TradeDay has made a change to their withdrawal policy
Effective June 20th 2024
The new policy will be apply to any new user subscriptions taken out after 12:01 AM CT on June 20, 2024. This DOES NOT impact traders who are currently being evaluated or funded.
TradeDay is reducing the minimum payout request from $500 to $250.
TradeDay will require the Trailing Maximum Drawdown (TMD) to reach the starting account balance before an account is eligible for a payout.
Traders can withdraw profits whenever they like, and there are no restrictions on the frequency of withdrawals.
However, traders who take a subscription after 12:01 AM CT on June 20th, cannot take a withdrawal until their Trailing Maximum Drawdown (TMD) has moved to the opening account balance.
This is often referred to as having cleared the 'buffer', When the 'buffer' has been cleared and the Trailing Maximum Drawdown (TMD) has frozen at the account opening balance, there will be no restrictions on payouts other than a minimum withdrawal amount of $250 - reduced from $500.
This withdrawal policy applies to both funded Sim and Funded Live accounts. (For traders who graduate from a Funded Sim account to a Funded Live account, there are no restrictions on payouts in the Funded Live account)
The content of this blog post is derived from a email by TradeDay. All product names, logos, and brands mentioned herein are the property of their respective owners.
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