TradeDay Review

Detailed review based on our personal trading experience

TradeDay logo
#6 in Our RankingsRetiree Score: 78/100Est. 2020πŸ‡ΊπŸ‡Έ USAβ˜… 4.6 Trustpilot (1,200 reviews)

Overview

TradeDay is a highly respected, US-based prop firm known for its transparency and excellent trader support resources. They offer massive flexibility with three specific drawdown models: Intraday Trailing (Advanced), End of Day (EOD), and Static Drawdown options. While their 30% consistency rule is slightly stricter than some competitors, they offset this with incredibly fast 24-hour payouts and a supportive educational ecosystem including daily research and a live squawk box. Note that their Advanced $50K accounts use an Intraday trailing drawdown, so positions must be managed carefully regarding open, unrealized profits.

$165/mo
50K Eval Fee
$139
Activation Fee
$2,500
Max Drawdown
100% of first $10k, then 90/10
Profit Split

🎁 Exclusive Discount

20% OFF

TRADEDAY20
Apply at Checkout

Plans & Sizes

PlanAccount SizeFeeProfit TargetMax Drawdown
Beginner 10K$10,000$39/mo$1,000$500 (EOD)
Advanced 50K$50,000$165/mo$2,500$2,500 (Intraday Trail)
Executive 100K$100,000$275/mo$5,000$3,000 (Intraday Trail)
EOD 50K$50,000$165/mo$2,500$2,500 (EOD Trail)

Dashboard & User Experience

Dashboard RatingExcellent

TradeDay offers a highly transparent, user-friendly trader dashboard that easily tracks your Intraday or EOD trailing drawdowns. It provides clear visual cues for your consistency rule targets and has excellent integrated educational resources directly within the member portal.

βœ… Dashboard Strengths

  • βœ“Clear drawdown buffer tracking
  • βœ“Built-in live squawk box and daily research reports
  • βœ“Transparent payout request portal

⚠️ Dashboard Weaknesses

  • βœ—Intraday drawdown on the Advanced accounts can catch new traders off guard
  • βœ—Can be initially confusing distinguishing between their three account types

Platforms Supported

πŸ–₯️Tradovate
πŸ–₯️NinjaTrader
πŸ–₯️TradingView
πŸ–₯️Quantower
πŸ–₯️TradeDayX

Drawdown Policies

Drawdown Type

Intraday Trailing or End of Day (EOD)

The drawdown limit is fixed at a set dollar amount below your starting balance. It does not trail your profits, which can be advantageous for aggressive strategies.

Daily Loss Limit

No daily loss limit β€” only the max trailing drawdown applies.

$2,500
Maximum Drawdown on 50K Account

Profit Split

TradeDay offers a 100% of first $10k, then 90/10 profit split.

90%
You Keep
10%
Firm Keeps

Path to Live (Funded) Account

5

You must trade for a minimum of 5 trading days and hit the profit target without violating any drawdown rules to become funded.

Rules & Restrictions

News Trading Allowed❌ No
Trading Bots Allowed❌ No
VPN Allowed❌ No
Micro-Scalping Allowedβœ… Yes
Max Accounts6
Consistency Rule30% max single-day
Scalping Hold TimeNo minimum explicitly stated

πŸŽ“ Education & Community Resources

TradeDay offers the following educational and community resources to support traders:

▢️

YouTube Channel

Check TradeDay's official YouTube for platform walkthroughs, rule explanations, and trader tips.

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Community Support

Most prop firms maintain a Discord or Slack community. Check TradeDay's website for links to their active trader community.

πŸ“š

Knowledge Base / FAQ

Detailed FAQs and rule documentation are available on TradeDay's official website. Always read these before purchasing.

πŸ› οΈ

Platform Tutorials

All supported platforms (NinjaTrader, Tradovate, TradingView) have extensive free learning resources on their own websites and YouTube channels.

Ready to try TradeDay?

Start with their $165/mo evaluation for a $50,000 account. Always remember to read their full terms before purchasing.

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