Tradeday
Best ValueTrack Record
2020 - founded January 2020 by James Thorpe and Steve Miley
Country
US
CFP Score
8.0
30% OFF
Tradeday discount code COMPARE get 30% off
How To Apply
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Choose account size and evaluation type.
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Pros
- Day-one payouts processed within 24 hours via Riseworks once buffer clears
- No daily loss limit on any account - only the trailing drawdown applies
- No consistency rule on funded accounts (eval only)
- EOD trailing drawdown option - floor only moves on realized close, and freezes at starting balance
- $0 activation fee under TradeDay 2.0
- 7 platform options via CQG - more than most competitors
- 90/10 split on Funded Live accounts; reported 28.2% pass rate, higher than Topstep (~12.4%) and Apex (~15%)
Cons
- 50/50 profit split on the first $4,000 of Funded Sim profit (Quick Pay)
- No overnight or weekend holding - positions close by 3:50 PM CT, eliminating swing trading
- News trading restricted - auto-liquidation 2 minutes before/after Tier 1 releases (FOMC, CPI, NFP)
- 30% eval consistency rule (Quick Pay) silently raises your profit target if exceeded
- Capped at 3 funded sim accounts - lower than competitors like Bulenox (up to 20)
Best For
Intraday futures traders
Overview
TradeDay is a Chicago-based futures prop firm founded in 2020 by CME-industry veterans with 80+ years of combined desk experience. Relaunched as TradeDay 2.0 in May 2026, it offers a single-phase evaluation via two routes Quick Pay (5-day minimum, choice of Intraday or EOD trailing drawdown) and Fast Pass (3-day pass, no minimum days) — across $50K, $100K, and $150K accounts. Its standout combination: EOD trailing drawdown, zero daily loss limit, zero consistency rule once funded, and payouts available from day one with 24-hour processing.
Challenge Accounts
Evaluation Models
5 (Quick Pay) / 3 (Fast Pass, no minimum to pass)
Min Trading Days
Minimum active days to qualify
6%
Profit Target
Goal to pass the evaluation
$450,000
Max Funding
Largest account you can scale to
Commission Fees & Pricing
- Drawdown
- $2,000
- Profit Target
- $3,000
- Drawdown
- $2,000
- Profit Target
- $3,000
- Drawdown
- $2,000
- Profit Target
- $3,000
- Drawdown
- $3,000
- Profit Target
- $6,000
- Drawdown
- $3,000
- Profit Target
- $6,000
Financial Markets & Leverage
Drawdown
4%
eod trailing
Trading Platforms
Payments & Profit Payout
Profit Split
Up to 90%
Payout Frequency
Daily
Payout Speed
24 hours
Customer Service & Features
FAQ
Per-account: 50/50 on the first $4,000 of Funded Sim profit, 80/20 above that (Quick Pay); flat 80/20 on Fast Pass; 90/10 once promoted to Funded Live.
No. The only hard limit is the trailing maximum drawdown.
Available from day one once you clear the buffer (starting balance + max drawdown). $250 minimum, processed next business day via Rise typically within 24 hours.
No — all positions must be flat ~10 minutes before market close.
Only during the evaluation (30% Quick Pay / 45% Fast Pass). It's removed entirely once funded.
Perform consistently in Funded Sim (roughly the $20K milestone or after your 3rd withdrawal) and TradeDay can promote you to Funded Live at 90/10.