TradeDay LLC is a futures prop firm, established in 2020 and registered in Illinois, USA. The firm also has a presence in the UK.
The company is co-founded and managed by James Thorpe and Steve Miley, who between them bring decades of international trading and futures industry experience. Thorpe’s background includes over 15 years of full-time trading, 10 years managing professional trading groups, and former CEO roles at Mercury Derivatives/Futures First and Clear Capital Group LLC. Miley is the founder of the Market Chartist research group and spent 13 years as head of technical analysis research at Merrill Lynch and Credit Suisse.
TradeDay operates as an evaluation-based firm. Traders subscribe to an evaluation program, trade simulated capital while meeting defined objectives, and upon passing, gain access to a Funded Sim account, with a pathway to a Funded Live account trading real capital. The firm trades CME Group futures products exclusively across CME, CBOT, NYMEX, and COMEX. Stocks, options, forex, cryptocurrency, and CFDs are not available.
TradeDay describes itself as a trading education and mentoring platform with a route to funding. It is not regulated as a financial services company, and states it is not required to be regulated as a trader evaluation service. The firm states it abides by CME Group Exchange rules and CFTC trading regulations. All traders requiring funding must complete a rules and regulations course and sign an agreement before accessing a funded account.
Account Types & Pricing
TradeDay offers 3 evaluation account types (Intraday, EOD (End-of-Day), and Static), each available across 3 account sizes ($50k, $100k, $150k). All accounts operate on a monthly subscription model. Retail pricing only is used throughout this review.
Intraday Evaluation
The Intraday account uses an intraday trailing maximum drawdown, meaning the drawdown level moves up in real time as unrealized profit grows during the session.
Rules differ across account sizes. See the table below.
| Account Size | Monthly Price | Profit Target | Max Drawdown | Position Limit | Reset Fee |
|---|---|---|---|---|---|
| $50k Intraday | $125 | $3,000 | $2,000 | 5 contracts / 50 micros | $80 |
| $100k Intraday | $200 | $6,000 | $3,000 | 10 contracts / 50 micros | $124 |
| $150k Intraday | $300 | $9,000 | $4,000 | 15 contracts / 50 micros | $149 |
EOD Evaluation
The EOD account uses an end-of-day trailing maximum drawdown, meaning the drawdown level only updates at the end of each trading day based on the closing balance.
Rules differ across account sizes. See the table below.
| Account Size | Monthly Price | Profit Target | Max Drawdown | Position Limit | Reset Fee |
|---|---|---|---|---|---|
| $50k EOD | $175 | $3,000 | $2,000 | 5 contracts / 50 micros | $104 |
| $100k EOD | $275 | $6,000 | $3,000 | 10 contracts / 50 micros | $124 |
| $150k EOD | $375 | $9,000 | $4,000 | 15 contracts / 50 micros | $149 |
Static Evaluation
The Static account uses a fixed drawdown limit that does not move regardless of profits made. The position limits and profit targets are structurally lower than the Intraday and EOD accounts, reflecting the different risk profile.
Rules differ across account sizes. See the table below.
| Account Size | Monthly Price | Profit Target | Max Drawdown | Position Limit | Reset Fee |
|---|---|---|---|---|---|
| $50k Static | $165 | $1,500 | $500 | 1 contract / 10 micros | $104 |
| $100k Static | $250 | $2,500 | $750 | 2 contracts / 20 micros | $124 |
| $150k Static | $350 | $3,750 | $1,000 | 3 contracts / 30 micros | $149 |
The monthly subscription covers one evaluation attempt and access to TradeDay’s members’ area. Billing recurs every 30 days. The evaluation does not reset when the subscription renews; it continues unless the maximum drawdown rule is broken. Traders can purchase resets independently of the billing cycle, and the reset fee does not change the billing date.
Evaluation Rules
TradeDay frames the evaluation as having one rule (don’t hit the maximum drawdown limit) and three objectives: reach the profit target, trade for a minimum number of days, and be consistent in profitability.
Profit Target
Rules differ across account lines. See the table below.
| Account | Profit Target |
|---|---|
| $50k Intraday / $50k EOD | $3,000 |
| $100k Intraday / $100k EOD | $6,000 |
| $150k Intraday / $150k EOD | $9,000 |
| $50k Static | $1,500 |
| $100k Static | $2,500 |
| $150k Static | $3,750 |
The profit target is expressed as a dollar amount and is measured as net profit (gross profit minus simulated commissions). For example, a $50k Intraday account starts at $50,000 and must reach a balance of $53,000 or higher to satisfy this objective. Simulated commissions match what traders would be charged on the Funded Live account.
Drawdown Rules (Evaluation)
Trailing Drawdown Values
Rules differ across account lines. See the table below.
| Account | Max Drawdown |
|---|---|
| $50k Intraday | $2,000 |
| $100k Intraday | $3,000 |
| $150k Intraday | $4,000 |
| $50k EOD | $2,000 |
| $100k EOD | $3,000 |
| $150k EOD | $4,000 |
| $50k Static | $500 |
| $100k Static | $750 |
| $150k Static | $1,000 |
For Intraday and EOD accounts, the maximum drawdown trails upward from the account’s high-water mark, specifically the highest balance (or highest intraday equity, for Intraday accounts) reached during the evaluation. For Static accounts, the maximum drawdown is a fixed minimum balance that the account cannot fall below; it does not trail from anything and does not move. The drawdown level is enforced in real time for all account types. Touching the limit with an open position results in auto-liquidation and evaluation failure.
Daily Loss Limit
TradeDay does not impose a firm-level daily loss limit at the evaluation stage. The only hard rule is the maximum drawdown limit. Traders can set a voluntary daily loss limit through the Tradovate platform’s risk settings, but this is an optional self-management tool, not a rule imposed by TradeDay.
Drawdown Calculation Method
The drawdown calculation method differs by account type at the evaluation stage.
Intraday trailing applies to the Intraday account. The drawdown level moves up in real time as unrealized or realized profit grows during the session. Intraday highs set the high-water mark, meaning that if a trader has an open position in profit during the day, the drawdown level rises immediately off that unrealized equity peak, even if the position later loses money and closes flat.
EOD trailing (end-of-day trailing) applies to the EOD account. The drawdown level only updates at the end of each trading day based on the closing balance. Intraday highs do not move the level. If a trader gains during the morning session but loses it back by the close, the drawdown level stays unchanged. Even though the level only updates at the end of day, traders must not let their account equity fall below the active drawdown level at any point during the day; doing so still triggers auto-liquidation.
Static applies to the Static account. The drawdown level is fixed at account creation and never moves, regardless of profits. It is a fixed minimum balance the account cannot fall below.
Drawdown Lock
For Intraday and EOD accounts, the trailing maximum drawdown continues to trail the account’s growth until it reaches the starting account balance. At that point it stops trailing and freezes at the starting balance. The account cannot go below the starting balance from that point forward. For Static accounts, there is no trailing behavior; the drawdown level is fixed from the start and never changes.
Consistency Rule (Evaluation)
A consistency rule applies during the evaluation stage. No single day’s profit may exceed 30% of the total profits made to date. The rule is calculated as: the day’s profit divided by the total profits earned so far on the evaluation. If a day’s profit exceeds 30% of total profits to date, the profit target increases; the trader must continue trading until that day represents 30% or less of the total.
Exceeding 30% on a given day is not a rule breach and does not fail the evaluation. The profit target simply rises to compensate. To calculate the new required total, divide the best day’s profit by 30%.
Minimum Trading Days
A minimum of 5 trading days is required to pass the evaluation. The days do not need to be consecutive. Every day a trade is placed counts toward this objective. If the profit target and consistency objectives are met in fewer than 5 days, trading must continue in the same style and scale until the 5 days are complete.
Traders who reach the funding zone early and visibly reduce their activity, for example by scratching micro contracts rather than trading their normal strategy, risk having the evaluation extended beyond 5 days at TradeDay’s discretion. Subscriptions taken out before September 13, 2025 required 7 trading days; subscriptions after that date require 5.
Time Limit
There is no upper time limit on the evaluation. Traders can take as long as they need to complete the three objectives without breaking the maximum drawdown rule.
Position Size & Contract Limits
Rules differ across account lines. See the table below.
| Account | Max Contracts | Max Micros |
|---|---|---|
| $50k Intraday / $50k EOD | 5 | 50 |
| $100k Intraday / $100k EOD | 10 | 50 |
| $150k Intraday / $150k EOD | 15 | 50 |
| $50k Static | 1 | 10 |
| $100k Static | 2 | 20 |
| $150k Static | 3 | 30 |
TradeDay applies micro equivalency: a micro contract counts as one-tenth of a standard contract. Contracts and micros can be combined up to the standard contract limit. The maximum micro position across all account types (for Intraday and EOD) is capped at 50 lots due to liquidity and slippage risk in the micro order book. Accidental position limit breaks do not automatically fail the evaluation, but persistent abuse of position limits will result in account closure.
Activation Fee
There is no activation fee at TradeDay. Passing the evaluation grants direct access to the Funded Sim account at no additional charge.
Funded Account Rules
Upon passing the evaluation, traders are placed in a Funded Sim account, a simulated trading account where profits are real but the capital is not. A Funded Live account, where traders trade real capital on the Exchange, is a separate stage reached through a performance review process.
TradeDay states that the funded account uses the same drawdown type and limits as the evaluation the trader passed.
Drawdown Rules (Funded Sim)
Trailing Drawdown Values
The maximum drawdown values at the Funded Sim stage match those of the evaluation account passed. For Intraday and EOD accounts, the drawdown trails from the account’s high-water mark, specifically the highest balance (or highest intraday equity, for Intraday accounts) reached during the funded stage. For Static accounts, the drawdown level is fixed at account creation and does not trail from anything. Rules differ across account lines. See the table below.
| Account | Starting Balance | Max Drawdown (Funded Sim) |
|---|---|---|
| $50k Intraday / $50k EOD | $50,000 | $2,000 |
| $100k Intraday / $100k EOD | $100,000 | $3,000 |
| $150k Intraday / $150k EOD | $150,000 | $4,000 |
| $50k Static | $50,000 | $500 |
| $100k Static | $100,000 | $750 |
| $150k Static | $150,000 | $1,000 |
Daily Loss Limit
No firm-imposed daily loss limit applies at the Funded Sim stage. The only enforced rule is the maximum drawdown limit. Traders may voluntarily set a daily loss limit via Tradovate’s risk settings, but this is a self-management feature, not a TradeDay requirement.
Drawdown Calculation Method
The drawdown calculation method at the Funded Sim stage is the same as the evaluation account the trader passed: Intraday trailing for Intraday account holders, EOD trailing for EOD account holders, and static for Static account holders. The definitions are the same as described in the evaluation rules above.
Drawdown Lock
For Intraday and EOD Funded Sim accounts, the trailing maximum drawdown continues to trail until it reaches the starting account balance, at which point it freezes. Once frozen, the account balance cannot fall below the starting account balance. If it does, trading is shut down and the funded account is lost. For Static Funded Sim accounts, the maximum drawdown limit is fixed throughout and does not change. Importantly, the static drawdown is not included in the balance transferred when a trader graduates from Funded Sim to Funded Live; only the net profit is transferred.
If the funded account is lost with a positive balance, TradeDay states that any profits in the account will be returned to the trader after the profit share, except for profits generated from trading Tier 1 data releases, trading outside permitted times, or trading found to be in breach of prohibited trade practices.
Consistency Rule (Funded Sim)
There is no consistency rule for funded traders. The consistency objective applies during the evaluation only.
Position Size & Contract Limits (Funded Sim)
Position limits at the Funded Sim stage are the same as those set during the evaluation and are mapped directly to the funded account when the evaluation is passed. The same contract and micro limits apply.
Position limits at the Funded Sim stage are fixed at the level of the evaluation passed. There are no balance-based scaling tiers. Accidental position limit breaches are not treated as rule violations, but continuous abuse will result in account closure.
Profit Split
The profit split is based on the trader’s lifetime withdrawals with TradeDay and works as follows:
- 80% to the trader on the first $50,000 of profits withdrawn (lifetime)
- 90% to the trader on profits withdrawn between $50,000 and $100,000 (lifetime)
- 95% to the trader on any profits withdrawn over $100,000 (lifetime)
Buffer zone profits (that is, profits withdrawn from below the buffer level) are subject to a separate 50%/50% split in all cases.
Payout Rules
First Payout Requirements
A trader must first clear the buffer zone before requesting any payout. The buffer zone is defined as the point at which the account balance equals the starting account balance plus the maximum drawdown. For a $50k Intraday or EOD account, this means the balance must reach $52,000 before the first withdrawal can be requested. Payouts can be requested from day one (after end-of-day settlement) once the buffer is cleared. The minimum payout request is $250.
Subsequent Payout Requirements
The buffer zone must remain cleared for all subsequent payout requests. The minimum payout of $250 applies to every request. After the third withdrawal request, TradeDay may consider moving the trader to a Funded Live account; if they decide to proceed, the trader will be contacted directly. Trading is not automatically halted at this point.
Payout Frequency
Traders can make a daily withdrawal request once the buffer zone has been cleared. Requests submitted before 5:30 pm CT are processed within 24 hours on business days.
Payout Buffer
Rules differ across account lines. See the table below.
| Account | Starting Balance | Max Drawdown | Buffer Level (Balance Required) |
|---|---|---|---|
| $50k Intraday / $50k EOD | $50,000 | $2,000 | $52,000 |
| $100k Intraday / $100k EOD | $100,000 | $3,000 | $103,000 |
| $150k Intraday / $150k EOD | $150,000 | $4,000 | $154,000 |
| $50k Static | $50,000 | $500 | $50,500 |
| $100k Static | $100,000 | $750 | $100,750 |
| $150k Static | $150,000 | $1,000 | $151,000 |
Withdrawals that take the account balance below the buffer level are still permitted, but the portion withdrawn from within the buffer is subject to a 50%/50% profit split rather than the standard tiered split. For example, on a $50k account with a $54,000 balance and a $52,000 buffer: a $3,000 withdrawal would result in the first $2,000 above the buffer being paid at the 80/20 split ($1,600 to the trader), and the remaining $1,000 below the buffer being paid at 50/50 ($500 to the trader), for a total payout of $2,100.
Daily Progression Rule
No daily progression rule applies to Funded Sim accounts.
Payout Caps & Limits
No per-request maximum payout cap applies to Funded Sim accounts. The minimum payout is $250.
Scaling Plan
Position limits at the Funded Sim stage are fixed to the evaluation account the trader passed, with no balance-based scaling tiers. Position limits from the evaluation are mapped directly to the funded account, and micro equivalency (10 micros per 1 standard contract) carries over. The maximum micro position remains capped at 50 lots for Intraday and EOD accounts.
Live Account Pathway
TradeDay operates a milestone-based review system for moving Funded Sim traders to Funded Live. Funded Sim traders are reviewed at every $5,000 of gross profit (profits in the account plus any withdrawals already taken), at $5,000, $10,000, $15,000, and $20,000 milestones.
When a milestone is reached, the trader must stop trading. During the end-of-day run at 4:30 pm CT, account access is automatically paused. The trading team reviews the account overnight and decides whether to offer an extension to the next milestone in the Funded Sim or move the trader to a Funded Live account. The aim is to complete the review before the US cash equity market opens the next day. Any profits earned above the milestone level before the review is conducted are forfeited.
TradeDay may also consider moving a trader to Funded Live after the third withdrawal request, though trading is not automatically halted in this case.
The selection process is discretionary; the Head of Trading makes the decision based on account performance and how the account is being managed.
The Funded Live account is a real capital sub-account of TradeDay’s master account at its broker. The trader is considered a market professional by the Exchange at this stage. Only net profits (gross profits minus withdrawals) are transferred from the Funded Sim; no additional drawdown is transferred. The minimum amount that can be transferred is $1,000. The maximum drawdown limit at the Funded Live stage is set to $0 on transfer.
Funded Live accounts are subject to a slippage buffer rule not present at the Funded Sim stage. Rules differ across account sizes. See the table below.
| Account | Slippage Buffer |
|---|---|
| $50k Funded Live | $500 |
| $100k Funded Live | $750 |
| $150k Funded Live | $1,000 |
If trading losses cause the Funded Live balance to fall below the slippage buffer, all open positions are automatically liquidated. Any remaining funds after liquidation are paid to the trader at the 80/20 split.
Funded Live traders must also purchase professional market data at $156 per month per Exchange; this fee does not apply to Funded Sim traders. Setting up a Funded Live account takes approximately 5 days due to broker and clearing firm KYC and AML processes.
Canadian traders outside Ontario are not eligible for Funded Live accounts. They may remain in a Funded Sim account indefinitely.
Trading Rules & Restrictions
Permitted Instruments
TradeDay permits futures trading only across CME, CBOT, NYMEX, and COMEX. The product list covers equity index futures (ES, NQ, RTY, YM, NKD and their micro equivalents), FX futures pairs (6A, 6B, 6C, 6E, 6J, 6S, 6N, M6E), bond futures (ZT, ZF, ZN, ZB, UB, TN), energy futures (CL, MCL, QM, QG, NG), metals futures (GC, MGC, SI, SIL, HG, PL), and agricultural futures (HE, LE, ZS, ZC, ZL, ZM, ZW).
As of February 11, 2026, temporary restrictions are in place on certain metals. Gold (GC), Silver (SI), Copper (HG), and Platinum (PL) are currently restricted on all account types. Micro Gold (MGC) and Micro Silver (SIL) remain available but are subject to a reduced maximum position limit of 4 lots across all account tiers. These restrictions apply to both simulation and live accounts until further notice.
Stocks, options, forex (spot), cryptocurrency, and CFDs are not permitted.
Trading Hours & Overnight Policy
TradeDay describes the trading session for most CME products as running from 5:00 pm CT (market open) through to 4:00 pm CT the next day, with a daily close at 4:00 pm CT. Different products have different closing times; agricultural products, for example, close earlier than most other CME Group products.
Traders must exit all positions 10 minutes before the daily market close. For most products, TradeDay auto-liquidates open positions at 3:50 pm CT. For products with a different closing time, the trader is responsible for being flat before that product’s close. Overnight trading is permitted; a position can be opened after 5:00 pm CT and held into the next trading day, but must be closed before 3:50 pm CT the following day.
Accidental breaches of permitted trading times are not treated as evaluation failures, but traders who persistently abuse this guideline will lose their account. For TradeDayX Funded Live traders specifically, the clearing broker Plus500 requires all positions to be closed by 3:00 pm CT.
News Trading Policy
Trading during Tier 1 economic data releases is not permitted. TradeDay defines the following as Tier 1 releases:
All products: FOMC minutes (1:00 pm CT), FOMC interest rate decision (1:00 pm CT), US CPI (7:30 am CT), Non-Farm Payrolls (7:30 am CT).
Oil contracts only: Crude Oil Inventories / EIA (9:30 am CT / 10:00 am CT pending abbreviated trading hours).
Gas contracts only: Natural Gas Inventories / EIA (9:30 am CT).
Agricultural contracts only: Crop production reports (11:00 am CT).
TradeDay auto-liquidates all open positions 2 minutes before each Tier 1 release and opens markets back up 2 minutes after. Times are subject to change and traders are responsible for being aware of upcoming releases. Accidental breaches do not fail the evaluation, but traders found to be deliberately trading Tier 1 releases will lose their account. The news trading policy applies at both evaluation and funded stages.
Expert Advisors & Copy Trading
Automated trading via EAs and custom algorithms is permitted, provided they run through a supported platform: NinjaTrader, Tradovate, TradingView, Jigsaw, or Quantower. TradeDay does not expose the Tradovate API directly, so fully external automated systems cannot connect without using one of these supported platforms.
Third-party bots and algos purchased from external vendors and deployed by the trader are prohibited. If multiple users are found to be making identical trades, indicating shared third-party systems, all accounts involved will be shut down and users suspended.
Copy trading is permitted. Traders can copy trades from their personal account elsewhere into their TradeDay evaluation or funded account. Copy trading between Funded Sim accounts is also permitted. However, Funded Live and Funded Sim accounts cannot be traded simultaneously, and copy trading between these two account types is not allowed. Each account type must be managed independently.
Traders can have up to 6 accounts at any one time. Copy trading across up to 3 Funded Sim accounts is permitted.
Prohibited Practices
The following practices are explicitly prohibited by TradeDay and will result in account termination, denial of funding, or forfeiture of profits:
Using third-party trading bots or automated trading systems purchased from external vendors, or any automated system that multiple users deploy simultaneously. High-frequency scalping strategies that produce more than 200 trades per day, or strategies designed to capture queue position advantage by gaming the simulated matching engine. Order splitting, defined as entering multiple orders at the same price at the same time. Strategies that exploit gaps or illiquid markets to profit from stray fills. Deliberately exploiting the absence of slippage in the simulated environment, such as bracketing Tier 1 data releases. Trading outside the best bid or offer. Using an external or delayed data feed. Hedging, defined as simultaneously holding a long position in one account and a short position in another account in the same product. Using a VPN, VPS, or any software designed to mask IP address location. Signing up under multiple usernames or multiple users per household. Performing trades intended to manipulate, abuse, or gain an unfair advantage, including through coordinated trading across connected accounts. Trading within 2% of a CME price limit on funded accounts.
All profits generated through prohibited practices are subject to forfeiture.
Additional Rules
Multiple Account Rules
Traders can hold up to 6 accounts at any one time, counted across all account types. The maximum breakdown is 6 evaluations total, up to 3 Funded Sim accounts, and 1 Funded Live account. When more than 3 evaluations are passed, the additional passed accounts are queued and only activated as Funded Sim slots open. A trader in an active Funded Live account cannot purchase additional accounts until they are off-boarded. Multiple accounts must all use the same trading platform; a trader cannot split accounts across different platforms.
Inactivity Policy
TradeDay does not charge inactivity fees and does not impose minimum trading requirements on funded traders. However, a funded account that is inactive for 30 days without prior consent will be considered dormant and closed.
One Username / One Household Rule
Traders may have only one username, and only one user per household is permitted. Signing up under different usernames or email addresses is a prohibited practice.
VPN/VPS Policy
Virtual private servers are not permitted. Traders using VPNs or any IP masking software (including browser privacy extensions and Apple’s Private Relay service) are required to switch off the service and trade from the registered location. IP security checks may be triggered when moving to a Funded Live account, on payout requests from Funded Sim, and when reaching Funded Sim milestones.
Price Limit / Circuit Breaker Rule
Funded traders are not permitted to trade within 2% of a CME price limit. Breach of this rule results in loss of the funded account.
Hedging Prohibition
Hedging, defined as simultaneously going long in one account and short in another account for the same product, is prohibited. Traders caught hedging will be off-boarded and suspended, and all profits in funded accounts will be forfeited.
Trading Platforms
Available Platforms
TradeDay supports Tradovate as its primary platform, which is both web-based and available as a downloadable desktop application. It runs on Mac OS, Windows, iOS, and Android. Market data runs via the CQG data feed. NinjaTrader 8 is supported and fully integrated with Tradovate; trades on either platform are reflected in the other. NinjaTrader is free for TradeDay members during the evaluation and funded stages, and traders can use their own Multi-broker or Single-broker license. TradingView and Jigsaw are also supported via Tradovate integration, but traders must supply their own TradingView and Jigsaw LIVE licenses. Quantower is also listed as a supported platform for automated trading. TradeDayX is available as an alternative platform with different commission rates via the Plus500 clearing relationship.
NinjaTrader’s own mobile application does not work with TradeDay evaluation accounts. The Tradovate mobile app does. Funded Live traders cannot have Tradovate and NinjaTrader open simultaneously due to market data restrictions.
Data Feeds & Connectivity
Level 1 (Top of Book) market data for all CME Group exchanges is included at no extra cost for evaluation and Funded Sim traders. Funded Live traders must purchase professional market data at $156 per month per Exchange, as they are classified as market professionals by the CME at that stage.
Level 2 (Depth of Market) data is not included for any account type and must be purchased separately. For Tradovate, NinjaTrader, and connected platforms, Level 2 data is available as a bundle purchase inside the Tradovate platform at $49 per month (all exchanges). For TradeDayX platform users, Level 2 data is available through the shop inside the members’ area. Level 2 data expires at the end of the calendar month in which it is purchased and must be renewed on the first of the following month.
Billing & Account Management
Subscription Model
The evaluation operates on a monthly subscription that recurs every 30 days from the date of sign-up. The subscription covers access to TradeDay’s members’ area and one evaluation attempt. There is no requirement to pass within one billing cycle; traders can take as long as they need. If a trader is in an active evaluation when the subscription renews, the evaluation is not reset. If a trader has failed the evaluation and their account status shows “not being evaluated” at the point of renewal, TradeDay automatically processes a free reset.
When the evaluation is passed, monthly subscription billing is cancelled. Funded traders retain access to the members’ area for the duration of their funded account at no additional charge. Subscriptions cannot be paused and cannot be upgraded or downgraded between evaluation types; traders who wish to switch must cancel and begin a new subscription, which restarts the evaluation.
Resets
A reset restarts the evaluation immediately upon purchase and is independent of the billing cycle. Reset fees differ by account type. See the table below.
| Account | Reset Fee |
|---|---|
| $50k Intraday | $80 |
| $50k EOD / $50k Static | $104 |
| $100k Intraday / $100k EOD / $100k Static | $124 |
| $150k Intraday / $150k EOD / $150k Static | $149 |
A reset does not change the billing date. Traders must have an active subscription to purchase a reset. Traders can also choose to wait for the subscription renewal, at which point TradeDay will process a free auto-reset if the account status is “not being evaluated” at the time of payment. Auto-resets are not banked for later use; they only trigger if the account is in a failed state when the payment processes.
The reset fee is distinct from the monthly subscription cost. For the $50k Intraday account, the reset costs $80 while the monthly subscription is $125. For EOD and Static accounts at the $50k tier, the reset at $104 is less than the monthly subscription of $175 and $165 respectively.
Payouts & Withdrawals
This section covers how money moves out of TradeDay accounts. Payout eligibility rules (buffer zone, minimum amounts, profit split structure, and frequency) are covered under Funded Account Rules above.
Payment Methods
Payouts are processed through Riseworks, TradeDay’s payment partner. Two payout methods are available: bank wire and crypto. Traders must onboard with Riseworks via an invitation sent after passing the evaluation; direct sign-up through the Riseworks website is not permitted.
Withdrawal fees differ by method:
- US bank wire: Free
- International bank wire: $15 per withdrawal
- Layer 1 crypto withdrawals: $2.50 per withdrawal plus estimated gas fees
- Layer 2 crypto withdrawals: Free
Additional fees may apply depending on the destination bank’s country and legislation. TradeDay states it has no control over these additional charges.
Processing Times
Payout requests submitted before 5:30 pm CT are processed within 24 hours on business days. Requests submitted after that cutoff are processed the following business day.
Tax & Eligibility Requirements
Funded traders at TradeDay are classified as independent contractors, not employees. US citizens who withdraw more than $600 in a tax year receive a 1099-NEC form. Non-US citizens do not receive this form. TradeDay is not a tax advisory service and does not provide guidance on tax reporting in other jurisdictions.
Traders are subject to KYC and AML background checks through Riseworks (for Funded Sim payouts) and through the broker and clearing firm (for Funded Live). Government-issued ID and a bank statement or utility bill as proof of address are required.
US-based single-member LLCs are permitted for payout purposes. Multiple-member LLCs, S-corps, C-corps, and international businesses are not accepted. Personal information must be entered at account opening; the LLC details can be entered at Riseworks for payout purposes. Setting up a single-member LLC at Riseworks involves a manual KYC process and takes additional time.
Traders must not be citizens or residents of countries on TradeDay’s prohibited countries list. Canadian traders outside Ontario are eligible for Funded Sim accounts but not Funded Live accounts.