TradeDay is a US-based prop trading firm that provides a broad range of funded trader programs (50K, 100K, and 150K accounts) ranging from $99 to $375 monthly recurring participation fees. The account types include static, end of day and intraday trailstop accounts. Traders can trade up to 6 accounts at the same time and payouts are processed within 24 hours. One of their main goals is to help traders become consistent winners by providing a supportive environment and resources to improve their skills.
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What is TradeDay?
TradeDay is a prop trading firm that trades futures. As a top player in the space TradeDay offers a place for traders to develop and profit. With a big emphasis on education and support TradeDay gives its members the tools and resources to succeed in the crazy world of futures trading. TradeDay’s focus on building a community of successful traders is what sets it apart so whether you’re a new or experienced trader looking to improve your skills and make consistent profits it’s the place to be.
How TradeDay Works
TradeDay is a prop trading firm, it gives its members a simulated trading environment to develop their skills and build profitable trading strategies. The evaluation process is designed to find traders who can hit a profit target and in return gives them a funded trading account. TradeDay’s approach is to build a community of traders who can learn from each other and grow together. By developing profitable traders through rigorous evaluation and continuous support TradeDay makes sure its members are equipped to handle the crazy world of futures trading.
Is TradeDay a Legit Prop Trading Firm?
TradeDay officially discloses their company details on their website:
- TradeDay LLC, 2nd Floor, 412 S.Wells, Chicago, Illinois. 60607
- Email: support@tradeday.com
- Phone: +1 (872) 222 7850
On Trustpilot, TradeDay has an excellent reputation, with an average rating of 4.6/5 based on 847 reviews (as of June 2025).
What Assets Can You Trade with TradeDay?
TradeDay specializes in futures trading, which includes 50+ available instruments listed on CME, CBOT, COMEX and NYMEX.
- Equity Futures: 5 major equity futures (ES, NQ, RTY, NKD, YM)
- Currency Futures: 7 currency futures (6A, 6B, 6C, 6E, 6J, 6S, 6N)
- Interest Rate Futures: 6 major interest rate futures (ZT, ZF, ZN, ZB, UB, TN)
- Energy Futures: 4 energy futures (CL, QM, QG, NG)
- Metal Futures: 4 metal futures (HG, GC, SI, SIL)
- Agricultural Futures: 8 agricultural futures (HE, LE, ZS, ZC, ZL, ZM, ZW)
- Micro Futures: 8 micro futures (MES, MNQ, M2K, MYM, M6E, MCL, MGC)
Trading of crypto, CFDs, options, forex and stocks is not available in the TradeDay program.
TradeDay Account Sizes and Contract Limits
New: With all discounts below, you’ll ensure that you dont pay an activation fee once funded (this saves you another $139 besides the 30% Off of any account size). You can trade up to 6 accounts at the same time with TradeDay.
| Account Size 💰 | Trailstop Type 🚀 | Costs 👛 |
|---|---|---|
| 50K | Intraday | |
| 50K | Static | |
| 50K | End Of Day | |
| 100K | Intraday | |
| 100K | Static | |
| 100K | End Of Day | |
| 150K | Intraday | |
| 150K | Static | |
| 150K | End Of Day |
TradeDay has different account sizes to suit different trading needs and budgets. The account sizes are 50K, 100K and 150K, with corresponding contract limits based on the account size and the trader’s profit. The contract limits are designed to help traders manage their risk and maximize their profits. For example a $50,000 account can trade 5 futures or 50 micro-futures contracts, a $150,000 account can trade 15 mini or 50 micro contracts.
The 3 Main Objectives (Profit Target and More)
To qualify for a funded account with TradeDay, you have three objectives to meet during the evaluation phase:
- Make Money: You need to trade until you reach the profit target defined per tier. The profit target is not a fixed percentage but a fixed absolute value.
- Track Record: There is a need to trade at least 10 days during the evaluation period to qualify for a funded account. There is no time limit to achieve the goal.
- Be Consistent: TradeDay requires you to have consistent profits. If you have, for example, one great day and 9 losing days, TradeDay doesn’t fund you. No single day’s profit is allowed to exceed 30% of your total profits made. If your best day exceeds 30%, your profit target absolute value will increase to “best day” divided by 30%.
That’s it for the 3 main objectives. The consistency rule can be problematic because, in natural trading, you also have a small percentage of trades that make the overall profit. Many are typically breakeven, and sometimes you lose. The consistency rule forces you to cut your profits early.
The 3 Rules You Should Never Break
To qualify for a funded account, you have to remember three rules you should never break. If you break those rules, you get disqualified:
- Permitted Times: With TradeDay, you are only allowed to day trade. All trades have to be closed before the end of the day. It is your responsibility to close those trades early enough before the exchange closes. Also, you are not allowed to have any working orders in the order book 2 minutes before and after a data release, which TradeDay defines as tier 1 data, like FOMC minutes, US CPI, Crude Oil Inventories etc. Breaching this rule ends up in failure of evaluation and, for funded traders, the loss of their funded account.
- Permitted Products: There is a list of permitted products provided by TradeDay, and you can only trade those futures contracts. I listed the currently permitted ones at the beginning, but you should always check the list before you trade.
Profits made in phase one of the evaluation can’t be withdrawn. But once you make profits in the funded trader account stage, you can withdraw profits.
Trader Funding
Once you pass your challenge in the evaluation process, you continue trading in a Funded Sim and then a Funded Live account. If you decide on the Funded Sim account, you continue in a simulated environment without monthly exchange fees. After evaluation, you can also directly start with the Funded Live account.
Payout Options
As of June 2025, payouts can be processed via RiseWorks, which supports bank wire to everywhere in the world, ACH transfer to US bank accounts, and PayPal. Payouts are processed within 24 hours.
Bottom Line
I think TradeDay does a lot of things right. They offer an excellent profit split, education, mentoring, a community and a trading desk. The 24-hour payout processing is leading in the prop-firm industry. Multi-accounts where requested by many clients and now you can have up to 6 accounts at the same time. The Trustpilot ratins are excellent, the trading platform offering includes all leading names (NinjaTrader, Tradovate, Tradeday X, and more).
Before getting started, you should go through the FAQ section on their site, where you will find 100+ articles with in-depth insights. The only thing I did not find there was the information about the broker used with the live-funded account and the commissions per traded futures contract.
Apex Trader Funding is an alternative to TradeDay for futures trading focused traders. Consider reading my Apex Trader Funding review for more insights.
Pros
- Excellent Trustpilot review ratings
- Competitive pricing structure
- Free level 1 data feeds for CME, CBOT, COMEX, or NYMEX
- Great profit split conditions (up to 95% for the trader)
- Payouts via bank wire globally, ACH transfer to US-based bank accounts, PayPal.
Cons
- No instant-funded accounts available
- Broker not disclosed
FAQs
Does TradeDay Offer Instant Funding Accounts?
No. TradeDay does not offer any no-evaluation or instant funding accounts. You can only start 1-step trading challenges. That means once you pass the challenge, you move over to an account where you earn based on the profit split from the profits made.
Does TradeDay Offer One-Phase Evaluations?
Yes. TradeDay offers one-phase evaluations with all of their funded account plans. You can choose between the following account sizes (all prices are monthly recurring prices): $50k tier for $99-$165, $100k tier for $220-$275, and $150k tier for $300-$375. A one-phase evaluation means you go through one evaluation phase until you get rewarded with a TradeDay account, where you can earn profits ready for withdrawal to your bank account. The rules across all one-phase funding account sizes are similar. You have unlimited trading days, and you can take all the time you need. Yet, you need to place at least one trade every 60 days to keep your account active and avoid suspension due to inactivity.
Alexander Voigt • Senior Editor & Founder of DAYTRADINGz
Alexander is a day trader and investor with over 20 years of experience analyzing and trading the financial markets. He wrote for Benzinga and Equities.com and has been quoted on leading financial websites such as Business Insider, Investors.com and Forbes.