Forex firms comparator

Algaroud Center, Dubai, United Arab Emirates

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

Daniel Martin and Martin Najat

Jakub Zeliska

2018

2023

• 1-Step, 2 Step: 100% of your sign-up fee refunded when you hit 10% profit target on funded account
• Instant Funding: 50% of your sign-up fee refunded when you hit 10% profit target on funded account at level 2
• Instant Funding Pro: No refund

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).

1-Step, 2-Step

• 1st payout after at least 7 Profitable (0.5% or more) Trading Days and a Minimum of 2% net profit or $100 (whichever is higher).
• After your 1st payout, you can request any subsequent payouts Monthly, during the last 5 days of each month.

Instant

• You can request the 50% profit share from Level 1 when the 10% profit target is achieved on Level 2.
• You can request the second payout on Demand anytime once you have at least 5 profitable trading days and a minimum of 2% net profit or $100 (whichever is higher).
• After the 1st payout, you can request any subsequent payouts Bi-Weekly, on the 14th/15th & the last 2 days of each month.

• 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 6 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 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.

All accounts are swap‑free

You can reset your challenge with an unlimited 15% discount (1-Step, 2-Step, Instant Funding) or 10% (Instant Funding Pro)

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.

1-Step, 2-Step

• You must achieve at least a +10% profit overall in the last 4 months. (Withdrawals don't affect this target).
• Be profitable in at least 2 out of those 4 months.
• Your account must have a positive balance (in profit) at the time of scaling.
• Balance increases by +50% of its original balance, up to $100,000, and then $25,000 up to $200,000

Instant

• You must achieve a 10% net profit of the initial account balance. (Withdrawals don't affect this target).
• 20% Consistency Score.
• Your account balance doubles until you reach the $2 million per account.

Scaling Plan for Thunderbolt, Astral 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.

• 2-Step, Instant: Static
• 1-Step: Trailing

Current CFD programs use three systems:

• Dynamic Risk Shield™: 6% on Ash and Thunderbolt, 7% 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, Ignite Classic and Ignite Turbo; 10% on Phoenix Legacy; 7% on Surge. The floor is fixed from the initial balance.
• Nonstop Dynamic Risk Shield™: 3% on Supernova and Hypernova; 2% on Ultranova. It trails continuously and never locks.
  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.

• 1-Step, 2-Step: 80% (base value), 90% (Bronze Level), 100% (Silver Level)
• Instant Funding: starts at 50% (Level 1)
• Instant Funding Pro: starts at 70% (Level 2)
• Instant scaling: 80% (Level 3), 90% (Bronze Level), 100% (Silver Level)

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.

Balance-based

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, Ignite Classic/Turbo and Surge: 4%
• Phoenix Legacy: 5%
• Vanguard and Oracle: 4%
• Supernova and Hypernova: 2%
• Ember and Ultranova: no daily drawdown
• Horizon and Odyssey: daily limits by phase are shown in the challenge catalogue; Odyssey has a stricter daily limit when funded.

• 1-Step: $200,000
• 2-Step: $200,000
• Instant: $80,000

Unlimited

Classic, Legacy and non-Turbo Limited Drop challenges have no time limit. Ash Turbo, Thunderbolt Turbo and Ignite Turbo have 30 calendar days and a maximum of 7 trading days. Timed Instant Funding sessions last 24 hours on Supernova, 4 hours on Hypernova and 1 hour on Ultranova.

No minimum trading days to pass the challenge in any Classic, Turbo or Limited Drop (Ignite/Surge) 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.

Loyalty Program. Complete daily and weekly quests to earn points, unlock discounts, and win cash prizes or even free funded accounts.

• 1-Step, 2-Step: 3 days on evaluation phase, 7 days on funded phase
• Instant: 5 days for payout On Demand

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

• Vanguard: 6 valid days
• Oracle, Ember, Phoenix Legacy, Ignite Classic, Surge, Ash Turbo, Thunderbolt Turbo and Ignite Turbo: 5 valid days
• Ash Classic, Thunderbolt Classic and Phoenix Classic: no valid-day minimum
• Supernova and Hypernova: at least 7 trades in the timed session
• Ultranova: at least 5 trades in the timed session
  The counter resets after each successful payout.
  Horizon and Odyssey funded accounts require 3 valid days up to $50,000, 4 above $50,000 up to $200,000, and 5 above $200,000 per payout. Each valid day earns at least 0.5% of the initial balance.

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

Not using a stop loss is treated as a soft breach. Your account won’t be closed, but the system will automatically exit the trade after 1 minute if no stop loss has been set.

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, Vanguard and Oracle: 2%
• Ash Turbo, Thunderbolt Turbo, Ignite Classic, Ignite Turbo, Surge and Ember: 1.5%
• Supernova and Hypernova: 1%
• Ultranova: 0.5%
  Exceeding the applicable limit is a hard breach.

30 days

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

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

• 20% Best Day Rule: current Classic and Turbo challenges, Ignite, Surge, Vanguard, Oracle and Ember
• 30% Best Day Rule: Phoenix Legacy
• Best Trade Rule in timed Instant Funding: 15% on Supernova and Hypernova; 20% on Ultranova
  The Best Day cycle resets after each successful payout. The timed Best Trade Rule is final when the session ends.
• Horizon and Odyssey: no consistency or Best Day Rule in evaluation or funded accounts.

• Exploit Price Inefficiencies / Price Feed Errors
• Group Hedging / Hedging / Group Trading / Copy Trading
• Account Sharing / Reselling of Account / Account Management
• One-Sided Bets
• Gamble to Pass / Over-Leveraging
• Using 3rd-Party EAs (Excluding the 1-Step Challenge)
• Bracketing Strategies
• Martingale Trading Style (Excluding the 1-Step Challenge)
• Grid Trading

• Expert Advisors (EAs), bots, emulators or automated trading of any kind (even partial automation of entries, exits, SL/TP management or trade copying). Indicators used for analysis are allowed.
• Tick scalping (trades held under 2 minutes on Oracle/Supernova/Hypernova) and high-frequency trading (HFT).
• Martingale, grid trading, one-sided bets, reverse trading and group hedging.
• News straddling (bracket orders placed around economic releases).
• Signal services and copy trading from external sources.
• 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.