Futures firms comparator

Am Langenwall 1, 18439 Stralsund, Germany

340 Town Center Blvd, Suite E102-179, White Lake, MI 48386, United States

Lennard Wenderholm

Steve A. Kubik

Germany

United States

2024

Lvlup charges no payout fee.

Both the evaluation and the funded account are simulated, unless a separate agreement says otherwise.

• 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.

• Lvlup: every 14 days. The days in the cycle do not need to be profitable.
• Starter: after every 5 profitable days. 5 payouts at most; the fifth closes the account.

• 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

Approved payouts are processed within 48 hours at most, usually 24 to 48h.

• Lvlup: 10% of the starting balance per payout.
• Starter: 4% on 25K and 50K, 2.5% on 100K and 2% on 150K, never more than 50% of the profit generated.

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.

• Starter: $500 on every size.
• Lvlup: no published minimum.

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

• KYC with Sumsub before the funded account. The payout method must belong to the verified holder.
• Lvlup: the 40% consistency rule must be met when you request the payout.
• Starter: the account is locked from the request until the payout is approved.
• The full requested amount comes off the balance and the drawdown is not reset.

• 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.

A failed account cannot be reset or reactivated: you have to buy a new evaluation.

• Unlimited resets available for a fee (via the Trader Dashboard).
• Restores a fresh account balance with all risk parameters reset.

Payout Protector (+25% of the price): if a funded account fails while in profit, they review the case and may pay what was eligible. It does not prevent the breach or keep the account open, and it must be added at purchase.

• 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.

End-of-day trailing: it follows the highest closing balance and updates once the day ends; intraday moves do not shift it. On Lvlup it stops trailing once the account is up 6% and locks at the starting balance; Starter does not publish that lock. Touching it closes the account.

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

80% on Lvlup and 100% on Starter.

90/10 profit split on all Lite, Prime and Dynamic Reward Accounts. Trader keeps 90%, firm keeps 10%.

No daily loss limit.

No daily loss limits on any plan.

$1,000,000 per trader, adding up every active account, evaluation and funded.

No fixed number of accounts: the limit is the total capital.

• Lvlup: no expiry, but you must trade at least once every 30 days.
• Starter: 30 days from the first trade; it does not renew.

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

5 in the evaluation. Any day with at least one executed trade counts.

• 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

• Lvlup: activation fee after passing, due within 30 days. It is lower if the evaluation was monthly. No monthly fee once funded.
• Starter: no activation fee.

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

Lvlup Elite: 1 point per dollar paid out by Lvlup and 200 per passed Lvlup account; verified payouts and passes at other futures firms count too. 10,000 points unlock 12 months in a club with events and trips, where each point is worth $1. It cannot be bought.

• Lvlup: none; payouts follow 14-day cycles.
• Starter: 5 profitable days before each payout.

• 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

• Lvlup: monthly or one-time payment, your choice. The monthly fee runs while the evaluation is open and stops when you pass, fail or cancel.
• Starter: one-time payment only.
• On Volumetrica, Lvlup monthly ($129, $225, $369 and $476) and Starter ($161, $226, $291 and $356) cost more. Lvlup one-time costs the same on both platforms.

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.

• 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.

Your own bots are allowed, for the holder's own trading. High-frequency bots and bots that copy trades between different traders are forbidden.

• 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.

Allowed within the same account. Forbidden across accounts, yours or another firm's.

No minimum trade duration, but no HFT and no sub-60-second trades at the contract limit.

Contract limit by account size, counting all open exposure together (1 mini = 10 micros). Risking an outsized share of the account on a single move is forbidden.

• Contract limits are applied based on account size.
• Excessive daily contract usage is prohibited (over 250 contracts across micros or minis).

Only between your own accounts, within contract and capital limits. Copying other traders or following signal groups is forbidden.

Allowed in evaluation and funded, with no 3-minute restriction. The general terms of Prop Account, the company running the evaluations, do forbid opening positions 3 minutes before and after a news event.

At least one trade every 30 days; the timer cannot be paused. On Lvlup it also applies once funded.

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.

40%: your best day cannot exceed 40% of total profit. On Lvlup it applies in the evaluation and at every payout request; on Starter, only in the evaluation. Exceeding it does not fail the account: you keep trading until it drops below 40%.

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.

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.

• Exploiting price errors, delays or latency
• High-frequency trading (HFT)
• Hedging or arbitrage across accounts, other firms included
• Front-running and insider information
• Group trading, signals or copying other traders
• Having a third party trade or pass the evaluation for you
• All-in or excessive risk on a single move
• Passing with one strategy and switching it once funded
• Trading at or near the contract limit for under 60 seconds (Prop Account terms)

• 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

Everything closed by 15:55 CST on normal days; trading resumes at 17:00 CST. Hours change on holidays and closing in time is the trader's job.

• 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.