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TradeDay
Tradeify247At a glance
Category winners across the firms you pickedHighest rated
TradeDay
4.6 / 5 trader rating
Most funding
Tradeify247
$300K max funding
Fastest payout
TradeDay
On demand
Tied — shown first
The bottom line
TradeDay has the stronger reputation with a 4.6/5 trader rating. Tradeify247 scales the furthest with up to $300K in funding.
42 of 61 metrics differ
| TradeDay$50K | Tradeify247$50K | |
|---|---|---|
| Account Pricing | ||
| Price | Not published | Not published |
| Activation Fee | None | Not published |
| True Cost | Not published | Not published |
| Reset Fee | Not published | Not available |
| Current Promotion | Not published | Not published |
| Evaluation Phase | ||
| Profit Target | Best value: $3,0006.0% of account | $6,00012.0% of account |
| Max Drawdown | $2,000 | $3,000 |
| Drawdown Type | Intraday | Static |
| Daily Loss Limit | Best value: None | $1,500 |
| Max Position Size | Best value: 5 contracts | N/A |
| Consistency Rule | 30% | No |
| Funded Phase | ||
| Max Drawdown | $2,000 | $3,000 |
| Drawdown Type | Intraday | Static |
| Daily Loss Limit | Best value: None | $1,500 |
| Max Payout/Cycle | Not published | UncappedMin: $100 |
| Consistency Rule | No | No |
| Value MetricsDerived from price, discount, targets and payout caps — fewer breakeven cycles and higher first-cycle ROI mean the account pays for itself faster. | ||
| Breakeven Winning Cycles | — | — |
| Max First-Cycle ROI | — | — |
| Target : Drawdown | Best value: 1.50lower = easier to pass | 2.00lower = easier to pass |
| Company Info | ||
| Established | 2020 | 2026 |
| CEO | James Thorpe | Brett Simberkoff |
| Country | United States | United States |
| Trader Rating | Best value: 4.6 | 4.1 |
| Features | ||
| Allows Scaling | Yes | No |
| Daily Payouts | Yes | Yes |
| 1-Day Pass | No | No |
| KYC Required | Required | Required |
| Trading | ||
| Instruments | ES, MES, NQ, MNQ, RTY, M2K, NKD, YM +33 more | Not published |
| Evaluation Types | 1-step | 2-step, 1-step, Instant funding |
| Platforms | Tradovate, NinjaTrader, TradingView +15 more | DXTrade, MetaTrader 5, Gold-i +1 more |
| Max Funding | $150,000 | Best value: $300,000 |
| Profit Split | Not published | 80% |
| Max Accounts | 3 funded · 6 evaluation | Not published funded · Not published evaluation |
| Trading Rules | ||
| Scalping | Allowed | Allowed |
| Payouts | ||
| Payout Frequency | On demand | On demand |
| Min Payout | $250 | $100 |
| Payout Methods | US bank wire — free, International bank wire — $15 per withdrawal +2 more | Rise, Crypto +1 more |
| Payout StructureHow money actually leaves the account: what you must do to qualify, how much each payout may be, and when the cap stops applying. | ||
| Payout cadence | On demand | On demand |
| Eligibility | 1 trading days | 3 profitable days |
| Payout cap | Not published | Uncapped |
| Payout limit | Unlimited | Unlimited |
| Safety-net buffer | None | None |
| Scaling | None | None |
| Activation fee | None | None |
| Evaluation TermsThe shape of the challenge itself, including where the consistency rule applies — an evaluation-only rule and one that binds for the life of the account are very different obligations. | ||
| Evaluation type | 1-step | 1-step |
| Time limit | None | None |
| Min trading days | 5 | None |
| Fastest possible pass | 5 days | — |
| Resets | Allowed | Not available |
| Consistency rule | 30% | None |
| Consistency applies to | Evaluation only | No rule |
| What You May TradeEach firm's own position on the strategies traders get breached for, with its published qualification. A restriction is not the same as a ban. | ||
| News trading | ! RestrictedOnly a named tier-1 list is off limits, and the platform enforces it rather than failing the trader… | ✓ Allowed |
| Weekend holding | ? Not publishedNo weekend-specific rule is published; it follows from the absolute daily-close rule, which admits no exception for a… | ✓ Allowed |
| Overnight holding | ✓ AllowedExplicitly permitted inside a session, which runs overnight: “Trading generally resumes after 5 pm CT.”… | ✓ AllowedThe original position size must remain intact across the 22:00 UTC reset; closing part before reset and carrying the… |
| Bots & automation | ! RestrictedA trader’s own automation is allowed on supported platforms, bought automation is not, and there is no API… | ✓ AllowedTrading bots are allowed if you own or have exclusive rights to the bot.… |
| High-frequency trading | ✗ Not allowedBanned with a published numeric threshold, unusually: “Using automated trading systems designed to scalp at an”… | ✗ Not allowedHigh-frequency trading strategies are not allowed. |
| Dollar-cost averaging | ? Not publishedOnly legitimate scaling and staged entries at different price levels are explicitly permitted by the order-splitting… | ? Not publishedDCA strategies are permitted within risk parameters. |
| Hedging | ? Not publishedBanned in both the multiple-accounts article and the prohibited-practices list, with the same cross-account definition:… | ✗ Not allowed |
| Copy trading | ! RestrictedAllowed only into TradeDay accounts and only between Funded Sim accounts, never across the sim/live line… | ✓ AllowedOwn-account copiers and exclusively licensed tools are allowed; shared auto-executing signals are prohibited.… |
| Microscalping | ? Not publishedDefined but not numerically bounded, and enforced by review rather than by an automatic breach… | ✗ Not allowedAll trades must be held for at least 20 seconds.… |
| VPN | ✗ Not allowedVPS is barred outright and IP masking must be switched off on demand: “TradeDay does not allow the use of virtual”… | ✓ AllowedVPN/VPS is allowed for personal use; masking account sharing is prohibited.… |
