TradeDay Prop Firm
TradeDay is a prop firm offering funding for futures traders across a range of assets including Forex, Indices, Metals and more. Trade day funding allows traders to access capital up to 250k USD if they pass the single phase trading evaluation.
What is the payout for Tradeday?
Here’s the lay of the land when it comes to withdrawing profits from TradeDay. You keep 100% of the first $10,000 then 90% thereafter. There are no restrictions on withdrawal frequency.
What broker does Tradeday use?
TradeDay links traders to the direct market through a futures data feed. Tradeday uses a platform to facilitate the trades called Tradovate. Tradovate is a platform owned by Ninjatrader.
TradeDay Rules to Pass Challenge
Tradeday rules to pass the challenge:
Trading is performed on a simulated environment.
Hit the target profit.
Trade for a minimum of 7 days.
No one trade makes up more than 30% profit rule.
Don’t hold positions overnight.
End of day trailing drawdown.
Funded Sim vs Funded Live with Tradeday
When you pass, you need to choose which account you want to go with. Funded Sim probably has slightly easier trading conditions as it is simulated.
Both accounts have a $139 one time fee.
You can only trade this account up to the first $5,000 profit before you need to switch to the Funded Live account.
On the Funded Live account there is a monthly professional market data fee of $135. This is why many traders will opt for the Funded Sim initially, earn the $5k and then deal with the monthly fee later on, after you’ve made some money.
Choose Between TradeDay Sim or Live Funded
As outlined above, the initial stage of funding can be done under the Sim, allowing the trader to avoid the monthly fee and some inconveniences of trading the live market. After 5k you have to switch, but at least you get some breathing space and time to earn your first payouts before having to cover the monthly live data fee.
TradeDay Reset Evaluation
To reset and start over, you can buy a $99 reset. Alternatively if you breach your account rules you will be reset on the next monthly payment cycle.
The great thing about the reset fee is that if you try a bigger account, the cost value of resetting is far less than the original fee.
Is TradeDay Legit?
Yes, TradeDay is legit and is based in Chicago. They also have great support with a real person that actually has some experience with the service and how it all works. Their rules and information are far more simple and well written compared to other providers.
Does TradeDay have an Activation fee?
The activation fee of a funded account is $139 once you pass the evaluation.
How much is TradeDay funding?
TradeDay funding has a range of prices depending on the size of funding you look to purchase. Here’s a range of their products along with a comparison of profit targets and drawdowns in a comparison table.
TradeDay Comparison Table
| Funding | Price | Profit Target | Trailing Drawdown | Position Limit | Limit Micros | Extras |
| 10,000 | 99 | 1,000 | 1,000 | 1 | 10 | |
| 25,000 | 125 | 1,500 | 1,500 | 2 | 20 | |
| 50,000 | 165 | 2,500 | 2,000 | 5 | 50 | |
| 100,000 | 275 | 5,000 | 3,000 | 10 | 50 | |
| 150,000 | 375 | 8,500 | 3,500 | 15 | 50 | |
| 250,000 | 750 | 12,000 | 4,500 | 25 | 50 | 1 on 1 coaching included |
TradeDay Futures
Tradeday futures available include assets contained in the CME data feed.
These include indices such as the S&P500 (US500), Russell (US2000), the Nikkei (NK225 or JPN225) and the Nasdaq (US100 or NAS100).
It also includes forex futures such as AUD, GBP, CAD, EUR, JPY, CHF and NZD.
Energy products included are Oil and Natural gas however these are on another feed which require additional fees since they are on the NYMEX data feed.
Various bonds futures are on the CBOT feed.
Metals such as platinum, copper, gold (XAU), silver (XAG) are on the COMEX feed.
Soybean, soybean oil and soybean meal, wheat futures along with corn futures make up the CBOT futures offering.
Included Futures Instruments - Tradeday Symbols
Standard Tradeday instruments include the futures in the CME. That means you can trade some US indices, the Nikkei and forex futures.
The lean hog and cattle futures are also included in the CME.
If you need to trade another product listed, but not on the CME data feed, you will need to purchase the additional data feed to access that market.
Trade Day Review
Tradeday are a solid company with fair rules and processes. They have a good management and team behind them and make things fairly easy for their clients.
Their offering is reasonable and the drawdown is based on end of day, meaning you won’t get stopped out on your own break even trade if you let something run.
They only allow one account but they seem to offer good training and appear to want good consistent traders which is beneficial for their business model.
TradeDay vs Apex Trader Funding Comparison
Which is better out of Apex or Tradeday? Let’s dive into the main differences.
Drawdown – Tradeday’s drawdown is more fair, since it is based on the end of the previous day. Apex drawdown is based on highest equity and the very trade going to break even could still cancel you out.
Cost – Apex wins on cost, since they have bigger discounts, sometimes up to 90% off. That is, if you can pass using their tough drawdown rules. Tradeday do have a discount at times, but sometimes paying more for a challenge you can pass (because of better drawdown rules) may be worthwhile.
Accounts – Apex win this one, allowing up to 20 funded accounts, meaning big funding on even the smaller accounts stacked on top of each other. Tradeday only allow for 1 funded account at a time.
Target – Targets are similar in percentage terms.
Coaching – Tradeday offer one on one coaching on the top tier (250k) funding. One on one coaching could be the element of knowledge you need to succeed as a trader. With most coaching offerings out there costing well into the thousands, this is a very cost effective way to go to get professional trading education and support. Be sure to book in your coaching session via your Tradeday dashboard.
TradeDay Discount Code
Countries Accepted by TradeDay
Andorra
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Belgium
Belize
Benin
Bhutan
Bolivia
Brazil
Brunei
Cambodia
Canada
Cape Verde
Chad
Chile
China
Colombia
Comoros
Costa Rica
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
East Timor (Timor-Leste)
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Eswatini (Swaziland)
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Honduras
Hungary
Iceland
India
Ireland
Israel
Italy
Ivory Coast (Côte d’Ivoire)
Japan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Maldives
Marshall Islands
Mexico
Micronesia
Moldova
Monaco
Mongolia
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Norway
Oman
Palau
Paraguay
Peru
Poland
Portugal
Qatar
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Seychelles
Singapore
Slovakia
Solomon Islands
South Korea
Spain
Suriname
Sweden
Switzerland
Tajikistan
Thailand
Togo
Tonga
Turkmenistan
Tuvalu
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Vietnam
*Based on the prohibited countries list.