TradeDay Coupon Code PFK — Verified Discount (Apr 2026)

TradeDay Complete Guide 2026 — Overview

TradeDay is a proprietary trading firm that provides traders with the opportunity to access capital and trade futures markets. Founded in 2020, TradeDay has quickly established itself as a player in the prop trading landscape, offering a platform for traders to demonstrate their skills and potentially earn a significant portion of the profits they generate. Headquartered in Chicago, Illinois, TradeDay caters to both aspiring and experienced futures traders, providing a structured environment with evaluation phases, risk management parameters, and a profit-sharing model. With a Trustpilot rating of 4.86/5 based on 1315 reviews, TradeDay demonstrates a commitment to user satisfaction.

TradeDay's core offering revolves around providing traders with funded accounts after they successfully complete an evaluation process. This process involves trading within specific rules and risk parameters to prove their ability to manage risk and generate profits consistently. The firm offers various account sizes, ranging up to a maximum allocation of $150,000, allowing traders to choose an account that aligns with their trading style and risk tolerance. A key differentiator for TradeDay is its generous profit split, offering traders up to 95% of the profits they earn. This high percentage, combined with the potential to trade with substantial capital, makes TradeDay an attractive option for skilled futures traders.

TradeDay provides access to a range of popular trading platforms, including Tradovate, NinjaTrader, TradingView, TradeDayX, Quantower, ATAS, and Jigsaw, ensuring that traders can utilize the tools they are most comfortable with. The firm supports various trading strategies, including scalping, trading bots/EAs, and copy trading, providing flexibility for traders with different approaches. However, certain strategies, such as news trading, weekend holding, and hedging, are not allowed. TradeDay also offers a scaling program, allowing successful traders to potentially increase their account size over time. Payouts are offered on-demand and can be processed via US Bank Wire, International Wire, and Crypto (L1 and L2). The evaluation process is a 1-step evaluation. With a starting price of $125, TradeDay aims to provide an accessible entry point for traders looking to prove their skills and access funded trading accounts. US traders are accepted.

How to Save 30% on TradeDay with Coupon Code PFK

Using a coupon code is the simplest way to reduce the cost of your TradeDay trading challenge. The code PFK provides an exclusive 30% discount on all TradeDay evaluation plans. Here is how to apply it:

1. Visit the TradeDay website through our exclusive partner link on this page.

2. Select your preferred challenge — choose the account size and evaluation type that matches your trading goals.

3. Enter the coupon code `PFK` at checkout — the 30% discount will be applied instantly to your order total.

4. Complete your purchase — you will receive immediate access to your evaluation account.

This 30% discount with code `PFK` applies to all available TradeDay challenge sizes. For example, if a challenge normally costs $500, you would pay only $350 after applying the code — saving $150 instantly.

The coupon code `PFK` is verified and updated regularly by our team. If the code does not work at checkout, return to this page for the most current discount code. Our exclusive partnership with TradeDay ensures that the codes listed here provide the maximum available savings.

Company Background

TradeDay, a proprietary trading firm specializing in futures markets, was founded in 2020. In its 6 years of operation, the company has grown to become a recognized name in the prop trading industry, offering traders the opportunity to access capital and participate in profit-sharing arrangements.

The company is headquartered in Chicago, Illinois, United States, a major hub for the financial industry and futures trading. This location provides TradeDay with access to a deep pool of talent and resources, contributing to its growth and development. Chicago's rich history in trading and finance makes it an ideal base for a firm like TradeDay, allowing it to stay connected to the latest market trends and technologies.

James Thorpe serves as the CEO of TradeDay. As CEO, James Thorpe is responsible for the overall strategic direction and management of the company. His leadership is crucial in guiding TradeDay's growth, ensuring its compliance with industry regulations, and fostering a positive environment for its traders.

TradeDay operates in the futures market, which involves trading contracts for the future delivery of commodities, currencies, and other financial instruments. The futures market is known for its volatility and potential for high returns, but it also requires a strong understanding of risk management and trading strategies. By focusing on futures, TradeDay caters to traders with expertise in this specific market, providing them with the tools and resources they need to succeed.

The company's website, https://tradeday.com, serves as a central hub for information about its services, evaluation process, trading platforms, and other relevant details. The website is an important tool for attracting new traders and providing existing traders with the support they need.

TradeDay's commitment to providing a positive experience for its traders is reflected in its Trustpilot rating of 4.86/5, based on 1315 reviews. This high rating suggests that traders are generally satisfied with the firm's services, including its evaluation process, profit-sharing model, and customer support. Building and maintaining a strong reputation is crucial for any prop trading firm, and TradeDay's positive Trustpilot rating is a testament to its efforts in this area.

How TradeDay Works

TradeDay operates on a model where traders are evaluated based on their ability to trade futures contracts profitably and manage risk effectively. The core of TradeDay's system is a 1-step evaluation process that aspiring traders must complete to gain access to a funded trading account. This evaluation is designed to simulate real-world trading conditions and assess a trader's skills in a controlled environment.

The evaluation process typically involves the following steps:

1. Account Selection: Traders choose an account size and evaluation plan that aligns with their trading style and risk tolerance. TradeDay offers various account sizes, ranging up to a maximum allocation of $150,000. Each account size has its own specific rules, profit targets, and risk parameters.

2. Evaluation Phase: Once an account is selected, traders must trade within the specified rules and risk parameters to demonstrate their ability to generate profits consistently. This phase typically involves meeting a profit target while staying within the maximum loss and daily loss limits. The minimum trading days required is 5.

3. Profit Target: The profit target is the amount of profit a trader must achieve during the evaluation phase to pass and qualify for a funded account. The profit target varies depending on the account size and evaluation plan.

4. Risk Management: Risk management is a critical aspect of the evaluation process. Traders must adhere to the daily loss limit and maximum loss limit to avoid failing the evaluation. The daily loss limit is the maximum amount a trader can lose in a single day, while the maximum loss limit is the total amount a trader can lose throughout the evaluation.

5. Trading Rules: In addition to the risk management parameters, traders must also adhere to specific trading rules, such as restrictions on news trading, weekend holding, and hedging. These rules are designed to promote responsible trading practices and protect the firm's capital.

6. Evaluation Completion: If a trader successfully meets the profit target and adheres to the risk management parameters and trading rules, they pass the evaluation and are eligible to receive a funded trading account.

7. Funded Account: Once a trader receives a funded account, they can begin trading with the firm's capital and earning a share of the profits they generate. TradeDay offers a generous profit split, with traders receiving up to 95% of the profits.

8. Payouts: Traders can request payouts of their profits on-demand. Payouts can be processed via US Bank Wire, International Wire, and Crypto (L1 and L2). The first payout can be requested after 1 day.

Throughout the evaluation process, traders have access to various trading platforms, including Tradovate, NinjaTrader, TradingView, TradeDayX, Quantower, ATAS, and Jigsaw. These platforms provide traders with the tools and resources they need to analyze the markets, execute trades, and manage their positions.

TradeDay also offers live chat support to assist traders with any questions or issues they may encounter during the evaluation process or while trading with a funded account. This support is designed to provide traders with the guidance and assistance they need to succeed.

Challenge Options and Pricing

TradeDay offers a variety of challenge options to suit different trading styles and risk appetites. Each challenge option features a different account size, price, profit target, and risk parameters. All challenges are 1-step evaluations. Here's a detailed breakdown of each challenge:

$50,000 Account Options:

• Intraday Trailing: This challenge costs $125.0 and offers a $50,000 account with an intraday trailing drawdown. The Phase 1 profit target is 3000.0%. The daily loss limit is 0.0%, and the maximum loss is 2000.0%. The profit split is 80.0%.

• EOD Trailing: This challenge costs $175.0 and offers a $50,000 account with an end-of-day (EOD) trailing drawdown. The Phase 1 profit target is 3000.0%. The daily loss limit is 0.0%, and the maximum loss is 2000.0%. The profit split is 80.0%.

• Static: This challenge costs $165.0 and offers a $50,000 account with a static drawdown. The Phase 1 profit target is 1500.0%. The daily loss limit is 0.0%, and the maximum loss is 500.0%. The profit split is 80.0%.

$100,000 Account Options:

• Intraday Trailing: This challenge costs $200.0 and offers a $100,000 account with an intraday trailing drawdown. The Phase 1 profit target is 6000.0%. The daily loss limit is 0.0%, and the maximum loss is 3000.0%. The profit split is 80.0%.

• EOD Trailing: This challenge costs $275.0 and offers a $100,000 account with an end-of-day (EOD) trailing drawdown. The Phase 1 profit target is 6000.0%. The daily loss limit is 0.0%, and the maximum loss is 3000.0%. The profit split is 80.0%.

• Static: This challenge costs $250.0 and offers a $100,000 account with a static drawdown. The Phase 1 profit target is 2500.0%. The daily loss limit is 0.0%, and the maximum loss is 750.0%. The profit split is 80.0%.

$150,000 Account Options:

• Intraday Trailing: This challenge costs $300.0 and offers a $150,000 account with an intraday trailing drawdown. The Phase 1 profit target is 9000.0%. The daily loss limit is 0.0%, and the maximum loss is 4000.0%. The profit split is 80.0%.

• EOD Trailing: This challenge costs $375.0 and offers a $150,000 account with an end-of-day (EOD) trailing drawdown. The Phase 1 profit target is 9000.0%. The daily loss limit is 0.0%, and the maximum loss is 4000.0%. The profit split is 80.0%.

• Static: This challenge costs $350.0 and offers a $150,000 account with a static drawdown. The Phase 1 profit target is 3750.0%. The daily loss limit is 0.0%, and the maximum loss is 1000.0%. The profit split is 80.0%.

Key Considerations:

• Account Size: The account size determines the amount of capital you will be trading with once you pass the evaluation.
• Price: The price is the fee you pay to participate in the challenge.
• Profit Target: The profit target is the amount of profit you must generate to pass the evaluation.
• Drawdown Type: The drawdown type (intraday trailing, EOD trailing, or static) affects how your maximum loss is calculated.
• Daily Loss Limit: The daily loss limit restricts how much you can lose in a single trading day.
• Maximum Loss: The maximum loss is the total amount you can lose during the evaluation.
• Profit Split: The profit split determines the percentage of profits you will receive once you are trading with a funded account.

Traders should carefully consider their trading style, risk tolerance, and capital requirements when selecting a challenge option.

Trading Rules and Risk Management

TradeDay places a strong emphasis on risk management, implementing specific trading rules and risk parameters to protect both the firm's capital and the traders themselves. These rules are designed to promote responsible trading practices and ensure that traders are managing their risk effectively.

Key Risk Management Parameters:

• Daily Loss Limit: Each account has a daily loss limit, which is the maximum amount a trader can lose in a single trading day. If a trader reaches their daily loss limit, their account may be temporarily or permanently suspended. The daily loss limit is 0.0% for all challenges.

• Maximum Loss: Each account also has a maximum loss limit, which is the total amount a trader can lose throughout the evaluation or while trading with a funded account. If a trader reaches their maximum loss limit, their account will be closed. The maximum loss varies depending on the account size and challenge type, ranging from 500.0% to 4000.0%.

• Drawdown Type: TradeDay offers different drawdown types, including trailing and static drawdowns. The drawdown type affects how the maximum loss is calculated.

* Trailing Drawdown: A trailing drawdown means that the maximum loss limit trails behind the trader's highest account balance. As the trader's account balance increases, the maximum loss limit also increases, providing more flexibility. However, if the trader experiences losses, the maximum loss limit will also decrease, potentially leading to a breach of the limit. TradeDay offers both Intraday Trailing and End-of-Day (EOD) Trailing Drawdown options.

* Static Drawdown: A static drawdown means that the maximum loss limit is fixed at a specific level and does not change based on the trader's account balance. This provides more predictability but less flexibility compared to a trailing drawdown.

Trading Rules:

In addition to the risk management parameters, TradeDay also has specific trading rules that traders must adhere to. These rules are designed to prevent certain trading practices that are considered risky or detrimental to the firm's capital.

• News Trading: News trading is NOT ALLOWED. This means that traders are prohibited from trading based on economic news releases or other market-moving events. News trading can be highly volatile and unpredictable, making it difficult to manage risk effectively.

• Weekend Holding: Weekend holding is NOT ALLOWED. This means that traders are prohibited from holding positions open over the weekend. Weekend holding can expose traders to significant overnight risk, as market conditions can change dramatically between Friday's close and Monday's open.

• Hedging: Hedging is NOT ALLOWED. Hedging involves taking offsetting positions in the same or related assets to reduce risk. While hedging can be a legitimate risk management strategy, it can also be used to mask losses or delay inevitable losses.

• HFT: High-Frequency Trading is NOT ALLOWED.

Minimum Trading Days:

Traders are required to trade for a minimum of 5 days during the evaluation phase. This requirement ensures that traders have sufficient time to demonstrate their trading skills and consistency.

Importance of Risk Management:

Adhering to the trading rules and risk management parameters is crucial for success with TradeDay. By managing risk effectively, traders can protect their capital, avoid breaching the maximum loss limit, and increase their chances of passing the evaluation and earning a funded account. TradeDay's emphasis on risk management is designed to create a sustainable trading environment for both the firm and its traders.

Profit Split and Payouts

TradeDay offers a generous profit split, allowing traders to retain a significant portion of the profits they generate while trading with a funded account. The standard profit split is 95%, meaning that traders receive 95% of the profits they earn, while TradeDay retains the remaining 5%. However, the profit split for the challenge accounts is 80%.

Profit Split Details:

• Standard Profit Split: 95%
• Challenge Account Profit Split: 80%

This high profit split is a key differentiator for TradeDay, making it an attractive option for skilled traders who are confident in their ability to generate profits. The profit split provides a strong incentive for traders to perform well and maximize their earnings.

Payout Frequency:

TradeDay offers on-demand payouts, allowing traders to request payouts of their profits whenever they choose. This provides traders with flexibility and control over their earnings.

Payout Methods:

TradeDay supports various payout methods, including:

• US Bank Wire
• International Wire
• Crypto (L1)
• Crypto (L2)

This variety of payout methods ensures that traders can receive their profits in a convenient and efficient manner, regardless of their location or preferred payment method.

First Payout Timeline:

Traders can request their first payout after just 1 day of trading with a funded account. This quick payout timeline allows traders to access their earnings quickly and reinvest them in their trading activities.

Example:

Let's say a trader with a funded account generates $10,000 in profits in a given month. With a 95% profit split, the trader would receive $9,500, while TradeDay would retain $500. If the trader were using a challenge account, with an 80% profit split, the trader would receive $8,000, while TradeDay would retain $2,000. The trader could then request a payout via their preferred method, such as US Bank Wire or Crypto.

Importance of Profit Split and Payouts:

The profit split and payout structure are critical factors for traders to consider when choosing a prop trading firm. A generous profit split allows traders to maximize their earnings, while flexible payout options provide convenience and control. TradeDay's high profit split and on-demand payouts make it a competitive option in the prop trading industry.

Trading Platforms and Tools

TradeDay provides access to a range of popular and powerful trading platforms, catering to diverse trading styles and preferences. These platforms offer a variety of features, including real-time market data, advanced charting tools, order execution capabilities, and risk management tools.

Trading Platforms Offered:

• Tradovate: Tradovate is a cloud-based trading platform known for its user-friendly interface and commission-free pricing. It offers a variety of features, including advanced charting, order flow analysis, and integrated market data. Tradovate is a popular choice for both beginner and experienced traders.

• NinjaTrader: NinjaTrader is a desktop trading platform that offers advanced charting, backtesting, and automated trading capabilities. It is a popular choice for experienced traders who require sophisticated tools and customization options.

• TradingView: TradingView is a web-based charting and social networking platform that offers a wide range of technical analysis tools and a vibrant community of traders. It is a popular choice for traders who rely on technical analysis and want to share their ideas with others.

• TradeDayX: TradeDayX is TradeDay's proprietary trading platform.

• Quantower: Quantower is a multi-asset trading platform that offers advanced charting, order flow analysis, and automated trading capabilities. It is a popular choice for experienced traders who trade multiple asset classes.

• ATAS: ATAS (Advanced Time and Sales) is a professional trading platform that specializes in order flow analysis. It provides traders with detailed insights into market activity, including volume, order book depth, and price action.

• Jigsaw: Jigsaw Trading offers tools and training focused on order flow analysis and market microstructure. Their platform provides traders with real-time insights into order book dynamics and market sentiment.

Broker Relationship:

TradeDay utilizes Tradovate as its broker. This means that all trades executed through TradeDay's platform are cleared and settled through Tradovate. Tradovate is a registered Futures Commission Merchant (FCM) and is regulated by the Commodity Futures Trading Commission (CFTC).

Platform Features:

Each trading platform offers a unique set of features and tools. Some common features include:

• Real-time Market Data: Access to real-time market data is essential for making informed trading decisions.
• Advanced Charting Tools: Charting tools allow traders to analyze price patterns, identify trends, and make predictions about future price movements.
• Order Execution Capabilities: The ability to quickly and efficiently execute trades is crucial for capturing profits in fast-moving markets.
• Risk Management Tools: Risk management tools help traders to manage their risk exposure and protect their capital.
• Automated Trading Capabilities: Some platforms offer automated trading capabilities, allowing traders to develop and execute trading strategies automatically.

Choosing a Platform:

The best trading platform for a particular trader depends on their individual needs and preferences. Factors to consider include:

• Trading Style: Different platforms are better suited for different trading styles. For example, day traders may prefer a platform with fast order execution and advanced charting tools, while swing traders may prefer a platform with longer-term charting capabilities.
• Experience Level: Beginner traders may prefer a platform with a user-friendly interface and educational resources, while experienced traders may prefer a platform with more advanced features and customization options.
• Budget: Some platforms are free, while others require a subscription fee. Traders should choose a platform that fits their budget.

By providing access to a variety of trading platforms, TradeDay allows traders to choose the tools that best suit their needs and trading style.

Allowed Trading Strategies

TradeDay allows a variety of trading strategies, providing traders with flexibility in how they approach the markets. However, certain strategies are prohibited due to their inherent risks or potential for abuse.

Allowed Strategies:

• Scalping: Scalping is ALLOWED. Scalping is a trading strategy that involves making small profits on small price movements. Scalpers typically hold positions for very short periods of time, often just a few seconds or minutes. TradeDay's platform and infrastructure support scalping strategies.

• Trading Bots/EAs: Trading Bots/EAs are ALLOWED. Trading bots, also known as Expert Advisors (EAs), are automated trading systems that can execute trades based on pre-defined rules. TradeDay allows traders to use trading bots, providing they do not violate any other trading rules.

• Copy Trading: Copy Trading is ALLOWED. Copy trading involves automatically copying the trades of another trader. This can be a useful strategy for beginner traders who want to learn from more experienced traders.

Disallowed Strategies:

• News Trading: News Trading is NOT ALLOWED. News trading involves trading based on economic news releases or other market-moving events. News trading can be highly volatile and unpredictable, making it difficult to manage risk effectively. TradeDay prohibits news trading to protect both the firm's capital and the traders themselves.

• Weekend Holding: Weekend Holding is NOT ALLOWED. Weekend holding involves holding positions open over the weekend. Weekend holding can expose traders to significant overnight risk, as market conditions can change dramatically between Friday's close and Monday's open. TradeDay prohibits weekend holding to minimize this risk.

• Hedging: Hedging is NOT ALLOWED. Hedging involves taking offsetting positions in the same or related assets to reduce risk. While hedging can be a legitimate risk management strategy, it can also be used to mask losses or delay inevitable losses.

• HFT: High-Frequency Trading is NOT ALLOWED.

Rationale for Restrictions:

The restrictions on certain trading strategies are in place to protect TradeDay's capital and ensure a fair and sustainable trading environment for all traders. News trading and weekend holding are considered too risky due to their potential for large and unpredictable losses. Hedging can be used to circumvent risk management rules and mask losses.

Importance of Adhering to Allowed Strategies:

Traders must adhere to the allowed trading strategies to avoid violating TradeDay's rules and potentially having their accounts suspended or terminated. By focusing on allowed strategies, traders can develop a consistent and sustainable trading approach that aligns with TradeDay's risk management guidelines.

Scaling Program

TradeDay offers a scaling program that allows successful traders to potentially increase their account size over time. The specifics of the scaling program are not detailed in the provided data, but the existence of the program indicates that TradeDay rewards consistent profitability and effective risk management.

General Principles of Scaling Programs:

While the exact details of TradeDay's scaling program are not available, scaling programs typically operate based on the following principles:

• Consistent Profitability: Traders must demonstrate consistent profitability over a certain period of time to be eligible for scaling. This typically involves meeting specific profit targets and maintaining a positive win rate.
• Effective Risk Management: Traders must also demonstrate effective risk management skills, adhering to the firm's risk management parameters and avoiding excessive losses.
• Account Growth: As traders meet the criteria for scaling, their account size is gradually increased, allowing them to trade with more capital and potentially generate larger profits.
• Increased Profit Split (Potentially): In some scaling programs, the profit split may also increase as traders reach higher account levels.

Potential Benefits of a Scaling Program:

• Increased Earning Potential: Scaling programs allow traders to increase their earning potential by trading with more capital.
• Motivation and Incentives: Scaling programs provide traders with motivation and incentives to improve their trading skills and achieve consistent profitability.
• Recognition and Rewards: Scaling programs recognize and reward successful traders, providing them with a sense of accomplishment and validation.

How to Qualify for Scaling (General Guidelines):

While the specific requirements for TradeDay's scaling program are not available, traders typically need to:

• Meet specific profit targets consistently.
• Maintain a positive win rate.
• Adhere to the firm's risk management parameters.
• Avoid excessive losses.
• Trade for a minimum period of time.

Traders who are interested in participating in TradeDay's scaling program should contact TradeDay directly for more information about the specific requirements and guidelines.

Who Should Choose TradeDay?

Based on the available information, TradeDay is a suitable choice for specific types of futures traders:

• Experienced Futures Traders: TradeDay is best suited for experienced futures traders who have a proven track record of profitability and a strong understanding of risk management. The evaluation process and trading rules are designed to assess the skills of experienced traders.

• Traders Seeking Significant Capital: TradeDay offers a maximum allocation of $150,000, making it an attractive option for traders who are looking to leverage their strategies with substantial capital.

• Traders Comfortable with Trailing Drawdowns: TradeDay utilizes a trailing drawdown, which requires diligent risk management. Traders who are comfortable with this type of drawdown and have experience managing risk effectively will be well-suited for TradeDay.

• Traders Who Value a High Profit Split: TradeDay offers a generous 95% profit split (80% for challenge accounts), which is a significant incentive for profitable traders. Traders who prioritize maximizing their earnings will find TradeDay's profit split appealing.

• Traders Who Utilize Allowed Strategies: TradeDay allows scalping, trading bots/EAs, and copy trading. Traders who utilize these strategies will find TradeDay to be a suitable platform.

• US-Based Traders: TradeDay accepts US traders, making it a convenient option for traders located in the United States.

• Traders Seeking Flexible Payout Options: TradeDay offers on-demand payouts via US Bank Wire, International Wire, and Crypto (L1 and L2), providing traders with flexibility in how they receive their earnings.

TradeDay may NOT be suitable for:

• Beginner Traders: The evaluation process and trading rules may be challenging for beginner traders who lack experience and a strong understanding of risk management.
• Traders Who Rely on News Trading, Weekend Holding, or Hedging: TradeDay prohibits these strategies, so traders who rely on them will need to adapt their trading approach.
• Traders Who Prefer a Static Drawdown: While TradeDay offers static drawdown challenges, the trailing drawdown is more common. Traders who strongly prefer a static drawdown may find other firms more suitable.

Pros and Cons

Based solely on the provided data, here's an honest assessment of TradeDay's pros and cons:

Pros:

• High Trustpilot Rating: A 4.86/5 rating from 1315 reviews indicates a high level of user satisfaction.
• Generous Profit Split: A 95% profit split (80% for challenge accounts) is highly competitive and provides a strong incentive for profitable traders.
• Significant Capital Allocation: A maximum allocation of $150,000 allows traders to leverage their strategies effectively.
• Multiple Trading Platforms: Access to Tradovate, NinjaTrader, TradingView, TradeDayX, Quantower, ATAS, and Jigsaw provides traders with a variety of tools to choose from.
• Flexible Payout Options: On-demand payouts via US Bank Wire, International Wire, and Crypto (L1 and L2) provide convenience and control.
• US Traders Accepted: TradeDay welcomes traders from the United States.
• Scaling Program: The existence of a scaling program suggests that TradeDay rewards consistent profitability.
• Allowed Strategies: Scalping, Trading Bots/EAs, and Copy Trading are allowed.
• Live Chat Support: Live chat support is available.
• 1-Step Evaluation: The evaluation process is a 1-step evaluation.

Cons:

• Trailing Drawdown: The trailing drawdown, while common, requires diligent risk management and can be challenging for some traders.
• Restricted Trading Strategies: News trading, weekend holding, and hedging are not allowed.
• No Free Trial: A free trial is not available.
• Profit Target: The profit target is high.
• Daily Loss Limit: The daily loss limit is 0.0% for all challenges.

Overall:

TradeDay offers a compelling proposition for experienced futures traders seeking significant capital and a generous profit split. However, the trailing drawdown and restricted trading strategies require careful consideration. The high Trustpilot rating suggests that TradeDay provides a positive experience for its traders.

Frequently Asked Questions

Here are some frequently asked questions about TradeDay, based solely on the provided data:

1. What is TradeDay?

TradeDay is a proprietary trading firm that provides traders with the opportunity to access capital and trade futures markets.

2. Where is TradeDay located?

TradeDay is headquartered in Chicago, Illinois, United States.

3. How long has TradeDay been in operation?

TradeDay was founded in 2020 and has been in operation for 6 years.

4. What is the maximum capital allocation offered by TradeDay?

TradeDay offers a maximum allocation of $150,000.

5. What is the profit split offered by TradeDay?

TradeDay offers a 95% profit split (80% for challenge accounts).

6. What trading platforms are available through TradeDay?

TradeDay provides access to Tradovate, NinjaTrader, TradingView, TradeDayX, Quantower, ATAS, and Jigsaw.

7. What trading strategies are allowed on TradeDay?

TradeDay allows scalping, trading bots/EAs, and copy trading.

8. What trading strategies are NOT allowed on TradeDay?

TradeDay does NOT allow news trading, weekend holding, or hedging.

9. What is the drawdown type used by TradeDay?

TradeDay uses a trailing drawdown.

10. What is the minimum number of trading days required during the evaluation phase?

The minimum number of trading days required is 5.

11. Is there a daily loss limit on TradeDay accounts?

Yes, there is a daily loss limit. The daily loss limit is 0.0% for all challenges.

12. How often can I request a payout from TradeDay?

TradeDay offers on-demand payouts.

13. What payout methods are available through TradeDay?

TradeDay offers payouts via US Bank Wire, International Wire, and Crypto (L1 and L2).

14. How soon can I request my first payout?

You can request your first payout after 1 day.

15. Does TradeDay offer a scaling program?

Yes, TradeDay offers a scaling program.

16. Are US traders accepted by TradeDay?

Yes, US traders are accepted.

17. Is there a free trial available with TradeDay?

No, a free trial is not available.

18. What is the Trustpilot rating for TradeDay?

TradeDay has a Trustpilot rating of 4.86/5 from 1315 reviews.

19. What is the evaluation process like at TradeDay?

The evaluation process is a 1-step evaluation.

20. What broker does TradeDay use?

TradeDay uses Tradovate as its broker.

Final Verdict

TradeDay presents a compelling opportunity for experienced futures traders seeking substantial capital and a generous profit-sharing arrangement. The firm's high Trustpilot rating, access to multiple trading platforms, and flexible payout options contribute to a positive trading environment. The 95% profit split (80% for challenge accounts) is a significant advantage, allowing successful traders to maximize their earnings.

However, prospective traders should carefully consider the trailing drawdown and restricted trading strategies. The trailing drawdown requires diligent risk management, and traders who rely on news trading, weekend holding, or hedging will need to adapt their trading approach. The absence of a free trial also means that traders must commit to a paid evaluation before experiencing the platform firsthand.

Overall, TradeDay is a strong contender in the prop trading space for experienced futures traders who are comfortable with trailing drawdowns and can adhere to the firm's trading rules. The potential for high earnings, combined with a supportive trading environment, makes TradeDay a worthwhile option for skilled traders looking to take their careers to the next level.