Perps firms comparator

56 Alekou Konstantinou, Strovolos, 2024, Nicosia, Cyprus

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

Revin Zabala

Kutay Aktaş

Cyprus

Georgia

14-day money-back guarantee if you have not started trading and have not breached the terms. Not available for accounts migrated to another platform.

Any day, weekends included, once the balance is at least 1% above the starting balance. No new profit is needed between requests.

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.

Eligible payouts not processed within 24 business hours (Monday to Friday, 8 AM to 5 PM ET) are doubled. Doubling applies to payouts up to $1,000.

4-24 hours (usually within 4 hours)

All markets trade 24/7, weekends included.

No cap per request: up to your full balance above the 1% threshold. No mandatory buffer.

$50 per request.

EUR and JPY: 50:1. GBP: 25:1.

Gold: 10:1. Silver, platinum, copper and palladium: 5:1.

WTI and Brent crude: 8:1. Natural gas: 3:1. Heating oil: 2:1.

S&P 500 and XYZ 100: 20:1. Japan 225: 5:1. KOSPI 200: 2:1.

AAPL, MSFT, EWY, AMZN and SMH: 5:1. NVDA, GOOGL and META: 4:1. TSLA, AMD, PLTR and other listed names: 3:1. Other stocks and ETFs: 2:1.

BTC and ETH: 8:1. SOL: 5:1. HYPE, XRP, BNB, DOGE and TRX: 3:1. Other crypto: 2:1.

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.

0.025% of position value, charged only when opening. Closing is free. Same on every instrument.

No swap: holding a position overnight costs nothing extra. The opening commission is the only trading cost.

Crypto markets are swap-free by nature.

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

Static, measured from the starting balance, in the evaluation and until the first approved funded payout. That payout moves the floor to the starting balance, once and permanently. Touching it with balance or equity breaches 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% on the first four approved payouts, 85% on the fifth and 90% from the sixth. A rejected request does not advance it.

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.

Hard breach, floating losses included. The allowance is a percentage of the starting balance, subtracted at each daily reset from the higher of closing balance or equity. The program rules set the reset at 22:00 UTC; the FAQ says 5 PM ET.

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 accounts per order, within the $100,000 combined allocation across both programs.

No time limit.

No time limit. Trade at your own pace.

None.

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.

Not available yet: API access for your own bots is announced as coming soon, under the same risk limits. Signal-copying services are excluded.

Allowed as long as no connection from a prohibited country is detected. Purchases and KYC through a VPN or VPS are prohibited.

Allowed within a single account. Opposite positions across accounts are prohibited.

No minimum hold time.

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

Martingale and layering allowed.

No lot size restrictions or margin rules.

Allowed on every plan, including CPI, NFP and FOMC.

An account with no trading activity for 30 days is closed.

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.

Positions can stay open overnight and through weekends.

Exploiting pricing, platform errors or latency; insider information; front-running; third-party or off-the-shelf strategies marketed to pass challenges; passing with one strategy and using another on the funded account; arbitrage against other accounts or firms; hedging across accounts.

• 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