Take Profit Trader vs Trade Day

Trade Day is $170 cheaper to get started. Take Profit Trader charges $102/mo (monthly subscription) plus a $130 activation fee. Trade Day charges $62/mo (monthly subscription). Both firms currently have active promotions — check our deals page for details.

Take Profit Trader uses EOD Trailing drawdown at 4% ($2,000 buffer once locked at initial), while Trade Day uses Intraday Trailing at 4% ($2,000 buffer once locked at initial). Trade Day uses intraday trailing, the strictest type — your floor moves in real time with every tick of profit. Take Profit Trader's EOD trailing only adjusts at market close, giving intraday profits a safer cushion. Take Profit Trader also has a $1,100 daily loss limit, while Trade Day does not.

Both firms have comparable timelines to first payout. Consistency rules also affect pacing: Take Profit Trader caps your best day at 50% of total profit, while Trade Day caps at 30% — a looser rule means you may need fewer trading days in practice.

Take Profit Trader offers up to 80% profit split(Daily payouts), while Trade Day offers up to 80%(On Demand payouts).

Both firms have similar trading restrictions.

Trade Day is a stronger fit for budget traders (starting at $62). 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, Take Profit Trader reaches break-even on day 12 while Trade Day reaches it on day 10. Trade Day costs $170 less to get started.

Overall, Trade Day scores higher (72 vs 67) on our trader-friendliness index. Key advantages: lower starting cost, more forgiving drawdown rules. That said, Take Profit Trader wins on more lenient consistency rules. See the full glossary to understand any unfamiliar terms, or explore trading styles to find the best firm for your approach.