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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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51 differences

50%off · Exclusive
Headquarters

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

Paris

Country

Hong Kong

France

Foundation

2024

2023

Banned Countries
Afghanistan, Albania, Antarctica, Bangladesh, Belarus, Burkina Faso, Central African Republic, Chad, Chile, Democratic Republic of Congo, Côte d'Ivoire, Cuba, Djibouti, East Timor, Ethiopia, Guinea-Bissau, Hong Kong, Indonesia, Israel, Iran, Japan, Jordan, Lao PDR, Lebanon, Lesotho, Libya, Malawi, Malaysia, Mali, Myanmar, North Korea, Palestinian Territory, Russia, Rwanda, Senegal, Sierra Leone, Singapore, Somalia, South Korea, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Thailand, Togo, Venezuela, Yemen, Zimbabwe
Afghanistan, Armenia, Belarus, Bosnia and Herzegovina, Burma (Myanmar), Burundi, Central African Republic, Cuba, Egypt, Eritrea, Ethiopia (certain sectors), Georgia (specific territories), Guinea, Haiti, Iran, Iraq, Ivory Coast, Kosovo, Lebanon, Libya, Mali, Nicaragua, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, Ukraine (Crimea, Donetsk, Luhansk, Kherson, Zaporizhzhia), Venezuela, Yemen, Zimbabwe
CEO
No data

Léon Grimm

Assets
Futures
Indices, Currencies, Metals, Energies, Agriculture, Interest Rates, Crypto
Platforms
NinjaTrader, Tradovate, Tradingview, Quantower, ATAS, Volumetrica, Tickblaze
Odin, Quantower, ATAS, Volumetrica, DeepCharts, DeepDOM, NinjaTrader, Tradovate, TradingView, Sierra Chart, MultiCharts, Jigsaw, Bookmap, MotiveWave, Investor/RT, Tiger.Trade, Overcharts, Volfix, Optimus Flow, Photon, Inside Edge Trader, QScalp, Agena Trader
Payout Methods
Rise
Payoneer, Wise, PayPal
Live Account
No
Yes

Live Funded account at EdgeClear on Rithmic. Classic and Spark: after 4 payouts. Daily: once $1,200/$3,000/$6,000 has been paid (Seed/Starter/Growth). Merit: straight to Live on approval. Risk review required; if not passed, the pre-funded payout limit may be extended instead. Live amount: Classic $1,250/$2,000/$3,500; Spark $400/$1,000; Daily $500/$1,250/$2,000; Merit $2,000. Static drawdown, daily limit agreed with the trader, and every rule waived except overnight and over-week positions. Other funded accounts go dormant on transfer.

Payment Methods
Card, Crypto
Card, Crypto
Payout Frequency

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.

Classic: weekly, first payout after 5 trading days and then every 5. Spark: bi-weekly, first payout after 5 trading days. Daily: any trading day once profit matures (3 trading days; 5 for a day above 30% of total profit and above the tier's daily cap). Merit Live: any time, up to 10 per day. Processing: 2 to 3 business days.

Payout Guarantee

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

No data
Maximum Withdrawal

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

Per payout: Classic $600/$1,000/$2,000 (Starter/Growth/Scale); Spark $300/$400 (Seed/Starter). Daily: $200/$500/$1,000 per trading day (Seed/Starter/Growth), with $1,000 per day per trader across all Daily accounts. Merit Live: no maximum. PayPal: $2,000 per month.

Minimum Withdrawal

$500 across all account sizes

Classic and Daily: $75. Spark: $30 (Seed) or $75 (Starter). Merit Live: $1.

Other Payout Requirements
  • 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.

After passing: review of up to 72 hours, then KYC and Pre-Funded contract within 48 hours. The trailing drawdown locks at the starting balance on the first payout. Every denied payout comes with a written reason from the risk team. No crypto payouts.

Brokers
No data
TFeed, dxFeed, Rithmic, Edge Clear
Payout Fee
No data

Merit Live: Phoenix covers the processor fee on withdrawals above $500.

Commission
No data

Per contract and side on TFeed; dxFeed is double. ES, NQ, RTY and YM $1.09; MES, MNQ, M2K and MYM $0.35; CL $1.15; MCL $0.43; GC $1.20; MGC $0.43; NG $1.20; 6E $1.20; ZN $0.80; ZB $0.83; BTC $3.38; MBT $1.38. Same rates on every line, in evaluation and funded.

Account 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.

Classic, Daily and Spark: unlimited, by paying the fee or with reset coupons (one per month the challenge stays alive; they stack and never expire). Classic: a failed account is reset free at renewal. Merit: no reset.

Add-ons
No
Yes

Performance Review (+20% on the price): 20 to 30 page report on the trader's own trades. Free ATAS licence with dxFeed.

Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes

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)
Limited

Scaling beyond the Classic plan on request, after a full review of the trades.

Two Steps
No
No data
Max Drawdown

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.

Classic and Daily: end-of-day trailing in evaluation and funded. Spark: end-of-day trailing in evaluation and real-time trailing once funded. The trailing drawdown locks at the starting balance. Merit: static, the whole $2,000 balance. Live: static.

Profit Split

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)

Classic and Spark: 90%. Daily: 80%. Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.

Free Trial
No
No data
Daily Drawdown

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.

Classic, Daily and Spark: none. Merit: 25% dynamic (soft breach). Live: agreed with each trader based on their results.

Max Allocation

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.

700,000
Mandatory buffer
Yes

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

Limited

Classic and Daily: a locked buffer equal to the maximum drawdown stays in the account and is not withdrawable. Spark and Merit: none.

Merge Accounts
No
No data
Maximum Trading Days

No time limit on any plan.

No deadline. Spark closes after 90 days without a trade. Merit: 30 calendar days.

Minimum Trading Days

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

GOAT Daily: no minimum trading days once funded.

Classic and Daily: 2. Spark: 1. Merit: none; the challenge lasts 30 calendar days.

Funded Phase Pricing Model

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.

No monthly fee on funded accounts. Activation: $29 one-time on Spark; $0 on Classic, Daily and Merit. Live: CME professional data at $135/month per exchange, deducted from the account.

Position size scaling
Yes

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
Limited

Classic: the contract limit rises with profit at $1,000, $2,000 and $4,000 up to the account maximum, in evaluation and funded, and drops if profit falls back. Spark, Daily and Merit: full size from day one. Live: one extra mini per $2,000 of profit.

Evaluation Phase Pricing Model

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

Classic: monthly subscription every 30 days, cancelled automatically on passing; dxFeed adds $20/month. Daily, Spark and Merit: one-time payment. No refunds.

Maximum Accounts
No data

Unlimited challenges. Pre-funded: 5 on TFeed (up to 3 Spark, 3 Daily, 3 Classic Growth or Scale and 5 Classic Starter) and 3 on dxFeed. Live: up to 5, at Phoenix's discretion. Merit: one attempt; another requires buying a Classic or Daily account first.

Points Reward Program
No data

Phoenix Extra: PHX earned for ideas and ambassador work, usable on accounts, resets and activation fees. Not convertible to cash.

Minimum Profitable Days
No data

Classic: 5 days between payouts with at least $100/$200/$300 profit (Starter/Growth/Scale). Spark: 5 days with at least $40 (Seed) or $100 (Starter). Daily and Merit: none.

Expert Advisor (EA)
Yes

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.

No

HFT and bots that trade without the trader are prohibited. Tools that assist the trader (hotkeys, DOM, alerts) are allowed.

VPN
Yes
Yes

VPN, VPS and proxy allowed; sessions are monitored and identity documents may be requested.

Requires Stop Loss
No
No data
Scalping
Limited

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

Yes

No minimum trade duration.

Stacking / Layering (DCA)
Yes
No

Rotating through accounts, each risked in full on the same bet until one hits, is prohibited. Holding several accounts is allowed.

Martingale
Yes
Limited

Allowed within a single account, also DCA. Prohibited across accounts.

Copy Trading
Yes

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.

Yes

Same direction across the trader's own accounts. Thor is included with TFeed.

News Trading
Yes

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.

Yes

Including Tier 1 releases, at every stage.

Inactivity Rule

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.

Pre-funded: one trade every 7 calendar days, otherwise the account closes without a payout. Live: 30 days, not applied mechanically. Challenges: none, except Spark (90 days).

Consistency Rule
Yes

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.

Limited

Classic and Daily evaluations: best day up to 50% of total profit; exceeding it only delays passing. Spark funded: 30%. No rule on Classic and Daily funded, Spark evaluation or Merit.

Hold Weekend
No

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

No
Prohibited Strategies
  • 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.

Hedging between accounts, account rolling, martingale or loss recovery across accounts (also at other firms) and HFT or bots. On funded accounts: flipping and one-tick trading on bonds. Stop trading a contract within 2% of its CME daily price limit.

Overnight positions
No
No

Positions must be closed before the session ends, at every stage including Live. Breach: funded account denied, or payout denied and account closed.

Hedging
No data
No

Opposite positions on the same asset across accounts, own or someone else's.

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