Prop firms whose payouts run weekly, daily or on demand after the first withdrawal, with each program's first-payout rule, ongoing frequency, split at that frequency and methods, plus the buffers, caps and consistency checks that apply.
Topstep and TradeDay both sell monthly futures evaluations to US traders, both use 6% profit targets on most sizes and both document their rules in detail. The differences are in the costs around the evaluation and in what happens after you pass. Topstep has the cheapest 50K entry price but adds a $149 activation fee on its Standard path, runs only on its own TopstepX platform for most traders and pays 90% from the first payout. TradeDay has no activation fee, lets you choose an intraday or end-of-day (EOD) drawdown on Quick Pay and allows a payout after one funded day, but pays only 50% on Quick Pay until the account holds more than $4,000 of profit.
Topstep vs TradeDay at a glance
| Topstep | TradeDay | |
|---|---|---|
| Market | Futures | Futures |
| FundedTime score | 8.1/10 | 7.7/10 |
| Data status | Verified | Verified (help center; Fast Pass minimum days conflict) |
| Listed price | $49/month (50K Standard path, plus $149 activation) | Quick Pay 50K $59/month (intraday) or $79 (EOD) on sale; Fast Pass 50K $95; list prices about double |
| Pricing model | Monthly subscription | Monthly subscription, no activation fee |
| Fee refundable | No (most fees non-refundable) | No |
| Max account size | $150,000 | $150,000 |
| Max profit split | 90% | 90% (live); 80% (Fast Pass sim); Quick Pay sim 50% until profit exceeds $4,000, then 80% |
| Profit target | $3,000 (50K) / $6,000 (100K) / $9,000 (150K) | $1,500 / $3,000 / $6,000 / $9,000 |
| Daily loss limit | Optional: $1,000 / $2,000 / $3,000 (pauses trading) | None published |
| Max drawdown | $2,000 / $3,000 / $4,500 EOD trailing, locks at starting balance | $1,000 / $2,000 / $3,000 / $4,500; no published lock level |
| Drawdown type | End-of-day (EOD) trailing, enforced in real time | Quick Pay evaluation: intraday or EOD; Fast Pass: EOD; Quick Pay funded sim: always intraday |
| Minimum trading days | No minimum (pass in as few as 2 days) | 5 (Quick Pay); 3 (Fast Pass, though one FAQ says none) |
| Consistency rule | Best day at or below 55% of target (Combine) | 30% (Quick Pay evaluation); 45% (Fast Pass evaluation and funded) |
| News trading | Restricted briefly around Tier 1 releases | Banned: positions liquidated 2 min before Tier 1 releases |
| EAs / bots | Allowed via TopstepX API ($29/month); no HFT | Own automation on supported platforms; no purchased bots or API access |
| First payout | After 5 winning days of $150+ (XFA Standard) | After 1 trading day (Quick Pay, no buffer, $250 minimum) |
| Payout frequency | Per request once eligible; daily after 30 winning days (Live) | Per request (Quick Pay); every 5 profitable days, capped (Fast Pass) |
| Payout methods | Prop-to-brokerage, Aeropay, ACH, Wise, wire | Riseworks: bank wire, crypto |
| Platforms | TopstepX | Tradovate, Rithmic; NinjaTrader, TradingView, Quantower, Jigsaw |
| US traders | Yes | Yes (not Guam, Puerto Rico or USVI) |
| Trustpilot | 3.7 (15,022 reviews) | 4.6 (1,454 reviews) |
Rows marked "not published" or "not verified" could not be confirmed on the official pages we reviewed in November 2026.
FundedTime scores
Topstep scores 8.1/10 and ranks second of the futures firms we rate. TradeDay scores 7.7/10 and ranks fifth. Scores follow our published methodology, including how much we could verify, and are not a guarantee of results.
Pricing and fees
Topstep sells one evaluation, the Trading Combine, in 50K, 100K and 150K sizes. On the Standard path it costs $49, $99 or $199 a month, plus a $149 activation fee for each Express Funded Account (XFA) you earn. The No Activation Fee path costs more each month, and Topstep's own pages disagree on how much: $85 or $95 for 50K, $129 or $149 for 100K and $199 or $229 for 150K. A reset costs the same as the monthly fee, and most fees are non-refundable.
TradeDay sells Quick Pay and Fast Pass in 25K, 50K, 100K and 150K sizes. In November 2026 its site showed 55% off Quick Pay and 50% off Fast Pass: Quick Pay intraday ran $45 to $162 a month, Quick Pay EOD $54 to $180 and Fast Pass $65 to $265, against list prices of $100 to $530. There is no activation fee on any plan, and a reset costs the current monthly sale price. Cancelling the subscription closes the linked evaluation, and fees are not refunded.
If you pass a 50K in your first month, Topstep Standard costs $49 + $149 = $198, while TradeDay Quick Pay EOD costs $79 at the sale price. If it takes two months, Topstep is $247 and TradeDay $158. TradeDay's advantage depends on the discount staying in place; at list price its Quick Pay EOD 50K is $175 a month.
Rules and drawdown
Topstep's Combine targets are $3,000, $6,000 and $9,000. Its maximum loss limit is $2,000, $3,000 or $4,500, trails the end-of-day balance, is monitored in real time and stops trailing at the starting balance. The daily loss limit is optional at checkout ($1,000, $2,000 or $3,000) and pauses trading rather than failing you. There is no minimum number of days, but your best day should stay at or below 55% of the target; break it and the effective target rises.
TradeDay's targets are $1,500, $3,000, $6,000 and $9,000, with drawdowns of $1,000 to $4,500 and no daily loss limit at all. Quick Pay lets you choose intraday or EOD for the evaluation, needs 5 days and applies a 30% best-day rule. Fast Pass is EOD only, needs 3 days (one FAQ says none) and applies 45%. The catch is that Quick Pay funded sim accounts always use an intraday trailing drawdown calculated on gross profit, even if you passed on EOD. We found no published level at which TradeDay's evaluation drawdown stops trailing.
News rules differ. TradeDay liquidates positions 2 minutes before Tier 1 releases (FOMC, CPI, the jobs report and product-specific reports) and reopens 2 minutes after. Topstep restricts trading briefly around Tier 1 events and bans trading full size into a scheduled release. On automation, Topstep allows bots through the TopstepX API ($29 a month, no HFT, not on live accounts); TradeDay allows your own automation on NinjaTrader, Tradovate, TradingView, Jigsaw or Quantower but bans purchased bots and API access. Neither allows holding through the daily close.
Worked example: one good day, one bad day on 50K
Both 50K accounts start at $50,000 with a $2,000 drawdown, a $48,000 floor and a $3,000 target. Day 1 closes at +$1,000, so both EOD floors rise to $49,000. On Day 2 the market turns and you are down $1,400 by the afternoon.
- Topstep with the optional daily limit: trading stops at −$1,000. You close at $50,000 with $1,000 of room above the $49,000 floor.
- Topstep without it, or TradeDay Quick Pay EOD: nothing stops you, so you close at $49,600 with $600 of room.
- TradeDay Quick Pay intraday: the floor follows open-profit peaks, so if Day 1's best moment was +$1,300 before closing at +$1,000, the floor would already sit at $49,300 and the $1,400 loss would leave $49,600, only $300 above it.
The first payout. On a Topstep 50K XFA with a $2,400 balance after five winning days of $150 or more, you can request 50% ($1,200), paid at 90%: $1,080. On a TradeDay Quick Pay funded account with $3,000 of profit, any request leaves less than $4,000 of profit, so it pays 50%: a $2,000 request pays $1,000. On Fast Pass 50K the cap is $1,500 per payout at 80%, so a full request pays $1,200. TradeDay's own example shows the blended split: with $6,000 of profit, a $3,000 request pays $2,100.
Payouts
Topstep XFA payouts have no fixed schedule. On the Standard path you qualify after five winning days of $150 or more; on the Consistency path after three days with your best day at 40% or less of net profit. Each request is up to 50% of the balance, with a $125 minimum and caps of $2,000 to $5,000 (Standard) or $3,000 to $6,000 (Consistency) by size, at 90%. US traders can use same-day prop-to-brokerage transfers, Aeropay or ACH ($30); internal approval can take 1 to 3 business days.
TradeDay Quick Pay can request after one trading day with no buffer and a $250 minimum, at the 50%, 80% or blended split above. At $10,000 of gross profit the account is reviewed for live. Fast Pass needs five profitable days per cycle, limits each payout to 50% of the balance and caps it at $750 to $2,250 (accounts from July 26, 2026), at 80%. Live accounts pay 90%. Payouts go through Riseworks by bank wire (free in the US) or crypto, processed the next business day for requests before the 5:30 pm cutoff. See the Topstep payout guide and TradeDay payout guide.
Platforms and US access
Topstep names only TopstepX, which cannot connect to external charting such as TradingView; we could not confirm which third-party platforms new accounts can use. TradeDay lists Tradovate and Rithmic connections and shows NinjaTrader, TradingView and Quantower. Both accept US traders. TradeDay excludes Guam, Puerto Rico and the US Virgin Islands and allows one user per household and up to 10 accounts.
Who each firm suits
Topstep
US day traders who want the lowest 50K monthly price, an EOD drawdown that locks at the starting balance, a 90% split from the first payout and fast US payout rails, and who are happy on TopstepX.
TradeDay
Traders who want no activation fee, a choice of drawdown in the evaluation and the fastest route to a first (smaller) payout, and who can accept a 50% split on Quick Pay until profit passes $4,000.
Which should you choose if…
- …you want a 90% split from day one: Topstep.
- …you want to avoid an activation fee: TradeDay, or Topstep's No Activation Fee path at a higher monthly price.
- …you want a hard daily stop: Topstep's optional daily loss limit; TradeDay has none.
- …you chart in TradingView or NinjaTrader: TradeDay.
- …you trade CPI or FOMC releases: neither suits you well; TradeDay flattens positions 2 minutes before Tier 1 news.
- …you want cash after one funded day: TradeDay Quick Pay, accepting the 50% split and an intraday funded drawdown.
Bottom line
Topstep scores 8.1/10 and TradeDay 7.7/10. Topstep pays a better split once funded and has the stronger payout rails; TradeDay is cheaper to get through, has no activation fee and pays sooner, but at a lower split until your profit builds. Neither refunds fees, and most traders do not pass.
Read the full Topstep review and TradeDay review, or compare more firms in the comparison tool. Related: Earn2Trade vs TradeDay, Bulenox vs TradeDay, Tradeify vs Topstep and the fastest first payout prop firms.
Sources (checked November 2026): Topstep: topstep.com/topstep-prop, topstep.com/no-activation-fee, help.topstep.com payout policy, trustpilot.com/review/topstep.com; TradeDay: tradeday.com, tradeday.com/how-it-works, TradeDay Quick Pay payout policy, trustpilot.com/review/tradeday.com.
FAQ
Is Topstep or TradeDay cheaper?
At November 2026 prices, TradeDay was usually cheaper overall. Topstep's 50K Standard path is $49 a month but adds a $149 activation fee; TradeDay's Quick Pay EOD 50K was $79 a month on sale with no activation fee.
Which pays a higher profit split?
Topstep pays 90% on XFA payouts. TradeDay Quick Pay pays 50% until the account holds more than $4,000 of profit, then 80%; Fast Pass pays 80% and live accounts 90%.
Does either firm have a daily loss limit?
Topstep's is optional at checkout ($1,000 to $3,000) and pauses trading. TradeDay publishes no daily loss limit; the maximum drawdown is the only limit.
Can I trade news at Topstep or TradeDay?
Only with restrictions. TradeDay liquidates positions 2 minutes before Tier 1 releases. Topstep restricts trading briefly around Tier 1 events and bans trading full size into them.
Educational content only, not financial advice. Trading involves substantial risk of loss. Prop firm rules change often; check the firm's official terms. Some links may be affiliate links; see our disclosure.
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