The Concept Trading vs TradeDay: Elite Prop Firms Comparison
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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.
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 |
Conclusion and Final Recommendation
Choose The Concept Trading if you want a cheaper entry, from AUD 65, news trading allowed and coverage of forex and cryptocurrencies that the other does not offer. Choose TradeDay if you are futures traders avoiding daily loss limits; transparent disclosure valued. Neither firm is better in the abstract. The right choice depends on your strategy, your budget and the instruments you trade, so read both full reviews before you commit. Verify current rules and pricing on each firm’s own site before purchasing.
Frequently asked questions
What should I know about The Concept Trading’s programs?
The Concept Trading offers a level-based prop program. Its 90% Lock option fixes an eligible account at a chosen level instead of continuing to scale. The Concept Trading official rules; The Concept Trading official program information.
What should I know about TradeDay’s programs?
TradeDay offers a Make It Take It futures program with evaluation and Funded Sim stages. The published evaluation requires five trading days and a 30% consistency limit. TradeDay official rules.
How do payouts differ between The Concept Trading and TradeDay?
Its FAQ describes a 50% standard share and 90% at the top level or through the Lock option. The dedicated Lock rules specify weekly payment at 90% after the activation conditions are satisfied. The Concept Trading official rules; The Concept Trading official program information.
Make It Take It lists a $250 minimum request and eligibility from one funded trading day, subject to its rules. Its split is 50/50 below $4,000 net profit, 80/20 above $4,000 and 90/10 in Funded Live. TradeDay official rules.
Which account rules matter when comparing The Concept Trading and TradeDay?
The Lock option is unavailable for Foundation and Intern levels. Once selected, the account cannot scale higher. The site’s general payout and inactivity descriptions differ between pages, so those details require confirmation for the selected model. The Concept Trading official rules; The Concept Trading official program information.
The selected evaluation can use end-of-day or intraday drawdown, while the displayed Funded Sim rules use intraday drawdown. Do not assume those stages have identical loss calculations. TradeDay official rules.
Is The Concept Trading or TradeDay automatically the better choice?
No. The two firms lead on different things: The Concept Trading has the cheaper entry at AUD 65 and market access the other lacks, namely forex and cryptocurrencies, while TradeDay is built for futures traders avoiding daily loss limits; transparent disclosure valued. Which of those matters more depends on how you actually trade, so compare how each firm measures drawdown, the total fee once add-ons and resets are included and whether the instruments you trade are covered, rather than the headline numbers. If you fail an evaluation, do not assume either firm offers a fixed reset discount: check the reset terms for the specific account you bought.
How We Compared The Concept Trading and TradeDay
Both firms on this page carry a JoinProp Rating out of 10. We produce that rating with the same 9-factor methodology we apply to every firm we review: payout reliability (20%), fee structure (15%), drawdown rules (15%), profit split (15%), evaluation terms (10%), trading rules (10%), support access and responsiveness (5%), scaling plan (5%), and track record and transparency (5%).
The inputs come from our firm reviews, not from this page. For each firm we work from the current terms and conditions rather than marketing pages, track rule and pricing changes over time, and read payout and support reports across Trustpilot, Reddit and Discord, looking for recurring patterns rather than isolated complaints. Every firm is re-checked at least every 90 days, or sooner after a material change. Affiliate relationships have no effect on any rating, and ratings are never sold.
The tables above show the evidence behind those factors. A few rows, including trading platforms, available instruments, maximum account size and demo availability, are there to help you judge fit and do not affect either rating.
Read our full ranking methodology
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