TradeDay

Overview

TradeDay is a US-based proprietary trading firm that specializes in futures trading, offering a 1-step evaluation process and a competitive profit split of up to 95%. Founded in 2020, the firm has established itself as a reputable player in the industry, with a strong presence in Chicago. With its unique features and benefits, TradeDay stands out from other proprietary trading firms.

Challenge Structure & Pricing

TradeDay's 1-step challenge is priced at $87, which is relatively competitive compared to other firms in the market. The firm's evaluation process is straightforward, allowing traders to demonstrate their skills and get funded quickly. However, the monthly subscription model may be a drawback for some traders, as it can add up to significant costs over time.

Profit Split & Payouts

TradeDay's profit split of up to 95% is one of the most competitive in the industry, allowing traders to retain a significant portion of their profits. The firm also offers same-day payouts, which is a unique feature that sets it apart from other proprietary trading firms. This feature, combined with the high profit split, makes TradeDay an attractive option for traders who value quick and reliable payouts.

Trading Conditions

TradeDay supports multiple platforms, including NinjaTrader, Tradovate, and TradingView, giving traders the flexibility to choose their preferred platform. The firm offers trading in futures assets, with a maximum allocation of $250,000. However, the 5-contract position limit on $50,000 accounts may be restrictive for some traders. The firm's trailing drawdown can also be limiting, as it can adjust to the trader's performance over time.

Trust & Reputation

TradeDay has an impressive Trustpilot score of 4.6/5, based on 1,330 reviews. This suggests that the firm has a strong reputation and a high level of customer satisfaction. The firm's payout track record is also reliable, with same-day payouts and a high profit split, which further enhances its reputation.

Who Is It Best For?

TradeDay is best suited for experienced futures traders who are looking for a competitive profit split and reliable payouts. The firm's 1-step challenge and same-day payouts make it an attractive option for traders who want to get funded quickly and start trading with a reputable firm. However, the monthly subscription model and trailing drawdown may not be suitable for all traders, particularly those who are on a tight budget or prefer more flexible trading conditions.

The Bottom Line

TradeDay is a reputable proprietary trading firm that offers a competitive profit split, reliable payouts, and a range of benefits for traders. While it has some drawbacks, such as the monthly subscription model and trailing drawdown, the firm's strengths make it a solid option for experienced futures traders. With its strong reputation and high level of customer satisfaction, TradeDay is a firm worth considering for traders who are looking for a reliable and competitive proprietary trading partner.

This review was generated by AI based on publicly available data and may not reflect the most recent changes.