(4.3 / 5)4+ Ratings

Tradeday Reviews

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Overall Rating

4.3
4 Reviews
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About Tradeday

TradeDay is a prop trading firm that provides funding to traders who pass their evaluation challenge. The firm offers a unique blend of educational resources, favorable payout structures, and robust trading platforms.

Key features include:

  • Educational Resources: Access to courses, education resources, research, and community. It also offers expert trading resources like trader development programmes, live market commentary, and institutional-grade research.
  • Funding: TradeDay funds traders who pass their evaluation challenge. The first $10,000 you make is yours to keep, and then 90% thereafter. There are no restrictions on payout frequency.
  • Trading Platform: A platform that allows you to learn and trade from your phone to your desktop, from your home to the beach.
  • Evaluation Challenge: The evaluation takes place in a simulated trading environment. You have 3 objectives to meet: Make Money, Track Record, and Be Consistent. There are 3 rules: Permitted times, Permitted products, and EOD Trailing Drawdown.
  • Support: TradeDay provides support 24/7. They are committed to creating a community feel for traders at home.

These features are designed to equip novice and veteran traders with the tools they need for success. TradeDay has quickly risen as a key player in the industry.

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Tradeday Customer Reviews (4)

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Cheryl Reynolds
Cheryl Reynolds
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Jul 16, 2024
Evelyn Bruch
Evelyn Bruch
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Jul 16, 2024
Linda Blake
Linda Blake
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Jul 15, 2024
Phillipp Hoffmann
Phillipp Hoffmann
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Jul 14, 2024

Tradeday Customer’s Q&A

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Tradeday Features and Benefits

TradeDay is a prop trading firm that offers a unique blend of educational resources, favorable payout structures, and robust trading platforms. Here are some key features and benefits:

  • Educational Resources: TradeDay provides access to courses, education resources, research, and community. It also offers expert trading resources like trader development programmes, live market commentary, and institutional-grade research.

  • Funding: TradeDay funds traders who pass their evaluation challenge. The first $10,000 you make is yours to keep, and then 90% thereafter. There are no restrictions on payout frequency.

  • Trading Platform: TradeDay has created a platform that allows you to learn and trade from your phone to your desktop, from your home to the beach.

  • Evaluation Challenge: The evaluation takes place in a simulated trading environment. You have 3 objectives to meet: Make Money, Track Record, and Be Consistent. There are 3 rules: Permitted times, Permitted products, and EOD Trailing Drawdown.

  • Support: TradeDay provides support 24/7. They are committed to creating a community feel for traders at home.

These features are designed to equip novice and veteran traders with the tools they need for success. TradeDay has quickly risen as a key player in the industry.

Tradeday Pricing

TradeDay offers several pricing tiers for its services:

  • $10k tier: Priced at $99/month, with a profit target of $1,000 and position limits of 1 contract (10 micros).
  • $25k tier: Priced at $125/month, with a profit target of $1,500 and position limits of 2 contracts (20 micros).
  • $50k tier: Priced at $165/month, with a profit target of $2,500 and position limits of 5 contracts (50 micros).
  • $100k tier: Priced at $275/month, with a profit target of $5,000 and position limits of 10 contracts (50 micros).
  • $150k tier: Priced at $375/month, with a profit target of $8,500 and position limits of 15 contracts (50 micros).
  • $250k tier: Priced at $750/month, with a profit target of $12,000 and position limits of 25 contracts (50 micros).

All tiers have a trailing max drawdown calculated at the end of the day. The first $10,000 you make is yours to keep, and then 90% thereafter. There are no restrictions on payout frequency and end of day drawdown. You can cancel at any time.

TradeDay also offers a resources package for $39/month that provides access to all webinars, research, news squawk, and content, but does not include trading.

Please note that these prices are subject to change and it's always best to check the official website for the most current information.

Payment Method

TradeDay accepts various deposit methods such as credit cards, debit cards, PayPal, Skrill, Neteller, Bitcoin, etc. To use these deposit methods, traders need to log in to their TradeDay account and choose their preferred payment option from the dashboard.

For withdrawing trading profits, TradeDay offers the following methods facilitated through their payment processor, Riseworks: Bank Wire Transfers for both US and international bank accounts. US bank wire withdrawals are free, while international bank wire withdrawals incur a fee of $15 per withdrawal. They also offer payouts via Crypto.

Once a trader passes the evaluation challenge, they get the choice of a real money, Funded Live or Funded Sim trading environment - both with zero payout restrictions. Then the trader decides on the funding option that best suits them. If there's a need for more information, please visit the official website.

Tradeday FAQs

FAQ

Tradeday Alternatives

Here are some alternatives to TradeDay:

  1. Topstep
  2. Apex Trader Funding
  3. MyFundedFutures
  4. Interactive Brokers
  5. Cobra Trading
  6. Lightspeed Trading
  7. Tradestation
  8. OneUp Trader
  9. The Funded Trader
  10. Robinhood

Each platform offers different features, so it's important to research and choose the one that best fits individual trading needs. For more alternatives, please visit the official websites of these platforms. If there's a need for more information, please visit the official website.

FAQ

How To Open A Tradeday Account?

To open an account on TradeDay, follow these steps:

  1. Visit the pricing page for membership options.
  2. Purchase an evaluation membership to begin the assessment.
  3. Watch the intro video upon the first login.
  4. Access the Trading Room for tools and resources.

The evaluation takes place in a simulated trading environment. There are three objectives to meet:

  • Make Money: Trade until reaching the profit target set.
  • Track Record: Trade for a minimum of 7 days.
  • Be Consistent: Looking to back traders, not gamblers.

There are also three rules to follow:

  • Permitted times: Day trade only.
  • Permitted products: Only trade the permitted products.
  • EOD Trailing Drawdown: Don't lose more than this amount.

If a rule is broken, the evaluation ends. However, it can be immediately started again by purchasing a reset for $99, or wait until the subscription payment renews for a free reset. Successful evaluation leads to a funded account with up to $250,000 in balance and a 90% profit split payout. No restrictions on withdrawal frequency. The more money in the trading account, the bigger the positions that can be traded. If there's a need for more information, please visit the official website.

FAQ

Tradeday Return Policy?

TradeDay works with a number of third-party service providers that require immediate commitment from TradeDay when an account is opened. As such, unable to offer a refund after purchase. If there's a need for more information, please visit the official website.

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