Futures
Firm Overview
Leverage
Commissions
| 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 |
| 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
- 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
- Inactivity Rule – If an account is inactive for 45 days without prior notice, the account is considered dormant and is shut down.
- 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.
- 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.
- 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
Minimum Trading Days – Payouts can be requested from day one, but you must first clear the Buffer Requirement.
Minimum Payout Request – $250.
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.
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.
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.
Buffer Zone Requirements –
Account Tier Starting Account Balance Maximum Drawdown Balance 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
- Payouts requested before 5:30pm CT will be processed with 24 hours (on business days only)
KYC
- KYC is conducted after a trader passes the Evaluation and before they can move to a Funded Account.
Restricted Countries
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
No challenges available for this firm yet.