When a trader successfully completes the evaluation, they are given the choice to go into either a Funded Sim account or a Funded Live account.
A Funded Live account is a trading account that is a sub-account of our master account at our broker. You are given the power of authority to trade over it.
You are trading the live markets, and as you are trading our money, you will be considered a professional by the Exchange.
Here are the features of the Funded LIVE account:
- You are trading in the live markets on the Exchange.
- Setting up takes around five days because the broker and clearing firm have time-consuming processes (such as KYC and AML background checks).
- You must purchase the professional market data feed to trade the account (Currently $135 per month, per Exchange).
- All Funded Live accounts are subject to the slippage rules to help TradeDay manage our risk from slippage. age rule
- TradeDay has a one-off setup fee for both Funded Sim and Funded Live accounts of $139. Funded Live traders will still be subject to the monthly professional market data fee. (Any trader with an evaluation subscription from before December 1st, 2023, will have their funded account set up for free).
Funded Live returning traders.
Traders previously on the Funded Live accounts that are returning to TradeDay, may be asked to enter the Funded Sim, allowing the trading group to better manage its risk and assess your ability.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article