TradeDay - Prop Firm Review

Firm Overview

TradeDay LLC is an Illinois company, based in Chicago. It is not a UK firm, has no UK entity and no Companies House registration — despite a British-sounding association that comes from its staff, not its corporate structure. Anyone describing TradeDay as a UK firm is simply wrong.

What it does have is the cleanest disclosure of any firm we have audited. It states plainly that it is not registered with the SEC, CFTC, NFA or FINRA, and it publishes a live pass rate — 36% for January to June 2026. Not a stale figure from two years ago; a current one.

On 29 May 2026, TradeDay rebuilt its range as “TradeDay 2.0”. What remains is Quick Pay and Fast Pass.

What Actually Changed in TradeDay 2.0

On 29 May 2026 TradeDay restructured its whole range, and the change is widely misdescribed — including in earlier versions of this review. Here is what genuinely happened:

• The Static drawdown product is dead. This is the real casualty. If you were trading a static-floor evaluation, that option no longer exists.
• Quick Pay is a rebrand, not a new product. The old evaluation survives inside it — Intraday and EOD live on as drawdown options you select, rather than as separate products.
• Fast Pass is the only genuinely new thing — no minimum trading days, a looser 45% consistency rule, and sharply reduced contract limits once funded.
• The 95% split went with it.

So the honest summary is: fewer drawdown models, one new fast route, and a worse split ceiling than before. Anyone telling you the entire line was scrapped and rebuilt from nothing is overstating it — but anyone still quoting Static evaluations or a 95% split is describing a product you cannot buy.

The Transparency Worth Crediting

We spend most of this review on traps, so it is only fair to be equally direct about where TradeDay is better than its competitors.

It publishes a current pass rate. 36%, measured January to June 2026. Not a figure from two years ago, not a marketing number — a live one, and a high one by industry standards. Most firms publish nothing; E8’s is over two years stale; Topstep’s is honest but brutal.

It states its regulatory position plainly. TradeDay says outright that it is not registered with the SEC, CFTC, NFA or FINRA. It does not hide behind a broker affiliation, it does not imply protection it lacks, and it does not name four jurisdictions across four pages the way some competitors do.

That honesty does not make the 10,000 USD ceiling any less costly. But it does mean you can trust what you read on their own pages — with the single, glaring exception of the activation fee, where their pricing cards and their knowledge base flatly contradict each other.

The Best Thing About TradeDay: There Is No Daily Drawdown

This is real, and it is rare. TradeDay’s own words: “TradeDay has just one rule — don’t break the Maximum Drawdown Limit!”

There is no daily loss limit at all. No daily lockout, no daily breach. You have one number to respect. For a futures trader who has been repeatedly killed by a daily loss limit tripping on an ordinary drawdown, this alone may justify the subscription.

The Maximum Drawdown Limit runs at 2,000 / 3,000 / 4,500 USD by account size. Every drawdown is trailing, and it freezes at your starting balance with no buffer. That detail matters: some firms lock the floor at your starting balance plus a cushion. TradeDay locks it flat, so once you are back at breakeven there is nothing beneath you.

The 10,000 USD Ceiling That Takes Your Profit

This is the rule that decides whether TradeDay is right for you, and it sits in the knowledge base rather than on the pricing page.

On Quick Pay funded accounts there is a gross profit ceiling of 10,000 USD. TradeDay’s own wording: “any excess profits above the threshold will be removed, and the balance will be revised back to the threshold level… will be forfeited.”

And here is the part that catches people. “Gross profit” includes withdrawals you have already taken. Every payout you bank quietly moves the ceiling closer. Take 6,000 USD out over two months and you have 4,000 USD of headroom left before your profits start being confiscated — not 10,000.

The account is not a place to compound. It is a corridor to Funded Live with a hard cap along the way, and it should be planned as one: reach Funded Live before the ceiling catches you.

The Profit Split — and the 50/50 Nobody Mentions

Credit where due: TradeDay’s maximum split is 90%, and it is genuinely performance-gated. You cannot buy it at checkout — which puts TradeDay ahead of E8, Aqua, Sway and Hantec, where the headline split is simply a price tier.

But the starting split is far worse than the marketing implies. On a Quick Pay funded account:

A trader who makes 3,000 USD and withdraws it keeps 1,500 USD. That is the real entry-level economics here, and it appears nowhere prominent.

The 95% profit split has been withdrawn. Note that TradeDay’s old payout-policy page still resolves and still presents the withdrawn 95% split and the retired buffer zone as current — so you may well find it yourself while researching. It is stale. Ignore it.

What It Actually Costs

TradeDay’s pricing is a monthly recurring subscription, not a one-time fee. The “from 62.50 USD” figure advertised is a 50%-off subscription rate, not a purchase price. On a 100,000 USD account:

Resets cost 60 to 225 USD by size. There is no fee refund: TradeDay states plainly, “we are unable to offer a refund after purchase.”

One unresolved contradiction, which we will not paper over. Every TradeDay pricing card says “No activation fee”. But TradeDay’s live knowledge base says: “a one-off setup fee for Funded Sim accounts of 139 USD… each time an evaluation is passed, the setup fee does need to be paid.” Those cannot both be true. We will not publish either as fact until TradeDay confirms it — and nor should you assume. Ask them in writing before buying, because 139 USD per pass materially changes the maths.

Quick Pay vs Fast Pass

Three things in that table deserve spelling out.

First, the Quick Pay drawdown conversion. TradeDay’s wording: “All Quick Pay Funded Sim accounts will have an intraday drawdown, regardless of the drawdown had on the evaluation.” You can pass on an EOD drawdown — the gentler model, recalculating only after the close — and then be handed a funded account that trails you tick by tick. If you built your style around EOD, it does not survive the transition.

Second, the consistency rule is unusually humane. Breaching it does not fail you — it raises your profit target instead. Far better than the outright breach most firms impose.

Third, Fast Pass shrinks when funded. Contract limits fall from 5 to 2, 10 to 3, and 15 to 4. You pass trading one size and get funded at a fraction of it.

Payouts and Trading Rules

• Minimum payout: 250 USD.
• Gold, silver, copper and platinum are banned outright — since 11 February 2026. If metals are your market, this firm is not for you.
• Losing a Funded Live account carries a 3-month ban from the programme.
• The 10,000 USD gross ceiling on Quick Pay counts prior withdrawals toward the total.

How TradeDay Compares

The honest read: TradeDay’s rule set is genuinely trader-friendly at the front end — no daily drawdown, a forgiving consistency mechanic, an earned rather than purchased split, and honest disclosure. Its weakness is entirely at the back end: a 50/50 starting split, a 10,000 USD ceiling that confiscates profit, and a subscription that keeps running while you grind. It is a good place to trade and a constrained place to earn.

Who It Suits — and Who Should Avoid It

It suits you if the daily loss limit is the thing that keeps killing you elsewhere. Removing it entirely is a real structural advantage and almost nobody else offers it. The transparency is best-in-class, resets are cheap, and the consistency rule raises your target rather than ending your account.

Avoid it if you plan to earn steadily from a funded sim account. The 10,000 USD gross ceiling — counting withdrawals already taken — makes Quick Pay a corridor, not a seat. Avoid it if you trade metals, which are banned outright. Avoid it if you need an EOD drawdown when funded, because Quick Pay converts you to intraday regardless. And budget for the subscription: a monthly fee running while you grind is a very different cost structure from a one-time challenge fee.

Frequently Asked Questions

Does TradeDay have a daily drawdown?

No. There is no daily loss limit at all — only the Maximum Drawdown Limit. It is the firm’s single best feature.

What is the 10,000 USD ceiling?

On Quick Pay funded accounts, gross profit is capped at 10,000 USD and anything above it is removed and forfeited. Critically, “gross profit” includes withdrawals you have already taken, so earlier payouts pull the ceiling closer.

Is the 95% profit split still available?

No. It has been withdrawn. TradeDay’s old payout-policy page still shows it, but that page is stale.

What split do I actually start on?

On a Quick Pay funded account, 50/50 until you have accumulated 4,000 USD of profit. Then 80/20. The 90% split requires reaching Funded Live.

Is TradeDay a one-time fee?

No. It is a monthly recurring subscription — roughly 115 to 160 USD a month on a 100,000 USD account.

Is there an activation fee?

TradeDay’s pricing cards say no; its knowledge base says 139 USD each time you pass an evaluation. The two contradict each other and we will not state either as fact. Confirm with TradeDay before purchasing.

Can I trade gold?

No. Gold, silver, copper and platinum have been banned since February 2026.

Is my fee refunded?

No. TradeDay states that it is unable to offer a refund after purchase.

Did TradeDay scrap its whole product line?

Not quite. The Static drawdown product was retired, Quick Pay is a rebrand of the existing evaluation with Intraday and EOD surviving as options inside it, and Fast Pass is the one genuinely new product.