Name: TradeDay Challenges
Brand: TradeDay

TradeDay

CEOJames Thorpe

Country

Date Created1/1/2020

Years in Operation6.5

TradeDay Prop Firm Details

Firm Overview

Broker:

Tradovate

Platform:

Ninja Trader

Tradingview

Tradovate

Jigsaw Daytradr

Quantower

Rithmic

Payment Methods:

Credit Card

Paypal

Payout Methods:

Riseworks

Type of Instruments:

futures

Contract Sizes

$25K Account

Up to 2 Minis or 20 Micros

$50K Account

Up to 5 Minis or 50 Micros

$100K Account

Up to 10 Minis or 50 Micros

$150K Account

Up to 15 Minis or 50 Micros

These are the contract limits during the Challenge Phase. Contract limits may differ on some Funded Accounts, particularly Fast Pass.

Commissions

Trade Day Commessions

Account Sizes

QuickPay (Intraday)

$25K / $50K / $100K / $150K

QuickPay (EOD)

$25K / $50K / $100K / $150K

FastPass (EOD)

$25K / $50K / $100K / $150K

Max Allocation

You can have up to 10 active Challenge Accounts with TradeDay at the same time.
You can have up to 5 Funded Accounts at the same time.

Daily & Maximum Loss

All Accounts

$25K

No Daily Loss / Maximum Loss 4%

$50K

No Daily Loss / Maximum Loss 4%

$100K

No Daily Loss / Maximum Loss 3%

$150K

No Daily Loss / Maximum Loss 3%

Drawdown

Quick Pay – Intraday

Intraday Trailing Drawdown.

Quick Pay – EOD

Challenge: End-of-Day Trailing Drawdown.
Funded Account: Intraday Trailing Drawdown.

Fast Pass – EOD

Challenge: End-of-Day Trailing Drawdown.
Funded Account: End-of-Day Trailing Drawdown.

Consistency Rules

QuickPay (EOD) & QuickPay (Intraday)

Challenge: 30%
Funded Account: No Consistency Rule

Fast Pass

Challenge: 45%
Funded Account: 45%

News Trading

Allowed

None

Restricted

Open positions or pending orders are not allowed from 2 minutes before high-impact economic news until 2 minutes after.
All positions and pending orders must be closed before the restricted period begins.

Overnight & Weekends Holding

Overnight holding is not allowed.
Weekend holding is not allowed.

Copy Trading

Allowed

Copy Trading is allowed between TradeDay challenges & funded up to 5 accounts, all under the same name
Copy trading between TradeDay and other prop firms is allowed if the trader owns all accounts involved, TradeDay may request verification that all accounts involved are registered under the exact same name, any variation in spelling or identity will not be accepted

Best website/app to copy trades between your own accounts:

https://bit.ly/4kZqXSJ

Restricted

Copying another trader’s trades.
Sharing your account with another person.
Coordinated trading between multiple traders.
Using multiple accounts to place opposing trades to gain an unfair advantage.
Hedging between accounts.

Experts

Allowed

Using a trader-owned automated trading system, provided that all rules are followed.

Restricted

Using a bot or automated trading system purchased from a third party.
Using the same automated trading system across multiple traders.
Using high-frequency trading for ultra-fast scalping.
Executing more than 200 trades per day.
Using AI or automated systems to manipulate the system or gain an unfair advantage.
Using automated systems to exploit pricing, execution delays, or platform errors.

VPN/VPS

Using a VPN or VPS to hide the trading location is not allowed.

Payout Policy

Quick Pay (EOD & Intraday)

Payouts are available from the first day on the Funded Account.
There is no minimum number of trading days before the first payout.
No payout buffer is required.
There are no additional profit milestones or targets required for payouts.
Minimum payout request: $250.
You can request a payout from any positive profit balance, provided the request is at least $250.
Profit split is 50% when net profit is below $4,000.
After exceeding $4,000 in net profit, the profit split increases to 80%.
On the Live Account, the profit split is 90%.
Most payout requests are processed within 24 hours.

Fast Pass

The first payout requires 5 qualifying profitable days.
Minimum payout request: $250.
There is a maximum payout per cycle based on the account size.
The 45% consistency rule continues to apply on the Funded Account.
Profit split on the Funded Account: 80%.
Profit split on the Live Account: 90%.

$25K Account

You must complete 5 profitable days with at least $100 profit per day.
Maximum payout per cycle: $750.

$50K Account

You must complete 5 profitable days with at least $150 profit per day.
Maximum payout per cycle: $1,500.

$100K Account

You must complete 5 profitable days with at least $200 profit per day.
Maximum payout per cycle: $1,875.

$150K Account

You must complete 5 profitable days with at least $250 profit per day.
Maximum payout per cycle: $2,250.

After a Payout

After each Fast Pass payout cycle, you must meet the requirements for the next payout cycle again.
Quick Pay allows payouts from the first day with no payout buffer.
Fast Pass requires 5 qualifying profitable days, with a maximum payout based on the account size.

Inactivity Rules

There is no stated inactivity limit.
However, it is recommended not to leave the account inactive for more than 7 days without placing any trades.

Prohibited Strategies

Exploiting pricing errors, execution delays, or platform vulnerabilities.
Manipulating orders or prices, such as spoofing or order splitting.
Abusive high-frequency trading or executing more than 200 trades per day.
Exploiting market gaps, low liquidity, or the absence of slippage to achieve unrealistic executions.
Using external or delayed data feeds to exploit price differences.
Coordinated trading, hedging, or using opposing accounts.
Using AI or software to manipulate or bypass the system.
Using trading strategies that cannot realistically be replicated in live markets.
Using third-party bots or automated trading systems, or systems shared by multiple traders.