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Comparator

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

47 differences

Headquarters

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

2nd Floor, 412 S. Wells, Chicago, Illinois 60607, United States

CEO

Somesh Kapuria

James Thorpe

Country

Hong Kong

United States

Foundation

2024

2020

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, Barbados, Belarus, Bosnia and Herzegovina, Botswana, British Virgin Islands, Bulgaria, Burkina Faso, Burundi, Cameroon, Cayman Islands, Central African Republic, Croatia, Cuba, DR Congo, Ecuador, Ethiopia, Ghana, Gibraltar, Guam, Guyana, Haiti, Iceland, Indonesia, Iran, Iraq, Ivory Coast, Jamaica, Jordan, Kosovo, Laos, Lebanon, Liberia, Libya, Mali, Malta, Mauritius, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Nicaragua, Nigeria, North Korea, North Macedonia, Pakistan, Panama, Papua New Guinea, Philippines, Puerto Rico, Romania, Russia, Senegal, Serbia, Slovenia, Somalia, South Africa, South Sudan, Sri Lanka, Sudan, Syria, Tanzania, Trinidad and Tobago, Tunisia, Uganda, Ukraine, US Virgin Islands, Venezuela, Vietnam, Yemen, Zimbabwe
Assets
Futures
Futures
Payout Fee

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

  • US Wire Transfer: Free
  • International Wire Transfer: $15/withdrawal
  • Crypto L1: $2.5/withdrawal + estimated gas fees
  • Crypto L2: Free
Platforms
NinjaTrader, Tradovate, WealthCharts
Tradovate, NinjaTrader, Tradingview, Jigsaw, Quantower, Rithmic
Payout Methods
Crypto, Transfer, Rise
Transfer, Crypto
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

Funded Live Access
Up to 5 active Funded Live accounts per trader.
90% profit split on Funded Live.
Clear position scaling rules and structured account transition.

No Activation Fee
TradeDay 2.0 removes the activation fee that existed in the previous model.

Payment Methods
Card, Crypto
Card, PayPal
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.

Day-one payouts on Quick Pay (no buffer). Requests submitted before 17:30 CT processed within 24 hours on business days. No frequency limit.

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.

No data
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.

Fast Pass Funded Sim maximum per request: $1,500 (50K), $1,875 (100K), $2,250 (150K).

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.

$250 minimum per payout request.

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.

No data
Brokers
No data
Tradovate, Rithmic
Account Reset

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

Available on current plans. See challenges for reset price.

Instant
Yes

Direct Account: funded access without any evaluation phase.

No
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.

Two drawdown types available, both Trailing Maximum Drawdown:

Intraday TMD
Calculated in real time from unrealized profits during the session.

End of Day TMD
Calculated from realized profits at end of day (16:00 CT close). Follows account growth until frozen at the initial balance.

Funded Sim drawdown type matches the evaluation type purchased.

Profit Split

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

Quick Pay Funded Sim

  • 80% trader / 20% TradeDay above $4,000 gross profit
  • 50% trader / 50% TradeDay below $4,000 gross profit
  • Split evaluated per account

Fast Pass Funded Sim

  • 80% trader / 20% TradeDay

Funded Live

  • 90% trader / 10% TradeDay
Free Trial
No
No
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.

No data
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.

Up to 10 Evaluation accounts and 5 Funded Sim accounts simultaneously per trader. Up to 5 active Funded Live accounts per trader. Multiple Funded Sim accounts allowed. Single-member US LLC allowed. Multi-member LLC, S-corps and C-corps not allowed.

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.

Unlimited

Minimum Trading Days

None on any plan.

  • Quick Pay: 5 trading days minimum (non-consecutive).
  • Fast Pass: 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.

No activation fee on TradeDay 2.0.

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.

Fast Pass Funded Sim: 5 profitable days per payout; $150/$200/$250 minimum daily profit on 50K/100K/150K.

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.

Yes

Fast Pass Funded Sim starts at 2/3/4 contracts for 50K/100K/150K, then adds one contract per $2,000 of EOD profit. Quick Pay limits are fixed by account size.

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.

Monthly subscription. See challenges for current list prices and promotions for active discounts.

Add-ons
No data
No
Expert Advisor (EA)
No
Yes

Allowed if using supported platforms: NinjaTrader, Tradovate, Tradingview, Jigsaw, Quantower. TradeDay does NOT expose Tradovate API. Own systems allowed (NOT purchased from third parties). If multiple users make same trades: All accounts closed.

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.

No
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 EXCEPT: High-frequency ATS, >200 trades per day, trades in few seconds for 1-2 ticks, playing with sim matching engine.

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 data
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

Allowed from a trader's own account into their TradeDay account, and between two of the trader's own TradeDay Funded Sim accounts. NOT allowed between Funded Live and Funded Sim, and NOT allowed between two different users. Compatible third-party tools: Tradesyncer (TDTC), Flowbots (tradeday), Expert Trading Programmers (TradeDay25OFF).

News Trading
Yes
No
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.

TradeDay does not charge inactivity fees. However, Tradovate archives the account after 1 month without login.

Consistency Rule
Limited

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

Yes

Quick Pay: 30% consistency in evaluation. Fast Pass: 45% consistency in evaluation and Funded Sim. Funded Live has no consistency rule.

Hold Weekend
No
No
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.

  • Using bots/ATS purchased from third parties
  • Systems generating >200 trades in a day
  • Strategies trading in few seconds to capture only a few ticks
  • Attempting to capture queue position advantage by playing with sim engine
  • Spoofing and layering (per CME Group rules)
  • Order splitting (multiple limit orders at same price simultaneously)
  • Trading in illiquid markets to benefit from missed fills
  • Exploiting lack of slippage in simulation (e.g., bracket orders in data releases)
  • Trading outside best bid/offer
  • Using external or slow data feed
  • High-frequency trading or short-term trading
  • Simultaneous opposite positions between accounts
  • Multiple registrations with different names/emails
  • Using VPN or VPS to mask location
  • Hedging: Prohibited (trading long in one account and short in another for same product)
  • Trading within 2% of price limit (Funded Live only, loss of account)
  • Microscalping (positions held <5-10 seconds dominating profit)
  • Trading Tier 1 news/data releases (2 min before/after, auto-liquidation)
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.

Yes
Hedging
No data
No
Stacking / Layering (DCA)
No data
Yes
Martingale
No data
No
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