Funding Traders vs TradeDay: Elite Prop Firms Comparison
Introduction
Funding Traders and TradeDay have emerged as notable proprietary trading firms offering funded trading accounts to qualified traders. Funding Traders stands out for its straightforward evaluation process and competitive profit splits, currently maintaining a solid 4.3/5 rating on Trustpilot. TradeDay distinguishes itself with innovative scaling plans and flexible trading parameters, holding a 4.1/5 Trustpilot rating. Both firms provide pathways for traders to access substantial capital without risking their own money, though they differ significantly in their approach to trader evaluation and ongoing support.
Quick Comparison
|
| Feature |
Funding Traders |
TradeDay |
|
 |
|
| Founded |
2020 |
2021 |
| Trustpilot Rating |
4.3/5 (380+ reviews) |
4.1/5 (220+ reviews) |
| Minimum Account Size |
$10,000 |
$25,000 |
| Profit Split |
Up to 90% |
Up to 85% |
| Evaluation Phases |
2-phase system |
Single-phase express option |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
Funding Traders |
TradeDay |
| Standard Challenge |
Two-phase evaluation with profit targets of 8% (Phase 1) and 5% (Phase 2) |
Traditional two-phase model with 10% profit target in each phase |
| Express/Accelerated |
Fast-track option with higher fee but single evaluation phase |
Express evaluation with one-time 15% profit target and higher initial fee |
| Scaling Plan |
Account size doubles after every 10% profit milestone |
Progressive scaling starting at 25% profit with 25% increases in account size |
| Professional/Institutional |
$200K-$1M accounts for experienced traders with verified track records |
Custom programs for professional traders with negotiable terms |
| Supported Markets |
Forex, Indices, Commodities, Cryptocurrencies |
Forex, Indices, Commodities, Stocks, Cryptocurrencies |
Assessment Criteria – How can you pass the test?
|
| Criteria |
Funding Traders |
TradeDay |
| Profit Target |
8% (Phase 1), 5% (Phase 2) |
10% each phase or 15% for Express |
| Maximum Daily Loss |
5% of account balance |
4% of account balance |
| Maximum Overall Loss |
10% of initial account balance |
8% of initial account balance |
| Minimum Trading Days |
5 trading days per phase |
10 trading days total across phases |
| Time Limit |
No time limit for completion |
60 days per phase |
| Trading Hours |
24/5 with weekend position holding allowed |
Restricted during high-impact news events |
| Consistency Rules |
No consistency requirements |
Must demonstrate consistent profitability across minimum trading days |
Fees and Pricing – How much will you pay?
|
| Option |
Funding Traders |
TradeDay |
| $10,000 Account |
$99 one-time fee |
Not available |
| $25,000 Account |
$199 one-time fee |
$249 one-time fee |
| $50,000 Account |
$299 one-time fee |
$349 one-time fee |
| $100,000 Account |
$499 one-time fee |
$599 one-time fee |
| $200,000 Account |
$899 one-time fee |
$999 one-time fee |
| Refund Policy |
Full refund if first phase is passed |
50% refund after successful completion of both phases |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Feature |
Funding Traders |
TradeDay |
| Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, MetaTrader 5, cTrader |
| Proprietary Tools |
Basic analytics dashboard |
Advanced trade analytics and risk calculator |
| Mobile Access |
Yes, through MT4/MT5 mobile apps |
Yes, plus proprietary mobile trading app |
| Educational Resources |
Basic video library and weekly webinars |
Comprehensive learning center with courses |
| Community/Support |
Email support and community forum |
24/7 chat support and trader community |
Available Options/Products
|
| Option |
Funding Traders |
TradeDay |
| Account Sizes |
$10K, $25K, $50K, $100K, $200K, $300K, $400K |
$25K, $50K, $100K, $200K, $500K |
| Scaling Opportunities |
Double account size after each 10% profit milestone |
25% increase after each 25% profit milestone |
| Profit Splits |
Starting at 70%, up to 90% for consistent performers |
Starting at 70%, up to 85% based on performance |
| Payout Frequency |
Bi-weekly payouts available |
Monthly payouts with minimum threshold |
| Demo/Simulation Accounts |
Available for practice before evaluation |
Limited free trial period |
Technical Capabilities/Performance
|
| Feature |
Funding Traders |
TradeDay |
| Execution Speed |
Average 120ms |
Fast 80ms standard |
| Allowed Strategies |
All strategies including scalping and news trading |
Most strategies allowed except pure arbitrage |
| EAs and Algorithms |
Allowed with restrictions |
Fully supported with verification process |
| Data Feeds |
Standard broker feeds |
Premium institutional data feeds |
| Server Locations |
NY4, LD4 |
NY4, LD4, TY3 |
| Weekend Trading |
Allowed to hold positions over weekends |
Discouraged with higher margin requirements |
Trader Support and Development
|
| Feature |
Funding Traders |
TradeDay |
| Mentorship |
Limited access to trading coaches |
Comprehensive mentorship program included |
| Webinars/Events |
Weekly market analysis webinars |
Daily live trading sessions and strategy workshops |
| Performance Analytics |
Basic metrics dashboard |
Advanced analytics with AI-driven insights |
| Community Features |
Basic forum and Discord server |
Active trader community with networking events |
| Ongoing Education |
Self-service learning library |
Structured curriculum with certification options |
Conclusion and Final Recommendation
|
| Key Element |
Funding Traders |
TradeDay |
| Strengths |
Lower entry cost, generous profit splits, flexible trading parameters, no time limits for evaluation |
Comprehensive educational resources, advanced trading tools, broader market access, superior technical infrastructure |
| Weaknesses |
Limited educational resources, basic analytics, fewer platform options |
Higher initial costs, stricter evaluation criteria, less flexible payout structure |
| Best For |
Budget-conscious traders, experienced traders who need minimal guidance, those who prefer flexible trading conditions |
Traders seeking comprehensive support, technical traders requiring superior execution, traders wanting extensive educational resources |
| Final Grade |
4.2/5 |
4.1/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes Funding Traders popular among users?
Funding Traders has gained popularity primarily due to its lower entry costs, straightforward evaluation criteria, and generous profit-sharing structure. Traders particularly appreciate the absence of time limits during the evaluation phase, allowing them to trade without the pressure of a ticking clock. The simplified two-phase system with clear profit targets makes it accessible for traders of varying experience levels, while the high profit splits (up to 90%) are among the most competitive in the industry.
How does TradeDay differ from other similar organizations?
TradeDay distinguishes itself through its comprehensive trader development ecosystem. Unlike many competitors that focus solely on capital provision, TradeDay offers advanced educational resources, professional mentorship, and sophisticated analytics tools. Their proprietary trading platform integrates with institutional-grade data feeds, providing execution speeds that appeal to technical and algorithmic traders. Additionally, their unique scaling model that increases account size by 25% increments offers a more measured growth approach compared to the typical “double or nothing” model used by competitors.
Are the evaluation fees refundable with either company?
Both companies offer refund policies, but they differ significantly. Funding Traders provides a complete refund of evaluation fees once a trader successfully passes the first phase of evaluation, making it essentially risk-free if you can demonstrate basic profitability. TradeDay, on the other hand, offers a partial refund of 50% after successful completion of both evaluation phases. Traders should factor these refund policies into their decision-making process when considering which platform might be more cost-effective for their situation.
Can I use automated trading systems with these companies?
Both companies allow automated trading systems, but with different restrictions. Funding Traders permits EAs (Expert Advisors) and algorithmic trading with moderate limitations—they require notification of EA usage and may monitor performance more closely. TradeDay fully supports automated trading but implements a verification process where EAs must be submitted for review before implementation. They also provide better infrastructure for algorithmic trading with their superior execution speeds and institutional data feeds, making them potentially more suitable for systematic traders.
Which company is better for beginners?
For absolute beginners, TradeDay offers more comprehensive support through their structured educational curriculum, daily live trading sessions, and dedicated mentorship program. However, Funding Traders may be more financially accessible for beginners due to lower initial costs ($99 for a $10K account vs. TradeDay’s minimum $249 for a $25K account) and less stringent evaluation criteria. The ideal choice depends on a beginner’s specific needs—those requiring more guidance would benefit from TradeDay’s resources, while those primarily concerned with cost and evaluation difficulty might prefer Funding Traders.
How was this 2 companies Comparison Created?
1. We Collect
Our team gathered comprehensive data directly from Funding Traders and TradeDay official websites, terms of service documents, and publicly available marketing materials. We supplemented this with real user reviews from Trustpilot, trading forums, and social media platforms. Additionally, we consulted with industry experts and current traders using both platforms to gather insights on actual trading experiences that aren’t captured in official documentation.
2. We Examine
Our research team, composed of experienced traders and financial analysts, meticulously verified all collected information. We cross-referenced company claims with user experiences and conducted independent testing where possible. Each feature comparison was subjected to fact-checking against multiple sources to ensure accuracy. We paid particular attention to discrepancies between advertised features and actual user experiences to provide the most realistic representation of both platforms.
3. We Score
Our scoring methodology evaluates each company across seven key dimensions: cost structure, evaluation criteria, trading conditions, technical capabilities, educational resources, scaling opportunities, and customer support. Each dimension is weighted based on importance to different trader profiles. We use a combination of objective metrics (such as execution speed and cost) and subjective assessments (such as usability and quality of educational materials) to develop comprehensive scores that reflect the overall value proposition of each platform.
4. You Choose
Use this comparison as a starting point for your research, identifying which aspects matter most for your trading style and goals. Consider your experience level, available capital, preferred markets, and what kind of support you need. We recommend visiting both companies’ websites, engaging with their communities, and possibly starting with a smaller account size to test the experience before committing to larger funded accounts. Remember that the “best” platform is highly subjective and depends on your individual trading circumstances.
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