How to Trade the Big 3 News Events in Prop Firms
CEO Martin Montaño (COO)
Date Created September 2024
DayTraders
Years In Operation: 1
Date Created September 2024
4.7 out of 5 Trustpilot

4.7

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50% Discount
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Firm Overview

TRADABLE MARKETS:
Futures
PAYMENT METHODS:
Credit/Debit Card
Credit/Debit Card
Discover
PLATFORM:
ATAS
BookMap
Finamark
Jigsaw Trading
MotiveWave
ProjectX
Quantower
Rithmic
SierraChart
VolFix
WealthCharts
Available Support Channels:
Discord
Discord
Live Chat
Live Chat
24/7 SUPPORT AVAILABLE
Payout Methods:

Leverage

Max Contract Size Allowed per Account Size
Trail
3 (30 Micros)
5 (50 Micros)
20 (200 Micros)
Static
2 (20 Micros)
3 (30 Micros)
3 (30 Micros)
S2F
1 (10 Micros)
5 (50 Micros)
12 (120 Micros)

Commissions

Rithmic
Symbol Round Turn
ES, NKD, NQ, YM, EMD, RTY 3.98
6A, 6B, 6C, 6E, 6J, 6S, 6N 4.72
HE, LE, GF, ZC, ZW, ZS, ZM, ZL 5.58
CL, NQ, HO, RB 3.96
QM 3.92
MCL 1.02
QG 2.52
GC, SI, HG, PL, PA 4.62
MES, MYM, MNQ, M2K, MCL 1.02
MGC 1.52
M6A, M6E, M6J 0.84
ProjectX
Symbol Total Fees (round-turn)
ES, NQ, RTY $2.90
MES, M2K, MNQ $0.61
NKD $2.04
MBT $0.91
MET $0.88
6A, 6B, 6C, 6E, 6J, 6S, 6M, 6N $3.24
M6A, M6B, M6E $0.52
E7 $1.74
LE, HE, GF $4.24
CL, RB, HO $3.04
MCL, QG $1.04
QM $2.44
MNG $1.24
ZC, ZW, ZS, ZM, ZL $4.30
ZT, ZF, ZN, ZB, UB, TN $1.34
GC, SI, HG, PL, PA, NQ $3.24
MGC, MHG $1.24
SIL $2.04

Consistency Rules

  • Pro Accounts – 30%, a single day’s profit cannot exceed 30% of your total profits in a trading cycle.
  • S2F Accounts – 20%, a single day’s profit cannot exceed 20% of your total profits in a trading cycle.
  • Evaluation Accounts – 50%, a single day’s profit cannot exceed 50% of your total profits in a trading cycle.

Firm Rules

  1. Inactivity Rule – All accounts must be traded at least once every 30 days.
  2. Drawdown –
    1. Pro Accounts – Retain the same drawdown rules as their respective evaluation accounts (either static or intraday trailing drawdowns).
    2. S2F Accounts – End-of-Day (EOD) Trailing Drawdown, meaning it is updated based on your highest balance at the end of each trading day.
  3. News Trading – News Trading is allowed on all accounts, although caution is advised.
  4. Transition to Live Account – Either upon reaching the Pro Account Withdrawal Cap, or completing six payout milestones. Requires an evaluation by the Risk Team.
  5. Dollar Cost Average (DCA) Rule – Traders are allowed to use DCA as part of their trading strategy.
  6. High Frequency Trading (HFT), Hedging and Martingale Rule – The use of HFTs, Hedging or Martingale strategies is strictly prohibited.

Payout Policy

Payout Policy
  1. Consistency – 30% on Pro Accounts and 20% on S2F Accounts.

  2. Minimum Trading Days –

    1. Pro Accounts – Require at least 8 qualifying trading days.
    2. S2F Accounts – Require at least 10 qualifying trading days.
  3. Minimum Daily Simulated Profit – To count as a qualified trading day, each day must meet a minimum simulated profit.

    Account SizeMinimum Daily Profit
    $25k$100
    $50k$200
    $75k$200
    $100k$300
    $150k$300
    $250k$300
    $300k$400
  4. Minimum Account Balance and Minimum Withdrawal Limits.

    1. Minimum Payout Request – $500
    2. Trailing and Static Pro Accounts:
    Account SizeMin. Balance for PayoutMin. Balance After WithdrawalMax Withdrawal Request
    25k$26,600$26,000$1,000
    50k$52,600$52,000$2,000
    75k$77,850$77,500$2,500
    100k$103,100$103,000$3,000
    150k$155,100$153,500$3,500
    250k$256,600$254,000$4,000
    300k$307,600$305,000$5,000

    c. S2F Accounts use Payout Profit Targets that must be generated within a payout cycle:

    Payout Targets25k Account50k Account150k Account
    Profit Target 1$2,000$3,500$10,000
    Profit Target 2$1,500$3,000$5,000
    Profit Target 3+$1,000$2,500$3,500
    Max. Payout Request$1,000$2,000$3,000
  5. Maximum Withdrawal Limit Per User – $150,000 withdrawal cap across all accounts.

KYC

  • Happens at a random time by their system, could be during the Evaluation or Funded Phase.

Restricted Countries

Afghanistan
Afghanistan
Algeria
Algeria
Kenya
Kenya
Kosovo
Kosovo
Senegal
Senegal
Belarus
Belarus
Lebanon
Lebanon
Serbia
Serbia
Benin
Benin
Somalia
Somalia
Madagascar
Madagascar
South Africa
South Africa
Burkina Faso
Burkina Faso
Sri Lanka
Sri Lanka
Cameroon
Cameroon
Tanzania
Tanzania
Central African Republic
Central African Republic
Mauritius
Mauritius
Thailand
Thailand
Mongolia
Mongolia
China
China
Trinidad and Tobago
Trinidad and Tobago
Republic of the Congo
Republic of the Congo
Mozambique
Mozambique
Tunisia
Tunisia
Côte d'Ivoire
Côte d'Ivoire
Namibia
Namibia
Turkey
Turkey
Cuba
Cuba
Uganda
Uganda
Nicaragua
Nicaragua
Ukraine
Ukraine
Venezuela
Venezuela
Vietnam
Vietnam
Pakistan
Pakistan
Qatar
Qatar
Yemen
Yemen
Indonesia
Indonesia
Republic of the Congo
Republic of the Congo
Zimbabwe
Zimbabwe
Iraq
Iraq

Frequently Asked Questions

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DayTraders

You can have up to 5 active Pro Accounts, 3 active S2F accounts and 15 evaluation accounts. There is a combined limited for Funded Accounts capped at 5 accounts. 

No, all trades must be closed and pending orders canceled by 4:59pm ET.

QDays are qualified if you meet or exceed the minimum profit requirements for your account without violating the trading rules. For instance, you need at least 4 QDays to pass your evaluation. TDays, on the contrary, include every day your account was traded, regardless of whether the profit or rules were met. 

No, there are no Resets for Evaluation nor Funded Accounts. 

DayTraders Prop Firm Challenges

SIZE:
STEPS:
FIRM
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE
$1,500
None
$1,500
100% i
8 Qualifying Trading Days + Clear Buffer Zone
$ 124.50
$ 249.00
One Time
$3,000
None
$2,500
100% i
8 Qualifying Trading Days + Clear Buffer Zone
$ 189.50
$ 379.00
One Time
$15,000
None
$7,000
100% i
8 Qualifying Trading Days + Clear Buffer Zone
$ 439.50
$ 879.00
One Time
$2,500
None
$750
100% i
8 Qualifying Trading Days + Clear Buffer Zone
$ 75.00
$ 150.00
One Time
$3,750
None
$1,000
100% i
8 Qualifying Trading Days + Clear Buffer Zone
$ 100.00
$ 200.00
One Time
$4,500
None
$1,250
100% i
8 Qualifying Trading Days + Clear Buffer Zone
$ 125.00
$ 250.00
One Time
-
None
$1,000
100% i
10 Qualifying Trading Days + Reach Profit Target
$ 185.00
$ 370.00
One Time
-
$1,250
$2,500
100% i
10 Qualifying Trading Days + Reach Profit Target
$ 285.00
$ 570.00
One Time
-
$1,250
$2,500
100% i
10 Qualifying Trading Days + Reach Profit Target
$ 285.00
$ 570.00
One Time

Price History

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