What is Quick Pay?

Quick Pay is TradeDay's core evaluation program. It's built for traders who want to prove themselves over a short track record and start withdrawing profits as early as their first day in a funded account. The structure runs in three stages: you pass an evaluation, you move into a Funded Sim account where you trade and take payouts, and once you've shown you can manage the account profitably, you progress into a Funded Live account.

The Evaluation

Quick Pay comes in three account sizes, and each is available with either an Intraday or End of Day trailing drawdown:

To pass, you need to do three things. 

1. First, trade for a minimum of 5 trading days if you hit the profit target early, keep going, because we want to see a 5-day track record.
   
   
2. Second, reach the profit target, which is your total net profit across the evaluation.
    
3. Third, stay consistent: no single day can account for more than 30% of your total profits.
   
   

There's only one rule on the risk side: don't hit or exceed the maximum drawdown. Do that and the evaluation is over. There are no activation fees, and resets are available if you need a fresh start.

The Funded Sim Account

Once you pass, you move into a Funded Sim account with the same drawdown and position limits as your evaluation. There are no milestones, no consistency requirement, and no payout buffer. You can request your first payout after just one day of trading, and you can withdraw at any time as long as your account balance is positive. The minimum payout request is $250, and requests submitted before 5:30pm are processed the next business day.

How Payouts and Profit Splits Work

Profit splits on Funded Sim accounts are tiered based on current profit in the account.

Below the $4,000 current profit level, payouts are split 50/50. Above $4,000, the split improves to 80/20 in your favour, but only if the payout still leaves more than $4,000 in current profit in the account after the withdrawal.

If a single payout crosses the $4,000 line, it's split proportionally. For example, say you have $6,000 in current profit on a 50K account and request a $3,000 payout. The first $2,000 of that request sits above the $4,000 level and pays out at 80/20 (you receive $1,600), while the remaining $1,000 falls below it and pays out at 50/50 (you receive $500), for a total payout of $2,100.

Each funded account is evaluated independently, if you hold multiple funded accounts, the splits and thresholds are calculated per account, not across your lifetime withdrawals.

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Full details on Quick Pay payouts can be found here.

The Path to Funded Live

Every Quick Pay Funded Sim account is reviewed for a move to Funded Live when it reaches $10,000 in gross profit. This is important to understand in advance: when you hit that level, stop trading. On the day you reach $10,000, your account access will be automatically paused during the End of Day run (4:30pm CT) and reviewed by the trading team overnight, usually completed before the cash market opens the next day.

Any profits above the $10,000 level will be removed and the balance revised back to the threshold, they won't be eligible for payout, transfer, or extension. So there's no benefit to pushing past it, and real cost in doing so.

In most cases, the review results in a move to Funded Live. On rare occasions, a trader may be offered an extension to continue in Funded Sim, and in equally rare cases, TradeDay may move a trader directly to Funded Live straight off the back of their evaluation, based on their history with the firm.

Full details on the Quick Pay funded live route can be found here.

Funded Live

Funded Live is the destination of the program. Withdrawals from Funded Live accounts are subject to a 90/10 profit split, with you keeping 90%. Traders can hold up to 5 active Funded Live accounts at a time. This is the heart of our philosophy: we'd rather move successful traders into a live environment than keep them in simulation indefinitely.

If you lose a Funded Live account, you'll enter a mandatory 3-month cooling-off period during which you won't be eligible to participate in TradeDay evaluations. Once it ends, you can apply for new evaluations by emailing FundedTrader@TradeDay.com.