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TradeDay 2.0 Review 2026: Pricing, Evaluation Rules, Payouts, and Trader Experience
 

TradeDay 2.0 has introduced major changes that have futures traders rethinking their funded account options.
 

TradeDay launched in 2020. The company has funded thousands of traders and paid out over $10 million in verified earnings. Accounts now start from $62.50 for a 50k evaluation. This marks the lowest entry price in the company's history. The evaluation pass rate stood at 36% between January and June 2026.
 

This review breaks down TradeDay funding options and consistency requirements. It also examines how TradeDay futures compares to competitors in the prop firm space.
 

Key Takeaways
 

TradeDay 2.0 introduces significant changes for futures traders seeking funded accounts, with dramatically reduced pricing and streamlined evaluation pathways.
 

• Lowest pricing ever: Accounts now start at just $62.50 for 50k evaluation (50% off regular pricing) with zero activation fees
• Two evaluation paths: Quick Pay offers day-one payouts with 5-day minimum; Fast Pass allows 3-day completion with stricter consistency rules
• Tiered profit splits: Traders earn 80/20 split above $4,000 gross profit, 50/50 below, with verified $10M+ in total payouts
• End-of-day drawdown: Consistent EOD calculations across evaluation and funded phases reduce intraday stress compared to trailing drawdown
• Strict overnight policy: All positions must close 10 minutes before market close; overnight holding prohibited across all account types
   

TradeDay 2.0 works best for disciplined day traders who value transparent rules and fast payout access, though the 30-45% consistency requirements during evaluation may challenge aggressive trading styles.
 

What Is TradeDay 2.0 and What Has Changed in 2026
 

Company Background: Founded 2020
 

James Thorpe and Steve Miley founded TradeDay LLC in 2020. They brought a combined 60 years of international trading and futures industry experience to the prop firm space. Thorpe serves as CEO with over 15 years of full-time futures trading experience. He previously led Mercury Derivatives and Futures First. Miley contributed 13 years as Head of Technical Analysis at both Merrill Lynch and Credit Suisse before co-founding the company.
 

The firm operates from Chicago, Illinois, with registration in the United States and an additional presence in the United Kingdom. TradeDay focuses on futures trading through Chicago Mercantile Exchange (CME) Group products. They trade regulated products on regulated venues through regulated brokers. The company positions itself as a trading education and trader evaluation service rather than a regulated broker.
 

The platform has managed to keep a Trustpilot rating of 4.6 out of 5 based on 1,360 reviews since inception. The firm has processed over $10 million in payouts to funded traders since 2020.
 

TradeDay 2.0 Key Changes from Previous Versions
 

TradeDay 2.0 represents what the company calls "the biggest development in the company's history". The overhaul optimized the account lineup by discontinuing the $10,000, $25,000, and $250,000 account sizes. Current offerings focus on three tiers: $50,000, $100,000, and $150,000 accounts.
 

Pricing went through a dramatic reduction. The $50,000 account now costs $62.50, marking the lowest entry price at this tier in company history. This change removed what TradeDay identified as a barrier preventing traders from accessing professional prop trading environments.
 

Activation fees disappeared across all account types. Traders previously paid a $139 activation fee when transitioning from evaluation to funded status. Both evaluation pathways introduced in the 2.0 framework benefit from eliminating this cost.
 

The payout structure changed to a tiered model. Traders now receive an 80% profit split above $4,000 net profit and a 50% split below that threshold. This replaced the previous system where traders kept 100% of the first $10,000 in profits and 90% after that. The new structure also removed milestone-based payout requirements in favor of what the company describes as "cleaner payout mechanics".
 

TradeDay 2.0 introduced the option for traders to hold up to five active Funded Live accounts at once. The update also created clearer progression pathways from simulated funded accounts to live capital. Advancement occurs after reaching the $20,000 gross profit milestone.
 

Quick Pay vs Fast Pass: Two Evaluation Pathways
 

Quick Pay maintains the original TradeDay evaluation structure that has been operational since 2020. This pathway requires traders to complete a minimum of five trading days during evaluation. The consistency rule limits any single day's profit to 30% of the total profit target. Quick Pay accounts offer day-one payout access with no minimum profitable days required before the first withdrawal once funded.
 

Fast Pass entered the TradeDay offering for traders prioritizing speed and flexibility. This route eliminates the minimum trading day requirement during evaluation. Traders can pass in as few as three days if they hit the profit target without breaking drawdown limits. The tradeoff appears in the consistency rule, which tightens to 45% on Fast Pass compared to Quick Pay's 30% threshold.
 

The two pathways diverge further after passing evaluation. Quick Pay funded accounts allow same-day payouts right after funding. Fast Pass accounts using the End-of-Day drawdown variant require five profitable funded days before the first payout becomes available. Both pathways share similar profit targets, position limits, and maximum drawdown thresholds.
 

The consistency rule applies only during the evaluation phase for both pathways. This restriction disappears once funded, allowing traders to generate profits without daily percentage caps. Both options calculate drawdowns at the end of day, eliminating intraday monitoring for this metric.
 

Who TradeDay Funding Is Designed For
 

TradeDay 2.0 targets four main trader segments based on the company's stated design philosophy. Experienced traders seeking faster progression through evaluations receive the Fast Pass option as a direct route. Newer traders gain access through reduced pricing barriers, with accounts starting at price points well below previous minimums.
 

Consistent traders focused on long-term growth fit the Quick Pay model, which rewards steady performance over aggressive single-day gains. The 30% consistency threshold on this pathway accommodates strategies built around regular, measured profits rather than volatile swings.
 

Serious traders pursuing genuine paths toward live funded trading encounter structured progression frameworks. Knowing how to scale up to five Funded Live accounts provides growth opportunities beyond the evaluation phase. Traders reaching gross profit milestones advance through defined account transition structures rather than remaining in simulated environments.
 

The platform excludes certain trading approaches. Overnight position holding remains prohibited across both evaluation pathways. News trading during major economic releases faces restrictions. Third-party automation tools, including copy trading platforms, violate TradeDay policies and result in account termination. These limitations narrow the eligible audience to day traders operating manual or personally coded strategies within permitted CME futures products.
 

TradeDay 2.0 Pricing Plans and Account Sizes
 

50k, 100k, and 150k Account Options
 

TradeDay 2.0 operates on a monthly subscription model across three account tiers. The $50,000 account carries a $125 monthly fee for the Intraday structure and $175 monthly for the End-of-Day variant. The $100,000 tier runs $230 per month on Intraday and $285 monthly for EOD. The largest offering, the $150,000 account, costs $350 monthly for Intraday and $395 for EOD.
 

Current promotional pricing cuts these figures in half. The $50,000 Intraday account drops to $62.50 monthly. The EOD version falls to $87.50. The $100,000 tier discounts to $115 monthly for Intraday and $142.50 for EOD. The $150,000 account reaches $175 monthly on Intraday and $197.50 with EOD.
 

Position limits scale with account size. The $50,000 tier permits 5 standard contracts or 50 micro contracts. The $100,000 account doubles this capacity to 10 standard contracts or 50 micros. The $150,000 accounts allow 15 standard contracts and maintain the same 50 micro contract ceiling across all sizes. The micro contract cap remains fixed whatever the account size due to slippage risk in the micro order book.
 

Traders can operate up to 6 trading accounts at once, though this represents the maximum across all account types. Profit targets mirror the account progression: $3,000 for the $50,000 tier, $6,000 for $100,000, and $9,000 for the $150,000 account.
 

Intraday vs End of Day Drawdown Structures
 

The drawdown calculation method changes how risk limits function during evaluation. Intraday trailing drawdown updates in real-time throughout each trading session. A $100,000 account with a $3,000 maximum drawdown has the threshold trail every tick of unrealized profit. If equity peaks at $101,000 intraday, the drawdown limit moves to $98,000 right away. The tightened threshold persists at $98,000 rather than resetting even if the trader closes flat at $100,000 by session end.
 

End-of-Day drawdown recalculates only after market close based on the settled account balance. A trader finishing day one with $2,000 profit sees the balance settle at $102,000 using the same $100,000 example. The drawdown threshold then adjusts to $99,000 at the daily calculation point. Intraday fluctuations during the session carry no effect on this limit. A trader could experience a $1,500 pullback during day two and finish at $100,500. The drawdown remains anchored at $99,000 since no new high-water mark was established at end-of-day.
 

This structural difference creates distinct trading experiences. Intraday structures penalize normal profit retracements that occur during position management. EOD drawdowns accommodate intraday volatility and measure performance only at settlement. The pricing gap between these variants reflects this flexibility: EOD accounts cost $50 more monthly on the $50,000 tier, $55 additional on $100,000, and $45 extra on $150,000 compared to Intraday counterparts.
 

Monthly Subscription Costs and Reset Fees
 

The subscription has one evaluation attempt per billing cycle. Three options become available if a trader violates drawdown limits or consistency rules. The first involves canceling the membership. The second pathway requires purchasing a paid reset to restart right away. The third option allows waiting until the monthly subscription renews, which has one free reset built in.
 

Reset pricing varies by account size but remains consistent across drawdown types. The $50,000 Intraday account charges $60 for a paid reset. EOD resets cost $85. Both $100,000 account variants carry a $110 reset fee for Intraday and $135 for EOD. The $150,000 tier maintains $165 for Intraday resets and $195 for EOD.
 

Ready to try TradeDay 2.0? Traders can use coupon code LC2TPROMO to reduce the cost of their evaluation. Always verify the latest promotion with TradeDay before purchasing. 👉 Check Current TradeDay Pricing
 

TradeDay cancels the monthly subscription once you pass evaluation. The platform eliminated activation fees in the 2.0 update. Funded traders on simulated accounts incur no market data charges, as simulated commission appears factored into profit and loss calculations. Traders advancing to Funded Live status become responsible for $156 monthly per exchange in CME professional market data fees and a $2 monthly credit card processing fee charged by Tradovate. Trading commissions on live accounts debit from the account balance rather than appearing as separate charges.
 

The monthly fee structure stops once funded status begins. Traders maintaining either Funded Sim or Funded Live accounts retain free access to TradeDay member resources without recurring membership charges. This arrangement persists for the duration of funded trader status.
 

TradeDay Evaluation Rules and Requirements
 

Profit Target: $3,000 to $9,000 by Account Size
 

Each TradeDay evaluation requires hitting a fixed dollar profit target based on account tier. The $50,000 account just needs $3,000 in total net profit. The $100,000 tier sets the bar at $6,000 when you step up. The largest offering requires $9,000 in cumulative gains for the $150,000 account.
 

These targets represent total net profit over the whole challenge period, not daily or weekly measures. Traders who reach the profit target early cannot stop trading. Both Quick Pay and Fast Pass require continued trading activity to complete minimum day requirements. Trying to "sit in the funding zone" by scratching single micro contracts after hitting the target may result in evaluation period extension.
 

Maximum Drawdown: The One Rule You Cannot Break
 

TradeDay states this point: the firm has just one rule, and that rule centers on maximum drawdown. Breaking this threshold terminates the evaluation with no exceptions.
 

Drawdown limits scale with account size. The $50,000 tier sets a $2,000 maximum trailing drawdown. The $100,000 account allows $3,000[192], while the $150,000 tier permits $4,500. All drawdowns calculate at end-of-day for both Quick Pay and Fast Pass evaluations.
 

The trailing mechanism functions this way: drawdown limits trail upward from the starting balance until reaching the original account value, then lock. A trader starting with $100,000 who profits to $103,000 sees the drawdown threshold rise from $97,000 to $100,000, where it freezes. Subsequent profits no longer tighten the drawdown limit during evaluation.
 

Consistency Rule: 30% on Quick Pay, 45% on Fast Pass
 

Quick Pay evaluations enforce a 30% consistency threshold. No single trading day's profit can exceed 30% of the profit target. This means no day should generate more than $1,800 in gains for a $100,000 account with a $6,000 target.
 

Fast Pass accounts operate under a 45% consistency limit. This looser restriction accommodates the faster pathway timeline and allows larger single-day profits relative to the total target.
 

The calculation method is different from what many traders expect. TradeDay measures consistency by dividing a day's profit by total profits earned to date, not against the profit target itself. A trader who earns $1,200 on day one and $600 on day two sees the first day represent 67% of total profits ($1,200 / $1,800), triggering a consistency violation.
 

But violating consistency does not fail the evaluation. The profit target increases. Traders must continue building total profits until the oversized day accounts for 30% or less of cumulative gains. This mechanism discounts lucky wins while still allowing progression.
 

Consistency rules vanish once funded. Funded traders face no daily profit percentage caps whatever evaluation pathway they completed.
 

Trading Days Required: 5 Days vs No Minimum
 

Quick Pay just needs a minimum of 5 trading days during evaluation. Fast Pass requires only 3 trading days. These days need not be consecutive.
 

A trading day counts when at least one position opens. Logging in without executing trades does not advance the day counter. Material changes in trading behavior raise red flags. Shifting from 20 trades per day to 2 trades, changing contract types mid-evaluation, or altering trading times can trigger evaluation extensions.
 

Position Limits and Contract Restrictions
 

Position limits lock to account tier and remain similar across Quick Pay and Fast Pass. The $50,000 account permits 5 standard contracts or 50 micro contracts. The $100,000 tier allows 10 contracts or 50 micros. The $150,000 account caps at 15 contracts and maintains the same 50 micro ceiling.
 

Micro equivalency permits mixing contract types up to the standard contract limit. A trader with a 10-contract limit could hold 5 standard contracts and 50 micros at the same time, as 50 micros equal 5 standard contracts. The 50-micro cap exists whatever the account size due to slippage risk in the micro order book.
 

TradeDay does not fail traders for accidental position limit breaches, but repeated violations result in account termination.
 

News Trading and Overnight Holding Policies
 

TradeDay auto-liquidates all open positions 2 minutes before Tier 1 economic data releases and reopens markets 2 minutes after. Tier 1 events include FOMC minutes, FOMC interest rate decisions, US CPI, Non-Farm Payrolls, and Crude Oil Inventories (oil contracts only).
 

Accidental news trades do not trigger evaluation failure. Traders who ignore these guidelines lose their accounts.
 

All positions must close 10 minutes before daily market close. TradeDay auto-liquidates positions at this threshold, but traders remain responsible for managing their own risk.

The account fails without reset if auto-liquidation fails and a drawdown breach occurs. Overnight holding is prohibited across all evaluation and funded account types.
 

TradeDay Payout Policy: How to Get Funded and Paid
 

Evaluation to Funding Process: 4-Step Path
 

Traders who pass the TradeDay evaluation receive notification at 17:30 CT the same day.

They must complete four onboarding steps within 30 days:
 

1. Pay the activation fee: $139 fee applies unless waived by promotional code
2. Onboard with Riseworks: Email invitation sent for payout account creation
3. Complete Rules and Regulations course: Certificate issued upon completion
4. Select Funded Sim account: Unlocks after completing first three steps
    

TradeDay withdraws the funded account offer if you fail to complete onboarding within the 30-day window.
 

Day-One Payouts on Quick Pay Accounts
 

Quick Pay funded accounts permit payout requests after funding with no waiting period.

Traders can withdraw as soon as their account balance exceeds the starting balance. The minimum request is $250. Requests submitted before 5:30 PM CT process within 24 hours on business days.
 

The biggest advantage centers on accessibility. No minimum profitable days restrict first withdrawals. Traders who maintain positive balances above their starting point can request payouts on day one of funded status.
 

Fast Pass Payout Requirements: 5 Profitable Days
 

Fast Pass accounts require five individual profitable trading days before the first payout becomes available. Each day must meet minimum profit thresholds: $150 for $50,000 accounts, $200 for $100,000 tiers and $250 for $150,000 accounts. Days need not be consecutive.
 

Payout caps limit withdrawals to 50% of account balance per request. Maximum amounts are $2,000 for $50,000 accounts, $2,500 for $100,000 and $3,000 for $150,000. The account must show net profit since the previous payout and the balance must remain above the post-withdrawal starting point.
 

Profit Split: 80/20 vs 50/50 Explained
 

Quick Pay accounts operate on a tiered profit split structure. Payouts above $4,000 gross profit receive an 80/20 split (trader receives 80%). The split drops to 50/50 below this threshold. Gross profit calculations include current net profits plus all previous withdrawals from that specific account.
 

Fast Pass maintains a flat 80/20 profit split whatever the gross profit levels. This replaces Quick Pay's dual-tier structure with consistent profit sharing from the first withdrawal.
 

$10M+ in Verified Payouts and 36% Pass Rate
 

TradeDay has processed over $10 million in verified payouts since launching in 2020. The platform publishes verified trader payouts on its website and social media channels. The evaluation pass rate stood at 36% between January and June 2026. Most payout requests process within 24 hours.
 

TradeDay 2.0 vs Competitors and User Experience
 

TradeDay vs Apex Trader Funding: Pricing and Account Limits
 

Apex Trader Funding charges $147 monthly for a $50,000 account compared to TradeDay's $125 standard rate. Apex permits up to 20 accounts per trader, while TradeDay caps at 6 total accounts of all types. Trustpilot ratings show Apex at 4.9 out of 5 from 2,122 reviews versus TradeDay's 4.6 from 807 reviews. Apex has data fees in pricing. TradeDay charges $140 monthly for CME data on live accounts. Reset fees run $80 at Apex against TradeDay's $99.
 

TradeDay vs Take Profit Trader: Drawdown Differences
 

Take Profit Trader uses End-of-Day drawdown during evaluation but switches to Intraday trailing on funded PRO accounts. This inconsistency creates risk to funded traders accustomed to EOD calculations. TradeDay maintains End-of-Day drawdown in both evaluation and funded phases to maintain consistency. Take Profit Trader holds a 4.8 Trustpilot rating from 317 reviews. Both firms prohibit overnight holds and restrict news trading.
 

TradeDay vs Topstep: Payout Structure Comparison
 

Topstep offered 100% of the first $10,000 in profits, then 90/10 thereafter. TradeDay 2.0 operates on 80/20 above $4,000 and 50/50 below. Topstep requires 5 winning days of $150+ per payout cycle. TradeDay Quick Pay permits day-one withdrawals. Minimum days to pass run 7 days at TradeDay versus 2 days at Topstep.
 

Pros and Cons of TradeDay 2.0
 

Reviewers praise clear rules and fast payouts. Day-one withdrawal access on Quick Pay accounts gets positive feedback. Platform navigation receives positive mentions.

Customer support is responsive. Drawbacks include the 30% consistency rule during evaluation and the 5-day minimum on Quick Pay.
 

TradeDay Coupon Codes and Current Discounts
 

Active discount codes include 30% off with SAVE20 and 40% off with FTD50K40. Ready to try TradeDay 2.0? Traders can use coupon code LC2TPROMO to reduce the cost of their evaluation. Always verify the latest promotion with TradeDay before purchasing.
👉 Check Current TradeDay Pricing
 

Who Is TradeDay Best For?
 

TradeDay suits day traders prioritizing transparent rules and fast payout access. EOD drawdown consistency is another key feature. The platform excludes swing traders due to overnight restrictions. Automation users face limitations given third-party tool prohibitions.
 

Conclusion
 

TradeDay 2.0 delivers improvements with pricing starting at $62.50 and zero activation fees. The dual-pathway structure gives traders flexibility. However, the consistency rule during evaluation remains restrictive for aggressive trading styles. The 80/20 profit split above $4,000 lags behind some competitors offering 90/10 or 100% splits.
 

The platform works best for day traders comfortable with EOD drawdown calculations and transparent rulebooks. Those requiring overnight holds or automation tools should look elsewhere. TradeDay represents good value for futures traders seeking legitimate paths to funded capital, especially when you have the Quick Pay route with day-one payout access.
 

Frequently Asked Questions

 

Q1. What is TradeDay's payout structure and profit split? TradeDay 2.0 uses a tiered profit split on Quick Pay accounts: traders receive 80% of profits above $4,000 gross profit and 50% below that threshold. Fast Pass accounts maintain a flat 80/20 split regardless of profit levels. Payouts process within 24 hours of request submission, and the platform has distributed over $10 million in verified payouts since 2020.
 

Q2. How many trading accounts can you have simultaneously with TradeDay? Traders can operate up to 6 trading accounts simultaneously across all account types with TradeDay. Once funded, you can hold up to 5 Funded Live accounts at the same time, allowing for portfolio diversification and scaling opportunities as you progress through the platform.
 

Q3. What is the consistency rule during TradeDay evaluations? Quick Pay evaluations enforce a 30% consistency rule, meaning no single trading day's profit can exceed 30% of your total profit target. Fast Pass accounts have a more lenient 45% consistency threshold. Violating this rule doesn't fail your evaluation but increases your profit target proportionally. Once you become funded, the consistency rule disappears entirely.
 

Q4. What percentage of traders successfully pass prop firm evaluations? Industry-wide statistics show that only 5% to 10% of traders pass their first evaluation attempt at most prop firms. TradeDay reports a higher pass rate of 36% between January and June 2026, which is above the industry average. Evaluations test not just profitability but also consistency and strict risk management adherence.

Q5. Does TradeDay allow copy trading or automated trading? No. TradeDay prohibits third-party copy trading services, account mirroring, and unauthorized automation tools across all account types. Using these services may result in account termination.

However, traders may use their own personally developed trading systems and indicators, provided they comply with TradeDay's rules and policies. Before using any automated solution, traders should verify current requirements directly with TradeDay, as platform policies may change over time.