TradeDay vs Elite Trader Funding
In-depth comparison of TradeDay and Elite Trader Funding. Compare pricing, evaluation rules, payout structures, and platforms to choose the best prop firm for your trading style.
TradeDay
Elite Trader Funding
Quick Comparison
| Feature | TradeDay | Elite Trader Funding |
|---|---|---|
| Rating | 4.5/5 | 4.6/5 |
| Starting Price | $169/mo | $139/mo |
| Evaluation Phases | 2 phases | 1 phase |
| Profit Target | 6% | 6% |
| Max Drawdown | 5% | 5% |
| Profit Split | 80% | 85% |
| Payout Frequency | Bi-weekly | Weekly |
| Platforms | RithmicTradovateNinjaTrader | RithmicTradovate |
Pricing
TradeDay starts at $169/mo while Elite Trader Funding starts at $139/mo. Elite Trader Funding offers more affordable entry points.
Evaluation Rules
TradeDay has 2 phase(s) with 5% max drawdown. Elite Trader Funding has 1 phase(s) with 5% max drawdown. Elite Trader Funding has more lenient evaluation rules.
Payout Structure
TradeDay offers 80% profit split with Bi-weekly payouts. Elite Trader Funding offers 85% with Weekly payouts. Elite Trader Funding provides better profit sharing.
Platform Options
TradeDay supports 3 platform(s): Rithmic, Tradovate, NinjaTrader. Elite Trader Funding supports 2 platform(s): Rithmic, Tradovate. TradeDay offers more platform flexibility.
TradeDay - Pros & Cons
Pros
- Multiple platforms
- Good pricing
Cons
- Two-phase
- Standard rules
Elite Trader Funding - Pros & Cons
Pros
- 85% split
- One-phase
- Weekly payouts
Cons
- Higher pricing
- Newer firm
Final Verdict
Based on our comprehensive analysis, Elite Trader Funding edges ahead with a 4.6/5 rating compared to 4.5/5.