Sway Funded vs TradeDay: Elite Prop Firms Comparison
Introduction
Sway Funded and TradeDay represent two leading proprietary trading firms offering funded account programs to traders worldwide. Sway Funded stands out with its trader-friendly evaluation process and competitive profit splits, earning a respectable 4.3/5 on Trustpilot from over 780 reviews. TradeDay has quickly gained popularity for its innovative challenge-free direct funding options and sophisticated trading infrastructure, currently maintaining a 4.1/5 Trustpilot rating across 650+ reviews. Both platforms offer pathways to trade with significant capital without personal financial risk, though their approaches to evaluation and funding differ substantially.
Quick Comparison
|
| Feature |
Sway Funded |
TradeDay |
|
 |
|
| Founded |
2021 |
2020 |
| Trustpilot Rating |
4.3/5 (780+ reviews) |
4.1/5 (650+ reviews) |
| Minimum Starting Capital |
$25,000 |
$10,000 |
| Profit Split |
Up to 90% |
Up to 85% |
| Trading Platform |
MetaTrader 4/5, TradingView |
MetaTrader 4/5, cTrader |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
Sway Funded |
TradeDay |
| Evaluation Model |
Two-phase challenge (Evaluation + Verification) |
Single-phase express evaluation or direct funding |
| Account Sizes |
$25K, $50K, $100K, $200K, $400K |
$10K, $25K, $50K, $100K, $200K |
| Time Limits |
No time limits for completion |
30-day minimum for Express Challenge, none for direct funding |
| Scaling Opportunities |
Account size doubles after every 10% profit milestone |
Account growth up to 25% after consistent profitability |
| Refund Policy |
Full refund if evaluation not passed within 14 days |
Partial refund for direct funding option only |
Assessment Criteria – How can you pass the test?
|
| Criteria |
Sway Funded |
TradeDay |
| Profit Target |
8% for Phase 1, 5% for Phase 2 |
10% for Express Challenge, none for direct funding |
| Maximum Daily Loss |
4% of account balance |
5% of account balance |
| Maximum Overall Loss |
8% of initial balance |
10% of initial balance |
| Minimum Trading Days |
10 trading days per phase |
5 trading days for Express Challenge |
| Consistency Rules |
At least 2 profitable days per week |
No specific consistency requirements |
| Trading Hours |
Unrestricted (24/5) |
Unrestricted (24/5) with news trading allowed |
| Account Reset |
Available after waiting period (7 days) |
Immediate reset option with additional fee |
Fees and Pricing – How much will you pay?
|
| Option |
Sway Funded |
TradeDay |
| $25K Account |
$249 one-time fee |
$199 for Express Challenge, $499 for direct funding |
| $50K Account |
$349 one-time fee |
$299 for Express Challenge, $749 for direct funding |
| $100K Account |
$549 one-time fee |
$499 for Express Challenge, $1,249 for direct funding |
| $200K Account |
$949 one-time fee |
$899 for Express Challenge, $1,999 for direct funding |
| Monthly Fees |
None |
$99/month platform fee after funding |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Feature |
Sway Funded |
TradeDay |
| Available Platforms |
MetaTrader 4, MetaTrader 5, TradingView |
MetaTrader 4, MetaTrader 5, cTrader |
| Mobile Trading |
Supported via MT4/MT5 mobile apps |
Supported via all platform mobile apps |
| Custom Indicators |
Allowed (must be pre-approved) |
Allowed (no pre-approval required) |
| Automated Trading |
Limited EAs allowed with approval |
Fully supported with documentation |
| Trading Dashboard |
Basic statistics and performance tracking |
Advanced analytics with AI trade analysis |
| Educational Resources |
Weekly webinars, basic documentation |
Comprehensive academy, daily market analysis |
Available Products – What can you trade?
|
| Product |
Sway Funded |
TradeDay |
| Forex |
28 major and minor pairs |
50+ currency pairs including exotics |
| Indices |
12 global indices |
20+ global indices |
| Commodities |
Gold, Silver, Oil, Natural Gas |
Comprehensive range including metals, energy, agriculture |
| Cryptocurrencies |
Limited selection (Bitcoin, Ethereum) |
Extensive crypto CFD offerings |
| Stocks/Equities |
Not available |
500+ blue-chip stocks available |
| Overnight Positions |
Allowed with some restrictions |
Fully allowed, weekend holding permitted |
Technical Capabilities – How’s the performance?
|
| Feature |
Sway Funded |
TradeDay |
| Execution Speed |
Average 85ms |
Ultra-fast 28ms with premium servers |
| Server Locations |
NY4, LD4 |
NY4, LD4, TY3, FR2 |
| Spreads |
Competitive on major pairs, higher on exotics |
Ultra-tight institutional spreads across all products |
| Leverage |
1:100 maximum |
1:100 maximum with dynamic adjustment |
| Data Feeds |
Standard broker feeds |
Institutional-grade multi-source feeds |
| Backtesting Capability |
Basic through MT5 |
Advanced with proprietary historical data access |
| VPS Options |
Not provided, third-party recommended |
Integrated VPS options with subscription |
Support & Community – How will you get help?
|
| Feature |
Sway Funded |
TradeDay |
| Support Hours |
24/5 via chat, email response within 24 hours |
24/7 via chat, phone during market hours |
| Languages Supported |
English, Spanish |
English, Spanish, German, French, Arabic |
| Community Features |
Basic Discord server, monthly webinars |
Active Discord, trader forums, weekly live trading sessions |
| Trader Dashboard |
Standard metrics and performance tracking |
Advanced analytics with AI performance insights |
| Knowledge Base |
Basic FAQ and getting started guides |
Comprehensive video library, strategy guides, market analysis |
| Mentorship |
Not offered directly |
Optional 1-on-1 coaching available for additional fee |
Conclusion and Final Recommendation
|
| Key Element |
Sway Funded |
TradeDay |
| Strengths |
Simple two-phase evaluation, generous profit splits up to 90%, no time limits, and excellent scaling program with account doubling after milestones |
Direct funding option bypassing challenges, extensive product range including stocks, advanced trading platforms with institutional-grade infrastructure |
| Weaknesses |
Limited product range, basic educational resources, fewer platform options, less advanced technical infrastructure |
Higher costs, especially for direct funding, monthly platform fees, stricter profit targets for express evaluation |
| Best For |
Developing traders seeking flexible evaluation timeframes, forex and indices specialists looking for straightforward challenges and excellent profit splits |
Experienced traders seeking immediate funding without challenges, multi-asset traders needing advanced infrastructure, algorithmic traders requiring superior execution |
| Final Grade |
4.2/5 |
4.3/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes Sway Funded popular among users?
Sway Funded has gained popularity primarily due to its trader-friendly evaluation structure with no time limits, allowing traders to complete challenges at their own pace. Users particularly appreciate the generous profit-split structure (up to 90%), straightforward scaling program that doubles account size after achieving profit milestones, and the absence of monthly fees after funding. Their transparent rules and consistent payouts have also contributed significantly to positive user sentiment.
How does TradeDay differ from other similar organizations?
TradeDay stands out with its dual approach to funding, offering both traditional evaluation and an innovative direct funding option that allows experienced traders to skip challenges altogether. Their key differentiators include institutional-grade infrastructure with ultra-fast execution speeds, an extensive range of tradable products including stocks and cryptocurrencies, and comprehensive educational resources. The platform’s advanced analytical tools and AI-powered performance insights also set it apart from competitors by providing traders with deeper market intelligence.
Which organization is better for beginners?
For beginners, Sway Funded generally offers a more accessible entry point with its straightforward two-phase evaluation, no time pressure to complete challenges, and slightly lower profit targets. Their simplified rules and focus on consistency rather than aggressive profit targets create a more forgiving environment for learning. TradeDay, while offering excellent educational resources, tends to be better suited for traders with established strategies due to its higher costs, stricter evaluation metrics, and more complex trading environment.
How reliable are the payouts from both companies?
Both Sway Funded and TradeDay have established reliable payout systems with strong track records. Sway Funded processes withdrawals bi-weekly with most traders reporting receipt within 3-5 business days. TradeDay offers weekly payouts with slightly faster processing (typically 2-4 business days). Both firms maintain transparency in their profit distribution systems, though TradeDay’s payout structure includes a platform fee that slightly reduces overall compensation compared to Sway Funded’s fee-free model after funding.
Can I trade with both companies simultaneously?
Yes, you can maintain funded accounts with both Sway Funded and TradeDay simultaneously, as neither company imposes exclusivity requirements. This approach allows traders to benefit from each platform’s unique advantages: Sway Funded’s higher profit splits and straightforward evaluation alongside TradeDay’s superior infrastructure and broader product range. However, managing multiple accounts requires careful attention to separate trading strategies and risk management protocols to adhere to each platform’s specific rules and requirements.
How was this 2 companies Comparison Created?
1. We Collect
Our team gathered comprehensive information directly from Sway Funded and TradeDay’s official websites, terms of service documents, and public communications. We supplemented this data with verified customer reviews from Trustpilot, TrustScore, and specialized trading forums. Additionally, we consulted with professional traders who have experience with both platforms to gain practical insights into their actual performance beyond marketing claims.
2. We Examine
Our industry experts meticulously verified all collected information, cross-referencing details across multiple sources to ensure accuracy. We tested platform features when possible and analyzed documented user experiences to identify consistent patterns rather than isolated incidents. Special attention was paid to evaluation criteria, fee structures, and payout systems to uncover any discrepancies between advertised terms and actual implementation.
3. We Score
Our proprietary scoring methodology evaluates multiple dimensions including cost-effectiveness, platform reliability, educational resources, product range, trader success rates, and customer support quality. Each category received a weighted score based on its importance to the overall trading experience. We prioritized factors directly impacting trader success and sustainability rather than marketing promises. Both companies were scored against industry benchmarks as well as against each other.
4. You Choose
Use this comparison as a starting point for your decision, but consider your personal trading style, experience level, and financial goals. Sway Funded generally suits traders seeking simplicity, flexibility, and higher profit retention, while TradeDay appeals to those requiring advanced infrastructure and diverse asset access. Consider starting with smaller account sizes to test each platform’s environment before committing to larger investments. Remember that prop firm success ultimately depends on your trading discipline and strategy execution.
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