TradeDay prop firm offers a unique 1-phase evaluation process, allowing traders to showcase their skills with trading on popular platforms like TradingView, NinjaTrader, and Tradovate.
The firm allows automated trading, and with a variety of instruments, such as Gold, Soybeans, Crude Oil, and Nikkei/USD futures, traders can diversify their portfolios.
The firm’s commission structure rates range from $1 to $4, depending on the asset class.
TradeDay prop firm company overview
TradeDay, a U.S.-based prop firm founded in 2020, offers flexible funded trading accounts from $10,000 to $250,000.
With a simple single-step evaluation and a team boasting 80+ years of experience, TradeDay specializes in futures trading on major exchanges like CME and CBOT.
Traders can use popular platforms such as Tradovate, NinjaTrader, and TradingView, making it an appealing choice for aspiring futures traders.
TradeDay’s specifications summary
TradeDay's unique combination of a single-step evaluation process, high-profit split, and allowance for automated trading systems sets it apart in the competitive world of prop firms.
Account currency | USD |
Minimum price | $59 |
maximum leverage | N/A |
maximum profit split | 90% |
Instruments | Equity Index, Bond, Energy, Metals, Agricultural Contracts |
Assets | Soybean, Gold, Oil, Ultra Bond, Nikkei/USD |
evaluation steps | 1-step |
Trading platform | Tradovate, NinjaTrader, TradingView, Jigsaw |
Withdrawal methods | Crypto, Bank Transfer/Wire Transfer |
maximum fund size | $150,000 |
First profit target | 6% |
Max. daily loss | 3% |
Challenge time limit | Not Limited |
news trading | No |
Maximum total drawdown | 3% |
commission | Ranges from $1 to $4 |
trust pilot score | 4.6 |
payout frequency | Not Limited |
established country | USA |
established year | 2020 |
TradeDay prop firm pros & cons
Let's weigh the advantages and disadvantages of trading with TradeDay:
Pros | Cons |
High-profit split (90% after first $10,000) | Restrictions on news trading |
Single-step evaluation process | Monthly fees for evaluation accounts |
Allows automated trading systems | Limited to futures trading |
Multiple trading platforms are available | Stricter evaluation rules compared to some competitors |
Access to major futures exchanges | - |
Supportive trading community | - |
Transparent evaluation and payout process | - |
While TradeDay offers numerous benefits, particularly for futures traders, it's important to consider the restrictions and fees associated with their program.
TradeDay prop firm funding & pricing
Let's review the current pricing structure of trading challenges in the TradeDay prop firm.
Account Type | Intraday | End of Day | Static |
$50,000 | $59 | $99 | $90 |
$100,000 | $120 | $165 | $150 |
$150,000 | $180 | $225 | $210 |
TradeDay Registration & Verification Steps
Traders can easily open a new trading account with TradeDay by following a few simple steps. TradeDay registration:
#1 Visit the TradeDay Website
First, search for TradeDay on your favorite browser and enter it. Then, choose your evaluation model.
#2 Provide Personal Information
Now, type in the following information:
- Full name
- Address
- Postal Code
- Phone Number
#3 Pay the Challenge Fee and Verify Your Account
Provide the required billing details and buy your evaluation. After passing it, the prop firm will ask you to provide proof of identity and proof of address documents to verify your account.
TradeDay’s Evaluation Steps
There are various evaluation programs in the TradeDay prop firm, allowing them to choose the one most compatible with their trading preferences.
Account Type | Intraday | End of Day | Static |
Profit Target | 6% | 6% | 2.5% |
Drawdown Limit | 3% | 3% | 0.75% |
TradeDay’s bonuses and discounts
There are some appealing bonuses and discounts for TradeDay’s traders. TradeDay bonus:
- 20% Discount: Use the code "MATCH" to get 20% off the monthly subscription fee for any evaluation program
- 14-Day Free Trial: Traders can try out educational resources and the simulated trading platform for free before committing
- First $10,000 Profit: Keep 100% of your first $10,000 in profits after getting funded
These benefits help reduce costs and increase earning potential for traders.
TradeDay Rules
TradeDay has set various rules and trading conditions to ensure traders will perform strict risk management techninches and follow the platform guide lines to avoid account termination. TraderDay rules:
- VPS and VPN Usage: Security checks occur before funding, at milestones, or during payout requests
- Hedging: This Trading strategy is banned entirely
- Expert Advisors: No specific rules or conditions
- Gambeling and risk strategies: Strategies that employ significant unmanaged risk or use the exploits in the system are banned
- News Trading: trading during Tier-1 news is restricted; violations may result in account loss
VPS, VPN & IP-Masking Restrictions
Use of VPS, VPN, or any tool that hides IP location (including Apple Private Relay or browser extensions) is prohibited. Traders must disable such services and trade from the registered IP location. When detected, traders must complete one full day of trading with:
- Similar asset types
- Average trade duration
- Comparable trade count
This applies when:
- Upgrading to Funded Live
- Requesting Funded Sim payouts
- Hitting Funded Sim milestones
Inability to comply or failed background checks (e.g., felony convictions) cancels funding. Evaluation pass fees are refundable, but failed evaluations or active subscriptions are not.
Hedging Policy
TradeDay disallows hedging, opening opposing trades on the same asset across accounts.
Expert Advisors
TradeDay does not enforce specific rules for Expert Advisors (EAs), but traders must still avoid prohibited behaviors.
Banned Strategies
TradeDay does not permit:
- Use of third-party trading bots or Automated Trading Systems (ATS), especially if shared among users.
- Scalping strategies and systems executing more than 200 trades per day or engaging in queue-based exploitation.
- Spoofing, layering, and order-splitting (placing multiple identical orders simultaneously).
- Exploiting sim features like unrealistic stop-loss execution or lack of slippage (e.g., bracketing news).
- Trading illiquid, gapped markets or outside the best bid/offer for advantage.
- Use of slow or external data feeds.
- Coordinated activity between connected accounts or accounts at different firms to manipulate outcomes.
- Opening multiple accounts with different credentials to bypass rules.
Tier-1 News Trading
TradeDay automatically liquidates all open trades 2 minutes before Tier-1 economic news releases and resumes trading 2 minutes after. Violations will not cause automatic failure but repeated abuse leads to account suspension.
Traders are responsible for being aware of when news events occur. Tier-1 Events Include:
Event | Time (CT) | Instruments |
FOMC Minutes & Rate Decision | 1:00 PM | All Products |
US CPI / NFP Report | 7:30 AM | All Products |
Crude Oil & Gas Inventories | 9:30 AM | Oil / Gas |
Crop Production Reports | 11:00 AM | Ag Commodities |
Times may change. Use the Investing.com or CME calendars in your TradeDay Members Area.
TradeDay prop firm trading platforms
TradeDay understands that having the right tools is crucial for trading success. That's why they offer a range of popular and powerful trading platforms to suit different trading styles and preferences. TradeDay’s trading platforms:
Platform | Key Features |
Tradovate | Cloud-based with advanced charting and order execution, Mobile-friendly for trading on the go, Customizable workspace layouts |
NinjaTrader | Feature-rich platform with advanced charting and analytical tools, Supports automated trading strategies, Offers market replay for backtesting |
TradingView | Web-based platform with social networking features, Comprehensive range of technical indicators and drawing tools, Supports multiple assets beyond futures |
Jigsaw | Specialized order flow trading platform, Provides detailed market depth and volume analysis, Offers trading from the DOM (Depth of Market) |
All these platforms are fully integrated with TradeDay's systems, ensuring seamless execution and reporting. Traders can choose the platform that best fits their trading style and technical requirements.
To access additional analytical tools, check TradingFinder's list of TradingView indicators.
What instruments & symbols can I trade on TradeDay?
TradeDay specializes in futures trading, offering access to various instruments across major exchanges. TradeDay’s tradable assets:
Asset Class | Contract Name | Contract Code | Tick Size | Data Feed |
Equity Index Futures | E-mini S&P 500 Futures | ES | $12.50 | CME |
Micro E-mini S&P 500 Index Futures | MES | $1.25 | CME | |
E-mini Nasdaq-100 Futures | NQ | $5.00 | CME | |
Micro E-mini Nasdaq-100 Index Futures | MNQ | $0.50 | CME | |
E-mini Russell 2000 Index Futures | RTY | $5.00 | CME | |
Micro E-mini Russell 2000 Index Futures | M2K | $0.50 | CME | |
E-mini Dow ($5) Futures | YM | $5.00 | CBOT | |
Micro E-mini Dow Jones Industrial Average Futures | MYM | $0.50 | CBOT | |
FX Futures | Australian Dollar Futures | 6A | $5.00 | CME |
British Pound Futures | 6B | $6.25 | CME | |
Euro FX Futures | 6E | $6.25 | CME | |
Micro Euro FX Futures | M6E | $1.25 | CME | |
Bond Futures | 2-Year T-Note Futures | ZT | $7.81 | CBOT |
10-Year T-Note Futures | ZN | $15.63 | CBOT | |
Energy Futures | Crude Oil Futures | CL | $10.00 | NYMEX |
Micro Crude Oil | MCL | $1.00 | NYMEX | |
Metals Futures | Gold Futures | GC | $10.00 | COMEX |
Micro Gold Futures | MGC | $1.00 | COMEX | |
Agricultural Futures | Corn Futures | ZC | $12.50 | CBOT |
Soybean Futures | ZS | $12.50 | CBOT |
This diverse range of instruments allows traders to capitalize on opportunities across various sectors and implement diverse trading strategies.
TradeDay payment methods
TradeDay offers flexible and secure payment options for both account funding and profit withdrawals. TradeDay’s payment methods:
Transaction Type | Available Methods | Minimum deposit/withdrawal |
Account Funding | Credit/Debit Cards, PayPal | $80 |
Profit Withdrawals | Bank Transfer/Wire Transfer, Crypto | $250 |
Key points to note:
- Minimum withdrawal amount: $250
- No restrictions on withdrawal frequency
- Payouts within one business day
TradeDay prioritizes the security and efficiency of financial transactions. They employ industry-standard encryption and security measures to protect traders' financial information.
TradeDay prop firm commission & costs
Understanding the commission structure and costs associated with trading at TradeDay is crucial for managing your trading capital effectively. TradeDay’s commissions:
Asset Class | Contract | Code | Commission |
Equity Index Futures Contracts | E-mini S&P 500 Futures | ES | $2.34 |
Micro E-mini S&P 500 Index Futures | MES | $0.77 | |
E-mini Nasdaq-100 Futures | NQ | $2.34 | |
Micro E-mini Nasdaq-100 Index Futures | MNQ | $0.77 | |
E-mini Russell 2000 Index Futures | RTY | $2.34 | |
Micro E-mini Russell 2000 Index Futures | M2K | $0.77 | |
Nikkei/USD Futures | NKD | $3.11 | |
E-mini Dow ($5) Futures | YM | $2.34 | |
Micro E-mini Dow Jones Industrial Average | MYM | $0.77 | |
Australian Dollar Futures | 6A | $2.56 | |
British Pound Futures | 6B | $2.56 | |
Canadian Dollar Futures | 6C | $2.56 | |
Euro FX Futures | 6E | $2.56 | |
Micro Euro FX Futures | M6E | $0.66 | |
Japanese Yen Futures | 6J | $2.56 | |
Swiss Franc Futures | 6S | $2.56 | |
New Zealand Dollar Futures | 6N | $2.56 | |
Bond Futures Contracts | 2-Year T-Note Futures | ZT | $1.61 |
5-Year T-Note Futures | ZF | $1.61 | |
10-Year T-Note Futures | ZN | $1.76 | |
U.S. Treasury Bond Futures | ZB | $1.83 | |
Ultra Bond Futures | UB | $1.91 | |
Ultra Note Futures | TN | $1.76 | |
Energy Futures Contracts | Crude Oil Futures | CL | $2.46 |
Micro Crude Oil | MCL | $0.92 | |
E-mini Crude Oil Futures | QM | $2.16 | |
E-mini Natural Gas Futures | QG | $1.46 | |
Henry Hub Natural Gas Futures | NG | $2.56 | |
Metals Futures Contracts | Platinum Futures | PL | $2.56 |
Copper Futures | HG | $2.56 | |
Gold Futures | GC | $2.56 | |
Micro Gold Futures | MGC | $0.92 | |
Silver | SI | $2.56 | |
Micro Silver | SIL | $1.42 | |
Agricultural Futures Contracts | Lean Hog Futures | HE | $3.06 |
Live Cattle Futures | LE | $3.06 | |
Soybean Futures | ZS | $3.06 | |
Corn Futures | ZC | $3.06 | |
Soybean Oil Futures | ZL | $3.06 | |
Soybean Meal Futures | ZM | $3.06 | |
Chicago SRW Wheat Futures | ZW | $3.06 |
Does TradeDay offer vast educational resources?
TradeDay's "Knowledge Base" offers a comprehensive collection of articles, providing answers to all your TradeDay-related questions.
It covers various topics to help traders learn best practices and strategies, making it a valuable resource for enhancing trading skills.
If you can't find the information you need, TradeDay encourages you to submit a support ticket for further assistance. Needless to say, the firm’s educational resources are far limited compared to the rivals.
TradeDay Trust scores on Trustpilot
TradeDay, a proprietary trading firm, holds a high trust score of 4.6 on TradeDay Trustpilot, reflecting its strong reputation among users.
The firm offers a unique evaluation program tailored to futures traders, focusing on consistent profitability and risk management.
With flexible trading plans, simulated environments, and no requirement for traders to risk personal capital, it is seen as an accessible platform.
The positive reviews also highlight TradeDay's supportive community and educational resources for traders aiming to improve their skills.
TradeDay prop firm customer support
TradeDay prop firm offers robust customer support to ensure that traders have a seamless experience.
Their customer support is accessible through various channels, including live chat and a ticketing system, allowing clients to receive prompt assistance.TradeDay support options:
- Live Chat: Instant support for immediate inquiries, available during business hours for real-time assistance
- Ticket System: A structured method for submitting questions or issues that require detailed attention, ensuring that all inquiries are tracked and addressed efficiently
- Email: support@tradeday.com; 24 hours, 7 days a week
- Phone call (sales): +1 (872) 222 7850 Mon-Fri 9 am - 4 pm CT
By providing these channels, TradeDay aims to enhance user satisfaction and ensure that traders can resolve their issues quickly and effectively.
TradeDay social media channels
TradeDay prop firm maintains an active presence across various social media platforms. According to the image you shared, they have profiles on:
- TradeDay Facebook
- X
You can connect with them on these channels to keep up with their latest news and updates.
TradeDay Comparison Table
Let's compare the most important aspects of trading with TradeDay in comparison to other prop firms.
Parameters | TradeDay Prop Firm | |||
Minimum Challenge Price | $59 | $39 | €55 | $32 |
Maximum Fund Size | $150,000 | $4,000,000 | Infinite | $4,000,000 |
Evaluation steps | 1-Step | 1-Step, 2-Step, 3-Step | 2-Step | 1-Step, 2-Step |
Profit Share | 90% | 100% | 100% | 95% |
Max Daily Drawdown | 3% | 5% | 5% | 5% |
Max Drawdown | 3% | 10% | 8% | 10% |
First Profit Target | 6% | 5% | 10% | 8% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | N/A | 1:100 | 1:100 | 1:100 |
Payout Frequency | No restrictions | Bi-weekly | 14 Days | From 5 Days |
Number of Trading Assets | N/A | 3000+ | 150+ | 78 |
Trading Platforms | Tradovate, NinjaTrader, TradingView, Jigsaw | Metatrader 5 | cTrader, DXTrade | MT4, MT5, cTrader, MatchTarder |
Expert suggestions
TradeDay's $4,500 drawdown limit for the $250k challenge makes it an attractive option for traders seeking large capital with manageable risk.
The ability to receive payouts via multiple methods, such as crypto or bank transfers, adds another layer of convenience for traders.
The firm also stands out for its 4.6 Trustpilot score, a testament to its reliability and trader satisfaction.