TradeDay at a glance
TradeDay is a proprietary trading firm based in United States, in business since 2020.
- Account sizes on sale
- $100K
- programmes, across 3 plans
- 3
- Cheapest plan
- $200
On the record
- Based in
- United States
- Founded
- 2020
- Chief executive
- James Thorpe
- Trades through
- Tradovate Holdings, LLC
- Platforms
- NinjaTrader and TradingView
- Instrument types
- Futures
Pay for a plan with
- Credit/Debit Card
- PayPal
Get paid by
- Riseworks
What TradeDay sells
3 plans in 3 programmes: 3 one-step evaluations.
1-stepEOD Evaluation - 1-Step - 100K1-step
The rules
- Payout schedule
- On Demand; After clearing the Buffer Zone
On this programme
- News tradingNot allowed
- Copy tradingNot allowed
- Expert advisors (EAs)Allowed
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Account sizes
- $100K
Per-size prices are published on the firm’s site, not on this record.
1-stepIntraday Evaluation - 1-Step - 100K1-step
The rules
- Payout schedule
- On Demand; After clearing the Buffer Zone
On this programme
- News tradingNot allowed
- Copy tradingNot allowed
- Expert advisors (EAs)Allowed
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Account sizes
- $100K
Per-size prices are published on the firm’s site, not on this record.
1-stepStatic Evaluation - 1-Step - 100K1-step
The rules
- Payout schedule
- On Demand; After clearing the Buffer Zone
On this programme
- News tradingNot allowed
- Copy tradingNot allowed
- Expert advisors (EAs)Allowed
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Account sizes
- $100K
Per-size prices are published on the firm’s site, not on this record.
Compare all 3 programmes side by side
| Programme | Type | Sizes | Split | Target | Max drawdown | Daily loss | Min days | Leverage | Fee refund |
|---|---|---|---|---|---|---|---|---|---|
| EOD Evaluation - 1-Step - 100K | 1-step | $100K | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded |
| Intraday Evaluation - 1-Step - 100K | 1-step | $100K | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded |
| Static Evaluation - 1-Step - 100K | 1-step | $100K | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded | Not recorded |
How TradeDay pays
Payouts are made by Riseworks.
- Payout methods
- 1
- Payout schedules stated
- 1
Paid out by
- Riseworks
Payout schedules, in the firm’s words
On Demand; After clearing the Buffer Zone
EOD Evaluation - 1-Step - 100K, Intraday Evaluation - 1-Step - 100K, and Static Evaluation - 1-Step - 100K
Payout policy
Withdrawal buffer rules: Traders cannot make a withdrawal request until they have cleared the buffer.
Traders can draw down into the buffer when they have cleared the buffer.
Minimum payout request is $250.
Traders can withdraw profits whenever they like, and there are no restrictions on the frequency of withdrawals.
Traders cannot take a withdrawal until their Trailing Maximum Drawdown (TMD) has moved to the opening account balance. This is often referred to as having cleared the buffer.
TradeDay offers profit split of:
- 80% profit share on the first $50K of lifetime withdrawals
- 90% profit share from $50K to $100K
- 95% profit share beyond $100K
- Buffer zone funds are available anytime but are subject to a 50% profit share
What you can trade
1 asset class, traded as Futures.
Asset classes
- Futures
Instrument types
- Futures
Trading costs
Commission details can be found via this link below https://tradeday.freshdesk.com/en/support/solutions/articles/103000008893-how-much-are-trading-commissions-
What TradeDay lets you do
Across all 3 plans, as recorded programme by programme.
- News tradingNot allowed on any plan
- Copy tradingNot allowed on any plan
- Expert advisors (EAs)Allowed on every plan
- Weekend holdingAllowed on every plan
- Overnight holdingAllowed on every plan
- Stop lossNot required on any plan
Consistency rules
Consistency Rule of 30%: Only during the evaluation phase, profits on a single trading day must not exceed 30% of the profit target. There is no consistency objective for funded traders.
Firm rules
News Trading
Restriction to open any positions and be working no orders in the order book, from 2 minutes before the data release until 2 minutes after the data release.
Copy Trading Rule
- Trade copiers are allowed from your personal accounts elsewhere into your TradeDay account.
Consistency Rule
Profits during one single trading day should not exceed 30% of the profit target. There is no consistency objective for funded traders.
Minimum of 5 Days Objective
Minimum of 5 days of trading in order to complete this objective. No need to be consecutive. Traders finishing the profit target and the consistency objectives before completing 5 days are required to continue to trade in the style they have been. Microtrading is not allowed.
Expert Advisors
- Expert advisors are allowed; however, algos and bots purchased from a third party and employed by the trader are forbidden. If multiple users are making the same trades, then all the accounts will be shut down and the users suspended.
- Using automated trading systems designed to scalp at an extremely high frequency is prohibited.
- Strategies that produce more than 200 trades in a day is prohibited.
Gap Trading
Entering trades specifically in gapped, illiquid markets to benefit from isolated/stray fills are not allowed.
Hedging prohibited
Simultaneously going long in one account and short in another account in the same product.
VPN Usage
Using a VPN or VPS to mask the location of trading is not allowed.
Exploiting System Errors
Not allowed to use any trading strategy intended to exploit or create errors in the services, such as errors in the display of prices or delays in their updates.
Live Funded Account Rule
Traders can only have one Funded Live account. When in Funded Live, you will not be able to purchase additional accounts.
Unrealistic Contract Volume
Trading an excessive or unrealistic number of contracts in the day is not allowed.
Inactivity Rule
Accounts inactive for a period of 45 days without prior consent are considered dormant and will be closed.
Prohibited Trade Practices
Funded Sim Milestones
- Funded Sim milestones are key points where a trader’s performance is reviewed by the Head of Trading as part of the progression toward a Live Account.
- Profit milestones are set at every $5,000 in gross profits, up to $20,000.
- In addition, TradeDay may consider transitioning a trader to a Live Account once the third withdrawal request has been made on the funded account. For full details, please visit the guide.
Where TradeDay does not take traders
Residents of 78 countries cannot open an account with TradeDay.
- Afghanistan
- Albania
- Algeria
- Angola
- Barbados
- Belarus
- Bosnia and Herzegovina
- Botswana
- British Virgin Islands
- Bulgaria
- Burkina Faso
- Burundi
- Cameroon
- Cayman Islands
- Central African Republic
- Croatia
- Cuba
- Democratic Republic of the Congo
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- Ecuador
- Ethiopia
- Ghana
- Gibraltar
- Guam
- Guyana
- Haiti
- Iceland
- Indonesia
- Iran
- Iraq
- Ivory Coast
- Jamaica
- Jordan
- Kosovo
- Laos
- Lebanon
- Liberia
- Libya
- Mali
- Malta
- Mauritius
- Monaco
- Mongolia
- Montenegro
- Morocco
- Mozambique
- Myanmar
- Namibia
- Nepal
- Nicaragua
- Nigeria
- North Korea
- North Macedonia
- Pakistan
- Panama
- Papua New Guinea
- Philippines
- Puerto Rico
- Romania
- Russia
- Senegal
- Serbia
- Slovenia
- Somalia
- South Africa
- South Sudan
- Sri Lanka
- Sudan
- Syria
- Tanzania
- Trinidad and Tobago
- Tunisia
- U.S. Virgin Islands
- Uganda
- Ukraine
- Venezuela
- Vietnam
- Yemen
- Zimbabwe
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