Day Traders – Prop Firm Review
- Swift market maneuvering for profits
- Rapid executions maximize earning potential
- Minimize overnight risks effectively
- Flexible schedule fits your lifestyle
- Learn techniques from expert mentors
Company Overview
Day Traders is an established proprietary trading firm that offers funded account opportunities to traders worldwide. With a focus on both accessibility and professional development, they provide traders with the capital needed to scale their trading careers without risking personal funds. Day Traders stands out for its straightforward challenge structure that tests traders’ skills before providing them with funded accounts.
The firm offers various account sizes ranging from $10,000 to $200,000, catering to traders of different experience levels and financial goals. Their two-phase evaluation process—consisting of a Challenge Phase and a Verification Phase—is designed to identify disciplined traders who can consistently generate profits while managing risk effectively.
What distinguishes Day Traders is their trader-centric approach, including competitive profit splits, rapid payout processing, and comprehensive educational resources. Whether you’re a beginner looking to start your trading career or an experienced trader seeking larger capital, Day Traders provides the platform, tools, and support needed to succeed in today’s markets.
Key Features at a Glance
Challenge Fees
- $99 – $10,000 Account Challenge Fee – One-time payment for the smallest account size evaluation
- $199 – $25,000 Account Challenge Fee – Standard entry-level account with balanced capital and fee structure
- $349 – $50,000 Account Challenge Fee – Mid-tier account offering increased trading capital
- $499 – $100,000 Account Challenge Fee – Professional-level account with substantial trading capital
- $999 – $200,000 Account Challenge Fee – Premium account with maximum available capital for experienced traders
Account Types
- Standard Challenge Account: Designed for traders with some experience, featuring a 10% profit target and standard 5% maximum drawdown limit
- Professional Challenge Account: For experienced traders with more flexible trading rules, allowing for aggressive scaling and higher profit potential
- Funded Account: After passing the evaluation phases, traders receive a fully funded account with real capital and profit-sharing opportunities
- Scaling Account: For successful traders who have consistently performed well, offering increased account size and improved profit splits over time
Profit Split Options
- 80/20 Split: Standard profit-sharing arrangement where traders keep 80% of profits and Day Traders retains 20%
- 90/10 Split: Enhanced profit split for traders who have demonstrated consistent performance over multiple months
- Scaling Program: Opportunity to increase profit split percentage based on consistent performance metrics and account growth
- Milestone Bonuses: Additional profit percentage increases when hitting specific account growth targets
Account Sizes
- $10,000 Account: Entry-level account for beginners or those testing the platform with lower risk
- $25,000 Account: Popular starter account with balanced capital for developing trading strategies
- $50,000 Account: Mid-level account ideal for experienced traders with established methodologies
- $100,000 Account: Professional-level account for consistent, disciplined traders
- $200,000 Account: Premium account offering maximum trading capital for highly experienced traders
Trading Platforms
- MetaTrader 4: Popular platform with extensive charting capabilities and automated trading features
- MetaTrader 5: Advanced multi-asset platform with enhanced technical analysis tools and faster execution
- TradingView: Web-based platform featuring social networking elements and powerful charting tools
- cTrader: Professional platform known for its depth of market visualization and direct market access
- Proprietary Dashboard: Custom platform for account monitoring, performance tracking, and trade management
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads and deep liquidity
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Energy, precious metals, and agricultural commodities with extended trading hours
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other popular altcoins
- Stocks: Selected US and international equities with competitive commission rates
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% of account balance | 5% of account balance |
| Daily Drawdown | 5% of initial balance | 5% of initial balance |
| Maximum Drawdown | 10% of initial balance | 10% of initial balance |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% of account balance | 4% of account balance |
| Daily Drawdown | 6% of initial balance | 6% of initial balance |
| Maximum Drawdown | 12% of initial balance | 12% of initial balance |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $200,000 for standard accounts with potential for scaling to $1,000,000 for exceptional traders
- Scaling: Increased account size by 25% after every 3 consecutive profitable months with proper risk management
- Trading Competitions: Monthly contests for funded traders with cash prizes and account upgrades for top performers
- Free Trial: 7-day demo challenge available to test the platform and experience the rules before committing
- Profit Targets: Range from 5-10% depending on account type and challenge phase, with reasonably achievable targets for disciplined traders
- Drawdown Structure:
- Daily: 5-6% maximum loss allowed in a single trading day from initial account balance
- Maximum: 10-12% overall account drawdown limit from initial balance
- Trailing: No trailing drawdown, only fixed drawdown from initial balance for easier risk management
Trading Rules and Requirements
- No holding positions over major economic news events without proper hedge protection
- Maximum position size limited to 5% of account balance for risk management
- Minimum 10 trading days required in both challenge and verification phases
- No copy trading, EAs, or automated systems without prior approval
- Weekend position holding allowed with proper risk management
- No excessive leverage use beyond platform-specified limits
- No manipulative trading practices or arbitrage strategies
- Required minimum profit days (at least 3 during each evaluation phase)
Company Information
- Established in 2019 with headquarters in London, UK
- Regulated under financial services authority with client fund protection
- Dedicated customer support available 24/5 via live chat, email, and phone
- Network of liquidity providers ensuring competitive pricing and execution
- Educational resources including webinars, video tutorials, and trading guides
- Global trader community with over 10,000 active funded traders
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Wise (formerly TransferWise) (2-3 business days)
Trading Commissions
- Forex: $5 per lot round turn, with competitive raw spreads starting from 0.1 pips
- Indices: $5 per lot with spreads from 0.5 points on major indices
- Commodities: $5 per lot with competitive pricing on gold, silver, and oil
- Cryptocurrencies: 0.2% of trade value with minimal slippage
- Stocks: $0.02 per share with minimum $2.50 commission per trade
IP Rules
- One IP address per trader account to prevent account sharing
- VPN use permitted with prior approval and verification
- Trading from different locations allowed after location verification process
- Multiple accounts from same household require prior approval
- Automatic IP tracking systems to prevent multiple account fraud
Video Review
Day Traders Review
Comprehensive review of Day Traders trading services
Unique Features
Educational Resources
- Daily market analysis and trading ideas from professional analysts
- Weekly webinars covering strategy development and market insights
- One-on-one coaching sessions for funded traders
- Comprehensive video library with trading tutorials and strategy guides
Trading Technology
- Advanced performance analytics dashboard for tracking trading metrics
- Institutional-grade execution with average execution speed of 50ms
- Trade copier service for subscription to professional trader signals
- Real-time risk management alerts and notifications
Trader Support
- Dedicated account managers for funded traders
- Trading psychology sessions and mental preparation resources
- Community support forums and trader networking opportunities
- Regular trader meetups and conferences in major financial centers
Why Choose Day Traders?
Day Traders stands out in the competitive prop firm landscape by offering a balanced approach to trader evaluation and funding. Their focus on sustainable trading practices and realistic targets makes them an excellent choice for serious traders looking to scale their careers with institutional capital.
Key advantages include:
- No time limits on challenges, allowing traders to develop and execute strategies at their own pace
- Higher profit splits (up to 90%) for consistent performers, maximizing earning potential
- Rapid scaling program that can increase account sizes up to $1 million for exceptional traders
- Straightforward trading rules without complex restrictions or hidden requirements
- Fast verification and account funding process, typically completed within 24-48 hours
- Twice-monthly profit withdrawals with reliable processing and minimal paperwork
- Comprehensive educational resources to help traders develop profitable strategies
- Responsive customer support with dedicated account managers for funded traders
Frequently Asked Questions
How long does it take to get funded?
After successfully completing both the Challenge and Verification Phases, traders typically receive their funded accounts within 24-48 hours. The entire process can take as little as 2-3 weeks for skilled traders who meet profit targets quickly, though there’s no time limit for completing the challenges.
Can I hold positions over the weekend?
Yes, Day Traders allows weekend position holding for most instruments. However, traders should be aware of potential weekend gaps and adjust their risk management accordingly. It’s recommended to reduce position sizes before weekends, especially when major news events are expected.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor violations typically result in warnings, while serious infractions like exceeding maximum drawdown limits will result in account termination. Day Traders provides clear guidelines and notifications to help traders avoid rule violations.
Can I trade news events?
Trading during major economic news releases is permitted, but Day Traders recommends caution due to potential volatility and slippage. Traders should reduce position sizes during high-impact news events and ensure they have appropriate stop-loss orders in place to manage risk effectively.
How often can I withdraw profits?
Funded traders can withdraw profits twice per month, on the 15th and last day of each month. The minimum withdrawal amount is $100, and there are no maximum limits. Processing times vary by payment method but typically range from 1-5 business days depending on the chosen payout option.
