CBOT

COMEX

NYMEX

TradeDay

TradeDay distinguishes itself in the prop trading industry by offering comprehensive trading education, rigorous trader evaluation, and an enticing funding opportunity right from the start. 

This review aims to encapsulate the essence of TradeDay, outlining its services, platforms, and unique propositions that make it a notable choice for traders of all experience levels.

## About TradeDay Prop Firm: An Overview

### Legal Company Name

TradeDay LLC

### Address Details

TradeDay LLC, 2nd Floor, 412 S.Wells, Chicago, Illinois, 60607

### Founding Year

Established in 2020

### Registration Location

Illinois, USA with an additional presence in the UK.

### Executive Team

TradeDay is managed by co-founders James Thorpe and Steve Miley. They bring a wealth of experience, with a combined 60 years in international trading and futures industry expertise.

## Trading Platforms

TradeDay offers a selection of platforms including Tradovate, NinjaTrader, TradingView, and Jigsaw Trading. Tradovate is highlighted as the preferred partner, known for its reliability and comprehensive tools suitable for all major operating systems. Traders can also connect their own licensed versions of NinjaTrader, TradingView, and Jigsaw.

## Instruments Available at TradeDay

TradeDay focuses on regulated futures products traded on major exchanges like CME, CBOT, NYMEX, and COMEX. The firm emphasizes compliance with the rules of these regulated venues and ensures all trading activities are conducted through regulated brokers.

## How to Make Payments at TradeDay Prop Firm

TradeDay utilizes the services of Riseworks for processing trader payouts, with options for bank wire and cryptocurrency withdrawals. Specific fees apply depending on the withdrawal method and location.

## Account Sizes

TradeDay offers tiers from $10,000 to $250,000 with tailored profit targets and drawdown limits designed to suit various trading strategies and risk profiles.

## Profit Splits in TradeDay Prop Firm

Traders keep the first $10,000 in profits and subsequently earn 90% of further profits. There are no restrictions on the frequency of withdrawals.

## Profit Targets for TradeDay Prop Firm:

Profit targets are set according to account size, ranging from $1,000 for the smallest tier to $12,000 for the largest.

## Maximum Daily Drawdown and Loss at TradeDay Prop Firm

## Maximum Daily Drawdown and Loss at TradeDay Prop Firm

TradeDay sets specific drawdown limits for each trading tier, helping manage risks effectively:

- **10k tier:** Maximum drawdown of $1,000
- **25k tier:** Maximum drawdown of $1,500
- **50k tier:** Maximum drawdown of $2,000
- **100k tier:** Maximum drawdown of $3,000
- **150k tier:** Maximum drawdown of $3,500
- **250k tier:** Maximum drawdown of $4,500

## Minimum/Maximum Trading Days Required at TradeDay Prop Firm

TradeDay requires traders to trade for a minimum of 7 days to complete the evaluation process. 

There is no upper limit on the number of trading days, but at least 7 days of trading data is necessary to assess a trader's consistency and strategy effectiveness. Each day a trade is made counts towards this objective.

If traders achieve the profit target and consistency objectives before completing the 7 days, they must continue trading in the same style to ensure a thorough evaluation of their performance over the entire period. 

If a trader alters their trading behavior significantly during this time, such as by reducing the number of trades, changing the contracts traded, or the times of day they trade, this may lead to an extension of the evaluation period.

## Steps Available Across Challenges

TradeDay provides a structured path to funding, from passing the initial evaluation to following specific trading rules and educational training on relevant regulations and strategies.

## Pricing for TradeDay Prop Firm Challenge

Tiered pricing starts at $80 per month for the 10k tier and goes up to $600 for the 250k tier. Each tier offers specific features, including educational and trading resources, with higher tiers providing additional one-on-one coaching.

## Commissions and Fees at TradeDay Prop Firm

No additional commissions are charged to funded traders. Detailed information on commissions applicable to those using their own licenses with platforms like NinjaTrader is available on TradeDay's website.

## TradeDay Prop Firm: Refund Policies

TradeDay does not offer refunds post-purchase due to commitments with third-party service providers. A 14-day free trial is available for prospective traders to evaluate the platform.

## Trial Offers at TradeDay Prop Firm

A 14-day free trial offers a comprehensive preview of TradeDay's trading environment and educational resources, with no obligation to continue.

## Payout Schedules of TradeDay Prop Firm

There are no restrictions on the frequency of profit withdrawals, providing traders with flexibility in accessing their earnings.

## Advantages and Disadvantages

(Based on Trustpilot reviews)

## Advantages

- Reliable business model with fast and competent services.
- Quick and efficient payout process.
- Excellent customer support, often directly from James or Steve.
- User-friendly dashboard that clearly displays all necessary information.
- Fair and straightforward evaluation and payout criteria.

## Disadvantages

No frequent, big issues pointed out by the community.

## FAQ Section

**Q: How long does the evaluation period last at TradeDay?**
A: The evaluation period requires a minimum of 7 trading days. There is no set maximum period, but all traders must trade for at least 7 days to qualify for funding.

**Q: What happens if I meet my profit targets before the 7-day minimum?**
A: If you meet your profit targets before the 7-day minimum, you must continue trading in the same style until the full 7 days are completed. This is to ensure that your trading strategy and performance are consistent and not based on short-term gains.

**Q: Are there any restrictions on the types of trades I can make during the evaluation?**
A: While there are no strict restrictions on the types of trades, sudden changes in your trading pattern—such as the number of trades, the contracts traded, or the timing of trades—can be flagged for review. Consistency in trading is key to passing the evaluation.

**Q: What platforms can I use for trading at TradeDay?**
A: TradeDay supports several trading platforms, including Tradovate, NinjaTrader, TradingView, and Jigsaw. You may connect your own licensed versions of NinjaTrader, TradingView, and Jigsaw to Tradovate for the evaluation.

**Q: How are trading profits paid out at TradeDay?**
A: Profits are paid out via Riseworks, which offers options for bank wire and cryptocurrency withdrawals. There are specific fees associated with different withdrawal methods and locations.

**Q: What happens if I alter my trading strategy during the evaluation?**
A: Altering your trading strategy significantly during the evaluation, especially to reduce risks or manipulate outcomes, can lead to an extension of the evaluation period. TradeDay aims to fund traders who show confidence and consistency in their ability to generate returns, not those who game the system.

Finish your order for

TradeDay - 100K - 1 Step - 90%