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By Alex Firdaus | Last updated: August 20, 2026 | Data checked: August 20, 2026
TradeDay Review 2026: Rithmic Live, 55% Off Code & Rules
TradeDay is a Chicago futures prop firm that relaunched as TradeDay 2.0 in May 2026 and just added Rithmic as a second platform route in August 2026, alongside the existing Tradovate and NinjaTrader route. The current promo code, TDNEW, cuts every plan 55%, the biggest discount TradeDay has run, with the 50K Quick Pay Intraday now $59 a month. Quick Pay still pays out from day one with no funded consistency rule. Separately, Fast Pass Funded Sim accounts opened on or after July 26, 2026 carry a new 45% consistency rule and a lower payout cap, a real tightening that does not touch Fast Pass accounts opened before that date. Best for CME futures day traders who want cheap entry, drawdown choice, and a real path to live capital.
Use code TDNEW for 55% off. Accounts now start at $59/month.
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. Recorded before the Rithmic launch, so treat the platform list and pricing below as the current source.
TradeDay review by FundedTrading: rules, payouts, and verdict
Table of Contents
- Video Review
- What's New: Rithmic and 55% Off
- What is TradeDay?
- TradeDay Discount Code 2026
- Account Plans and Pricing
- Trading Rules
- Drawdown Explained
- Payouts and Profit Split
- Platforms and Instruments
- Is TradeDay Legit?
- CEO Interview: James Thorpe & Steve Miley
- Pros and Cons
- TradeDay vs Competitors
- FAQ
What's New at TradeDay: Rithmic and 55% Off
Three things changed at TradeDay since we last checked this page, and all three matter if you already read our earlier review.
Rithmic is now live
TradeDay added Rithmic as a second data and execution route. Rithmic is one of the most requested connections in futures prop trading, built for low-latency order execution, and TradeDay traders have been asking for it since the TradeDay 2.0 relaunch. You now choose your route at signup: the existing Tradovate/NinjaTrader route, or the new Rithmic route. Pricing is identical between the two, with one exception we cover in the pricing table below.
55% off, TradeDay's biggest discount to date
TradeDay launched the Rithmic route alongside its largest promo since TradeDay 2.0 went live. Code TDNEW now cuts every Quick Pay and Fast Pass plan by 55%, up from the 50% it was running through most of the summer. The 50K Quick Pay Intraday plan, the cheapest way into TradeDay, now costs $59 a month with no activation fee, down from $131 at list price.
Fast Pass funded accounts got stricter on July 26
Separately from the Rithmic launch, and about three weeks earlier, TradeDay tightened Fast Pass Funded Sim accounts. Any Fast Pass account opened on or after July 26, 2026 now carries a 45% consistency rule and a lower payout cap than before. Fast Pass accounts opened before that date keep the old, looser terms. We cover the exact numbers in the payout section below.
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 well in Funded Sim and TradeDay can move you to a Funded Live account, where you trade real capital and keep up to 90% of the profit.
In May 2026, TradeDay relaunched as TradeDay 2.0. The old nine-SKU grid of Static, EOD, and Intraday accounts was retired and replaced with two routes: Quick Pay and Fast Pass. In August 2026, TradeDay added Rithmic as a second platform route on top of both. If you are reading a TradeDay review that mentions Static drawdown as a current option, or that does not mention Rithmic, it is out of date.
TradeDay also sells CoPilot, a $24 a month membership for traders who want the firm's research, courses, and community without buying an evaluation. It is not a funded account and does not lead to a payout on its own.
TradeDay Discount Code 2026
TradeDay runs one active promo as of August 20, 2026: 55% off every Quick Pay and Fast Pass plan, on either platform route, with code TDNEW.
TradeDay Site Code: TDNEW
TradeDay's current sitewide code, live on their homepage and pricing page as of August 20, 2026.
How to use: Go to TradeDay's pricing page, pick your platform route and account, and enter TDNEW at checkout. The 55% discount applies automatically to the price shown.
TradeDay Account Plans and Pricing (2026)
TradeDay 2.0 runs two evaluation routes across three account sizes, and as of August 2026 each is available on either the Tradovate/NinjaTrader route or the Rithmic route. All accounts are monthly subscriptions with no activation fee. Prices below are the current 55% discounted rates from the TradeDay pricing page, checked August 20, 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 | List Price | Now (55% Off) | Profit Target | Trailing Drawdown | Min Days | Reset Fee |
|---|---|---|---|---|---|---|---|
| 50K | Intraday TMD | $131 | $59 | $3,000 | $2,000 (intraday) | 5 | $59 |
| 50K | EOD TMD | $175 | $79 | $3,000 | $2,000 (EOD) | 5 | $79 |
| 100K | Intraday TMD | $240 | $108 | $6,000 | $3,000 (intraday) | 5 | $108 |
| 100K | EOD TMD | $285 | $129 | $6,000 | $3,000 (EOD) | 5 | $129 |
| 150K | Intraday TMD | $360 | $162 | $9,000 | $4,500 (intraday) | 5 | $162 |
| 150K | EOD TMD | $400 | $180 | $9,000 | $4,500 (EOD) | 5 | $180 |
Consistency rule during evaluation: 30% per day cap, all Quick Pay sizes. Position limits are unchanged from before: 5 contracts on 50K, 10 on 100K, 15 on 150K, all capped at 50 micros regardless of size.
Fast Pass: 3-Day Route
Fast Pass gets you funded faster. Pass in 3 trading days with a 45% consistency cap during evaluation. Uses EOD trailing drawdown only, in both evaluation and funded stages.
| Account | List Price | Now (55% Off) | Profit Target | Trailing Drawdown | Min Days | Reset Fee |
|---|---|---|---|---|---|---|
| 50K Fast Pass | $189 | $85 | $3,000 | $2,000 (EOD) | 3 | $85 Tradovate / $89 Rithmic |
| 100K Fast Pass | $330 | $149 | $6,000 | $3,000 (EOD) | 3 | $149 |
| 150K Fast Pass | $500 | $225 | $9,000 | $4,500 (EOD) | 3 | $225 |
TradeDay Trading Rules
TradeDay's rulebook stays simple during the evaluation. There is one hard fail condition: breach the Trailing Maximum Drawdown limit and the account resets. There is no daily loss limit on any account, on either platform route.
TradeDay Drawdown Explained
TradeDay offers two trailing drawdown types, and the mechanics are the same whether you trade the Tradovate/NinjaTrader route or the new Rithmic route.
Intraday Trailing Maximum Drawdown (Intraday TMD)
The drawdown floor moves up in real time as your unrealized equity rises during the trading session. Open a trade that runs $500 in your favor before reversing, and your drawdown floor has already moved up by $500 even though you never closed the position. This is the cheaper option but the strictest intraday experience. It rewards traders who take quick, controlled entries and exit 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. Traders who let winning trades run before closing tend to prefer EOD trailing.
| 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. On Quick Pay accounts, funded traders can request a withdrawal from any positive balance from day one, no buffer, no waiting period, no cap.
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 does not exist under TradeDay 2.0.
Quick Pay Payout Conditions
Quick Pay has no payout buffer, no milestone, and no payout cap. Once funded, you can request from any positive balance on day one. The $250 minimum request is the only gate, and this has not changed. Withdrawal fees run $15 on an international bank wire and $2.50 plus gas on an L1 crypto withdrawal. US bank wire and L2 crypto withdrawals are free.
Fast Pass Payout Conditions, Split by Account Age
Fast Pass Funded Sim needs 5 profitable days with a minimum daily profit before any payout, and this part has not changed: $150 a day on the 50K, $200 on the 100K, $250 on the 150K. Every payout is also capped at 50% of the account balance, on top of the per-tier ceiling below. What changed, per TradeDay's own help center, is tied to when the account was opened, not to when you happen to be reading this.
| Account | Min Profitable Days | Max Payout, Opened Before Jul 26 | Max Payout, Opened Jul 26+ | Funded Position Start |
|---|---|---|---|---|
| 50K Fast Pass | 5 x $150/day | $2,000 | $1,500 | 2 contracts (20 micros), +1 per $2k EOD profit |
| 100K Fast Pass | 5 x $200/day | $2,500 | $1,850 | 3 contracts (30 micros), +1 per $2k EOD profit |
| 150K Fast Pass | 5 x $250/day | $3,000 | $2,250 | 4 contracts (40 micros), +1 per $2k EOD profit |
Every funded account, regardless of route, also starts at 2 contracts on a 50K, 3 on a 100K, or 4 on a 150K once it reaches Funded Live, unless TradeDay's trading team grants an increase at its discretion. Both Quick Pay and Fast Pass move to Funded Live on the trader's 5th payout request.
Funded Live accounts: Both routes can progress to a Funded Live account, real capital, 90/10 split. TradeDay discloses a 36% evaluation pass rate for January to June 2026. Funded Live progression sits above that, so only a fraction of traders who pass the evaluation eventually reach Funded Live. Each trader can hold up to 5 Funded Live accounts at a time, on top of a maximum of 3 active Funded Sim accounts and 6 accounts total across every stage.
Platforms and Instruments
TradeDay now sells every plan on two platform routes, chosen at signup before you pick Quick Pay or Fast Pass.
Route 1: Tradovate / NinjaTrader
The original TradeDay route, unchanged. Both Tradovate and NinjaTrader accounts also connect to TradingView and Jigsaw Trading (Daytradr) for charting and order flow.
Route 2: Rithmic, New in August 2026
TradeDay's second route runs on Rithmic, a low-latency data and order-routing connection built for scalpers and algo traders. It is one of the most requested connections in futures prop trading. Signing up on the Rithmic route gives you the same account rules, pricing, and payout mechanics as the Tradovate/NinjaTrader route, with the one reset-fee exception noted in the pricing table above.
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, on either platform route.
| 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 since February 2026, micro contracts remain available) |
| Agricultural futures | Corn, soybeans, wheat |
Is TradeDay Legit?
Yes. TradeDay is one of the more 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 do not manage client funds or offer regulated investment products. The evaluation is a simulated environment. 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 and where the firm was heading with TradeDay 2.0. This interview predates the Rithmic launch and the 55% promo, but the background on the payout policy and the move away from static drawdown still holds.
TradeDay founders interview: James Thorpe (CEO) and Steve Miley
TradeDay Pros and Cons
Pros
- 55% off every plan with code TDNEW, TradeDay's biggest discount to date
- Rithmic now runs alongside Tradovate/NinjaTrader as a second platform route, at matching prices
- 50K Quick Pay Intraday starts at $59 a month, no activation fee
- Day-one payouts on Quick Pay, no buffer, no waiting period, no cap
- No daily loss limit on any account, either route
- Quick Pay funded accounts carry no consistency rule
- Choice of Intraday or EOD trailing drawdown on Quick Pay
- 90% profit split on Funded Live accounts
- Payouts via Rise (Riseworks), typically clear in 24 hours
- 36% disclosed evaluation pass rate, well above the industry norm
- Path to Funded Live, real capital, not permanent simulation
- EAs and algorithmic trading permitted under fair-use rules on both routes
- Over $10M in verified payouts since 2020
- CoPilot membership at $24/month for research and community without an evaluation
Cons
- Fast Pass Funded Sim accounts opened on or after July 26, 2026 carry a new 45% consistency rule and a lower payout cap ($1,500 to $2,250 versus $2,000 to $3,000 before), a real tightening for new buyers
- Fast Pass funded position size starts reduced (2 to 4 contracts) and scales up with EOD profit, rather than starting at the evaluation's full size
- Monthly subscription pricing, costs add up if the evaluation runs long
- No overnight or weekend holding, day trading only
- News trading restricted, auto-liquidation 2 minutes before and after releases
- Full-size gold, silver, copper, and platinum contracts restricted since February 2026
- Quick Pay's split starts at 50/50 below $4,000 net profit
- $150K maximum account size, caps aggressive scaling
- 30% (Quick Pay) or 45% (Fast Pass) consistency rule during evaluation trips up 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 on Quick Pay, 45% on Fast Pass | 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 routes | 2 (Tradovate/NinjaTrader, Rithmic) | 14+ platforms | 2 (TopstepX, NinjaTrader) |
| Eval cost (50K) | From $59/mo | From roughly $147/mo | From roughly $49/mo |
| Path to live capital | Yes, Funded Live | No | No |
TradeDay now wins on entry price too, not just payout speed and drawdown choice. Apex still wins on raw platform count and the 100% first-$25K split. Topstep wins on brand recognition and its cheap 50K Intraday entry point. For traders who want cheap entry, day-one payout access, and a genuine route to trading real capital, TradeDay is the stronger pick, especially on Quick Pay.
For a broader comparison, use the FundedTrading prop firm comparison tool or see our best futures prop firms guide.
Get the Best TradeDay Price
TDNEW is the only code we can currently verify against TradeDay's own pricing page, good for 55% off as of August 20, 2026.
TradeDay Code: 55% Off
Use code TDNEW at checkout for 55% off any TradeDay 2.0 evaluation, on either platform route.
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 code is TDNEW, good for 55% off every Quick Pay and Fast Pass plan as of August 20, 2026. This is TradeDay's largest discount to date, up from the 50% it ran through most of the summer. Enter the code at checkout on the TradeDay pricing page.
Is Rithmic available on TradeDay?
Yes. TradeDay added Rithmic as a second platform route in August 2026, alongside the existing Tradovate and NinjaTrader route. You pick Tradovate/NinjaTrader or Rithmic at signup, before choosing Quick Pay or Fast Pass. Pricing is the same on both routes, with one exception: the 50K Fast Pass reset fee runs $89 on Rithmic against $85 on Tradovate.
What is the difference between Quick Pay and Fast Pass?
Quick Pay needs 5 trading days to pass, gives a choice of Intraday or EOD drawdown, and pays out from day one in Funded Sim with no consistency rule and no payout cap. Fast Pass needs only 3 trading days to pass but uses EOD drawdown only. Fast Pass Funded Sim accounts opened on or after July 26, 2026 carry a 45% consistency rule and a payout cap of $1,500 to $2,250 depending on size, while accounts opened before that date have no consistency rule and a higher cap of $2,000 to $3,000. Both routes reach a 90/10 split in Funded Live.
Did TradeDay change the Fast Pass funded rules?
Yes, on July 26, 2026, and it depends on when your account was opened. Fast Pass Funded Sim accounts opened on or after that date carry a 45% consistency rule and a maximum payout request of $1,500 on the 50K, $1,850 on the 100K, and $2,250 on the 150K. Accounts opened before July 26, 2026 keep the old terms: no consistency rule and higher caps of $2,000, $2,500, and $3,000. Position size on Fast Pass funded accounts starts lower than the evaluation either way, at 2 to 4 contracts depending on size, and scales up by one contract for every $2,000 in EOD profit. Quick Pay funded accounts are not affected by any of this and still carry no consistency rule or payout cap.
How does TradeDay's payout work?
On Quick Pay, payouts are available from day one with no buffer and no cap, the minimum request is $250, and Rise typically clears requests within 24 hours. On Fast Pass, you need 5 profitable days above a daily threshold ($150 on the 50K, $200 on the 100K, $250 on the 150K) before requesting. The payout is also capped at 50% of the account balance and by a tier ceiling that depends on when the account was opened, $1,500 to $2,250 for accounts from July 26, 2026 onward, or $2,000 to $3,000 for accounts opened earlier.
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 carries a 4.6 out of 5 Trustpilot rating from thousands of reviews. Its evaluation pass rate is disclosed at 36% for January to June 2026, well above the industry norm, and accounts now start at $59 a month with the TDNEW code. It is not a fit for traders who need overnight or weekend holding.
Does TradeDay allow automated trading?
Yes. TradeDay permits automated trading systems and EAs under its fair-use policy on both the Tradovate/NinjaTrader route and the new Rithmic route. High-frequency bot swarms and exploitative strategies are not allowed. Standard algorithmic strategies that comply with the risk rules are permitted across every account type.
How does TradeDay's drawdown work?
TradeDay uses two trailing drawdown types. Intraday Trailing Maximum Drawdown tracks unrealized equity in real time, so the floor moves as a position runs in your favor. End of Day Trailing Maximum Drawdown adjusts only at the 4pm CT close, based on realized balance. Both freeze once the floor reaches the starting balance, so the drawdown limit never trails below the account's 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, on either the Tradovate/NinjaTrader or Rithmic route, use Intraday 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. TradeDay accounts now run on Tradovate, NinjaTrader, TradingView, or Jigsaw through the standard route, or on Rithmic through the route TradeDay added in August 2026.
Ready to Start Your TradeDay Evaluation?
Use code TDNEW for 55% off. Day-one payouts on Quick Pay, no daily loss limit, and now a choice of Tradovate/NinjaTrader or Rithmic. Winner of the FundedTrading Best Payout Policy Award 2025.
Get Funded at TradeDay →