I don't mind the Higher Evaluation cost since it's offset by the No Activation fee. 0 payout restrictions is awesome. Most the cons on this list really only hinder the "gambling" traders who want to try to spam evaluation accounts just relying on luck to get funded.
Heaven forbid a funding company want you to be consistently trading the same strategy before giving you their money to trade in a live account. None of your cons are cons to a professional.
Their prices are Top Notch. Because there are no activation fees later. With Apex you might pay $15 - $25 but the activation fee is $140 - $200 so... yeah
with apex you can choose the monthly option for about $100 I think but the good thing is you pay them only if you pass the eval. with Tradeday if you don't pass the eval you just lost the full amount cause you pay upfront.
Hot take because we all love cheap evals, multiple accounts and freedom to size up whenever we want. But in my opinion the clear path to a live account alone gives them the edge, i really wish other props did this. Right now they’re the closest thing to a brick and mortar prop shop and the live account means the more money you make, the more money they make. It’s an incentive for them to want to see you do well as a trader and do right by you, an actual partnership where both the trader and the prop benefit. Not the iffy sim trader relationship the other props have with their traders, where the better you do as a sim trader the worse they do as an online prop shop. Would love to see the other props follow this model to some extent but only time will tell.
Loved the video, nice to get yr overview on the various prop firms. Appreciate your honest efforts. 15mins 20mins 25mins don’t care you covered all the key points that needed to be covered. 😊😊
$20 apex eval accounts i think leads me to bad habbits but idk , plus the trailing stop crap is absurd on apex , idk maybe it me but cool to have other options :)
Nice review, sir. A bit confusing at the end though. Placing the scaling plan in the cons list doesn’t make sense, and is somewhat misleading. in the trader funding industry, a scaling plan usually implies that traders in funded accounts are required to start out trading less contracts than they were allowed in the evaluation. Tradeday starts out the funded accounts with the same amounts of max contracts as the evaluation that was passed. They increase that max with greater profits. Most other funding companies don’t have that feature for their funded accounts
I do not think there is any scaling on funded. Whatever you pass in eval you get in funded. You do have the ability to scale higher to get more contracts though.
Very nice review. I wanted to ask. Can you buy multiple challenges to better the odds of passing? I also wanted to ask you. If you earn a funded account, lets say a 50k funded account, and you make a $1,000, making the balance go to $51,000, the trailing drawdown then at the of the day moves to $49,000. If you withdraw the $1,000, does the trailing drawdown stays put at 49k? Or is it like Apex that your withdrawal affects the Maximum trailing drawdown? Would taking a $1,000 withdrawal make me lose the account?
They only allow 1 account. The one thing I didnt like was. I hit the profit target in 5 days and I had 5 day to go and they emailed me on the 6thnday after I took 1 quick trade and sia d they wouldn't not count that day. They said I had to continue training, they didn't explain exactly what they were looking for..the account had a consistency rule and I had stayed within those days up til passing. They said it was at there discretion if they would count the days based on how I traded the last 5 days and said they could have me start over.
Interesting, from what I understand they want yo to continue trading with the same size and similar amount of trades... I will try and get more clarity on this. (I'm not a big fan of them passing/failing based off of there discretion).
Just don’t flip micros. Make or loose like $100 on the day with positions size more than a couple of micros and more than one trade and more than 5mins on the trade and you should be fine it should bypass whatever filter they have in place
I wonder if the Live Funded Account is tied to our SSN, which would make sense why it would cost that much per month, because we would qualify for 60/40% Tax benefits of trading futures.
You mentioned no Monthly Fee in the video (sorry that i didn't provide the time in video mention) however is that after you are funded there is no Monthly Fee?
on tradeday PA account you can just withdraw the profit you make day 1 ? on apex you have to get over the drawdown to even make money + your left with almost no drawdown after that.
Can you please explain why someone choose's live account instead of funded sim account . As you expain there is an extrac cost of $122 for live account then what benefit it can give to trader ?
tradeday removes your membership cost once you are on live. so if you’re paying $750/mo for 250k, once you go live you are only expected to pay $120/mo. that’s why it’s beneficial to some to take the live account asap.
This would be a PITA hamster wheel... with Apex (and some other firms), if you fail your funded account, just YOLO another eval account to get it (the funded acct) back.. Less "wait time" for the funded account... and then the $122/mo monthly fee? No thanks.
Interested in TradeDay? Click here: members.tradeday.com?aff=TD_NuttyBarTrading
Sir, please tell me which platform you trade on usually? What is your favourite broker? 🙏🏻
@gudda_stream I trade in NinjaTrader and I use a Prop Firm fmas my "brokerage" currently I use Apex
*UPDATE*
THERE IS NOW AN ACTIVATION FEE
UPDATE
ITS GONE😂
@@Horus1133 there's no longer an activation fee?
I don't mind the Higher Evaluation cost since it's offset by the No Activation fee. 0 payout restrictions is awesome. Most the cons on this list really only hinder the "gambling" traders who want to try to spam evaluation accounts just relying on luck to get funded.
Heaven forbid a funding company want you to be consistently trading the same strategy before giving you their money to trade in a live account. None of your cons are cons to a professional.
Their prices are Top Notch. Because there are no activation fees later.
With Apex you might pay $15 - $25 but the activation fee is $140 - $200
so... yeah
with apex you can choose the monthly option for about $100 I think but the good thing is you pay them only if you pass the eval. with Tradeday if you don't pass the eval you just lost the full amount cause you pay upfront.
Hot take because we all love cheap evals, multiple accounts and freedom to size up whenever we want. But in my opinion the clear path to a live account alone gives them the edge, i really wish other props did this. Right now they’re the closest thing to a brick and mortar prop shop and the live account means the more money you make, the more money they make. It’s an incentive for them to want to see you do well as a trader and do right by you, an actual partnership where both the trader and the prop benefit. Not the iffy sim trader relationship the other props have with their traders, where the better you do as a sim trader the worse they do as an online prop shop. Would love to see the other props follow this model to some extent but only time will tell.
Loved the video, nice to get yr overview on the various prop firms. Appreciate your honest efforts.
15mins 20mins 25mins don’t care you covered all the key points that needed to be covered. 😊😊
$20 apex eval accounts i think leads me to bad habbits but idk , plus the trailing stop crap is absurd on apex , idk maybe it me but cool to have other options :)
Agreed, 100%
One important point.After you make 5k they automatically will move you yo A live account.You cant stay forever on Sim account
Do you have Pro and Con video on Topstep? I could not find in your video. Thank you. Thank you for TradeDay Pro and Con video.
Nice review, sir. A bit confusing at the end though. Placing the scaling plan in the cons list doesn’t make sense, and is somewhat misleading. in the trader funding industry, a scaling plan usually implies that traders in funded accounts are required to start out trading less contracts than they were allowed in the evaluation. Tradeday starts out the funded accounts with the same amounts of max contracts as the evaluation that was passed. They increase that max with greater profits. Most other funding companies don’t have that feature for their funded accounts
Great point, and I was incorrect on that.. technically Tradeday doesn't have a scaling plan. My mistake!
@@nuttybartrading All good, just didn't make sense. Like what you're doing with your channel. Best of luck to you, sir
i like that 20/20 risk management will possibly help traders get out of a dd
Thank you bro you saved me time to over look
I do not think there is any scaling on funded. Whatever you pass in eval you get in funded. You do have the ability to scale higher to get more contracts though.
you do have the ability of scaling, every 10k or something
Very nice review. I wanted to ask. Can you buy multiple challenges to better the odds of passing?
I also wanted to ask you. If you earn a funded account, lets say a 50k funded account, and you make a $1,000, making the balance go to $51,000, the trailing drawdown then at the of the day moves to $49,000. If you withdraw the $1,000, does the trailing drawdown stays put at 49k? Or is it like Apex that your withdrawal affects the Maximum trailing drawdown?
Would taking a $1,000 withdrawal make me lose the account?
My Nutty , how many account can have in funded stage ?
Great video, clearly explaining everything.
They only allow 1 account. The one thing I didnt like was. I hit the profit target in 5 days and I had 5 day to go and they emailed me on the 6thnday after I took 1 quick trade and sia d they wouldn't not count that day. They said I had to continue training, they didn't explain exactly what they were looking for..the account had a consistency rule and I had stayed within those days up til passing. They said it was at there discretion if they would count the days based on how I traded the last 5 days and said they could have me start over.
Interesting, from what I understand they want yo to continue trading with the same size and similar amount of trades... I will try and get more clarity on this. (I'm not a big fan of them passing/failing based off of there discretion).
Just don’t flip micros. Make or loose like $100 on the day with positions size more than a couple of micros and more than one trade and more than 5mins on the trade and you should be fine it should bypass whatever filter they have in place
can you explain in more detail bro . also have you using them too ? if not then which you using @@virtunus7950
Sir, please tell me which platform you trade on usually? What is your favourite broker? 🙏🏻
Scalping is not allowed for example they will not fund you if you scalp for 1or 2 minutes trade...what happened with your trade day account
They have made some changes to the scalping rules and made it more lenient... I was a dummy and went in tilt and blew my TD account
@@nuttybartrading so short term trading like 2 or 3 minutes scalping is allowed or not....thanks man
the question Im not sure about is how do the withdrawals effect the drawdown?
I will try and find out.
So if I’m trading in a simulating account to avoid the 122$ fee in live account… how is the firm making money?
i have opposite question for you, how are you making money then ?😅 if you trade in a simulating account you are not trading with real money
most people will not succeed in the evaluation. That is where they get their money.
after you succeed, you get moved to a real account
I wonder if the Live Funded Account is tied to our SSN, which would make sense why it would cost that much per month, because we would qualify for 60/40% Tax benefits of trading futures.
I believe they tax you under individual contractor when trading under a prop firm unfortunately.
wdym on 122$ live account fee? their website saying "No monthly TradeDay membership fees"
Great video. You covered all the key point in digestible chunks.
You mentioned no Monthly Fee in the video (sorry that i didn't provide the time in video mention) however is that after you are funded there is no Monthly Fee?
Topstep and tradeday go hand in hand. Besides the activation fee and profit target .
on tradeday PA account you can just withdraw the profit you make day 1 ? on apex you have to get over the drawdown to even make money + your left with almost no drawdown after that.
Yes, you can... no restrictions
Daily loss limit is 20/20 in funded live so yeah. There is a daily on funded accounts
ur affiliate link is broken in the description.
Thank you Nick.. looking into it now.
Thank you for your review., but to many rules to trade. Such as no news trading? hahaha. That is when I make all my money.
what does it mean by draw down loss limt ?
NB on top of his game!
Can you trade the open? thx
Why wasn't the $250K account covered with a profit target of $12,000?
thanks for the detailed explanation
Can you please explain why someone choose's live account instead of funded sim account . As you expain there is an extrac cost of $122 for live account then what benefit it can give to trader ?
There really is no benefit, other than your trading on the live market, for some that's a big deal
tradeday removes your membership cost once you are on live. so if you’re paying $750/mo for 250k, once you go live you are only expected to pay $120/mo. that’s why it’s beneficial to some to take the live account asap.
This was great thank you
Nut House lets go!!!
consistency rule is nonsense, in reality sometimes you don't see any good trades so do less trades...
Agreed, some days I will take 0 trades others I can’t choose what setups to take
This would be a PITA hamster wheel... with Apex (and some other firms), if you fail your funded account, just YOLO another eval account to get it (the funded acct) back.. Less "wait time" for the funded account... and then the $122/mo monthly fee? No thanks.
Did you do Topstep review? I think its better
I have not, but I plan too..
Drink some water
😂😂😂
lol
APEX is WORST
Apex is still a better choice