DayTraders review

DayTraders Rithmic accounts charge commissions by product category. Common equity index futures such as ES, NQ, YM, RTY, NKD, and EMD are $1.99 per side / $3.98 round turn. Common micro index futures such as MES, MNQ, MYM, and M2K are $0.51 per side / $1.02 round turn. Commission rates vary by market, with currencies generally at $4.72 round turn, metals at $4.62 round turn, and many agricultural contracts at $5.58 round turn.

All accounts need minimum trading days within each rolling 30 day cycle to remain active

Monthly Accounts:

• minimum 1 trading day within each 30-day billing cycle

• That trading day must meet the minimum daily profit for your account size

• Consistency is not required for this activity requirement

Lifetime Accounts:

• To keep the account active and in good standing, you need 4 trading days

• Each of those days must meet the minimum daily profit for your account size

• Consistency is not required, only the minimum daily profit applies

Maintain your account balance at or above the profit goal while avoiding the max drawdown for your selected evaluation account. Understanding the Trailing Threshold Drawdown is crucial to your success.

Minimum Daily Profit by Account Size:

25k = $100

50k = $200

75k = $200

100k = $300

150k = $300

250k = $300

300k = $400

(Minimum Daily Profit requirements also apply to funded accounts)

Automated high-frequency trading is prohibited on all accounts. This is monitored across all accounts and will be flagged by our system without discretion.

Once you pass your evaluation (account meets all requirements), stop trading immediately to avoid falling below the profit target, which could void your passed status.

Be mindful and respectful toward support agents and follow the guidelines. Sharing you login information is not allowed.

Hedging is not allowed during the evaluation phase at any point. It is prohibited to be long in one account and short in another account.

You can hold up to 15 Evaluation accounts at any given point in time.

Once funded, the following limits apply:

• You can hold up to 15 funded accounts total

• This includes Pro Static, Pro Trailing, S2L, and S2F accounts

S2F Limit:

• A maximum of 5 S2F accounts is allowed within your total funded accounts

Closing Trades
You may hold trades beyond 4:59PM ET, however, be aware position(s) will be subject to Mark-to-Market adjustments and could cause your account to hit the trailing/maximum loss limit. For more detailed information, please see the following link: CME Group - Mark to Market: https://www.cmegroup.com/education/courses/introduction-to-futures/mark-to-market.html

DayTraders.com will not attempt to close your position at 4:59PM ET, it is your responsibility to close any open positions or pending orders.

Account adjustments will not be made for account that are blown because of any positions or orders that remained open through market close.

Note: Your account will not be failed if you hold a position through market close or over the weekend. It will be failed if it hits the drawdown because of M-to-M adjustment.

You may trade on holidays as long as the market is open, but half-day holidays don’t count as trading days. Agricultural markets and others with early closures require earlier trade management.

DCA is allowed during both the evaluation and Pro account phases.

News trading is allowed. Trading during news is not recommended as liquidity can drastically decrease and volatility can drastically increase, potentially leading to unfavorable fills. Exercise caution during these times.

• Evaluation Accounts require at least 2 qualifying trading days to pass

• Pro Accounts require at least 8 qualifying trading days to be eligible for payout

• S2F Accounts require at least 10 qualifying trading days to be eligible for payout

Pro accounts retain the same drawdown rules as their evaluation accounts. These include either static or intraday trailing drawdowns.

S2F accounts use an End-of-Day (EOD) trailing drawdown, which only updates based on your highest balance at the close of each trading day. This provides more flexibility and reduces the likelihood of a loss due to intraday price movement.

A trading day runs from 6:00 PM ET to 5:00 PM ET the next day

Trades placed during this window count toward the same trading day.

DayTraders evaluates traders based on consistency and performance. Meeting balance requirements is necessary to request payouts and remain eligible for progression. See link for details: https://daytraders.com/help/articles/14367899-funded-account-trading-rules-pro-s2f#h_04d0aa1b30

At DayTraders, progression to live trading is based on performance.

• Traders may be transitioned to a live account at any time based on performance and risk evaluation.

• Performance and consistency are continuously reviewed by the Risk Team.

• There is no guaranteed promotion. Consistency and rule adherence are required.

• We currently transition around 1% of traders that come through the sim funded program.

Live Transition Payout Rule:

If you are moved to live during a payout and your total payouts exceed $10,000:

• 50% of the payout will be sent to your payout method

• 50% will be allocated to your live account

Specific account parameters will be discussed with a Risk Manager.

At minimum, 50% of your payout will be your MLL in live.

DayTraders applies consistency rules based on account type. Evaluation accounts have a 50% max single-day profit rule, Pro accounts have a 30% max single-day profit rule, and S2F accounts have a 20% max single-day profit rule. The trading cycle begins on the first trading day or after the last approved payout request. If a trader exceeds the allowed consistency percentage, they are not eligible for payout until further trading reduces the largest winning day below the allowed percentage.

Daily Loss Limits vary by account type. Trail and Static accounts do not list a DLL, while EOD, S2F, and S2L/Live accounts may include fixed daily loss thresholds depending on account size or plan. If the DLL is reached, trading is paused for the remainder of the session.

DayTraders Pro accounts require 8 qualifying days between payout requests. Once a payout is approved, the next session begins Day 1 of the new payout cycle. Pro accounts have a minimum payout request of $500, a required minimum balance to request, a minimum balance after withdrawal, and account-specific max payout limits.

Live accounts operate on an 80/20 profit split, with 80% going to the trader and 20% to DayTraders. Live accounts require a $1,000 buffer above the initial account balance, and traders may only withdraw funds above that buffer. The trailing drawdown must first lock at the initial balance before payouts are unlocked. Once eligible, live payouts can be requested through the trader dashboard, with no stated payout limits.