TradeDay is a futures trading platform that funds traders who pass their evaluation process. The company helps people get into the futures market without risking their own money.
TradeDay takes a direct approach to trader funding and offers a solid support system. Let’s dig into what makes TradeDay’s services tick.
Funded Accounts
There are two types of funded accounts: Funded Sim and Funded Live. To get either one, traders have to pass an evaluation first.
The evaluation checks if traders can stick to risk management rules and show consistent trading skills. Funded Sim accounts use simulated markets, so traders can earn real money without paying for live market data.
These accounts are a good place to start if you want to focus on strategy without extra fees. Funded Live accounts connect you to real markets through official exchanges, but you’ll need to pay market data fees.
With Funded Live, you get the authentic market experience. All funded traders start with profit-sharing right from the beginning.
Getting funded with TradeDay is a three-step process:
- Join the platform and use the educational resources.
- Finish the evaluation, which can take as little as seven days.
- Get funded with 80% profit-sharing at first, and a shot at reaching 95%.
Account sizes go from $50,000 up to $150,000. During evaluation, you’ll pay different monthly fees depending on the account size.
If you pass, there’s a one-time setup fee of $139 per funded account. TradeDay covers most costs for funded traders, except for market data fees on live accounts.
One thing that really sets TradeDay apart is its early payout system. Traders can get their first payout as soon as they’re funded, no need to hit profit targets before withdrawing earnings.
Multiple Accounts
With TradeDay, you can trade up to 3 accounts at the same time. This can make it more compelling to trade three $50,000 accounts instead of trading one $150,000 account.
Trading Platforms
TradeDay works with several trading platforms, so traders can pick what fits them best:
- TradeDayX: The in-house trading platform by TradeDay
- Tradovate: A web-based platform for futures trading, with modern features and mobile access
- NinjaTrader: A desktop platform with advanced charting and analytics
- TradingView: Known for its social network and easy-to-use interface
- Jigsaw Trading: Focuses on order flow analysis
These platforms all connect with TradeDay’s system. You can trade from your phone, your laptop, pretty much anywhere.
TradeDay gives you real-time market data on these platforms. You can analyze markets, place trades, and keep an eye on your performance from wherever you are.
There are extra tools too, like 24-hour market commentary and news services that professional trading firms use. For education, TradeDay includes technical analysis research from The MarketChartist.
This research helps traders sharpen their technical skills and understand the markets better.
Costs
TradeDay’s costs depend on the account type and where you are in the process.
Evaluation Phase Costs:
- Monthly subscription fees during evaluation:
- $50,000 account: $125-$165/month
- $100,000 account: $220-$275/month
- $150,000 account: $300-$375/month
- $99 reset fee if you break the rules during evaluation
- Free resets if you renew your monthly subscription
Post-Funding Costs:
- $139 one-time setup fee for each funded account
- No monthly membership fees after you’re funded
- For Funded Live accounts only:
- $140/month per exchange for professional market data
- Trading commissions come out of your account balance
- $2/month credit card processing fee
Profit Sharing:
- You keep 80%-90% of profits.
- No limits on how often you can withdraw
- $250 minimum withdrawal, processed within a week
TradeDay also has a CoPilot membership for $24/month. This gives traders access to TradeDay’s resources without going after funding.
The CoPilot membership includes educational content, research, market analysis, and community access.
Pros and Cons
Pros:
- Get immediate profit sharing from the first day of funding.
- Profit splits can reach up to 95% with a 80% minimum.
- Daily webinars and lots of educational resources are available.
- There’s a strong community on Discord and the forums.
- You can pick between simulated or live funding, nice to have options.
- No monthly fees after you’re funded, unless it’s for live account data.
Cons:
- You’ll need to pay monthly subscription fees during the evaluation phase.
- Each new funded account comes with a $139 setup fee.
TradeDay puts real effort into practical trader development, not just chasing quick profits. They mix education, mentoring, and tech to help traders actually get better in the futures markets.
The company really leans into building sustainable trading skills, and the leadership team has some serious trading and industry chops.