Tradeday Review
TradeDay is a Chicago-based futures prop firm paying between 80% and 95% of profits, with payouts available from day one and account resets priced at $99. Evaluations run on CME futures, and drawdown is trailing rather than fixed.
Asset Focus
Profit Share
Reset Policy
Brand Trust
TradeDay at a Glance
Headquarters
TradeDay LLC is based at 2nd Floor, 412 S. Wells, Chicago, Illinois 60607. The firm has been operating since 2020 and focuses exclusively on funding US futures traders.
Specialty
TradeDay funds futures traders only. Permitted exchanges include CME, CBOT, NYMEX, and COMEX. Stocks, options, forex, crypto, and CFDs are not available on the platform.
Day One Payouts
TradeDay markets itself on its day-one payout policy. Once funded, traders can request withdrawals from their very first profitable trading day with no frequency restrictions.
Profit Share
Funded traders keep 80% of profits from day one with the potential to scale up to a 95% profit share. TradeDay states this is among the best payout policies in the industry.
Pass Rate
TradeDay’s Evaluation Challenge pass rate was 28.2% between October 2023 and March 2024, per the firm’s own published disclaimer. This is a relatively high rate compared to retail trading averages.
Multi-Account
TradeDay allows traders to operate up to six accounts simultaneously. This gives experienced traders the ability to diversify size, strategy, or risk profile across parallel evaluations.
Top TradeDay Alternatives
Topstep
Topstep is the longest-running US futures-focused prop firm with a Trading Combine and Funded Account program. It is the most direct alternative to TradeDay for futures traders comparing payout structures and rules. See our Topstep alternatives round-up.
Apex Trader Funding
Apex Trader Funding offers one-step futures evaluations with very flexible scaling and frequent promotional discounts. Apex is widely considered TradeDay’s biggest competitor for value-conscious futures traders. Read our full Apex Trader Funding review.
My Funded Futures
My Funded Futures provides futures-only evaluation accounts with both standard and instant-funding tracks. Traders looking for an alternative scaling structure often shortlist MFFU alongside TradeDay.
Earn2Trade
Earn2Trade offers the Gauntlet Mini and Trader Career Path for futures traders. It targets traders who want a slightly longer-term mentoring approach versus TradeDay’s pure evaluation model. Read our full Earn2Trade review, or see the head-to-head TradeDay vs Earn2Trade comparison.
Other futures-only firms we have reviewed include OneUp Trader, Tick Tick Traders and Funded Futures Network.
What are TradeDay's position and drawdown limits?
Maximum Drawdown
TradeDay enforces a single hard rule: do not exceed the maximum drawdown set for your account size. Breaching the drawdown immediately ends the evaluation, although traders can reset for $99 or wait for the next billing cycle.
Position Limits
Traders must stay within the contract size limits set for their account size. The position limit is one of the three guidelines that must be respected throughout the Evaluation Challenge.
Permitted Times
TradeDay is built for day trading only. Holding positions overnight or through non-day-trading hours is not within the program design. This keeps risk aligned with day-trading-style strategies.
How do TradeDay's consistency and trading rules work?
Profit Target
Traders must reach a profit target set for their account size to pass the evaluation. The amount scales with the size of the account purchased.
Minimum Trading Days
TradeDay requires a minimum of five trading days during the Evaluation Challenge. This forces traders to demonstrate consistency rather than a single lucky session.
Consistency
TradeDay explicitly states it wants to back traders, not gamblers. The firm evaluates trading style and risk discipline alongside raw profit numbers.
Permitted Products
Only listed futures on CME, CBOT, NYMEX, and COMEX are permitted. Stocks, options, forex, crypto, and CFDs are not allowed on the TradeDay platform.
How much does it cost to trade with TradeDay?
Monthly Subscription
TradeDay charges a monthly subscription fee per evaluation account. The firm explicitly stops charging the monthly fee once a trader becomes funded — trading is free on funded accounts.
Reset Fee
If a trader breaches the maximum drawdown, the evaluation ends. They can immediately reset for $99 or simply wait for the next monthly subscription cycle to reset for free.
CoPilot Plan
For traders not ready for an Evaluation, TradeDay offers the CoPilot membership at $24 per month. This grants webinar, research, and Discord community access with no evaluation rights attached.
Which countries cannot use TradeDay?
Eligibility
TradeDay is a US-based futures firm headquartered in Chicago. The firm does not publish a public restricted-country list on its homepage. TradeDay is not registered with the SEC or CFTC and operates as a simulated-trading evaluation provider. Traders outside the United States should confirm eligibility directly with TradeDay support before purchasing an evaluation.
Video Guides on TradeDay
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Pros and Cons of TradeDay
Pros
- ✓ Day-one payouts with no withdrawal frequency restrictions
- ✓ 80% to 95% profit share scaling structure
- ✓ Operating from Chicago, US, since 2020
- ✓ Up to 6 accounts allowed in parallel
- ✓ Strong 4.6-star Trustpilot rating across 1,360 reviews
- ✓ Monthly fee stops once you become funded
Cons
- ✖ Futures only — no forex, stocks, options, or crypto
- ✖ Day trading only — no overnight position holding
- ✖ Refunds not offered after purchase
- ✖ Reset costs $99 if you breach drawdown mid-cycle
- ✖ TradeDay is not registered with the SEC or CFTC
- ✖ 28.2% pass rate signals the Evaluation remains tough
How much does a TradeDay evaluation cost?
TradeDay Evaluation Challenge — Monthly Subscription
TradeDay sells its Evaluation Challenge as a monthly subscription rather than a single upfront fee. Visit tradeday.com for the current monthly rate per account size.
Reset & Add-On Pricing
Note: TradeDay charges a monthly subscription per active evaluation account. The exact monthly rate scales with account size and is shown live on the TradeDay pricing page. Discounts of up to 30% are sometimes offered via the homepage banner.
TradeDay vs Topstep
Is TradeDay legit and worth it?
Futures Specialists
100% focused on funding futures day traders — no distractions from forex, stocks, or crypto.
Day One Payouts
Withdraw profits starting your very first trading day with no withdrawal frequency limits.
80% to 95% Split
Keep 80% of profits from day one with scaling potential to 95% as you grow as a trader.
Chicago US-Based
Operating from 412 S. Wells, Chicago, since 2020 with US-based support and futures expertise.
4.6 Trustpilot
1,360 customer reviews on Trustpilot put TradeDay among the best-rated futures prop firms.
Free Funded Trading
No monthly fees on funded accounts — once you pass, the membership cost stops entirely.
Ready to Trade Futures?
Join TradeDay and trade funded futures with 80% to 95% profit share and day one payouts.
Visit TradeDayFrequently Asked Questions