# Trade Day — rules, pricing and payouts

> Trade Day — proprietary trading firm tracked by Prop Firm Pal.

**Source:** https://propfirmpal.com/firms/unverified/trade-day  
**Generated:** 2026-10-06  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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## Key terms
| Field | Value |
| --- | --- |
| Verification | Listed, not verified |
| Community rating | no reviews yet |
| Evaluation types | not published |
| Cost to a $100,000 funded account | not published |
| Cheapest entry price | not published |
| Instant funding | not offered |
| Account sizes | not published |
| Maximum profit split | not published |
| Phase 1 profit target | not published |
| Daily drawdown | not published |
| Maximum drawdown | not published |
| Platforms | not published |
| Instruments | not published |
| Payment methods | not published |
| Payout methods | not published |
## Is Trade Day legit?

Prop Firm Pal has not verified Trade Day, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as TradeDay LLC, in Registered in Illinois, USA, with a presence in the UK. It was founded in 2020. Its website has been active in Prop Firm Pal's monthly traffic record since November 2025, and traffic over the last three months is growing. It claims Over $10 million paid to traders; that is its own figure, and we have not seen its payout records. Its payout policy is published, and summarised on the Payouts tab.

| Record | What we hold |
| --- | --- |
| Company | TradeDay LLC |
| Founded | 2020 |
| Headquarters | Registered in Illinois, USA, with a presence in the UK |
| In our traffic record | Since November 2025 (10 months) |
| Traffic, last three months | Growing (+42% to August 2026) |
| Paid to traders (its claim) | Over $10 million |

- Company: "TradeDay LLC is a trading education, and trader evaluation company." — https://tradeday.freshdesk.com/en/support/solutions/articles/103000008676-what-is-tradeday-
- Founded: "Founded in 2020 by James Thorpe and Steve Miley – with over 80 years of combined experience in the futures industry" — https://www.tradeday.com/about
- Headquarters: "It was established in 2020 and is registered in Illinois, USA. TradeDay also has a presence in the UK." — https://tradeday.freshdesk.com/en/support/solutions/articles/103000008676-what-is-tradeday-
- Paid to traders: "Over $10 million in Verified Payouts" — https://www.tradeday.com/

## What this firm publishes

TradeDay (TradeDay LLC) is a futures prop firm established in 2020 and registered in Illinois, USA, trading CME Group futures on the CME, CBOT, COMEX and NYMEX. It runs two evaluations, Quick Pay and Fast Pass, each in $25,000, $50,000, $100,000 and $150,000 sizes, billed as a subscription every 30 days with no activation fee. Passing leads to a Funded Sim account and then a Funded Live account, where withdrawals carry a 90% profit split. Traders can hold up to 10 accounts on Tradovate, NinjaTrader or Rithmic-based platforms, and TradeDay says it has paid out over $10 million.

The profit target is 6% of the account ($1,500 to $9,000) and the trailing maximum drawdown runs from $1,000 to $4,500, with no time limit to pass. Quick Pay needs 5 trading days and a 30% consistency rule, and comes with intraday or end-of-day (EOD) trailing drawdown. Fast Pass needs 3 trading days, uses a 45% consistency rule and EOD drawdown only. A day above the consistency limit raises the profit target rather than failing the account. Rules that end accounts or block funding: no trading within 2 minutes of tier 1 news, all positions closed 10 minutes before the daily close, no third-party bots or more than 200 trades a day, no hedging between accounts, and gold, silver, copper and platinum futures currently restricted.

Quick Pay Funded Sim payouts can be requested from the first trading day while the balance is positive; Fast Pass Funded Sim payouts come after every 5 profitable days. The minimum payout is $250, requests before 5:30 pm CT are processed within 24 hours on business days, and funds arrive through Riseworks by bank wire or crypto. Help-centre prices run from $100 to $480 per 30 days, resets cost $45 to $225, and TradeDay does not refund fees after purchase. Funded Live traders pay $156 a month per exchange for CME professional market data.

_Compiled from Trade Day's own published pages, retrieved 2026-09-14. Not independently verified by Prop Firm Pal._

| Field | Value | Source |
| --- | --- | --- |
| legalName | TradeDay LLC | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008676-what-is-tradeday-) |
| foundedYear | 2020 | [published page](https://www.tradeday.com/about) |
| headquarters | Registered in Illinois, USA, with a presence in the UK | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008676-what-is-tradeday-) |
| founders | James Thorpe, Steve Miley | [published page](https://www.tradeday.com/about) |
| ceo | James Thorpe | [published page](https://www.tradeday.com/about) |
| platforms | Tradovate, NinjaTrader, TradingView, Jigsaw, R|Trader Pro, Quantower, ATAS, MotiveWave, Bookmap, Sierra Chart, EdgeProX, Finamark, Volfix, WealthCharts, MultiCh | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008813-which-trading-platforms-does-tradeday-use-) |
| instruments | CME futures, CBOT futures, COMEX futures, NYMEX futures | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008862-what-are-the-permitted-products-guidelines-) |
| availableAssets | Equity index futures, FX futures, Bond futures, Energy futures, Metals futures, Agricultural futures | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008862-what-are-the-permitted-products-guidelines-) |
| payoutMethods | Bank wire (via Riseworks), Crypto (via Riseworks) | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008898-what-are-the-payment-methods-for-my-trading-profits-) |
| payoutFrequency | Quick Pay Funded Sim: from the first trading day, at any time while the balance is positive; Fast Pass Funded Sim: after every 5 profitable trading days | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000405228-what-is-quick-pay-) |
| restrictedCountries | Afghanistan, Albania, Algeria, Angola, Balkans, Barbados, Belarus, British Virgin Islands, Bosnia and Herzegovina, Botswana, Bulgaria, Burkina Faso, Burundi, Ca | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000123294-prohibited-countries) |
| maxProfitSplitPercent | 90 | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000411652-quick-pay-and-fast-pass-funded-live-trading-rules) |
| positioning | A futures prop firm that has funded futures traders worldwide since 2020 | [published page](https://www.tradeday.com/) |
| targetTrader | Day traders from beginner to veteran; the firm says the evaluation is not suggested for people with minimal trading experience | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008683-can-anyone-join-tradeday-) |
| totalPaidOut | Over $10 million | [published page](https://www.tradeday.com/) |
| accountCurrencies | USD | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000304248-what-are-the-differences-between-each-account-size-) |
| maxAccountSize | 150000 | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000405228-what-is-quick-pay-) |
| scalingPlan | Fast Pass Funded Sim position limits start at 1 to 4 contracts by size and rise by 1 contract for every $2,000 of profit, calculated at end of day | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000405229-what-is-fast-pass-) |
| resetPolicy | A failed evaluation can be reset for a fee as many times as the trader likes, or reset free when the next subscription payment goes through | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008847-what-are-the-objectives-and-rules-of-the-quick-pay-and-fast-pass-evaluation-) |
| refundPolicy | No refund after purchase; a forgotten renewal can be refunded less 20% if requested within 72 hours with no new trading activity | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008910-refund-policy) |
| inactivityPolicy | No inactivity fee, but a Tradovate account not logged into for more than one calendar month is archived and counted as failed | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008899-are-there-any-inactivity-fees-or-minimum-trading-requirements-) |
| kycRequirements | KYC and AML checks when funded, with proof of address and a government-issued ID; traders must be 18 or older | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000008683-can-anyone-join-tradeday-) |
| minPayoutAmount | $250 | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000404096-fast-pass-funded-sim-payout-policy) |
| payoutProcessingTime | Within 24 hours on business days for requests received before 5:30 pm CT | [published page](https://tradeday.freshdesk.com/en/support/solutions/articles/103000262630-how-do-i-request-a-payout-withdrawal-and-how-long-does-it-take-) |

## Frequently asked questions

### What is TradeDay's profit split?

TradeDay pays a 90% profit split on withdrawals from Funded Live accounts. Before that, Quick Pay Funded Sim payouts are split 50/50 below $4,000 of current profit and 80/20 above it, and Fast Pass Funded Sim payouts are split 80/20.

### What are the TradeDay drawdown rules?

Every TradeDay account has a trailing maximum drawdown of $1,000 on 25K, $2,000 on 50K, $3,000 on 100K and $4,500 on 150K. Quick Pay evaluations offer intraday or end-of-day (EOD) drawdown, but Quick Pay Funded Sim accounts always trail intraday; Fast Pass stays EOD.

### Does TradeDay have a consistency rule?

Yes. No single day can exceed 30% of total profits in the Quick Pay evaluation or 45% in Fast Pass, and a bigger day raises the profit target rather than failing the account. Quick Pay Funded Sim has no consistency rule, while Fast Pass Funded Sim accounts opened on or after July 26 2026 must meet 45% before each payout.

### How do TradeDay payouts work?

Quick Pay Funded Sim traders can request a payout from their first trading day while the balance is positive; Fast Pass Funded Sim traders need 5 profitable days per cycle. The minimum is $250, requests before 5:30 pm CT are processed within 24 hours on business days, and payouts are made through Riseworks by bank wire or crypto.

### How much does a TradeDay account cost?

TradeDay's help centre lists Quick Pay Intraday at $100 to $350, Quick Pay End of Day at $120 to $395 and Fast Pass at $130 to $480, billed every 30 days until you pass. There is no activation fee, resets cost $45 to $225, and billing stops once you pass.

### Does TradeDay allow news trading?

No, not around tier 1 releases. TradeDay auto-liquidates open positions 2 minutes before releases such as FOMC, US CPI, Non-Farm Payrolls, EIA inventories and crop reports, and reopens trading 2 minutes after; accidental breaches do not fail the account.

### Does TradeDay allow bots and copy trading?

Automated systems are allowed only through TradeDay's supported platforms, with no API access, and bots bought from a third party are forbidden. Copy trading into evaluations and funded accounts is allowed, but not between Funded Live and Funded Sim accounts.

### How many accounts can you have at TradeDay?

Up to 10 accounts at a time, with at most 5 active Funded Sim and 5 Funded Live accounts. All accounts must be on one broker, extra passed evaluations are queued, and TradeDay allows one user per household.

### Which countries are restricted at TradeDay?

TradeDay cannot accept citizens or residents of 81 listed countries and regions, including Nigeria, Pakistan, the Philippines, Indonesia, Vietnam, South Africa, Russia, Ukraine and Morocco, citing restrictions from its clearing firm and broker. German citizens and Canadians outside Ontario may trade Funded Sim accounts but are not eligible for Funded Live.

### Does TradeDay refund the evaluation fee?

No. TradeDay's refund policy says it cannot refund after purchase, though a forgotten renewal can be refunded less 20% if you ask within 72 hours and have not traded since. If you pass but fail the funded KYC check, the help centre says the passed evaluation fee is refunded.

### Is TradeDay legit?

TradeDay is operated by TradeDay LLC, established in 2020 and registered in Illinois, USA, and it says it has paid out over $10 million. Its terms state that moving a passed trader into a Funded Live or Funded Sim account is at TradeDay's sole discretion.

## Related pages
- [Trade Day rules](https://propfirmpal.com/firms/unverified/trade-day/rules) — markdown: https://propfirmpal.com/firms/unverified/trade-day/rules.md
- [Trade Day payouts](https://propfirmpal.com/firms/unverified/trade-day/payouts) — markdown: https://propfirmpal.com/firms/unverified/trade-day/payouts.md
- [All prop firms compared](https://propfirmpal.com/best-prop-firms)
- [Trade Day alternatives](https://propfirmpal.com/alternatives/trade-day)
- [Trade Day web traffic history](https://propfirmpal.com/firms/unverified/trade-day/traffic)