The Funded Trader vs TradeDay: Elite Prop Firms Comparison
Introduction
The Funded Trader and TradeDay are two prominent proprietary trading firms offering traders the opportunity to access substantial capital without risking their own money. The Funded Trader stands out for its diverse account options and trader-friendly profit splits, earning a strong 4.6/5 on Trustpilot from over 3,700 reviews. TradeDay has quickly established itself with streamlined challenge processes and competitive payout structures, maintaining an impressive 4.8/5 Trustpilot rating across 1,200+ reviews. Both firms cater to different trading styles and preferences, making them leading choices in the funded trading industry.
Quick Comparison
|
| Feature |
The Funded Trader |
TradeDay |
|
 |
|
| Founded |
2021 |
2022 |
| Trustpilot Rating |
4.6/5 (3,700+ reviews) |
4.8/5 (1,200+ reviews) |
| Maximum Account Size |
$400,000 |
$200,000 |
| Profit Split |
Up to 90% |
Up to 85% |
| Challenge Options |
Normal, Rapid, Royal |
Express, Standard, Advanced |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
The Funded Trader |
TradeDay |
| Standard Challenge |
Two-phase evaluation (Challenge + Verification) |
Two-phase evaluation (Qualification + Verification) |
| Express/Rapid Option |
Rapid Challenge: Accelerated evaluation with higher fees |
Express Program: Single-phase evaluation at premium price |
| Beginner-Friendly Option |
Royal Challenge: Longer timeframe with relaxed rules |
Standard Program: Extended time limits for new traders |
| Scaling Opportunities |
Account scaling up to $400K after consistent performance |
Account growth program up to $200K based on performance |
| Special Programs |
The Gauntlet Mini program for swing traders |
Advanced Program with higher leverage for experienced traders |
Assessment Criteria – How can you pass the test?
|
| Criteria |
The Funded Trader |
TradeDay |
| Profit Target |
8% for normal challenge, varies by program |
10% for standard program, 8% for express |
| 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 |
5 trading days in challenge phase |
3 trading days in qualification phase |
| Time Limit |
Phase 1: 30 days, Phase 2: 60 days (normal challenge) |
Phase 1: 30 days, Phase 2: 30 days (standard program) |
| Consistency Rules |
No specific consistency metrics |
Requires consistent profit distribution across trading days |
| News Trading |
Allowed with restrictions |
High-impact news trading prohibited |
Fees and Pricing – How much will you pay?
|
| Option |
The Funded Trader |
TradeDay |
| $10K Account |
$99 (Normal Challenge) |
$85 (Standard Program) |
| $25K Account |
$149 (Normal Challenge) |
$129 (Standard Program) |
| $50K Account |
$249 (Normal Challenge) |
$229 (Standard Program) |
| $100K Account |
$449 (Normal Challenge) |
$429 (Standard Program) |
| $200K Account |
$849 (Normal Challenge) |
$799 (Standard Program) |
| Express/Rapid Option |
1.5-2x standard pricing |
1.7-2.2x standard pricing |
| Reset Fee |
Discounted retry fee (approx. 40% of initial) |
Free reset with waiting period or paid immediate reset |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Feature |
The Funded Trader |
TradeDay |
| Trading Platforms |
MT4, MT5 |
MT4, MT5, cTrader |
| Dashboard |
Comprehensive trader dashboard with real-time metrics |
User-friendly interface with performance analytics |
| Mobile Access |
Full mobile platform compatibility |
Mobile-optimized platform and dashboard |
| Educational Resources |
Trading guides, webinars, strategy tutorials |
Video courses, trading community, market analysis |
| Performance Analytics |
Detailed trading statistics and improvement suggestions |
Advanced metrics and performance breakdown |
| Support Channels |
24/5 chat support, email, Discord community |
24/7 chat support, ticket system, Telegram group |
Available Options/Products
|
| Feature |
The Funded Trader |
TradeDay |
| Account Sizes |
$10K to $400K |
$10K to $200K |
| Trading Instruments |
Forex, Indices, Commodities, Crypto |
Forex, Indices, Commodities, Stocks, Crypto |
| Leverage |
Up to 1:100 |
Up to 1:100 (1:200 for Advanced Program) |
| Demo Accounts |
Free demo challenge available periodically |
Discounted mini-challenges for practice |
| Trade Copier Support |
Not permitted |
Limited permission with approval |
| Scaling Plan |
Milestone-based scaling up to 4x initial account |
Performance-based account doubling system |
Technical Capabilities/Performance
|
| Feature |
The Funded Trader |
TradeDay |
| Execution Speed |
Average execution: 120-180ms |
Average execution: 90-150ms |
| Spreads |
Raw spreads from 0.0 pips + commission |
Raw spreads from 0.1 pips + commission |
| Server Reliability |
99.7% uptime with dedicated servers |
99.8% uptime with institutional-grade infrastructure |
| EA Support |
Full support for Expert Advisors |
Full support with pre-approval process |
| Maximum Simultaneous Trades |
No specific limit |
Up to 10 simultaneous open positions |
| Withdrawal Processing |
Weekly payouts (3-5 business days) |
Bi-weekly payouts (2-4 business days) |
Trader Support & Community
|
| Feature |
The Funded Trader |
TradeDay |
| Community Size |
80,000+ members across platforms |
40,000+ members across platforms |
| Education Resources |
Extensive library of tutorials, videos, webinars |
Structured learning path with certification options |
| Mentorship Options |
Optional paid mentoring from successful traders |
Included group coaching sessions with funded status |
| Communication Channels |
Discord, Telegram, Facebook groups |
Discord, Telegram, dedicated trader forum |
| Support Responsiveness |
Average response time: 2-4 hours |
Average response time: 1-3 hours |
| Success Stories |
Regular trader spotlights and success interviews |
Monthly leaderboards and performance highlights |
Conclusion and Final Recommendation
|
| Key Element |
The Funded Trader |
TradeDay |
| Strengths |
Higher maximum account size ($400K), diverse challenge options, up to 90% profit splits, well-established reputation, large supportive community |
Faster execution speeds, additional trading instruments, more lenient trading rules, higher Trustpilot rating, advanced platform options (cTrader), free reset option |
| Weaknesses |
Slightly higher pricing, stricter trading rules, limited platform options |
Lower maximum account size ($200K), newer company with less track record, fewer account scaling options |
| Best For |
Experienced traders seeking larger capital, traders who need flexible challenge options, those wanting maximum profit split potential |
Traders who prioritize execution speed, beginners who prefer lenient rules, traders who use diverse trading instruments, cTrader users |
| Final Grade |
4.7/5 |
4.6/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes The Funded Trader popular among users?
The Funded Trader has gained popularity primarily due to its high profit-split rates (up to 90%), diverse account options ranging from $10K to $400K, and flexible challenge programs catering to different trading styles. Their strong community presence, regular educational webinars, and transparent payout system have also contributed to their positive reputation among traders seeking funded accounts.
How does TradeDay differ from other similar organizations?
TradeDay distinguishes itself with faster execution speeds, more lenient trading rules, and a broader range of trading instruments including stocks. Their inclusion of cTrader alongside MT4/MT5 appeals to technical traders, while their free reset option with waiting period provides a cost-effective way to retry challenges. Additionally, their bi-weekly payout structure and integrated educational resources create a comprehensive trader experience.
Which firm offers better value for beginner traders?
For beginners, TradeDay generally offers better value with its more lenient trading rules, lower entry costs for standard programs, included group coaching sessions, and structured learning path. The Funded Trader’s Royal Challenge provides a longer evaluation timeframe, but TradeDay’s overall lower pressure environment with slightly relaxed rules on maximum losses and consistency requirements tends to be more forgiving for those still developing their trading strategy.
Are there any hidden fees with either company?
Neither company has significant hidden fees, but traders should be aware of specific policies. The Funded Trader charges reset fees (approximately 40% of the initial cost) when traders fail challenges, while TradeDay offers free resets with waiting periods or paid immediate resets. Both firms may have inactivity fees for funded accounts without trading activity for extended periods (usually 30+ days). Withdrawal processing may also incur standard banking fees depending on your location and payment method.
Which firm provides faster payouts to successful traders?
TradeDay typically provides faster payouts with bi-weekly processing that takes 2-4 business days to complete. The Funded Trader operates on a weekly payout schedule but with slightly longer processing times of 3-5 business days. Both companies allow traders to request withdrawals through their dashboards, but TradeDay’s more streamlined process and institutional-grade payment infrastructure give it a slight edge in payment speed and reliability.
How was this 2 companies Comparison Created?
1. We Collect
Our research team gathered comprehensive data directly from The Funded Trader and TradeDay official websites, terms of service documents, and public announcements. We supplemented this with verified user reviews from Trustpilot, TrustScore, and industry forums. Additionally, we interviewed current and former traders from both platforms and consulted industry experts who specialize in funded trading programs to ensure accuracy and completeness of information.
2. We Examine
All collected information underwent thorough verification by our team of professional traders and financial analysts. We tested both platforms’ demo environments to evaluate execution speeds, platform functionality, and user experience. Our experts systematically compared each aspect of the services according to predetermined criteria, checking for consistency across multiple sources and identifying discrepancies that required further investigation or clarification directly from company representatives.
3. We Score
Our scoring methodology employs a weighted evaluation system that prioritizes factors most important to traders: reliability (20%), cost-effectiveness (20%), trading conditions (15%), profit potential (15%), platform performance (10%), support quality (10%), and educational resources (10%). Each category received a score from 1-5 based on objective measurements and comparative analysis, with the final score representing a balanced assessment of the firm’s overall offering in the funded trading space.
4. You Choose
Use this comparison as a starting point for your decision, focusing on factors that align with your specific trading style, experience level, and goals. Consider starting with smaller account sizes to test each platform’s process and support. Take advantage of any available demo challenges or discounted programs to experience the platforms firsthand. Remember that the “best” option varies based on individual needs—experienced forex scalpers might prefer different features than swing traders or multi-asset investors.
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