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Futures Firms Comparator

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The5ers Futures logoThe5ers Futures
TradeDay logoTradeDay
Headquarters

14 Haroshet st, Raanaa, Israel

2nd Floor, 412 S. Wells, Chicago, Illinois 60607, United States

CEO

Saul Lokier

James Thorpe

Country

Israel

United States

Foundation

2016

2020

Banned Countries
Afghanistan, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, Cuba, Congo Republic, Crimea, Democratic Republic of Congo, Donetsk, Eritrea, Guinea, Guinea-Bissau, Iraq, Iran, Israel, Kherson, Laos, Lebanon, Liberia, Libya, Luhansk, Myanmar, North Korea, Palestinian Territory, Papua New Guinea, Russia, South Sudan, Sudan, Somalia, Syria, Vanuatu, Venezuela, Yemen, Zaporizhzhia
Afghanistan, Albania, Algeria, Angola, Barbados, Belarus, Bosnia and Herzegovina, Botswana, British Virgin Islands, Bulgaria, Burkina Faso, Burundi, Cameroon, Cayman Islands, Central African Republic, Croatia, Cuba, DR Congo, Ecuador, Ethiopia, Ghana, Gibraltar, Guam, Guyana, Haiti, Iceland, Indonesia, Iran, Iraq, Ivory Coast, Jamaica, Jordan, Kosovo, Laos, Lebanon, Liberia, Libya, Mali, Malta, Mauritius, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Nicaragua, Nigeria, North Korea, North Macedonia, Pakistan, Panama, Papua New Guinea, Philippines, Puerto Rico, Romania, Russia, Senegal, Serbia, Slovenia, Somalia, South Africa, South Sudan, Sri Lanka, Sudan, Syria, Tanzania, Trinidad and Tobago, Tunisia, Uganda, Ukraine, US Virgin Islands, Venezuela, Vietnam, Yemen, Zimbabwe
Assets
Indices, Currencies, Metals, Agriculture, Energies
Futures
Payout Fee

3.5% for Rise, cryptocurrencies and bank transfers. No fee when the payout is converted into Hub Credits.

  • US Wire Transfer: Free
  • International Wire Transfer: $15/withdrawal
  • Crypto L1: $2.5/withdrawal + estimated gas fees
  • Crypto L2: Free
Platforms
BlackArrow
Tradovate, NinjaTrader, Tradingview, Jigsaw, Quantower, Rithmic
Payout Methods
Rise, Crypto, Transfer
Transfer, Crypto
Live Account
Payment Methods
Card, PayPal, Crypto
Card, PayPal
Payout Frequency

First payout after 14 days; subsequent payouts every 14 days after the last approved withdrawal.

Day-one payouts on Quick Pay (no buffer). Requests submitted before 17:30 CT processed within 24 hours on business days. No frequency limit.

Payout Guarantee

Approved withdrawals are normally processed within 3 business days.

Maximum Withdrawal

25K: $1,250. 50K: payouts 1–4 are capped at $1,500 / $2,000 / $2,500 / $3,000; later payouts remain capped at $3,000. 100K and 150K: 3% of the current balance.

Fast Pass Funded Sim maximum per request: $1,500 (50K), $1,875 (100K), $2,250 (150K).

Minimum Withdrawal

A payout can be requested after reaching at least 4% profit over the initial account balance.

$250 minimum per payout request.

Other Payout Requirements

The funded account must be at least 14 days old and have reached at least 4% profit. The 14-day cycle restarts after scaling.

Brokers
Tradovate, Rithmic
Commission

Standard futures: $5 per side. Micro futures: $2.50 per side.

Instant
One Step
Account scaling
Max Drawdown

4% EOD trailing drawdown, calculated from the highest midnight balance or equity. After a payout, it resets to 4% below the new balance.

Two drawdown types available, both Trailing Maximum Drawdown:

Intraday TMD
Calculated in real time from unrealized profits during the session.

End of Day TMD
Calculated from realized profits at end of day (16:00 CT close). Follows account growth until frozen at the initial balance.

Funded Sim drawdown type matches the evaluation type purchased.

Profit Split

80% for the trader across all funded accounts.

Quick Pay Funded Sim

  • 80% trader / 20% TradeDay above $4,000 gross profit
  • 50% trader / 50% TradeDay below $4,000 gross profit
  • Split evaluated per account

Fast Pass Funded Sim

  • 80% trader / 20% TradeDay

Funded Live

  • 90% trader / 10% TradeDay
Max Allocation
500,000

Up to 10 Evaluation accounts and 5 Funded Sim accounts simultaneously per trader. Up to 5 active Funded Live accounts per trader. Multiple Funded Sim accounts allowed. Single-member US LLC allowed. Multi-member LLC, S-corps and C-corps not allowed.

mandatoryBuffer
Maximum Trading Days

No time limit. At least one trade must be placed every 14 days.

Unlimited

Minimum Trading Days

The evaluation can be passed in one trading day while respecting the consistency rule.

  • Quick Pay: 5 trading days minimum (non-consecutive).
  • Fast Pass: no minimum trading days.
Funded Phase Pricing Model

No monthly fee. The current program catalogue shows no activation fee.

No activation fee on TradeDay 2.0.

Position size scaling
Evaluation Phase Pricing Model

One-time evaluation fee with no monthly subscription.

Monthly subscription. See challenges for current list prices and promotions for active discounts.

Account Reset

Available on current plans. See challenges for reset price.

Add-ons
Free Trial
Merge Accounts
Minimum Profitable Days

Fast Pass Funded Sim: 5 profitable days per payout; $150/$200/$250 minimum daily profit on 50K/100K/150K.

Expert Advisor (EA)
VPN
Hedging
Requires Stop Loss
Scalping
Stacking / Layering (DCA)
allowsMartingale
Copy Trading
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News Trading
hasInactivityRule

TradeDay does not charge inactivity fees. However, Tradovate archives the account after 1 month without login.

Consistency Rule
Hold Weekend
Prohibited Strategies

High-frequency trading, algorithmic trading and hedging.

  • Using bots/ATS purchased from third parties
  • Systems generating >200 trades in a day
  • Strategies trading in few seconds to capture only a few ticks
  • Attempting to capture queue position advantage by playing with sim engine
  • Spoofing and layering (per CME Group rules)
  • Order splitting (multiple limit orders at same price simultaneously)
  • Trading in illiquid markets to benefit from missed fills
  • Exploiting lack of slippage in simulation (e.g., bracket orders in data releases)
  • Trading outside best bid/offer
  • Using external or slow data feed
  • High-frequency trading or short-term trading
  • Simultaneous opposite positions between accounts
  • Multiple registrations with different names/emails
  • Using VPN or VPS to mask location
  • Hedging: Prohibited (trading long in one account and short in another for same product)
  • Trading within 2% of price limit (Funded Live only, loss of account)
  • Microscalping (positions held <5-10 seconds dominating profit)
  • Trading Tier 1 news/data releases (2 min before/after, auto-liquidation)
Overnight positions
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