Perps firms comparator
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60 differences
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Bahnhofstrasse 21, 6300, Zug, Switzerland
Alan Sanchez
United Arab Emirates
Switzerland
2022
No broker: in-house perpetual futures terminal. It does not say which exchange its prices come from.
The fee is not refunded. Refunds only apply if Hash Hedge cancels the challenge before it starts or if you are charged twice by mistake (report within 7 days).
No fee: Hash Hedge covers the network fee of the USDT transfer.
Every 14 days, with the account in profit and all positions closed. The commercial terms let you pick the payout day between 14 and 60 days after the first trade of the cycle.
1-Phase and 2-Phase: after at least 15 traded days or every 30 calendar days; the Weekly Payout add-on reduces this to 7 traded days. Break: on demand with no minimum traded days after passing, paying the activation fee and meeting the 40% consistency rule. Instant: Withdrawal & Upgrade at 10% profit with no minimum days; earlier withdrawals follow the standard conditions.
72 hours: if a valid request is not paid within 72h, they pay triple.
The Crypto + TradFi market trades 24/7, weekends included, gold, oil and stocks too. The US Stocks account only trades while the US market is open.
$10,000 per account every 14 days.
$100. The Stage 1 reward can be withdrawn from $1.
5:1. On the US Stocks account it is a buying power of 5 times the balance for all positions combined.
Up to 100:1, depending on the instrument and the limits available on Bybit.
Bybit evaluations use the native fees of the trader's connected Bybit account. Fees vary by trading pair, maker/taker status and volume tier. Crypto Fund Trader does not add a markup.
Variable funding between traders: when longs dominate they pay shorts, and the other way round. It hits the balance at once and counts toward the daily loss.
Resets apply only to suspended Final Stage accounts from 1-Phase and 2-Phase evaluations. Every trade must have used a stop loss, no trade may have risked more than 2%, and the reset must be requested within 30 calendar days.
- +10% Profit Split: raises the split from 80% to 90%.
- Daily Loss Protection: once per challenge, hitting the daily loss closes positions and resets the limit instead of failing. Also works when funded; it does not cover the total loss.
Both cost more on larger accounts.
1-Phase: Weekly Payout (+20%) and 90% Profit Split (+20%). 2-Phase: Weekly Payout (+20%), 90% Profit Split (+20%), 6% Daily Drawdown (+15%) and 12% Maximum Drawdown (+25%).
Instant accounts can double in size after reaching 10% simulated profit and requesting a Withdrawal & Upgrade. They can scale up to $1,280,000.
Static, measured on the initial account size. Equity with open positions counts; hitting it closes positions and fails the account.
1-Phase and Break use a balance-based trailing loss limit that locks at the initial balance after sufficient profit. 2-Phase and Instant use fixed maximum-loss limits. Exact percentages are shown in each challenge.
80%, or 90% with the +10% Profit Split add-on.
1-Phase, 2-Phase and Break start at 80%; 1-Phase and 2-Phase can select a 90% add-on. Instant starts at 50% and increases through its scaling levels.
Fixed amount on the initial size. Measured as current equity minus the start-of-day balance, open positions, fees and funding included. Resets at 00:00-00:13 (UTC+4) on Crypto + TradFi and 08:00-08:10 (UTC+4) on US Stocks.
Daily drawdown is calculated from equity using the account balance at 00:05 UTC. Break accounts do not have a separate daily-loss limit. Exact limits are shown in each challenge.
One funded account per size and market: up to $390,000 in Crypto + TradFi (5K to 200K). US Stocks count separately, up to $190,000.
Standard Final Stage allocation is capped at $300,000. Instant accounts are separate and can scale to $1,280,000. Break accounts also have a separate allocation limit.
No limit during evaluation. Funded: one account per size and market; a 1-Stage and a 2-Stage of the same size count as the same.
No time limit.
Unlimited.
3 on the 1-Stage challenge and 5 in each stage of the 2-Stage. Any day you open at least one position counts.
No minimum trading days to pass 1-Phase, 2-Phase or Break evaluations. Instant has no evaluation phase.
HH Coins: cashback on purchases paid in USDT or USDC, at a rate Hash Hedge sets at each time. Only usable on challenges or add-ons; not withdrawable.
None.
In-house terminal with no API or EAs. The terms forbid bots, scripts and automation tools.
Expert Advisors and automation are allowed when used for normal trading. EAs designed for high-frequency trading, tick scalping, arbitrage, reverse trading or exploitation are prohibited.
Allowed within one account. Forbidden across accounts or between coordinated traders, correlated assets such as BTC and ETH included.
Hedging and opposite positions across accounts are prohibited. To reverse direction on the same instrument, existing opposite positions must first be closed and the applicable timing rules respected.
Normal scalping is allowed. Tick scalping, high-frequency trading and latency exploitation are prohibited.
Size limit per instrument, leverage included: BTC, ETH or SOL up to $250,000 per position and $500,000 in total; most altcoins $5,000. US Stocks: up to 10,000 shares per ticker.
Simulated profit is capped at $10,000 per trading day and per trade. Trades closed in parts or opened together as one strategy may be treated as a single trade.
Break evaluations may be copied only between the same trader's own Break accounts. Copy trading is prohibited in Break Final Stage and between different traders, third parties or coordinated accounts.
They may close the account if it is not activated within 30 days, after prior notice.
Only Break Final Stage accounts apply a consistency rule: no single trading day may represent more than 40% of total profits. It is checked only when requesting a payout and does not breach the account.
Yes on Crypto + TradFi. On US Stocks everything closes at 23:59 (UTC+4): no overnight or weekend holds.
Crypto futures trade 24 hours a day, 7 days a week, and positions may remain open overnight and over weekends.
- Arbitrage exploiting errors, latency or delayed prices
- Manipulation (wash trading, spoofing, pump and dump)
- Bots, scripts and APIs to gain an edge
- Hedging across accounts or between coordinated traders
- Sharing or selling the account
High-frequency trading, tick scalping, latency or price-feed exploitation, arbitrage, gambling or all-in trading, abusive hedging, reverse trading across accounts, coordinated trading, unauthorized deposits into the Bybit subaccount, modifying or disconnecting the API, spot trading, options and non-USDT pairs are prohibited.



















