TradeDay Review 2026: Quick Pay vs Fast Pass, Costs and Payouts

This TradeDay review covers a Chicago futures prop firm that sells monthly evaluations, called Quick Pay and Fast Pass, for accounts from 25K to 150K. An evaluation is a simulated trading test that a trader has to pass before TradeDay shares any profit.

TradeDay was founded in 2020 and offers CME Group futures only. The TradeDay figures below were read from its own pages on 14 October 2026 and checked again on 21 October 2026.

TradeDay in numbers

TradeDay sells two evaluation paths in four sizes, and each one is billed every 30 days until the trader passes or cancels.

• ›Company. TradeDay LLC, an Illinois limited liability company with an office at 412 S. Wells in Chicago.
• ›Platforms. Tradovate accounts with NinjaTrader, TradingView or Jigsaw, or Rithmic accounts with 13 platforms such as Quantower, at the same price.
• ›Markets. 41 CME Group futures products across stock indices, currencies, interest rates, energy, metals and farm goods.

How TradeDay's Quick Pay and Fast Pass evaluations work

Both paths share the same targets, drawdown sizes and contract limits, and they differ in drawdown timing, consistency and payout rules.

The profit target is the net profit, after simulated commissions, that passes the evaluation. It is $1,500, $3,000, $6,000 or $9,000 by size, with no time limit.

Funded Sim is the first funded stage, a simulated account whose payouts are worked out from simulated profit. Funded Live is a sub-account of TradeDay's master account at the broker, trading in the live market at a 90/10 split.

Position limits are 2, 5, 10 or 15 minis by size, where 10 micro contracts count as one mini and 50 micros is the ceiling. A trader can hold up to 10 accounts, with at most 5 active in Funded Sim.

What TradeDay costs each month

With code PROPFT, PropFirmTrading's data puts the monthly fee at $40 for a 25K Quick Pay Intraday and $212 for a 150K Fast Pass.

List prices run from $100 to $530 a month. TradeDay's own site promotes code TDNEW at 55% off Quick Pay and 50% off Fast Pass, which sets the 50K Quick Pay Intraday at $59.

PropFirmTrading lists PROPFT at 60% off every monthly evaluation fee, renewals included. PROPFT is not shown on TradeDay's public pages, and a rounded checkout may read $53 or $76 where the table shows $52.40 or $75.60.

• ›Resets. A paid reset restarts a failed evaluation at once for $45 to $265, or the next renewal restarts it with no reset fee. No public page says whether PROPFT lowers the reset price.
• ›Refunds. None after purchase, apart from a forgotten renewal claimed within 72 hours with no trading since, minus 20%.
• ›Commissions. Simulated commissions count against the target, at $2.88 per side on an E-mini S&P 500 contract and $0.95 on the micro.

If each discount applies at every renewal, three months on a 50K Quick Pay Intraday evaluation cost $157.20 with PROPFT, against $177 with TDNEW. Prices for all 12 accounts are on the TradeDay discount code page.

What fails or closes a TradeDay account

TradeDay calls the trailing maximum drawdown the only rule that fails an evaluation, while banned practices and several other events can still end an account.

How the trailing drawdown moves

A trailing maximum drawdown is a loss floor that rises with the account's highest balance. The intraday version counts open profit in real time, and the end-of-day version moves the floor only at the 4:00 PM CT close.

Even on end of day, TradeDay liquidates a position that takes equity below the current floor during the session. On every plan, the floor stops rising at the starting balance, so a 100K floor that starts at $97,000 freezes at $100,000 once the balance reaches $103,000.

In Quick Pay Funded Sim, the floor trails gross profit, so a payout never lowers it. On a 50K account, $500 of profit lifts the floor to $48,500, and a $500 payout then leaves $1,500 of room.

Consistency, hours and news

TradeDay's consistency rule compares the best single day with all the profit made so far. A day above 30% of total profit on Quick Pay, or 45% on Fast Pass, raises the target instead of failing the account.

A $1,200 best day on a 50K Quick Pay therefore lifts the $3,000 target to $4,000, the best day divided by 30%.

TradeDay permits day trading only, so no position stays open past a session's close, and it closes open positions at 3:50 PM CT. Positions also close 2 minutes before Tier 1 releases, the reports and Federal Reserve events on TradeDay's list, such as US CPI and Non-Farm Payrolls. Trading reopens 2 minutes after each one.

Accidental breaches of these windows or of position limits do not fail an account, while repeated ones do. Position limits, news windows and banned practices are set out on the TradeDay rules page.

How TradeDay pays funded traders

Quick Pay accounts can ask for a payout after one funded trading day, while Fast Pass accounts first need five profitable days.

• ›Quick Pay. Profit above the starting balance can be withdrawn daily from $250, with no buffer. A payout that crosses $4,000 is split in parts, so $3,000 taken from $6,000 of profit pays $1,600 plus $500.
• ›Fast Pass. Each cycle needs 5 profitable days of $100 to $250 by size, then pays up to $750, $1,500, $1,875 or $2,250.
• ›Processing. Requests made before 5:30 PM CT are handled within 24 hours on business days, although one article gives the cut-off in Eastern Time.
• ›Riseworks. Payouts go through Riseworks, a payments platform. US wires are free, international wires cost $15, and crypto has its own fees.

The first payout request goes through a trade review for prohibited practices. On the first Fast Pass request, the drawdown floor also moves up to the starting balance and stays there.

A Quick Pay Funded Sim account pauses at $10,000 of gross profit for an overnight review, and profit above that level is removed. Most traders then move to Funded Live, where professional market data costs $156 a month per exchange.

Payout evidence on TradeDay's site

TradeDay shows payout certificates and a running total, but it publishes no ledger that an outsider could check.

The ten certificates add up to about 1.5% of the $10M+ headline. TradeDay names no wallet or payout list, so the totals rest on its own statements.

No TradeDay account was bought, traded or taken to checkout for this review, so PropFirmTrading holds no payout record of its own.

Is TradeDay legit?

TradeDay has operated since 2020 under published terms, discloses a pass rate and pays through a third-party processor, and it is not regulated as a financial firm.

• ›Entity. TradeDay LLC, an Illinois limited liability company, according to its terms. PropFirmTrading did not query the Illinois business registry.
• ›Founders. James Thorpe, the CEO, and Steve Miley, the COO.
• ›Regulation. TradeDay calls itself a trader evaluation service, not a broker, futures commission merchant (FCM) or commodity trading adviser (CTA).
• ›Disputes. Illinois law, binding arbitration in Chicago and a class-action waiver.
• ›Countries. 83 entries on the restricted list. German citizens and Canadians outside Ontario can stay in Funded Sim but cannot move to Funded Live.

Funding is not guaranteed after a pass. TradeDay first reviews the trades and runs identity checks, known as KYC. It may also offboard a German or Canadian Funded Sim account that its Head of Trading judges a higher risk.

Trustpilot score and rewarded reviews

TradeDay held a Trustpilot score of 4.6 from 1,446 reviews in PropFirmTrading's hand check of 14 October 2026. Trustpilot is a public site where customers rate companies from one to five stars.

TradeDay's Learn and Earn scheme gives 20 points for a Trustpilot review and 20 for a Google review. Each point is worth $1 toward resets, though not toward the monthly fee, so some of the reviews may have been written for account credit.

PropFirmTrading has not yet analysed TradeDay's individual trader reviews, so this page carries no trader rating of its own.

Where TradeDay's pages disagree

PropFirmTrading logged more than a dozen points on which TradeDay's own pages disagree, most of them in older help text. The eight below affect prices, rules or money.

Where the pages differ, this review follows the pricing cards and the rules articles. TradeDay support can be asked to confirm any of these points in writing before a purchase.

TradeDay product and rule changes

TradeDay rebuilt its programs as TradeDay 2.0 in 2026 and has changed sizes, account caps and discounts several times since.

PropFirmTrading's weekly change watcher found no change to TradeDay's pricing, help centre, terms or blog in its run of 19 October 2026.

TradeDay against other futures prop firms

TradeDay is one of three futures firms that PropFirmTrading's data records as billing monthly, next to Topstep and the Elite Daily plan at Top One Futures.

Six other futures firms in PropFirmTrading's data record a one-off evaluation fee instead. The table sets TradeDay's cheapest 50K plan beside five other tracked firms.

The Quick Pay opening split of 50% is the lowest first tier in this group, where the other five firms start at 80% to 100%. Against that, TradeDay charges no activation fee, sets no daily loss limit and pays from the first funded day.

Founded in 2020, TradeDay is the oldest tracked futures firm after Topstep, which dates from 2012. In PropFirmTrading's hand-checked Trustpilot data, the six firms in the table score from 3.6 for Topstep to 4.9 for My Funded Futures, with TradeDay at 4.6.

Which trading styles fit TradeDay

TradeDay fits intraday futures traders who want no daily loss limit and early payouts, and who accept a monthly fee and a low opening split.

Traders can weigh the months a pass may take against the fee, and the Quick Pay split against the Fast Pass cap.

Commission disclosure for TradeDay

PropFirmTrading is paid a commission on TradeDay evaluations bought through its link or with code PROPFT.

PROPFT lowers the monthly fee and leaves TradeDay's rules and payout terms unchanged. Current fees for every plan and size are on the TradeDay discount page.

TradeDay review change log

• ›21 Oct 2026. Initial publication, based on TradeDay's pricing cards, all 85 help articles and the terms last modified 11 August 2026.