TradeDay - Prop Firm Review
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- Futures-only prop firm across 6+ asset classes
- 80% profit split from day one, with the potential to reach 95%
- Day-one payouts available with no consistency requirement
- Up to 6 simultaneous accounts; no activation fee
- Clear path from sim evaluation to live funded trading
- Get up tp 30% Discount on your challenges with this code: OPSODO
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 single-step evaluation designed to identify disciplined traders who can consistently generate profits. TradeDay offers multiple account sizes ranging from $50,000 to $150,000, accommodating various trading styles and experience levels.
What sets TradeDay apart is its trader-friendly conditions, including competitive profit splits of 80% from day one (up to 95%), single-step evaluation, and access to a wide range of futures markets (TradeDay is futures-only; verbatim: “currency, and CFDs are not permitted nor available in our program or platforms”). Their platform supports various trading styles and strategies while maintaining clear rules to ensure trading integrity and risk management.
Intraday Evaluation
| Monthly Fee | Funded Capital | Profit Split |
|---|---|---|
| $125/mo | $50,000 | Up to 95% |
| $200/mo | $100,000 | Up to 95% |
| $300/mo | $150,000 | Up to 95% |
End of Day (EOD) Evaluation
| Monthly Fee | Funded Capital | Profit Split |
|---|---|---|
| $175/mo | $50,000 | Up to 95% |
| $275/mo | $100,000 | Up to 95% |
| $375/mo | $150,000 | Up to 95% |
Static Drawdown Evaluation
| Monthly Fee | Funded Capital | Profit Split |
|---|---|---|
| $165/mo | $50,000 | Up to 95% |
| $250/mo | $100,000 | Up to 95% |
| $350/mo | $150,000 | Up to 95% |
Key Features at a Glance
Challenge Fees
- Intraday Plan – Monthly subscription starting from $87/mo (with SAVE30 code) on a $50,000 account; single-step evaluation
- EOD Plan – Monthly subscription with End-of-Day trailing drawdown; calculated from realised end-of-day profits at 16:00 CT futures market close
- Static Plan – Available at $50K, $100K, and $150K account sizes, featuring a fixed (non-trailing) drawdown limit that does not move with account balance growth
- Fast-Track Option – Premium fee that allows traders to skip directly to funded account upon meeting criteria
- Reset Fee – $99 to restart immediately, or free when your monthly subscription renews
Account Types
- Intraday Plan: Single-step evaluation. Profit target 6% ($3K / $6K / $9K on $50K / $100K / $150K). Trailing max drawdown $2K / $3K / $4K, calculated intraday from unrealised profits, freezing at the starting balance
- EOD Plan: Same 6% profit target. Trailing max drawdown calculated from realised end-of-day profits at 16:00 CT close, freezing at the starting balance
- Static Plan: Fixed maximum drawdown that does not trail with the account balance. Same 6% profit target ($3,000 / $6,000 / $9,000) as the other plans
- Funded Account: Activated after passing the single-step evaluation. Trading remains in a simulated environment per TradeDay’s CFTC Rule 4.41 disclosure. Profit split 80% from day one with the potential to reach 95%
- Demo Account: Free trial account available to test trading conditions before purchasing a challenge
Profit Split Options
- 80% from Day One: 80% of profits from the moment your funded account is active
- Up to 95% at higher levels: TradeDay advertises potential to reach 95% on consistent performance
- Day One Payouts: Withdrawals available from day one of funded trading; no consistency requirement to request a payout
- Multiple accounts: Trade up to six accounts simultaneously
Video Review
TradeDay – Elite Prop Firm Review
TradeDay – Elite Prop Firm Review
Account Sizes
- $50,000: Smallest TradeDay account ($87/mo with SAVE30; $125/mo full price on Intraday)
- $100,000: Mid-tier TradeDay account ($140/mo with SAVE30; $200/mo full price on Intraday)
- $150,000: Largest TradeDay account ($210/mo with SAVE30; $300/mo full price on Intraday)
- TradeDay does not currently offer a $200K account; max published size is $150K
- EOD and Static drawdown variants are also available at the same three sizes ($50K / $100K / $150K)
Trading Platforms
- Tradovate: Cloud-based futures platform with commission-free trading and advanced charting tools
- NinjaTrader 8: Professional-grade desktop platform with powerful backtesting and automated strategy support
- TradingView: Web-based platform with superior charting capabilities and social trading features
- Jigsaw: Specialized order flow and depth-of-market platform for advanced futures traders
Financial Markets
- Equity Index Futures: E-mini S&P 500, E-mini NASDAQ, E-mini Dow Jones, and Russell 2000 futures
- FX Futures: Currency futures pairs traded on regulated exchanges (not spot forex)
- Energy Futures: Crude oil and natural gas futures
- Metals Futures: Gold, silver, copper, and other precious metals futures
- Agricultural Futures: Corn, wheat, soybeans, and other agricultural commodity futures
- Bond Futures: US Treasury bond and note futures
Challenge Programs Detail
Challenge Specifications
- Max Allocation: Maximum account size: $150,000 (TradeDay’s largest published account; no $1M scaling figure on the firm’s site)
- Scaling: TradeDay does not publish a fixed scaling table on its public site; check the dashboard for current account-growth options
- No public trading-competition prizes are advertised on TradeDay’s site
- TradeDay CoPilot: $24/month subscription for content/webinars without an evaluation account
- Profit Targets: 6% across all plans (Intraday / EOD / Static), single-step
- Drawdown Structure:
- Daily: No fixed daily-loss limit on the TradeDay site (only the trailing/static maximum drawdown)
- Maximum: $2,000 / $3,000 / $4,000 trailing on $50K / $100K / $150K accounts
- Trailing: Tracks unrealised (Intraday) or realised end-of-day (EOD) profits and freezes at the account starting balance
Trading Rules and Requirements
- No overnight holding of positions during high-impact news events
- Position limits: 5 / 10 / 15 standard contracts (or 50 micros) on $50K / $100K / $150K accounts respectively
- No hedge trading or arbitrage strategies allowed
- Minimum 5 trading days required across all plans
- Maximum daily lot size limits based on account size
- Reasonable automation policies apply (consult TradeDay support; the site does not enumerate a public EA ban)
- 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 James Thorpe (CEO) and Steve Miley (Co-founder); team has 80+ years combined futures-industry experience
- Headquartered in Chicago, Illinois, the home of futures trading
- Not a regulated financial institution – verbatim TradeDay disclaimer: “TradeDay is not a financial institution. This website does not promote or sell any financial products or services.” Pass rate disclosed as 28.2% (Oct 2023–Mar 2024)
- 24/7 customer support via live chat and email (support@tradeday.com)
- Educational resources including webinars, trading guides, and strategy sessions
- Trusted by thousands of traders since 2020 (verbatim TradeDay homepage)
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
- Per-contract commissions on futures (typically $0.50–$3 round-turn, varies by platform)
- Standard CME/NYMEX exchange fees pass through to the trader
- Platform and data-feed fees may apply (Rithmic, Tradovate, NinjaTrader)
- No hidden markups
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 typically complete the single-step evaluation in 2-6 weeks of active trading. 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?
No. TradeDay is a Day Trade only firm across all plans (per the how-it-works page) – no overnight or weekend holding is permitted on the evaluation. 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 $99 mid-cycle, or for free at the next monthly subscription renewal depending on account size.
Can I trade news events?
No, news trading is generally restricted on funded accounts during high-impact event windows. 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?
TradeDay advertises Day One Payouts – withdrawals available from day one of funded trading, with no consistency requirement to request a payout. Specific cadence and minimums are managed via the trader dashboard. First-time withdrawals require additional verification. After establishing a withdrawal history, the process becomes more streamlined with faster processing times.
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vorbelutrioperbir –
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