REVIEW SUMMARY
TradeDay is a Futures prop firm, located in Chicago, USA. It was founded in 2020.
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Metals Futures.
Max balance: $250,000
Profit split: 90%
Cost: from $99/month
Platforms: TradingView, NinjaTrader, Tradovate, Jigsaw Daytradr.
PROS & CONS
What I like:
What could be improved:
TradeDay is a prop trading firm located in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from TradeDay.
Here’s what you’re going to learn:
TradeDay is a prop firm located in Chicago, United States.
TradeDay is a prop firm that funds traders to trade Futures. You can trade the most liquid products from CME (CME, CBOT, NYMEX) Futures assets, including the Micros.
Here’s a list of all of the instruments that you can trade with TradeDay:
TradeDay has five different account sizes, that you can choose from. The balances available start at $50,000 and go up to $250,000.
The costs start at $165 per month for the smallest account and go up to $750 per month for the bigger account size.
There’s no leverage, the trading account balance is the buying power, meaning that the leverage is 1:1.
Your limits are defined by the maximum number of contracts that you can trade, which depends on your account size and profit.
| Account Balance | Maximum number of contracts |
|---|---|
| $10,000 | 1 mini (10 micros) |
| $25,000 | 2 mini (20 micros) |
| $50,000 | 5 mini (50 micros) |
| $100,000 | 10 mini (50 micros) |
| $150,000 | 15 mini (50 micros) |
| $250,000 | 25 mini (50 micros) |
Initially, you get a 100% payout. This is valid for the first $10,000 you make.
After that, TradeDay has a profit split of 90/10. This means that the trader gets 90% of the profits and the prop firm keeps 10% of the profits to them.
According to Trustpilot, TradeDay is classified as excellent. It’s scoring 4.6/5.0 after 100 reviews.
Depending on the account size that you are trading, you have different profit target goals and maximum drawdowns to avoid.
These rules are the same regardless of the account size that you’re applying to:
Besides those rules, you also have a profit target and drawdown limits that are different depending on the account size. Here they are:
| Account | 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%) |
Important to mention that this prop firm’s evaluation has one single step, unlike other firms that typically have two steps.
TradeDay allows the use of algorithms and auto trading. To do that you need to use one of their supported platforms that support automated trading systems: NinjaTrader, Tradovate, TradingView, and Jigsaw.
TradeDay offers a 14-day free trial. Use the link below to get it.
You can reset and repeat the evaluations as many times as you want. This can be done every time that you renew your subscription.
TradeDay has frequent discounts throughout the year. Use the link below and the coupon: LFT to get at least 20% off on your purchase:
TradeDay provides access to the major futures trading platforms to trade.
Holding trades after the close of the day is not permitted. All positions must be closed 10 minutes before the market close.
Leaving positions open for the weekend is also not allowed.
TradeDay is aligned with day traders and day trading strategies. If you have a different trading style, you may want to check an alternative (more below in this article).
You cannot trade important new releases. If you want to trade during news events check one of the TradeDay alternatives.
Here are all the payment types accepted by TradeDay:
Yes, TradeDay is a legit company.
Here are their contacts:
There’s also live chat support on their website.
Here is a list of the best TradeDay alternatives:
For more alternatives check our alternative prop firm tool:
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