Crypto firms comparator

Registered office: 9 St. Clair Road, Salisbury, England, SP2 8AE

Building A1, IFZA Business Park, Dubai Silicon Oasis, Dubai, United Arab Emirates

United Kingdom

United Arab Emirates

2026

2023

Jakub Zeliska

No refund for failing or breaching an account. Exceptions for duplicate charges, payment errors, non-delivery and applicable statutory rights.

Challenge accounts, including Thunderbolt and Phoenix, qualify for a bonus equal to 200% of the entry fee after the third fully approved payout. It does not apply to Vanguard Instant Funding.

Cashed intends to cover standard network fees where practical; exceptional costs disclosed in advance

Bank transfer: $19.90 + 2.49%. Cryptocurrency: $19.90 + 30%. Returned payouts: $30 reprocessing fee.

Standard, Flex and Build Your Own: on demand, with closed net profit and no open positions or orders. Instant: first payout after 1% closed net profit, without a waiting period; then every 48 hours. One pending request at a time. Shared-account payouts go to the owner.

Payouts are available on demand when all requirements are met. Thunderbolt and Phoenix have no profitable-day minimum. Vanguard requires 6 qualifying days with at least 0.5% realized profit each. The counter resets after every payout.

While the market remains tradable

Instant: first gross distribution capped at 5% of starting capital

Perpetuals use the same progressive payout-cap ladder as CFD accounts. The cap increases with each fully approved payout and is removed from payout #8 onward. Profit above the applicable cap is forfeited at the end of the segment.

20 USDC net to the trader

$45 after applying the selected profit split.

Live Hyperliquid order book and market data

At least 1% realized profit since account start or the previous payout; all positions closed; drawdown compliance; completed KYC and signed Trader Agreement.

BTC, ETH and SOL: up to 10:1. Major crypto: up to 5:1. Others: 2:1. The lower account or market limit applies.

BTC, ETH and SOL: up to 10:1. Other cryptocurrencies: up to 2:1

Forex perpetuals: up to 25:1

Gold and silver: up to 8:1. Copper: up to 5:1

WTI and Brent crude: up to 8:1

Index perpetuals: up to 10:1

Stock and ETF perpetuals: up to 4:1

Crypto perpetuals: 0.015% maker / 0.045% taker. Stocks, ETFs, indices, commodities and forex: 0.003% maker / 0.009% taker. MSTR, PURRDAT and GOLD: 0.03% maker / 0.09% taker. No spread markup; $10 minimum order.

Recurring funding payments are not currently debited or credited; displayed rates are reference data

The rulebook provides for account resets and upgrades; only the owner purchases them on shared accounts. Pricing is not published.

Resets may be offered after a rule violation. A violation-related reset permanently caps future payouts on that account at 50% of the approved amount.

Level 1: 3 payouts and 10% lifetime net profit, capital at 125% of its original amount and split up to 85%. Level 2: 6 payouts and 20%, capital at 150% and split up to 90%. Each qualifying payout may require a 1% gross distribution of current capital. $500,000 aggregate cap; a higher starting split is not reduced.

Eligible funded accounts can scale by 35% every four consecutive months, up to $4,000,000, after achieving 15% cumulative growth, at least two payouts and a profitable final cycle.

Static against starting capital and enforced on equity, including floating losses. It does not rise with profits or reset after payouts. Touching the floor breaches the rule.

Thunderbolt: 6% trailing Dynamic Risk Shield. Phoenix: 6% fixed maximum drawdown. Vanguard: 7% trailing maximum drawdown.

At 00:00 UTC, the percentage applies to the greater of starting capital and closed balance. Floating losses and costs count. A paid payout resets the allowance for the rest of the day using the remaining balance; the withdrawal is not a trading loss.

Thunderbolt: 3%. Phoenix: 3.5%. Vanguard: 3%. The daily boundary is 00:00 UTC.

Current Perpetuals accounts are sold up to $400,000. Total funded capital across all Upcomers programs cannot exceed $1,500,000. Eligible accounts can scale to $4,000,000.

Unlimited evaluations; up to 2 active Instant accounts. The funded-capital cap includes Instant, scaling and shared capital attributed to each member.

No evaluation time limit; inactivity rules apply

Unlimited.

0 days in evaluation and funded accounts

Thunderbolt and Phoenix have no minimum trading days to pass their evaluations. Vanguard has no evaluation.

100 XP = $1 account credit. Accounts with up to $10,000 capital may be paid entirely with XP. Above that: up to 50% of the price after coupons. Not withdrawable as cash.

80%, 90% or 100%, depending on the checkout option. The base catalogue prices correspond to 80%; the checkout defaults to 90%.

Thunderbolt and Phoenix: none. Vanguard: 6 days with at least 0.5% realized profit each before every payout.

Bots and algorithmic execution allowed, subject to API limits; spam, overload and latency exploitation prohibited

Privacy or security use allowed; not to bypass restricted jurisdictions, sanctions, bans or account controls

Not explicitly prohibited, but strongly discouraged. VPN or VPS use during KYC/AML verification is prohibited.

Within the same account where supported by the engine. Coordinated opposite positions across accounts to guarantee passing or payouts prohibited.

Hedging across multiple accounts is prohibited. Hedging within one account is allowed under normal trading rules.

No minimum holding time; exploiting stale prices prohibited

Normal scalping is allowed. Tick scalping, HFT and latency exploitation are prohibited; trades repeatedly closed in under two minutes may be treated as tick scalping.

No fixed risk-per-trade percentage or per-position margin-percentage cap; available margin, leverage, market limits and account-loss limits still apply. Up to 100 simultaneous positions in CAS-1.0.

Funded maximum loss per trade: 2% on Thunderbolt and Phoenix; 1.5% on Vanguard. Positions on the same instrument and direction count as one trade.

Between owned accounts and through the authorised built-in copier. One source per destination, no chains; unavailable on shared accounts. Never share credentials.

Possible closure after 90 consecutive days without trading in evaluation, funded and Instant accounts

The account expires after 35 consecutive days without closing a trade. A warning is sent 7 days before expiration.

20% Best Day Rule at payout for Thunderbolt, Phoenix and Vanguard. It is a soft payout requirement and does not breach the account.

Overnight and weekend holding allowed while the market remains tradable

All Perpetuals markets trade 24 hours a day, 7 days a week.

Latency, stale-price, technical-error or impossible-fill exploitation; coordinated risk-free cross-account hedging, abusive account farming, wash trading, spoofing, manipulation, API-limit evasion and third-party management outside authorised features.

Platform or feed exploitation, tick scalping, high-frequency trading, latency trading, arbitrage, grid trading, martingale, one-sided or all-or-nothing bets, reverse or group hedging, external signal or challenge-passing services, account sharing and coordinated trading are prohibited.