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Forex firms comparator

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52 differences

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Headquarters

Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates

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

CEO

David Viota

Jakub Zeliska

Country

United Arab Emirates

United Arab Emirates

Foundation

2023

2023

Banned Countries
United Arab Emirates, Bangladesh, North Korea, Syria, American Samoa, Grenada, Chad, Belize, Antigua and Barbuda, Indonesia, Cape Verde, Tuvalu, Bouvet Island, Burundi, Cook Islands, Eritrea, Vietnam, Comoros, Fiji, Iran, Afghanistan, Cuba, Sudan
Afghanistan, Central African Republic, Crimea, Donetsk and Luhansk regions of Ukraine, Cuba, Iran, Iraq, Kosovo, Libya, Mali, Myanmar, North Korea, Palestine, Russia, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela
Assets
Forex, Indices, Metals, Commodities, Stocks, Crypto
Forex, Commodities, Indices, Stocks, Crypto
Brokers

OGM International LTD

Royal Flow - FZCO
Refund
Limited

The fee is refunded with the fourth payout. The statutory 14-day withdrawal right applies only before the first trade is opened.

Yes

200% Challenge fee refund after the 3rd fully approved payout on Challenge accounts (Ash, Thunderbolt and Phoenix). The trader must request it through support. A partially approved payout or a payout with a strategy violation permanently disqualifies that account. It does not apply to Instant Funding accounts.

Platforms
MetaTrader 5, Match-Trader
TradeLocker, Metatrader 5, MatchTrader, cTrader, DX
Demo Account
Metatrader 5
ID80512087PasswordOC$rWP7A#cServerOGMInternational
Metatrader 5
ID1293766PasswordUpcomers1.ServerUpcomers-Server
Payout Methods
Crypto, Wise
Crypto, Transfer
Payment Methods
Card, Bank Transfer
Card, Crypto, PayPal, ApplePay, GooglePay, Skrill
Payout Frequency

Every 14 days, with no initial waiting period. There must be no open positions when requesting a payout.

  • Withdrawal review by Risk Team: 24-48h (account trading is frozen during review).
  • Bank transfers: 2-5 business days after approval.
  • Crypto: faster, depends on blockchain network.
  • Other programs: minimum 1% profit required per payout (resets after each payout).
  • Turbo accounts: minimum 5 trading days per payout (each ≥0.5% profit).
  • Vanguard (Instant Funding): minimum 5 trading days per payout (each ≥0.5% profit).
  • Horizon and Odyssey: first payout 14 days after the funded account starts, then every 14 days. At least 3% profit of the initial balance is required before each payout, including between payouts, together with the required valid trading days.
Payout Guarantee

48-hour guarantee: if Orion does not process the payout on time, it applies a 100% profit split and refunds the evaluation fee.

No data
Crypto Weekend Trading
Yes
Yes
Maximum Withdrawal

No limit

Payout cap progresses with each approved withdrawal on the same funded account:

  • Payout #1: 1% of initial balance
  • Payout #2: 2%
  • Payout #3: 3%
  • Payout #4: 4%
  • Payout #5: 5%
  • Payout #6: 6%
  • Payout #7: account resets to initial balance with NO payout cap (unlimited from #8 onwards)
    Cap only increases after a FULLY approved withdrawal. Partial or declined payouts do not progress the cap.
Minimum Withdrawal

$100

No data
Payout Fee
No data
  • Bank Transfer (recommended): $19.90 + 2.49%.
  • Cryptocurrency: $19.90 + 30% (higher due to limited UAE crypto liquidity).
  • Returned payouts: $30 reprocessing fee (covers real bank/admin cost of reprocessing; not a penalty).
Forex
30:1 - 100:1
100:1
Metals
9:1 - 30:1
30:1
Energies
3.3:1
30:1
Indices
15:1 - 50:1
30:1
Stocks
1:1
30:1
Crypto
1:1
30:1
Forex
4 / lot
5 / lot
Metals
4 / lot
5 / lot
Energies
4 / lot
0
Indices
0 / lot
0
Stocks
0 / lot
0
Crypto
0 / lot
0.04%
Commission-Free Option
No
No
Swap Free
Yes

Swap-free accounts are available as a paid option. Terms and availability depend on the selected product.

Yes

All accounts are swap‑free

Add-ons
No
No
Instant
Yes
Yes
One Step
Yes
Yes
Account scaling
Yes

Over a rolling 3-month period: 15% return, at least 2 of 3 profitable months, and 3 payouts. Balance increases by 25%, profit split rises to 90%, and the account can scale up to $4,000,000.

Yes

Scaling Plan for Thunderbolt and Vanguard accounts:

  • Apply every 4 consecutive months via help@upcomers.com.
  • +35% increase on simulated initial balance per cycle.
  • Maximum allocation scalable up to $4,000,000.
    Requirements per cycle:
  • ≥15% cumulative account growth across the 4 months.
  • ≥2 withdrawals completed in the 4-month period.
  • Final cycle must end in profit.
    Separate "4M on request" individual contract available after 6+ consecutive profitable months.
Two Steps
Yes
Yes
Max Drawdown

The mechanism depends on the product: static on Standard, Swing, and Select; trailing with a lock on Zero and Nova funded accounts.

Current CFD programs use two systems:

  • Dynamic Risk Shield™: 6% on Ash and Thunderbolt, 10% on Phoenix Legacy, 8% on Vanguard, 5% on Oracle and 4% on Ember. It trails the equity high-water mark and locks at the initial balance where specified.
  • Static maximum loss: 6% on Phoenix Classic. The floor is fixed from the initial balance.
    Percentages and behavior are shown per phase in the challenge catalogue.
  • Horizon and Odyssey: Dynamic Risk Shield™ follows the highest equity, only moves upward and stops at the initial balance, in evaluation and funded phases.
Profit Split

80% initially. It rises to 90% after meeting the scaling-plan requirements.

80% base profit split. At checkout, 90% is the default option and 100% is also available; both raise the Challenge price. Horizon and Odyssey have a fixed 80% split. The selected split remains linked to that account, and older accounts retain their original conditions.

Free Trial
No
Yes
Daily Drawdown

Calculated on equity and includes open trades, commissions, and swaps. The applicable percentage is shown on each challenge.

Resets daily at 00:00 UTC and is calculated under the rules of each program. Current limits:

  • Ash Classic/Turbo and Thunderbolt Classic/Turbo: 3%
  • Phoenix Classic: 4%
  • Phoenix Legacy: 5%
  • Vanguard and Oracle: 4%
  • Ember: no daily drawdown
  • Horizon: 3% and Odyssey: 4%, in evaluation and funded.
Three Steps
Yes
Yes
Max Allocation
400,000
1,500,000
Maximum Accounts

Maximum combined initial allocation of $400,000.

No data
Merge Accounts
No
No
Maximum Trading Days

No maximum time limit.

Classic and Legacy challenges have no time limit. Ash Turbo and Thunderbolt Turbo have 30 calendar days and a maximum of 7 trading days.

Minimum Trading Days

Standard, Swing, and Select require 4 minimum trading days per evaluation phase. Zero and Nova have no published minimum.

No minimum trading days to pass the challenge in any Classic or Turbo program. Turbo challenges require only 1 trading day with real activity. For those programs, minimums apply only at the payout stage: see 'minimumProfitableDays'.
Horizon requires 2 valid trading days in its evaluation. Odyssey requires 2 valid trading days in each evaluation phase. A valid day earns at least 0.5% of the initial balance.

Account Reset
No data

Resets are offered as an alternative to full suspension after a rule violation. The account continues trading, but every future payout on that account is permanently capped at 50% of the approved amount.

Monthly Competition
No data
No
Minimum Profitable Days
No data

Payout eligibility requirements (a valid day has at least 0.5% realized profit):

  • Vanguard, Oracle, Ember, Phoenix Legacy, Ash Turbo and Thunderbolt Turbo: 5 valid days
  • Ash Classic, Thunderbolt Classic and Phoenix Classic: no valid-day minimum
    The counter resets after each successful payout.
    Horizon funded accounts require per payout 3 valid days up to $50,000, 4 above $50,000 and below $200,000, and 5 from $200,000. Odyssey funded accounts require 3 below $100,000 and 4 from $100,000. Each valid day earns at least 0.5% of the initial balance.
Expert Advisor (EA)
Yes

EAs are allowed when the strategy is the trader's own and does not breach prohibited practices such as arbitrage, HFT, or exploitation of delays and errors.

Yes

Allowed, including third-party EAs, bots and trade or risk managers, as long as the trading rules are followed. HFT, tick scalping, latency arbitrage, emulators and running the same EA with the same settings as other traders are prohibited.

VPN
Yes
Limited

Not explicitly prohibited, but strongly discouraged. Use of VPN/VPS during KYC/AML verification is prohibited and can result in the account not being funded or being closed. If suspicious activity is detected, VPN usage will be used against the trader in the review.

Hedging
Limited

Hedging within one account is allowed. Hedging positions across multiple accounts to manipulate results is prohibited.

No

Prohibited, also within the same account and across multiple accounts.

Requires Stop Loss
No
No
Scalping
Limited

Manual scalping is allowed, but tick scalping, HFT, and strategies exploiting delays or pricing errors are prohibited.

Yes
Stacking / Layering (DCA)
Limited

Multiple positions are allowed as part of a legitimate strategy; excessive or coordinated exposure intended to bypass risk rules is prohibited.

Yes

Multiple challenges and funded accounts combinable under a single user profile, as long as total funded capital does not exceed $1,500,000 across all Upcomers programs.

Martingale
No
No data
Maximum Risk Limit
Limited

Orion may treat excessive exposure, overleveraging, and other risk practices inconsistent with realistic trading as a breach.

Yes

Maximum loss per trade in the funded phase (all positions on the same instrument and direction count as one trade):

  • Ash Classic, Thunderbolt Classic and Phoenix Classic: 3%
  • Phoenix Legacy, Odyssey, Vanguard and Oracle: 2%
  • Ash Turbo, Thunderbolt Turbo, Horizon and Ember: 1.5%
    Exceeding the applicable limit is a hard breach.
Copy Trading
Limited

Copying between your own Orion accounts is allowed. Copying signals, third-party accounts, or external services is prohibited.

Limited

Only between accounts owned by the same person (Upcomers, other prop firms or brokers). Copying to or from other people's accounts and signal services are prohibited.

News Trading
Limited

During evaluation there is no timing restriction, but using news as a strategy is prohibited. On funded accounts, Nova, Standard, and Select prohibit opening or closing trades 2 minutes before and after high-impact news. Swing has no timing restriction. Zero allows it, but trades executed within 5 minutes before or after receive a 50% profit split.

Yes
Inactivity Rule
Limited

The account may be closed after prolonged inactivity under Orion's current terms.

35 consecutive calendar days without a trade closes the account automatically. Warning email sent 7 days before expiration.

Consistency Rule
Limited

The 20% Best Day rule applies only to Orion Zero and Orion Nova funded accounts.

Limited

Consistency is checked at payout and does not breach the account:

  • 20% Best Day Rule: current Classic, Legacy and Turbo challenges, Vanguard, Oracle and Ember
    The Best Day cycle resets after each successful payout.
  • Horizon and Odyssey: no consistency or Best Day Rule in evaluation or funded accounts.
Hold Weekend
Yes
Yes
Prohibited Strategies
  • Latency arbitrage, reverse arbitrage, and exploitation of prices or delays
  • HFT, tick scalping, and strategies designed to exploit the simulated environment
  • Copy trading from third parties or signal services
  • Hedging across accounts and coordinated opposite trades
  • Account rolling, third-party management, and sharing or reselling accounts
  • Gambling behaviour, overleveraging, and excessive exposure
  • Emulators, and running the same EA with the same settings as other traders to produce identical trades.
  • Tick scalping (trades held under 2 minutes on Oracle) and high-frequency trading (HFT).
  • Martingale, grid trading, one-sided bets, reverse trading and hedging (also within the same account).
  • News straddling (bracket orders placed around economic releases).
  • Signal services and copying trades from other people's accounts.
  • Team/group trading or executing identical trades across accounts to bypass the $1.5M cap.
  • Sharing passwords, account access or identity (KYC).
  • Exploiting platform bugs, delays or pricing errors.
  • Opening multiple user profiles (One Person, One Account policy).
  • Splitting trades intentionally to bypass the 20% Best Day Rule.
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