TradeDay Payout Fees: Complete Cost Breakdown

Written by Paul

Published on

January 16, 2026

TradeDay charges zero withdrawal fees for US bank wires, $15 flat fee for international bank wires, and crypto withdrawal fees depend on network: Layer 2 (L2) is free, Layer 1 (L1) costs $2.50 plus network gas fees. These are Riseworks processing fees—TradeDay doesn't take additional cuts beyond the profit split (80/90/95% depending on lifetime withdrawal tier). For US traders withdrawing via domestic wire, there are literally zero fees—you request $1,000, you receive $800 after 80/20 split, no deductions.

However, profit split IS effectively a fee—it's the cost of using TradeDay's capital. On your first $50K in lifetime withdrawals, TradeDay keeps 20% of every payout. Withdraw $2,000, they keep $400, you get $1,600. Once you cross $50K lifetime withdrawn, split improves to 90/10 (they keep 10%, you get 90%). Cross $100K lifetime and you reach 95/5 split. The profit split is non-negotiable and applies to every withdrawal regardless of method chosen.

Additional hidden costs exist depending on withdrawal method: international bank wires may incur correspondent bank fees ($10-50) and currency conversion charges controlled by your bank, not TradeDay. Layer 1 crypto withdrawals on Ethereum mainnet during high gas periods can cost $5-30 in network fees on top of the $2.50 Riseworks charge. Always calculate true cost before requesting withdrawal to avoid surprises when funds arrive lower than expected.

Quick heads-up: This article is based on my real experience with TradeDay and the info available when I published/updated this. Things change in prop trading — rules, payouts, promos, all of it.

For the absolute latest, check TradeDay´s website or their faq page.

Profit Split: The Primary "Fee"

While not technically labeled a "fee," TradeDay's profit split functions as the main cost of withdrawals.

Lifetime Withdrawal Tiers:

Tier 1 (80/20 Split):
Lifetime withdrawn: $0-$50,000
Your share: 80%
TradeDay's share: 20%

Example: Withdraw $2,500 → You receive $2,000, TradeDay keeps $500

Tier 2 (90/10 Split):
Lifetime withdrawn: $50,001-$100,000
Your share: 90%
TradeDay's share: 10%

Example: Withdraw $2,500 → You receive $2,250, TradeDay keeps $250

Tier 3 (95/5 Split):
Lifetime withdrawn: $100,001+
Your share: 95%
TradeDay's share: 5%

Example: Withdraw $2,500 → You receive $2,375, TradeDay keeps $125

Tier Progression Example:

Trader starts with zero lifetime withdrawals (Tier 1, 80/20):

Withdrawal 1: $3,000 → Receives $2,400 ($600 to TradeDay)
Lifetime total: $3,000

Withdrawal 2: $5,000 → Receives $4,000 ($1,000 to TradeDay)
Lifetime total: $8,000

...continues withdrawing...

Withdrawal 20: $2,500 → Lifetime total now $49,500
Receives $2,000 (still 80/20)

Withdrawal 21: $2,500 → Lifetime total crosses $50,000 → Tier upgrades to 90/10
Receives $2,250 (now 90/10 split)

All future withdrawals at 90/10 until crossing $100K, then moves to 95/5.

Buffer Zone Exception:

If withdrawal dips into buffer zone (below starting balance + drawdown), that portion has 50/50 split:

Account balance: $52,500
Buffer: $52,000
Withdrawal request: $1,000

Split calculation:

First $500 (above buffer): 80/20 split → You get $400
Next $500 (into buffer): 50/50 split → You get $250
Total received: $650 (effective 65% of withdrawal)
TradeDay keeps: $350 (effective 35%)

Buffer withdrawals significantly worsen your effective payout. Avoid unless necessary.

Withdrawal Method Fees

Beyond profit split, you pay fees based on withdrawal method selected in Riseworks.

Withdrawal Method	Fee	Processing Time	Best For
US Bank Wire	$0	3-5 business days	US traders (free, reliable)
International Wire	$15 flat	5-10 business days	Non-US traders, large withdrawals
Layer 2 Crypto (L2)	$0	1-2 hours	Fast withdrawals, international
Layer 1 Crypto (L1)	$2.50 + gas	1-2 hours	Rarely recommended (L2 superior)

US Bank Wire (Free):

Zero fees for US domestic wires. Withdrawal of $2,000 after 80/20 split = $1,600 arrives in your account. No deductions.

Arrival time: 3-5 business days typically. Some banks receive next-day.

International Bank Wire ($15):

$15 flat fee regardless of amount withdrawn. Withdraw $500 or $5,000, same $15 cost.

Additional considerations:

Correspondent banks may charge $10-50 (TradeDay doesn't control this)
Your receiving bank may charge incoming wire fee ($10-25)
Currency conversion fees if not USD account (1-3% typically)

Real cost example:

Request $2,000 withdrawal
After 80/20 split: $1,600
Riseworks fee: -$15
Correspondent bank: -$25
Your bank receiving fee: -$15
Net received: $1,545 (22.75% total cost of $2,000 withdrawal)

International wires can be expensive for small withdrawals. Better strategy: accumulate $3,000-5,000 before withdrawing to spread fixed fees across larger base.

Layer 2 Crypto (FREE):

Zero fees for L2 withdrawals on networks like Arbitrum, Optimism, Polygon, Base.

Withdrawal of $1,600 (after split) = $1,600 arrives in wallet. Perfect 1:1.

Processing: Within 1-2 hours of requesting via Riseworks. Fastest option available.

To withdraw: Select L2 crypto in Riseworks → Choose network (Arbitrum recommended) → Paste wallet address → Confirm. Funds arrive shortly.

Layer 1 Crypto ($2.50 + Gas):

$2.50 Riseworks fee PLUS Ethereum network gas fees (variable $2-30 depending on network congestion).

Rarely recommended—L2 offers same crypto benefits with zero fees. Only use L1 if your wallet/exchange doesn't support L2 networks.

Hidden Fees to Watch For

Correspondent Bank Fees (International Wires):

When wire crosses borders, correspondent/intermediary banks charge $10-50 for routing. These fees are deducted from your withdrawal before arrival. TradeDay and Riseworks have no control—it's international banking infrastructure.

Solution: Use L2 crypto to bypass traditional banking fees entirely.

Currency Conversion (Non-USD Banks):

If your bank account is EUR, GBP, or other non-USD currency, your bank converts incoming USD wire using their exchange rate (typically 1-3% worse than market rate).

Example:

Withdrawal: $1,600 USD
Bank rate: 1.08 EUR/USD (market rate 1.10)
Received: ~€1,481 instead of €1,528
Lost to conversion: ~€47 (~3%)

Solution: Open USD account at multi-currency bank (Wise, Revolut) to receive USD wires directly, then convert at better rates.

Crypto Gas Fees (L1):

Ethereum mainnet gas fees fluctuate wildly:

Low congestion: $2-5
Medium congestion: $8-15
High congestion: $20-50+

These are network fees, not controlled by TradeDay/Riseworks. Charged on top of $2.50 Riseworks fee.

Solution: Use L2 networks (Arbitrum, Optimism) which have near-zero gas costs.

Receiving Bank Fees:

Your bank may charge incoming wire fees:

US banks: $0-15 typically
International banks: $10-30 typically
Some banks waive for premium accounts

Check your bank's fee schedule before choosing wire option.

Fee Comparison Examples

Scenario A: US Trader, $2,000 Withdrawal

Method: US bank wire
Profit split (80/20): $2,000 → $1,600 payout
Wire fee: $0
Bank receiving fee: $0
Net received: $1,600 (80% of original)

Scenario B: International Trader, $2,000 Withdrawal (Bank Wire)

Method: International wire
Profit split (80/20): $2,000 → $1,600 payout
Riseworks fee: -$15
Correspondent bank: -$20
Receiving bank: -$15
Currency conversion loss: -$32
Net received: $1,518 (75.9% of original)

Scenario C: International Trader, $2,000 Withdrawal (L2 Crypto)

Method: Layer 2 crypto
Profit split (80/20): $2,000 → $1,600 payout
L2 withdrawal fee: $0
Network gas: ~$0.10
Net received: ~$1,600 (80% of original)

Scenario C demonstrates why L2 crypto is superior for international traders—matches US wire efficiency.

Scenario D: Small Withdrawal, $500 (International Wire)

Method: International wire
Profit split (80/20): $500 → $400 payout
Riseworks fee: -$15
Correspondent bank: -$20
Receiving bank: -$15
Net received: $350 (70% of original)

Fixed fees destroy small withdrawals. Accumulate larger amounts before withdrawing if using international wire.

Optimizing Withdrawal Costs

Strategy 1: Choose Right Method for Your Location

US traders: Always use US bank wire (free)
International traders: Use L2 crypto if comfortable with crypto, otherwise batch withdrawals to spread wire fees

Strategy 2: Withdraw Larger Amounts Less Frequently

Fixed fees ($15 international wire) hurt small withdrawals. Instead of withdrawing $500 four times ($60 in fees), withdraw $2,000 once ($15 in fees).

Balance this with risk management—don't let unrealized profits grow too large just to save fees.

Strategy 3: Avoid Buffer Zone Withdrawals

Withdrawing into buffer costs you 50/50 split on that portion. A $1,000 withdrawal that dips $200 into buffer effectively loses you $100 extra ($200 × 50% instead of 20%).

Maintain healthy cushion above buffer before withdrawing.

Strategy 4: Progress Through Tiers Quickly

80/20 split costs you 20% of every withdrawal. Reaching 90/10 tier ($50K lifetime) cuts that cost in half to 10%. Reaching 95/5 tier ($100K lifetime) reduces to just 5%.

Strategic approach: Reinvest some profits to grow accounts faster, reach higher tiers sooner, pay lower percentage fees on future withdrawals.

Strategy 5: Time Crypto Withdrawals During Low Gas

If using L1 crypto (not recommended, but if necessary), withdraw during:

Weekends (lower network usage)
Early morning US time (3-7 AM CT)
Monitor gas prices at etherscan.io/gastracker

Can save $10-20 on single withdrawal by timing correctly.

FAQ

Are there withdrawal fees at TradeDay?

Yes, but depends on method. US bank wires: $0. International wires: $15. L2 crypto: $0. L1 crypto: $2.50 + gas.

How much does TradeDay take from withdrawals?

20% on first $50K lifetime withdrawn, 10% on $50K-$100K, 5% above $100K. This is profit split, not technically a "fee."

Which withdrawal method is cheapest?

US traders: US bank wire (free). International traders: L2 crypto (free). Most expensive: L1 crypto or small international wires.

Can I avoid the profit split?

No. Profit split applies to every withdrawal regardless of amount or method. It's the core business model.

Do I pay fees on every withdrawal?

Profit split yes (every withdrawal). Method fees depend on choice—US wire and L2 crypto are free.

What if my bank charges incoming wire fee?

That's between you and your bank, not TradeDay's control. Check your bank's fee schedule or switch to crypto method.

Are correspondent bank fees refundable?

No. Intermediary bank fees are deducted in transit, neither TradeDay nor Riseworks can refund them.

Is there a minimum withdrawal to avoid fees?

No minimum fee threshold, but small withdrawals suffer more from fixed costs. $500 withdrawal paying $15 wire = 3% fee. $5,000 withdrawal paying $15 = 0.3% fee.

Do withdrawal fees change based on account size?

No. Fees are same whether withdrawing from $50K or $150K account. Only profit split tiers change based on lifetime withdrawn amount, not account size.