Forex firms comparator

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

Sublot 40, Level 3, Block A2, Saradise Kuching, Off Jalan Stutong, 93350, Kuching, Malaysia

Jakub Zeliska

Dixon Teo

United Arab Emirates

Malaysia

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.

• 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).

• 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.

• Forex Evaluation: Bi-weekly (every 14 calendar days). Instant first payout.
• Instant Funded X: Every 30 days.

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.

Instant Funded X: Greater of $100 or 1% of starting balance.

All accounts are swap‑free

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.

Instant Funded X: Weekend flat fee add-on and up to 90% profit split add-on available.

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.

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.

Forex Evaluation (X-1 & X-2 Step)
6% static drawdown from starting balance. Does not trail.

Instant Funded X
8% trailing drawdown. Trails upward with account growth. Once 8% profit is achieved, drawdown locks permanently at starting balance. After withdrawal, drawdown permanently locks at original starting balance.

Standard profit split: 90%. A trader can select 80% or 100% at checkout; changing the split also changes the Challenge price. The selected split remains linked to that account, and older accounts retain their original conditions.

• Forex Evaluation: 80%
• Instant Funded X: 80% (up to 90% with add-ons)

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.

Forex Evaluation & Instant Funded X: 5% daily max loss. Calculated from the higher of: prior day's end-of-day balance or equity. Resets at 5:00 PM EST.

• Forex: $400,000
• Instant Funded X: $100,000
• Max $1M in active evaluations per person
• Maximum one evaluation per specific account size and plan type simultaneously across all platforms

• Case-by-case. Only possible when multiple assessments of identical product tier, step, and platform are passed simultaneously.
• Not permitted across different platforms, steps, or rule sets.

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

No time limit. Infinite evaluation duration.

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.

0 minimum trading days across all plans.

Monthly competitions with free evaluation prizes.

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.

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.

• EAs are allowed, but third-party or off-the-shelf strategies marketed to pass challenge accounts are banned.
• Strategy switching between evaluation and funded phases is also prohibited.

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.

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

• Hedging/reverse trades are permitted within a single account.
• Cross-account hedging is strictly prohibited.

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.

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.

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.

• Only allowed if you own all accounts involved.
• Group trading, signal services, and mirror trading across multiple accounts are banned.

• Opening positions within 3 minutes before or after news events is prohibited.
• Violations may result in position closure, P&L removal, leverage reduction, or account breach.

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

Accounts with zero trading activity for 30 consecutive days are hard breached.

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.

• Best trading day cannot exceed 45% of total profit target.
• If breached during evaluation, profit target adjusts upward.
• In funded phase, applies to withdrawal eligibility.
• Instant Funded X: No consistency rule.

• Forex Evaluation: Weekend holding allowed.
• Instant Funded X: All trades must be closed by 3:45 PM EST on Friday, or they are automatically closed (soft breach). Weekend holding add-on available.

• 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.

• Exploiting pricing/latency errors
• Front-running trades
• Using non-public/insider information
• Arbitraging across company or third-party accounts
• News event trading (within 3 minutes before/after)
• Excessive leverage/"all-in" trades resembling gambling
• Group hedging/reverse trading across multiple accounts
• Third-party strategies marketed for challenge accounts
• Strategy switching between evaluation and funded phases