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Funded trading

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Comparing 2 providers in Funded trading

Some programs use simulated trading. Paying an evaluation fee does not guarantee funding or a payout.

Terms used in this table
  • Loss limit: how much may be lost in a day or overall before the account fails.
Costs and terms
What to compareTradeDayFull review →
Visit TradeDay · Opens in a new tab
Coupon code at checkout
FundedNextFull review →
Service type
Funded trading
Funded trading
Legal entity and jurisdiction
TradeDay LLC · Illinois, United States
FundedNext Ltd. · Comoros (Fomboni, Moheli), registration HY01023052 / FundedNext Limited · Hong Kong (website operator)
Participation fee (from)
59.99 USD

List price for a $6,000 simulated account; up to $1,099.99 for a $200,000 simulated account. In a budget example where each attempt costs 59.99 USD, two attempts cost 119.98 USD before discounts and additional charges. A conditional refund does not reduce the upfront payment.

2-Step 25K price
199.99 USD
2-Step 50K price
299.99 USD
2-Step 100K price
549.99 USD
1-Step 25K price
219.99 USD
Lite 10K price
59.99 USD
Evaluation stages
1
2
Profit target (phase 1 / 2-Step)
8 %
Phase 2 profit target
5 %
1-Step profit target
10 %
Maximum daily loss (2-Step)
5 %

Stellar 2-Step only. In a hypothetical 6,000 USD simulated account, 5% of the initial balance is 300 USD. Losses already accumulated that day and the costs included in the rule reduce the amount remaining.

Maximum overall loss (2-Step)
10 %

Static, from the starting balance. In a hypothetical 6,000 USD simulated account, 10% is 600 USD and the overall loss floor is 5,400 USD. The daily threshold is checked separately.

Maximum daily loss (1-Step)
3 %
Maximum overall loss (1-Step)
6 %

Static.

Drawdown method
Trailing
Static
Profit share
80 %

80% is the base share on ordinary plans, including the Stellar 2-Step Standard 21 Days option; other Reward options and add-ons can change it. 90% after meeting the applicable Scale-Up conditions. Profits are simulated and rewards are not guaranteed.

Payout conditions
Quick Pay and Fast Pass differ in splits, consistency, days, caps and the floor after payouts. Live is a separate conditional stage.
Fee refund
2-Step: with the first reward. 1-Step and Lite: at the third reward. Instant: no refund.

Read 1-Step timing alongside the separate refund-date fact for the purchase or reset. After a reset, the refund basis is the latest reset fee, not the total of every attempt. Include the refund in the Reward request. EA/VPS fees are excluded, and any platform charge must be checked separately for the account.

Trading restrictions
Close positions and orders before the daily close; news, contract and product limits depend on stage.
Simulation scope
simulated CFD and futures evaluation

According to the site, all trading takes place in a demo environment with virtual capital, and FundedNext is not a broker.

Service model
Futures trading evaluation

Evaluation and Funded Sim are simulated; progression to Funded Live is separate and conditional.

25,000 evaluation profit target
1,500 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

25,000 evaluation loss allowance
1,000 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

25,000 evaluation contract limit
2 minis / 20 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

50,000 evaluation profit target
3,000 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

50,000 evaluation loss allowance
2,000 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

50,000 evaluation contract limit
5 minis / 50 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

100,000 evaluation profit target
6,000 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

100,000 evaluation loss allowance
3,000 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

100,000 evaluation contract limit
10 minis / 50 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

150,000 evaluation profit target
9,000 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

150,000 evaluation loss allowance
4,500 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

150,000 evaluation contract limit
15 minis / 50 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

Evaluation billing cycle
30 days

Recurring billing until passing or cancellation. A separate reset does not move the billing date.

Funded-stage activation fee
0 USD

TradeDay removed the activation fee; trading commissions and Live data costs remain separate.

Quick Pay evaluation consistency
30 %

Largest profitable day at most 30% of total profit; five evaluation trading days. Not a universal rule for every stage.

Fast Pass consistency
45 %

Evaluation has a 45% rule. For Funded Sim accounts opened on or after 26 July 2026, the best profitable day is at most 45% of current profit plus prior payouts. Earlier accounts have no funded consistency rule under this policy.

Minimum Funded Sim payout request
250 USD

Request amount before the profit split; the trader may receive less.

Fast Pass Funded Sim trader share
80 %

For Funded Sim accounts opened on or after 26 July 2026; subject to profitable days, consistency against current profit plus prior payouts, caps and sufficient balance.

Professional Live market data
156 USD/month/exchange

Per exchange at the Live stage; an existing personal subscription does not replace this charge.

ES/NQ commission example per side
2.88 USD/contract/side

Table includes broker, NFA, clearing and exchange components; evaluation/Funded Sim charges are simulated. Live may differ.

MES/MNQ commission example per side
0.95 USD/contract/side

Per-side commission, not a round-turn total. Subject to product and stage.

Account type
Mixed — depends on the stage
Simulated
Trading types
CFD challenges: Stellar 2-Step, 1-Step, Lite and Instant. Futures challenges: Flex, Legacy and Rapid. Forex, indices, commodities, 9 crypto pairs and 20 stocks.
How rewards are paid
USDT (ERC20/TRC20), USDC, Confirmo, RiseWorks, bank transfer or card. Minimum request $20.

An approved identity verification (KYC) is required before any reward.

Stellar 1-Step fee-refund timing by purchase or reset date
Before 12 January 2026: with the first Reward for a qualifying earlier purchase; purchase or reset from 12 January 2026: with the third Reward.

Stellar 1-Step CFD only. A refund requires a qualifying Reward request and is not automatic after passing the evaluation.

Simulated or live
Simulated trading
Platforms
Tradovate / NinjaTrader / TradingView / R|Trader Pro / Quantower / ATAS / Bookmap / Jigsaw / Sierra Chart / MotiveWave
MetaTrader 4 / MetaTrader 5 / cTrader / Match-Trader
Currencies
USD
Check with the provider
Visit TradeDay · Opens in a new tab
Coupon code at checkout

Service and entity
TradeDayFundedNext
Service type
Funded trading
Funded trading
Legal entity and jurisdiction
TradeDay LLC · Illinois, United States
FundedNext Ltd. · Comoros (Fomboni, Moheli), registration HY01023052 / FundedNext Limited · Hong Kong (website operator)

Initial and recurring cost
TradeDayFundedNext
Participation fee (from)
59.99 USD

List price for a $6,000 simulated account; up to $1,099.99 for a $200,000 simulated account. In a budget example where each attempt costs 59.99 USD, two attempts cost 119.98 USD before discounts and additional charges. A conditional refund does not reduce the upfront payment.

2-Step 25K price
199.99 USD
2-Step 50K price
299.99 USD
2-Step 100K price
549.99 USD
1-Step 25K price
219.99 USD
Lite 10K price
59.99 USD

Evaluation terms
TradeDayFundedNext
Evaluation stages
1
2
Profit target (phase 1 / 2-Step)
8 %
Phase 2 profit target
5 %
1-Step profit target
10 %

Loss limits
TradeDayFundedNext
Maximum daily loss (2-Step)
5 %

Stellar 2-Step only. In a hypothetical 6,000 USD simulated account, 5% of the initial balance is 300 USD. Losses already accumulated that day and the costs included in the rule reduce the amount remaining.

Maximum overall loss (2-Step)
10 %

Static, from the starting balance. In a hypothetical 6,000 USD simulated account, 10% is 600 USD and the overall loss floor is 5,400 USD. The daily threshold is checked separately.

Maximum daily loss (1-Step)
3 %
Maximum overall loss (1-Step)
6 %

Static.

Drawdown method
Trailing
Static

Payout rules
TradeDayFundedNext
Profit share
80 %

80% is the base share on ordinary plans, including the Stellar 2-Step Standard 21 Days option; other Reward options and add-ons can change it. 90% after meeting the applicable Scale-Up conditions. Profits are simulated and rewards are not guaranteed.

Payout conditions
Quick Pay and Fast Pass differ in splits, consistency, days, caps and the floor after payouts. Live is a separate conditional stage.

Resets and extra fees
TradeDayFundedNext
Fee refund
2-Step: with the first reward. 1-Step and Lite: at the third reward. Instant: no refund.

Read 1-Step timing alongside the separate refund-date fact for the purchase or reset. After a reset, the refund basis is the latest reset fee, not the total of every attempt. Include the refund in the Reward request. EA/VPS fees are excluded, and any platform charge must be checked separately for the account.

Trading restrictions
Close positions and orders before the daily close; news, contract and product limits depend on stage.

Simulated or live
TradeDayFundedNext
Simulation scope
simulated CFD and futures evaluation

According to the site, all trading takes place in a demo environment with virtual capital, and FundedNext is not a broker.

Costs and service terms
TradeDayFundedNext
Service model
Futures trading evaluation

Evaluation and Funded Sim are simulated; progression to Funded Live is separate and conditional.

25,000 evaluation profit target
1,500 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

25,000 evaluation loss allowance
1,000 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

25,000 evaluation contract limit
2 minis / 20 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

50,000 evaluation profit target
3,000 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

50,000 evaluation loss allowance
2,000 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

50,000 evaluation contract limit
5 minis / 50 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

100,000 evaluation profit target
6,000 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

100,000 evaluation loss allowance
3,000 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

100,000 evaluation contract limit
10 minis / 50 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

150,000 evaluation profit target
9,000 USD

Net profit target; the nominal tier is neither a participant deposit nor a withdrawable balance.

150,000 evaluation loss allowance
4,500 USD

Trailing floor by account type, enforced during trading; EOD does not permit temporary breaches.

150,000 evaluation contract limit
15 minis / 50 micros

Evaluation limit, not a promise of the same Funded Sim or Live limit. Product exceptions apply.

Evaluation billing cycle
30 days

Recurring billing until passing or cancellation. A separate reset does not move the billing date.

Funded-stage activation fee
0 USD

TradeDay removed the activation fee; trading commissions and Live data costs remain separate.

Quick Pay evaluation consistency
30 %

Largest profitable day at most 30% of total profit; five evaluation trading days. Not a universal rule for every stage.

Fast Pass consistency
45 %

Evaluation has a 45% rule. For Funded Sim accounts opened on or after 26 July 2026, the best profitable day is at most 45% of current profit plus prior payouts. Earlier accounts have no funded consistency rule under this policy.

Minimum Funded Sim payout request
250 USD

Request amount before the profit split; the trader may receive less.

Fast Pass Funded Sim trader share
80 %

For Funded Sim accounts opened on or after 26 July 2026; subject to profitable days, consistency against current profit plus prior payouts, caps and sufficient balance.

Professional Live market data
156 USD/month/exchange

Per exchange at the Live stage; an existing personal subscription does not replace this charge.

ES/NQ commission example per side
2.88 USD/contract/side

Table includes broker, NFA, clearing and exchange components; evaluation/Funded Sim charges are simulated. Live may differ.

MES/MNQ commission example per side
0.95 USD/contract/side

Per-side commission, not a round-turn total. Subject to product and stage.

Account type
Mixed — depends on the stage
Simulated
Trading types
CFD challenges: Stellar 2-Step, 1-Step, Lite and Instant. Futures challenges: Flex, Legacy and Rapid. Forex, indices, commodities, 9 crypto pairs and 20 stocks.
How rewards are paid
USDT (ERC20/TRC20), USDC, Confirmo, RiseWorks, bank transfer or card. Minimum request $20.

An approved identity verification (KYC) is required before any reward.

Stellar 1-Step fee-refund timing by purchase or reset date
Before 12 January 2026: with the first Reward for a qualifying earlier purchase; purchase or reset from 12 January 2026: with the third Reward.

Stellar 1-Step CFD only. A refund requires a qualifying Reward request and is not automatic after passing the evaluation.

Simulated or live
Simulated trading

Access and currencies
TradeDayFundedNext
Platforms
Tradovate / NinjaTrader / TradingView / R|Trader Pro / Quantower / ATAS / Bookmap / Jigsaw / Sierra Chart / MotiveWave
MetaTrader 4 / MetaTrader 5 / cTrader / Match-Trader
Currencies
USD

Check with the provider

TradeDay

Visit TradeDay · Opens in a new tab
Coupon code at checkout

FundedNext

Read our editorial comparisons

Editorial comparison

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Choose between FTMO 1-Step and 2-Step using daily and static or trailing loss limits, the Consistency or Best Day rule based on the order or merge date, Standard and Swing accounts, and evaluation fee refunds.

Updated: Oct 15, 2026Read article