TradeDay Review: rules, challenges and payouts

Platforms16

• TradovateTradovate
• NinjaTraderNinjaTrader
• TradingViewTradingView
• JigsawJigsaw
• R Trader ProR Trader Pro
• QuantowerQuantower
• ATASATAS
• MotiveWaveMotiveWave
• BookmapBookmap
• Sierra ChartSierra Chart
• FinamarkFinamark
• WealthChartsWealthCharts
• EDEdgeProXEdgeProX
• VolfixVolfix
• MultichartsMulticharts
• OverchartsOvercharts

The details

Data feed / broker

CQG (Tradovate) · Rithmic

Assets

IndicesFXRatesEnergyMetalsAgriculture

Instruments

CME, CBOT, NYMEX and COMEX futures only, excluding high-margin and illiquid contracts: equity indices (ES, NQ, RTY, YM, NKD and micros), FX (6A, 6B, 6C, 6E, 6J, 6S, 6N, M6E), Treasuries (ZT, ZF, ZN, ZB, UB, TN), energy (CL, MCL, QM, QG, NG), metals (GC, MGC, SI, SIL, HG, PL) and agriculture (ZC, ZS, ZL, ZM, ZW, HE, LE). No crypto futures.

Leverage and limits

Evaluation caps: 2 minis on $25K, 5 on $50K, 10 on $100K, 15 on $150K. Micros count 10 to 1 but stop at 50. Quick Pay funded accounts keep those caps. Fast Pass funded accounts start at 1 / 2 / 3 / 4 minis and add one per $2,000 of end-of-day profit ($25K tops out at 2). Funded Live limits may be cut to fit the balance.

Commissions

No mark-up: simulated broker commission per side, per contract, including exchange and NFA fees — $2.88 on ES, NQ, RTY and YM, $0.95 on their micros, $3.00 on CL, $3.10 on GC, $2.30 on ZN. Funded Live traders also pay CME professional data at $156 a month per exchange.

Max allocation

$750K5 Funded Sim accounts × $150K. You may also hold up to 5 Funded Live accounts, but those start from transferred profit or $0, not a $150K balance.

Legal entity

TradeDay LLC

1. 01

   Maximum drawdown: the one rule that fails you

   Strict

   Intraday drawdown follows your peak equity including open profit; end-of-day drawdown moves only at the close, from your highest closing balance. Both stop once the floor reaches the starting balance. Either way the floor is enforced in real time: touch it with a position open and the evaluation fails or the funded account is lost.

   Example

   $100K intraday account, floor $97,000. Equity peaks at $101,000 during the day: the floor moves to $98,000 and stays there even if you close the day flat at $100,000.

2. 02

   Quick Pay funded accounts always trail intraday

   Strict

   Whichever drawdown you passed on, every Quick Pay Funded Sim account trails intraday, and it trails on gross profit — payouts still count. So a payout lowers your balance but not the floor. Fast Pass funded accounts keep end-of-day drawdown.

   Example

   $50K Quick Pay: day one +$500, balance $50,500, floor $48,500. Withdraw the $500 and the balance is back to $50,000 while the floor stays at $48,500 — only $1,500 of room.

3. 03

   Quick Pay: forced pause at $10,000 gross profit

   Strict

   When a Quick Pay Funded Sim account reaches $10,000 gross profit (profit in the account plus payouts), it is paused at the 4:30 PM CT run and reviewed overnight for Funded Live. Profit above $10,000 is removed and never paid. The remaining profit moves across at the 50% / 80% split and the Live account's floor is set at $0.

   Example

   Gross profit $10,000 with $3,500 already withdrawn: the remaining $6,500 moves over — $2,500 at 80% and $4,000 at 50% — so the Live account starts at $4,000 with its floor at $0.

4. 04

   Quick Pay split depends on profit left in the account

   Watch out

   Quick Pay Funded Sim splits are worked out per account on the profit currently in it: the part of a payout that leaves more than $4,000 behind is paid at 80%, the part that dips below $4,000 at 50%. To earn 80% you must keep more than $4,000 in the account.

   Example

   $50K account with $6,000 profit requests $3,000: the first $2,000 stays above $4,000 and pays 80% ($1,600), the last $1,000 pays 50% ($500). You receive $2,100.

5. 05

   Evaluation consistency and minimum days

   Watch out

   On Quick Pay no day may exceed 30% of total profit; on Fast Pass, 45% — measured as that day's P&L over total P&L to date. Going over is not a fail; you keep trading until the day falls back under. Quick Pay needs 5 trading days, Fast Pass 3. Switching to 1-lot micros to run out the clock can get the evaluation extended.

   Example

   $50K Quick Pay, target $3,000. One day of $1,200 is 40% — you must reach $4,000 total before that day is down to 30%.

6. 06

   Tier 1 data: auto-flattened

   Watch out

   Two minutes before FOMC statements and minutes, CPI and NFP (all products), and EIA oil and gas inventories and crop reports (those products only), every position is flattened; trading reopens two minutes after. An accidental slip does not fail you, but trading the releases on purpose loses the account, and funded profit from them is not paid.

   Example

   CPI at 7:30 AM CT: your ES position is closed at 7:28 and you can trade again from 7:32.

7. 07

   Flat 10 minutes before the close

   Watch out

   Overnight-session trading is fine, but every position must be closed 10 minutes before its product's close. TradeDay auto-liquidates only at 3:50 PM CT; earlier-closing products such as grains, and holiday sessions, are your job. An accident is not a fail; a pattern loses the account.

   Example

   A CL position opened at 5:30 PM CT on Tuesday must be closed before 3:50 PM CT on Wednesday.

8. 08

   Prohibited practices

   Strict

   Banned: bots bought from third parties, more than 200 trades a day, few-second scalps for a tick or two or gaming the simulated queue, hedging across accounts, VPNs or VPSs that hide your location, and (funded) trading within 2% of a price limit. One user per household, one username. Every first payout is reviewed; profit from banned practices is confiscated, with no refund.

9. 09

   30 days dormant and you may be removed

   Watch out

   There is no weekly trading requirement, but any account left dormant for 30 days may be treated as inactive and offboarded. Tradovate adds its own rule: no login for more than a calendar month and the account is archived for good, counted as failed, and you need a reset or a new account.

Trading styles

• News trading

  With conditions

  Positions are flattened and trading paused from 2 minutes before to 2 minutes after tier 1 releases (FOMC, CPI, NFP, EIA inventories, crop reports).

• EAs / bots

  With conditions

  Your own system may run on NinjaTrader, Tradovate, TradingView, Jigsaw or Quantower; bots bought from third parties, over 200 trades a day and direct API access are banned.

• Copy trading

  With conditions

  Allowed across your own evaluations and Funded Sims (2–10 accounts), across up to 5 Funded Live accounts, or from your personal account elsewhere; never between Live and Sim/evaluation, which also may not hold positions at the same time.

• Hedging

  Not allowed

  Long in one account and short in another on the same product gets you offboarded and funded profit forfeited.

• Holding overnight

  Not allowed

  The overnight session is tradable, but you must be flat 10 minutes before the close.

• Holding over the weekend

  Not allowed

• Scalping

  With conditions

  Scalping is funded, but not few-second trades for a tick or two, more than 200 trades a day, or limit-order queue gaming in liquid products such as bonds.

1. 01 · First payout

   Quick Pay: day one of the funded account, once it is in profit. Fast Pass: after 5 qualifying winning days.

2. 02 · After that

   Quick Pay: any time. Fast Pass: a fresh 5 winning days after each payout. Requests in before 5:30 PM CT are processed within one business day.

3. 03 · Profit split

   Quick Pay 50% below $4,000 of account profit, 80% above; Fast Pass 80%; Funded Live 90%.

Minimum

$250 per request.

Caps

Quick Pay has no per-request cap, but the account pauses for review at $10,000 gross profit and anything above is forfeited. Fast Pass: at most 50% of the account's profit per request, capped at $750 (25K), $1,500 (50K), $1,875 (100K), $2,250 (150K).

Payout methods

• Riseworks (bank wire)
• Riseworks (crypto, USDC on Arbitrum)

Before you can request

• Onboard with Riseworks first, passing KYC (government ID and proof of address) under the same email and name as your TradeDay account.
• Fast Pass: balance above start, net profit since the last request, 5 winning days each above the minimum, 45% consistency; no trading between request and receipt.
• Every first payout goes through a security review; VPN users may be asked to switch it off and trade a normal full day from their registered location.
• Funded Live payouts are requested by email to fundedtrader@tradeday.com.

What we read

1. 01Homepage pricing cards (all programs, prices, funded rules)
2. 02TradeDay 2.0 launch post (29 May 2026)
3. 03Evaluation objectives and rules
4. 04Maximum drawdown rule
5. 05Consistency objective
6. 06Quick Pay Funded Sim payout policy
7. 07Fast Pass Funded Sim payout policy
8. 08Quick Pay path to live trading
9. 09Funded withdrawals and drawdowns
10. 10Prohibited countries
11. 11Prohibited trade practices
12. 12Tier 1 news policy
13. 13Permitted trading times
14. 14Payment methods (Riseworks)
15. 15Multiple accounts
16. 16Commissions
17. 17Platforms
18. 18About (founders, timeline)

XSR may earn a commission when you buy with a partner code; it never changes the order of firms. Prop-firm evaluations are simulated accounts sold as a product — most buyers do not pass, and no firm is regulated as a category. Nothing here is investment advice.