Discount codes

TradeDay terms and conditions: what the firm reserves

TradeDay: a reading of 11 clauses from its terms and rules, quoted word for word and recorded on 17 September 2026 from its official pages. Its documents reserve the right to change its rules, deny or reduce a payout, close an account without having to give a reason and sanction a practice that is not on its list. Law governing disputes: Illinois (United States), with mandatory arbitration and a class action waiver. Evaluation fees are not refundable.

Recorded on 21 September 2026

The clauses, one by one

For each question, the status drawn from the documents, what it changes for a trader, and the firm's sentence exactly as written.

  1. Can the firm change its rules, including for an account already purchased?

    Yes

    The rules in force at purchase are not locked in: a profit target, a drawdown or a payout condition can change during the life of the account.

    Firm's wording · Section: 3. DESCRIPTION OF SERVICES

    We may amend and update the Rules at any time upon reasonable notice to you.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  2. Can the firm deny or reduce a payout at its discretion?

    Yes

    A requested payout is not secured until it is paid: the firm can deny or reduce it on the basis of its own assessment.

    Firm's wording · Section: 23. PROHIBITED CONDUCT

    If you are found to have profited from taking advantage of the simulated environment to gain an edge in the Evaluation Challenge at any time you have graduated past the Evaluation Challenge, or otherwise deemed to have engaged in other Prohibited Conduct (defined below) you will not be entitled to receive any withdrawals from any other account maintained with TradeDay, all of which will be forfeited and closed immediately.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  3. Can the firm close an account without cause?

    Yes

    An account, funded accounts included, can be closed without the firm having to justify the decision.

    • No refund is provided for on closure.
    Firm's wording · Section: 18. TERMINATION

    TradeDay reserves the right to refuse to permit or to terminate your access to any of the TradeDay Sites or Services at any time at its sole discretion.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  4. Is the list of prohibited practices open-ended?

    Yes

    The list of prohibited practices is not exhaustive: a strategy that is not on it can still be sanctioned.

    Firm's wording · Section: 23. PROHIBITED CONDUCT

    TradeDay reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Prohibited Conduct.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  5. Are accounts, funded ones included, simulated?

    Yes

    The documents say so: accounts are simulated. A payout is a sum paid by the firm, not the result of orders executed in the market.

    • Funded accounts are simulated as well.
    Firm's wording · Section: 7. SIMLUATED TRADING DISCLAIMER

    You also acknowledge that the funds provided to you for Simulated Trading and in the Funded SIM Account are fictitious and that you have no right to possess those fictitious funds beyond the scope of their use within the Sites and Services, unless otherwise specified and agreed by TradeDay in the Funded SIM Account Agreement that you execute.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  6. Are evaluation fees refundable?

    No

    Evaluation fees are not refundable, even if the account was never used.

    Firm's wording · Section: 3. DESCRIPTION OF SERVICES

    User is not entitled to any refund of any fees or costs, and all fees are final, non-cancelable, and non-refundable.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  7. Which law applies to a dispute?

    Specified

    A dispute is settled under this law, often far from the trader's country.

    • Designated law: Illinois (United States).
    Firm's wording · Section: 19. CHOICE OF LAW, JURISDICTION

    These Terms shall be governed by and construed in accordance with the laws of the State of Illinois and the United States of America, without giving effect to any principles of conflicts of law.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  8. Is arbitration mandatory?

    Yes

    A dispute does not go before a court but before an arbitrator appointed under the contract.

    • The contract includes a class action waiver.
    • Place of arbitration: Chicago, Illinois.
    Firm's wording · Section: 20. DISPUTE RESOLUTION - BINDING ARBITRATION

    Except as described below in the Exceptions section, you agree that every dispute arising in connection with these Terms, the Services, or communications from us will be resolved through binding arbitration.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  9. Is the firm's liability capped?

    Yes

    What a trader can claim if the firm is at fault is limited by the contract.

    • Cap: the amounts paid to the firm over the last month.
    Firm's wording · Section: 11. LIMITATION OF LIABILITIES

    IN NO EVENT WILL OUR LIABILITY FOR ANY CLAIM OF ANY KIND, WHETHER BASED IN CONTRACT, WARRANTY, TORT, STRICT LIABILITY, OR OTHERWISE, FOR ANY LOSSES OR DAMAGES ARISING OUT OF, CONNECTED WITH, OR RESULTING FROM, THESE TERMS OR THE PERFORMANCE OR BREACH THEREOF, OR ANY PRODUCT OR SERVICE OR THE USE OR PERFORMANCE THEREOF, EXCEED THE GREATER OF (a) THE AMOUNT PAID BY YOU TO TRADEDAY IN THE IMMEDIATELY PRECEDING MONTH FOR TRADEDAY'S PRODUCTS OR SERVICES OR (b) $500.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  10. Who must check that the offer is legal in your country?

    Yes

    Checking that the offer is legal in the country of residence is the trader's responsibility, not the firm's.

    Firm's wording · Section: 5. ELIGIBILITY

    By using the TradeDay Products and Content, you are explicitly stating that you have verified in your own jurisdiction if your use of the TradeDay Products and Content is allowed.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

  11. What does the contract provide for a payment dispute?

    Yes

    Disputing a payment with your bank exposes you to a sanction set by the contract, such as the closure of your accounts.

    Firm's wording · Section: 4. USER ACCOUNTS AND ACCESS

    If you lodge an unjustifiable complaint regarding the paid fee or dispute the paid fee with your bank or payment service TradeDay (e.g., through chargeback services, dispute services, or other similar services), on the basis of which an annulment, cancellation or refund of the fee or any part thereof is requested, TradeDay is entitled, at its own discretion, to stop providing to you any Services and refuse any future provision of any Services.

    Terms and conditions ↗Recorded on 17 September 2026Sentence found on the page on 21 September 2026

Monitored documents

Each document is reread by our watcher. Every change is dated, and each version is kept with the capture that proves it.

Between the last date of one version and the first date of the next, we do not know which text was online, and we do not assume.

Changes to these documents

When a sentence that touches a clause changes, it is quoted before and after. When the document moves without us being able to pin it to a sentence, the entry says so.

No published change for these documents.

Frequently asked questions about the terms of TradeDay

Can TradeDay deny or reduce a payout?

Yes, according to the documents published by TradeDay. A requested payout is not secured until it is paid: the firm can deny or reduce it on the basis of its own assessment.

Can TradeDay change its rules for an account already purchased?

Yes, according to the documents published by TradeDay. The rules in force at purchase are not locked in: a profit target, a drawdown or a payout condition can change during the life of the account.

Are evaluation fees at TradeDay refundable?

No, according to the documents published by TradeDay. Evaluation fees are not refundable, even if the account was never used.

Does a dispute with TradeDay go to mandatory arbitration?

Yes, according to the documents published by TradeDay. A dispute does not go before a court but before an arbitrator appointed under the contract. The contract includes a class action waiver. Place of arbitration: Chicago, Illinois.

How these terms are read

We read the terms and conditions, trading rules and disclosures that each firm publishes on its own website, and only there. Every document goes through the same twelve-question grid. An answer is only published once the sentence it rests on has been found word for word in the page our watcher recorded itself, and then reviewed. We quote the text as written, without paraphrasing it, so that anyone can check it. When a document does not address a question, we say so, without inferring a yes or a no.

This page describes what documents say at a given date. It is not legal advice, it does not say whether a clause is valid under your national law, and it does not replace reading the full contract before a purchase.

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