TradeDay
Going Live
2020
HQ
United States
CEO
James Thorpe
Website
tradeday.com
Trustpilot
4.7
Our Take on TradeDay
TradeDay is exceptionally good at identifying customers’ needs and implementing changes to their funded trading challenges. Traders now can have up to 6 trading accounts at the same time, payouts are made within 24 hours, and the current promotion comes with a 40% discount, $0 activation fees for funded accounts, and resets starting from just $59. The popularity of TradeDay continuously grows, and the wide variety of available trading platforms, fair trading challenge rules, and considerable pricing make the prop firm a good choice for beginners and active traders.
Prop Firm Details
|
Trading Instruments: |
Futures |
|
Futures Assets: |
Futures and Micro Futures |
|
Challenge Types: | |
|
Activation Fee: |
$0 |
|
Consistency Rule: |
30% |
Prop Firm App is reader-supported. If you click on a link, our partners may compensate us.
EOD Drawdown Evaluations
| Prop Firm | Account Size | Max. Position Size | Profit Split | Profit Target | Daily Loss Limit | Trailing Drawdown | Price | Discount |
|---|---|---|---|---|---|---|---|---|
|
50K | 5 Contracts | 80%-95% | $3,000 | none | $2,000★ | $165 | 👛 40% Off, now $99 |
|
100K | 10 Contracts | 80%-95% | $6,000 | none | $3,000★ | $275 | 👛 40% Off, now $165 |
|
150K | 15 Contracts | 80%-95% | $9,000 | none | $4,000★ | $375 | 👛 40% Off, now $225 |
Intraday Drawdown Evaluations
| Prop Firm | Account Size | Max. Position Size | Profit Split | Profit Target | Daily Loss Limit | Trailing Drawdown | Price | Discount |
|---|---|---|---|---|---|---|---|---|
|
50K | 5 Contracts | 80%-95% | $3,000 | none | $2,000★ | $99 | 👛 40% Off, now $59 |
|
100K | 10 Contracts | 80%-95% | $6,000 | none | $3,000★ | $200 | 👛 40% Off, now $120 |
|
150K | 15 Contracts | 80%-95% | $9,000 | none | $4,000★ | $300 | 👛 40% Off, now $180 |
Static Evaluations
| Prop Firm | Account Size | Max. Position Size | Profit Split | Profit Target | Daily Loss Limit | Trailing Drawdown | Price | Discount |
|---|---|---|---|---|---|---|---|---|
|
50K | 1 Contract | 80%-95% | $1,500 | none | $500★ | $150 | 👛 40% Off, now $90 |
|
100K | 2 Contracts | 80%-95% | $2,500 | none | $750★ | $250 | 👛 40% Off, now $150 |
|
150K | 3 Contracts | 80%-95% | $3,750 | none | $1,000★ | $350 | 👛 40% Off, now $210 |
Please note, in Static Evaluations the value under “Trailing Drawdown” is a static drawdown, so the drawdown level never moves.
Account Size
The account size value stands for the buying power of the account. Example: 50K equals an account with $50,000 of buying power.
Max. Position Size
The maximum position size of futures contracts (e.g., E-Mini S&P 500) allowed in the prop firm account challenge. Example: 5 Contracts = five futures contracts can be held at any given time.
Profit Split
The percentage of profits a trader can withdraw to his bank account. Example: 90% means the trader can withdraw 90% of the profits.
Profit Target
The defined profit target has to be reached to complete the challenge successfully and get funded. Example: A $2,000 profit target equals the amount of profits needed to succeed in order to get funded.
Daily Loss Limit
The daily loss limit value, which is based on the balance of the account on the morning of a trading day. Example: If the account balance in the morning is $53,500 and the daily loss limit is $1,000, then the account should stay above $52,500 on that day.
Trailing Drawdown
There are three types of “trailing drawdown” calculation methods: End-of-day calculation (★) – calculated daily after market close, Real-time intraday calculation (★) – calculated in real time during trading hours, and Static (★) – with a stop level that never moves.
Read Customer Reviews tradeday.com
TradeDay currently has a Trustpilot rating of 4.7 out of 5, based on 973 reviews, which is categorized as Excellent. Thereof, 362 reviews are from people invited by the prop firm using Trustpilot’s supported invitation methods. The most recent reviews are predominantly positive.