Discount Alert! TradeDay Promo Code
TradeDay is running a CFT Exclusive 20% off lifetime discount – you won’t find this anywhere else! Use code CFTPROMO at checkout! I highly recommend TradeDay, they are in my Top 5 Funded Futures Programs. Give them a look!
TradeDay made some fantastic changes to their funded futures program in 2023! Offering more selection on accounts, a bigger profit split, easier rules and coaching as well it’s easy to understand why TradeDay is in my Top 5 funded futures programs.
TradeDay review has been a popular request from people who wanted to know what I thought of the TradeDay funded trader evaluation program. TradeDay is a funded futures program which is looking to stand out from the competition with their actual live funding from day 1 once you pass, their extensive educational offering, and their desire to grow with traders by allowing you to scale up your trading size as your account grows.
They do not run deals often, but when they do I keep a current list of deals and sales on my Funded Trader Evaluation Deals Page. You will find TradeDay coupons and TradeDay promos there if they are running any. You can always get 20% off with my exclusive discount CFTPROMO, occasionally they will run a sale for a higher amount.
Summary of My TradeDay Review
TradeDay has quickly become a favorite in the funded futures trader program world. By offering fully funded actual money accounts from day 1 of funding they stand out from the competition. You can see in the review that they take developing profitable traders very seriously. With TradeDay you can withdraw from day 1 at your full profit split rate unlike any other firm. As well they offer Tradovate as their software, a favorite among traders since it can be used on mobile, web browser, and Mac computers easily. Of course you can also use NinjaTrader if you prefer.
You can read more below about what I like and dislike about TradeDay.
As well in July 2022 I was able to interview the founders of TradeDay. You can see our interview here: CFT YouTube – Interview With James and Steve – Founders of TradeDay
Evaluations Available and Pricing
TradeDay has evolved to offer 6 account sizes, catering to traders of all types and comfort level.
Below is the current list:
|Account Size||Price/month||Contracts||Goal||EOD Drawdown|
When you sign up with TradeDay you will connect via Tradovate or NinjaTrader, whichever is your preference. Or both! That’s right, TradeDay is the only company which offers you the ability to use either or, and switch as well. Tradovate offers huge benefits to traders as it is simple to use and learn, a nice user interface and most important is web based. It can be used on PC or Mac, mobile phone, tablet, etc. There is both a Tradovate native app, or you can use it in a web browser.
Along with Tradovate or NinjaTrader, you will be using a CQG feed. While most companies use Rithmic, Rithmic has become increasingly unstable, so having CQG as your data feed is a huge benefit as well.
You can of course use your own software as well. I’m a fan of Jigsaw Daytradr, so I connect Jigsaw to my TradeDay connection and trade within it with Tradovate open as well as a backup.
As well once funded, you can continue to use Tradovate for free!
Multiple Accounts Not Allowed
Very simply they do not allow multiple accounts. They are funding you with their own capital and would rather see a trader grow their account and be allowed to trade additional size that way than by signing up for multiple accounts and looking to size up beyond their trading ability.
It is also why the offer bigger account sizes. Rather than take 10 $25K’s, just manage 1 $250K account.
Evaluation Rules and Details
Below are the general rules and some details. Be sure to read the specific rules on their site.
- 1 Step Evaluation
- Trade for 10 days
- Drawdown stops at the initial balance
- Drawdown is calculated at the end of day, not in between trades. Big benefit to traders.
- Be consistent – no more than 30% of your profits can be in 1 day
Obviously if you are new to trading a lot of this might seem confusing. I recommend reading extensively over their Faqs and knowing what you are getting yourself into.
Funded Account Rules
The general rules will be the same as the evaluation. You’ll be using a scaling plan as you build up a balance. As you add profit to your account, every $2,000 will earn you an additional contract you can trade.
Funded Account Fees
None! TradeDay is the ONLY firm out there who doesn’t charge you a dime once you pass. No set up fee, no withdraw fee. One slight caveat, if you do a withdraw less than $500 they do charge you the bank fee to cover the cost. No excessive ongoing fees or setup fees though. Huge benefit to traders.
You will have to pay a data fee though since you are considered a professional trader once funded.
Funded Account Withdraw Frequency & Methods
TradeDay offers the ability to withdraw whenever you like! No minimum traded days, no rules around how often you can withdraw. Withdraws can take up to 7 days to process. Withdrawals and payouts are free which is fantastic, as long as the amount is over $500. If less than $500, they do charge you the bank fee to discourage people withdrawing small amounts frequently.
Pros of TradeDay
- 1 step evaluation
- Tradovate and NinjaTrader available as software
- The ability to switch between the software at will
- CQG data feed
- NO fees once funded – no setup fee, no ongoing fee
- Live funded account from day 1 once passing, no “sim live”
- Withdraw from day 1 and as often as you want – no waiting or catches
- Drawdown updated at End of Day, not after every trade
- Scale up your trading size available as you earn more profit
Cons of TradeDay
- No multiple accounts available
- No frequent promos
Unique Standout Features of TradeDay
- Tradovate & NinjaTrader as available software
- Trading ACTUAL capital from day 1
- Withdraw profits from day 1 with no special technicalities
- Scale up your trading size as your account balance grows
I hope you found our TradeDay review helpful. Feel free to email me from my Contact Page with any questions and I’ll do my best to answer.
Ready to give TradeDay a try?
Be Notified Of New Trader Evaluation Promotions
Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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