TradeDay Review

The drawdown switch

Quick Pay - Intraday or EOD (your choice) -> Always Intraday.

Fast Pass - EOD -> EOD.

A Quick Pay trader who paid extra for the EOD evaluation is switched to Intraday when funded. The EOD version costs $50–$95 more, and that premium buys a gentler evaluation only. Every Quick Pay funded account runs on intraday trailing regardless.

Fast Pass keeps EOD throughout. For anyone who holds positions through retracement, that consistency is worth more than Fast Pass's higher consistency threshold.

Only two rules apply to Funded Sim and Funded Live:

Rule 1: do not hit or exceed the maximum drawdown.

Rule 2: do not trade within 2% of a price limit. Breach means losing the funded account.

Permitted times, products and position sizes remain guidelines — accidental breaches aren't violations, continual abuse loses the account. Funded traders holding positions inside the 10-minute close window get a warning.

If you lose a funded account with a positive balance, profits are returned after the split — except profits from Tier 1 data releases or breaches of permitted times, profits where prohibited practices were found, profits where guidelines were continually abused, and profits earned in a simulated account.

Losing a Funded Live account triggers a mandatory 3-month cooling-off period during which you cannot take any TradeDay evaluation. Returning Funded Live traders are placed back in Funded Sim, not straight into Live.

Losing a Funded Sim account is reviewed before you're allowed to sign up again — and TradeDay states that traders making frequent or large withdrawals that leave an account vulnerable "may not be invited to rejoin."

Path to Funded Live

Quick Pay: reviewed at $10,000 gross profit in each account, independently.

Stop trading when you hit it. Account access is paused automatically during the End-of-Day run (4:30 PM CT) and reviewed overnight, usually resolved before the cash open. Any profit above $10,000 is removed and the balance revised back to the threshold — forfeited, not payable, not transferable, not carried into an extension.

On transfer, only profits remaining (gross minus withdrawals) move across, subject to the same tiered split. TradeDay's example: $10,000 gross, $3,500 already withdrawn, $6,500 remaining → $2,500 at 80/20 plus $4,000 at 50/50 = $4,000 transferred. Maximum drawdown is then set to $0.

Fast Pass: moved to Funded Live automatically on the 5th payout request. The Funded Sim account closes; a new Funded Live account opens at $0 balance with the same EOD drawdown and the same starting position limits (2/3/4 contracts).

Funded Live

90/10 split, trader keeps 90%.

Up to 5 Funded Live accounts; you cannot buy new accounts while holding one.

Professional market data fees apply — you're classified professional by the exchange.

Slippage rules apply, and TradeDay can reduce position limits.

The Fast Pass Funded Live buffer, using a $50K example: the account starts at $0 with a −$1,500 floor. Grow to $2,000 and the floor trails to +$500, which locks as your protected slippage buffer. You can then withdraw, but must leave more than $500 to have anything to trade with. If the balance touches $500, the account closes and the remainder is paid out.

TradeDay itself has no inactivity policy.

Prohibited Trade Practices

All first payout requests are security-screened before release. The full list is long; the items most likely to catch a legitimate trader unawares:

• More than 200 trades in a day via automated high-frequency scalping.
• Order splitting — multiple orders at the same price at the same time.
• Bracketing data releases to exploit the absence of slippage.
• Trading in gapped, illiquid markets to profit from stray fills.
• Trades outside the best bid or offer, or on an external/slow data feed.
• Third-party trading bots, or multiple users running the same bot.
• VPN or VPS used to mask location.
• Hedging — long in one account, short in another on the same product.
• Multiple usernames or email addresses.