Score Breakdown
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Quick Take: TradeDay is a Chicago-based CME futures prop firm founded in 2020, scoring 8.3/10 in our tradeday review. It runs a single-phase evaluation across $50K, $100K and $150K sizes, with the $50K Quick Pay around $62 a month under the current promotion. The firm’s clearest strength is payout speed: most requests clear inside 24 hours, and Quick Pay lets you cash out from day one of funding with no buffer. Two named founders with hedge-fund and bank backgrounds give it more pedigree than most newer prop firms, and US residents are accepted without restriction. Drawdown comes in two styles, an intraday trailing limit or a gentler end-of-day calculation, so you can match the risk model to how you trade. Coming from spot forex? You can start on FX futures (6E euro, 6B pound, 6J yen) on the familiar TradingView platform, which trade much like the pairs you know. Strongest fit for US, UK, UAE and Australian traders who want the fastest payout cycle in the prop tier, the competitive 90/10 Live split, and a single-phase evaluation with no two-step process.
TradeDay earns its rating on payout speed, a credible six-year operating record with named institutional founders, and the flexibility of choosing an intraday or end-of-day drawdown model. The trade-offs are a recurring monthly subscription rather than a one-time fee, no fee refund on first payout, and instrument coverage limited to CME-group futures rather than the multi-asset spread forex-prop rivals offer.
Best for
- Payouts processed within 24 hours, with day-one cash-out on the Quick Pay funded program
- Founded 2020, with over $10 million in payouts published by the firm and two named institutional founders
- Choice of intraday trailing or gentler end-of-day drawdown on every account size
Watch out for
- Recurring monthly subscription rather than one-time entry fee, and no fee refund on first payout
- Instruments limited to CME-group futures only, no spot forex, no CFDs, no spot crypto
Not suitable for: Traders who only want spot forex or CFDs, Canadian and Russian residents, and traders who want a refundable one-time entry fee
Pros
- $50K evaluation from about $62 a month under the current promotion
- 90/10 profit split once you reach a Live funded account
- NinjaTrader, Tradovate, TradingView and Jigsaw all supported
- Single-phase evaluation, no two-step process to clear
- Micro contracts allow granular position sizing on small accounts
Cons
- Recurring monthly subscription, no fee refund on first payout
- CME-group futures only, no spot forex, CFDs or crypto
- Quick Pay starts at a 50/50 split below $4,000 net profit
Safety and Regulation
For this tradeday review, the safety assessment starts with operating history and structure. TradeDay LLC is incorporated in Illinois and based in Chicago, founded in 2020, with its first funded-trader payouts running in 2021. By December 2025 the firm published more than $10 million in cumulative payouts (a self-reported figure, not independently audited). That puts it among the more established names that came out of the post-2020 prop boom, even if it is younger than the 12-year Topstep record.
Toggle full Safety and Regulation breakdown
Like every prop firm, TradeDay is not a regulated broker and holds no client deposits. The only money you pay the firm is the monthly subscription on the evaluation. Funded-stage capital is the firm’s own balance-sheet exposure, traded on a simulator that mirrors live CME pricing before graduating to live capital.
Because there are no customer deposits, there is no SIPC or FSCS investor-compensation scheme (the US and UK safety nets that repay clients of a failed broker). What protects you is the firm’s continuing solvency and its payout record.
Two trust signals stand out here. First, founder visibility: James Thorpe (CEO) previously ran Mercury Derivatives and Clear Capital Group, and Steve Miley (COO) spent 13 years as head of technical analysis at Merrill Lynch and Credit Suisse before founding the Market Chartist research group. Named founders with verifiable bank and hedge-fund careers are uncommon in an industry full of anonymous operators. Second, payout transparency: the firm publishes cumulative payout totals and runs an active public community.
The CME-group contracts TradeDay traders use sit under CFTC and NFA (the two US futures regulators) oversight on the exchange side. That regulation covers the futures market itself, not the prop arrangement, so do not read it as protection for your subscription fee. The genuine risk, common to all prop firms, is counterparty risk: TradeDay is the sole counterparty to your funded account.
I mitigate this the same way across every firm, by withdrawing promptly and treating funded capital as a payout stream rather than long-term equity. I run accounts at TradeDay, FundedNext and Topstep in parallel for that diversification.
Challenge Rules
TradeDay runs a single-phase evaluation (one stage, not a two-step Phase 1 plus Phase 2 process). You subscribe, get immediate access to a simulated CME account at your chosen size, and trade until you hit the profit target or breach a risk rule. The firm splits this into two programs, Quick Pay and Fast Pass, which differ mainly on drawdown calculation, minimum trading days and how the profit split starts.
Toggle full Challenge Rules breakdown
A few terms to define first. The profit target is the net gain you must reach to pass. The daily loss limit caps how much you can lose in a single session. The maximum drawdown is the total your account can fall from its highest point before it locks.
TradeDay offers that drawdown in two styles: intraday trailing (the limit follows your highest equity in real time during the day) or end-of-day, EOD (the limit only updates on your closing balance, ignoring intraday floating profit, which is the gentler model for most traders).
Quick Pay program
| Account size | Monthly (promo) | Profit target | Max drawdown | Min trading days | Funded split |
|---|---|---|---|---|---|
| $50K | ~$62 | $3,000 | $2,000 | 5 | 50/50 to $4K, then 80/20, 90/10 Live |
| $100K | ~$110 | $6,000 | $3,000 | 5 | 50/50 to $4K, then 80/20, 90/10 Live |
| $150K | ~$165 | $9,000 | $4,500 | 5 | 50/50 to $4K, then 80/20, 90/10 Live |
Fast Pass program
| Account size | Monthly (promo) | Profit target | Max drawdown | Min trading days | Funded split |
|---|---|---|---|---|---|
| $50K | ~$89 | $3,000 | $2,000 | 3 | 80/20 sim, then 90/10 Live |
| $100K | ~$140 | $6,000 | $3,000 | 3 | 80/20 sim, then 90/10 Live |
| $150K | ~$225 | $9,000 | $4,500 | 3 | 80/20 sim, then 90/10 Live |
The single-phase structure with a low minimum-trading-day count (5 on Quick Pay, 3 on Fast Pass) is faster than the two-phase models at FTMO and FundedNext. A disciplined trader can clear the $50K target inside a strong week.
The practical decision between programs is this: Quick Pay if you want to pull money out early and accept the slower 50/50 starting split, Fast Pass if you are confident of a larger first cycle and want the 80/20 split from the start of funding.
TradeDay does not restrict news trading, and there is no aggressive single-day profit-concentration cap of the kind some rivals apply. The drawdown choice is the real risk lever. The EOD model is the one I steer most newer traders toward, because it removes the stress of an intraday trailing stop snapping shut after a good morning gives back open profit.
Resets on a failed evaluation are available per account size (about $60 on the $50K Intraday, rising with size and program), which is cheaper than buying a fresh subscription but does not reset the maximum-loss buffer.
Account Types
TradeDay offers three account sizes across two programs: Quick Pay and Fast Pass. Both run a single-phase evaluation. The $50K account starts around $62 a month, the $100K near $110, and the $150K near $165 under the standing promotion. The key difference between programs is payout flexibility versus starting split, Quick Pay pays from day one, Fast Pass starts higher at 80/20.
- $50K evaluation: ~$62/mo (Quick Pay Intraday), $3,000 profit target, $2,000 max drawdown, 5 minimum trading days
- $100K evaluation: ~$110/mo (Quick Pay Intraday), $6,000 profit target, $3,000 max drawdown
- $150K evaluation: ~$165/mo (Quick Pay Intraday), $9,000 profit target, $4,500 max drawdown
- End-of-day (EOD) variant: drawdown measured on closing balance only, not intraday peak, gentler model for discretionary traders
- Fast Pass variant: higher starting split (80/20 sim) and 3 minimum trading days, but no day-one payout flexibility
Toggle full Account Types breakdown
What Counts as a “Trading Day”?
The minimum-trading-days requirement (5 on Quick Pay, 3 on Fast Pass) is one of the most misread rules, so it is worth pinning down. A trading day counts when you take at least one trade that day, not a minimum number of trades and not a minimum volume. One genuine position opened and closed in a session registers the day toward the count.
What does not count: a day with zero trades, or simply leaving the platform open. The requirement exists to stop a trader passing on a single lucky trade, so the days must be separate calendar trading days, not five trades stacked into one session.
For a forex trader used to demo accounts with no day requirement, plan for this: even if you hit the $3,000 profit target on day two, you cannot pass until the fifth qualifying trading day on Quick Pay. Spread small qualifying trades across the week if you reach the target early.
Which Account Size to Start On
The three sizes are not just bigger versions of each other; the maximum-loss buffer scales differently from the profit target, which changes the risk-to-reward of each tier.
- $50K (target $3,000, buffer $2,000): the cheapest entry and the tightest buffer, best for a trader testing the firm or trading Micros with small per-trade risk
- $100K (target $6,000, buffer $3,000): the buffer grows slower than the target, so the cushion is proportionally tighter; suits a trader confident in their drawdown control
- $150K (target $9,000, buffer $4,500): the largest target and buffer, only worth the higher monthly fee if your strategy genuinely uses the extra size
For most first-time TradeDay traders, and especially anyone bridging from forex, the $50K is the right starting tier. It keeps the monthly cost low while you learn the contract mechanics, and a reset is cheaper than a fresh subscription if the first attempt fails.
Payout Process
| Stage | Timing | Method | Fee | Min payout |
|---|---|---|---|---|
| Quick Pay first payout | Day one of funding, any positive balance | Bank transfer / Wise | $0 | None |
| Fast Pass first payout | After minimum trading days met | Bank transfer / Wise | $0 | Low threshold |
| Recurring payouts | On demand, processed within 24h | Bank transfer / Wise | $0 | None |
| Profit split applied | Per payout | 90/10 on Live | n/a | n/a |
Payout speed is the headline reason to use TradeDay. Across the futures-prop firms I track, this is the fastest cadence I have recorded. Most requests are processed within 24 hours, and the Quick Pay program removes the usual friction entirely: once funded, you can request a payout from day one, from any positive balance, with no buffer to clear and no minimum funded period.
In my recent testing on a $50K Quick Pay funded account, a bank-transfer request cleared inside 24 hours, confirmed across multiple on-demand cycles. International traders are paid by bank transfer or Wise, which keeps cross-border fees low and clearance to a few business days at most. There is no fixed weekly or monthly payout window, which is the practical advantage over schedule-based rivals.
The one thing to plan for: there is no challenge-fee refund. The monthly subscription is not returned when you take your first payout, unlike FTMO and FundedNext where the entry fee comes back with the first funded cash-out. So the practical cost of getting funded with TradeDay is the accumulated subscription months, not zero.
Scaling Plan
TradeDay lets funded traders grow their footprint through account scaling and by running more than one account, rather than auto-inflating a single balance after every milestone.
- Single-phase to funded: pass the evaluation once and move straight to a funded simulator account, then to Live capital after a consistency period
- 90/10 Live split carries over: once on Live capital the 90% trader share applies to every payout on that account
- Multiple accounts: experienced traders run more than one funded account in parallel to spread risk across separate drawdown buffers
- Drawdown model per account: each account keeps its own intraday or end-of-day setting, so you can run a conservative EOD account alongside a tighter intraday one
- Reset rather than restart: a failed evaluation can be reset for a fee instead of buying a new subscription, preserving your place in the program
For a futures trader running a clean equity-index strategy, the path is straightforward: pass a $50K evaluation, run the funded account to Live, then add a second account once the first is paying. Two parallel $50K Live accounts give an effective $100K base with the drawdown discipline applied per account rather than aggregated, so a single bad day on one does not end the other.
Worked through, the math favours two accounts over one bigger one. A $100K Quick Pay evaluation costs around $110 a month for a $6,000 target against a single $3,000 buffer.
Two separate $50K accounts cost roughly $124 combined ($62 each) and give you two independent $2,000 buffers totalling $4,000. You can also set one to the gentler end-of-day model and the other to intraday.
The extra $14 a month buys risk isolation. Blowing one account’s buffer leaves the second untouched, where a single $100K account would be fully locked. Each account still pays the same 90/10 Live split independently.
Fees and Costs
The cost of TradeDay has three layers: the monthly subscription, the per-side commission, and live CME market-data fees. The headline “$62/mo” is only the first layer.
A realistic all-in cost to your first payout (the $50K Quick Pay over a two-month pass) lands closer to $594: roughly $124 in subscription, $110 in platform and data, and an estimated $360 in commissions. That is the honest number to plan around.
It also recovers fast. At the 90/10 Live split, a first funded month netting $2,000 returns $1,800 to you, clearing the whole entry cost in a single payout. The full breakdown sits in the cost table further down this section.
The monthly subscription is the fixed recurring cost. The $50K Quick Pay Intraday account runs around $62 a month under the firm’s standing 50% promotion (closer to $125 at standard pricing), with the $100K near $110 and the $150K near $165. End-of-day and Fast Pass variants cost a little more for the gentler rules or higher starting split.
The catch is the recurring billing: a trader who takes three months to pass the $50K pays roughly $186 in subscription before any funded payout, where a one-time $39 entry at FundedNext sits well below that. Where TradeDay wins back ground is the payout side, with the 90/10 Live split and the 24-hour clearance.
Per-side commissions run from roughly $1.80 per contract depending on the contract and data plan. CME Micro contracts sit at the lower end and full-size E-minis at the upper end. A round-trip (one buy plus one sell to open and close a position) therefore costs about $3.60 on the full-size E-minis, with Micros cheaper per contract.
These commissions, plus live data fees billed through the platform or data provider, come out of your share of funded profits rather than the firm’s slice. Budget for them when you model a funded month.
Reset fees are charged per account size (about $60 on the $50K Intraday, more on larger sizes and the EOD and Fast Pass variants). A reset returns the account to starting balance without resetting the maximum-loss buffer.
- $50K evaluation from about $62 a month under the current promotion
- Payouts processed within 24 hours, day-one cash-out on Quick Pay
- NinjaTrader, Tradovate and TradingView supported
- US clients accepted without restriction
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Monthly Subscription Tiers
The subscription model is the main billing difference between TradeDay and one-time-fee rivals. Under TradeDay’s standing 50% promotional pricing, approximate monthly rates across programs and account sizes are:
| Program | $50K | $100K | $150K |
|---|---|---|---|
| Quick Pay Intraday | ~$62 | ~$110 | ~$165 |
| Quick Pay EOD | ~$79 | ~$129 | ~$195 |
| Fast Pass Intraday | ~$89 | ~$140 | ~$225 |
| Fast Pass EOD | ~$105 | ~$165 | ~$250 |
Standard pricing without the promotion roughly doubles these figures. The promotion has run continuously since TradeDay’s launch and is not a short-window sale, but prices can change without notice, verify the current rate on the TradeDay site before committing to a program.
The EOD variant costs slightly more than the Intraday equivalent at the same account size. The premium buys a gentler drawdown calculation: the loss limit only updates on your daily closing balance rather than following intraday peak equity in real time. For discretionary traders who carry open profit through volatile sessions, the EOD model is worth the premium, it removes the risk of a strong morning reversing and snapping the account shut on an intraday trailing limit.
Per-Side Commissions and Market Data
Every CME futures prop firm layers commissions and data fees on top of the subscription. At TradeDay, per-side commissions run from approximately $1.80 per contract depending on contract type and the data plan. Full-size E-mini contracts (ES, NQ, YM, RTY) sit at the higher end; Micro contracts (MES, MNQ, MYM, M2K) sit at the lower end and are the practical default for most $50K evaluation accounts.
Live CME market data is billed separately through the platform or data provider rather than TradeDay directly. Budget roughly:
- NinjaTrader with Rithmic: real-time CME data approximately $30–55 per month at the tier needed for funded-account execution, delayed data is not adequate for intraday trading
- Tradovate live plan: market data bundled into the live-trading subscription tier, typically $25–40 per month
- TradingView real-time futures: available on paid plans ranging from $15–60 per month depending on the plan tier
- Jigsaw Trading: DOM data sourced via Rithmic, billed at the standard Rithmic CME market-data rate
These costs come from your share of funded profits, not the firm’s. A funded trader running NinjaTrader with live Rithmic data should budget approximately $50–90 per month in platform and data overhead on top of the subscription when modelling a funded month.
Modeling the Total Cost of Getting Funded
A realistic cost scenario for a trader who takes two months to clear the $50K Quick Pay Intraday profit target at promotional pricing:
| Cost item | Month 1 | Month 2 | Total |
|---|---|---|---|
| Subscription | $62 | $62 | $124 |
| Platform and data (est.) | $55 | $55 | $110 |
| Commissions (est. 50 round-trips) | $180 | $180 | $360 |
| Total pre-first-payout | ~$594 |
Where the Commission Estimate Comes From
The $360 commission line is the biggest variable in that table, so it is worth sanity-checking rather than taking on faith. A round-trip is one buy plus one sell (open and close), costing roughly $3.60 on a full-size E-mini at the $1.80-per-side rate. The $360 figure assumes about 50 full-size round-trips per month across two months, or roughly 25 a month, which is a moderate intraday pace of one to two trades a session.
How many round-trips you actually need depends on contract size and how aggressively you trade. To clear the $50K Quick Pay’s $3,000 target:
- Full-size E-mini (ES, NQ): a few large winners can do it; one ES point is $50, so a disciplined trader might clear $3,000 in 15–40 round-trips, putting commission around $55–$145 if you pass quickly
- Micro contracts (MES, MNQ): one-tenth the value, so it takes roughly 10x more round-trips for the same dollar gain, often 150–400 across the evaluation, but each round-trip is far cheaper
- The 50-round-trip table figure: a middle-ground estimate for a trader mixing Micros and full-size over two months, not a target to hit
For a forex trader starting on FX-futures Micros (M6E euro), expect the higher trade count. A Micro 6E moves in small dollar increments per tick, so reaching the $3,000 target takes many round-trips, closer to the upper end of the range than the full-size path. The upside is that each Micro round-trip is cheap, so even 200 of them keeps commission modest in dollar terms while you learn the contract.
The takeaway: if you pass fast on full-size contracts, real commission can run well under the $360 estimate. If you grind the target on Micros over many trades, total commission stays low per trade but the count climbs. Either way, model your own expected trade count rather than assuming the table figure.
At the 90/10 Live split, a first funded month generating $2,000 net profit returns $1,800 to the trader, recovering the full two-month entry cost in a single payout cycle. The breakeven timeline depends entirely on how fast you pass the evaluation.
A trader who cycles through four months before passing pays approximately $248 in subscription alone. Reset fees (approximately $60 on the $50K Intraday, scaled higher for EOD and Fast Pass variants) are cheaper than a fresh subscription month. Using a reset in the final week of a failed evaluation is almost always the better economic choice versus cancelling and resubscribing.
One billing difference versus one-time-fee rivals: FTMO and FundedNext return the challenge fee with the first funded payout; TradeDay does not. Where TradeDay compensates is payout speed (24-hour processing versus schedule-based rivals) and the day-one Quick Pay cash-out flexibility. Which model suits you depends on how fast you expect to pass the evaluation and how much you value immediate funded payout access.
Trading Platforms
TradeDay supports a focused set of futures platforms, each running on a Rithmic or Tradovate data feed. There is no MetaTrader here, because this is a futures firm, not a forex broker.
- NinjaTrader: advanced charting, strategy backtester and a deep third-party indicator ecosystem, the default for serious futures workflows
- Tradovate: modern cloud-native platform with a clean web and desktop experience and no local install required
- TradingView: native order routing from TradingView charts, the easiest route for traders arriving from forex or CFD backgrounds
- Jigsaw Trading: order-flow and depth-of-market tooling for tape-reading and scalping styles
The platform mix covers the main futures-trading approaches. NinjaTrader carries four capabilities the others lack as a set: custom strategy development in NinjaScript, tick-by-tick market replay, native ATM order automation, and a marketplace running into the thousands of third-party indicators. Tradovate suits traders who want a browser-first experience with nothing to install. TradingView is the most familiar charting layer for anyone coming from a forex or CFD platform, and order routing to a TradeDay account works natively.
Latency on the Tradovate and NinjaTrader stacks held steady during my testing in volatile sessions, with order routing fast enough for intraday equity-index scalping on MNQ and MES. Jigsaw layered cleanly on top for order-flow reading. The absence of MetaTrader will only matter to traders who specifically want MT4 or MT5 automation, which does not apply to a CME-futures workflow.
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NinjaTrader: Deepest Futures Workflow
NinjaTrader is the reference platform for serious CME futures work, and TradeDay’s integration gives full access to its capability set on a Rithmic data feed with direct CME market access.
- NinjaScript strategy development: build, backtest and deploy automated strategies entirely within the platform without external tools or additional licensing
- Third-party indicator ecosystem: thousands of community and commercial indicators, strategies and add-ons available through the NinjaTrader marketplace
- Advanced order types: OCO, bracket, ATM strategies and conditional orders built natively, so manual order management is optional rather than required
- Market replay: replay historical sessions tick-by-tick against real CME data for post-session review and strategy testing
The depth-of-market (DOM) ladder is NinjaTrader’s practical advantage for scalpers and tape readers operating in the equity-index complex. Position sizing on Micro contracts (MES, MNQ) is more precise with a visual DOM than with a point-and-click chart interface. I ran NinjaTrader and Tradovate side by side across two weeks of MNQ evaluation sessions; order confirmation on the Rithmic feed within NinjaTrader was noticeably faster during pre-market hours, though both platforms handled regular-hours execution without perceptible delay.
Tradovate: Clean Cloud-Native Alternative
Tradovate runs fully in the browser or via a lightweight desktop client, with no persistent local instance required. All positions and orders sync across devices without manual configuration, making it the lowest-friction platform for traders who move between machines or prefer a browser-first experience.
The Tradovate interface is cleaner and more modern than NinjaTrader, suited to traders who want a fast execution environment without the depth of NinjaTrader’s feature set. Built-in charting covers standard candlestick and indicator workflows, and the mobile app is among the cleanest for CME futures execution on iOS and Android. The trade-off versus NinjaTrader is depth: no automated strategy engine, no NinjaScript ecosystem, and fewer advanced order types.
TradingView: Familiar Charting with Native Order Routing
TradingView order routing to a TradeDay account is a direct on-ramp for traders arriving from a forex or CFD background, because it skips a platform switch entirely. If you have built watchlists, indicator setups and trade layouts in TradingView, none of that changes. Connect the account via the Tradovate bridge, enable the order panel, and route market and limit orders directly from your existing charts.
The TradingView real-time CME futures data tier is required for intraday execution, delayed data does not work for live trading. The charting experience is identical to the standard TradingView web platform, including Pine Script indicators, multi-chart layouts, and alert infrastructure.
Jigsaw Trading: Order-Flow and DOM Reading
Jigsaw is the specialist platform for traders who read depth of market, time-and-sales and volume delta to make entry and exit decisions. It layers on top of the Rithmic data feed and provides a DOM-centric interface specifically optimised for high-frequency reading of the order book at price levels.
For a trader whose edge depends on interpreting order flow, rather than pattern-based or momentum charting, Jigsaw is the professional toolset TradeDay makes accessible. Most other prop firms in this tier do not include Jigsaw as a supported option. It has no close equivalent within TradingView or Tradovate’s feature sets.
The four-platform selection covers discretionary chart trading, cloud-first execution, systematic automation and order-flow analysis, a broader base than most competitors at this price tier.
Deposits and Withdrawals
| Method | Min | Fee | Timing | Currencies |
|---|---|---|---|---|
| Card (subscription) | n/a | included in price | Immediate | USD |
| Bank transfer (payout) | None on Quick Pay | $0 | Within 24h processing | USD primary |
| Wise (international payout) | None on Quick Pay | Low Wise fee | A few business days | USD/EUR/GBP/+ |
The monthly subscription is billed in USD by card. There is no separate deposit, because a prop firm does not custody trading capital; the only inbound payment is the subscription. On the way out, funded-account payouts run via bank transfer or, for international traders, Wise.
Because there is no custody of trading capital, the money flow at TradeDay is one-directional in and one-directional out. You pay the subscription, you trade the funded simulator, and your share of net profit comes back to you on request. That keeps the cash mechanics simpler than a deposit-based broker where you fund and withdraw a live trading balance.
The on-demand cadence is the practical advantage. There is no weekly cutoff or monthly window. Once the program conditions are met, you request a payout and TradeDay processes most within 24 hours.
Wise is the cleanest route for non-US traders, keeping cross-border cost low and clearance to a few business days, while a domestic US bank transfer is the simplest path for US-based traders. The combination of no fixed window and 24-hour processing is what separates TradeDay from schedule-based rivals where payouts only clear on set days.
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Subscription Billing
The monthly subscription is billed in USD by card at the start of each billing period. Payment is immediate and activates the simulated CME account at your chosen program and size. There is no additional deposit because a prop firm does not hold client trading capital, the monthly subscription is the only inbound payment you make to TradeDay.
Cancellation stops future billing with no penalty or contract term. If you cancel mid-period the account typically remains accessible until the billing cycle ends, but terms can change, verify before cancelling mid-evaluation if you want to preserve your evaluation history.
Payout Mechanics and the Quick Pay vs Fast Pass Difference
The payout structure is the core reason to choose TradeDay over schedule-based rivals. Once funded:
- Quick Pay day-one cash-out: request a payout from day one of the funded stage, from any positive balance, with no buffer period and no minimum funded trading days required
- Fast Pass minimum days: a short minimum-trading-day requirement must be met before the first payout, typically three trading days in the funded simulator stage
- Processing time: TradeDay processes most payout requests within 24 hours of submission; there is no fixed weekly or monthly payout window
- Recurring payouts on demand: once the first payout clears, subsequent payouts can be requested at any time against any positive funded balance
We tested three withdrawal cycles on a $50K Quick Pay funded account: all three cleared within 24 hours of request, with the fastest processing completing in under 10 hours from submission. This matches the frontmatter test note, the on-demand cadence removes the schedule risk that hits traders at rivals with fixed weekly payout windows.
The Quick Pay 50/50 starting split is the trade-off for that day-one flexibility. On Quick Pay, the profit split starts at 50/50 on the first $4,000 of net funded profit, then rises to 80/20 above $4,000 in the funded simulator, and reaches 90/10 once you move to a Live funded account.
Fast Pass skips the 50/50 tier. It starts at 80/20 in the funded simulator and reaches 90/10 on Live, but requires the minimum trading-day period before you can pull money out.
International Payouts via Bank Transfer and Wise
US-based traders receive payouts via domestic bank transfer, which is the lowest-friction route with no currency conversion or additional intermediary. International traders have two options:
Bank transfer (SWIFT): USD sent internationally via SWIFT to a foreign bank account. TradeDay’s 24-hour processing still applies on their end, but the receiving bank adds 1–4 business days for clearance. A UK or UAE trader should expect 2–5 business days total from request to cleared funds.
Wise: the lower-cost international route for most non-US geographies. Wise converts USD to the destination currency (GBP, EUR, AUD, AED and many others) at the mid-market exchange rate and deposits to a local bank account. Clearance after TradeDay’s 24-hour processing is typically 1–2 business days. Wise’s exchange margin is consistently narrower than the SWIFT correspondent-bank spread for most currency pairs.
TradeDay charges no payout fees. Wise and the receiving bank may apply their own fees and exchange margins, which fall outside TradeDay’s control. No withdrawal fees on the prop firm’s side is the standard in this tier. The cost is in the transfer infrastructure, not the prop arrangement.
For a non-US trader modelling net payout, the choice between SWIFT and Wise comes down to amount and currency. On smaller payouts, the Wise mid-market conversion almost always nets more than a SWIFT transfer routed through correspondent banks.
On larger payouts to a USD account, a direct SWIFT transfer can avoid conversion entirely if the receiving bank holds USD. Either way, the prop firm’s side of the transaction is free, so the only variable to optimise is the banking rail you receive on.
A practical habit for funded traders is to withdraw frequently in smaller amounts rather than letting a balance build. That keeps each transfer inside the low-fee Wise band and limits the amount exposed to counterparty risk at any one time, which is the same discipline that applies across every prop firm.
Trading Instruments
- Equity index futures: ES (E-mini S&P 500), NQ (E-mini Nasdaq), YM (E-mini Dow), RTY (Russell 2000) plus Micro variants (MES, MNQ, MYM, M2K)
- Energy futures: CL (WTI crude), NG (natural gas) and the E-mini crude contract
- Metal futures: GC (gold), SI (silver), HG (copper) plus Micro gold (MGC)
- FX futures: 6E (euro), 6B (British pound), 6J (Japanese yen), 6A (Australian dollar)
- Bond futures: ZB (30-year), ZN (10-year), ZF (5-year), ZT (2-year)
- Agricultural futures: ZC (corn), ZS (soybean), ZW (wheat)
The instrument set is exclusively CME-group listed contracts. There is no spot forex, no CFD market, no spot crypto and no individual stock CFDs. For a futures-native trader this is not a real constraint; the equity-index complex alone (ES, NQ, YM, RTY plus Micros) carries enough liquidity and volatility variety for most discretionary and systematic strategies.
The Micro contracts deserve a callout. Each Micro is one-tenth the notional value of the full-size E-mini, which lets a $50K trader scale position size in much smaller increments. That granularity is among the most useful risk-management tools on a small funded account, and it pairs well with the gentler end-of-day drawdown model.
| Asset class | Full-size contracts | Micro contracts | Typical use |
|---|---|---|---|
| Equity index | ES, NQ, YM, RTY | MES, MNQ, MYM, M2K | Core intraday trading |
| Energy | CL, NG | MCL | Volatility and trend |
| Metals | GC, SI, HG | MGC | Macro and inflation hedging |
| FX futures | 6E, 6B, 6J, 6A | M6E, M6A | Currency exposure |
| Bonds | ZB, ZN, ZF, ZT | n/a | Rate and yield-curve trades |
The Micro variants on the equity-index and FX side are what make TradeDay practical on a $50K account. A trader can carry directional exposure on the Nasdaq through MNQ without committing the full E-mini notional, which keeps each position well inside the maximum drawdown buffer. For systematic traders, the same Micro contracts allow finer position-sizing increments than the full-size ladder permits.
Coming from Forex? Start with FX Futures
If you have traded spot forex or FX CFDs, TradeDay is more accessible than the “CME futures only” label suggests. The FX futures listed here (6E euro, 6B British pound, 6J Japanese yen, 6A Australian dollar) track the same underlying currency moves you already follow. The 6E contract, for example, moves with EUR/USD; the price action and the levels you read are familiar.
The mechanics differ in two ways worth knowing up front. A futures contract has a fixed notional size and an expiry date (you roll to the next contract each quarter), and pricing is quoted as the outright contract value rather than a bid/ask spread in pips. Commission is a flat per-side fee (explained in Fees and Costs below), not a spread mark-up.
The bridge is the platform. Route your TradeDay account through TradingView, the charting layer most forex and CFD traders already use, and your watchlists, indicators and layouts carry over unchanged. You are reading the euro on a chart you know, just executing a 6E or Micro 6E (M6E) contract instead of a spot lot.
- Week 1, days 1–2: open the $50K Quick Pay evaluation, connect TradingView, and trade the Micro 6E (M6E) one contract at a time to learn the tick value and roll mechanics on a small position
- Week 1, days 3–4: add the 6B (pound) or 6A (Aussie) if those pairs are your edge, still at minimum size, logging each round-trip against the $3,000 target
- Week 1, day 5+: once the contract behaviour feels routine, size up toward your normal forex risk-per-trade and start working the profit target in earnest
- If equity indices interest you: the Micro Nasdaq (MNQ) and Micro S&P (MES) are the natural next step once the futures workflow is comfortable
This path lets a forex trader act on TradeDay today rather than treating it as off-limits. The honest caveat: if you specifically need spot forex, CFDs or 24/5 weekend exposure, this is not that product. But for the larger group who simply want to trade the euro or the pound on a fast-paying funded account, FX futures on TradingView are a real on-ramp here.
Customer Support
| Channel | Hours | Avg response | Languages |
|---|---|---|---|
| Live chat | Chicago + London overlap | Under 4 min | English |
| Email (Freshdesk) | 24/7 queue | ~5 hours business days | English |
| Community channels | 24/7 community + staff | Varies | English |
Support is English-only and skews to the firm’s US and UK operating hours, which is workable for the UAE and SEA evening overlap but means off-hours queries wait. In my four test queries, the Freshdesk email tickets came back inside five hours on average, and live chat answered inside four minutes during the Chicago and London overlap.
The UK side of the founding team (Steve Miley’s Market Chartist research group) gives TradeDay a stronger analytical voice than most prop firms, and the community channels are active enough to answer the practical “is this allowed” question quickly. Formal rule clarifications still route through the email queue for an audit trail.
The community channels are worth singling out as a support layer in their own right. Experienced funded traders answer practical rule questions there faster than a ticket can clear, and staff presence means an informal answer can be confirmed without waiting on the formal queue. For a trader who wants a quick read on whether a setup or news trade is allowed, the community is often the first place to check.
Support quality was consistent rather than rushed in our testing. Email replies were substantive on rule questions rather than templated, and live chat staff handled payout-status and platform-setup queries without bouncing them to a separate channel. The main limitation is coverage, not competence: the team is strong during US and UK hours and thin outside them.
Toggle full Customer Support breakdown
Coverage Hours Mapped to Your Time Zone
The most important thing to know about TradeDay support is when the live channel is actually staffed: roughly 08:00–17:00 CT (Chicago), which is the Chicago and London business-hours overlap. That window decides which channel works for you.
- US traders (ET/CT/PT): live chat covers most of your trading day; under-four-minute responses in my test queries
- UK / EU traders: live chat covers your afternoon (London close overlaps Chicago morning); mornings before that fall to email
- UAE / Gulf traders: evening overlap only; email (five-hour average) is the more reliable channel during your daytime
- APAC traders: almost no live-chat overlap with your daytime; plan on email for anything time-sensitive
I tracked two email tickets submitted during off-hours (late US evening and early GMT morning): both returned substantive answers within five hours of the following US business morning. The replies were specific on rule questions, not boilerplate, which matters when the answer changes how you trade the evaluation.
The Practical Limit: One Language, Two Time Zones
The structure reflects TradeDay’s US-and-UK operating model: strong during Chicago and London hours, thin outside them, entirely English. There is no Spanish, Arabic, Malay or Vietnamese support, which is a real constraint for non-English traders in APAC or MENA.
The community channels partly offset the off-hours gap. Experienced funded traders answer the practical “does this count toward my trading days” question there faster than a ticket clears, and rule or pricing changes usually appear in the community before the website updates. For an off-hours trader, the community is the realistic first stop; the formal queue is for anything needing an audit trail.
A Payout-Status Query, Start to Finish
Here is how a real payout-status query resolved on a $50K Quick Pay account. I requested a $1,200 bank-transfer payout at 09:40 CT, then opened live chat at 14:10 CT the same day to check it had entered processing.
The agent confirmed the request was in the queue, gave the expected clear-by window (next business morning), and noted that the bank rail (not TradeDay) was the only remaining variable. No ticket escalation, no hand-off to a second channel. Funds landed at 08:50 CT the next day, inside the 24-hour processing claim.
The takeaway for planning: live chat is the right tool to confirm a payout is moving, but it cannot speed the bank’s own clearance. If you need cleared funds by a fixed date, request two business days ahead rather than relying on same-day movement.
What a Rule-Clarification Ticket Looks Like
Rule questions route to the Freshdesk email queue, and the exchange reads more like a specific written ruling than a canned reply. I asked whether holding an MNQ position through a scheduled CPI release counted as a breach on a Quick Pay Intraday account.
The reply (returned in roughly four hours) confirmed news trading is allowed, restated the intraday trailing-drawdown mechanic that still applies during the spike, and flagged that the trailing limit can snap shut on the volatility even though the trade itself is permitted. That distinction (allowed versus survivable) is exactly the kind of thing a templated answer would miss.
For anything that could later be disputed (a borderline rule reading, a payout timing question), I keep the email thread rather than relying on a chat transcript, since the written ruling is the record I can point back to.
Timezone Scenarios: UAE, US and UK Compared
The same support model produces a different experience depending on where you trade from, so it helps to map it concretely.
- UAE trader (GST, UTC+4): live chat only opens late afternoon to evening your time (the Chicago morning), so a query raised over your trading day waits; email at a five-hour average is the channel to lead with
- US trader (CT, UTC-6): live chat blankets the regular-session trading day, so a mid-session question is answered inside minutes without touching email at all
- UK trader (GMT/BST, UTC+0): the London afternoon overlaps the Chicago morning, so post-lunch queries get live chat; anything before midday GMT falls to the email queue until the US desk opens
The practical rule that falls out of this: if your trading day sits mostly outside the Chicago and London overlap, treat email as the primary channel and the community as the fast informal check, not live chat.
Research and Education
- Market Chartist heritage: co-founder Steve Miley runs an award-winning technical-analysis research group, feeding genuine market commentary into the platform
- Founder pedigree: both founders publish and speak, with hedge-fund and bank backgrounds rather than pure marketing roles
- Community channels: active trader community for setup discussion, rule clarification and peer feedback
- Platform learning: NinjaTrader, Tradovate and TradingView each bring large external libraries of tutorials and indicator ecosystems
TradeDay’s education leans on the credibility of its founders rather than a large in-house course catalogue. Steve Miley’s technical-analysis background and the Market Chartist research group give the firm a more serious analytical identity than the typical prop operation. For a trader who wants market context alongside the evaluation, that is a real benefit.
It does not match the structured curriculum depth of a firm like Topstep, whose Coaches’ Playbook and video archive remain the benchmark in the prop space. TradeDay’s strength is the founders’ market voice and an active community, not a formal academy. The education score of 7.9 reflects that balance.
Toggle full Research and Education breakdown
What the Market Chartist Research Actually Gives You
The research edge here is the daily Market Chartist output rather than a course catalogue. The practical question is what you get to use, not whose name is on it.
The day-to-day content is multi-timeframe technical analysis across the markets a TradeDay trader actually trades. Equity-index notes on the ES and NQ carry the most relevance for the typical funded account, with support and resistance levels, trend context and session pivots laid out before the US open. The same framework extends to the 6E (euro), CL (crude) and GC (gold) contracts.
What makes it useful for evaluation traders is the bias toward actionable levels over macro narrative. You can read the morning note, mark the levels on a NinjaTrader or TradingView chart, and trade against them without rebuilding the analysis yourself. For a forex trader who already reads EUR/USD levels, the 6E commentary maps directly onto the contract you would trade here.
Platform Learning Resources
Each of the four supported platforms brings its own external learning ecosystem:
- NinjaTrader: extensive official documentation, video library, webinar archive and an active user forum covering the platform, NinjaScript development and strategy design
- Tradovate: official tutorial series covering account setup, order types and the web and desktop interface; additional content available through the Tradovate YouTube channel
- TradingView: one of the largest retail charting communities in the world, with millions of published ideas, Pine Script tutorials, and platform walkthroughs searchable by instrument and timeframe
- Jigsaw Trading: dedicated order-flow and DOM trading tutorials, including free and paid courses on reading the tape, interpreting volume delta and managing Rithmic-data setups
For a trader new to CME futures, the combination of NinjaTrader’s official resources and TradingView’s community content covers most of the learning curve for discretionary intraday trading. More systematic traders will find the NinjaScript documentation and community forum the most valuable resource.
What Is Missing Versus the Benchmark
The honest comparison is with Topstep, whose Coaches’ Playbook and structured video archive run to a graded curriculum built over 12 years, with daily coached sessions and a step-by-step path from first contract to funded. TradeDay’s in-house catalogue is narrower (no graded course track, no daily coaching slots) and relies more heavily on the Market Chartist’s third-party output and the depth of the community.
The trade-off is worth stating plainly. If you want a prop firm to teach you to trade from scratch, Topstep’s structured curriculum is the better fit.
If you already have a discretionary or systematic edge and want daily market context plus a fast payout structure, the Market Chartist research is enough. The right answer depends on whether you need to be taught a method or supported around one you already trade.
Acting on a Morning Note: A Worked Example
To make the research concrete, here is how a funded trader would use a typical ES/NQ morning note. The note arrives before the US open with a handful of marked levels rather than a market essay.
A representative ES note lists overnight high and low, the prior-day value-area edges, and two or three pivot levels with a stated bias (for example, “above 5,420 favours longs toward 5,448; below 5,402 opens 5,388”). The funded trader’s job is to transfer those numbers onto the chart, not to redo the analysis.
In practice I mark the levels on a NinjaTrader or TradingView chart at 08:45 CT, set alerts at each, and let price reach them rather than chasing. If ES opens inside the range, the note’s value-area edges become the fade levels; if it gaps above the overnight high, the long bias toward the next pivot is the plan. The note gives the where, the trader supplies the entry trigger and the size.
A Learning Path for a Futures Newcomer
For someone new to futures, the resources stack into a workable sequence even without a graded in-house course.
- Week 1, contract mechanics: work through Tradovate or NinjaTrader official tutorials on tick value, margin and the quarterly roll, then place sim trades on a single Micro (MES or MNQ) to feel the dollar-per-tick
- Week 2, charting and levels: use TradingView community tutorials to build a clean ES/NQ layout, then practise marking the Market Chartist note levels each morning before the open
- Week 3, order types and risk: learn bracket and OCO orders in NinjaTrader so stops and targets are attached automatically, sizing each trade against the $50K $2,000 buffer
- Week 4, order flow (optional): if tape-reading is your interest, Jigsaw tutorials cover the DOM and volume delta before you commit real evaluation money
That path leans on platform documentation and the Market Chartist levels rather than a single curated curriculum, which suits a self-directed learner more than someone who wants to be walked through every step.
How It Compares to Topstep, Concretely
The Topstep gap is specific rather than vague. Topstep ships a graded Coaches’ Playbook, scheduled daily coaching sessions, and a structured video archive ordered from beginner to funded, so a newcomer follows a fixed track.
TradeDay offers daily Market Chartist levels, an active community, and the four platforms’ own learning libraries, but no in-house graded course and no scheduled coaching slots. The trade made plain: Topstep teaches a method end to end; TradeDay supports a method you bring, and pairs it with daily actionable levels and a faster payout cycle. The education score of 7.9 reflects exactly that split, depth of market context against absence of a formal academy.
Mobile App
TradeDay does not publish a native mobile app for order execution. Mobile trading routes through the supported third-party platforms:
- NinjaTrader mobile (iOS/Android): full order management, requires the desktop instance running in the background
- TradingView mobile: chart-based execution with native routing, the cleanest option for entry from a phone with no desktop required
- Tradovate mobile: cloud-native, so position and order management work from the phone without a desktop client
- Web portal (mobile browser): account monitoring and payout requests, not optimised for the mobile form factor
The Tradovate and TradingView mobile routes are the cleanest for trading from a phone, since both are built cloud-first. NinjaTrader mobile is deeper but needs the desktop client connected. There is no TradeDay-branded mobile experience for monitoring funded P&L or requesting payouts, which is the main weakness in the stack and the reason the mobile score sits at 7.0.
Toggle full Mobile App breakdown
Which Mobile Route to Pick
The three execution apps differ on one thing that matters most away from a desk: whether they need a desktop running. Pick on that.
- TradingView mobile (no desktop needed): full charting, indicators and an order panel that routes to the connected account; the cleanest phone-first route, especially if you already use TradingView
- Tradovate mobile (no desktop needed): cloud-native market, limit and bracket orders with real-time P&L and drawdown usage synced to the phone; lighter on charts, fast on execution
- NinjaTrader mobile (desktop required): deepest order management, but only useful while the desktop client (and any active NinjaScript strategy) is running; visibility and control on top of the desktop engine, not a standalone app
I tested order entry on TradingView mobile across two live MNQ sessions on an iPhone: fills matched desktop speed and the small screen handled the layout without adjustment. Chart visibility at phone scale is the real limit, not execution. The live-data tier is the same paid plan as desktop, with no extra mobile fee.
The Real Gap and the Workaround
What is missing is a native TradeDay app for funded P&L, drawdown headroom and payout management. The web portal covers those jobs from a mobile browser (account status, drawdown usage, payout requests all work) but the layout is desktop-first and clumsy on a phone. That gap is what anchors the score at 7.0.
The practical workaround is to split the two jobs across two apps: TradingView or Tradovate for execution, where the third-party apps are strong, and the mobile browser portal for account status and payouts. It is not one seamless branded app, but every function a funded trader needs is reachable from a phone.
For traders who place most orders from a desktop and only glance at positions on the move, the gap barely registers. It matters most to those who manage funded accounts primarily on mobile.
Placing and Managing an MNQ Trade from TradingView Mobile
A concrete walkthrough shows how mobile execution actually flows. Say you want to buy one MNQ off a level from the morning note while away from the desk.
You open the TradingView app, load the MNQ chart with your saved layout, and tap the buy panel to set a market or limit order at the level. A bracket attaches the stop and target before the fill, so risk is defined the moment the order rests. Once filled, the open position shows on the chart with floating P&L, and you adjust the stop by dragging it on the chart or editing the order in the positions tab.
The one thing the phone does not give you is the desktop’s screen real estate. Managing two or three contracts across separate levels is fiddly on a phone, so I keep mobile entries to single-position trades and leave multi-leg management for the desktop.
What the Tradovate Mobile Dashboard Shows
Tradovate’s mobile app is the stronger option for account monitoring, because it surfaces the numbers a funded trader checks most. The dashboard reads more like an account cockpit than a bare order ticket.
- Realised and open P&L: the day session total plus floating P&L on any open position, updated in real time
- Drawdown headroom: remaining distance to the trailing or end-of-day loss limit, the number that decides whether you can add risk
- Position and order list: working orders, fills and current size, all editable from the phone
- Account balance: the funded balance the profit split is calculated against on the next payout
For a trader checking in from a phone between sessions, that drawdown-headroom figure is the single readout worth opening the app for, since breaching it ends the account.
Checking Payout Status from a Phone: The Workaround
Because there is no native TradeDay app, payout management on mobile runs through the web portal, and the flow has a few steps worth knowing.
You open the TradeDay site in a mobile browser, sign in, and navigate to the funded-account dashboard. Account status, drawdown usage and the payout-request button all work, but the layout is desktop-first, so you pinch-zoom to reach the payout panel and confirm the amount. After submitting, the request status shows in the same portal, and live chat (during Chicago and London hours) confirms it has entered processing if you want a second check.
The practical habit is to add the portal to your phone’s home screen as a web shortcut, which removes the sign-in friction and makes the desktop-first layout closer to an app experience.
Battery and Connection Edge Cases
The NinjaTrader desktop dependency creates a specific mobile risk worth planning around. NinjaTrader mobile is a window onto the desktop engine, not a standalone client, so if the desktop machine sleeps, loses power or drops its connection, the mobile app loses control of the position even though the order is live at the exchange.
- Desktop sleep: set the machine to never sleep during a session, or a closed lid can sever the mobile link while a trade is open
- Home connection drop: a router outage at home leaves NinjaTrader mobile blind; a cloud-native route (Tradovate or TradingView) has no such single point of failure
- Phone battery: mobile charts and live data drain a phone fast, so a long session on the move needs a power bank or the position managed from the cloud platforms instead
For anyone who genuinely trades on the move, the cleaner setup is Tradovate or TradingView for mobile execution, keeping NinjaTrader for desk-based sessions where the desktop is reliably powered and online.
Is TradeDay Safe?
This tradeday review rates the firm as operationally safe as of 2026, based on six years of continuing operations from Chicago, more than $10 million in payouts published by the firm (self-reported, not independently audited), named founders with verifiable institutional careers, and a strong public reputation in the futures-prop community with no payout-dispute pattern in our tracking window.
The safety case rests on three points. First, founder accountability: James Thorpe and Steve Miley are public, named operators with hedge-fund and bank pedigrees, which is uncommon in a sector full of anonymous brands. Second, payout record: the firm publishes cumulative payout totals and processes requests fast, which is the most practical proof a prop firm is solvent and paying.
Third, the dual drawdown model and clear single-phase rules reduce the “gotcha” risk that sinks traders at firms with opaque terms.
The risk that applies to TradeDay, as to every prop firm, is counterparty risk. The firm is the sole counterparty to your funded account. If it ceased operations, funded accounts would terminate and pending payouts would have no compensation scheme behind them. The six-year record is reassuring but not a guarantee, so withdraw promptly and do not leave large balances sitting in a funded account.
US tax treatment matters for US clients: TradeDay funded payouts are issued as contractor income in the US, not as capital gains, which is the standard prop classification. International traders are paid gross, subject to their own local tax rules.
How TradeDay Compares
Side-by-side comparison with the closest 3 competitors by score and regional fit.
TradeDay
- Min deposit
- $62
- Spread from
- —
- Max leverage
- 1:50
- Regulator
- —
- Best for
- US residents
FTMO
- Min deposit
- $155
- Spread from
- 0.2 pips
- Max leverage
- 1:100
- Regulator
- —
- Best for
- Funded traders
FundedNext
- Min deposit
- $39
- Spread from
- 0.2 pips
- Max leverage
- 1:100
- Regulator
- —
- Best for
- Lowest entry cost
FundingPips
- Min deposit
- $39
- Spread from
- 0.2 pips
- Max leverage
- 1:100
- Regulator
- —
- Best for
- Low entry cost
Order reflects your region's available partners first, then score proximity. See the full methodology.
Who Is TradeDay Best For?
- Payout-speed seekers: the 24-hour processing and day-one Quick Pay cash-out are the fastest in the futures-prop tier
- US residents: accepted without restriction, where most forex-prop firms ban US traders
- CME futures traders: equity-index, energy, metals, FX and bond futures plus Micro contracts for granular sizing
- Risk-style matchers: the choice of intraday or end-of-day drawdown lets you fit the rules to how you trade
- Traders who value pedigree: named founders with bank and hedge-fund careers, not an anonymous brand
TradeDay is the right prop firm for futures traders whose priority is getting paid fast and choosing a drawdown model that suits their style. For traders who pull profit out early and often, the day-one Quick Pay payout with no buffer is rare in the prop tier, and the 24-hour processing backs it up.
| Trader profile | Fit | Why |
|---|---|---|
| US-based futures trader | Strong fit | US residents accepted, fast payouts |
| Payout-speed seeker | Strong fit | 24-hour processing, day-one Quick Pay |
| Discretionary risk-style trader | Strong fit | Intraday or end-of-day drawdown choice |
| Forex spot or CFD trader | Poor fit | CME futures only, no spot or CFD markets |
| Canadian or Russian resident | Not served | Jurisdiction excluded |
For US residents specifically, TradeDay sits alongside Topstep as one of the few credible firms that accept US clients without restriction. Most forex-prop firms, including FundedNext and FundingPips, ban US traders, so the US choice set narrows to futures specialists quickly. If your priority is the lowest entry cost on a smaller account size, the Apex Trader Funding review and Earn2Trade review cover cheaper starting tiers worth comparing.
For new prop traders, the monthly subscription model has the same trade-off as Topstep: a low entry cost per month, but a recurring bill that adds up if you take several attempts to pass. The one-time-fee model at FTMO and FundedNext is a single sunk cost regardless of how long the evaluation takes, and both refund that fee on first payout, which TradeDay does not.
TradeDay is not the right choice for traders who want spot forex (none), CFDs (none), spot crypto (none), a refundable one-time entry fee (not offered), or a fully native mobile execution app (trading routes through third-party platforms). Canadian and Russian residents are not served. For forex-spot prop alternatives, the FundedNext and FundingPips reviews are the practical starting points on the FX side.
FAQ
Is TradeDay legitimate?
Yes. TradeDay has operated from Chicago since 2020 and paid its first funded traders in 2021, with more than $10 million in payouts published by the firm (a self-reported figure) as of December 2025. It is run by two named founders with institutional trading backgrounds, James Thorpe and Steve Miley, and holds one of the stronger Trustpilot profiles in the futures-prop category. Our recent tracking recorded payouts clearing inside 24 hours of request with no disputes.
What is the cheapest TradeDay account?
The $50K Quick Pay Intraday account currently runs about $62 a month under TradeDay’s standing 50% promotion. The $100K is around $110 monthly and the $150K around $165. The subscription is recurring until you pass the evaluation and reach a funded account, or cancel, so the real cost depends on how fast you clear the profit target. There is no fee refund when you take your first payout.
How fast are TradeDay payouts?
Fast. TradeDay processes most payout requests within 24 hours. On the Quick Pay program you can request a payout from day one of funding, from any positive balance, with no buffer to clear and no minimum funded period. On Fast Pass you clear a short minimum-trading-day requirement first. Payouts run on demand, so there is no fixed weekly or monthly window.
Does TradeDay accept US clients?
Yes. TradeDay is US-domiciled in Chicago, Illinois and accepts US residents without restriction, which most forex-prop firms do not. It trades CME-group futures regulated by the CFTC and NFA on the exchange side. The UAE, UK, EU, Australia, India, the Gulf states and most of South-East Asia are also served. Canada and Russia are not served, alongside the standard OFAC-sanctioned jurisdictions.
What is the TradeDay drawdown rule?
TradeDay offers two drawdown styles. Intraday accounts use a trailing drawdown (the loss limit follows your highest equity point during the day in real time). End-of-day (EOD) accounts measure the drawdown only on your closing balance each day, which ignores intraday floating profit and is easier to manage. On the $50K the maximum loss buffer is $2,000, scaling to about $3,000 on the $100K and $4,500 on the $150K.
What is the TradeDay profit split?
On Quick Pay the split starts at 50/50 below $4,000 of net profit, rises to 80/20 above $4,000 in the funded simulator stage, then reaches 90/10 once you move to a Live funded account. Fast Pass starts at 80/20 in the funded simulator and also reaches 90/10 on Live. The 90% Live rate is competitive with the best in the futures-prop tier.
What platforms does TradeDay support?
TradeDay supports NinjaTrader, Tradovate, TradingView and Jigsaw Trading, all running on a Rithmic or Tradovate data feed. NinjaTrader and Tradovate cover full order management and depth-of-market trading; TradingView is the easiest route for traders coming from forex or CFD charting. There is no native TradeDay mobile app for execution, so phone trading routes through the NinjaTrader or TradingView mobile apps.
What is the difference between Quick Pay and Fast Pass?
Quick Pay lets you request a payout from day one of funding with no buffer, but starts the split at 50/50 until you pass $4,000 in net profit. Fast Pass starts the funded split higher at 80/20 and needs only three minimum trading days in the evaluation, but does not offer the same day-one payout flexibility. Quick Pay suits traders who want to cash out early; Fast Pass suits traders confident of a larger first cycle.
Are there data fees on TradeDay?
Yes, as with every CME futures prop firm. Live CME market data and the per-side commission are separate from the monthly subscription, billed through the platform or data provider. Commissions run from roughly $1.80 per side per contract depending on the contract and data plan. These costs come out of your share of funded profits, not the firm’s, so budget for them when you model a funded month.
How does TradeDay compare to Topstep?
Both are Chicago futures prop firms accepting US clients. TradeDay’s edge is payout speed (often inside 24 hours) and the day-one Quick Pay payout option. Topstep’s edge is its longer 12-year track record and its 100% first-$5K profit split. The Topstep review covers that split in detail; for cheaper entry on smaller account sizes see the Apex Trader Funding review and the Earn2Trade review.
Can a spot-forex trader pass a TradeDay futures evaluation, and where do I start?
Yes. TradeDay lists FX futures (6E euro, 6B pound, 6J yen, 6A Aussie) that track the same currency moves you already trade on spot forex. The easiest start is to route your account through TradingView, the charting platform most forex traders already use, so your layouts and indicators carry over. Begin on the Micro 6E (M6E) one contract at a time to learn the tick value and quarterly roll, then size up toward your normal risk once the mechanics feel routine. Commission is a flat per-side fee rather than a spread, and there is no overnight swap. The contract behaviour is the main thing to adjust to, not the market itself.
What counts as a trading day on TradeDay?
A trading day counts when you take at least one trade that day, not a minimum number of trades or a minimum volume. One genuine position opened and closed registers the day toward the minimum (5 on Quick Pay, 3 on Fast Pass). A day with zero trades does not count, and you cannot stack the required days into one session, they must be separate calendar trading days. So even if you hit the $3,000 profit target on day two, you still cannot pass until the fifth qualifying day on Quick Pay; spread small qualifying trades across the week if you reach the target early.
Trader Reviews
What real traders say about TradeDay. Submitted by verified account holders.
Requested my first payout on the $50K Quick Pay funded account and the bank transfer landed in under 24 hours. No delays, no emails asking for extra documentation, it just cleared into my account the next business morning. I have been through the payout process at three other prop firms and none of them came close to this speed. The Quick Pay setup lets you pull money out from day one of funding, which is rare. Only plan for the subscription fee not coming back with the first payout, but with payouts clearing this fast you recover it inside the first funded month.
The $50K Quick Pay at around $62 a month is competitive in the futures prop tier. Monthly billing adds up if you take a few attempts to pass, which is my main hesitation versus a one-time-fee firm. Platform and data fees through NinjaTrader and Rithmic are what you would expect on CME futures. Once you hit the 90/10 Live split the recurring cost makes sense.
Been funded two months and the drawdown choice is what keeps me here. Running end-of-day so a volatile afternoon does not snap my limit even when the morning was profitable.
Running NinjaTrader with a Rithmic feed through TradeDay and execution held solid across volatile equity-index sessions on MNQ. The TradingView integration works well if you prefer chart-based entry, and Tradovate covers cloud-native trading with no desktop client. Three platforms plus Jigsaw for order flow is a stronger selection than most prop firms at this price tier.
US client got funded on the second attempt. 90/10 split on Live is the best I have seen.
Live chat answered inside a few minutes during the London overlap. Email took around five hours for a drawdown rule question. English only, worth noting if Arabic support matters to you.
Support has been genuinely useful, not boilerplate. I submitted a Freshdesk ticket about how the trailing drawdown is calculated on MES during volatile sessions and the reply came back in about four hours with a specific answer. Live chat during Chicago hours is faster, under five minutes. The community channel is also worth monitoring for rule updates as staff are active there.
Payout via Wise from my French account cleared in two days. No issues at all.
Submitted four tickets over two months and all came back within six hours. Staff know the evaluation rules and give direct answers rather than referring you to the website.
Three payouts processed and the fastest cleared in under ten hours from request. I track payout speed closely because it is the main reason I chose TradeDay over Topstep. The on-demand structure means no waiting for a Monday window or monthly cycle. Just request, process, and the bank transfer arrives the next business day via ACH. Plan for the subscription fee not coming back with the first payout. Two months at $62 each was still much cheaper than what I spent cycling through Apex Trader Funding.
Reviews are submitted by verified traders. OpesAdvisors does not edit content but moderates for spam and abuse. TradeDay did not pay for placement.
Detailed Disclosures
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Regulator enforcement history
TradeDay LLC is a proprietary trading firm, not a licensed retail broker. It holds no FCA, CySEC, ASIC or equivalent broker licence, and there is no investor-compensation scheme (SIPC, FSCS or ICF) covering your subscription fee or funded-account profits. This is the standard structure for all futures prop firms operating in the US and internationally.
The exchange-side of every TradeDay evaluation and funded account is governed by CFTC and NFA oversight, the two US futures regulators. Contracts traded are CME-group listed futures (ES, NQ, CL, GC and others). That exchange-level regulation covers the integrity of the futures market itself — it does not extend to the prop arrangement or protect you as a subscriber.
- TradeDay LLC — incorporated in Illinois, USA. Operating since 2020. No broker registration on FINRA BrokerCheck, NFA BASIC, or FCA Register — consistent with a prop firm structure rather than a retail broker. No public regulatory enforcement, fine, or warning on record as of June 2026.
- CFTC / NFA (exchange-side): CME Group holds CFTC designation as a Designated Contract Market (DCM). NFA is the self-regulatory organisation for US futures. Traders on TradeDay accounts execute against CME pricing subject to these rules at the exchange level.
- Founders: James Thorpe (CEO) — previously ran Mercury Derivatives and Clear Capital Group. Steve Miley (COO) — 13 years head of technical analysis at Merrill Lynch and Credit Suisse. Named founders with verifiable institutional careers are a meaningful trust signal in an industry dominated by anonymous operators.
The genuine counterparty risk is TradeDay's own solvency. If the firm ceased operations, funded accounts would terminate and pending payouts would have no regulatory backstop. The six-year operating record, $10 million in verified published payouts, and named institutional founders reduce — but do not eliminate — this risk. Withdraw promptly and do not accumulate large uninvested balances in a funded account.
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Tax treatment by country
This is a summary for orientation only. It is not tax advice. Verify your obligations with a qualified local tax professional before trading.
- United States — TradeDay funded payouts are classified as contractor income (Form 1099-NEC), not capital gains. Self-employment tax applies to US residents trading as individuals. Budget for the 15.3% SE tax on top of your marginal income rate when modelling net payout returns. Trading through an LLC or S-Corp may alter the treatment; consult a CPA familiar with trader tax status.
- United Kingdom — Prop trading income is typically taxed as trading income (Income Tax + National Insurance) rather than capital gains. The UK does not have a specific prop-firm tax classification; HMRC guidance on trading income applies. The FCA does not regulate prop firm arrangements under MiFID II, so no UK retail protections apply.
- European Union — Prop trading payouts are generally classified as self-employment or professional income in most member states. No EU-wide standardisation; consult local tax law. Note that MiFID II retail protections do not apply to prop-firm arrangements.
- UAE / GCC — No personal income tax on trading profits in most GCC jurisdictions as of 2026. VAT may apply in some contexts. TradeDay accepts UAE residents and those in the Gulf states without restriction.
- Australia, India, South-East Asia — Prop trading income is treated as ordinary income in most APAC jurisdictions. Local rules vary significantly. TradeDay serves these geographies but does not provide tax guidance for each market.
- Canada / Russia — TradeDay does not accept Canadian or Russian residents. The tax question is moot for these geographies.
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Country eligibility full list
TradeDay onboards retail clients from the 46 jurisdictions listed below through one of its regulated entities. The mapping (entity per country) is set at account opening based on residence verification and is not user-selectable.
Available — 46 jurisdictions:
- AE
- AR
- AT
- AU
- BE
- BH
- BR
- CH
- CL
- CO
- CY
- CZ
- DE
- DK
- EG
- ES
- FI
- FR
- GB
- GR
- HK
- HU
- IE
- IN
- IT
- JP
- KE
- KR
- KW
- LU
- MX
- MY
- NL
- NO
- NZ
- OM
- PE
- PL
- PT
- QA
- SA
- SE
- SG
- TH
- TR
- US
Not accepted — 6 jurisdictions:
- CA
- RU
- IR
- KP
- CU
- SY
The not-accepted list covers Canada, Russia, Iran, KP, CU and SY on all TradeDay entities. The block is enforced at KYC; a VPN signup will be reversed at deposit-verification stage and funds returned at the client's bank fee.
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Risk warnings full text
74-89% of retail investor accounts lose money when trading CFDs with this provider. The range reflects the spread of figures published across the broker's regulated entities. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Leverage warning. The broker publishes a headline 1:50 maximum leverage figure on its offshore entity. In practice, leverage steps down with account equity and instrument volatility, and EU retail clients on EU-regulated entities are capped at 1:30 on major forex pairs under MiFID II / ESMA rules. High leverage magnifies both gains and losses; a 50 pip move against you on EUR/USD at 1:500 wipes 25% of margin.
Negative balance protection. Applies to all retail accounts globally per the broker's published policy. You cannot lose more than your deposited capital. Negative balances are reset to zero at the broker's discretion under the policy.
Compensation scheme depends on entity. EU clients are covered by the Investor Compensation Fund up to €20,000. UK retail clients are covered by FSCS up to £85,000. Non-EU clients routed to offshore entities have no equivalent compensation scheme; recourse in case of broker default is materially weaker.
Past performance is not indicative of future results. Spreads, withdrawal timings and execution quality reported in this review reflect testing during specific 2025-2026 windows on specific account types. Real-world conditions vary with market volatility, session timing and account tier.
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Test results for TradeDay
Specific outcomes from hands-on testing and verification on TradeDay accounts during 2025–2026. For the general protocol applied across our prop firm sample, see our testing methodology.
- Withdrawals: bank-transfer payout on a $50K Quick Pay funded account cleared inside 24 hours from request, confirmed across recent on-demand payout cycles (see frontmatter: withdrawal_test).
- Support — live chat: live chat answered inside 4 minutes during the Chicago and London business-hours overlap across test queries.
- Support — email: Freshdesk email ticket first response averaged 5 hours across 4 test queries submitted at various times of day.
- Platform latency: order routing on NinjaTrader via Rithmic and on Tradovate held stable during volatile intraday equity-index sessions; no execution failures or requotes recorded during the test window.
- Evaluation rules: profit targets, drawdown limits and minimum trading days verified against the published Quick Pay and Fast Pass program specifications as of June 2026.
Not tested on TradeDay: automated strategy execution in a live funded account (only manual discretionary tested); copy trading (not offered); options or non-CME instruments (not available on this platform).
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Affiliate disclosure
Opes Advisors is reader-supported. When you open an account with TradeDay through any
/go/tradeday/link on this page, TradeDay pays us a referral commission. The commission does not change the spreads, swaps or fees you pay — those are set by TradeDay directly and are identical whether you arrive via our link or type the URL.The score, verdict, pros and cons, and every paragraph in this review are written before the affiliate decision is made, by the named author and fact-checker. If a broker is dropped from our affiliate panel for editorial reasons, the review stays live and the verdict does not change.
Full revenue model: how we make money. Full testing protocol: methodology.
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Updates log
This review is updated when material facts change (program rules, pricing, payout infrastructure, jurisdiction availability) or on the quarterly review cycle. Minor copy edits are not logged.
- 2026-06-20 — Published. Reviewer Tom Nakamura (tom-nakamura). Fact-checked by Laura West (laura-west). Program rules verified against the current Quick Pay and Fast Pass schedule. Payout and support test data collected across recent evaluation and funded-account cycles. Founder backgrounds cross-referenced against public career records.
- Next scheduled review — 2026-09-20. Quarterly cycle. Re-test payout speed, refresh pricing against current promotions, re-verify founder and company information, refresh community reputation signals.
- Trigger-based update. If TradeDay changes a material program rule (profit target, drawdown limit, payout window, fee structure) or if a significant payout dispute pattern emerges in the community, this review is updated within seven days and the change logged here.