TradeDay
CEO
James Thorpe
Country
US
Date Created
Jan, 2020
Years in Operation
6
Restricted Countries
Afghanistan
Belarus
Central African Republic
Cuba
Iran
Iraq
Libya
Mali
Myanmar
North Korea
Russia
Somalia
South Sudan
Sudan
Syria
Venezuela
Yemen
Platforms:
Tradovate
Payment Methods:
Payout Methods
Assets
What Is TradeDay?
TradeDay is a Chicago-based, evaluation-driven futures prop firm founded in 2020 by traders with over 80 years of combined industry experience. Traders pay a monthly subscription fee, pass a single-phase evaluation under defined risk rules, and advance to a funded Performance Account with real profit payouts. No personal capital is put at risk in the markets.
What sets TradeDay apart is its three-drawdown-type system — Intraday, End-of-Day, and Static — giving traders more structural choice than almost any competitor. Combined with day-one payout eligibility, a tiered lifetime profit split that scales to 95%, no daily loss limit, and a 28.2% disclosed evaluation pass rate, TradeDay has built a strong reputation as one of the most trader-friendly funded futures programs available.
Evaluation Rules
TradeDay uses a single-phase evaluation with no Phase 2. Traders must hit a profit target over a minimum of 5 trading days while staying within their chosen drawdown type. There is no hard expiry date and no daily loss limit — the drawdown threshold is the only account-ending rule.
This rule applies during evaluation only and catches more traders than any other requirement. No single day's profit can exceed 30% of your total profit at the time you submit for funding. If you have a monster session early in the evaluation, your effective profit target increases automatically — you must generate enough additional profit from other days to push the big day below the 30% threshold. Spread your trading across at least 6–7 days and avoid going aggressive before you have sufficient baseline days logged.
Account Sizes & Pricing
TradeDay offers three account sizes — $50K, $100K, and $150K — each available across three drawdown types. Monthly fees range from $125 to $350 depending on the combination chosen, with promotional discounts regularly reducing costs by up to 30%. Reset fees run $119–$159 depending on the plan.
The End-of-Day plan is recommended for most traders. The intraday trailing mechanic — which tracks unrealized equity in real time — punishes normal drawdowns in a way that EOD does not. The additional monthly cost is worth the structural protection it provides.
| Account Size | Monthly Fee | Profit Target | Trailing Drawdown | Contracts |
|---|---|---|---|---|
| $50,000 | $175/mo | $3,000 | $2,000 (EOD) | 5 |
| $100,000 | $275/mo | $6,000 | $3,000 (EOD) | 10 |
| $150,000 | $375/mo | $9,000 | $4,500 (EOD) | 15 |
| Account Size | Monthly Fee | Profit Target | Trailing Drawdown | Contracts |
|---|---|---|---|---|
| $50,000 | $125/mo | $3,000 | $2,000 (Intraday) | 5 |
| $100,000 | $200/mo | $6,000 | $3,000 (Intraday) | 10 |
| $150,000 | $300/mo | $9,000 | $4,000 (Intraday) | 15 |
| Account Size | Monthly Fee | Profit Target | Static Drawdown | Contracts |
|---|---|---|---|---|
| $50,000 | $165/mo | $1,500 | $500 (Fixed) | 1 |
| $100,000 | $250/mo | $2,500 | $750 (Fixed) | 2 |
| $150,000 | $350/mo | $3,750 | $1,000 (Fixed) | 3 |
Funded Account & Payouts
Once a trader passes the evaluation, they advance to a Funded Sim account. The consistency rule is removed at this stage — only the chosen drawdown type applies going forward. Payout eligibility begins from day one, provided the account balance has cleared the buffer threshold (starting balance plus the full drawdown amount). Withdrawals are typically processed within 24 hours.
Platforms & Instruments
TradeDay supports seven trading platforms, one of the broadest selections in the futures prop space. NinjaTrader and Tradovate cover the majority of traders, while TradeDayX is the firm's own proprietary browser-based platform requiring no installation. Jigsaw Daytradr, Quantower, ATAS, and TradingView round out the lineup for order-flow and technical traders.
Pros & Cons
- ✓Three drawdown types — Intraday, EOD, Static
- ✓Day-one payout eligibility, processed within 24 hours
- ✓Tiered profit split scaling to 95% lifetime
- ✓No daily loss limit — drawdown is the only termination trigger
- ✓Consistency rule removed entirely at funded stage
- ✓Single-phase evaluation — no Phase 2
- ✓28.2% disclosed evaluation pass rate — unusually high vs. industry norm
- ✓Seven supported trading platforms
- ✓EAs and algorithmic trading permitted under fair-use policy
- ✓CoPilot membership provides daily webinars and mentoring
- ✓Best Payout Policy Award — FundedTrading Awards 2025
- ✗30% consistency rule during evaluation catches traders who have a single big day early
- ✗No overnight holding — all positions must be closed by 5:00 PM ET
- ✗News trading restricted during the evaluation phase
- ✗Gold, silver, copper, and platinum full-size contracts restricted as of February 2026
- ✗Maximum account size capped at $150K — lower than some competitors
- ✗Buffer threshold must be cleared before any payout — easy to misjudge on first withdrawal
MarketGrid Verdict
TradeDay stands out in 2026 as one of the most structurally well-designed futures prop firms available. The three-drawdown-type system gives traders a genuine choice that no competitor matches — particularly the EOD option, which eliminates the unrealized equity trap that derails traders at intraday-only firms. The day-one payout structure, 95% lifetime profit split, and a disclosed 28.2% evaluation pass rate are rare differentiators backed by a track record since 2020.
The 30% consistency rule and overnight prohibition are real constraints that require strategic planning during the evaluation. Traders who rush to hit target in three days on a single big session will run into problems. Approach it patiently, spread your trading across 6–7 days, and TradeDay's payout policy and rule structure genuinely reward disciplined futures traders better than most firms in the space.
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