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Futures firms comparator

Pick two prop firms and see them side by side: rules, plans, platforms, leverage, commissions and payouts, next to each one's discount.

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  • Link to the written comparison
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Head to head

49 differences

42%off · Exclusive
Headquarters

Innovation One Building, Level 2, DIFC, Dubai, United Arab Emirates

No data
CEO

Oliver Newland

Steve A. Kubik

Country

United Arab Emirates

United States

Foundation

2026

2024

Banned Countries
Cuba, Iran, North Korea, Syria
Afghanistan, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Guinea-Bissau, Iran, Iraq, Korea, North, Libya, Mali, Russian Federation, Somalia, South Sudan, Sudan, Syria, Venezuela
Assets
Futures
Futures
Brokers
NinjaTrader, Volumetrica
Ironbeam, Rithmic, Nexus Connect
Platforms
NinjaTrader, Tradovate, Tradingview, DeepCharts, ATAS, Quantower
Tradingview, Volumetrica, ATAS, Quantower, Onyx, Tradesea, WealthCharts
Payout Methods
Transfer, Crypto, Revolut
Rise, Crypto
Live Account
Limited

Traders may enter the live-account review pool after payout 5, significant lifetime payouts, exceptional simulated-funded performance or a previous live transition. Selection is always at Finotive Futures' discretion.

Yes
  • Halcyon may transition traders to a Live Brokerage account once consistency and risk management are demonstrated.
  • Trader Live Training Program: intermediate stage in a simulated environment that rewards milestones before live transition.
  • Live Brokerage: daily reward requests (Mon–Fri), 100% profit split, swing trading allowed, margin-based contract limits.
  • Exclusive to the Ironbeam platform.
  • Starting capital on live typically matches the qualifying Reward Account's drawdown amount.
Payment Methods
Card, Crypto, PayPal, Transfer
Card, Crypto
Payout Frequency

On demand once all requirements are met.

  • 6 qualifying trading days are required before each reward request
  • All 6 days must meet the applicable Minimum Daily Profit Requirement
  • Lite/Prime minimums: $100 for 25K, $200 for 50K and $350 for 150K
  • Dynamic minimums: $200 for 50K, $275 for 75K, $325 for 100K and $400 for 150K
  • After each approved reward, all qualifying trading days reset to zero
  • No payout window: requests can be submitted whenever the dashboard shows an eligible reward amount
  • Processed first-in, first-out, up to 3 business days
Payout Guarantee

Payout requests are processed within 24 to 48 hours.

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Maximum Withdrawal

1-Step Funded

  • $25K: $1,000 first payout; $1,500 thereafter
  • $50K: $2,000 first payout; $2,500 thereafter
  • $100K: $2,500 first payout; $3,000 thereafter
  • $150K: $3,000 first payout; $3,500 thereafter

Instant

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

Lite and Prime

  • 25K: 50% of profits, up to $1,000 per reward
  • 50K: 50% of profits, up to $2,000 per reward
  • 150K: 50% of profits, up to $3,000 per reward

Dynamic

  • 50K: up to $1,250 per reward
  • 75K: up to $1,550 per reward
  • 100K: up to $2,000 per reward
  • 150K: up to $3,000 per reward

Maximum 5 approved rewards per account. After the 5th reward, the account may be reviewed for transition to the TLT Program or a Live Brokerage account.

Minimum Withdrawal

$500 before the 90% reward split.

Minimum reward request: $250. Lite, Prime and Dynamic Reward Accounts only need net profit above their starting balance; there is no buffer to clear.

Other Payout Requirements

All positions must be closed and KYC and compliance checks must be complete before requesting a payout.

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Commission
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  • Based on the default (free) membership tier of platform partners.
  • Fees include: exchange, NFA, clearing and platform commission.
  • Calculated per contract, per round trip.
  • Micro contracts generally have lower fees than mini contracts.
Account Reset
  • 1-Step evaluation: a discounted reset can be purchased within 14 calendar days of a breach.
  • 1-Step Funded: up to 2 resets before the first payout, within 14 days of the breach; each costs 5 times the evaluation fee.
  • Instant: no standard reset; the same size can be repurchased at a reduced price within 3 calendar days of a breach.
  • Unlimited resets available for a fee (via the Trader Dashboard).
  • Restores a fresh account balance with all risk parameters reset.
Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes
No
Max Drawdown
  • 1-Step: EOD trailing, based on the highest end-of-day balance; it locks at the initial balance once the Profit Buffer is reached.
  • Instant: intraday trailing, following the highest balance or open equity.
  • Reaching the maximum drawdown is a hard breach.

Halcyon Lite (Intraday Trailing)

  • $25K: $1,000 | $50K: $2,000 | $150K: $4,000
  • Tracks Total Liquidation Value including unrealized profits
  • Locks permanently at starting balance + $100 after the first approved reward

Halcyon Prime (End-of-Day)

  • $25K: $1,000 | $50K: $2,000 | $150K: $4,500
  • Updates only at end of trading session based on closing balance
  • Locks permanently at starting balance + $100 after the first approved reward

Halcyon Dynamic

  • Evaluation: $2,000 on the 50K account; Intraday or End-of-Day selected at purchase
  • Reward: $2,000 on 50K | $2,500 on 75K | $3,000 on 100K | $4,000 on 150K
  • Reward drawdown can be Intraday or End-of-Day, independently of the evaluation choice
  • Locks permanently at starting balance + $100 after the first approved reward
Daily Drawdown

Calculated from the end-of-day balance. A breach is soft: positions are closed and trading stops for that day; the account is not failed. The new daily limit on 25K 1-Step evaluations applies only to new purchases; existing accounts retain their original rules.

No daily loss limits on any plan.

Max Allocation
1,000,000
150,000
Mandatory buffer
Limited

Applies only to 1-Step Funded accounts and must remain in the account: $1,000 on $25K, $2,000 on $50K, $3,000 on $100K and $4,500 on $150K. Each payout also requires new profit equal to 1% of the initial balance above the buffer. Instant accounts use a recurring payout milestone instead: $1,450, $3,000, $5,000 and $8,000 respectively.

No
  • No buffer. Removed for accounts purchased from 8 Aug 2026.
  • To request a reward it is enough to be above the account starting balance: there is no locked amount to build or maintain.
  • Previously a buffer of drawdown + $100 was required, and withdrawing from within it was not allowed.
  • After the first approved reward, the maximum loss limit moves permanently to starting balance + $100.
Maximum Accounts

Unlimited evaluation accounts. Total funded allocation across 1-Step and Instant accounts is capped at $1,000,000.

No data
Maximum Trading Days

No time limit for the 1-Step evaluation. Accounts close after 15 consecutive calendar days without a trade.

  • Evaluation accounts expire after 30 calendar days if not passed.
  • Accounts inactive for more than 30 calendar days are disabled.
Minimum Trading Days

The 1-Step evaluation can be passed in one trading day.

  • Halcyon Lite Evaluation: 1 trading day
  • Halcyon Prime Evaluation: 3 trading days, or 1 day with the 1-Day Pass add-on
  • Halcyon Dynamic Evaluation: 1 trading day
  • All Reward Accounts: 6 qualifying trading days before each reward request; the counter resets to zero after each approved reward
Funded Phase Pricing Model

No activation fee or recurring subscription.

Lite and Prime

  • With activation-fee pricing, the activation fee is paid once after passing
  • With no-activation-fee pricing, no payment is required after passing
  • Both options lead to the same Reward Account rules

Dynamic

  • After passing, the trader pays a one-time upgrade fee based on the selected Reward Account size, drawdown type and consistency option
Minimum Profitable Days
  • 1-Step evaluation: none
  • 1-Step Funded: 3 per payout cycle
  • Instant: 5 per payout cycle

A profitable day requires at least 0.25% of the initial account balance in realised profit.

  • Halcyon Lite Evaluation: 1 trading day
  • Halcyon Prime Evaluation: 3 trading days, or 1 day with the 1-Day Pass add-on
  • Halcyon Dynamic Evaluation: 1 trading day
  • All Reward Accounts: 6 qualifying trading days meeting the applicable Minimum Daily Profit Requirement before each reward request
Evaluation Phase Pricing Model

One-time purchase fee. No subscription or automatic rebilling, and no activation fee after passing.

Lite and Prime
Two one-time pricing options are available:

  • With activation fee: lower evaluation fee, then a separate activation fee after passing
  • No activation fee: higher all-in evaluation fee; upgrade to the Reward Account is free

Dynamic

  • One-time 50K evaluation fee: $47 with Intraday Trailing drawdown or $49 with End-of-Day drawdown
  • A separate Reward Account upgrade fee is paid after passing

No subscriptions or recurring billing.

Add-ons
No data
Yes
  • Halcyon Prime: 1-Day Pass add-on. Price by size: +$18 (25K), +$27 (50K), +$41 (150K).
  • Bypasses the 40% consistency rule.
  • Allows passing the evaluation in a single trading day.
  • Halcyon Lite has no add-ons.
Two Steps
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No
Profit Split
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90/10 profit split on all Lite, Prime and Dynamic Reward Accounts. Trader keeps 90%, firm keeps 10%.

Free Trial
No data
No
Merge Accounts
No data
No
Position size scaling
No data
No
Expert Advisor (EA)
Yes

Bots, EAs and personal automated strategies are allowed if they do not exploit latency, feed errors or the simulated environment.

Limited
  • Bots, algos and semi-automated systems are allowed.
  • You must be the sole owner of the system.
  • The system cannot be used across multiple firms.
  • HFT (high-frequency trading) bots are not allowed.
  • Halcyon may request proof of usage.
VPN
Limited

Connections must remain stable and verifiable. VPNs, proxies or location masking are prohibited when they impair identity, location or account-control checks.

No
Hedging
Limited

Hedging within one account is allowed, including mini versus micro positions. Opposing or correlated hedges across separate accounts or prop firms are prohibited.

No
Requires Stop Loss
No
No
Scalping
Limited

Microscalping is allowed, but no more than 50% of total profit may come from trades held for less than 30 seconds.

Yes
Martingale
Limited

Allowed when used responsibly within contract and drawdown limits. Aggressive exposure may be reviewed as gambling behaviour.

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Copy Trading
Limited

Allowed only between accounts personally owned and controlled by the same trader, including their accounts at other prop firms. Third-party signals, accounts and copy services are prohibited.

Yes
News Trading
Limited

Allowed without restrictions during the 1-Step evaluation. On 1-Step Funded and Instant accounts, orders cannot be opened, closed or triggered from 2 minutes before until 2 minutes after high-impact news.

Yes
Inactivity Rule

15 consecutive calendar days without a trade is a hard breach and permanently closes the account.

Accounts must place at least one trade every 30 consecutive calendar days. Accounts inactive for more than 30 days will be considered inactive and may be disabled. Evaluation accounts also expire 30 calendar days after starting if not passed.

Consistency Rule
Limited

No consistency rule during the 1-Step evaluation. At payout, one day may represent at most 40% of cycle profit on 1-Step Funded accounts and 20% on Instant accounts.

Limited

Halcyon Lite

  • No consistency rule on evaluation or reward accounts.

Halcyon Prime

  • 40% consistency rule on BOTH evaluation and reward accounts.
  • No single trading day's profit may exceed 40% of total profits during the qualifying period.
  • 1-Day Pass Add-On allows bypassing the consistency requirement during evaluation only.

Halcyon Dynamic

  • When upgrading after passing the evaluation, the trader chooses a Reward Account with 40% consistency or no consistency.
Hold Weekend
No

Positions cannot be carried through the Friday close into the Sunday reopen.

No

Day trading only. All positions must be closed and all orders canceled by 4:45 PM EST (New York Time). Positions are automatically liquidated outside trading hours. No overnight or weekend holding on any account type.

Prohibited Strategies

Hedging across accounts or platforms; latency, feed, spread or exchange arbitrage; account or device sharing; coordinated/group trading; copying third parties; spoofing, layering and market or order-queue manipulation; volume inflation or artificial trades; HFT and algorithmic exploitation; non-viable simulated-fill strategies; gambling/account rolling; news straddling; and gap or illiquid-market exploitation.

  • Hedging on the same or related underlying assets (e.g. ES + MES, NQ + MNQ)
  • Opposite Direction Trades within or across accounts (CME Rule 534 – Wash Trades, CME Rule 575 – Disruptive Practices)
  • Mixing micro and mini contracts on the same asset
  • Holding positions outside trading hours / overnight / weekend
  • Account sharing or third-party trading
Overnight positions
No

All open positions are automatically closed at 15:55 CT, five minutes before the daily close.

No
  • All positions must be closed and all orders canceled by 4:45 PM EST.
  • Positions are automatically liquidated outside trading hours.
  • Failing to close may trigger automatic liquidation and account failure.
Stacking / Layering (DCA)
No data
Yes
Maximum Risk Limit
No data
Yes
  • Contract limits are applied based on account size.
  • Excessive daily contract usage is prohibited (over 250 contracts across micros or minis).
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