Multiple Accounts

• Traders can have up to 6 accounts at any one time.

• The maximum number of active Funded Sim accounts is 3 (If a trader passes 6 evaluations, 3 will be queued, while the other three will be active).

• Traders can have multiple accounts across different evaluation tiers and drawdown types.

• Traders can have up to 5 Funded Live accounts. When in Funded Live, you will not be able to purchase additional accounts.
   
• Traders can use a copy trader to copy trades from their personal account elsewhere into their TradeDay evaluation and Funded accounts.

Number of multiple accounts and signing up

Traders can have up to 6 accounts at any one time. The total is calculated across all evaluation account types. 

If a trader passes more than 3 evaluations, only 3 of these will be moved to Funded Sim status. Any additional passed evaluations will be queued and moved to an active Funded Sim only when one of the 3 Funded Sim accounts is lost or when Funded Sim accounts are moved to Funded Live.

If a trader has an active Funded Live account, they will not be able to purchase additional accounts until they have been off-boarded from the Funded Live. 

Trading platforms

Traders can only have multiple accounts on one trading platform. A trader cannot split the trading account across different trading platforms (for example, you cannot have a 50k evaluation on Tradovate and a 50k evaluation on Rithmic).

Evaluation tiers and Drawdowns

There are no restrictions on having multiple accounts across different drawdown types or evaluation tiers. However, as mentioned above, they all need to be on the same platform. 

Multiple accounts and Funded Sim Thresholds

Upon reaching each of the Quick Pay Funded Sim thresholds (see FAQ here), each Funded Sim account will be evaluated separately, and the Head of Trading will make a decision on whether to extend or to transition individual or multiple accounts to a Funded Live account. There is no threshold for Fast Pass Funded Sim accounts. 

Multiple accounts and Funded Live accounts.

Traders can have up to 5 Funded Live accounts. When moving from Funded Sim to Funded Live, the profits from each Funded Sim account will be moved into a new Funded Live account. The position limits for the Funded Live will be the same as those for the Funded Sim that passed, but they may be reduced to reflect the account balance and risk.

If the trader already has 5 Funded Live accounts, any additional Funded Sim accounts will have their balance merged with an existing Funded Live account. The position limits for the Funded Live account will be set at the highest level among the Funded Sim accounts from which the trader is graduating, but they may be reduced to reflect the account balance and risk.

TradeDay reserves the right to reduce position limits based on withdrawals and losses.

Example: 

• User passes 6 evaluations.
• Takes x3 to activate Funded Sim, x3 left paused Funded Sim.
• x3 active Funded Sims are then graduated to x3 Funded Live accounts.
• The trader then trades the x3 Funded Sims that were paused, now active (plus has x3 Funded Live).
• The trader has x2 active Funded Sim graduated to Funded Live.
• Now has x1 active Funded Sims and x5 active Funded Live accounts.

Traders can only have x5 Funded Live accounts, as this is a limitation set by NT.

How to get set up on Multiple Accounts

Each new account is purchased as a new subscription and is managed separately. After you have signed up for your initial evaluation, you can add a new account by creating a new subscription. The easiest way to do this is to log in to the member’s area and select "ADD SUBSCRIPTION" from the top-right profile menu.

Full instructions on how to purchase and set up can be found in the member’s area on this page here.

Hedging 

Hedging is prohibited at TradeDay (the practice of simultaneously going long in one account and short in another account for the same product). Users caught hedging will be offboarded and suspended, and will forfeit all profits in funded accounts. 

Do you need a trade copier?

TradeDay has secured discounts on trade copying software for our traders.

If you are interested in trade copying across different accounts, some platforms have built-in trade copiers (for example, Tradovate, and Quantower). However, if you need to purchase one, we recommend the copiers below.

Before purchasing one of these trade copiers, please ensure that it offers the features you require and is compatible with your setup. You will need to contact their support for help with this.

Tradesyncer Get 10% off with code: TDTC

Flowbots Replikanto Get 20% off with code: tradeday 

Expert Trading Programmers Get $25 Off  with code: TradeDay25OFF or $50 Off with code: TradeDay25