 per month. There's only one membership tier, so you get full access to all price action education, trend following strategies, prop firm prep, and daily live trading sessions. No hidden upsells or extra paywalls once you're in.

Who is RakeTrades best for?
RakeTrades is best for intermediate to advanced day traders who want to refine their price action skills, and for anyone preparing to pass prop firm challenges. If you're serious about funded trading and need structured, live mentorship, this is one of the top options on Whop. Beginners can join if they're fully committed, but casual learners should start cheaper.

RakeTrades vs other trading communities—how does it compare?
RakeTrades sits at the premium end with its $199/month price and perfect rating. Compared to cheaper communities ($50–$99/month), you're paying for Jake's active involvement, daily live sessions, and a large engaged member base. If you want a "show up and watch someone trade live every day" experience, RakeTrades delivers better than most. If you just want recorded courses and occasional Q&A, cheaper alternatives exist.

Does RakeTrades have a free trial?
No. RakeTrades does not offer a free trial or a cheaper introductory tier. You pay $199/month from day one, which is a significant commitment. This keeps the community serious (no tire-kickers), but it also means you need to be confident in your decision before joining. Review the sales page carefully and maybe reach out to current members if you're on the fence.

How to Get Started With RakeTrades

If you've decided RakeTrades is the right fit, getting started is straightforward. Head over to the RakeTrades page, review the current membership details, and sign up. You'll get immediate access to the community, the education library, and the daily live session schedule.

My advice: block out time for the first live session you can attend. Don't just browse the recorded content and ghost—the real value is in the live interaction and seeing Jake's decision-making process in real time. Take notes, ask questions, and post your trades for feedback. The 12,389 members aren't there to judge you; they're there because they're on the same journey.

Treat the first month as your onboarding. Get familiar with Jake's price action framework, watch at least 10 live sessions (or replays), and start paper trading his setups before risking real money. Month two, start taking small live trades. Month three, evaluate your progress honestly. If you're seeing improvement in your decision-making and consistency, keep going. If not, reassess whether day trading is your path or if you need a different style.

Verdict

Score: 8.5/10

RakeTrades earns a strong 8.5 out of 10 for its perfect rating, engaged founder, practical education approach, and focus on the high-value prop firm niche. The $199/month price and lack of a trial option knock it down slightly, but if you're serious about day trading or funded trading, this is one of the best-structured communities on Whop. Jake Ricci has built something that actually delivers on its promises, which is rarer than it should be.

Best for: Committed day traders and anyone preparing for prop firm challenges who want live mentorship and a proven price action framework. Not ideal for beginners on a tight budget or casual traders just exploring.

Disclaimer: This is an independent review based on publicly available information. We may earn a commission if you purchase through our links at no extra cost to you. This does not affect our analysis.