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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

51 differences

30%off · Exclusive
25%off · Exclusive
Headquarters

7901 4th St N Ste 300, St. Petersburg, FL 33702, United States

Algaroud Center, 2nd Floor, Office 101-05, Dubai, UAE

CEO
No data

Sean Bainton

Country

United States

United Arab Emirates

Foundation
No data

2021

Banned Countries
AF, AL, DZ, AD, AO, BS, BB, BY, BA, BW, BG, MM, BI, KH, CF, CN, CI, CU, CD, EC, ET, GE, GH, IS, ID, IR, IQ, JM, XK, LA, LB, LR, LY, MY, MU, MN, ME, MA, NI, KP, PK, PA, PG, RU, RS, SO, SS, LK, SD, SY, TT, TN, TR, UG, UA, VE, VN, YE, ZW
Afghanistan, Albania, Algeria, Angola, Bahamas, Barbados, Belarus, Bosnia & Herzegovina, Botswana, Bulgaria, Burma (Myanmar), Burundi, Burkina Faso, Cambodia, Cameroon, Central African Republic, China, Côte d'Ivoire, Crimea, Croatia, Cuba, Democratic Republic of Congo, Ecuador, Ethiopia, Ghana, Haiti, Hong Kong, Iceland, Indonesia, Iran, Iraq, Jamaica, Kenya, Kosovo, Laos, Lebanon, Liberia, Libya, Macedonia, Mali, Mauritius, Mongolia, Montenegro, Mozambique, Namibia, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Papua New Guinea, Philippines, Qatar, Romania, Russia, Senegal, Serbia, Slovenia, Somalia, South Africa, South Sudan, Sri Lanka, Sudan, Syria, Tanzania, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, Venezuela, Vietnam, Yemen
Assets
Indices, Commodities, Metals, Forex, Agriculture
No data
Payout Fee
No data

2% processing fee on all withdrawals (Riseworks).

Platforms
Rithmic, RTrader Pro, WealthCharts, DeepCharts, Volumetrica, TradingView, Tradesea, MotiveWave, Bookmap, Sierra Chart
Tradovate, ProjectX, Volsys, DeepCharts
Payout Methods
Rise, Dots
Transfer, Crypto
Live Account
Yes

After the three Ascension cycles you move to a Live account with Midgard's real capital, starting at $1,000 to $4,000 by size. Minimum balance: 30% of the highest end-of-day balance, which only rises; if equity touches it, the account is liquidated. No targets or payout caps. It requires extra verification (proof of address, phone and tax ID) and the trader pays their own market data.

Yes

After completing the evaluation and trading consistently on a Simulated Funded Account, the Risk Management team may invite traders to Live. There is no fixed timeline; each trader is evaluated individually. From 28/09/2026, all eligible funded accounts merge into one Live Account at transition. Their starting Live drawdowns add together: five $50K accounts provide $10,000 of combined drawdown. The $15,000 cap applies to new purchases after 28/09/2026. Contract limits scale with the combined drawdown, up to 10 minis / 100 micros. At each live profit milestone of 0.5x, 1x and 1.5x the starting drawdown, 25% of that drawdown is deposited into the Live balance as a bonus. The bonus becomes withdrawable after five winning days with the account in profit. Instead of trading Live, the trader may choose a one-time Live Buyout of 50% of the combined starting drawdown at transition. It is available once per trader, with a 28-day cooldown afterward. Live accounts use end-of-day drawdown with no daily loss limit. CME professional data, trade commissions and platform fees are deducted from the balance. Contract limits may increase with consistent performance.

Payment Methods
Card, PayPal
Card, Crypto, ApplePay, GooglePay
Payout Frequency
  • Raid: once per CME session; after a payout, wait for the next session (6 PM ET).
  • Conquest: after 5 days at the minimum daily profit ($200, $250, $300 and $350 by size) and total profit of at least 5 times that minimum.
  • Ascension: one bounty each completed cycle.
  • Standard: every 3 days, from 3 days after the first trade
  • Reserve: instant payout once eligible (5 winning days)
  • Express: daily payouts
  • Direct: instant payout from day one

Withdrawal eligibility is confirmed by the end-of-day (EOD) dashboard update. Once the withdrawal button is enabled, a request can be submitted at any time without waiting for the next EOD update.

Payout Guarantee

Paid as soon as you confirm an eligible request. It can be held while your latest fills are checked (about 15 minutes) or while the account is under review.

Payouts processed within 24 business hours. If Blue Guardian misses that window through a delay on their end, you receive an extra 10% profit share on that payout. Does not apply on weekends or bank holidays, nor to delays from compliance or risk reviews, Rise onboarding or a pending trader response.

Maximum Withdrawal
  • Raid Light Armor: $1,000, $1,500, $2,000 and $2,500 per request (25K to 150K).
  • Raid Plated: $10,000 per request on every size.
  • Conquest: up to 50% of profit, capped at $1,000, $1,500, $2,000 and $2,500 on Light Armor and $2,500, $5,000, $7,500 and $10,000 on Plated.
  • Live: no cap.
No data
Minimum Withdrawal

$250 per request on Raid and Conquest. Ascension pays fixed bounties.

$500 across all account types.

Other Payout Requirements
  • KYC with Sumsub (ID and facial check) before the first payout.
  • Payouts go through Rise or Dots, which ask for their own onboarding and tax forms.
  • Microscalping: at most 50% of trades or profit since the last payout can come from trades under 12 seconds.
  • Raid: the buffer must stay intact after each payout.
  • Light Armor: you can only withdraw profit made since the last payout. Plated: the same, but only after a payout taken while profit was above the cap.
No data
Refund
No data
No
Demo Account
No data
Unknown
Account Reset
Yes

Up to 3 resets per Trial account, bought manually. They restore the starting balance and erase the account history. Non-refundable.

Yes

Evaluation accounts can be reset at 30% off the original price. After failing the evaluation, the trader has 7 days to decide whether to reset. Funded accounts cannot be reset.

Add-ons
Yes

PLAT End-of-Day Drawdown boost: a Trial bought with it trails the highest end-of-day balance instead of intraday equity. Its price is not public.

Yes

Reserve challenges are configurable at checkout. Traders can choose a Daily Loss Limit or no Daily Loss Limit, combined with a 40% consistency rule (3-day pass) or a 50% consistency rule (2-day pass). The price varies depending on the selected combination.

Express challenges offer an optional 50% evaluation consistency add-on instead of the standard 40% rule, allowing traders to qualify after as few as 2 green days.

Instant
No
Yes
One Step
Yes
Yes
Account scaling
No data
Yes

Scaling applies to funded Reserve and Express accounts only. Standard and Direct keep flat contract limits from start to finish.

On Reserve and Express you get full contract size during the evaluation, and funded limits start lower and grow with the account balance. Updated at end of day (EOD) on the closing balance; if the EOD balance drops below a trigger, the tier can go back down.

Starting funded limits

  • $25,000: 1 mini / 10 micros
  • $50,000: 2 minis / 20 micros
  • $100,000: 3 minis / 30 micros
  • $150,000: 3 minis / 30 micros

Scaling triggers ($25K / $50K / $100K / $150K)

  • +$1,500: 2/20 · 3/30 · 4/40 · 4/40
  • +$2,000: — · 4/40 · 5/50 · 5/50
  • +$3,000: — · — · 8/80 · 8/80
  • +$4,500: — · — · — · 12/120

Flat limits (Standard and Direct)

  • $25,000: 1 mini / 10 micros
  • $50,000: 4 minis / 40 micros
  • $100,000: 8 minis / 80 micros
  • $150,000: 12 minis / 120 micros

1 mini = 10 micros; contracts can be mixed within the limit.

Max Drawdown

Intraday trailing: it follows the highest equity, unrealized profit included. On the Trial it locks at the profit target. Once funded it locks at the starting balance when profit reaches the buffer, which equals the drawdown. Losses and payouts reduce it dollar for dollar; at zero the account fails.

Trailing end-of-day (EOD) on all plans. Values per plan and size:

  • Standard $25K / $50K / $100K / $150K: $1,500 / $2,000 / $3,500 / $5,000
  • Reserve $25K / $50K / $100K / $150K: $1,000 / $2,000 / $3,000 / $4,500
  • Express $25K / $50K / $100K / $150K: $1,000 / $2,000 / $2,500 / $3,500
  • Direct $25K / $50K / $100K / $150K: $1,500 / $2,000 / $3,500 / $4,500

Once the trailing drawdown reaches the starting balance, it locks and stops trailing.

On Direct the drawdown becomes static after the account exceeds the initial trail balance or after the first payout request. After any approved payout the drawdown floor locks at starting balance + $100 on every plan.

Profit Split

80% on Raid and Conquest. Ascension pays fixed 100% bounties.

90% on all funded accounts and plans.

A payout delayed beyond the 24-business-hour guarantee adds an extra 10% profit share on that payout.

Daily Drawdown

No daily loss limit.

Soft breach on every plan: open trades are closed automatically and the account is disabled for the rest of the day, then reinstated the next trading day.

  • Standard $25K: none. $50K / $100K / $150K: $1,000 / $2,000 / $3,000
  • Reserve: configurable at checkout. Traders can choose no daily loss limit or a soft DLL of $600 / $1,200 / $1,700 / $3,000 on $25K / $50K / $100K / $150K. The price varies depending on the selected option
  • Express challenge $25K: none. $50K / $100K / $150K: $1,000 / $1,250 / $1,750
  • Express funded $25K / $50K / $100K / $150K: $500 / $1,000 / $1,250 / $1,750
  • Direct $25K / $50K / $100K / $150K: $1,000 / $1,250 / $2,500 / $3,000
Max Allocation

Up to 5 active accounts at once, Trial or funded: $750,000 with five 150K accounts.

150,000
Mandatory buffer
Limited

Raid only: the buffer equals the account drawdown and only profit above it can be withdrawn. Conquest has no buffer.

Limited

Standard — Funded Buffer

  • $25,000 → $1,600
  • $50,000 → $2,100
  • $100,000 → $3,600
  • $150,000 → $5,100

Payouts are only available from profits earned above the buffer, and the buffer must stay intact when submitting a request.

Express

  • $25,000 → $1,100
  • $50,000 → $2,100
  • $100,000 → $3,600
  • $150,000 → $5,100

Payouts are only available from profits earned above the buffer.

Reserve

  • No buffer to reach before a payout, but after any withdrawal the drawdown floor locks at starting balance + $100.

Direct

  • No profit buffer requirement.
Maximum Accounts

5 active accounts at once and no more than 20 new funded accounts in any 30 days.

No data
Maximum Trading Days

No deadline, but you must trade at least once every 28 days.

No data
Minimum Trading Days
  • Trial: 3 days on Light Armor and 5 on Plated.
  • Ascension: 5 days per cycle, not necessarily in a row.
  • No minimum trading days on evaluation. Standard can be passed in as little as one trading day
  • Express with the optional 50% consistency add-on can qualify after 2 green days
  • Funded: one trade every 7 days to keep the account active
Funded Phase Pricing Model

No activation fee on purchased accounts. Free accounts (100% code, gift or giveaway) may pay a one-time activation when moving to funded: $49 on Light Armor and $99 on Plated.

No activation

Points Reward Program

PLAT: points for purchases, milestones and promotions, which can also be bought. They cannot be withdrawn, have no cash value and are reversed if the purchase is refunded.

No data
Minimum Profitable Days
  • Conquest: 5 days at the minimum daily profit for its size.
  • Raid and Ascension: none.
  • Standard: no minimum. First payout 3 days after the first trade
  • Reserve: 5 winning days before each payout, with a minimum of $100 / $150 / $200 / $250 profit per day on $25K / $50K / $100K / $150K. Winning days reset after every payout
  • Express: no minimum
  • Direct: no minimum
Position size scaling
No data
No
Evaluation Phase Pricing Model

One-time fee per account, no subscription or rebills. You pick the platform at checkout.

One-time fee

Two Steps
No data
No
Three Steps
No data
No
Expert Advisor (EA)
No

Bots, AI execution and mass order entry are forbidden.

No
VPN
No
Yes
Hedging
No
Yes
Requires Stop Loss
No data
No
Scalping
Limited

Trades under 12 seconds count as microscalping and cannot exceed 50% of trades or profit. Tick scalping is forbidden.

Yes

Microscalping (trades held seconds with minimal profit margins) is prohibited. Automated scalping systems that exceed 200 trades per day are not allowed. Exploiting tight brackets or the simulated market's absence of slippage is forbidden.

Stacking / Layering (DCA)
No data
Yes
Martingale
No
Yes
Maximum Risk Limit
Yes

Contract limit by account size, in minis or micros.

Yes

Max risk-to-reward ratio: 5:1. For every $100 of profit target, your initial stop loss cannot exceed $500. Mental stops are accepted but excessive risk-taking can lead to warnings or payout disqualification. Adjusting stops to add risk goes against policy; only move stops forward to trail and protect profits.

Additional risk guardrails:

  • Trade within 2% of any CME price limit is prohibited.
  • Trading without clear risk management, excessive sizing, inconsistent contract sizes or "all-in" strategies may be considered gambling and lead to account review.
  • Holding a position into the daily 16:10 EST auto-close is fine; the auto-close itself doesn't breach the account.
Copy Trading
Limited

Only between your own Midgard accounts. Copying other traders or signal services is forbidden.

No
News Trading
Limited

Free on the Trial. Once funded, stay flat from 2 minutes before to 2 minutes after NFP, CPI and FOMC; other news is free.

Yes

Allowed on both challenge and funded accounts, on every plan. Traders can open, manage and close positions during high-impact news. Blue Guardian warns that slippage and spread widening may occur.

Inactivity Rule

At least one trade every 28 days, counted from purchase or the last reset. Otherwise the account is closed with no refund; they email about 5 days before.

At least one trade every 7 days on funded accounts.

Consistency Rule
Limited

40% on the Trial only: the best day cannot exceed 40% of profit. You need the target or the best day divided by 0.4, whichever is higher. None once funded.

Yes

A single trading day cannot equal or exceed:

  • Standard: 40%, on the funded account only
  • Reserve: configurable as 40% (3-day pass) or 50% (2-day pass), on the evaluation only
  • Express: 40% on the evaluation by default; an optional 50% evaluation consistency add-on allows qualification after as few as 2 green days
  • Direct: 20% on the first payout, 25% on the second, 30% from the third onwards

Calculation: Highest Net Profit Day / Total Account PnL. On evaluation accounts, passing is delayed until the ratio complies with the selected threshold. On funded accounts, payouts are blocked until the ratio drops below the applicable threshold. Violating the rule does NOT terminate the account.

Hold Weekend
No
No
Prohibited Strategies
  • Bots, AI or mass order entry
  • One- or two-tick tick scalping
  • Exploiting simulated fills: rapid-fire orders, gaps, slippage-free stops, tight brackets and auto-breakeven
  • Latency arbitrage or price errors
  • Hedging across accounts and opposite positions in correlated products (NQ and MNQ)
  • Martingale or averaging down
  • Copying other traders or trading for others
  • VPN, proxy or an external or slow data feed
  • Automated scalping systems exceeding 200 trades per day.
  • AI, bots and fully automated trading mechanisms (all account types).
  • Hands-off, continuous day-and-night trading or complete automation.
  • Placing multiple limit orders at the same price to manipulate fills.
  • Strategies aimed at exploiting isolated fills in low-liquidity or gapped markets.
  • Using tight brackets or absence of slippage in the simulated market for favorable fills.
  • Trading during tier 1 economic data releases.
  • Coordinated trading across unconnected accounts (identical or opposing strategies).
  • Microscalping (trades held seconds with minimal margins).
  • Trading within 2% of a CME price limit.
  • Trading without a stop loss, relying on the trailing threshold to close trades.
Overnight positions
No

Everything is flattened automatically at 4:45 PM ET and you stay flat until the 6:00 PM ET reopen.

No
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