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TradeDay
0

CEO

James Thorpe

Country

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US

Trust Pilot

4.5

Years in Operation

6

TradeDay
0
country-flag

US

CEO

James Thorpe

Country

country-flag

US

Trust Pilot

4.5

Years in Operation

6

0.0

0

total reviews

5

0

4

0

3

0

2

0

1

0

27% OFF

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TradeDay

0.0

0

27% off all accounts — first order only

Code

SPF

TradeDay is a Chicago, Illinois-based proprietary trading firm established in 2020 that funds futures traders and permits trading only in listed futures products on CME, CBOT, NYMEX, and COMEX. The Firm presents a path to funding through an evaluation program and says traders can trade up to six accounts. They offer $50K, $100K and $150k evaluations and allow traders to chose from Intraday, End of Day and Static drawdown. In terms of pricing they differentiate themselves by charing a fee every month and not a one time fee. They offer Ninja Trader, Tradovate Platforms, TradingView, and Jigsaw Trading. The evaluation is described as a simulated trading challenge based on profitable strategy, risk management, and discipline, with traders getting evaluated in as few as five days and moving at their own pace. Compared to other firms, Tradeday offers only one STRICT rule, the Maximum Drawdown. TradeDay says funded traders keep 80% of profits from day one, with the potential to reach 95%, and that payouts begin from day one with no restriction on withdrawal frequency. It also offers a CoPilot membership (not a evaluation) for $24 per month with access to education, research, live news, webinars, and Discord. This overview summarizes TradeDay as a futures-focused proprietary trading firm centered on evaluation-based funding, its own trading platform, educational support and 1 to 1 Mentorship.

Firm Overview

Broker:

Tradovate

Platform:

Futures Platforms
TradingView

Payment Methods:

Credit/Debit Card
PayPal

Payout Methods:

Bank Transfer
Riseworks

Instruments and Assets

Type of Instruments:

Futures
Micro Futures

Assets:

Futures

Consistency Rules

Consistency Rule of 30%: Only during evaluation phase, Profits on a single trading day must not exceed 30% of the profit target. There is no consistency objective for funded traders.

Firm Rules

News Trading

  • Not Allowed: All positions are auto-closed 2 minutes before Tier 1 news releases and markets reopen 2 minutes after. No account failure for accidental news trades. Traders can view the Tier 1 data release calendar, the Investing.com Economic Calendar, and the CME Calendar in the TradeDay Members area.

Copy Trading Rule

  • Copy trading is permitted across your own evaluation and funded sim accounts. Trades can also be copied from a personal external account into your TradeDay account. Funded Live and Funded Sim accounts must be traded separately, copy trading between them is not permitted. Copy trading between 2 or 3 Funded Sim accounts only is allowed.

Consistency Rule

  • Profits during one single trading day should not exceed 30% of the profit target. There is no consistency objective for funded traders.

Minimum of 5 Days Objective

  • Minimum of 5 days of trading in order to complete this objective. No need to be consecutive. Traders finishing the profit target and the consistency objectives before completing 5 days are required to continue to trade in the style, they have been. Microtrading is not allowed.

Expert Advisors

  • Expert advisors are allowed; however, algos and bots purchased from a third party and employed by the trader are forbidden. If multiple users are making the same trades, then all the accounts will be shut down and the users suspended.

Gap Trading

  • Entering trades specifically in gapped, illiquid markets to benefit from isolated/stray fills are not allowed.

Hedging prohibited

  • Simultaneously going long in one account and short in another account in the same product.

VPN Usage

  • Using a VPN or VPS to mask the location of trading is not allowed.

High Frequency Trading (HFT)

  • Using automated trading systems designed to scalp at an extremely high frequency is prohibited.
  • Strategies that produce more than 200 trades in a day is prohibited.
  • Not allowed to use any trading strategy intended to exploit or create errors in the services, such as errors in the display of prices or delays in their updates.
  • Traders can only have one Funded Live account. When in Funded Live, you will not be able to purchase additional accounts.
  • Trading an excessive or unrealistic number of contracts in the day is not allowed.

Exploiting System Errors

  • Not allowed to use any trading strategy intended to exploit or create errors in the services, such as errors in the display of prices or delays in their updates.

Inactivity Rule

  • Accounts inactive for a period of 30 days without prior consent are considered dormant and will be closed.

Circuit Breaker Rule

  • Funded Traders are not permitted to trade within 2% of a price limit. Traders in breach of this policy will lose their funded account.

Trading Hours Explained

Prohibited Trade Practices

Payout Policy

  • Traders cannot make a withdrawal request until they have cleared the buffer.
  • Traders can draw down into the buffer when they have cleared the buffer
  • A trader clears the Buffer Zone when they have a positive balance at the equivalent of their Drawdown.
  • Minimum payout request is $250
  • Traders can withdraw profits whenever they like, and there are no restrictions on the frequency of withdrawals.

TradeDay offers profit split of:

  • 80% profit share on the first $50K of lifetime withdrawals
  • 90% profit share from $50K to $100K
  • 95% profit share beyond $100K
  • Buffer zone funds are available anytime but are subject to a 50% profit share

Balance required for payout (Buffer)

  • EOD and Intraday
    • 50K: $2,000
    • 100K: $3,000
    • 150K: $4,000
  • Static
    • 50K: $500
    • 100K: $750
    • 150K: $1,000

EOD and Intraday Drawdown Lock

  • Once the buffer is cleared, the Trailing Max Drawdown trails up and locks at the starting balance.

Funded Sim Milestones

  • Funded Sim milestones are profit checkpoints set at every $5,000 up to $20,000 ($5K, $10K, $15K, $20K). At each milestone, trading is paused and the Head of Trading reviews the account to decide whether to extend the trader in Funded Sim or move them to a Funded Live account. Milestones do not affect payout eligibility; withdrawals can be requested at any time once the buffer is cleared. Most traders reaching $20,000 are moved to Funded Live.

Lived Trading Expalined

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