Futures firms comparator

450 Lexington Ave, New York, NY 10017

RM 1205, 12/f. Beverly Hse 93-107 Lockhart Rd Wan Chai Hong Kong

United States

Hong Kong

2026

2024

No Boxcar payout fee.

Evaluation and initial funding are simulated. Prime, Flex and Funded reach live review after 5 approved payouts. Payout triggers review at USD 6,000 / 8,000 / 10,000 / 12,000 daily profit for 25K / 50K / 100K / 150K; the risk team may also initiate review. Approval, KYC and a separate agreement are required. One live account per eligible funded account with at least one payout.
Live starts at USD 0 with size-based EOD drawdown of USD 1,000 / 2,000 / 3,000 / 4,500, no DLL and exchange-specific position scaling. The floor locks at USD 100 upon earning profit equal to the starting drawdown or requesting an earlier payout. Daily requests when eligible.
Moving live closes all household simulated accounts; accounts without payouts are refunded. Prime, Flex and Funded forfeit remaining simulated profit, apart from an eligible final payout. Payout may settle profit above the buffer, capped at USD 15,000 combined with the usual split, after broker verification; the prior close is used and the transition session is excluded. Standard cooldown after a live breach: 2 weeks.

Payout: daily requests when eligible. Prime: from 3 days; Flex and Funded: from 5 days per cycle. Plaid: instant delivery to US banks; WorkMarket by ADP: 2 days for international banks. Prior review and approval required.

EOD Challenge
Every 7 winning days (a winning day = net P&L ≥ 0.2% of account balance).

Sprint Challenge
Every 5 winning days.

FLEX Challenge
Every 5 winning days.

Instant Funded
Every 7 winning days. Minimum 10 calendar days before first payout. After first payout, must surpass previous equity high before next request.

GOAT Daily
Payout requests every 24 hours once funded.

Minimum payout: $500 across all sizes.

Gross amounts, in 25K / 50K / 100K / 150K order:

• Prime: first payout USD 1,000 / 2,000 / 2,500 / 3,000; later payouts USD 1,500 / 2,500 / 3,000 / 3,500.
• Flex: up to 50% of cycle profit, capped at USD 1,000 / 2,000 / 2,500 / 3,000.
• Payout: available profit above the buffer, with no additional per-request cap.
• Funded: payouts 1-3, USD 1,000 / 2,000 / 2,500 / 3,000; payouts 4-5, USD 1,000 / 2,500 / 3,000 / 3,500.

Caps grow with each payout number. FLEX Challenge does not publish caps.

EOD Challenge

• 1st: $50K $1,500 · $100K $2,000 · $150K $2,500
• 2nd: $50K $2,000 · $100K $2,750 · $150K $3,250
• 3rd: $50K $2,500 · $100K $3,250 · $150K $3,750
• 4th+: $50K $2,750 · $100K $3,750 · $150K $4,250

Sprint Challenge

• 1st: $25K $800 · $50K $1,500 · $100K $2,500
• 2nd: $25K $1,000 · $50K $1,750 · $100K $3,000
• 3rd: $25K $1,200 · $50K $2,000 · $100K $3,500
• 4th+: $25K $1,500 · $50K $2,500 · $100K $4,500

Instant Funded (per cycle)

• $25K: $1,000 · $50K: $2,000 · $75K: $3,000 · $100K: $3,000 · $150K: $4,000

GOAT Daily

• Per payout: $25K $650 · $50K $1,000 · $100K $1,500 · $150K $2,500

USD 500 gross per request, before the split.

$500 across all account sizes

Cycle profit goals, in 25K / 50K / 100K / 150K order:

• Prime: USD 250 / 500 / 750 / 1,000.
• Funded: first cycle USD 1,500 / 3,000 / 6,000 / 9,000; later cycles USD 1,250 / 2,500 / 3,500 / 4,500.
  Flex and Payout need a net-positive cycle. Each approval starts a new cycle. Minimum age: 18. Identity verification is required; businesses receive payment in their own name and provide formation, ownership and IDs for owners holding at least 25%. One permanent personal or business profile per trader, with no conversion or replacement. Requests are final and submitted through support.

• EOD Challenge: 7 winning days.
• Sprint Challenge: 5 winning days.
• Instant Funded: 7 winning days and minimum 10 calendar days before the first payout.
• GOAT Daily: no winning-day requirement once funded.
• A winning day requires net P&L of at least 0.2% of account balance.
• Payout submission windows (excluding GOAT Daily): 5th–8th and 20th–23rd of each month.
• Instant Funded requires exceeding the previous equity high for subsequent payouts.

Payouts processed within 2 business days. A $500 bonus is automatically applied if processing exceeds this SLA.

USD per contract per side; round trip = twice the rate:

• ES, NQ, RTY, NKD, YM: 1.75.
• 6A, 6B, 6C, 6E, 6J, 6S, 6N: 2.40.
• CL, QM, NG: 2.00; QG: 1.30.
• PL, GC, SI, HG: 2.30.
• HE, LE, ZS, ZC, ZL, ZM, ZW: 2.80.
• MES, MNQ, M2K, MYM, MCL: 0.50; MGC: 0.80; SIL: 1.60.
  CME, CBOT, NYMEX and COMEX contracts. QM, QG and NKD count as minis. MNG and MHG are unavailable. Live costs follow onboarding terms.

Active or failed evaluations and purchased direct-funded BoxcarFunded accounts can be reset. A reset replaces the account with the same plan and retains its history. Cost is the lower of the original amount paid for that account and its current reset price. Free accounts pay the current reset price. Funding earned by passing an evaluation needs a new evaluation after a breach; live accounts cannot be reset.

Available on evaluation plans (EOD, Sprint, FLEX). Reset fees:

• EOD: $50K $59 · $100K $109 · $150K $159
• Sprint: $25K $46 · $50K $69 · $100K $99
• FLEX: $50K $74 · $100K $124 · $150K $174

Instant Funded and Instant Lite accounts cannot be reset.

Level II: USD 13/month for CME only or USD 39/month for all four exchanges. Rithmic server-side copier: USD 15/month across all accounts on the login. An optional second login is also offered in the portal, with no confirmed public price.

BoxcarFunded starts directly in simulated funding.

Prime, Flex and Payout have one evaluation.

EOD trailing on Prime, Flex and Funded. Payout offers EOD or intraday in evaluation; funded is always intraday, including open profit. The floor never falls and stops at starting balance + USD 100, reached at starting balance + MLL + USD 100. A Flex payout request also locks the floor. Touching the floor, including through open losses, breaches the account.

EOD Challenge

• EOD Trailing — locks at starting balance once balance is restored
• $50K: $2,000 (4%) | $100K: $3,000 (3%) | $150K: $4,500 (3%)

Sprint Challenge

• EOD Trailing — locks at starting balance once balance is restored
• $25K: $1,000 (4%) | $50K: $2,000 (4%) | $100K: $3,000 (3%)

FLEX Challenge

• EOD Trailing Max DD — locks at starting balance

Instant Funded

• Intraday Trailing — locks at starting balance once balance is reached
• $25K: $1,250 (5%) | $50K: $2,500 (5%) | $75K: $3,750 (5%) | $100K: $5,000 (5%) | $150K: $7,500 (5%)

Instant Lite

• EOD Trailing — locks at starting balance
• $25K: $1,000 | $50K: $1,750 | $100K: $3,000

GOAT Daily

• Evaluation: EOD trailing; locks at starting balance + $100.
• Funded: intraday trailing.

Prime, Flex and Payout offer a DLL at purchase; the choice carries to both stages and cannot change. Hitting it closes positions and locks trading until the next session, without itself breaching the MLL. On funded Prime and Funded, the DLL becomes 60% of peak EOD profit after closing above the initial trail balance, and can only grow. Flex and Payout keep a fixed DLL; Funded 25K never acquires one.

EOD Challenge

• Evaluation: no daily loss limit
• Funded: soft breach 2.5% of starting balance ($50K: $1,250 | $100K: $2,500 | $150K: $3,750)

Sprint Challenge

• No daily loss limit (evaluation or funded)

FLEX Challenge

• No daily loss limit (evaluation or funded)

Instant Funded

• 3% of starting balance (soft breach — account pauses until next trading day)
• $25K: $750 | $50K: $1,500 | $75K: $2,250 | $100K: $3,000 | $150K: $4,500

Instant Lite

• $25K: none | $50K: $1,000 | $100K: $2,000

GOAT Daily

• Evaluation and funded: $25K $500 · $50K $1,000 · $100K $1,500 · $150K $2,250.
• Soft breach: positions are closed and trading is paused for the day.

Initial account sizes up to $150,000. Scaling via rewards program can grow allocation beyond that, with documented brand-wide payouts of $18M+ and up to $750,000 available across plans.

Prime and Payout must retain starting balance + MLL + USD 100 after a payout. Flex has no additional buffer but must respect its loss floor. Funded applies cycle goals and caps as well as loss-floor protection.

GOAT Daily funded buffer: $25K $1,100 · $50K $2,100 · $100K $3,100 · $150K $4,600.

Unlimited evaluations and up to 5 active funded accounts across plans. Additional direct-funded purchases remain in reserve. No household simulated trading while a member trades live.

No fixed deadline to pass. Inactivity rules still apply.

No time limit on any plan.

Prime evaluation: a 1-day pass is possible. Flex and Payout have no separate fixed minimum beyond consistency. Payouts: Prime from 3 days; Funded requires 5 trading days per cycle; Payout allows daily requests when other conditions are met.

FLEX Challenge requires 2 trading days. EOD, Sprint and Instant Funded have no minimum trading days.

GOAT Daily: no minimum trading days once funded.

No activation charge after passing and no account subscription.

No activation fee after passing — you keep 100% of the funded account access without any extra payment. Instant Funded is a one-time fee that grants funded-account access immediately, without an evaluation phase.

Funded Flex: 5 separate days per cycle, each with at least USD 100 / 150 / 200 / 250 net profit for 25K / 50K / 100K / 150K. Day counts restart after payout approval.

Only Flex sim-funded scales contracts with accumulated closing profit; losses or payouts can lower its tier. Prime, Payout and Funded retain full limits. Live scaling is confirmed per exchange.

Contract limits (mini / micro) scale with account size and plan:

EOD Challenge

• $50K: 5 / 50
• $100K: 9 / 90
• $150K: 12 / 120

Sprint Challenge

• $25K: 3 / 30
• $50K: 5 / 50
• $100K: 7 / 70

FLEX Challenge

• $50K: 3 / 30
• $100K: 5 / 50
• $150K: 8 / 80

Instant Funded

• $25K: 3 / 30
• $50K: 4 / 40
• $75K: 5 / 50
• $100K: 6 / 60
• $150K: 8 / 80

One-time purchase with no automatic renewal. Platform and Level I data included. Breaches, lack of use or a change of mind do not normally qualify for refunds; duplicate or incorrect charges, missing access and statutory rights are reviewed. An unused purchase may receive discretionary review before any order or trade.

One-time fee. No monthly subscription and no recurring charges. EOD, Sprint and FLEX Challenge are paid up-front to enter the evaluation phase.

Points-based rewards program (no formal tiers). Earn points by passing challenges, withdrawing, social engagement and trading milestones. Redeem for perks such as:

• +5% profit split on withdrawal (150 points)
• Faster 24h withdrawals (150 points)
• Account scaling +10% size (200 points)
• +$500 extra max drawdown (200 points)
• Free $25K / $50K challenge accounts (350 / 500 points)

EOD Challenge

• 80% by default
• 90% with optional Profit Share Add-On (+20% of challenge price)

FLEX Challenge

• 80% by default
• 90% with optional Profit Share Add-On (+20% of challenge price)

Sprint Challenge

• 100% on the first $10,000 in payouts
• 90% after the first $10,000

Instant Funded

• 100% on the first $10,000 in payouts
• 90% after the first $10,000

Instant Lite

• 90% from the first payout (no add-on required)

Own automated strategies are allowed on evaluations and simulated-funded accounts, subject to all account rules. Software errors and HFT restrictions still apply.

Personal automated strategies and EAs are allowed, provided they are consistent with the trader's style and do not exploit system vulnerabilities, latency, or data feed anomalies. Strategies designed to manipulate the simulated environment are prohibited.

Opposing different products or mini/micro pairs are allowed within one evaluation or sim-funded account. Long and short in the same exact contract, or opposing same/correlated products across accounts, including other traders or firms, are prohibited. Same-account exceptions do not carry over to live. A first violation may return balances to the prior close; repeated violations may breach accounts and end access.

Realistic scalping is allowed. More than 50% of profit from trades lasting 5 seconds or less may trigger review. A flag is not automatic failure; confirmed or repeated exploitation may lead to profit removal and loss of access.

Manual scalping allowed. Tick scalping and trades closed within 2 minutes have their profits deducted (micro-scalping rule).

DCA and scaling into positions within contract and loss limits.

Permitted within account limits, although Boxcar strongly discourages it.

Across your own Boxcar accounts, using built-in or third-party copiers. Each account keeps its own limits. Credential sharing and trading for others are prohibited.

Copy trading between your own accounts is allowed (e.g. between multiple GFF accounts in your name). Bundle discounts (2 or 3 accounts) are available and you can copy trades to all simultaneously. Cross-user copy trading is not addressed in the helpcenter.

Allowed on Prime, Flex, Funded and Payout evaluation. Funded Payout must be flat from 1 minute before through 1 minute after high-impact USD news on the Forex Factory calendar; violations breach the account. Cancel pending entries and pause automation. Live has separate terms.

Evaluation phase (EOD, Sprint, FLEX)
No news trading restrictions.

Funded phase (all account types including Instant)
2-minute buffer around high-impact news events. Within 2 min before/after release you cannot open, close or trigger pending orders. Positions opened before the window may be held through the event.

Microscalping rule
EOD, Sprint, Instant: profits from trades closed within 2 minutes of opening are deducted (not a breach but profits invalid).
FLEX: microscalping rule does NOT apply.

At least one closed trade with USD 1 net profit or loss in every 30-calendar-day period. Otherwise the account may be permanently removed. Breached evaluations may be removed after 30 days without a reset.

15 consecutive days without trades results in account breach. Applies to both evaluation and funded accounts. Once breached, account cannot be reinstated and fees are non-refundable. Notify support in advance if you plan to be away.

Prime: none in evaluation, 40% per funded cycle. Flex and Payout: nominal 50% in evaluation plus a 2-point cushion, an effective 52% ceiling; no funded consistency. Funded: 20% per cycle. Best net day divided by total net profit; fees and losing days count. Missing consistency delays passing or payouts without itself breaching drawdown.

No single day can represent more than:

• EOD Challenge — Evaluation: 50% of total profits. Funded: 30% during a payout period.
• Sprint Challenge — Evaluation: 50%. Funded: 35%.
• FLEX Challenge — Evaluation: 50%. Funded: none.
• Instant Funded — 20% (the tightest of all plans).
• Instant Lite — 15% for the 1st payout, 20% for the 2nd, 25% from the 3rd onwards.
• GOAT Daily — Evaluation: 40%. Funded: none.

Violating the rule blocks the next payout but does not close the account.

Evaluation and sim-funded positions must close before weekends and exchange early closes.

Overnight holding NOT permitted (all account types). All positions must be closed before the end of the trading session. Weekend holding also NOT permitted.

Exploitative HFT, latency or delayed prices, unrealistic simulated fills, technical defects, spoofing, layering, prohibited coordination or hedging, and trading for others. Brief flipping to count trading days is allowed but does not replace minimum-profit days or payout goals.

• Tick scalping and other extremely short-duration trading.
• Trades closed within 2 minutes — profits are deducted (micro-scalping rule).
• Unrealistic execution that relies on simulated market conditions (slippage, liquidity, partial fills) not replicable in live.
• Holding positions overnight or over the weekend.
• Trading affected instruments inside the 2-minute high-impact news buffer on funded accounts.

Trading during the overnight session is allowed, but positions cannot cross the daily close: flatten by 16:45 ET and re-enter from 18:00 ET in the next open session. Scheduled automatic flattening is not a breach. Live follows its own schedule.