Overview:
DayTraders.com appears to be a newer entrant (reportedly launched in early 2024) focusing on futures trading evaluations. Their model is highlighted by a “No Profit Split” claim, suggesting traders keep 100% of their profits after passing an evaluation and paying a one-time evaluation fee. They emphasize simplicity and aim to attract traders by taking on the risk.
Key Points:
- Account Sizes (Evaluation): $25,000 (Trail), $50,000 (Trail or Static), $75,000 (Trail or Static).
- Year Started: Reported as early 2024.
- Minimum Evaluation Days: Information not readily available from the initial browse.
- Maximum Accounts: Information not readily available.
- Restricted Countries: Claims to allow trading from 100+ countries, implying few restrictions, but a specific official list was not found.
- Straight to Funded: Not explicitly offered; the model is based on passing an evaluation.
- Swing Trading: Information not readily available from the initial browse. Given the name “DayTraders,” it’s likely focused on intraday.
- Trading Platforms: Quantower (free license mentioned), Rithmic.
- Profit Split: “No Profit Split” – traders purportedly keep 100% of profits. This is likely after a one-time evaluation fee, with payouts based on performance in the funded account.
Product Table (Example Evaluation Accounts):
| Account Size | Drawdown Type | Drawdown Limit | Daily Loss Limit | Profit Target | One-Time Fee (Example) |
|---|---|---|---|---|---|
| $25,000 | Trailing | $1,500 | $500 | $1,750 | ~$88 |
| $50,000 | Trailing | $2,000 | $1,000 | $3,000 | ~$188 |
| $50,000 | Static | $2,000 | $1,000 | $3,000 | ~$218 |
| $75,000 | Trailing | $2,750 | $1,500 | $4,500 | ~$248 |
| $75,000 | Static | $2,750 | $1,500 | $4,500 | ~$288 |
Note: Fees are one-time for the evaluation. “No Profit Split” means the firm does not take a percentage of profits from the funded trader’s earnings after this fee.
Pros:
- Potentially 100% profit retention for the trader after passing the evaluation.
- One-time evaluation fee model, with no recurring costs mentioned for the evaluation itself.
- Offers both trailing and static drawdown options.
- Appears to be accessible to traders from many countries.
Cons:
- Very new firm, so long-term track record is yet to be established.
- Limited information available on their website regarding specific operational details like minimum trading days, maximum accounts, precise swing trading rules, and a detailed list of restricted countries.
- The “No Profit Split” model, while attractive, needs full understanding of payout conditions and any other potential fees or rules in the funded stage.
- Platform choice seems limited to Quantower and Rithmic based on initial findings.