A futures sim-funder run by ex-institutional traders, with NO daily loss limit, no funded consistency rule, and a choice of intraday or end-of-day trailing drawdown. The catches are forced news auto-liquidation (positions market-closed 2 min before Tier 1 releases), day-trading-only (no overnight/weekend), no platform APIs, and a 50/50 split on the first $4,000 of profit.
A credible, institution-built futures firm with no daily loss limit and no funded consistency rule — but forced news liquidation, day-trading-only, and a 50/50 split on your first $4k temper the appeal.
Pros
NO daily loss limit and NO consistency rule once funded
Choice of intraday or end-of-day trailing drawdown; trail freezes at your starting balance
Native automation allowed on NinjaTrader/Tradovate/TradingView/Quantower/Jigsaw
Watch out
News is force-liquidated: all positions market-closed 2 min before Tier 1 releases, reopened 2 min after
Day-trading only — no overnight or weekend holding
No platform APIs (bridge tools don't work) and third-party purchased bots are forbidden
Best for: Futures day traders who want no daily loss limit and no funded consistency rule, trade natively (not via API bridges), and don't need to hold through news or overnight.
Bottom line: One of the more trustworthy futures firms; just plan around forced news liquidation, the day-only rule, and the 50/50-on-first-$4k split.
Choose at purchase from three types: Intraday TMD (trails your peak intraday equity, including open-trade highs), EOD TMD (trails realized profit at the 16:00 CT close — doesn't follow intraday spikes), or Static. Dollar amounts: $2,000 / $3,000 / $4,500 for $50K / $100K / $150K. All trailing variants trail up only until the line reaches your starting balance, then freeze permanently as a static floor at the starting balance.
Gotcha: On the Intraday option an unrealized spike raises your floor and a pullback can breach you without ever realizing the profit; the EOD option avoids this.
None. TradeDay has no daily loss limit on any plan — the only loss constraint is the max drawdown. This is marketed as a key differentiator (EOD trail + zero daily loss + zero funded consistency).
Evaluation only: a single day's profit must not exceed 30% of the profit target on Quick Pay, or 45% on Fast Pass. There is NO consistency rule once funded (neither Funded Sim nor Funded Live).
Gotcha: Many firms gate payouts on consistency forever — TradeDay drops it entirely once you're funded.
Tier 1 news trading is banned by forced auto-liquidation: the system market-closes all open positions 2 minutes BEFORE a Tier 1 release and reopens trading 2 minutes AFTER. Tier 1 events (CT) include FOMC (1:00 PM), CPI (7:30 AM), NFP/Employment (7:30 AM), EIA crude/natural-gas inventories and crop reports. Accidental breaches don't fail you, but abusing the policy loses the account.
Gotcha: You cannot hold through Tier 1 events even if you want to — positions are force-closed at market 2 minutes prior.
Automation is allowed only on supported platforms (NinjaTrader, Tradovate, TradingView, Jigsaw, Quantower). No platform APIs are exposed, so external bridge tools (TradersPost, CrossTrade) don't work. Third-party purchased bots are forbidden — you may build/run your own native automation. Copy/coordinated trading is banned: if multiple users place the same trades, all accounts are shut down.
Gotcha: No APIs means popular bridge tools won't connect, and buying a third-party bot is prohibited even on supported platforms.
Prohibited: more than 200 trades per day, HFT / mass-data-entry scalping, order splitting (multiple orders at the same price simultaneously), hedging (long in one account, short in another for the same product), trading within 2% of a daily price limit, spoofing/layering, using VPNs to mask location, and multiple accounts under different names. Profits from prohibited practices are confiscated.
Gotcha: The >200-trades/day cap and the 2%-price-limit rule are obscure but enforced — and profits from any violation are confiscated.
Minimum payout $250; requests before 5:30 PM process the next business day. Profit split is PER ACCOUNT (not lifetime): on Funded Sim, 50/50 on the first $4,000 of gross profit, then 80/20; on Funded Live, 90/10. Quick Pay requires equity above the buffer (starting balance + max drawdown) to withdraw; Fast Pass Funded Sim has no buffer but caps payouts at 50% of balance with ceilings of $2,000/$2,500/$3,000. Fast Pass moves to Funded Live on the 5th payout. US wire free; international $15; crypto $2.50/free.
Gotcha: You keep only half of your first $4,000 of profit (50/50) before the 80/20 band kicks in — and splits are per-account, so a re-bought account resets your tier.
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Informational and comparison content only — not financial advice and not affiliated with TradeDay. Rules change often; verify against TradeDay's official terms before relying on any detail. Last reviewed Jun 5, 2026.
