The Trading Pit vs TradeDay – Elite Prop Firms Comparison

Table of Contents

Introduction

The Trading Pit and TradeDay represent two leading prop trading firms offering funded trading accounts to aspiring traders. The Trading Pit stands out for its transparent evaluation process and competitive profit splits, earning a strong 4.7/5 rating on Trustpilot. TradeDay differentiates itself with its innovative “grow as you go” approach and trader-friendly conditions, maintaining a solid 4.4/5 Trustpilot rating. Both firms provide pathways to trade with substantial capital without personal risk, but their program structures, evaluation methods, and fee models differ significantly.

Quick Comparison
Feature	The Trading Pit	TradeDay

Founded	2022	2020
Trustpilot Rating	4.7/5 (950+ reviews)	4.4/5 (800+ reviews)
Account Sizes	$10K to $200K	$5K to $100K
Profit Split	Up to 90%	Up to 80%
Payout Frequency	Monthly	Bi-weekly
Review	Read full review	Read full review

Program Types – Which experience fits your goals?
Program	The Trading Pit	TradeDay
Evaluation Model	One-phase evaluation system	Two-phase evaluation system
Account Types	HFT, Sprint, Marathon	Express, Standard, Professional
Scaling Options	Up to $1,000,000 account size	Step-by-step scaling from initial account
Trader Education	Basic learning resources	Comprehensive trading academy
Time Flexibility	No time limits on evaluation	60-day evaluation period

Assessment Criteria – How can you pass the test?
Criteria	The Trading Pit	TradeDay
Profit Target	8% for most accounts	10% Phase 1, 5% Phase 2
Maximum Drawdown	5% daily, 10% overall	5% daily, 8% overall
Minimum Trading Days	5 days	10 days in each phase
Trading Style Restrictions	News trading allowed	No news trading
Position Holding	Overnight and weekend holding allowed	Limited overnight positions, no weekend holding
Consistency Rules	No specific consistency metrics	Requires consistent profit days
Time to Funded	Immediately after passing evaluation	After passing both phases

Fees and Pricing – How much will you pay?
Option	The Trading Pit	TradeDay
$10K Account	$99 one-time fee	$89 one-time fee
$25K Account	$199 one-time fee	$169 one-time fee
$50K Account	$299 one-time fee	$249 one-time fee
$100K Account	$499 one-time fee	$449 one-time fee
Refund Policy	Refundable if evaluation passed	Non-refundable
Monthly Fees	None	$39.99 platform fee
Coupons	Coupon Code	Coupon Code
Review	Read full review	Read full review

Platforms/Tools – What can you use?
Feature	The Trading Pit	TradeDay
Trading Platforms	MT4, MT5, cTrader	MT4, MT5
Mobile Trading	Yes, all platforms	Yes, limited functionality
Proprietary Tools	TradingView integration, advanced dashboard	Performance analytics, risk calculator
Trader Dashboard	Comprehensive metrics and analytics	Basic statistics and account overview
API Access	Yes, for algorithmic trading	Limited
Demo Account	Yes, free to try	14-day trial only

Available Options/Products
Option	The Trading Pit	TradeDay
Tradable Assets	Forex, Indices, Commodities, Crypto	Forex, Indices, Commodities, Stocks
Account Currencies	USD, EUR, GBP	USD only
Express Evaluation	HFT Program – 2-day evaluation	Express Program – accelerated process
Team/Prop Accounts	Available for multiple traders	Individual accounts only
Reset Options	Free reset after 60 days	Paid reset available anytime
Free Retries	One free retry	No free retries

Technical Capabilities/Performance
Feature	The Trading Pit	TradeDay
Execution Speed	Sub-10ms	15-20ms
Spreads	Ultra-tight, institutional-grade	Competitive, slightly wider
Leverage	Up to 1:100	Up to 1:30
Server Locations	NY4, LD4, TY3	NY4 only
News Trading	Allowed with certain restrictions	Not allowed during major releases
Trading Hours	24/5 plus extended hours	Standard market hours only

Support and Community
Feature	The Trading Pit	TradeDay
Customer Support	24/7 via chat, email, phone	Business hours via email, chat
Response Time	Usually within 2 hours	24-48 hours
Community Features	Discord server, webinars, trader meetups	Basic forum, occasional webinars
Educational Resources	Limited educational content	Extensive learning library
Trader Coaching	Available at additional cost	Included with higher-tier accounts
Language Support	English, Spanish, German, French	English only

Conclusion and Final Recommendation
Key Element	The Trading Pit	TradeDay
Strengths	One-phase evaluation, refundable fee, high profit splits, excellent execution, flexible trading conditions	Lower entry costs, comprehensive education, better for beginners, more trading instruments, bi-weekly payouts
Weaknesses	Higher initial cost, limited educational resources, fewer instruments	Two-phase evaluation, monthly platform fee, stricter trading rules, slower execution
Best For	Experienced traders who value execution speed and flexible trading conditions	Beginning to intermediate traders who benefit from structured learning and gradual progress
Final Grade	4.7/5	4.4/5
Discount Codes	Coupon Code	Coupon Code
Review	Read full review	Read full review

FAQ

What makes The Trading Pit popular among users?

The Trading Pit has gained popularity primarily for its one-phase evaluation model, which simplifies the path to a funded account compared to competitors’ multi-phase systems. Traders appreciate the high profit splits (up to 90%), institutional-grade execution with ultra-low latency, and the refundable evaluation fee structure. The flexibility to hold positions overnight and over weekends, plus the allowance for news trading, makes it particularly appealing to experienced traders with established strategies.

How does TradeDay differ from other similar organizations?

TradeDay distinguishes itself with its comprehensive educational resources and structured learning path, making it especially suitable for newer traders. Its “grow as you go” scaling model allows traders to build their account size progressively as they demonstrate consistency. TradeDay also offers bi-weekly payouts (rather than the industry-standard monthly payments) and provides access to a wider range of trading instruments including stocks, which many prop firms don’t offer. Their performance metrics focus on consistency rather than just profit targets.

Which firm offers better value for money?

While The Trading Pit has slightly higher initial evaluation fees, these are refundable upon passing the evaluation, effectively making the program potentially free for successful traders. TradeDay offers lower initial costs but charges a monthly platform fee and has non-refundable evaluation costs. For traders confident in their abilities to pass quickly, The Trading Pit may offer better value. For those seeking a more gradual approach with educational support, TradeDay’s lower entry point might be more economical despite the recurring fees.

Can I trade with both firms simultaneously?

Yes, there are no restrictions preventing traders from having accounts with both The Trading Pit and TradeDay simultaneously. In fact, many professional traders diversify their prop firm relationships to access different account sizes, trading conditions, and payout schedules. This approach can help optimize income opportunities and reduce risk if one firm changes its policies or experiences issues. However, managing multiple evaluation processes and different rule sets simultaneously requires careful attention to detail.

What happens if I fail an evaluation with either firm?

With The Trading Pit, traders receive one free retry if they fail their evaluation, and after 60 days, they can request a free reset of their account. Failed evaluations beyond this require purchasing a new evaluation. TradeDay doesn’t offer free retries, but they provide a paid reset option that’s available anytime at a lower cost than buying a new evaluation. Both firms offer detailed performance analytics to help traders understand where they went wrong, though TradeDay provides more comprehensive educational feedback to help traders improve.

How was this 2 companies Comparison Created?

1. We Collect

Our team gathered comprehensive data directly from The Trading Pit and TradeDay’s official websites, terms of service documents, and public announcements. We supplemented this with information from verified Trustpilot and other third-party reviews, testimonials from actual traders using these platforms, and insights from industry experts. We specifically focused on current pricing structures, evaluation models, trading conditions, and support services to ensure accuracy.

2. We Examine

Every piece of information was independently verified by our team of professional traders and financial analysts with hands-on experience using both platforms. We tested account creation processes, evaluated platform performance, measured execution speeds, and assessed the responsiveness of customer support teams. Where discrepancies emerged between official claims and user experiences, we conducted follow-up investigations to determine the most accurate representation.

3. We Score

Our comparative scoring system evaluates each firm across ten critical categories: evaluation structure, passing criteria, trading conditions, platform performance, cost efficiency, scaling opportunities, profit split terms, payout reliability, customer support, and educational resources. Each category is weighted based on importance to traders at different experience levels, with technical performance and cost considerations receiving particular emphasis. Scores are normalized on a 5-point scale for easy comparison.

4. You Choose

Use this comparison as a starting point for your research, but consider your specific trading style, experience level, and financial goals. The Trading Pit generally suits experienced traders prioritizing execution quality and flexible conditions, while TradeDay often appeals to developing traders who value educational support and structured progression. We recommend examining the specific program types that align with your trading approach and calculating the total cost (including both upfront and recurring fees) before making your final decision.