TradeDay Prop Firm Review

Updated and verified on 27 September 2026

Program rules, payout splits, live transitions and permitted metals checked against TradeDay’s official help centre on 27 September 2026.

TradeDay offers intuitive trading solutions for investors at all levels. The platform combines powerful analysis tools with user-friendly interfaces, making market navigation seamless. With competitive fees and responsive customer support, TradeDay stands out in the crowded trading marketplace. Their mobile app ensures you never miss opportunities while on the move.

Pricing snapshot

Firm Overview

TradeDay LLC is an Illinois company, based in Chicago. It is not a UK firm, has no UK entity and no Companies House registration - despite a British-sounding association that comes from its staff, not its corporate structure. Anyone describing TradeDay as a UK firm is simply wrong.

What it does have is the cleanest disclosure of any firm we have audited. It states plainly that it is not registered with the SEC, CFTC, NFA or FINRA, and it publishes a live pass rate - 36% for January to June 2026. Not a stale figure from two years ago; a current one.

On 29 May 2026, TradeDay rebuilt its range as “TradeDay 2.0”. What remains is Quick Pay and Fast Pass.

What Actually Changed in TradeDay 2.0

On 29 May 2026 TradeDay restructured its whole range, and the change is widely misdescribed - including in earlier versions of this review. Here is what genuinely happened:

• The Static drawdown product is dead. This is the real casualty. If you were trading a static-floor evaluation, that option no longer exists.
• Quick Pay is a rebrand, not a new product. The old evaluation survives inside it - Intraday and EOD live on as drawdown options you select, rather than as separate products.
• Fast Pass is the only genuinely new thing - no minimum trading days, a looser 45% consistency rule, and sharply reduced contract limits once funded.
• The 95% split went with it.

So the honest summary is: fewer drawdown models, one new fast route, and a worse split ceiling than before. Anyone telling you the entire line was scrapped and rebuilt from nothing is overstating it - but anyone still quoting Static evaluations or a 95% split is describing a product you cannot buy.

The Transparency Worth Crediting

We spend most of this review on traps, so it is only fair to be equally direct about where TradeDay is better than its competitors.

It publishes a current pass rate. 36%, measured January to June 2026. Not a figure from two years ago, not a marketing number - a live one, and a high one by industry standards. Most firms publish nothing; E8’s is over two years stale; Topstep’s is honest but brutal.

It states its regulatory position plainly. TradeDay says outright that it is not registered with the SEC, CFTC, NFA or FINRA. It does not hide behind a broker affiliation, it does not imply protection it lacks, and it does not name four jurisdictions across four pages the way some competitors do.

That disclosure does not remove the need to understand the Quick Pay transition threshold. But it does mean you can trust what you read on their own pages - with the single, glaring exception of the activation fee, where their pricing cards and their knowledge base flatly contradict each other.

The Best Thing About TradeDay: There Is No Daily Drawdown

This is real, and it is rare. TradeDay’s own words: “TradeDay has just one rule - don’t break the Maximum Drawdown Limit!”

There is no daily loss limit at all. Traders can set their own daily risk limits in Tradovate, which can lock trading for the session. You have one number to respect. For a futures trader who has been repeatedly killed by a daily loss limit tripping on an ordinary drawdown, this alone may justify the subscription.

For evaluations and Funded Sim, maximum drawdown is $1,000 / $2,000 / $3,000 / $4,500 for 25K / 50K / 100K / 150K. The trailing floor freezes at the starting balance. Funded Live has separate risk and slippage-buffer rules. That detail matters: some firms lock the floor at your starting balance plus a cushion. TradeDay locks it flat, so once you are back at breakeven there is nothing beneath you.

The 10,000 USD Quick Pay Transition Threshold

Each Quick Pay Funded Sim account is reviewed for a move to Funded Live at $10,000 in gross profit, including previous withdrawals. Stop trading at that threshold: excess profits are removed and cannot be paid out or transferred.

Most traders move to Funded Live following the review; TradeDay may occasionally approve an extension in simulation. This is a transition threshold for each simulated account, not a lifetime limit on earnings. Account access is paused during the end-of-day run for review; an approved live transfer can take up to 10 business days.

Official Quick Pay path to live trading

Profit Splits by Program and Stage

Quick Pay uses current profit in each account, not accumulated lifetime withdrawals. A payout crossing the $4,000 line uses both rates; earlier withdrawals do not permanently unlock 80%. For example, withdrawing $3,000 from $6,000 current profit pays $2,100: 80% of $2,000 plus 50% of $1,000.

The specific Quick Pay live rules distinguish profits above the required buffer, paid at 90%, from a withdrawal of the required-buffer portion, paid at 50%. Profits transferred from simulation are also subject to the Quick Pay split at transition. Fast Pass Live withdrawals use a 90% trader share. The current policies do not offer a 95% split.

Sources: Quick Pay payout policy and Funded Live rules.

What It Actually Costs

TradeDay’s pricing is a monthly recurring subscription, not a one-time fee. The “from 62.50 USD” figure advertised is a 50%-off subscription rate, not a purchase price. On a 100,000 USD account:

Resets cost 60 to 225 USD by size. There is no fee refund: TradeDay states plainly, “we are unable to offer a refund after purchase.”

One unresolved contradiction, which we will not paper over. Every TradeDay pricing card says “No activation fee”. But TradeDay’s live knowledge base says: “a one-off setup fee for Funded Sim accounts of 139 USD… each time an evaluation is passed, the setup fee does need to be paid.” Those cannot both be true. We will not publish either as fact until TradeDay confirms it - and nor should you assume. Ask them in writing before buying, because 139 USD per pass materially changes the maths.

Quick Pay vs Fast Pass

Three things in that table deserve spelling out.

First, the Quick Pay drawdown conversion. TradeDay’s wording: “All Quick Pay Funded Sim accounts will have an intraday drawdown, regardless of the drawdown had on the evaluation.” You can pass on an EOD drawdown - the gentler model, recalculating only after the close - and then be handed a funded account that trails you tick by tick. If you built your style around EOD, it does not survive the transition.

Second, the consistency rule is unusually humane. Breaching it does not fail you - it raises your profit target instead. Far better than the outright breach most firms impose.

Third, Fast Pass shrinks when funded. Starting contracts fall from 2 to 1 on 25K, 5 to 2 on 50K, 10 to 3 on 100K, and 15 to 4 on 150K. Funded Sim scales up one contract per $2,000 profit, calculated at end of day.

Payouts and Trading Rules

Quick Pay Funded Sim: requests start at $250 and can begin after one trading day with positive profit. There is no funded consistency requirement. Intraday drawdown calculations include withdrawn profits; payouts do not reset the trailing floor.

Fast Pass Funded Sim: each payout requires five qualifying profitable days, profit since the last payout and a balance above the original starting balance. Qualifying daily profits are $100 / $150 / $200 / $250 for 25K / 50K / 100K / 150K. Accounts opened on or after 26 July 2026 also require 45% gross-profit consistency. The minimum request is $250, with an 80% trader share.

Fast Pass requests are limited to half the profit balance and a tier cap. The dedicated payout policy lists current caps of $750 / $1,500 / $1,875 / $2,250 for 25K / 50K / 100K / 150K. The overview instead lists $1,850 for 100K; confirm that tier with TradeDay. For accounts opened before 26 July 2026, the 50K / 100K / 150K caps are $2,000 / $2,500 / $3,000, without funded consistency.

Pause trading after a Fast Pass payout request until payment arrives; the next cycle starts with the following session. On the first request, a trailing floor below the starting balance moves up to that balance. The fifth request triggers live transition, possibly earlier at TradeDay discretion.

Official Fast Pass payout policy

• Metals: standard gold (GC), silver (SI), copper (HG) and platinum (PL) remain restricted under the temporary policy introduced on 11 February 2026. Micro Gold (MGC) and Micro Silver (SIL) remain available, with a four-lot limit for the stated 50K, 100K and 150K tiers.
• Losing a Funded Live account triggers a three-month cooling-off period before reapplying.

Official permitted products and metals restrictions

How TradeDay Compares

The honest read: TradeDay’s rule set is genuinely trader-friendly at the front end - no daily drawdown, a forgiving consistency mechanic, an earned rather than purchased split, and honest disclosure. Its weakness is entirely at the back end: a 50/50 starting split, a Quick Pay transition threshold that forfeits unauthorized profits above $10,000, and a subscription that keeps running while you grind. It is a good place to trade and a constrained place to earn.

Who It Suits - and Who Should Avoid It

It suits you if the daily loss limit is the thing that keeps killing you elsewhere. Removing it entirely is a real structural advantage and almost nobody else offers it. The transparency is best-in-class, resets are cheap, and the consistency rule raises your target rather than ending your account.

Avoid it if you plan to earn steadily from a funded sim account. Quick Pay is designed to progress to live funding at its $10,000 gross-profit review threshold, including previous withdrawals. Check your metals contracts: GC, SI, HG and PL are restricted; MGC and SIL have limits. Quick Pay Funded Sim uses intraday trailing, while Fast Pass Funded Sim retains EOD. And budget for the subscription: a monthly fee running while you grind is a very different cost structure from a one-time challenge fee.

Frequently Asked Questions

Does TradeDay have a daily drawdown?

TradeDay does not impose a standard daily loss limit on these evaluations; maximum drawdown still applies. Traders can set daily risk limits in Tradovate, which can lock trading for the session. Funded Live also has separate slippage and risk rules.

What is the 10,000 USD ceiling?

It is the gross-profit review threshold for each Quick Pay Funded Sim account, including prior withdrawals. Stop trading at $10,000: excess profits are forfeited. Most traders then move to Funded Live, while extensions may be approved. It is not a lifetime earnings cap.

Is the 95% profit split still available?

The current policies do not offer a 95% split. Quick Pay Funded Sim uses 50% and 80% payout portions; Fast Pass Funded Sim pays 80%. Live funding has separate rules.

What split do I actually start on?

Quick Pay Funded Sim pays 50% on the withdrawal portion below the $4,000 current-profit level and 80% on the portion above it. Crossing that level uses both rates. Fast Pass Funded Sim pays 80%. Live profits can receive 90%, with separate treatment of Quick Pay buffer portions.

Is TradeDay a one-time fee?

No. It is a monthly recurring subscription - roughly 115 to 160 USD a month on a 100,000 USD account.

Is there an activation fee?

TradeDay’s pricing cards say no; its knowledge base says 139 USD each time you pass an evaluation. The two contradict each other and we will not state either as fact. Confirm with TradeDay before purchasing.

Can I trade gold?

Standard Gold (GC) is restricted under the temporary policy introduced on 11 February 2026. Micro Gold (MGC) and Micro Silver (SIL) remain available, with a four-lot limit for the stated 50K, 100K and 150K tiers. Standard silver, copper and platinum are also restricted.

Is my fee refunded?

No. TradeDay states that it is unable to offer a refund after purchase.

Did TradeDay scrap its whole product line?

Not quite. The Static drawdown product was retired, Quick Pay is a rebrand of the existing evaluation with Intraday and EOD surviving as options inside it, and Fast Pass is the one genuinely new product.