TradeDay offers intuitive trading solutions for investors at all levels. The platform combines powerful analysis tools with user-friendly interfaces, making market navigation seamless. With competitive fees and responsive customer support, TradeDay stands out in the crowded trading marketplace. Their mobile app ensures you never miss opportunities while on the move.
OVERALL SCORE
9.3
PROS
Unmatched trading network expertise
Innovative fintech platform for businesses
Seamless global market access
Advanced analytics and market insights
AI-powered trading recommendations
Industry-leading security protocols
Competitive fee structure
24/7 dedicated customer support
CONS
Limited access outside trading hours
Higher fees than some competitors
Overwhelming data for beginners
Less intuitive mobile experience
Firm Overview
TradeDay is an innovative proprietary trading firm that offers traders the opportunity to access substantial capital through its challenge programs. Founded with the vision of empowering both novice and experienced traders, TradeDay provides a structured pathway to trading with significant financial backing without requiring traders to risk their own capital.
The firm stands out with its two-phase evaluation process—Challenge and Verification—designed to identify disciplined traders who can consistently generate profits. TradeDay offers multiple account sizes ranging from $10,000 to $200,000, accommodating various trading styles and experience levels.
What sets TradeDay apart is its trader-friendly conditions, including competitive profit splits of up to 90%, one-step evaluation options, and access to multiple financial markets including forex, commodities, indices, and stocks. Their platform supports various trading styles and strategies while maintaining clear rules to ensure trading integrity and risk management.
Standard Challenge – One-time fee starting from $99 for $10,000 account, with traditional two-phase evaluation
Professional Challenge – One-time fee starting from $199 for $10,000 account, offering more flexible trading conditions
Fast-Track Option – Premium fee that allows traders to skip directly to funded account upon meeting criteria
Reset Fee – $49-$99 to restart a challenge if account rules are violated
Account Types
Standard Account: Traditional two-phase evaluation with 10% profit target in each phase, daily drawdown limit of 5%, and maximum drawdown of 10%
Professional Account: Enhanced flexibility with 8% profit target, 6% daily drawdown limit, and 12% maximum drawdown
Funded Account: Live trading account with real capital after passing evaluation phases, with 80-90% profit split
Demo Account: Free trial account available to test trading conditions before purchasing a challenge
Profit Split Options
Standard Split: 80% trader / 20% company – Default profit-sharing arrangement for new funded traders
Performance-Based Scale: Up to 90% for traders who maintain consistent profitability over multiple months
Volume-Based Incentives: Additional percentage points for traders who maintain high trading volume with quality execution
Loyalty Program: Increased profit share for traders who remain with the firm for extended periods
Video Review
TradeDay – Elite Prop Firm Review
TradeDay – Elite Prop Firm Review
Account Sizes
$10,000: Entry-level account with $99-$199 challenge fee, ideal for beginners or conservative traders
$25,000: Mid-sized account with $199-$299 challenge fee, suitable for traders with some experience
$50,000: Advanced account with $299-$399 challenge fee, designed for experienced traders
$100,000: Professional account with $499-$599 challenge fee, for serious traders with proven track records
$200,000: Elite account with $799-$999 challenge fee, for expert traders managing significant capital
Trading Platforms
MetaTrader 4: Industry-standard platform with comprehensive charting tools, technical indicators, and automated trading support
MetaTrader 5: Advanced version with additional timeframes, indicators, and multi-asset trading capabilities
TradingView: Web-based platform with superior charting capabilities and social trading features
cTrader: Professional ECN trading platform with depth of market visibility and advanced order types
Financial Markets
Forex: 50+ currency pairs including majors, minors, and exotics with competitive spreads
Indices: Major global stock indices including S&P 500, NASDAQ, Dow Jones, DAX, and FTSE
Commodities: Energy products (oil, natural gas), precious metals (gold, silver), and agricultural products
Stocks: Hundreds of US and international equities from major exchanges
Crypto CFDs: Major cryptocurrencies including Bitcoin, Ethereum, and Litecoin
Challenge Programs Detail
Standard Challenge
Feature
Challenge Phase
Verification Phase
Duration
No time limit
No time limit
Profit Target
10%
5%
Daily Drawdown
5%
5%
Maximum Drawdown
10%
10%
Minimum Trading Days
10 days
10 days
Professional Challenge
Feature
Challenge Phase
Verification Phase
Duration
No time limit
No time limit
Profit Target
8%
4%
Daily Drawdown
6%
6%
Maximum Drawdown
12%
12%
Minimum Trading Days
8 days
8 days
Challenge Specifications
Max Allocation: Initial funding up to $200,000 with potential to scale to $1,000,000 based on performance
Scaling: 25% account growth for each consistent period of profitability (typically quarterly); double account size after reaching specific milestones
Trading Competitions: Monthly challenges with additional cash prizes for top-performing traders
Free Trial: 7-day demo account available to test trading conditions before purchasing a challenge
Profit Targets: Standard Challenge requires 10% profit in first phase, 5% in second; Professional Challenge requires 8% profit in first phase, 4% in second
Drawdown Structure:
Daily: 5% limit in Standard Challenge, 6% in Professional Challenge
Maximum: 10% limit in Standard Challenge, 12% in Professional Challenge
Trailing: Applied once account reaches 5% profit, protecting gains from significant reversals
No overnight holding of positions during high-impact news events
Maximum allowed leverage varies by account size (up to 1:100 for smaller accounts)
No hedge trading or arbitrage strategies allowed
Minimum 10 trading days required in Standard Challenge (8 days for Professional)
Maximum daily lot size limits based on account size
No expert advisors or automated trading during challenge phases
Trading hours restricted to official market hours for each instrument
No same-direction scaling into positions that increases risk beyond allowed limits
Company Information
Founded in 2020 by a team of professional traders and financial market specialists
Headquartered in London with additional offices in New York and Singapore
Regulated by financial authorities with full compliance with international trading standards
24/5 customer support available via live chat, email, and phone
Educational resources including webinars, trading guides, and strategy sessions
Active community of over 25,000 traders worldwide
Payout Methods
Bank Wire Transfer (3-5 business days)
PayPal (1-2 business days)
Skrill (24-48 hours)
Neteller (24-48 hours)
Bitcoin and other cryptocurrencies (1-24 hours)
Wise (formerly TransferWise) (2-3 business days)
Trading Commissions
Forex: $5 per lot round turn ($2.5 per side)
Indices: $4 per lot round turn
Commodities: $3-$6 per lot round turn depending on the instrument
Stocks: 2 cents per share with $1 minimum
Crypto CFDs: 0.1% of trade value
No hidden fees or markups on spread
IP Rules
One IP address per trader account
VPN usage prohibited during challenge and verification phases
IP location must match registered country of residence
IP changes must be approved by support team before trading
Multiple logins from different locations may trigger security verification
Travel exceptions available with prior notification to support team
Unique Features
Trader Development Program
One-on-one coaching with professional traders
Weekly strategy sessions and market analysis
Performance analytics dashboard with trade statistics
Trading psychology workshops
Technical Advantages
Low-latency execution with institutional-grade infrastructure
Advanced trading journal integration
Custom indicators and strategy templates
Mobile trading app with full functionality
Real-time trade monitoring and analysis
Why Choose TradeDay?
TradeDay stands out in the competitive prop firm landscape by offering a balanced combination of trader-friendly conditions and professional-grade resources. Their evaluation process is designed to be challenging yet achievable, identifying traders with consistent strategies rather than lucky gamblers.
Key advantages include:
Higher profit splits (up to 90%) compared to industry standard
No time limits on completing challenges
Transparent rules with no hidden conditions
Multiple account sizes to suit different trading styles
Rapid scaling program for successful traders
Comprehensive educational resources and trader support
Fast and reliable payouts with multiple payment methods
Professional trade execution with minimal slippage
Frequently Asked Questions
How long does it take to get funded?
The time to funding depends entirely on your trading performance. Since TradeDay imposes no time limits on challenges, you can complete them at your own pace. Typically, successful traders complete both phases in 2-6 weeks. Once you’ve passed both the Challenge and Verification phases, your funded account is typically set up within 1-3 business days.
Can I hold positions over the weekend?
Yes, TradeDay allows positions to be held over weekends. However, you should be aware of the increased risk due to potential weekend gaps, especially during major economic events. The platform automatically adjusts margin requirements for weekend holds to account for increased volatility. For certain high-impact news events, overnight holding restrictions may apply.
What happens if I break a rule?
Rule violations typically result in account termination, though the consequences depend on the severity and nature of the violation. Minor infractions may receive warnings, while serious violations like using prohibited trading strategies will lead to immediate termination. TradeDay offers a reset option for most violations, allowing you to restart the challenge for a fee ranging from $49-$99 depending on account size.
Can I trade news events?
Yes, trading during news events is generally allowed, but with some restrictions. You can trade during regular news announcements, but trading is prohibited during extremely high-impact events that could cause excessive volatility. TradeDay provides a calendar of restricted trading periods in your account dashboard. The platform may also temporarily increase margin requirements during volatile news events to protect against extreme market movements.
How often can I withdraw profits?
Profit withdrawals from funded accounts are processed bi-weekly (every two weeks). The minimum withdrawal amount is $100, and there is no maximum limit. Withdrawal requests submitted by Friday will be processed the following Wednesday. First-time withdrawals require additional verification. After establishing a withdrawal history, the process becomes more streamlined with faster processing times.
