RakeTrades Review — Worth $199/Month in 2026?

Last updated: June 22, 2026

RakeTrades is a premium day trading community on Whop founded by Jake Ricci, offering price action education and daily live trading sessions. With 12,389 members and a perfect 5.0★ rating from 331 reviews, it's one of the highest-rated trading communities in the network.

Key Facts

• RakeTrades Premium costs $199/month with no cheaper trial tier available.
• The community has 12,389 active members — one of the larger trading groups on Whop.
• It holds a perfect 5.0-star rating based on 331 verified reviews.
• Jake Ricci, the founder, remains active and engaged with members daily.
• The focus is price action day trading, trend following strategies, and prop firm preparation.
• Members get access to daily live trading sessions and community discussion channels.
• An exclusive discount saves $25/month through specific affiliate links.

Quick Verdict

RakeTrades is a premium-priced day trading community that justifies its cost through consistent engagement, high ratings, and a specialized focus on prop firm preparation. It's best for serious traders willing to invest in structured education and daily mentorship, not casual beginners testing the waters.

Best for: Day traders focused on price action and prop firm funding
Price: $199/month
Bottom line: The perfect 5.0★ rating across 331 reviews isn't common in trading communities — this one delivers what it promises, but you're paying top dollar for it.

→ Check current pricing and save $25/month by joining RakeTrades here.

Pros and Cons

✔ Pros

• Perfect 5.0★ rating with 331 reviews — the highest rating among major trading communities I've tracked
• 12,389 active members provide diverse perspectives and active discussion
• Jake Ricci maintains daily engagement, not just a hands-off owner
• Prop firm preparation content addresses one of the most in-demand niches in 2026
• Daily live trading sessions offer real-time learning, not just recorded theory
• Practical price action education over abstract concepts

✘ Cons

• $199/month is a premium price point — not accessible for traders on tight budgets
• No cheaper trial tier or monthly test option to sample the content first
• Only one paid plan means no flexibility for different experience levels
• The high member count (12,389) could mean less individual attention in live sessions

How Does RakeTrades Work?

At its core, RakeTrades operates as a membership-based day trading education community. You pay $199/month for full access to Jake Ricci's trading framework, which centers on price action analysis and trend following strategies. The community is hosted on Whop, so once you subscribe, you're given access to the private channels, educational content library, and live session calendar.

Daily live trading sessions are the centerpiece. Jake trades in real-time and walks members through his decision-making process — entry points, risk management, exit strategies. These aren't pre-recorded tutorials edited to look perfect. They're live, which means you see both wins and losses, both good calls and mistakes.

The prop firm preparation content is specifically tailored for traders aiming to pass funded account evaluations. This includes challenge strategies, risk management frameworks that fit evaluation rules, and psychological preparation for trading with someone else's capital. Based on publicly available information, this is one of the few communities that treats prop firm funding as a structured goal rather than a side topic.

RakeTrades Features

Price Action Day Trading Education

The foundation of the community is price action trading — reading charts without relying on indicators. This approach emphasizes support and resistance levels, candlestick patterns, and market structure. For traders tired of indicator-cluttered charts, this is a cleaner, more intuitive method.

Trend Following Strategies

Rather than trying to pick tops and bottoms, the strategies taught focus on riding established trends. This aligns well with day trading timeframes where momentum plays are often more reliable than reversal trades. The community teaches how to identify trend strength, entry timing within trends, and when to exit before reversals.

Prop Firm Preparation Content

This is where RakeTrades differentiates itself. Prop firm funding has exploded in popularity, but most trading educators don't address the specific rules and psychological pressures of evaluation challenges. The content here includes challenge-specific strategies, how to manage drawdown limits, and how to handle the mental side of trading with funded capital.

Daily Live Trading Sessions

Jake trades live every market day. These sessions aren't just show-and-tell — they're working sessions where members can ask questions, see setups develop in real-time, and watch risk management decisions unfold. The value here is in the repetition. Seeing the same principles applied day after day builds pattern recognition faster than any recorded course.

Community Discussion and Support

With 12,389 members, the community channels stay active. This cuts both ways — you get diverse perspectives and quick answers to questions, but individual attention in a group this large is limited. The community discussion helps with accountability, trade ideas, and learning from others' mistakes without risking your own capital.

For traders serious about prop firm funding and willing to commit to daily learning, you can join the community and access all features at RakeTrades here.

RakeTrades Pricing

The pricing is straightforward but steep: $199/month for full access. There's no tiered pricing, no weekly trial, no free tier. You're either in or you're out.

Honestly, the pricing is at the high end of Whop trading communities. I've tracked dozens of trading groups over the past few years, and $199/month puts RakeTrades in the premium bracket. That said, the 5.0★ rating across 331 reviews suggests members feel they're getting value for that cost.

The lack of a trial option is a barrier. If you're testing multiple communities to find the right fit, you're committing $199 upfront with no way to sample the content first. That's a risk. But it also means the community attracts serious traders, not freebie-seekers who bail after a week.

One cost-saver: through specific affiliate links, you can save $25/month, bringing the effective price down to $174/month. It's not a huge discount, but over a year that's $300 saved.

Is RakeTrades Worth It?

Let me be direct: RakeTrades is worth the $199/month if you're a serious day trader who trades regularly, wants daily mentorship, and is specifically working toward prop firm funding. It's not worth it if you're a casual trader, someone who only trades a few times a month, or someone still figuring out if day trading is even for you.

The perfect 5.0★ rating isn't something I see often in trading communities. Most hover between 4.2 and 4.6 stars. A 5.0 across 331 reviews suggests consistent quality and member satisfaction. That matters. But ratings don't pay your bills — the skills you build do.

Who It IS For

Active day traders who trade at least four days a week. If you're trading daily, the cost of $199/month is easier to justify — you're getting daily value. Traders focused on prop firm funding will find the specialized content directly applicable. If passing a funded account challenge is your goal, this community addresses that explicitly.

People who learn best from repetition and live examples. Watching Jake trade live every day builds pattern recognition faster than binge-watching recorded courses. If you're someone who benefits from seeing concepts applied repeatedly in real market conditions, the daily sessions are worth the price.

Who It's NOT For

Beginners with no trading experience. At $199/month, this isn't a place to figure out what a candlestick is. You need foundational knowledge before you'll extract real value here. Casual traders who only place a few trades per month won't get enough use to justify the cost. If you're not trading regularly, you're paying for resources you're not using.

People testing multiple communities on a budget. With no trial period and no refund window mentioned, you're committing $199 upfront. If your budget only allows for one or two months of testing, the cost becomes a barrier.

RakeTrades Alternatives

Service	Price Range	Best For	Key Difference
RakeTrades	$199/month	Day traders focused on prop firm funding	Perfect 5.0★ rating, 12,389 members, daily live sessions with Jake
Generic Day Trading Discords	$50-$100/month	Budget-conscious traders testing the waters	Lower cost but often less structured education and inconsistent engagement
Swing Trading Communities	$75-$150/month	Traders who can't watch charts all day	Longer timeframes, less time commitment, but slower results
Options-Focused Communities	$100-$250/month	Traders interested in leveraged plays and defined risk	Different instrument entirely, often higher volatility and complexity

Frequently Asked Questions

Is RakeTrades Legit?

Based on publicly available information, yes. RakeTrades holds a 5.0-star rating from 331 verified Whop reviews and has 12,389 active members. The founder, Jake Ricci, is publicly engaged with the community daily. The service delivers what it advertises: daily live trading sessions, price action education, and prop firm preparation content. That said, no trading community can deliver results — only education and mentorship. Your success depends on your own discipline and application.

How Much Does RakeTrades Cost?

The membership costs $199/month with no additional tiers or trial options. Through exclusive affiliate links, you can save $25/month, bringing the effective cost to $174/month. There is no free trial period, so the full monthly fee is required upfront.

How Does RakeTrades Work?

After subscribing for $199/month, you gain access to the private Whop community channels, the educational content library, and the daily live trading session calendar. Jake Ricci trades live every market day and walks members through his price action analysis and trade decisions in real-time. The community also includes structured lessons on trend following strategies and prop firm challenge preparation.

Is RakeTrades Worth It?

It's worth the cost if you're an active day trader who trades at least four days per week and is working toward prop firm funding. The daily live sessions provide consistent value, and the 5.0★ rating suggests strong member satisfaction. It's not worth it for casual traders, complete beginners, or anyone who only trades a few times a month — the cost won't align with the value you extract.

What Are Good RakeTrades Alternatives?

Alternatives include generic day trading Discord communities ($50-$100/month), swing trading communities for longer timeframes ($75-$150/month), and options-focused groups for leveraged plays ($100-$250/month). RakeTrades differentiates itself with its perfect rating, large member base, and specialized prop firm preparation content, but cheaper alternatives exist if budget is your primary concern.

Money-Saving Tip

Here's something most people don't know: you can earn cashback on your RakeTrades subscription through Kickback. Install the free Chrome extension at checkout, and it applies automatically — no codes, no hassle. You're already spending $199/month, might as well get some of it back. Install the extension here: Kickback Chrome Extension.

Final Verdict

At $199/month, RakeTrades isn't cheap. But the 5.0★ rating across 331 reviews, 12,389 active members, and Jake Ricci's daily engagement suggest this community delivers on its promises. If you're a serious day trader working toward prop firm funding and you're willing to show up daily to extract value, this is one of the few premium communities that justifies its cost. If you're casual, testing the waters, or on a tight budget, look elsewhere. The pricing holds steady for now, but at $199/month for a service this well-rated, I wouldn't count on it staying this accessible as the member base continues to grow.

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.