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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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Head to head

46 differences

Headquarters

L1, Shaw House, 201 Wan Po Road, Tseung Kwan O

30 North Gould Street, Ste R
City: Sheridan
State: Wyoming (WY)
Postal code: 82801

CEO

Somesh Kapuria

Matt Morris

Country

Hong Kong

United States

Foundation

2024

2024

Banned Countries
Afghanistan, Belarus, Burundi, Central African Republic, China, Cuba, North Korea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Haiti, India, Iran, Iraq, Laos, Libya, Mali, Moldova, Myanmar, Nicaragua, Oman, Pakistan, Russia, Somalia, Syria, Tunisia, Ukraine, Vietnam, Yemen, Zimbabwe
Afghanistan, Albania, Algeria, Angola, Antigua and Barbuda, Azerbaijan, Bahamas, Bangladesh, Belarus, Benin, Bosnia and Herzegovina, Botswana, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Central African Republic, Chad, China, Congo, Croatia, Cuba, DR Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Haiti, Indonesia, Iran, Iraq, Ivory Coast, Jamaica, Kenya, Kosovo, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Malaysia, Mali, Mauritania, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nicaragua, Niger, Nigeria, North Korea, North Macedonia, Pakistan, Philippines, Romania, Russia, Rwanda, Senegal, Serbia, Sierra Leone, Slovenia, Somalia, South Africa, South Sudan, Sudan, Swaziland, Syria, Tajikistan, Tanzania, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, Uzbekistan, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe
Assets
Futures
Futures
Payout Fee

2.5% per payout. Minimum fee: USD 25 for bank wire or Rise; USD 5 for crypto.

No data
Platforms
NinjaTrader, Tradovate, WealthCharts
Project X, Quantower, Black Arrow, WealthCharts
Payout Methods
Crypto, Transfer, Rise
Rise, Crypto, Transfer
Live Account
Yes

By risk-team invitation; the transition cannot be requested or declined. Eligibility reference: at least ten payouts totaling USD 50,000, with possible earlier invitations. One live account per trader. At most 15% of the sim funded account size transfers; excess profit does not carry over. Paid professional data required.

Yes

Transition to Live
After 3 successful payouts, a risk manager will evaluate your account and decide whether you continue in INSTANT or move to Live (the transition may occur before the third payout).

During the transition:

  • All other accounts are paused or closed
  • Only 1 Live account is allowed
  • Trading on SIM accounts is not allowed while the review is ongoing

Pre-Live Stage
Pre-Live is an intermediate phase created to facilitate the move from SIM to real capital and to evaluate discipline and risk management under conditions close to Live:

  • 1 daily payout from the first day in profit
  • No consistency rule
  • No maximum withdrawal limits
  • Activation in 3–5 days

Move to Full Live
After demonstrating consistency in Pre-Live, the account is upgraded to Live (Plus500) with real capital, without restarting the process or affecting payouts:

  • Up to 10% of the initial balance of the SIM account is transferred
  • Only one account migrates to Live
  • The highest profit from a single account is transferred
Payment Methods
Card, Crypto
Card, Crypto
Payout Frequency

Prime and Direct sim funded: every seven calendar days from the first trade of the cycle; after a payout the next trade starts a new cycle. Live: daily requests.

Elite Challenge / Elite Sim Funded

  • Profit target per payout cycle: 6% (1st) / 5% (2nd) / 4% (3rd onward)
  • Consistency resets after each payout

Elite Daily (Funded)

  • Daily payouts starting from day 1
  • Must reach buffer + $500 minimum

Elite ACCESS (Funded)

  • On-demand payouts (any time after meeting requirements)
  • Min 5 profitable days (per size: 25k=$200, 50k=$250, 100k=$300, 150k=$350)

Instant Sim Funded

  • Profit target per payout cycle: 6% (1st) / 5% (2nd) / 4% (3rd onward)
  • Consistency rule 20%

S2F Sim Pro

  • Min 10 trading days, at least 7 profitable (profitable day = 0.1% of starting balance)
  • Profit target per cycle: 6% / 5% / 4%
  • ESS 20% or less

IGNITE

  • 5% profit target each payout (resets after every payout cycle)
  • No minimum trading days

X-ULTRA

  • 7 profitable days before each payout; 4 with the paid add-on
  • Minimum closing profit for a day to count: 50K $250 / 100K $500 / 150K $750
  • New qualifying days required after each payout
Payout Guarantee

Processing within one hour of an eligible request, following a prior review of up to 24 business hours. Business days only; KYC or incomplete details may cause delays.

Less than 12 hours on average from request to payment. Average support response time: under 60 seconds via 24/7 live chat.

Maximum Withdrawal

Prime and Direct sim funded payout caps, ordered first / second / third / fourth and subsequent:

  • 25K: USD 1,000 / 1,250 / 1,500 / 2,000.
  • 50K: USD 1,500 / 2,000 / 2,500 / 3,000.
  • 100K: USD 2,000 / 2,500 / 3,000 / 4,000.
  • 150K: USD 2,500 / 3,000 / 4,000 / 5,000.

Maximum payout per withdrawal before moving to Live. No cap applies after moving to Live.

ELITE and S2F Sim Pro

Account Size Max Payout Per Withdrawal
$25,000 $1,500
$50,000 $2,500
$100,000 $3,000
$150,000 $3,500

INSTANT Sim Funded, purchased before 7/27/2026

Account Size Max Payout Per Withdrawal
$25,000 $1,500
$50,000 $2,500
$100,000 $3,000
$150,000 $3,500

INSTANT Sim Funded 2.0, purchased on or after 7/27/2026

Account Size Max Payout Per Withdrawal
$25,000 $1,000
$50,000 $2,000
$100,000 $2,500
$150,000 $3,000

IGNITE

Account Size Max Payout Per Withdrawal
$25,000 $500
$50,000 $1,000
$100,000 $1,500

X-ULTRA

Account Size Max Payout Per Withdrawal
$50,000 $5,000
$100,000 $7,000
$150,000 $9,000
Minimum Withdrawal

Prime and Direct sim funded, by size: 25K, USD 250; 50K, USD 500; 100K, USD 1,000; 150K, USD 1,500. Rise requires at least USD 500 of the trader share. Live: USD 500 including the firm share.

  • IGNITE: $250
  • Elite Daily / Elite ACCESS / Instant / S2F / Elite Challenge: $500
  • X-ULTRA: $50
Other Payout Requirements

KYC, agreement and interview before the first payout; account review for every request and further checks when required. After a payout the loss floor becomes the starting balance: retain enough profit to avoid touching it. Consistency resets even after a partial payout.

X-ULTRA: at least 50% of each payout request must come from new profit earned since the previous payout. No payout buffer.

Brokers
No data
Project X
Account Reset

Failed challenges can be repurchased at any time. Funded accounts cannot be reset.

Elite Challenge (challenge)

  • $25K: $29
  • $50K: $39
  • $100K: $79
  • $150K: $119

Elite Sim Funded (funded reset)

  • $25K: $199
  • $50K: $299
  • $100K: $399
  • $150K: $499

Elite Daily (challenge)

  • $25K: $79
  • $50K: $99
  • $100K: $189
  • $150K: $265

Elite Daily (funded)

  • $25K: $299
  • $50K: $499
  • $100K: $849
  • $150K: $849 (V1); V2 confirm pending

Elite ACCESS (challenge)

  • $35 flat (all sizes)

Elite ACCESS (funded)

  • $25K: $299
  • $50K: $499
  • $100K: $849
  • $150K: $1,349

Instant / S2F Sim Pro / IGNITE

  • No reset option

X-ULTRA

  • Paid evaluation resets remain available after new accounts sell out. Each reset starts a new 30-day evaluation period.
Instant
Yes

Direct Account: funded access without any evaluation phase.

Yes
One Step
Yes

1-Step Prime Challenge: single-phase evaluation with a profit target and consistency requirement.

Yes
Account scaling
Limited

Live program: whenever accumulated profit reaches 100% of the reference balance, the account grows by 10%. Payouts count toward profit and eligibility is reviewed on payout requests. The Forex scaling ladder does not automatically apply to Futures sim funded.

No
Max Drawdown

Evaluation and sim funded: trails the highest end-of-day balance, not intraday unrealized peaks. It only rises and locks at the starting balance after earning the drawdown distance. A payout fixes the floor at the starting balance even if it had not locked yet. Touching it with balance or equity closes the account.

EOD trailing drawdown: Elite Challenge, Elite Daily, Elite ACCESS Standard, Instant Sim Funded and IGNITE.

Elite ACCESS Intraday uses EOD trailing drawdown during evaluation and real-time intraday trailing drawdown when funded. The funded drawdown follows the highest realized or unrealized equity and locks at starting balance + $100 after the first payout.

S2F Sim Pro uses intraday trailing drawdown.

For Instant Sim Funded, the trailing drawdown locks above the starting balance once its lock condition is reached or after the first payout.

X-ULTRA
EOD trailing in evaluation and funded stages; follows the highest closing balance, never moves down and locks at starting balance + $100. Falling below the threshold fails the account. Funded drawdown: $3,000 / $4,500 / $6,000 for 50K / 100K / 150K.

Profit Split

Each product split is listed in its challenge. The live program has its own split and starting-balance release requirements.

All products: 90/10 (trader keeps 90%).

  • Elite Challenge / Elite Daily / Elite ACCESS
  • Instant Sim Funded
  • S2F Sim Pro
  • IGNITE
Free Trial
No
Limited

Receive a practice account when you purchase a paid

Daily Drawdown

Prime evaluation and sim funded: no daily cap. Direct: based on the previous closing balance; reaching it closes positions and pauses trading until the next day, without terminating the account for that isolated event. Maximum-loss breaches still terminate the account.

Elite Challenge

  • 2.5% (EOD soft breach)

Elite Daily

  • $25K: 2% ($500)
  • $50K: 2% ($1,000)
  • $100K: 1.25% ($1,250)
  • $150K: 1% ($1,500)
  • V2 (5/11/26 onward, evaluation and funded): same as V1

Elite ACCESS

  • Evaluation: none
  • Funded: $25K $500 / $50K $1,000 / $100K $1,250 / $150K $1,750

Instant Sim Funded

  • 2.5% ($625 / $1,250 / $2,500 / $3,750)

S2F Sim Pro

  • 2% intraday ($500 / $1,000 / $2,000 / $3,000)

IGNITE

  • 2% ($500 / $1,000 / $2,000 / $3,000)

X-ULTRA

  • Hard breach in evaluation and funded accounts, measured from the starting balance for the day. Includes closed and floating losses, commissions and fees. Resets at 6:00 PM ET.
Max Allocation

Combined sim funded and Direct: up to USD 500,000 or five accounts, whichever comes first. Combined Forex and Futures: USD 800,000. One live account may additionally be held.

Accounts per trader or household:

  • 5 ELITE (Elite Challenge / Elite Sim Funded)
  • 5 ELITE DAILY
  • 5 ELITE ACCESS
  • 5 INSTANT Sim Funded
  • 5 S2F Sim Pro (more during special promotions)
  • 10 IGNITE (same size, for copy trading)

Purchasing limits (Elite / Elite Daily / Elite ACCESS)

  • 10 evaluation accounts per rolling 30-day window
  • 12 resets per 30-day window
  • Max 5 active funded accounts at any time

X-ULTRA

  • Maximum 3 X-ULTRA accounts at the same time
Mandatory buffer
Limited

After a payout the balance must stay above the starting balance, which becomes the loss floor. Withdrawing all profit would leave no room above that limit.

No
Maximum Accounts

At most five sim funded or Direct accounts, subject to total allocation; one additional live account. Unlimited evaluation purchases.

No data
Merge Accounts
No
No
Maximum Trading Days

Unlimited on all plans.

Elite ACCESS (evaluation)

  • 30 days to pass

Elite Challenge / Elite Daily / Instant / S2F / IGNITE

  • No time limit

X-ULTRA (evaluation)

  • 30 days to pass; a purchased reset starts a new 30-day period
Minimum Trading Days

None on any plan.

Elite Challenge

  • None (can pass in 1 day)

Elite ACCESS

  • 1 day minimum to pass evaluation

Elite Daily (Funded)

  • 1 day (for payout eligibility)

S2F Sim Pro

  • 10 trading days, at least 7 profitable (profitable day = 0.1% of starting balance)

Instant Sim Funded / IGNITE

  • None

X-ULTRA (evaluation)

  • No minimum trading days.
Funded Phase Pricing Model

Sim funded: no monthly membership fee; Level 1 data included. Live: professional data, USD 130 per exchange per month or USD 520 for all four, without proration.

Elite Challenge: one-time activation fee after passing.

Elite ACCESS Standard activation: $139 / $189 / $259 / $359 for 25K / 50K / 100K / 150K.

Elite ACCESS Intraday activation: $69 / $94 / $129 / $179.

Elite Daily, Instant Sim Funded, S2F Sim Pro and IGNITE: no activation fee.

Minimum Profitable Days

Prime sim funded: five non-consecutive profitable days in every payout cycle, not only the first. Minimum daily profit: 25K, USD 100; 50K, USD 150; 100K, USD 200; 150K, USD 250. Direct has no profitable-day minimum.

Elite ACCESS (Funded)

  • 5 profitable days required before first payout
  • Min daily profit: $25K $200 / $50K $250 / $100K $300 / $150K $350

S2F Sim Pro

  • 7 profitable days out of 10 trading days
  • Profitable day = 0.1% of starting balance

Elite Daily / Instant Sim Funded / IGNITE / Elite Challenge

  • No minimum profitable days requirement (consistency targets only)
Position size scaling
No

Size-based limits are listed on each challenge. Standard mini:micro ratio is 1:10; Micro Silver has double weighting, and MBT/MET count as minis. No progressive sim funded contract-scaling plan is documented. Live has separate limits.

Limited

X-ULTRA funded accounts: contract limits adjust daily using closing profit, increasing or decreasing with the applicable level. Payouts can reduce the level. No scaling during evaluation.

Evaluation Phase Pricing Model

1-Step Prime is a subscription that renews automatically every 30 days until passing or cancellation. It cannot be paused. Cancellation loses progress and returning requires a new purchase.

Elite Challenge and Elite Daily: monthly subscription.

Elite ACCESS Standard and Intraday: $39 one-time entry fee; a one-time activation fee applies after passing.

Instant Sim Funded, S2F Sim Pro and IGNITE: one-time fee.

Add-ons
No data
Yes

X-ULTRA: 4 profitable days before each payout instead of 7 (+30%).

Consistency Rule
No data
Yes

Per-product consistency targets

  • Elite Sim Funded: 25% (best day / total profit)
  • Elite Daily (evaluation only): 45% V1 / 40% V2 (accounts from 5/11/26)
  • Elite ACCESS (Funded): 40%
  • Instant Sim Funded: 20%
  • S2F Sim Pro: 20% Equity Stability Score (ESS), not a consistency rule per se
  • IGNITE: 15%

Consistency / ESS resets after each payout cycle.

  • X-ULTRA: 50% during evaluation (best day / total profit); none when funded.
Expert Advisor (EA)
No
No

EAs and bots are NOT allowed on any account type. Manual trading only. Violations may lead to account suspension, termination or loss of funding privileges.

VPN
Limited

Legitimate connections and VPNs outside restricted countries are permitted. Own devices only; travel may require verification. Device or identity sharing may close all accounts.

Limited

Not advised. Must notify or your account might be breached.

Allowed

  • Trading from different devices (mobile, desktop)
  • VPS with static IP (must notify support in advance and provide the invoice)
  • Traveling and trading (may require documentation)

Not Allowed

  • Using multiple IPs on the same account frequently
  • Trading multiple accounts from the same IP
  • Using a VPN (strictly prohibited)
Requires Stop Loss
Limited

Stop losses required in sim funded and Direct; without one, a trade is treated as unlimited risk. The per-idea risk rule does not apply during evaluation. No fixed three-minute stop-placement deadline is documented here.

No
Scalping
Limited

There is no universal minimum holding time. A systematic pattern of sub-three-minute trades without a plan, tick scalping, HFT or latency exploitation is prohibited.

Yes

Scalping allowed, with one restriction:

10-second rule (all account types)

  • All trades must remain open longer than 10 seconds
  • 10.00 seconds = violation; 10.01 seconds = acceptable
  • Closing any portion of a trade before 10 seconds violates the rule
  • Adding to a trade (scaling in) within 10 seconds is permitted
  • Occasional minor violations are tolerated; if ~50% or more of profits/trades violate this rule, profits are removed
Maximum Risk Limit
Yes

Sim funded and Direct: 2% of the initial balance per idea on Tradovate, NinjaTrader and WealthCharts; legacy DX Futures accounts use 1%. Not applicable during evaluation. Overlapping positions and same-asset, same-direction re-entries within ten minutes are combined.

No
Copy Trading
Limited

Only own Hola Prime challenge or sim funded accounts within the same environment. The lead must have the lowest contract limit. Third-party copiers are used at the trader responsibility; external or other-person accounts cannot be copied.

Yes

PRO

  • Only allowed to copy trades from one PRO account to other PRO accounts of the exact same size.
  • Limited to a maximum of 5 PRO accounts for copy trading.
  • NOT allowed: copying between S2F Sim Pro and Instant Sim Funded, or between S2F and Elite plans.

Classic ELITE & Instant Sim

  • Only allowed to copy trades between accounts of the same type and same size
  • Limited to a maximum of 3 ELITE Sim accounts or Instant Sim accounts for copy trading.

ELITE DAILY

  • Copy trade up to 5 accounts.

IGNITE

  • Copy trading allowed on up to 10 IGNITE accounts of the same size
  • Not allowed: between different plan types (IGNITE to Instant or Elite), or between different IGNITE sizes

Copy Trading Between Firms:

  • It's allowed but all trade decisions must originate from activity on their platform.
News Trading
Yes
Yes

News trading allowed by default on all account types, with two exceptions:

Elite Daily (Funded)

  • No trades 2 minutes before or after high-impact news events

Elite ACCESS (Funded)

  • No trades 2 minutes before or after high-impact news events

Elite Challenge / Instant / S2F / IGNITE: no news restriction.

Inactivity Rule
Yes

Evaluation and sim funded: complete at least one round-trip trade within each seven-day period. Live: suspension after 30 calendar days; opening or closing a trade counts as activity.

Yes

14 calendar days without a trade (entry and exit) results in hard breach. The 14-day window includes weekends and holidays. Applies to all account types.

Consistency Rule
Limited

1-Step Prime Challenge: 40%. Prime funded account: 35%. Direct Account: 20%.

Yes
  • INSTANT: To request a payout, no single trading day's profit can exceed 20% of your total accumulated profits
  • ELITE (funded phase): 25%
  • ELITE DAILY (evaluation only): 45% V1 / 40% V2 (accounts from 5/11/26)
  • ELITE ACCESS (funded): 40%
  • IGNITE: 15%
  • PRO: You need an ESS score of 20% to request a payout. To calculate ESS Score: (Best Day Profit + Worst Day Loss [as a positive number]) ÷ Total Profit × 100%
  • X-ULTRA: 50% during evaluation (best day / total profit); none when funded.
Hold Weekend
No
No

All trades must be closed by 4:10 PM EST. The system force-liquidates any open positions at that time. No overnight or weekend holding allowed. Weekend trading is prohibited.

Trading hours: 6:00 PM EST (Sunday) to 4:10 PM EST (Friday), with a daily break from 5:00 PM to 6:00 PM EST.

Prohibited Strategies

Bots and partial or full automation; tick scalping and HFT; arbitrage, latency, errors and low-liquidity exploitation; grid, overexposure, account rolling and unsupported bets; copying external or other-person accounts; cross-account hedging; shared accounts or devices; unjustified strategy or contract-size changes to manipulate evaluations or payouts. Trading within 2% of a CME price limit is prohibited. Violations may forfeit profits and terminate accounts.

  • Exploiting System, Pricing, or Latency Errors
  • Use of Insider or Non-Public Information
  • Front-Running
  • Hedging Between Accounts
  • Unauthorized Account Access
  • Minimum Trade Duration (10-Second Rule)
  • Trading That Risks Broker Relationships
  • Trading That May Create Regulatory Concerns
  • Externally Marked Challenge-Passing Strategies
  • Rolling, Churning, or Gambling Accounts
Overnight positions
No

Close daily before 15:30 CT; the trader must be flat by 15:28 CT without relying on risk-team flattening. Observe earlier agricultural and holiday closes. Sunday-evening to Monday trading belongs to one session and is permitted.

No
Stacking / Layering (DCA)
No data
Yes
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