Futures firms comparator

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

450 Lexington Ave, New York, NY 10017

2026

No Boxcar payout fee.

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.

Evaluation and initial funding are simulated. Prime, Flex and Funded reach live review after 5 approved payouts. Payout triggers review at USD 6,000 / 8,000 / 10,000 / 12,000 daily profit for 25K / 50K / 100K / 150K; the risk team may also initiate review. Approval, KYC and a separate agreement are required. One live account per eligible funded account with at least one payout.
Live starts at USD 0 with size-based EOD drawdown of USD 1,000 / 2,000 / 3,000 / 4,500, no DLL and exchange-specific position scaling. The floor locks at USD 100 upon earning profit equal to the starting drawdown or requesting an earlier payout. Daily requests when eligible.
Moving live closes all household simulated accounts; accounts without payouts are refunded. Prime, Flex and Funded forfeit remaining simulated profit, apart from an eligible final payout. Payout may settle profit above the buffer, capped at USD 15,000 combined with the usual split, after broker verification; the prior close is used and the transition session is excluded. Standard cooldown after a live breach: 2 weeks.

• 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.

Payout: daily requests when eligible. Prime: from 3 days; Flex and Funded: from 5 days per cycle. Plaid: instant delivery to US banks; WorkMarket by ADP: 2 days for international banks. Prior review and approval required.

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.

• 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.

Gross amounts, in 25K / 50K / 100K / 150K order:

• Prime: first payout USD 1,000 / 2,000 / 2,500 / 3,000; later payouts USD 1,500 / 2,500 / 3,000 / 3,500.
• Flex: up to 50% of cycle profit, capped at USD 1,000 / 2,000 / 2,500 / 3,000.
• Payout: available profit above the buffer, with no additional per-request cap.
• Funded: payouts 1-3, USD 1,000 / 2,000 / 2,500 / 3,000; payouts 4-5, USD 1,000 / 2,500 / 3,000 / 3,500.

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

USD 500 gross per request, before the split.

• 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.

Cycle profit goals, in 25K / 50K / 100K / 150K order:

• Prime: USD 250 / 500 / 750 / 1,000.
• Funded: first cycle USD 1,500 / 3,000 / 6,000 / 9,000; later cycles USD 1,250 / 2,500 / 3,500 / 4,500.
  Flex and Payout need a net-positive cycle. Each approval starts a new cycle. Minimum age: 18. Identity verification is required; businesses receive payment in their own name and provide formation, ownership and IDs for owners holding at least 25%. One permanent personal or business profile per trader, with no conversion or replacement. Requests are final and submitted through support.

USD per contract per side; round trip = twice the rate:

• ES, NQ, RTY, NKD, YM: 1.75.
• 6A, 6B, 6C, 6E, 6J, 6S, 6N: 2.40.
• CL, QM, NG: 2.00; QG: 1.30.
• PL, GC, SI, HG: 2.30.
• HE, LE, ZS, ZC, ZL, ZM, ZW: 2.80.
• MES, MNQ, M2K, MYM, MCL: 0.50; MGC: 0.80; SIL: 1.60.
  CME, CBOT, NYMEX and COMEX contracts. QM, QG and NKD count as minis. MNG and MHG are unavailable. Live costs follow onboarding terms.

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

Active or failed evaluations and purchased direct-funded BoxcarFunded accounts can be reset. A reset replaces the account with the same plan and retains its history. Cost is the lower of the original amount paid for that account and its current reset price. Free accounts pay the current reset price. Funding earned by passing an evaluation needs a new evaluation after a breach; live accounts cannot be reset.

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.

Level II: USD 13/month for CME only or USD 39/month for all four exchanges. Rithmic server-side copier: USD 15/month across all accounts on the login. An optional second login is also offered in the portal, with no confirmed public price.

BoxcarFunded starts directly in simulated funding.

Prime, Flex and Payout have one evaluation.

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.

EOD trailing on Prime, Flex and Funded. Payout offers EOD or intraday in evaluation; funded is always intraday, including open profit. The floor never falls and stops at starting balance + USD 100, reached at starting balance + MLL + USD 100. A Flex payout request also locks the floor. Touching the floor, including through open losses, breaches the account.

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

No daily loss limit.

Prime, Flex and Payout offer a DLL at purchase; the choice carries to both stages and cannot change. Hitting it closes positions and locks trading until the next session, without itself breaching the MLL. On funded Prime and Funded, the DLL becomes 60% of peak EOD profit after closing above the initial trail balance, and can only grow. Flex and Payout keep a fixed DLL; Funded 25K never acquires one.

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

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

Prime and Payout must retain starting balance + MLL + USD 100 after a payout. Flex has no additional buffer but must respect its loss floor. Funded applies cycle goals and caps as well as loss-floor protection.

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

Unlimited evaluations and up to 5 active funded accounts across plans. Additional direct-funded purchases remain in reserve. No household simulated trading while a member trades live.

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

No fixed deadline to pass. Inactivity rules still apply.

• Trial: 3 days on Light Armor and 5 on Plated.
• Ascension: 5 days per cycle, not necessarily in a row.

Prime evaluation: a 1-day pass is possible. Flex and Payout have no separate fixed minimum beyond consistency. Payouts: Prime from 3 days; Funded requires 5 trading days per cycle; Payout allows daily requests when other conditions are met.

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 charge after passing and no account subscription.

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.

• Conquest: 5 days at the minimum daily profit for its size.
• Raid and Ascension: none.

Funded Flex: 5 separate days per cycle, each with at least USD 100 / 150 / 200 / 250 net profit for 25K / 50K / 100K / 150K. Day counts restart after payout approval.

Only Flex sim-funded scales contracts with accumulated closing profit; losses or payouts can lower its tier. Prime, Payout and Funded retain full limits. Live scaling is confirmed per exchange.

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

One-time purchase with no automatic renewal. Platform and Level I data included. Breaches, lack of use or a change of mind do not normally qualify for refunds; duplicate or incorrect charges, missing access and statutory rights are reviewed. An unused purchase may receive discretionary review before any order or trade.

Bots, AI execution and mass order entry are forbidden.

Own automated strategies are allowed on evaluations and simulated-funded accounts, subject to all account rules. Software errors and HFT restrictions still apply.

Opposing different products or mini/micro pairs are allowed within one evaluation or sim-funded account. Long and short in the same exact contract, or opposing same/correlated products across accounts, including other traders or firms, are prohibited. Same-account exceptions do not carry over to live. A first violation may return balances to the prior close; repeated violations may breach accounts and end access.

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

Realistic scalping is allowed. More than 50% of profit from trades lasting 5 seconds or less may trigger review. A flag is not automatic failure; confirmed or repeated exploitation may lead to profit removal and loss of access.

DCA and scaling into positions within contract and loss limits.

Permitted within account limits, although Boxcar strongly discourages it.

Contract limit by account size, in minis or micros.

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

Across your own Boxcar accounts, using built-in or third-party copiers. Each account keeps its own limits. Credential sharing and trading for others are prohibited.

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

Allowed on Prime, Flex, Funded and Payout evaluation. Funded Payout must be flat from 1 minute before through 1 minute after high-impact USD news on the Forex Factory calendar; violations breach the account. Cancel pending entries and pause automation. Live has separate terms.

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 closed trade with USD 1 net profit or loss in every 30-calendar-day period. Otherwise the account may be permanently removed. Breached evaluations may be removed after 30 days without a reset.

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.

Prime: none in evaluation, 40% per funded cycle. Flex and Payout: nominal 50% in evaluation plus a 2-point cushion, an effective 52% ceiling; no funded consistency. Funded: 20% per cycle. Best net day divided by total net profit; fees and losing days count. Missing consistency delays passing or payouts without itself breaching drawdown.

Evaluation and sim-funded positions must close before weekends and exchange early closes.

• 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

Exploitative HFT, latency or delayed prices, unrealistic simulated fills, technical defects, spoofing, layering, prohibited coordination or hedging, and trading for others. Brief flipping to count trading days is allowed but does not replace minimum-profit days or payout goals.

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

Trading during the overnight session is allowed, but positions cannot cross the daily close: flatten by 16:45 ET and re-enter from 18:00 ET in the next open session. Scheduled automatic flattening is not a breach. Live follows its own schedule.