The Concept Trading vs TradeDay: Elite Prop Firms Comparison

Published: April 21, 2025 · Last updated: July 24, 2026

Table of Contents

Introduction

The Concept Trading and TradeDay are leading proprietary trading firms offering funded trader programs for aspiring financial market participants. The Concept Trading stands out as an ASIC-regulated firm (via Vested Equities) with five evaluation programs (Foundation, Traditional, Premier, Empire, Xtreme) scaling up to $50 million in funded capital, earning a solid 4.6/5 on Trustpilot from 443 verified reviews (April 2026). TradeDay is a futures-only specialist (Chicago, founded 2020) with a single-step evaluation across Intraday, EOD, and Static drawdown variants, maintaining a strong 4.6/5 Trustpilot rating from 1,354+ reviews (April 2026). Both organizations provide pathways to trade with significant capital without risking personal funds, though they differ in their approach to evaluations, fee structures, and trader support systems.

🕑 Last updated: Jul 24, 2026⚖ How we rank firms ↗

The Concept Trading ▲ Higher rated

Grade 9.1/10 · 50% all levels except top (90%) split

Visit The Concept Trading →🎟 The Concept Trading discount code

TradeDay

Grade 8.9/10 · 50/50 below $4,000; 80/20 above $4,000; 90/10 at Funded Live split

Visit TradeDay →🎟 TradeDay discount code

TL;DR: The Concept Trading (grade 9.1) offers a 50% all levels except top (90%) profit split; TradeDay (grade 8.9) offers 50/50 below $4,000; 80/20 above $4,000; 90/10 at Funded Live. Full side-by-side below. Best for: The Concept Trading - Long-term scalers seeking trading freedom, not monthly income seekers. TradeDay - Futures traders avoiding daily loss limits; transparent disclosure valued. Our higher-rated pick: The Concept Trading (9.1 vs 8.9).

Quick Facts

Feature	The Concept Trading	TradeDay

Founded	2021	—
Profit Split	50% all levels except top (90%)	50/50 below $4,000; 80/20 above $4,000; 90/10 at Funded Live
Maximum Account Size	$5,000,000	—
Evaluation Phases	—	1
Trustpilot Rating	4.7	4.6
Expert Grade	9.1	8.9

Program Types

Program	The Concept Trading	TradeDay
Entry Level Program	AUD 65	Yes
Advanced Program	AUD 19997	Yes
Scaling Options	Yes	Yes
Demo Account	Yes	Yes

Rules & Assessment

Criteria	The Concept Trading	TradeDay
Profit Target	6-10%	$10,000 gross ceiling (Quick Pay)
Maximum Drawdown	3-10% static	$2,000/$3,000/$4,500 by account size; trailing, freezing at starting balance
Minimum Trading Days	—	5
News Trading	Yes	No

Fees & Pricing

Option	The Concept Trading	TradeDay
CFD $5K Account	AUD 65 / Foundation / One-time	Not offered
CFD $10K Account	AUD 110 / Foundation / One-time	Not offered
CFD $25K Account	AUD 260 / Foundation / One-time	Not offered
Futures $50K Account	Not offered	USD 125 / Quick Pay Intraday / Monthly
Futures $100K Account	Not offered	USD 230 / Quick Pay Intraday / Monthly
Futures $150K Account	Not offered	USD 350 / Quick Pay Intraday / Monthly
Coupons / Discount	The Concept Trading discount	TradeDay discount

Platforms & Markets

Feature	The Concept Trading	TradeDay
Trading Platforms	MetaTrader 5, TradeLocker	—
Forex	Yes	No
Stocks	—	No
Indices	—	—
Commodities	—	No
Cryptocurrencies	Yes	No
Bonds	—	—
EA/Algo Trading	Yes	—

Payout

Feature	The Concept Trading	TradeDay
Payout Terms	Once per calendar month (Bank transfer, Crypto, Revolut, PayPal)	Minimum $250
See all prop firm payouts →

Verdict

Key Element	The Concept Trading	TradeDay
Strengths	Static drawdown, no daily drawdown, permissive rules, EAs/HFT allowed, low entry fees	No daily drawdown, earned split, transparent pass rates (36%), trader-friendly consistency rule, Day One payouts
Weaknesses	Misleading 90% marketing, one payout/month only, 30-day invoice deadline, capped profits, new discretionary clause	$10,000 profit ceiling confiscates excess, 50/50 starting split, metals banned, Quick Pay converts to intraday when funded, monthly subscription model
Best For	Long-term scalers seeking trading freedom, not monthly income seekers	Futures traders avoiding daily loss limits; transparent disclosure valued

Visit The Concept Trading →Read full The Concept Trading review

Visit TradeDay →Read full TradeDay review

FAQ

What makes The Concept Trading popular among users?

The Concept Trading’s popularity stems from its ASIC-regulated structure (via Vested Equities under AFSL 478987), its single-step evaluation across most programs (Traditional, Premier, Empire, Xtreme), and its single-rule simplicity: do not breach the static drawdown limit. Traders appreciate having no daily drawdown limit, no restrictions on trading style (scalping, hedging, news, and EAs are all permitted), one-time evaluation fees with no monthly costs, and the 90% Lock Rule that lets you secure 90% of future profits from any chosen account level. Founded 2021 in Australia, TCT scales accounts up to $50 million via its Xtreme program.

How does TradeDay differ from other similar organizations?

TradeDay distinguishes itself as a futures-only specialist focused on disciplined day traders. Founded in 2020 in Chicago by James Thorpe and Steve Miley, it offers a single-step evaluation across three drawdown variants (Intraday, EOD, Static) on three account sizes ($50K, $100K, $150K) priced as a monthly subscription. Its futures platforms – Tradovate, NinjaTrader 8, TradingView, and Jigsaw – replace MetaTrader for serious futures execution. Standout features include 80% Day One profit splits (up to 95%), Day One Payouts with no consistency requirement, up to 6 simultaneous accounts, and the Trader Development Program for 1-on-1 coaching. TradeDay is Day Trade only – no overnight or weekend position holding.

Which evaluation process is easier to pass – The Concept Trading or TradeDay?

Both firms use single-step evaluations, but with very different rule structures. The Concept Trading enforces one rule only: do not breach the static drawdown limit (4% on Traditional, 5% Premier, 10% Empire, 3% Xtreme) with no daily loss cap and no minimum trading days on Traditional/Premier/Empire/Xtreme. Profit targets are 6% Traditional, 7% Premier, 10% Empire, 6% Xtreme. TradeDay also runs a single-step evaluation with a 6% profit target across all plans (Intraday / EOD / Static) and a minimum 5 trading days, with a trailing drawdown of $2K / $3K / $4K on $50K / $100K / $150K accounts and no fixed daily-loss limit. TCT also offers Instant Funded paths on Traditional, Premier, and Xtreme that skip the evaluation entirely.

Do these companies actually pay out profits to successful traders?

Yes, both firms pay out funded traders. The Concept Trading offers weekly payouts at the top level of any program or under the 90% Lock Rule; otherwise traders receive their profit share each time they hit the scaling target, plus one additional monthly withdrawal allowed (per TCT FAQ). Payment methods include Bank Transfer, Crypto, Revolut, and PayPal. TradeDay advertises Day One Payouts – withdrawals available from day one of funded trading with no consistency requirement. Trustpilot ratings (verified April 2026): The Concept Trading 4.6/5 from 443 reviews; TradeDay 4.6/5 from 1,354+ reviews.

Are there any hidden fees I should be aware of when joining either company?

The two firms use fundamentally different pricing models. The Concept Trading charges a one-time evaluation fee per program (Foundation from $65; Traditional from $97; Premier from $297; Empire from $997; Xtreme from $300) with no monthly fees. TradeDay uses a monthly subscription model for the evaluation plan itself – for example, the $50K Intraday plan is $87/mo with the SAVE30 code or $125/mo at full price; this monthly cost is the evaluation fee structure rather than a separate post-funding platform fee. A reset costs $99 mid-cycle or is free at the next monthly renewal. Neither firm publishes inactivity-fee policies on its public marketing pages; consult the live terms at signup.

How was this 2 companies Comparison Created?

1. We Collect

Our research team gathered comprehensive data directly from The Concept Trading and TradeDay official websites, legal documents, and terms of service. We supplemented this with verified user reviews from Trustpilot, TrustPeer, and specialized trading forums. Additionally, we conducted interviews with current and former funded traders from both organizations to gain firsthand insights into the actual user experience beyond marketing claims. We monitored both companies’ social media presence and community discussions to identify recurring themes and common experiences.

2. We Examine

All collected information underwent rigorous verification by our team of professional traders and financial industry experts. We cross-referenced company claims with actual user experiences and independently tested aspects of both platforms when possible. Our analysts examined the fine print of all agreements, focusing particularly on profit calculation methods, withdrawal policies, and rule enforcement patterns. We applied consistent evaluation criteria across both organizations to ensure fair and balanced comparison points.

3. We Score

Our scoring methodology employs a weighted system that prioritizes the factors most important to traders: transparency of rules (25%), value proposition including fees and profit splits (25%), platform reliability and execution quality (20%), educational resources and community support (15%), and customer service responsiveness (15%). Each category contains multiple sub-metrics scored on a 1-5 scale. The final scores represent the aggregate performance across all categories, with particular emphasis on verified user outcomes rather than company promises.

4. You Choose

This comparison serves as a starting point for your research, not as a definitive answer for every trader. Consider your specific trading style, experience level, and financial goals when making your decision. The Concept Trading may be better suited if you value simplicity, lower ongoing costs, and more lenient evaluation metrics. TradeDay might be preferable if you prioritize advanced tools, educational resources, and faster scaling opportunities. We recommend visiting both companies’ websites, testing their demo environments if available, and reaching out to their support teams with specific questions relevant to your situation before making a commitment.