The Trading Pit vs TradeDay: Full Comparison of Elite Prop Firms
Introduction
The Trading Pit and TradeDay are both leading proprietary trading firms offering funded trading opportunities for aspiring traders. The Trading Pit stands out for its straightforward evaluation process and competitive profit splits, earning a strong 4.3/5 on Trustpilot from over 300 reviews. TradeDay differentiates itself with flexible trading parameters and responsive customer support, reflected in its 4.1/5 Trustpilot rating from over 200 reviews. Both firms provide pathways to trade with substantial capital without risking personal funds, though they differ significantly in their approach to trader evaluation and account funding.
Quick Comparison
|
| Feature |
The Trading Pit |
TradeDay |
|
 |
|
| Founded |
2021 |
2020 |
| Trustpilot Rating |
4.3/5 (300+ reviews) |
4.1/5 (200+ reviews) |
| Headquarters |
Saint Vincent and the Grenadines |
United Kingdom |
| Max Funding |
$400,000 |
$200,000 |
| Profit Split |
Up to 90% |
Up to 80% |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
The Trading Pit |
TradeDay |
| Evaluation Process |
Two-phase evaluation: Verification and Confirmation |
One-phase Challenge program |
| Account Types |
Standard and Express accounts |
Standard and Accelerated accounts |
| Scaling Opportunities |
Available after consistent profitability, up to $400,000 |
Performance-based scaling, up to $200,000 |
| Time Restrictions |
Minimum 5 trading days, no maximum time limit |
Minimum 5 trading days, 30-day maximum |
| Special Programs |
Pro Trader Program for experienced traders |
Direct Funding option for verified professionals |
Assessment Criteria – How can you pass the test?
|
| Criteria |
The Trading Pit |
TradeDay |
| Profit Target |
10% (Verification), 5% (Confirmation) |
10% single-phase target |
| Maximum Loss Limit |
5% daily, 10% total |
4% daily, 8% total |
| Minimum Trading Days |
5 days per phase |
5 days total |
| Trading Hours |
24/5, no specific hour restrictions |
Set trading hours, restricted during news events |
| Position Holding |
Weekend holding allowed |
No overnight holding on Fridays |
| Consistency Rules |
No consistency metrics required |
Requires consistent profit days |
| Reset Policy |
Free resets after 14 days |
Paid resets available immediately |
Fees and Pricing – How much will you pay?
|
| Option |
The Trading Pit |
TradeDay |
| $10,000 Account |
$99 |
$109 |
| $25,000 Account |
$199 |
$209 |
| $50,000 Account |
$299 |
$299 |
| $100,000 Account |
$499 |
$549 |
| $200,000 Account |
$799 |
$999 |
| Refund Policy |
No refunds |
7-day partial refund |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Feature |
The Trading Pit |
TradeDay |
| Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, MetaTrader 5, cTrader |
| Analytics Dashboard |
Comprehensive trader dashboard with performance metrics |
Basic statistics dashboard |
| Mobile Trading |
Fully supported |
Fully supported |
| Educational Resources |
Trading guides, webinars, tutorial videos |
Limited educational content, focus on strategy examples |
| Customer Support |
24/5 via email and live chat |
Business hours via email, limited weekend support |
Available Options/Products
|
| Option |
The Trading Pit |
TradeDay |
| Available Markets |
Forex, Indices, Commodities, Stocks, Crypto |
Forex, Indices, Commodities, limited Crypto |
| Account Currencies |
USD, EUR, GBP |
USD only |
| Leverage Options |
1:100 for most instruments |
1:30 to 1:100 depending on instrument |
| Trading Styles |
All styles permitted (scalping, day trading, swing) |
All styles permitted with some restrictions on scalping |
| News Trading |
Allowed |
Restricted during major news events |
Technical Capabilities/Performance
|
| Feature |
The Trading Pit |
TradeDay |
| Execution Speed |
Under 100ms average |
Under 150ms average |
| Server Locations |
Multiple global locations with load balancing |
UK and US servers only |
| Slippage Policy |
Minimal slippage, ECN environment |
Standard market execution with moderate slippage |
| Automated Trading |
Fully supported, including EAs |
Supported with pre-approval required |
| Platform Stability |
99.9% uptime guaranteed |
98.5% uptime target |
Payout Structure
|
| Feature |
The Trading Pit |
TradeDay |
| Initial Profit Split |
80% trader / 20% firm |
70% trader / 30% firm |
| Maximum Profit Split |
Up to 90% after consistent performance |
Up to 80% after account scaling |
| Payout Frequency |
Bi-weekly available |
Monthly only |
| Payout Methods |
Bank transfer, Crypto, Paypal, Wise |
Bank transfer, Crypto |
| Minimum Payout |
$100 |
$200 |
| Payout Processing Time |
1-3 business days |
3-5 business days |
Conclusion and Final Recommendation
|
| Key Element |
The Trading Pit |
TradeDay |
| Strengths |
Higher profit splits, larger maximum funding, weekend position holding, simpler evaluation process, multi-currency support |
More platform options including cTrader, partial refund policy, competitive pricing on smaller accounts, direct funding option |
| Weaknesses |
No refund policy, slightly higher fees for smaller accounts |
More trading restrictions, lower maximum funding, USD accounts only, longer payout processing |
| Best For |
Experienced traders seeking higher capital, swing traders who hold positions over weekends, traders who need flexibility in assessment period |
Day traders working within specific market hours, traders on tighter budgets seeking smaller accounts, cTrader platform users |
| Final Grade |
4.4/5 |
4.1/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes The Trading Pit popular among users?
The Trading Pit has gained popularity primarily for its straightforward two-phase evaluation process without complex consistency rules, generous profit splits (up to 90%), and the ability to hold positions over weekends. Traders also appreciate the higher maximum funding capacity of $400,000, flexible trading hours, and shorter payout processing times. Their allowance of all trading styles without restrictions during news events gives traders more freedom in their strategies.
How does TradeDay differ from other similar organizations?
TradeDay distinguishes itself by offering a single-phase evaluation process that can be faster to complete than multi-phase programs. They provide platform diversity with MetaTrader 4, MetaTrader 5, and cTrader options, which is uncommon among prop firms. Their 7-day partial refund policy offers a safety net for traders who quickly realize the program isn’t right for them. TradeDay also offers more competitive pricing on smaller account sizes, making it accessible for newer traders with limited capital.
Can I use trading robots (EAs) with both firms?
Yes, both firms allow automated trading with Expert Advisors (EAs), but with different policies. The Trading Pit fully supports EAs without pre-approval requirements, making it ideal for algorithmic traders who want to deploy their systems immediately. TradeDay also supports automated trading but requires pre-approval of your EA before use in the evaluation. This additional step helps them ensure the EA doesn’t violate their trading parameters, particularly around news events and scalping restrictions.
What happens if I fail the evaluation with either company?
With The Trading Pit, if you fail the evaluation by hitting the maximum loss limit, you can reset your account after a 14-day waiting period at no additional cost. This cooling-off period is designed to encourage reflection on trading mistakes. TradeDay offers immediate paid resets if you fail, allowing you to quickly try again if you’re confident in your strategy adjustments. Neither firm offers free immediate resets, which is consistent with industry standards for funded trading programs.
Which firm is better for part-time traders?
For part-time traders, The Trading Pit generally offers more flexibility as they don’t impose a maximum time limit on completing the evaluation phases and have fewer restrictions on trading hours. This allows traders to progress at their own pace while maintaining other commitments. TradeDay’s 30-day maximum timeframe for completing the challenge might create pressure for part-time traders. However, TradeDay’s single-phase approach could appeal to part-time traders who want a simpler, more straightforward path to funding.
How was this 2 companies Comparison Created?
1. We Collect
Our comparison process begins with comprehensive data collection from multiple sources. We analyze the official websites of The Trading Pit and TradeDay to gather accurate, up-to-date information on their programs, fee structures, and policies. We supplement this with verified user reviews from Trustpilot and other trading forums, social media feedback, and input from traders who have experience with both platforms. We also consult industry publications and expert analyses to ensure we have a complete understanding of both firms’ offerings.
2. We Examine
Once collected, all information undergoes rigorous verification by our team of trading professionals and financial analysts. We cross-reference claims against published terms and conditions, verify pricing information against multiple sources, and examine user experiences for patterns rather than isolated incidents. Our experts have direct experience with funded trading programs, allowing them to evaluate the practical implications of different rules and requirements. We specifically focus on identifying hidden costs, unexpected restrictions, and actual trader experiences that may not be apparent from marketing materials.
3. We Score
Our scoring methodology evaluates each prop firm across nine key categories: evaluation structure, trading parameters, cost-to-value ratio, platform functionality, instrument availability, execution quality, profit split arrangements, scaling opportunities, and customer support quality. Each category receives a weighted score based on its importance to traders’ success. The final grades reflect both objective metrics (like maximum funding amounts and profit splits) and subjective assessments of user experience and platform usability. We regularly review and update our scoring to reflect changes in offerings.
4. You Choose
This comparison is designed to help you identify which funded trading provider best matches your specific needs and trading style. Consider your priorities: Are you primarily a day trader or swing trader? Do you need to hold positions over weekends? Is maximum capital or profit split percentage more important to you? Use our comparison tables to identify the strengths and weaknesses of each firm relative to your personal trading approach. We recommend visiting both providers’ websites, starting with free demo accounts where available, and carefully reviewing all terms before making your final decision.
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