Quick Pay and Fast Pass Funded live trading rules

• The trading rules for Quick Pay Funded Live and Fast Pass Funded Live are the same as those that apply during the Evaluation. This includes all prohibited trading practices.

• Traders are also subject to the applicable slippage rules and price limits and circuit breakers.

• The existing Funded Sim account will be closed and a new Funded Live account will be opened with a $0 starting balance.

Fast Pass Funded Live account

The same End-of-Day (EOD) drawdown will be assigned from the original evaluation account tier.

Funded Live accounts will begin with the same position limits originally assigned to the Funded Sim account:

$50K Account: 2 contracts

$100K Account: 3 contracts

$150K Account: 4 contracts

Any future increases to position limits will be granted solely at the discretion of the TradeDay trading team.

Funded Live Account Limits

Each trader may hold a maximum of 5 Funded Live accounts at any given time.

Withdrawals and Profit Split

How the buffer works: 

Every Funded Live account starts at $0. Using a $50K account as an example, the TMD is $1500, so the floor starts at -$1500. As your balance grows, the floor trails up dollar-for-dollar. To clear the buffer, you need to grow the account to $2000, which moves the floor from -$1500 up to +$500. That +$500 is your slippage buffer, now locked in and protected.

When you can actually withdraw: Once you've cleared the buffer at $2000, you can withdraw. Part of this ($500) is your protected buffer, not tradable capital, so you need to leave more than $500 in the account to have actual money to trade with on top of it. For example, you could withdraw $500, leaving a $1500 balance: $500 of that stays protected as your buffer, and the remaining $1000 is what you trade with. The account balance can never touch or drop below $500. If it does, the account closes and what's left of the $500 is paid out to you.

All withdrawals from Funded Live accounts are subject to a 90/10 profit split, with the trader receiving 90% of profits.

Quick Pay Funded Live account

The amount of profits carried over can vary regardless of the account size purchased. Therefore, contract size and slippage limits are determined based on the balance carried over into the Funded Live, as outlined below:

Note: Profits that are moved from a Quick Pay Funded Sim account to a Funded Live account will be subject to the Quick Pay payout policy at the point of transition to Funded Live. 

Tradeday's head of trading reserves the right to review and increase/decrease the allowed limit to a user depending on their performance or review.

How does the payout split work?

For Quick Pay, the payout split is based on the balance carried over into the funded live and any profit earned above that balance.

• If a trader reaches the Funded Live with only the required buffer amount and has no additional profit above the buffer, any payout requested is subject to a 50% split.
• Any profit earned above the required buffer is subject to a 90% split.

Example: If the required buffer is $3,000 and the trader has $3,000 available when requesting a payout, the payout is subject to a 50% split. If the account has $4,000, the $3,000 buffer portion is subject to the 50% split, while the additional $1,000 profit above the buffer is subject to the 90% split.