Futures firms comparator

450 Lexington Ave, New York, NY 10017

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

United States

United Arab Emirates

2026

2025

No Boxcar payout fee.

Rise: $35

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.

Standard programs use simulated accounts.

Top performers may be selected for a tailored Live Analyst plan.

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.

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.

• 25k account: $1,100
• 50k account: $2,000
• 100k account: $3,000

USD 500 gross per request, before the split.

• Beginner and HYPER: $250
• Instant Pro Plus and Instant Flex: 1% of the starting balance
• Instant Pro Plus Max: $500 / $750 / $1,000 for 25K / 50K / 100K

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.

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.

Round-trip commissions vary by instrument.

The official instrument table publishes the exact round-trip cost for each contract.

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.

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.

Booster Tokens can erase eligible losses and restore account progress.

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.

• Beginner and Beginner Max: trailing End-of-Day drawdown
• HYPER Intra: intraday trailing drawdown
• HYPER Lite and HYPER Pro: trailing End-of-Day drawdown
• Instant Pro Plus and Instant Pro Plus Max: trailing End-of-Day drawdown
• Instant Flex: 4% intraday trailing drawdown; it moves to break-even after the first payout

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.

• Beginner: soft daily loss pause
• Beginner Max: hard daily loss breach
• HYPER Intra, Lite and Pro: no daily loss limit during evaluation or simulated funded phase
• Instant Pro Plus: soft daily loss pause
• Instant Pro Plus Max: hard daily loss breach
• Instant Flex: no daily loss limit

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.

Beginner Max requires clearing a buffer before the first payout. The standard Beginner account has no buffer requirement.

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.

• Beginner Max: up to 10 accounts
• Instant Pro Plus Max: up to 10 accounts
• Standard programs, HYPER and Instant Flex: up to 3 accounts

No fixed deadline to pass. Inactivity rules still apply.

• Beginner Max: 30 days to pass the evaluation
• Beginner and HYPER: no evaluation time limit

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.

Beginner and HYPER have no additional minimum trading days.

The profit targets and applicable consistency requirements must still be met.

No activation charge after passing and no account subscription.

No activation fee.

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.

The number of qualifying days depends on the program and payout.

• Beginner: 5 winning days
• HYPER: 5 winning days
• Instant Pro Plus and Instant Pro Plus Max: 10 / 8 / 6 / 5 qualifying days from the first through fourth payout
• Instant Flex: 6 qualifying days

The required daily profit varies by program and account size.

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.

• Beginner evaluation: contracts scale at 1:10.
• Beginner simulated funded: contracts scale at 1:5.
• HYPER: reduced contract limits apply in the funded phase.

Exact limits vary by program and account size.

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 purchase.

• No monthly subscription
• No activation fee on the current catalog

Scaling is available on selected programs and account sizes.

The exact contract limits are shown in each challenge.

• Beginner, HYPER and Instant Pro Plus: 90%
• Instant Pro Plus Max: 70%

HTP is Hyperticks' internal loyalty coin for community rewards, services and discounts.

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

The trader must remain actively involved. The following are prohibited:

• Fully automated bots
• External execution APIs
• External signal mirroring

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.

Hyperticks considers repeated trades that are normally held for under 15 seconds and target fewer than 5 ticks to be prohibited microscalping.

DCA and scaling into positions within contract and loss limits.

Scaling into positions is allowed within the program's contract limit. Splitting exposure across multiple instruments to bypass the applicable contract limit is prohibited.

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.

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.

• No new trades from 5 minutes before until 5 minutes after a Tier 1 release.
• Existing positions may remain open.
• Stop-loss and take-profit levels cannot be modified during that window.

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.

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.

• Beginner and Beginner Max evaluation: 35%
• Beginner and Beginner Max simulated funded: 40%
• HYPER Intra, Lite and Pro: no consistency rule
• Instant Pro Plus and Instant Pro Plus Max: no consistency rule
• Instant Flex: no consistency rule

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

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.

• Repeated microscalping
• Fully automated trading
• External signal mirroring
• Price-feed, latency or fill exploitation
• Simultaneous orders intended to manipulate queue priority
• Hedging correlated instruments
• Gambling or random trading
• Risking more than 2% on one trade idea
• Bypassing contract limits across instruments

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.

• Risk above 2% on a single trade idea is prohibited.
• The contract limits of each account and program also apply.