PropFXLab
TradeDay logo

TradeDay

TradeDay LLC · Founded 2020-01-01 · Chicago, United States

Website

Min. Funding

$50,000.00

Max. Initial Funding

$150,000.00

Default Split

80% / 20%

Payout Cycle

On demand, first payout after 1 days

Platform Withholding Tax

0%

Min. Payout

$250.00

Scaling Cap

None

Quick Pay Funded Sim accounts can request a payout after one funded trading day, with no buffer and no consistency rule, as long as the balance stays above the starting size. Requests submitted before 5:30pm CT are processed the next business day. Fast Pass instead needs 5 profitable days and net profit since the last request.

Withdrawal Channels

Supported payout methods, limits and processing times for this firm.

Riseworks US bank wire

Bank Wire

Min.
$250.00
Max.
No max
Processing
1–1 business days
Fee
No fee

Domestic US wires through Riseworks are free. Funded Sim requests go through the TradeDay dashboard; Funded Live traders email fundedtrader@tradeday.com.

Riseworks international bank wire

Bank Wire

Min.
$250.00
Max.
No max
Processing
1–3 business days
Fee
$15.00 flat

Riseworks charges $15 per international wire. Additional correspondent-bank fees can still apply on the receiving side.

Riseworks crypto

Crypto

Min.
$250.00
Max.
No max
Processing
0–1 business days
Fee
No fee

L2 crypto withdrawals are free. L1 withdrawals cost $2.50 plus estimated gas. Onboard with Riseworks only after TradeDay sends the invite.

Pros & Cons

Pros

  • Day-one Quick Pay withdrawals with a $250 minimum and no funded consistency rule
  • Payouts requested before 5:30pm CT are processed the next business day
  • Real live-account path at $10,000 gross profit with a 90/10 split
  • No daily loss limit on the core evaluation; Intraday, EOD and Static drawdown flavours

Cons

  • 50/50 split on Funded Sim profit that would leave the account under $4,000
  • Profit above the $10,000 Quick Pay review threshold is not paid out
  • Futures only, and losing a live account means a 3-month cooling-off period
  • Smallest evaluation is $50,000 — no 25K starter size

Payout Calculator

Choose the firm and split tier, enter your challenge amount and expected profit to preview your take-home payout.

Current firm

TradeDay

Estimated take-home

$6,400.00

About 5.33% of the challenge amount

Other platform deduction
$0.00
Trader share (80%)
$6,400.00
Firm retains
$1,600.00
Platform withholding tax
$0.00
Payment processor fee
$0.00
Withdrawal fee
$0.00

Rules & Restrictions to Watch

All accounts trade simulated capital, and rules can change without notice. Always confirm the current terms directly on the firm's official website before purchasing or requesting a withdrawal.

  • Quick Pay Funded Sim splits 50/50 on profit that would leave the account below $4,000 of current profit after the withdrawal; only the slice that stays above $4,000 pays 80/20
  • Hitting $10,000 gross profit on Quick Pay pauses the sim account for a Funded Live review; extra profit above that threshold is not paid out
  • Losing a Funded Live account triggers a 3-month cooling-off period before new evaluations
  • TradeDay funds CME, CBOT, NYMEX and COMEX futures only — stocks, options, forex, crypto and CFDs are not available

Frequently Asked Questions

What is TradeDay?

TradeDay is a Chicago futures proprietary trading firm founded in 2020 by James Thorpe and Steve Miley and operated by TradeDay LLC at 412 S. Wells. Traders pass a single-phase evaluation (Quick Pay is the core product) on $50,000, $100,000 or $150,000 accounts, then trade a Funded Sim book and, after a $10,000 gross-profit review, can move into Funded Live. Permitted products are listed CME, CBOT, NYMEX and COMEX futures only.

What is the TradeDay profit split?

On Quick Pay Funded Sim, splits are calculated per account from current profit. Profit withdrawn while leaving more than $4,000 in the account pays 80/20. Anything that would take remaining current profit below $4,000 pays 50/50, and a request that crosses the line is split proportionally. Funded Live withdrawals pay 90/10. Splits are not a lifetime 80/90/95 ladder across all accounts.

How often can I request a payout from TradeDay?

Quick Pay Funded Sim has no payout buffer and no funded consistency rule. You can request after one funded trading day whenever the balance is above the starting size, with a $250 minimum. Fast Pass instead needs five profitable days and net profit since the last payout. Requests in before 5:30pm CT are processed within 24 hours on business days. Funded Live traders email fundedtrader@tradeday.com rather than using the dashboard button.

Which withdrawal methods does TradeDay support, and are there fees?

All cash leaves through Riseworks after TradeDay sends the onboarding invite. US bank wires are free, international wires cost $15, L2 crypto is free, and L1 crypto costs $2.50 plus gas. TradeDay itself does not add a withdrawal fee. Do not create a standalone Riseworks account before the invite — you must join as part of the TradeDay team.

How do TradeDay drawdown and the Funded Live path work?

Quick Pay evaluations use a trailing max drawdown of $2,000 / $3,000 / $4,500 on the 50K / 100K / 150K sizes, a 5-day minimum, a 30% best-day cap, and no daily loss limit. Funded Sim switches to an intraday trailing drawdown on gross profits (current profit plus payouts already taken), so the trail keeps moving after you withdraw. At $10,000 gross profit the sim account pauses for a Funded Live review; profit above that level is stripped and not paid. Funded Live then pays 90/10 with a maximum of 5 live accounts.

Compare TradeDay