Day Traders Review

Day Traders Ratings at a Glance

Day Traders Prop Firm At a Glance 

Key features that set day traders apart:

1. Automated Payout Approval Technology:
• Instant Approval: Day Traders has implemented advanced automated payout technology, allowing for immediate payout approval if traders meet all rule criteria. This creates a seamless experience where rule-following traders can count on instant payout approvals without unnecessary delays.
2. Transparent and Clear Trading Rules:
• Pro Account: The Pro Account is designed with clearly defined rules to guide traders to success. With an 8-day minimum trading requirement, a 30% consistency rule and a daily profit target, traders can operate within a well-structured framework.
• Evaluation Account: The Evaluation Account offers a transparent path to the Pro Account with a 5-day minimum trading requirement and a 50% consistency rule for new traders. Flexibility is built into this structure to ensure minor variances don’t disrupt account progression.
3. Robust Account Structure and Risk Management Options:
• Largest Range of Account Sizes: Day Traders offers 14 different account sizes with trailing and static drawdown options – unmatched in the industry. This selection empowers traders to choose an account size and risk management style that aligns with their trading goals and preferences.
4. Profit-sharing and Fee Structure:
• 100% Profit Payouts: Traders keep 100% of their earnings, with no deductions, allowing them to benefit fully from their efforts.
• One-Time Activation Fee: The Pro Account requires only a one-time activation fee of $130, regardless of the account size. This straightforward fee structure supports traders with transparent costs and no hidden fees.
5. Commitment to Integrity and Fair Trading Practices:
• Strict Compliance Policies: Day Traders prohibit hedging across accounts and high-frequency trading (HFT) automation to ensure fairness. These policies protect the platform's integrity, ensuring a fair environment for all traders.

Day Traders Product Offering

One of Day Traders’ main selling points is that its founders built the technology that powers the world’s biggest futures funding evaluation company.

Day Traders doesn’t mention the company by name on its website. However, Riot, the founder of Day Traders, cofounded Apex Trader Funding with Darrell Martin and John Mark Skelton in 2021.

The company’s leaders say they noticed a gap in the industry and wanted to provide comprehensive resources and support to futures traders at all levels.

To do so, Day Traders provides a wide range of educational materials, tutorials, real-time data, resources and trading strategies. It also offers several ways for traders to get help through its extensive customer support and online communities. 

Additionally, Day Traders offers an automated payout system that allows traders to get approved in seconds if they’ve met certain requirements. Other appealing features include receiving an account instantly upon payment, straightforward and transparent trading rules and multiple funding options to choose your account size.

Unlike some of its competitors, DayTraders offers multiple static account types. This can be a major benefit, as you don’t have to deal with a trailing account.

DayTraders is building a solid reputation among futures traders and appears to be delivering on its goal of bringing transparency and fairness.

Customer support can be critical for day traders. The platform puts its users first in everything it does, offering support through various features. The futures funding company gives users several ways to connect with customer support or find the necessary answers.

Through the “Help Desk” section of the DayTraders website, users can search many comprehensive articles that answer frequently asked questions. The company also has a link on its homepage for 24/7 online support through live and AI chat.

Additionally, DayTraders has communities across social media, including Instagram, Facebook, Discord and YouTube. This means users have many different avenues for asking questions and exchanging knowledge with other traders of varying skill levels.

Users have posted just 66 reviews of Day Traders on Trustpilot. While 3% of the reviews rate DayTraders as a 1 or 2, 97% rate the company as a 5. Many reviewers have complimented the company’s customer support for responding quickly to inquiries and working to resolve issues quickly.

Day Traders has a Trustpilot rating of 4.7 out of 5 with 65 reviews.

For all its talk of transparency and customer support, DayTraders provides little more than a marketing blurb and boilerplate language regarding security in its privacy policy.

Under the “Secure & Compliant” headline on its homepage, the company advertises full data encryption to prevent data breaches. Its privacy policy says it uses electronic, physical and administrative safeguards to comply with regulations for protecting user information.

Any information you submit to Day Traders is encrypted with secure socket layer (SSL) technology. Computers and servers are kept in an environment secured by a firewall and access to user data is limited to employees assisting customers. Users are required to create secure passwords for their accounts.

A web search brings up a link for a page on the company’s website titled “Secure,” but the page in question no longer exists.

Overall, DayTraders could step up its security efforts by including more information about how user information is handled and how financial transactions are secured.

The one-time cost to access accounts from $25,000 to $150,000 for a full plan ranges from $125 to $350. For a static plan with capital accounts of $50,000 to $300,000, the fee can be anywhere from $200 to $575.

Riot founded DayTraders to help anyone interested in trading futures learn, develop their skills and find success. To this end, the platform is designed to be user-friendly for both beginner and experienced day traders.

The environment DayTraders provides allows traders to access real-time data on the futures market and other tools. As mentioned, traders have numerous educational resources at their fingertips. Every user has personalized support options available, as well as an encouraging community to help them along.

Day Traders vs. Competitors

DayTraders has several notable competitors in other funded trader programs, including Apex Trader Funding, My Funded Futures and TradeDay.

All of these prop firms have a one-step evaluation process for funding. However, you’ll find slight differences in their rules, payment methods, ease of payouts and the difficulty of their prop trading tests.

Overall, Day Traders rates a solid 4 out of 5.

Whether you’re just starting trading futures or a veteran trader, Day Traders could be a worthwhile option among many popular futures funding companies. The user-friendly platform is well-suited for beginners and old hands and offers traders all the resources and tools to generate profits.

Clear, straightforward trading rules, real-time data, educational materials, risk management tools and solid customer support enable DayTraders to live up to its mission of helping futures traders flourish.

Traders can get a funded account quickly after showcasing their ability to make money and manage risk. With minimal rules, traders can choose how they trade and the technology is set up to support them at every level.

Compared to other futures funding companies, Day Traders’ website is uncluttered and clear in its purpose: to get you trading as quickly as possible. However, the limited amount of information regarding security and how user information is handled contradicts the company’s stated goals of transparency and accessibility.

Even so, that’s a relatively minor detail that shouldn’t be too tough to fix for a fairly new prop trading platform that appears to be gaining ground among discerning futures traders.