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When I made a few posts on the first page of this thread, it was only really with general chat about funding companies. I had no experience of dealing with TradeDay. I have now, so am just updating the thread with it. Encouraged by what I'd read of the company and by my early contacts with their "Support", I tried the Trade Day "Beginners Program" (nominal $50,000 account evaluation) late last year.
To put it mildly, I had no complaints about them at all and was actually very impressed: they were efficient, friendly, supportive, fast-moving and a pleasure to deal with. So far I dislike nothing about this company and there are many things I like a lot (anyone familiar with my general posts about funding companies might appreciate that coming from me, this is high praise).
Unfortunately, at that point I was really ill, stressed, exhausted, inattentive and plagued by frequent hospital appointments. I traded about the worst I've ever managed, got nowhere, was in loss as I was approaching the end of the first month, and decided to take a break until I'd sorted out my health/medical problems as much as I could. None of this was TradeDay's fault, obviously, but in the circumstances I didn't continue my subscription. Cancellation was very easy.
They've stayed in touch and sent me a good discount-voucher. My situation's somewhat improved now and I've decided to give it another go. I'll start soon and this time will try their "Advanced Program" - nominal $100,000 account evaluation - trading slowly/gently with only tiny position-sizes: probably 1-to-2 micro-lots (up to 4 mini-lots/40 micros are allowed). The profit-target is $4,000 with a daily loss limit of $1,000 and an account loss limit of $3,000.
I don't promise to trade any better, but will update this thread again, either way, with my experiences/results.
No "Journal" planned because maintaining one would be an inconvenient imposition on me, and there's absolutely no prospect of anyone else benefitting from it. Or indeed "benefiting," as you normally spell it across the pond, I've just learnt (or "learned").
Good to hear that you're better, and also that you have liked the company.
Keep us updated, but only as you can or feel like doing.
Bob.
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Over here, I know that we don't say "learnt," although the "benefitting" / "benefiting" difference is new to me (I think I would normally have written it as "benefitting", with two "t's", but I'm not sure. My fingers do my spelling, as a rule. Another one is "whilst", which I am quite sure I have never said in my life. It's an interesting language we speak, more or less jointly, in all its variations.
When one door closes, another opens.
-- Cervantes, Don Quixote
I was just about to start again, but realised that February's the shortest month of the year, and as I didn't know whether the subscriptions work on a 30-day or a calendar-month basis and wanted to avoid including 5 weekends in my first month's payment, I asked their Support if it might be better, in the circumstances, to wait until Monday. I got an immediate reply helpfully advising me to start next Tuesday instead (which I will) because Monday is a public holiday over there (President's Day).
I know what you mean: "muscle memory", I think they call it. I discovered that one only because - to my surprise - my (U.S.) spellcheck challenged my original spelling with the double "t". All those words with endings you spell "-ize" and we spell "-ise" I generally leave unamended. I don't think I've ever used the word "whilst", either, though I've certainly seen and heard it used, over here.
We're "two countries divided by a common language", as the playwright George Bernard Shaw said.
I passed their evaluation last week and just sent in all of the paperwork to get my funded account set up. It's a real funded account so might take a few days to a week I imagine. Will let you know how long it takes to get access to trading as well as any other interesting bits. So far - great experience. Very straightforward.
Since you asked for updates on TradeDay, let me provide a comprehensive TradeDay review based on where things stand in late 2025.
Is TradeDay Legit?
Yes. TradeDay is a legitimate futures prop firm founded in 2020 by Steve Miley, operating out of Chicago. Their Trustpilot rating currently sits at 4.7/5 from over 970 reviews - that's Excellent territory. They've built a solid track record of actual payouts to funded traders.
TradeDay Funding - What's Changed Since 2023
Several improvements since the early posts in this thread:
Minimum trade days reduced from 15 to just 5 (addressed VirtualMark's original concern)
Single-step evaluation only - no multi-phase challenges
Payouts from day one - no arbitrary waiting periods
100% of your first $10,000 in profits - you keep everything
90% split after that threshold
95% split once you've withdrawn $100K total
Zero platform fees, data fees, or payout fees once funded
For someone trading ES, CL, and the other markets you follow, that profit retention is meaningful money.
What TradeDay Reviews Consistently Mention
The positive TradeDay reviews tend to highlight:
- Simple, consistent rules that don't change mid-stream
- Fast customer support
- Algo/bot trading is permitted
- No time limit on completing the evaluation
The criticisms in TradeDay reviews focus on:
- No overnight holds allowed
- No trading during major news events
- The consistency rule (30% max from any single day) requires discipline
- ~28% pass rate means most traders don't make it through evaluation
Addressing the Original Thread Concern
VirtualMark raised a valid point about the discretionary funding clause back in 2022. Based on the payout evidence since then, that concern has largely been addressed by their track record. Traders who meet the stated rules are getting funded and getting paid.
Bottom Line for This TradeDay Prop Firm Review
Is TradeDay legit? The evidence says yes. Is it right for everyone? No - the no-overnight and no-news rules eliminate certain trading styles. But for disciplined day traders who can stay consistent without outlier days, the funding structure and payout speed are genuinely competitive.
For your trading style with MACD and Fibonacci setups on ES/CL, the intraday-only restriction might actually fit well - those are typically day trade setups anyway.
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