TradeDay

TradeDay is a proprietary trading firm providing traders with a distinctive platform to participate in lucrative futures trading. Traders who complete the firm’s unique Evaluation challenge, created to identify individuals well-prepared for live futures market trading, qualify for funding. In addition to this,

TradeDay provides a wealth of educational resources, like webinars and coaching, to support traders throughout their journey. The firm is distinguished by its straightforward rules and generous profit share, meaning traders are well remunerated for their commitment and abilities.

TradeDay was set up by three experienced traders, James Thorpe, Tera Vicker, and Steve Miley, who are committed to nurturing other successful futures traders. Their transparent, fair, and supportive approach is propelling the platform’s increasing popularity.

A thorough examination of what TradeDay has to offer, including its diverse funding programs, reasonable pricing, and wide range of resources, only serves to further underscore the firm’s dedication to building a new generation of capable, profitable traders.

This review of TradeDay looks at everything you need to know about the firm and the exciting opportunities it offers for all traders, from those starting out on their journey through to experienced professionals.

TradeDay is a prop trading firm focused on futures trading. Its unique Evaluation challenge identifies traders who can showcase a good knowledge of markets and trade profitably. Those who pass qualify for funding, meaning they can trade with the firm’s capital. The firm provides a comprehensive range of features to help traders succeed, from all the key trading tools to educational resources such as webinars and coaching.

With clear-cut, transparent rules and an enticing profit share, the firm is set up to work for those just starting out in the futures trading industry as well as experienced traders seeking fresh opportunities.

TradeDay provides a wide range of trading instruments, including equity futures, foreign exchange, bonds, agriculture, metal, and energy futures. Account sizes start at $10,000 and rise to $250,000, with the limit on contract numbers based on the account size and the trader’s accumulated profits. The prop firm prides itself on its flexibility, catering to a variety of trading strategies and financial capabilities. Register today to take advantage of our exclusive discount by clicking here.

TradeDay functions as prop trading firm specialising in futures trading, providing for both new traders and those with more experience. Newcomers can take advantage of the wealth of educational resources on offer to hone their trading skills, while those who have been in the industry for longer have the option of starting the Evaluation challenge straight away.

This challenge uses a simulated trading environment to assess traders on three points: reaching a specified profit target, trading for a minimum of 7 days, and demonstrating consistency in their trading strategies.

Traders must adhere to three key rules: day trading only, limitation to specified trading products, and keeping to a set trailing drawdown limit. Violating these rules terminates the evaluation, but traders can reset it for a $99 fee, or wait until their subscription renews for a free reset.

Traders who pass the Evaluation challenge qualify for funding with TradeDay. Traders keep the entire initial $10,000 they generate in profits and receive a 90% profit share thereafter. Withdrawals are unlimited, and larger trading account balances enable more substantial trading positions.

Traders who need a little time to prepare before the Evaluation challenge can make use of TradeDay’s two-week free trial, which allows them to familiarise themselves with the platform, engage in simulated market trading, and access all the firm’s educational resources.

TradeDay establishes set profit targets and maximum trailing drawdowns for each account size, detailed in the table below. There are also two rules which apply to all account sizes:

  1. Minimum Trading Days:Traders must trade for a minimum of 7 days.
  2. Challenge Duration:The length of the trading challenge is flexible, allowing traders to take as much time as they need.

Account Size

Profit Target

Max Drawdown (trailing)

$10k

$1,000 (10%)

$1,000 (10%)

$25k

$1,500 (6%)

$1,500 (6%)

$50k

$2,500 (5%)

$2,000 (4%)

$100k

$5,000 (5%)

$3,000 (3%)

$150k

$7,500 (5%)

$4,000 (2.7%)

$250k

$12,000 (4.8%)

$5,000 (2%)

In contrast to most other prop firms that employ a two-stage evaluation process, TradeDay’s evaluation is just one stage.

TradeDay’s five different account sizes start at $10,000 and rise to $250,000, meaning there is an option to suit every trader, whatever their trading preferences and financial capabilities.

The fees for each account rise in line with the size of the account, starting at $99 monthly for the smallest account. The largest account, for traders looking for more substantial trading capacities, costs $750 per month. We list the account sizes and their respective fees in full below:

  • $10,000 for $99 per month
  • $25,000 for $125 per month
  • $50,000 for $165 per month
  • $100,000 for $275 per month
  • $150,000 for $350 per month
  • $250,000 for $750 per month

The array of account sizes provides traders with the flexibility to choose an account that best suits their trading strategies and financial capabilities.

At TradeDay, the constraints on the number of contracts a trader can engage in hinge on two primary factors: the size of their trading account and the total profits accrued. The options vary, starting from trading a single mini contract (or its equivalent of 10 micros) with a $10,000 account balance, and scaling up to 25 mini contracts (or 50 micros) for the largest $250,000 account. The details for all account sizes are listed below:

  • $10,000 account balance: trade up to one mini contract (or 10 micro contracts)
  • $25,000 account balance: trade up to two mini contracts (or 20 micro contracts)
  • $50,000 account balance: trade up to five mini contracts (or 50 micro contracts)
  • $100,000 account balance: trade up to 10 mini contracts (or 50 micro contracts)
  • $150,000 account balance: trade up to 15 mini contracts (or 50 micro contracts)
  • $250,000 account balance: trade up to 25 mini contracts (or 50 micro contracts)

This approach enables traders to incrementally increase their trading volume in tandem with the growth of their account balance and earnings.

TradeDay offers traders partnering with the firm access to a variety of financial instruments, enabling them to trade the instruments in which they have the most experience or with which they feel most at ease. These instruments are:

  • Equity futures
  • Foreign Exchange futures
  • Bond futures
  • Agricultural futures
  • Energy futures
  • Metal futures

In other words, TradeDay offers a platform to everyone, from foreign exchange futures traders to energy futures traders.

TradeDay’s customers have a choice of several industry-leading futures trading platforms:

  • Ninjatrader
  • Tradovate
  • TradingView
  • Jigsaw Trading

These platforms offer all the resources and trading tools traders need to aid them in trading efficiently and profitably.

All trading positions must be closed by the end of each day, with the prop firm requiring every position to be finalised at least 10 minutes before the market’s close. Additionally, traders cannot hold open positions over the weekend. These requirements reflect TradeDay’s dedication to fostering day trading strategies, positioning the firm as an optimal choice for day traders.

Traders get to keep the first entire $10,000 they generate in profits. In other words, your profit share is 100% on the first $10k you make. Once you surpass the $10,000 threshold, you will receive a 90% profit share, with the firm keeping the remaining 10% and there are no restrictions on withdrawals. This equitable model enables you to retain most of your earnings while contributing a modest sum to cover the costs of the platform facilitating your trading.

Recognising the pivotal role of effective tools and education in achieving trading success, TradeDay provides an array of resources to both enhance your trading skills and also keep you abreast of market trends. Real-time market commentary and research (updated daily) is of professional quality and comes at no extra cost.

TradeDay caters for traders without any previous experience, with educational programs crafted to foster a comprehensive understanding of markets and trading. Traders already accustomed to the industry can take advantage of complimentary personalised coaching sessions.

TradeDay also emphasise the importance of learning from your fellow traders, organising morning meetings every day and live feeds. Their trader development sections create opportunities for you to connect with other traders to discuss strategies.

TradeDay’s trading platform, versatile and accessible from several operating systems, includes a forum section and live trading room chat for real-time discussions. In addition, the firm offers continuous market analysis and news, meaning it really has got all the bases covered for both novice and more experienced traders.

Recognising the pivotal role of effective tools and education in achieving trading success, TradeDay provides an array of resources to both enhance your trading skills and also keep you abreast of market trends. Real-time market commentary and research (updated daily) is of professional quality and comes at no extra cost.

TradeDay caters for traders without any previous experience, with educational programs crafted to foster a comprehensive understanding of markets and trading. Traders already accustomed to the industry can take advantage of complimentary personalised coaching sessions.

TradeDay also emphasise the importance of learning from your fellow traders, organising morning meetings every day and live feeds. Their trader development sections create opportunities for you to connect with other traders to discuss strategies.

TradeDay’s trading platform, versatile and accessible from several operating systems, includes a forum section and live trading room chat for real-time discussions. In addition, the firm offers continuous market analysis and news, meaning it really has got all the bases covered for both novice and more experienced traders.

  • Transparent and straightforward rules
  • Generous profit share
  • Free two-week trial for new traders
  • Lots of educational resources
  • A wide variety of trading instruments
  • Several trading platform options
  • Six account sizes cater to a diverse range of trading styles and preferences
  • Impressive Trustpilot score reflects excellent service
  • The Evaluation challenge can prove difficult for new traders
  • No trading during significant news events
  • Positions cannot be held overnight
  • Higher fees for bigger account sizes

TradeDay has effectively established a unique presence in the prop trading industry, with a notable model centred around its Evaluation challenge and complemented by a wealth of resources. Their clear-cut rules, coupled with a generous profit share, present an appealing proposition for all traders, from those just starting out in the industry through to seasoned professionals.

While the Evaluation challenge may be difficult for some new traders, its requirements are a fair way to test the skills of aspiring traders. The wide array of trading instruments and platform options enhances the overall trading experience. Even with restrictions on holding trades overnight and trading during significant news events, TradeDay is a versatile futures trading platform.

The firm’s appeal is extended by excellent educational resources, professional-standard trading tools and up-to-date market analysis. Moreover, its impressive Trustpilot score is indicative of TradeDay’s dedication to providing high-quality customer service and nurturing the careers of its futures traders. The ascension of TradeDay as a significant player in the prop trading industry is well-earned. We recommend that all traders, new and experienced alike, join this esteemed prop firm today to kick-off or advance their trading careers.

Please refer to the following pages of our website to read about similar other Futures Prop Firms in the industry: Earn2Trade Review

  • You must have a live membership in order to have your trading evaluated. You cannot cancel your membership and continue to buy resets.

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The monthly subscription gives you access to TradeDay’s member’s area and one free evaluation.

Your first payment starts on the day you sign up for a paid membership, then it will recur monthly until you pass the evaluation, or choose to cancel your subscription. 

You do not need to pass the evaluation within one month, you can take as long as you like to pass. If you are in an active evaluation, the evaluation challenge will not reset when your monthly subscription renews.

If you fail the evaluation you can reset your challenge and start again for a separate fee of $99, this does not affect your monthly billing which is independent of the evaluation.

You can reset your challenge as many times as you like, reset tokens are available for purchase within the site.

Yes, you can cancel at anytime.

But please note that you will not be evaluated after you have canceled your subscription, TradeDay requires an live subscription in order to evaluate your trading.

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It’s a straightforward process.

Navigate to the drop-down menu at the top right of any page in the member’s area, and from there select CANCEL MEMBERSHIP, from here you will be able to cancel your account immediately.

Billing stops as soon as you cancel.  

You will immediately receive an email confirming your cancellation and your credit card will not be charged again. 

We will close down access to your trading account with our broker (so, before you cancel, make sure you’ve saved any data you wanted to save).

You can upgrade from the 14-Day Free Trial, or our Research and Resources membership to an evaluation at any time. 

Unfortunately, we do not allow members to upgrade or downgrade between evaluations at any time.

However, you can cancel your current membership and start a different membership, but this will restart the evaluation. 

This depends.

Unfortunately, technology failure is part of the risk of trading. But fortunately, the broker platforms, clearing firms, and Exchanges of today run systems that are very stable. 

However, like all technology, from time to time a link in the chain can break, and traders may experience an issue that causes unforeseen losses.

If you experience a technical issue we will look into it for you. If there is found to be no issue with the brokers platform, the the issue was local to you and likely related to your set up. In these instances we will not reset accounts for free.

However, if the issue was caused by an interruption to the service at the broker, there may be  justification for offering traders resets for evaluations for free. TradeDay will make a decision based on the nature of these occasions and will evaluate each occurrence on a case-by-case basis.

TradeDay will then notify traders via forums and/ or email if there is an opportunity for a compensation reset.

TradeDay will not compensate for actual trading losses in Funded Live accounts.

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