Perps firms comparator

Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands

Tbilisi, Samgori District, Besarion Chichinadze Street 12, Apartment No. 55, Georgia

Kutay Aktaş

British Virgin Islands

Georgia

2024

No broker: in-house perpetuals terminal. Prices come from external feeds, but every order fills inside its own simulation, which controls pricing, execution and slippage.

The fee and add-ons are non-refundable once the evaluation starts. Only if it cannot be activated due to a technical failure on their side, or if your local consumer law requires it.

No cycle: from 14 days after your first rewards account trade, whenever you like. All positions must be closed before claiming, and only one claim can be active at a time.

Bybit Instant Pro & Cleo challenges: Daily on-demand withdrawals. Payouts processed in 4-24 hours (usually within 4 hours).

Bybit One Step & Two Step: Every 3-4 days due to Stability Rule.

No guarantee with compensation. They pay in USDC through a smart contract within minutes once the reserve is ready; if a claim is held for review, you get a time estimate.

4-24 hours (usually within 4 hours)

No published cap: you claim your net closed profit.

$30 per claim. The training mode page says $50.

5:1 on BTC and ETH; 2:1 on other cryptos.

Bybit challenges (One Step, Two Step, Instant Pro): Up to 1:100 for most tradeable coins on Bybit.

Cleo challenges (One Step, Flex): BTC and ETH up to 1:5, all other assets up to 1:2.

5:1 on SPY; 2:1 on SOXL and KORU.

Positions pay a 12% annual borrowing fee on every market, deducted from the net result.

Crypto markets are swap-free by nature.

No resets for sale. The Account Revival add-on revives the evaluation once.

• 90/10 Profit Split: +10% of the price; raises the split from 80% to 90%.
• Account Revival: +80% of the price; if you fail on drawdown, the evaluation is revived once with starting balance and stats.

A training mode promotion gives both free on your first evaluation.

No automatic scaling: to trade more capital you pass more evaluations.

Instant Pro only: make 10% profit on account balance, forfeit 50% of your profit share, and your account size doubles. Scaling up to $2M.

• 1-Step: static on the starting balance; it never moves.
• 2-Step: measured from the highest equity the account reaches, rising with it.
• Rewards account: the same percentage as the plan you passed, static on the starting balance; payouts do not move the floor.

Equity with open positions counts. Hitting it closes positions and permanently closes the account.

Bybit challenges (One Step, Two Step)
Static drawdown calculated from initial balance. Customizable from 6% to 10%.

Bybit Instant Pro
Two drawdown types available (3-8%):

• Smart Drawdown (6%): Trails upward with equity gains. Once account reaches +3% profit, drawdown locks permanently at -3% of starting balance.
• Trailing Drawdown (8%): Trails the High Water Mark (highest of balance or equity). After first payout, resets to 4% trailing from the new balance.

Cleo challenges (One Step, Flex)
Static drawdown calculated from initial balance. Customizable from 3% to 8%. One Step: 5% default. Flex: 3% default.

80%, or 90% with the 90/10 Profit Split add-on. The split is fixed when the rewards account opens.

Bybit challenges (One Step, Two Step, Instant Pro): Customizable from 60% to 90% depending on the plan selected.

Cleo challenges (One Step, Flex): Customizable from 60% to 90% depending on the plan selected.

Free training mode with no expiry, on the same terminal and markets as the evaluation. No card needed.

Measured from equity at the 00:30 UTC daily reset. Hitting it closes positions and permanently closes the account.

Bybit challenges: Daily maximum loss is half of the total loss limit. Calculated from starting balance at 12:05 AM UTC and does not change during the day until next daily reset.

Cleo challenges: Daily drawdown varies by selected plan and configuration (3-4%).

Up to 5 rewards accounts at once, up to $50,000 each: $250,000.

One active evaluation at a time (or one order pending payment) and up to 5 rewards accounts. One user account per person.

No time limit.

No time limit. Trade at your own pace.

None: you can pass with a single trade.

Bybit challenges (One Step, Two Step): 3-4 minimum trading days due to Stability Rule.

Bybit Instant Pro: 3 trading days with at least 0.5% profit each (for payout eligibility).

Cleo challenges (One Step, Flex): No minimum trading days required. Pass the challenge at your own pace.

None.

Bots and automation are forbidden unless pre-approved in writing, although the docs publish an API to trade the evaluation by code.

Using a VPN or proxy to hide your location is forbidden: account closure with no refund.

Tick scalping and holding positions under one minute on average are forbidden.

All trades must be held for more than 50 seconds. Tick scalping is prohibited.

Martingale, grid and averaging down to exploit drawdown limits are forbidden.

Copying trades from another account, signals or social trading platforms is forbidden.

Trading exclusively or mostly around major news to exploit spread widening is forbidden.

Evaluation: 30 consecutive days without logging in or open positions allow them to close the account. Rewards account: 30 days without a trade suspends it, and you ask support to reactivate it.

Bybit API access period is 90 days. Reminder emails are sent starting 10 days before expiration. If not renewed within that period, the account will be restricted and cannot be reactivated.

Stability Score (Bybit challenges only): No single trading day's profit can be equal to or greater than the stability threshold of total profits.

• Bybit Two Step: 45% stability score
• Bybit One Step: 30% stability score
• Bybit Instant Pro: No stability score

Cleo challenges (One Step, Flex): No Stability Rule.

Violating the rule does not breach the account. The trader must continue trading until the best day's profit falls below the threshold.

• High-frequency trading and latency arbitrage
• Statistical or correlation arbitrage
• Tick scalping and trades under one minute on average
• Grid, martingale and averaging down to exploit drawdown limits
• Trading exclusively or mostly around major news
• Exploiting pricing, data feed or platform errors
• Copy trading and group trading with other traders
• Manipulation, wash trading and front-running

• Arbitrage trading
• Latency trading
• High-frequency trading (HFT)
• Hedging between accounts
• Tick scalping
• Holding trades less than 50 seconds
• Spamming the order book
• Group trading
• Exploiting the demo environment
• Expert Advisors (EAs) and automated trading systems
• Copy trading (even between own accounts)
• Front-running price feeds
• Exploiting unrealistic prices or mispricing