The Concept Trading vs TradeDay: Elite Prop Firms Comparison
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 with its straightforward evaluation process and flexible trading conditions, earning a solid 4.3/5 on Trustpilot from verified users. TradeDay has quickly gained recognition for its innovative scaling plan and comprehensive educational resources, maintaining a respectable 4.1/5 Trustpilot rating. 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 Comparison
|
| Feature |
The Concept Trading |
TradeDay |
|
 |
|
| Founded |
2020 |
2019 |
| Trustpilot Rating |
4.3/5 (320+ reviews) |
4.1/5 (280+ reviews) |
| Minimum Account Size |
$25,000 |
$10,000 |
| Profit Split |
Up to 90% |
Up to 85% |
| Evaluation Phases |
2 phases |
1-step express option available |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
The Concept Trading |
TradeDay |
| Standard Evaluation |
Two-phase challenge: Phase 1 (8% profit target), Phase 2 (5% profit target) |
Traditional two-step evaluation with challenge and verification phases |
| Express Evaluation |
Not available |
One-step express evaluation with higher fee but faster funding |
| Account Sizes |
$25K, $50K, $100K, $200K |
$10K, $25K, $50K, $100K, $200K |
| Scaling Opportunities |
Account growth up to $400K based on performance |
Rapid scaling plan with potential to reach $1M+ accounts |
| Demo/Practice Options |
14-day free demo available |
7-day simulation period included with all accounts |
Assessment Criteria – How can you pass the test?
|
| Criteria |
The Concept Trading |
TradeDay |
| Profit Targets |
Phase 1: 8%, Phase 2: 5% |
Challenge: 10%, Verification: 5% |
| Time Limits |
No time limits for phases |
30-day minimum trading period |
| Daily Drawdown |
5% from account balance |
4% from initial balance |
| Maximum Drawdown |
10% from initial balance |
8% from initial balance |
| Minimum Trading Days |
10 trading days per phase |
12 trading days per phase |
| Consistency Rules |
No specific consistency metrics |
Must show consistent profitability across trading days |
| News Trading |
Allowed with caution |
Restricted during major economic events |
Fees and Pricing – How much will you pay?
|
| Option |
The Concept Trading |
TradeDay |
| $25K Account |
$199 one-time fee |
$249 one-time fee |
| $50K Account |
$299 one-time fee |
$349 one-time fee |
| $100K Account |
$499 one-time fee |
$549 one-time fee |
| $200K Account |
$899 one-time fee |
$949 one-time fee |
| Express Option |
Not available |
Additional $150-300 depending on account size |
| Monthly Fees |
None after funding |
$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 |
The Concept Trading |
TradeDay |
| Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, MetaTrader 5, cTrader |
| Proprietary Tools |
Basic dashboard with account metrics |
Advanced trading dashboard with real-time analytics |
| Mobile Trading |
Available through MT4/MT5 mobile apps |
Dedicated mobile dashboard + MT4/MT5/cTrader apps |
| Performance Analytics |
Basic trade statistics |
Comprehensive performance analysis with AI insights |
| Educational Resources |
Trading guides and weekly webinars |
Full trading academy with courses and live coaching |
| API Trading |
Limited support |
Full API access for algorithmic trading |
Available Options/Products
|
| Feature |
The Concept Trading |
TradeDay |
| Available Markets |
Forex, Indices, Commodities, Cryptocurrencies |
Forex, Indices, Commodities, Cryptocurrencies, Stocks, Bonds |
| Leverage Options |
Up to 1:100 |
Up to 1:30 (regulated) / 1:100 (offshore) |
| Trading Hours |
Standard market hours + limited extended hours |
24/5 + extended pre/post market hours for select instruments |
| Account Types |
Standard funded accounts only |
Standard, Swing, Scalping-focused account options |
| Community Features |
Basic community forum |
Active Discord community with trader networking |
| Special Programs |
Referral program (10% commission) |
Referral program (15% commission) + trader development program |
Technical Capabilities/Performance
|
| Feature |
The Concept Trading |
TradeDay |
| Execution Speed |
Average: 120-200ms |
Fast: 50-100ms with premium servers |
| Server Locations |
UK, US East |
UK, US East, US West, Singapore, Frankfurt |
| Spreads |
Average market spreads |
Competitive raw spreads with ECN connectivity |
| Platform Stability |
Good uptime (99.5%) |
Excellent uptime (99.9%) |
| Data Feeds |
Standard market data |
Premium market data with depth of market |
| VPS Options |
Available at additional cost |
Free VPS for funded traders |
| Backtesting Capabilities |
Basic through MT4/MT5 |
Advanced with proprietary backtesting engine |
Customer Support and Community
|
| Feature |
The Concept Trading |
TradeDay |
| Support Hours |
24/5 via email, chat 9am-5pm EST |
24/7 via email, chat, phone 24/5 |
| Response Time |
Within 24 hours |
Within 6 hours (premium support for funded traders) |
| Languages Supported |
English, Spanish |
English, Spanish, German, French, Portuguese |
| Trader Community |
Basic forum and monthly webinars |
Active Discord, weekly live trading sessions, trader meetups |
| Educational Resources |
Basic guides and tutorials |
Comprehensive academy with structured learning paths |
| Mentoring Options |
Not available |
Optional 1-on-1 coaching (additional fee) |
Conclusion and Final Recommendation
|
| Key Element |
The Concept Trading |
TradeDay |
| Strengths |
Straightforward evaluation process, no monthly fees after funding, high profit splits (up to 90%), reasonable profit targets |
Diverse account options including express evaluation, advanced trading tools, comprehensive educational resources, strong scaling program |
| Weaknesses |
Limited platform options, fewer account size choices, basic analytics tools, less developed community |
Higher overall costs with monthly fees, stricter evaluation criteria, higher initial profit targets to achieve |
| Best For |
Experienced traders who prefer simplicity and straightforward rules, traders focused on maximizing profit splits over additional features |
Traders seeking robust community and educational resources, those who value platform diversity and technical capabilities, ambitious traders looking for rapid scaling |
| Final Grade |
4.2/5 |
4.4/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes The Concept Trading popular among users?
The Concept Trading’s popularity stems from its straightforward two-phase evaluation process with no time limits and reasonable profit targets (8% for Phase 1 and 5% for Phase 2). Traders appreciate the high profit split (up to 90%), absence of monthly fees after funding, and the simple, transparent rules. Their focus on offering a streamlined path to funded trading without unnecessary complexity resonates with experienced traders who want to focus on their strategy rather than navigating complicated evaluation requirements.
How does TradeDay differ from other similar organizations?
TradeDay distinguishes itself with its comprehensive ecosystem for traders. Unlike many competitors, it offers both standard and express evaluation paths, more diverse platform options (including cTrader), and an industry-leading scaling program that can potentially take traders to $1M+ accounts. Their emphasis on education through a full trading academy, active community engagement via Discord, and advanced analytical tools provides a more holistic trading environment. Additionally, TradeDay offers specialized account types for different trading styles (swing, scalping) which is uncommon in the industry.
Which evaluation process is easier to pass - The Concept Trading or TradeDay?
The Concept Trading generally offers an easier evaluation process with its 8% (Phase 1) and 5% (Phase 2) profit targets compared to TradeDay’s more demanding 10% (Challenge) and 5% (Verification) requirements. The Concept Trading also has more lenient drawdown limits (5% daily and 10% maximum) versus TradeDay’s stricter 4% daily and 8% maximum drawdowns. However, TradeDay offers an Express evaluation option that, while more expensive, allows traders to skip one phase entirely. For most traders, especially those focused on steady, lower-risk trading approaches, The Concept Trading presents the more achievable path to funding.
Do these companies actually pay out profits to successful traders?
Yes, both The Concept Trading and TradeDay have established track records of paying out profits to successful funded traders. Both companies maintain transparency by regularly posting payout proofs on their websites and social media channels. Their Trustpilot ratings (4.3/5 for The Concept Trading and 4.1/5 for TradeDay) include numerous verified reviews from traders who have successfully received payouts. Both firms process withdrawals on a monthly basis, with The Concept Trading typically completing payments within 3-5 business days and TradeDay within 5-7 business days.
Are there any hidden fees I should be aware of when joining either company?
The Concept Trading is more straightforward with its fee structure – you pay a one-time evaluation fee, and there are no monthly charges after becoming funded. TradeDay, while offering competitive initial evaluation fees, does charge a $99 monthly platform fee after funding which can impact overall profitability. Neither company charges for the first payout each month, but both may charge processing fees for additional withdrawals within the same month (approximately $25-35 per extra withdrawal). Always read the terms and conditions carefully, as both companies reserve the right to modify profit splits if certain trading patterns or risk management issues are detected.
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.
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