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Futures firms comparator

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50 differences

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Headquarters

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

Suite 302, 2 Pembroke Street Upper, Dublin, Dublin 2, Ireland

CEO
No data

Peter Brown, David Bhidey

Country

United States

Ireland

Foundation
No data

2024

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
Romania, Russia, Senegal, Serbia, Slovenia, Somalia, South Africa, South Sudan, Sudan, Syria, Sri Lanka, Tanzania, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, Venezuela, Vietnam, Yemen, Zimbabwe
Assets
Indices, Commodities, Metals, Forex, Agriculture
No data
Brokers
No data
Alchemy Markets
Platforms
Rithmic, RTrader Pro, WealthCharts, DeepCharts, Volumetrica, TradingView, Tradesea, MotiveWave, Bookmap, Sierra Chart
NinjaTrader, Tradingview, Tradovate
Payout Methods
Rise, Dots
Rise
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.

No data
Payment Methods
Card, PayPal
Card
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.

Flex: every 5 winning days. Direct: on demand once the profit goal and payout rules are met. Processing within 2 business days.

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.

No data
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.

Flex: 50% of cycle profits, capped at $2,000 / $2,500 / $3,000 for $50K / $100K / $150K. Direct: $1,000 / $2,000 / $3,000 / $3,500 per request for $25K / $50K / $100K / $150K.

Minimum Withdrawal

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

Flex: $500 / $1,000 / $1,500 for $50K / $100K / $150K. Direct: $500 on all sizes.

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.

Direct: reach the overall profit goal of $1,500 / $3,000 / $6,000 / $9,000 for $25K / $50K / $100K / $150K before requesting a payout. Remaining profits provide the drawdown cushion after withdrawal.

Commission
No data
Account Reset
Yes

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

Unlimited paid resets during Flex evaluation only. No resets on Flex funded or Direct accounts.

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

Flex only, selected at checkout: increase split to 100% (+15% fee), remove daily loss limit (+15%), or add $250 to maximum loss allowance (+15%). All three: +35%. No add-ons on Direct.

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

EOD trailing, calculated on closing balance. After a withdrawal, the maximum-loss floor locks permanently at the initial starting balance.

Profit Split

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

Flex and Direct use a fixed split instead of the former payout tiers. Flex offers an optional 100% split at checkout.

Free Trial
No data
No
Daily Drawdown

No daily loss limit.

Soft breach: reaching the daily limit pauses trading for the rest of the day. Direct $25K has no daily loss limit; Flex can remove it with an add-on.

Max Allocation

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

Maximum 5 active accounts across Flex evaluation, Flex funded and Direct combined.

Mandatory buffer
Limited

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

No
Maximum Accounts

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

No data
Merge Accounts
No data
No
Maximum Trading Days

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

Flex evaluation: 30 days; paid extensions available in the dashboard. Direct: no evaluation time limit.

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

Flex evaluation: no fixed minimum, but the 50% consistency rule applies. Direct: no evaluation.

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 fee or recurring subscription.

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.

Flex payouts require 5 winning days: at least $150 / $200 / $250 daily profit for $50K / $100K / $150K.

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 payment. No recurring monthly subscription.

Two Steps
No data
No
Expert Advisor (EA)
No

Bots, AI execution and mass order entry are forbidden.

Yes
VPN
No
Yes
Hedging
No
No
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

Micro scalping not allow (trades executed within seconds to under a minute, targeting small profits, typically less than 3 points.

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

Contract limit by account size, in minis or micros.

No data
Copy Trading
Limited

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

Yes

EA and copy trading enabled by default on Flex and Direct, subject to trading rules.

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
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 1 trade every 2 weeks; after inactivity, a reminder gives 1 additional week before closure. Applies to evaluation and 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

Flex evaluation: best day at most 50% of evaluation profit. Flex funded: at most 40% of cycle profit, reset after each payout. Direct: at most 25% of total returns. Exceeding the ratio delays passing or payouts; it does not breach 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
  • All or Nothing Approach: max leverage on single position using loss limits as stop-loss
  • Tick or Micro Scalping: trades with <10 ticks movement
  • Exploiting Favorable Fills (no slippage exploitation, tight brackets)
  • Account Rolling
  • Reverse Trading (opposite positions on separate accounts)
  • Manipulating Gaps and Illiquid Markets
  • Group Trading
  • Account Management (third-party trading on your behalf)
  • Latency Arbitrage
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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