Introduction:
In this blog post, we will compare two prominent firms in the trading industry: TradeDay Funded Trading Program and FTMO Prop Trading Firm. As traders who have experienced both platforms, we will provide an unbiased analysis of their features, evaluation processes, funding options, support systems, and overall value. Let’s dive into the comparison and explore which platform might be the right fit for you.
| Prop Firm Details | FTMO | TradeDay |
| Year Founded | 2014 | 2020 |
| Maximum Balance | $2,000,000 | $250,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Equity Futures Forex Futures Agricultural Futures Energy Futures Metals Futures |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
NinjaTrader Tradovate Jigsaw Daytradr |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ✅ |
| News Trading | ✅ | ❌ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.9 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 4,408 | 100 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Wire Transfer Paylpal |
Evaluation Process:
Both TradeDay and FTMO have rigorous evaluation processes to assess traders’ skills and discipline. TradeDay’s evaluation includes the Evaluation Challenge program, which focuses on developing a profitable strategy, risk management, and discipline. FTMO’s evaluation consists of the FTMO Challenge and Verification stages, designed to identify trading talents. Both platforms provide traders with the necessary tools and resources to succeed during the evaluation process.
Funding and Profit Sharing:
TradeDay offers attractive benefits to funded traders, including keeping the first $10,000 in profits and receiving 90% of the profits thereafter. FTMO provides traders with the opportunity to manage an FTMO Account with a balance of up to $400,000. They offer a payout system with competitive profit splits, including the possibility of increasing the account balance and changing the payout ratio through the Scaling Plan. Both platforms offer flexibility in managing earnings and provide traders with the opportunity to grow their trading capital.
Support and Guidance:
Both TradeDay and FTMO understand the importance of support and guidance for traders. TradeDay offers comprehensive support, including educational resources, mentoring sessions, daily morning meetings, live streams, and a dedicated trader development area. FTMO provides account analysis, unbiased feedback, support from the customer support team, and educational resources through their Trading Academy. Both platforms foster a sense of community where traders can seek advice and share experiences.
Trading Platforms and Instruments:
TradeDay provides a high-performance trading platform that is stable, fast, and accessible across various operating systems. They offer real-time market data, 24-hour market commentary, and technical analysis research from MarketChartist. FTMO offers popular trading platforms such as MT4, MT5, and cTrader, and traders have access to a wide range of trading instruments, including Forex, Indices, Crypto, Commodities, and more. Both platforms aim to provide traders with reliable and feature-rich trading environments.
Membership Fee and Value:
TradeDay operates on a monthly membership fee structure, granting traders access to various resources and support systems. The monthly fee is waived for funded traders, making it a worthwhile investment for those serious about their trading journey. FTMO does not charge a membership fee but instead focuses on the evaluation process and profit-sharing model. Both platforms offer value to traders, and the choice between them depends on individual preferences and trading goals.
Conclusion:
TradeDay Funded Trading Program and FTMO Prop Trading Firm are both reputable platforms in the trading industry. TradeDay offers a comprehensive and supportive environment, attractive profit-sharing terms, and extensive support resources. FTMO provides traders with the opportunity to trade with a significant account balance, competitive profit splits, and additional benefits such as custom trading apps and educational resources. Ultimately, the choice between these platforms depends on your specific needs, preferences, and trading objectives. We recommend carefully considering the features and benefits of each platform to make an informed decision that aligns with your trading goals.
