TradeDay – Elite Prop Firm Review
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- Elite market access for everyone
- Swift capital allocation after evaluation
- Exceptional backtesting tools included free
- Mentors guide your trading journey
- Custom metrics track your progress
- 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 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.
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
- 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
- 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: 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
Trading Rules and Requirements
- 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 Chicago, Illinois, the home of futures trading
- 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
- 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.
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vorbelutrioperbir –
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