A Comparison of TradeDay and FundedNext Funded Trading Programs

Introduction:

As experienced traders who have had the opportunity to trade with both TradeDay and FundedNext funded trading programs, we at WhichFunded understand the importance of finding the right platform to pursue your trading career. In this blog post, we will compare these two prominent firms, highlighting their key features and benefits to help you make an informed decision.

Prop Firm Details Funded Next TradeDay
Year Founded 2022 2020
Maximum Balance $4,000,000 $250,000
Tradeable Assets Forex
Indices
Metals
Commodities
Equity Futures
Forex Futures
Agricultural Futures
Energy Futures
Metals Futures
Challenge Type One-Step Evaluation
Two Step Evaluation
One-Step Evaluation
Trading Platforms MT4 NinjaTrader
Tradovate
Jigsaw Daytradr
Trading Hours Holding Overnight
Holding Over Weekend
Copy Trading
News Trading
EAs
Trust Pilot Rating⭐ 4.6 / 5.0 4.6 / 5.0
Trust Pilot Reviews 3,923 100
Payment Types Wire Transfer
Paylpal
Crypto
Payoneer
Coinbase
Revolut
Wise
Wire Transfer
Paylpal

One Step Rules FundedNext TradeDay – 10k
Profit Target 25% 10%
Max Daily Loss 5%
Max Daily Drawdown
Max Loss 10%
Max Drawdown 5%
Minimum Trading Days 10 10
Maximum Trading Days
Profit Split 60%, up to 90% 90%

Evaluation Process:

Both TradeDay and FundedNext have evaluation processes in place to assess traders’ skills and suitability for funding. TradeDay’s evaluation challenge focuses on fundamental trading skills, including strategy development, risk management, and discipline. FundedNext offers three funding models, each with its own evaluation process tailored to traders’ preferences. This variety allows traders to choose an evaluation process that aligns with their trading style and goals.

Funding and Profit Sharing:

Upon successful completion of the evaluation, both TradeDay and FundedNext provide traders with funded trading accounts. TradeDay offers attractive benefits, such as keeping the first $10,000 in profits and receiving 90% of the profits thereafter. FundedNext stands out by offering a profit sharing of up to 15% from the profit traders make during the challenge phases. This incentivizes top-performing traders and demonstrates FundedNext’s commitment to rewarding success.

Support and Resources:

Both platforms recognize the importance of support and guidance for traders. TradeDay offers comprehensive support, including educational resources, mentoring sessions, and live streams. Traders also have access to a dedicated trader development area and a vibrant community. FundedNext provides resources and support through its diverse funding models, allowing traders to pursue their goals at their own pace. Additionally, FundedNext ensures a reliable trading environment with its balance-based drawdown calculation and commitment to being the most reliable prop firm.

Trading Conditions:

TradeDay provides a high-performance trading platform that is stable, fast, and accessible across various operating systems. It offers real-time market data, 24-hour market commentary, and technical analysis research from MarketChartist. FundedNext prioritizes offering the best trading conditions, including raw spreads, low commissions, and a wide range of tradable instruments. These favorable trading conditions enhance traders’ potential for success.

Conclusion:

Both TradeDay and FundedNext funded trading programs have their unique strengths and benefits. TradeDay offers a clear path to becoming a funded trader, attractive profit-sharing options, and comprehensive support resources. FundedNext provides diverse funding models, generous profit sharing, and a commitment to delivering the best trading conditions. Whether you prefer a structured approach or flexible trading options, both platforms provide the necessary resources and support to help you thrive in your trading journey.

At WhichFunded, we understand that choosing the right funded trading program is crucial for your success. We encourage you to carefully evaluate your trading goals, preferences, and the features offered by each platform before making a decision. Remember, finding the right fit for your trading style and aspirations is key to maximizing your potential in the markets.

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