DayTraders.comReviews of daytraders.com

The evals are reasonably priced and the rules clear. However, their Rithmic service fills are awful for me. I'm not sure what is causing this (laggy servers + triggered trailing stops..?) but it's really terrible, even compared to other props which are usually bad as default. For example, I placed just a few trades today and my Sierra Chart with their Denali data has me at +$120 after accounting for fees and commissions, but DayTraders Rithmic balance is only +$80. Crazy discrepancy and I would wager it is because I use a triggered trailing stop and their servers are not handling it well. edit: Lol, they flagged my review as for the wrong business.

Their trading software is a joke. Any firm that makes you use their software is a red flag

Have a pending support ticket that is over 2 weeks old approximately. Daytraders say that they don’t recognize me as a customer? That’s okay, just reminded support that my ticket is 2 weeks old and they resolved it. So obviously I am a customer.

Its all fake and mot worth your time

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

Where to begin. Bought a 300k account from them on their sale for 90% off. Assuming I could use Ninjatrader with their rithmic, nope Ninjatrader not supported. No problem, they have connection instructions for motivewave, I've used props that use them before, nope they stopped supporting them in April(No mention of it on the website). I also go to the dashboard to look at my totals, I do see where commission is charged but no where on the dash does it tell you what commissions were chared for what, there is just money missing. Guess we are supposed to calculate this ourselves. I asked them to refund me prior to trading the account due to all this, but I was told no refunds.........try someplace else.