Think Capital Promo Code MADTRADES applies a 20% discount to ThinkCapital's evaluation challenges, reducing the entry fee on any programme and account size the firm offers. Most guides to the code are written for someone buying their first evaluation. This one is written for the reader who already has an account with the firm — someone part-way through a Dual Step evaluation, someone trading a funded account, or someone who breached a rule and is deciding whether to go again. The questions are different, and so are the answers.
The single most important distinction: purchases versus accounts
A discount code of this type attaches to a purchase, not to an account. That sounds like a technicality but it decides almost everything about what an existing account holder can do with it. The 20% is applied when a challenge fee is calculated at checkout. It reduces what leaves your card. It does not reach backwards into an evaluation you have already paid for, and it does not reach forwards into the funded stage to change your targets, your drawdown limits or your profit split.
So the practical test for any existing account holder is simple: is there a checkout involved? If you are about to select a programme, choose an account size and pay a fee, there is a code field in that flow and the discount has somewhere to live. If you are simply continuing to trade an account you already own, there is no checkout, and therefore nothing for a code to reduce.
What you can reasonably expect to use it on
The source of the discount's value is that it applies across programmes and account sizes rather than to one product. For an existing account holder, that breadth is the useful part, because the most common reason to return to checkout is to buy something different from what you bought the first time.
A second, additional evaluation. If you already hold one account and want to run a separate programme alongside it — say you started on Lightning and want to try the Dual Step model — that is a fresh purchase at a fresh checkout.
A different account size. The discount applies at every size the firm offers, from around $2,500 up to $600,000, so scaling up after a first cycle is a purchase the code can apply to.
A different programme entirely. Lightning, Dual Step, Nexus and Bolt each carry their own structure and price, and each is bought through the same challenge selection page.
Add-ons bought at the point of purchase, as part of the same order total, subject to how the firm's checkout treats them.
What it does not do for an account you already hold
Being clear about the limits saves disappointment. The discount reduces the challenge fee paid at checkout — targets, drawdown limits and profit splits are unaffected. That means none of the following are available through a code:
A retroactive refund of part of what you paid for an evaluation you bought at full price.
A lower profit target or a wider drawdown allowance on an account in progress. Daily loss limits sit in the 3–4% band and maximum loss limits in the 6–8% band depending on programme, and a promotional code has no bearing on either.
An upgrade of your default 80% profit split to the headline 90%, which generally requires paying for an add-on at purchase rather than applying a code later.
A faster payout cycle. Payouts on the funded stage run on a cycle measured in weeks rather than on demand, and that cycle is a product feature, not a price.
A free retry or reset if you breach a rule. The discount does not cover a retry or reset, unless the firm's terms say otherwise.
One further constraint matters most to returning buyers, because they are the people most likely to be holding more than one offer: a code of this kind normally cannot be combined with another promotion in the same purchase. If you have been sent something else by the firm, you are usually choosing between them rather than stacking them.
If the code turns out to be new-customers-only
Promotional terms, eligibility and values are set by the provider and can change at any time, and eligibility is the field most often narrowed without fanfare. So before you build a plan around the discount, confirm on the official site that it is open to returning buyers rather than assuming it is. The checkout itself is the honest test: enter MADTRADES, apply it, and see whether the 20% reduction appears in the order total. If the field rejects the code, or accepts it without moving the total, that is your answer, and it is a better answer than anything a third-party page can give you.
If it is restricted, you still have options, and none of them require a code.
Buy smaller rather than buying discounted
Entry prices on the smallest accounts start in the region of $39–$59 depending on the programme. A smaller account bought at full price can cost less in absolute terms than a large one bought at 20% off — a 20% reduction means you still pay 80% of the listed fee, and 80% of a large fee is a bigger number than all of a small one. If your reason for returning is to test a different programme's rules rather than to chase size, the small end of the range is the cheaper experiment.
Spend on the thing that actually pays you
For an existing account holder, the profit split is often worth more attention than the entry fee. The default for most traders is 80%, around the sector norm rather than above it, and reaching 90% generally means paying for an add-on at purchase. A discounted challenge plus a paid upgrade may cost more overall than a competitor whose 90% split is standard. Run that comparison on the all-in figure, not on the advertised headline.
Complete a full cycle before scaling
There is no cost advantage to buying a large evaluation before you have been through the firm's full cycle at least once, including a withdrawal. If you have not yet taken money out, the most valuable thing you can buy is not a bigger account — it is the information that comes from finishing the loop on a small one.
Checks that matter more the second time round
A first-time buyer is assessing a firm. A returning buyer is assessing the parts of the firm they have not yet touched, which is usually the payout machinery. ThinkCapital launched in 2024 and runs on the infrastructure of ThinkMarkets, a broker regulated by the FCA in the UK, ASIC in Australia, CySEC in Cyprus and the FSCA in South Africa. That backing is a real answer to the counterparty question, though the regulatory protection attaches to ThinkMarkets' brokerage clients rather than to prop-firm participants, and the accounts are simulated. Before a repeat purchase, work through the following:
The payout terms as written, not as marketed: how a withdrawal is reviewed, what can delay or reduce it, and the minimum withdrawal amount.
The withdrawal methods available to you, since some carry their own fees.
The prohibited-strategy list for the specific programme you are buying. Rules on news trading, hedging across accounts, copy trading and latency arbitrage vary and are enforced at the payout stage rather than at the point of trading.
Whether the programme you are adding shares the rules of the one you already hold. Rules differ between the four programmes, and buying the wrong one is an easy mistake for a returning trader running on assumptions from a previous account.
Recent independent reviews and trader forum threads rather than testimonials on the firm's own site, weighted towards the most recent.
Applying the code on a repeat purchase
Open the official ThinkCapital site and go to the challenge selection page.
Choose the programme you want to add — Lightning, Dual Step, Nexus or Bolt — and read its rules rather than assuming they match your existing account.
Select the account size and any add-ons, including a profit-split upgrade if that is what you are actually buying.
Proceed to checkout and find the promo code or coupon field.
Enter MADTRADES and apply it.
Confirm the 20% reduction appears in the order total before paying. If it does not appear, treat the purchase as a full-price decision and re-check whether the size you selected is still the one you want.
Where this leaves an existing account holder
The discount reduces a fee you were going to pay anyway, so the sensible sequence is to decide what you are buying first and apply the code last. It cannot improve an account you already hold, it cannot rescue a breached one, and it cannot substitute for the profit-split add-on. What it can do is make a second evaluation, a different programme or a larger size cheaper at the point of sale, and the fact that it applies across the whole range rather than a single product is what makes it useful to a returning buyer at all. Trading is available through TradingView and ThinkTrader, so the platform side of a repeat purchase should feel familiar; the rules and the payout mechanics are where the differences hide.
Trading carries a substantial risk of loss and is not suitable for every investor. Evaluation fees are generally non-refundable unless the provider's terms state otherwise. Nothing here is financial advice.
Promotional terms, eligibility and values are set by the provider and can change at any time. Always confirm the current terms on the official site before signing up or completing a purchase.