DayTraders.comReviews of daytraders.com

Copy trading and bracket orders...enough said.

Normal rules. Fast Payouts. Helpful support. Everything, what a good propfirm has to offer.

Terrible prop firm. They changed their rules so that you have to meet arbitrary profit goals every 30 days that are not aligned with good risk management, so if the market is slow or your strategy has a break even month, they delete your accounts without warning. Absolute scam, I spent 1k on straight to funded accounts and then they change the terms immediately after I purchased the accounts. I would not recommend this prop firm to anyone, they will steal your money.

Overall good prop firm

ProjextX user on DayTraders (yes, they partnered last year with Topstep and leased ProjectX). I had almost no execution issues, even during outage times for Topstep (my mates reported they had major outages at certain times last year). This is why I can't give DT the lowest grade here, as I want to be fair about my experience. I went with DayTraders because they marketed their accounts as "Pay once, hold account forever". I knew I wouldn't be able to trade it as frequent as my live account and therefor this model looked perfect to me. Some months later I guess they decided that this is not making them enough revenue and so they added a new rule. In order to keep your account, you now must trade at least four "qualifying days". A qD is a market open day in which you must gain at least 8% of your trailing drawdown. They decided to call it an "activity rule". Mind you, if you lose 8% instead of gain, that doesn't count as activity they want. Also, if on that given day you go over 20% consistency, that doesn't qualify either as a "qD". This could be a hurdle a prop trader would be given in order to receive a payout, or maybe become funded, but they decided to make it a way to disqualify their customers "forever accounts", making them actively DayGamblers, because we now have to make at least 32% of entire max allowed drawdown in 4 days. Now, to add insult to injury, DayTraders also decided to impose this rule during the time period when most people are on their winter break vacation. As well as they made it a retroactive rule. Meaning, if you didn't gain 32% of you max DD over the span of four days, from Dec 31st to January 31st, your evaluation, but also fully funded account is GONE, closed out without a warning. They claim they had communicated this absurd rule via email to their traders, but they did not fully clarify that the rule takes into effect from December 31st on! Their mods on discord also told people to "relax and keep trading as they have until Jan 31st" I have proof of all of this saved. Come January 31st, many people woke up to their painstakingly traded accounts closed out. Some, their single accounts, others multiple, 4, even 15... Requests for leniency denied. Mind boggling decisions on part of this firm right before they are about to lose access to Topsteps ProjectX, which makes me worried they might be in financial trouble that could tank all of their traders accounts at once. In the end, I would love to change this impression and review for better in case DayTraders makes it right with the affected account holders, course corrects and etc. The idea of "forever accounts" is a great one...Make it more expensive if you really need to, but don't switch it up like this into something totally counter intuitive and counter trader, pro gambler. _____________________________________________________________ Update after DT response: I have already contacted your support and the answer was a resounding no. No, you don't want to give me back my accounts or a refund after you failed to give proper warning and explanation for the abrupt switchup of your entire model. No, you don't want to acknowledge that you are now effectively forcing people who are traders into gambling their "trading accounts" away. In a remote chance one of those no's turns into a yes some day and you course correct, please tap me with a response here, so that I can re-evaluate my grade and opinion of your firm. God bless

This Prop Firm is not trying to be anything other than what it is. Rules and guide lines are there for you to read. Cost is good for my budget.

At this stage in my trading journey and being introduced to the prop firm world, DayTraders has been amazing! Seamless account process, haven’t had to speak with customer service which is always great due to the fact of no issues in purchase through trading! Can’t say enough about this firm. I have literally tried them all seems like and blown more accounts due to my own inexperience and unclear ridiculous rules!!!! Upfront from the beginning and the description of services and rules follow the experience offered on ONYX. Amazing as well! Try em out don’t think you will be disappointed!!!! Thank you DayTtaders!!!

First propfirm, first payout. So far so good. Very happy with Daytraders.com