Elite Trader Funding vs TradeDay
Elite Trader Funding
TradeDay
Computed verdict
TradeDay costs less per unit of risk: $29.5 vs $98.5 per $1,000 of drawdown. On the overall score, TradeDay comes out ahead (90 vs 52).
The verdict is computed from verified data and recomputes when the data changes. It is not an opinion and no commercial arrangement alters it. Methodology
Rule by rule
Multiple drawdown engines by plan: 1-Step uses live intraday trailing where unrealized peaks raise the floor (the firm does not publish a lock level for it); EOD plans move the floor only at close and lock at starting balance + $100; static plans never move.
Trailing drawdown of $2,000 (50K) / $3,000 (100K) / $4,500 (150K), freezing at the starting balance, breached intraday. The intraday-vs-end-of-day method is chosen per account at purchase — Quick Pay is available as either, Fast Pass is EOD-only.
Only the EOD plans ($1,100–$2,200) and Diamond Hands ($1,500) carry a daily limit, and it is hard: touching it, open losses included, fails the account unless you buy the TradeShield add-on.
No daily loss limit was found anywhere on the firm's pages — the only loss mechanism is the trailing drawdown — but the absence is not explicitly confirmed.
Instead of classic consistency, funded payouts use the ATD system: you need 8–10 active days each earning at least MAX($200, 23% of your best day); the 1-Step keeps a classic rule whose percentage the firm doesn't publish.
Consistency applies only in the evaluation: no day may exceed 30% (Quick Pay) or 45% (Fast Pass) of total profits to pass; no funded-stage rule was found.
50K: $3,000 target, $2,000 drawdown, 5-day minimum. On Diamond Hands, ETF's own pages disagree on the minimum: the plan page says 5 trading days, the homepage comparison strip says 10 — plan on 10 until ETF settles it.
50K: $3,000 target, $2,000 drawdown, 5-day minimum. Fast Pass: TradeDay's pricing cards say a 3-day minimum; its how-it-works page and rules FAQ say there is none. Plan on 3.
On Elite sim accounts you keep 100% of only the first $12,500 then 90%, with payouts processed every Wednesday and requiring 15 Active Trading Days for the first two cycles then 10 thereafter. LIVE ELITE (uncapped 80/20, $250 min) triggers at whichever comes first: 5 payouts, 50 Active Trading Days, or the $25,000 sim cap.
On-demand payouts processed within 24 business hours, from day one on Quick Pay (minimum $250), at a 50/50 split below $4,000 net profit, 80/20 above it, and 90/10 on Funded Live.
50K: we publish no verified price. ETF's own April-2026 blog says 1-Step "starting at $197" and End of Day "starting at $347"; a third-party guide puts the 1-Step 50K at $165, and the live plan pages contradict both. Resets and funded-stage fees are recorded as open disagreements, so we settle neither.
50K Quick Pay (intraday): monthly subscription ~$125/month (sometimes 50% off), no activation. $60 reset.