TRADABLE MARKETS
Futures
COUNTRY
US
US
CEO
James Thorpe
Date Created
2020
TradeDay
Years In Operation:
6
Date Created
2020
4.6 out of 5
Trustpilot
Futures
Firm Overview
PAYMENT METHODS
Credit/Debit Card
PayPal
PLATFORMS
AVAILABLE SUPPORT CHANNELS
Discord
Email
Live Chat
PAYOUT METHODS
Leverage
Max Contract Size Allowed per Account Size
Intraday
$50,000:
5 (50 Micros)
$100,000:
10 (50 Micros)
$150,000:
15 (50 Micros)
End of Day
$50,000:
5 (50 Micros)
$100,000:
10 (50 Micros)
$150,000:
15 (50 Micros)
Static
$50,000:
1 (10 Micros)
$100,000:
2 (20 Micros)
$150,000:
3 (30 Micros)
Commissions
NinjaTrader / Tradovate
| Code | Commission |
|---|---|
| MES, MNQ, M2K, MYM | $0.81 |
| MCL, MGC | $0.96 |
| M6E | $0.70 |
| SIL | $1.46 |
| QG | $1.50 |
| ZT, ZF | $1.65 |
| ZN, TN | $1.80 |
| ZB | $1.87 |
| UB | $1.95 |
| QM | $2.20 |
| ES, NQ, RTY, YM | $2.38 |
| CL | $2.50 |
| 6A, 6B, 6C, 6E, 6J, 6S, 6N, NG, PL, HG, GC, SI | $2.60 |
| NKD | $3.15 |
| HE, LE, ZS, ZC, ZL, ZM, ZW | $3.10 |
Consistency Rules
- All Evaluation Accounts — 30%, no single day’s profit should exceed 30% of the profit target.
- Does not apply to any of the Funded Accounts.
Firm Rules
- 2% Price Limit Rule (Funded Accounts) – Cannot trade within 2% of a price limit. This will lead to a breach of the account. You can view CME Price Limits here: https://www.cmegroup.com/trading/price-limits.html
- Inactivity Rule – If an account is inactive for 30 days without prior notice, the account is considered dormant and is shut down.
- Minimum Trading Days Rule – Must trade at least 5 trading days worth of data to complete this objective. Though they need not be consecutive, if you finish the challenge early, you cannot sit in the Funded Zone and trade 1 micros to satisfy the rule. They need to see 5 days of consistent trading activity.
- Overnight Holding Rule – Trades cannot be held overnight, and all positions must be closed 10 minutes before the market closes. Though this does not constitute a breach, traders on Funded Accounts will be issued a warning for failing to close their positions.
- News Rule – TradeDay auto-liquidates all open positions 2 minutes before Tier 1 Economic Data Releases, and new positions cannot be opened until 2 minutes after. Traders are not failed for accidental breaches of this guideline. However, repeated violations could lead to a closure of their account. The following are considered Tier 1 Data:
Event Products Affected Time (EST) FOMC minutes All products 2:00 PM EST FOMC interest rate decision statement All products 2:00 PM EST US CPI All products 8:30 AM EST US employment report (Non-Farm Payrolls) All products 8:30 AM EST Crude Oil Inventories (EIA) Oil contracts only 10:30 AM / 11:00 AM EST Natural Gas Inventories (EIA) Gas contracts only 10:30 AM EST Crop production reports Ags contracts only 12:00 PM EST
Payout Policy
Payout Policy
Minimum Trading Days – Payouts can be requested from day one, but you must first clear the Buffer Requirement.
Minimum Payout Request – $250.
Profit Split (above the Buffer) – Based on lifetime withdrawals with TradeDay:
- First $50k of Profits – 80% split.
- $50k - $100k in Profits – 90% split.
- Over $100k in Profits – 95% split.
Withdrawing Into Buffer Zone – Traders can withdraw profits from the Buffer Zone at any time, but the profits will be subject to a 50/50 split.
Withdrawals That Significantly Impact Drawdown – Traders who make frequent or large withdrawals that leave an account vulnerable to hitting the Drawdown could be viewed as mismanaging and account and may not be allowed to retake another evaluation.
Buffer Zone Requirements –
Account Tier Starting Account Balance Maximum Drawdown Balance Required for Withdrawal $50K $50,000 $2,000 $52,000 $50K Static $50,000 $500 $50,500 $100K $100,000 $3,000 $103,000 $100K Static $100,000 $750 $100,750 $150K $150,000 $4,000 $154,000 $150K Static $150,000 $1,000 $151,000
General Policies
Payout Processing Time
- Payouts requested before 5:30pm CT will be processed with 24 hours (on business days only)
Withdrawal Fees:
- International Bank Wire Withdrawals: $15/withdrawal
- US Bank Wire Withdrawals: Free
- L1 Crypto Withdrawals: $2.5/withdrawal + Estimated Gas Fees.
- L2 Crypto Withdrawals: Free.
KYC
- KYC is conducted after a trader passes the Evaluation and before they can move to a Funded Account.
Restricted Countries
Afghanistan
Albania
Algeria
Angola
Barbados
Belarus
British Virgin Islands
Bosnia and Herzegovina
Botswana
Bulgaria
Burkina Faso
Burundi
Cameroon
Cayman Islands
Central African Republic
Ivory Coast
Ukraine
Croatia
Cuba
North Korea
DR Congo
Ecuador
Ethiopia
Ghana
Gibraltar
Guam
Guyana
Haiti
Iceland
Indonesia
Iran
Iraq
Jamaica
Jordan
Kosovo
Laos
Lebanon
Liberia
Libya
North Macedonia
Mali
Malta
Mauritius
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nepal
Nicaragua
Nigeria
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
Uganda
Ukraine
U.S. Virgin Islands
Venezuela
Vietnam
Yemen
Zimbabwe
TradeDay Prop Firm Challenges
SIZE:
STEPS:
FIRM
ACCOUNT SIZE
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE
$50,000 Intraday
$3,000
None
$2,000
80% to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 100.00
$ 125.00
Month
$100,000 Intraday
$6,000
None
$3,000
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 160.00
$ 200.00
Month
$150,000 Intraday
$9,000
None
$4,000
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 240.00
$ 300.00
Month
$50,000 Static
$1,500
None
$500
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 132.00
$ 165.00
Month
$100,000 Static
$2,500
None
$750
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 200.00
$ 250.00
Month
$150,000 Static
$3,750
None
$1,000
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 280.00
$ 350.00
Month
$50,000 End Of Day
$3,000
None
$2,000
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 140.00
$ 175.00
Month
$100,000 End Of Day
$6,000
None
$3,000
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 220.00
$ 275.00
Month
$150,000 End Of Day
$9,000
None
$4,000
80% Up to $50k | 90% $50k - $100k | 95% >$100k
After Attaining Buffer Zone
$ 300.00
$ 375.00
Month
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Frequently Asked Questions
TradeDay
Yes, you can have up to 6 accounts at one time. Note that you can have a maximum of 3 Funded Sim Accounts and 1 Funded Live Account. Also note that these accounts have to be on one trading platform and cannot be split across platforms.
Yes, scalpers are allowed, but there are certain practices that are not allowed. You can view those here: https://tradeday.freshdesk.com/en/support/solutions/articles/103000008883-will-tradeday-evaluate-and-fund-scalpers-
No, there are no resets offers and traders will have to take a new Evaluation. However, TradeDay evaluates your trading performance before they give you the option to retake the evaluation.
These are milestones where a Sim Trader’s performance is reviewed for a move to a Funded Live. Traders will be reviewed at $5,000 gross profit on each of their funded accounts. Remember, you must stop trading on the day the milestone is reached and any excess profits above the level will be removed. These do not impact withdrawals.