If I pass the Evaluation Challenge am I guaranteed funding?

• You must have completed the objectives of the evaluation, without breaking the rules.

• You must not be in breach of our prohibited trade practices.

• You must clear the broker's background checks.

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When you have passed the evaluation we start the review of your trading to ensure everything is in order, this takes no longer than 1 hour.

After approval, we suspend all membership fees and start the process of opening an account for you.

If you choose the Funded Sim option, you can start trading as soon as you complete the four steps to onboarding.

If you choose the Funded Live option, we aim to complete the account opening process within 5 days. 

It is rare that we deny funding after the trade review, but on occasion, it does happen. These are the main reasons why traders get denied funding after completing the objectives of the evaluation:

Traders sitting in the funding zone

Traders using prohibitive trade practices and gaming the sim algorithm 

Traders engaged in high-frequency scalping 

TradeDay reserves the right to fund a trader who has been found to be in breach of our prohibited trade practices. 

Background Checks.

During this process our broker and clearing firm will run a KYC (Know Your Customer) and AML (Anti Money Laundering) check. They will also require a utility bill or bank statement as proof of address, and a government-issued ID.

If you cannot provide these documents, or fail these background checks (for example, if you are a convicted felon) we will not be able to proceed with opening the funded account, and you will not be eligible for any refunds. 

Thank you for your understanding.