TradeDay Review

Leverage: Max Contract Size Allowed per Account Size

• $50,000 Account: Up to 5 Contracts (50 Micros)

• $100,000 Account: Up to 10 Contracts (50 Micros)

• $150,000 Account: Up to 15 Contracts (50 Micros)

Commission details can be found via this link below https://tradeday.freshdesk.com/en/support/solutions/articles/103000008893-how-much-are-trading-commissions-

Consistency Rule of 30%: Only during evaluation phase, Profits on a single trading day must not exceed 30% of the profit target.

News Trading

• Restriction to open any positions and be working no orders in the order book, from 2 minutes before the data release until 2 minutes after the data release.

Copy Trading Rule

• Trade copiers are allowed from your personal accounts elsewhere into your TradeDay account.

Consistency Rule

• Profits during one single trading day should not exceed 30% of the profit target. There is no consistency objective for funded traders.

Minimum of 5 Days Objective

• Minimum of 5 days of trading in order to complete this objective. No need to be consecutive. Traders finishing the profit target and the consistency objectives before completing 5 days are required to continue to trade in the style they have been. Microtrading is not allowed.

Expert Advisors

• Expert advisors are allowed; however, algos and bots purchased from a third party and employed by the trader are forbidden. If multiple users are making the same trades, then all the accounts will be shut down and the users suspended.

Exploiting System Errors

• Not allowed to use any trading strategy intended to exploit or create errors in the services, such as errors in the display of prices or delays in their updates.

Live Funded Account Rule

• Traders can only have one Funded Live account. When in Funded Live, you will not be able to purchase additional accounts.

Unrealistic Contract Volume

• Trading an excessive or unrealistic number of contracts in the day is not allowed.

Inactivity Rule

• Accounts inactive for a period of 45 days without prior consent are considered dormant and will be closed.

Prohibited Trade Practices

• More Prohibited Trade Practices can be found via this link: Prohibited Trade Practices

Funded Sim Milestones

• Funded Sim milestones are key points where a trader’s performance is reviewed by the Head of Trading as part of the progression toward a Live Account.

• Profit milestones are set at every $5,000 in gross profits, up to $20,000.

• In addition, TradeDay may consider transitioning a trader to a Live Account once the third withdrawal request has been made on the funded account. For full details, please visit the guide.

• Traders cannot make a withdrawal request until they have cleared the buffer.

• Traders can draw down into the buffer when they have cleared the buffer
• Minimum payout request is $250

• Traders can withdraw profits whenever they like, and there are no restrictions on the frequency of withdrawals.

• Traders cannot take a withdrawal until their Trailing Maximum Drawdown (TMD) has moved to the opening account balance. This is often referred to as having cleared the “buffer.”

TradeDay offers profit split of:

• Funded Live: 90%

• Fast Pass Funded Sim: 80%

• Quick Pay Funded Sim: profit above $4,000 pays out at 80%, profit below $4,000 at 50%. Each account is split on its own profit, not on lifetime withdrawals

• Quick Pay Funded Live: the required buffer pays out at 50%, profit above it at 90%