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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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  • Only the differences in one click
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Head to head

44 differences

30%off · Exclusive
Headquarters

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

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

CEO
No data

James Thorpe

Country

United States

United States

Foundation
No data

2020

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, 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
Indices, Commodities, Metals, Forex, Agriculture
Futures
Brokers
No data
Tradovate, Rithmic
Payout Fee
No data
  • US Wire Transfer: Free
  • International Wire Transfer: $15/withdrawal
  • Crypto L1: $2.5/withdrawal + estimated gas fees
  • Crypto L2: Free
Platforms
Rithmic, RTrader Pro, WealthCharts, DeepCharts, Volumetrica, TradingView, Tradesea, MotiveWave, Bookmap, Sierra Chart
Tradovate, NinjaTrader, Tradingview, Jigsaw, Quantower, Rithmic
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

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, PayPal
Card, PayPal
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.

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

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.

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

Minimum Withdrawal

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

$250 minimum per payout request.

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
Account Reset
Yes

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

Available on current plans. See challenges for reset price.

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.

No
Instant
No
No
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.

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

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

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 data
No
Daily Drawdown

No daily loss limit.

No data
Max Allocation

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

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

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.

Unlimited

Minimum Trading Days
  • Trial: 3 days on Light Armor and 5 on Plated.
  • Ascension: 5 days per cycle, not necessarily in a row.
  • Quick Pay: 5 trading days minimum (non-consecutive).
  • Fast Pass: no minimum trading days.
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 on TradeDay 2.0.

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.

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

Position size scaling
No data
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

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

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

Expert Advisor (EA)
No

Bots, AI execution and mass order entry are forbidden.

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
No
No
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

Scalping allowed EXCEPT: High-frequency ATS, >200 trades per day, trades in few seconds for 1-2 ticks, playing with sim matching engine.

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

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
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.

No
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.

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

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

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, 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
  • 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

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

Yes
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