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Topstep vs TradeDay

Side-by-side comparison across all 16 scoring variables. Topstep (63/100, Average) vs TradeDay (76/100, Good).

Topstep
63
Average
TradeDay
76
Good
Score Dimensions
Payout Integrity30%6.37.8
Rules Integrity22%6.37.7
Rules Stability8%6.09.0
Business Viability18%9.07.3
Platform & Execution9%4.08.0
Cost Fairness10%4.56.5
Specifications
Payout Split90% (flat for new traders as of Jan 12, 2026)80% on first $50K profit, 90% on next $50K, 95% above $100K
Max Funded$150,000 (Express Funded Account)$150,000
Payout Cap$2,000/payout Standard, $3,000/payout Consistency — new $50K accounts from Apr 28, 2026None
Drawdown ModelTrailing EOD MLL — ratchets up with peak end-of-day balance, never resets downChoice of Intraday Trailing / EOD Trailing / Static — three variants per account size
Min Days5 winning days required before payout requestPlan-dependent
Challenge Fee$49–$149/month subscription$125–$375/mo subscription depending on account size; $50K typical $165/mo
Fee RefundableNo — subscription model, no refund on payoutNo — subscription model
News TradingAllowed — no restrictions on futures news tradingRestricted on funded accounts during major releases
PlatformsTopstepX (proprietary, mandatory as of 2026)NinjaTrader, Tradovate, R-Trader, Quantower
Payout ScheduleOn demand after 5 winning days — processed 1-3 business daysWithin-week processing
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The Verdict

TradeDay (76/100, Good) is the higher-scoring of the two on our composite. Its standout dimensions are score 76/100 (good) — founders james thorpe (ex-ceo mercury derivatives, 15+ years futures) and steve miley (13 years head of technical analysis at merrill lynch / credit suisse) publicly named with strong institutional pedigree.|three drawdown options per account size (intraday / eod / static) — uncommon flexibility in the futures peer group.|95% top-tier split unlocks above $100k cumulative profit; tiered structure rewards consistency.. Topstep (63/100, Average) is still worth considering if cme futures traders who want the most established firm in the category and trade small enough that the new $2k payout cap does not bind. See each firm's Topstep review and TradeDay review for the full evidence.