A detailed breakdown of how these two firms compare across costs, drawdown rules, payout structure, and trading restrictions.
Apex Trader Funding is $44 cheaper to get started. Apex Trader Funding charges $131 one-time plus a $89 activation fee. Trade Day charges $125/mo (monthly subscription) plus a $139 activation fee.
Apex Trader Funding uses Intraday Trailing drawdown at 4% ($2,000 buffer once at profit target), while Trade Day uses .
1 min trading days
1d eval + 5d winning + 5d processing
5 min trading days required
5d eval + 30d processing
Apex Trader Funding gets you funded faster, with an estimated ~11 days to first payout (1d eval + 5d winning + 5d processing). Apex Trader Funding has no consistency rule, meaning you could pass the evaluation in a single profitable day. Trade Day requires your best day to be no more than 30% of total profit.
Apex Trader Funding offers up to 100% profit split(Weekly payouts, $500 min), while Trade Day offers up to 95%(On Demand payouts, $250 min). The 5 percentage point difference in profit split can add up significantly over time โ on a $10,000 profit, that's $500 more in your pocket.
When comparing withdrawal frequency, the gap between payouts matters. Apex Trader Funding requires 5 profitable trading days between each withdrawal โ at 20 trading days per month, that works out to roughly 4 payouts per month. Trade Day has no minimum profitable days requirement between withdrawals.
Both firms require clearing a buffer zone before your first payout โ you must earn above your starting balance plus the drawdown amount before any withdrawal is allowed. Check the and detail pages for the exact buffer amounts.
News trading allowed ยท Only 1 min trading days
Starting at $131.33 ยท One-time fee (no subscription)
No strong style match
Apex Trader Funding is a stronger fit for day traders and budget traders (news trading allowed). Explore all trading styles to see which firms match your approach.
Based on $500/day profit, 20 trading days/month, 55% win rate
At $500/day profit, Apex Trader Funding reaches break-even (never) while Trade Day reaches it on day 12. Apex Trader Funding costs $44 less to get started. Trade Day projects $7,604/mo more in funded earnings.
Choose Apex Trader Funding if you want:
Apex Trader Funding requires 5 trading days between payout requests. Trade Day has no minimum trading day gap between payouts.
Apex Trader Funding requires a minimum of $250 daily profit for a day to count toward payout eligibility. Trade Day has no qualifying day minimum.
Apex Trader Funding requires a minimum account balance of $52,600 before you can request a payout. Trade Day has no minimum balance requirement.
Apex Trader Funding caps funded accounts at 6 payouts before requiring a transition to a live account. Trade Day has no maximum payout count.
Both firms require a safety net before payouts: Apex Trader Funding at $52,100 and Trade Day at $2,000. You must build this buffer above your starting balance before requesting your first withdrawal.
Trade Day applies a 50%/50% split on buffer zone withdrawals until the buffer clears.
Choose Trade Day if you want:
Overall, Apex Trader Funding scores higher (66 vs 62) on our trader-friendliness index. Key advantages: lower starting cost, faster path to funded, better profit split, more lenient consistency rules. That said, Trade Day wins on more forgiving drawdown rules, fewer trading restrictions. See the full glossary to understand any unfamiliar terms, or explore trading styles to find the best firm for your approach.