By Alex Firdaus | Last updated: June 29, 2026 | Data checked: June 29, 2026
TradeDay Review 2026: Discount Code, Rules & Payouts
TradeDay is a Chicago-based futures prop firm founded in 2020 that relaunched as TradeDay 2.0 in May 2026. It now runs two evaluation routes — Quick Pay (day-one payouts, your choice of Intraday or EOD drawdown) and Fast Pass (3-day pass, flat 80/20 split). No daily loss limit, no funded consistency rule, and over $10 million in verified payouts. It won the FundedTrading Best Payout Policy Award 2025 for good reason. Best for CME futures day traders who want payout speed, drawdown flexibility, and a path to live capital.
Use code FUNDEDTRADING for 20% off. Current site code: TDNEW.
FundedTrading Video Review
Watch our full TradeDay video review before you buy. We cover the evaluation rules, drawdown options, payout mechanics, and who TradeDay is and is not right for.
TradeDay review by FundedTrading — rules, payouts, and verdict
Table of Contents
What is TradeDay?
TradeDay is a proprietary trading firm based at 412 S. Wells, Chicago, Illinois — the same ZIP code as the CME Group. It was founded in January 2020 by James Thorpe and Steve Miley, both veteran futures industry professionals with backgrounds spanning prop trading desks, hedge funds, and the Chicago Mercantile Exchange.
The firm funds futures traders who pass a single-phase evaluation. Pass the challenge and you get a Funded Sim account. Perform consistently in Funded Sim and TradeDay can move you to a Funded Live account, where you are trading real capital and keeping 90% of the profit.
In May 2026, TradeDay relaunched as TradeDay 2.0. The old nine-SKU grid — Static, EOD, and Intraday accounts — was retired and replaced with two cleaner routes: Quick Pay and Fast Pass. If you are reading a TradeDay review that mentions Static drawdown as a current option, it is out of date.
TradeDay Discount Code 2026
TradeDay runs regular promotions. The codes below are the ones available as of June 2026. The first is from TradeDay’s own homepage. The second is our FundedTrading affiliate code.
TradeDay Site Code — TDNEW
TradeDay’s current sitewide promo code, live on their homepage as of June 29, 2026.
How to use: Go to TradeDay’s pricing page, select your account, and enter TDNEW at checkout. The discount applies automatically.
FundedTrading Reader Code — FUNDEDTRADING
Our exclusive affiliate code for FundedTrading readers. Saves 20% on your evaluation fee.
Offer: 20% off your TradeDay evaluation. Applies to Quick Pay and Fast Pass accounts across all sizes.
TradeDay Account Plans and Pricing (2026)
TradeDay 2.0 runs two evaluation routes across three account sizes. All accounts are monthly subscriptions with no activation fee. Prices shown are the standard 50% discounted rates from the TradeDay homepage as of June 29, 2026.
Quick Pay — Day-One Payouts
Quick Pay is TradeDay’s main route. Pass in 5 trading days, choose your drawdown type (Intraday or EOD), and start requesting payouts from day one as a Funded Sim trader with no buffer required.
| Account | Drawdown Type | Price/mo | Profit Target | Trailing Drawdown | Consistency (Eval) | Min Days | Reset Fee |
|---|---|---|---|---|---|---|---|
| 50K | Intraday TMD | $62.50 | $3,000 | $2,000 (intraday) | 30% per day cap | 5 | $60 |
| 50K | EOD TMD | $87.50 | $3,000 | $2,000 (EOD) | 30% per day cap | 5 | $85 |
| 100K | Intraday TMD | $115 | $6,000 | $3,000 (intraday) | 30% per day cap | 5 | $110 |
| 100K | EOD TMD | $142.50 | $6,000 | $3,000 (EOD) | 30% per day cap | 5 | $135 |
| 150K | Intraday TMD | $175 | $9,000 | $4,500 (intraday) | 30% per day cap | 5 | $165 |
| 150K | EOD TMD | $197.50 | $9,000 | $4,500 (EOD) | 30% per day cap | 5 | $195 |
Fast Pass — 3-Day Route
Fast Pass is built for traders who want to get funded faster. Pass in 3 trading days with no minimum trading day requirement once funded. Uses EOD trailing drawdown only. A stricter consistency rule (45% cap vs 30% on Quick Pay) applies during evaluation only.
| Account | Price/mo | Profit Target | Trailing Drawdown | Consistency (Eval) | Min Days | Reset Fee |
|---|---|---|---|---|---|---|
| 50K Fast Pass | $90 | $3,000 | $2,000 (EOD) | 45% per day cap | 3 | $89 |
| 100K Fast Pass | $160 | $6,000 | $3,000 (EOD) | 45% per day cap | 3 | $140 |
| 150K Fast Pass | $240 | $9,000 | $4,500 (EOD) | 45% per day cap | 3 | $225 |
TradeDay Trading Rules
TradeDay’s rulebook is one of the simplest in the futures prop space. There is one hard fail condition in the evaluation: breach the Trailing Maximum Drawdown limit and the account resets. That is it. No daily loss limit exists on any account.
TradeDay Drawdown Explained
TradeDay offers two trailing drawdown types. Understanding the difference matters because it affects how you manage your intraday risk.
Intraday Trailing Maximum Drawdown (Intraday TMD)
The drawdown floor moves up in real time as your unrealized equity rises during the trading session. If you open a trade and it runs $500 in your favor before reversing, your drawdown floor has already moved up by $500 even if you have not closed the trade. This is the cheaper option but the strictest intraday experience. It rewards traders who take quick, controlled entries and exit positions before unrealized gains evaporate.
End of Day Trailing Maximum Drawdown (EOD TMD)
The drawdown floor moves only at the 4pm CT futures market close, based on your realized balance. Unrealized swings during the session do not push the floor against you. This costs slightly more per month but gives you more intraday breathing room. For traders who let winning trades run before closing, EOD trailing is the safer drawdown choice.
| Account Size | Profit Target | Trailing Drawdown | Position Limit |
|---|---|---|---|
| $50K | $3,000 | $2,000 | 5 contracts (50 micros) |
| $100K | $6,000 | $3,000 | 10 contracts (50 micros) |
| $150K | $9,000 | $4,500 | 15 contracts (50 micros) |
TradeDay Payouts and Profit Split
This is where TradeDay earned the FundedTrading Best Payout Policy Award 2025. The payout mechanic is the cleanest of any futures firm we have reviewed. On Quick Pay accounts, funded traders can request a withdrawal from any positive balance from day one — no buffer, no 30-day waiting period.
Profit Split
| Stage | Quick Pay Split | Fast Pass Split |
|---|---|---|
| Funded Sim — below $4,000 net profit | 50% to trader | 80% to trader |
| Funded Sim — above $4,000 net profit | 80% to trader | 80% to trader |
| Funded Live account | 90% to trader | 90% to trader |
The split is calculated per account, not over a lifetime withdrawal ladder. The old 80/90/95 lifetime progression no longer exists under TradeDay 2.0.
Fast Pass Payout Conditions
Fast Pass Funded Sim has additional payout requirements. You need 5 profitable days with a minimum daily profit threshold before requesting: $150 per day on a 50K account, $200 per day on 100K, and $250 per day on 150K. The minimum payout request is still $250.
Quick Pay Payout Conditions
Quick Pay has no payout buffer requirement. Once funded, you can request from any positive balance on day one. No minimum trading period, no milestone. The $250 minimum request amount is the only gate.
Platforms and Instruments
TradeDay supports four trading platforms. All accounts must stay on a single platform — you cannot split between platforms mid-evaluation.
Tradable Instruments
TradeDay allows futures trading on four exchanges: CME, CBOT, NYMEX, and COMEX. Stocks, options, forex CFDs, cryptocurrency, and other non-futures products are not permitted.
| Category | Examples |
|---|---|
| Equity index futures | ES, NQ, RTY, YM, NKD |
| Currency futures | 6E, 6B, 6J, 6A, 6C, 6S, 6N |
| Interest rate futures | ZN, ZB, ZT, ZF, UB, TN |
| Energy futures | CL, NG |
| Metals futures | GC, SI (full-size gold, silver, copper, platinum restricted as of February 2026 — micro contracts remain available) |
| Agricultural futures | Corn, soybeans, wheat |
Is TradeDay Legit?
Yes. TradeDay is one of the most verifiable futures prop firms in the industry. Here is the evidence:
TradeDay is not registered with the SEC or CFTC as a broker-dealer or commodity trading advisor. This is normal for prop firms — they are not managing client funds or offering regulated investment products. The evaluation is a simulated environment. Traders should read TradeDay’s full terms before purchasing.
CEO Interview: James Thorpe & Steve Miley
We sat down with TradeDay CEO James Thorpe and co-founder Steve Miley to talk about how TradeDay was built, what separates it from the competition, and where the firm is heading with TradeDay 2.0. If you want to understand the thinking behind the payout policy and the move away from static drawdown, this is the interview to watch.
TradeDay founders interview — James Thorpe (CEO) and Steve Miley
TradeDay Pros and Cons
Pros
- Day-one payouts on Quick Pay — no buffer, no 30-day wait
- No daily loss limit on any account type
- No funded consistency rule — trade freely once you pass
- Choice of Intraday or EOD trailing drawdown (Quick Pay)
- $0 activation fee on all TradeDay 2.0 accounts
- Four platform options including Tradovate, NinjaTrader, TradingView, and Jigsaw
- 90% profit split on Funded Live accounts
- Payouts via Rise (Riseworks) — typically clear in 24 hours
- 36% disclosed evaluation pass rate — one of the highest in futures prop
- Path to Funded Live — real capital, not permanent simulation
- EAs and algorithmic trading permitted under fair-use rules
- Over $10M in verified payouts since 2020
- Educational content, webinars, and mentorship included
Cons
- Monthly subscription pricing — costs compound if evaluation takes multiple months
- No overnight or weekend holding — strictly day-trading only
- News trading restricted — auto-liquidation 2 min before and after releases
- Full-size gold, silver, copper, and platinum contracts restricted since February 2026
- Quick Pay 50K quick pay split starts at 50/50 below $4,000 profit
- $150K maximum account size — caps aggressive scaling
- Fast Pass has additional payout conditions (5 profitable days minimum with daily thresholds)
- 30% consistency rule during evaluation confuses new traders
TradeDay vs Competitors
TradeDay competes primarily with Apex Trader Funding, Topstep, and My Funded Futures in the futures prop space. Here is how they compare on the things that actually affect traders.
| Feature | TradeDay | Apex Trader Funding | Topstep |
|---|---|---|---|
| Payout timing | Day 1 (Quick Pay) | 7-day wait first payout | Milestone-based |
| Daily loss limit | None | None | Yes — applies in eval |
| Funded consistency rule | None | None | Yes |
| Drawdown choice | Intraday or EOD trailing | Trailing only | Trailing only |
| Max profit split | 90% (Funded Live) | 100% first $25K then 90% | 90% |
| Platform count | 4 | 14+ | 2 (TopstepX, NinjaTrader) |
| Eval cost (50K) | From $62.50/mo | From ~$147/mo | From ~$49/mo |
| Path to live capital | Yes — Funded Live | No | No |
TradeDay wins on payout speed, drawdown choice, and the path to live capital. Apex wins on platform count and the 100% first-$25K split. Topstep wins on brand recognition and lower entry pricing on the 50K Intraday. For traders who care most about day-one payout access and a genuine route to trading real capital, TradeDay is the stronger pick.
For a broader comparison, use the FundedTrading prop firm comparison tool or see our best futures prop firms guide.
Get the Best TradeDay Price
TradeDay runs discounts frequently. These are the codes available as of June 29, 2026. Check which gives you a bigger saving at checkout and use that one — they cannot be stacked.
FundedTrading Code — 20% Off
Use code FUNDEDTRADING at checkout for 20% off any TradeDay 2.0 evaluation.
For all current prop firm discount codes in one place, visit the FundedTrading discount page.
TradeDay FAQ
What is the TradeDay discount code?
TradeDay’s current sitewide code is TDNEW, shown on their homepage as of June 29, 2026. FundedTrading readers can also use FUNDEDTRADING for 20% off. Enter the code at checkout on the TradeDay membership plans page. Only one code can be applied per purchase.
What is the difference between Quick Pay and Fast Pass?
Quick Pay requires a minimum of 5 trading days to pass the evaluation. It gives you a choice of Intraday or EOD trailing drawdown, and payouts start from day one in Funded Sim with no buffer. The profit split starts at 50/50 below $4,000 net profit and moves to 80/20 above that.
Fast Pass requires only 3 trading days to pass, with no minimum trading day requirement in the funded phase. It uses EOD trailing drawdown only. The split is a flat 80/20 in Funded Sim. Fast Pass has payout conditions in the funded phase — you need 5 profitable days with a minimum daily profit before requesting. Both routes reach 90/10 in Funded Live.
How does TradeDay’s payout work?
On Quick Pay accounts, payouts are available from day one with no buffer. The minimum payout request is $250. Payouts go through Rise (Riseworks) and typically clear within 24 hours. On Fast Pass accounts, you need 5 profitable days above the daily threshold ($150 per day on 50K, $200 on 100K, $250 on 150K) before requesting. Fast Pass payouts also clear within 24 hours once approved.
Is TradeDay a good prop firm?
Yes, for futures day traders. TradeDay has operated since January 2020, paid out over $10 million to funded traders, and holds a 4.6/5 Trustpilot rating from 1,370+ reviews. Its evaluation pass rate is publicly disclosed at 36% for January to June 2026 — well above industry norms. It is best for traders who want day-one payout access, a choice of drawdown models, and a genuine path to live capital. It is not the right fit for traders who need overnight holding or news trading.
Does TradeDay allow automated trading?
Yes. TradeDay permits automated trading systems and EAs under its fair-use policy. High-frequency bot swarms and exploitative strategies are not allowed. Standard algorithmic strategies that comply with risk rules are permitted across all account types.
How does TradeDay’s drawdown work?
TradeDay uses two trailing drawdown types. Intraday Trailing Maximum Drawdown (Intraday TMD) tracks unrealized equity in real time during the session — your floor moves as your positions run in your favor. End of Day Trailing Maximum Drawdown (EOD TMD) only adjusts at the 4pm CT close based on your realized balance. Both types freeze once the floor reaches your account starting balance, so the drawdown limit can never trail below your opening level.
What happened to TradeDay’s Static drawdown option?
The Static drawdown account was retired when TradeDay relaunched as TradeDay 2.0 in May 2026. It is no longer available for new purchases. All new accounts use either Intraday Trailing or EOD Trailing drawdown through Quick Pay or Fast Pass. Existing accounts on the old Static plan remain active under their original terms.
What happened to TradeDayX?
TradeDayX was TradeDay’s ProjectX-based trading frontend. ProjectX went exclusive to Topstep at the end of February 2026, so TradeDay retired TradeDayX. All TradeDay accounts now use Tradovate, NinjaTrader, TradingView, or Jigsaw. The platform experience has not suffered — Tradovate remains one of the strongest futures platforms available and TradeDay’s Jigsaw integration is a genuine differentiator for order flow traders.
Ready to Start Your TradeDay Evaluation?
Use code FUNDEDTRADING for 20% off. Day-one payouts on Quick Pay, no daily loss limit, and a path to Funded Live. Winner of the FundedTrading Best Payout Policy Award 2025.
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