How to Trade the Big 3 News Events in Prop Firms
CEO James Thorpe
Date Created 2025
TradeDay
Years In Operation: 5
Date Created 2025
4.6 out of 5 Trustpilot

4.6

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20% Discount
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Firm Overview

TRADABLE MARKETS:
Futures
PAYMENT METHODS:
Credit/Debit Card
Credit/Debit Card
PayPal
PayPal
PLATFORM:
Jigsaw Trading
NinjaTrader
ProjectX
Quantower
TradingView
Tradovate
Available Support Channels:
Discord
Discord
Email
Email
Live Chat
Live Chat
24/7 SUPPORT AVAILABLE
Payout Methods:

Leverage

Max Contract Size Allowed per Account Size
Account Leverages
1-5 Contracts
2-10 Contracts
3-15 Contracts

Commissions

NinjaTrader / Tradovate
Code Commission
MES, MNQ, M2K, MYM $0.81
MCL, MGC $0.96
M6E $0.70
SIL $1.46
QG $1.50
ZT, ZF $1.65
ZN, TN $1.80
ZB $1.87
UB $1.95
QM $2.20
ES, NQ, RTY, YM $2.38
CL $2.50
6A, 6B, 6C, 6E, 6J, 6S, 6N, NG, PL, HG, GC, SI $2.60
NKD $3.15
HE, LE, ZS, ZC, ZL, ZM, ZW $3.10
TradeDayX
Code Commission
M6E $1.36
MCL, QG $1.62
ZT, ZF $1.77
MGC $1.72
MES, MNQ, M2K, MYM $1.47
ZN, TN $1.92
ZB $1.99
UB $2.07
SIL $2.12
QM $2.32
ES, NQ, RTY, YM $2.50
CL $2.62
6A, 6B, 6C, 6E, 6J, 6S, 6N, NG, PL, HG, GC, SI $2.72
NKD $3.27
HE, LE $3.22
ZS, ZC, ZL, ZM, ZW $3.25

Consistency Rules

  • All Evaluation Accounts – 30%, no single day’s profit should exceed 30% of the profit target.
  • Does not apply to any of the Funded Accounts.

Firm Rules

  1. 2% Price Limit Rule (Funded Accounts) – Cannot trade within 2% of a price limit. This will lead to a breach of the account. You can view CME Price Limits here: https://www.cmegroup.com/trading/price-limits.html
  2. Inactivity Rule – If an account is inactive for 45 days without prior notice, the account is considered dormant and is shut down.
  3. Minimum Trading Days Rule – Must trade at least 5 trading days worth of data to complete this objective. Though they need not be consecutive, if you finish the challenge early, you cannot sit in the Funded Zone and trade 1 micros to satisfy the rule. They need to see 5 days of consistent trading activity.
  4. Overnight Holding Rule – Trades cannot be held overnight, and all positions must be closed 10 minutes before the market closes. Though this does not constitute a breach, traders on Funded Accounts will be issued a warning for failing to close their positions.
  5. News Rule – TradeDay auto-liquidates all open positions 2 minutes before Tier 1 Economic Data Releases, and new positions cannot be opened until 2 minutes after. Traders are not failed for accidental breaches of this guideline. However, repeated violations could lead to a closure of their account. The following are considered Tier 1 Data:
    Event Products Affected Time (EST)
    FOMC minutes All products 2:00 PM EST
    FOMC interest rate decision statement All products 2:00 PM EST
    US CPI All products 8:30 AM EST
    US employment report (Non-Farm Payrolls) All products 8:30 AM EST
    Crude Oil Inventories (EIA) Oil contracts only 10:30 AM / 11:00 AM EST
    Natural Gas Inventories (EIA) Gas contracts only 10:30 AM EST
    Crop production reports Ags contracts only 12:00 PM EST

Payout Policy

Payout Policy
  1. Minimum Trading Days – Payouts can be requested from day one, but you must first clear the Buffer Requirement.

  2. Minimum Payout Request – $250.

  3. Profit Split (above the Buffer) – Based on lifetime withdrawals with TradeDay:

    • First $50k of Profits – 80% split.
    • $50k - $100k in Profits – 90% split.
    • Over $100k in Profits – 95% split.
  4. Withdrawing Into Buffer Zone – Traders can withdraw profits from the Buffer Zone at any time, but the profits will be subject to a 50/50 split.

  5. Withdrawals That Significantly Impact Drawdown – Traders who make frequent or large withdrawals that leave an account vulnerable to hitting the Drawdown could be viewed as mismanaging and account and may not be allowed to retake another evaluation.

  6. Buffer Zone Requirements –

    Account TierStarting Account BalanceMaximum DrawdownBalance Required for Withdrawal
    $50K$50,000$2,000$52,000
    $50K Static$50,000$500$50,500
    $100K$100,000$3,000$103,000
    $100K Static$100,000$750$100,750
    $150K$150,000$4,000$154,000
    $150K Static$150,000$1,000$151,000

KYC

  • KYC is conducted after a trader passes the Evaluation and before they can move to a Funded Account.

Restricted Countries

Afghanistan
Afghanistan
Albania
Albania
Algeria
Algeria
Angola
Angola
Barbados
Barbados
Belarus
Belarus
Botswana
Botswana
Bulgaria
Bulgaria
Burkina Faso
Burkina Faso
Burundi
Burundi
Cameroon
Cameroon
Central African Republic
Central African Republic
Côte d'Ivoire
Côte d'Ivoire
Ukraine
Ukraine
Croatia
Croatia
Cuba
Cuba
North Korea
North Korea
Congo (Democratic Republic)
Congo (Democratic Republic)
Ecuador
Ecuador
Ethiopia
Ethiopia
Ghana
Ghana
Iceland
Iceland
Indonesia
Indonesia
Iraq
Iraq
Jamaica
Jamaica
Kosovo
Kosovo
Lebanon
Lebanon
Liberia
Liberia
Libya
Libya
North Macedonia
North Macedonia
Mali
Mali
Mauritius
Mauritius
Mongolia
Mongolia
Montenegro
Montenegro
Mozambique
Mozambique
Myanmar
Myanmar
Namibia
Namibia
Nicaragua
Nicaragua
Pakistan
Pakistan
Panama
Panama
Papua New Guinea
Papua New Guinea
Philippines
Philippines
Romania
Romania
Senegal
Senegal
Serbia
Serbia
Slovenia
Slovenia
Somalia
Somalia
South Africa
South Africa
South Sudan
South Sudan
Sri Lanka
Sri Lanka
Sudan
Sudan
Syria
Syria
Tanzania
Tanzania
Trinidad and Tobago
Trinidad and Tobago
Tunisia
Tunisia
Uganda
Uganda
Ukraine
Ukraine
Venezuela
Venezuela
Vietnam
Vietnam
Yemen
Yemen
Zimbabwe
Zimbabwe

Frequently Asked Questions

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TradeDay

Yes, you can have up to 6 accounts at one time. Note that you can have a maximum of 3 Funded Sim Accounts and 1 Funded Live Account. Also note that these accounts have to be on one trading platform and cannot be split across platforms.

Yes, scalpers are allowed, but there are certain practices that are not allowed. You can view those here: https://tradeday.freshdesk.com/en/support/solutions/articles/103000008883-will-tradeday-evaluate-and-fund-scalpers-

No, there are no resets offers and traders will have to take a new Evaluation. However, TradeDay evaluates your trading performance before they give you the option to retake the evaluation.

These are milestones where a Sim Trader’s performance is reviewed for a move to a Funded Live. Traders will be reviewed at $5,000 gross profit on each of their funded accounts. Remember, you must stop trading on the day the milestone is reached and any excess profits above the level will be removed. These do not impact withdrawals. 

TradeDay Prop Firm Challenges

FIRM
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE

No challenges available for this firm yet.

Price History

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