Perps firms comparator
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56 differences
No active discount right now.
World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City
United Arab Emirates
Panama
2025
No broker: in-house perpetual futures terminal. It does not say which exchange its prices come from.
Bitunix for crypto perpetuals traded through the Fundex Terminal.
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).
Fees are non-refundable once the account is created and access is granted. If payment is taken but no account is delivered, Fundex reviews the case individually.
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.
On demand, with no fixed windows or waiting periods. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.
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.
No published maximum.
$100. The Stage 1 reward can be withdrawn from $1.
$50
1:1 or 2:1, depending on the instrument.
5:1. On the US Stocks account it is a buying power of 5 times the balance for all positions combined.
Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.
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.
- +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.
Static, measured on the initial account size. Equity with open positions counts; hitting it closes positions and fails the account.
- 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
- 2-Step Pro: 8% static maximum drawdown.
80%, or 90% with the +10% Profit Split add-on.
2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. Fundex’s legal terms state that payments are discretionary bonuses rather than a fixed contractual split.
A free $1,000 Test Account is available to eligible traders who do not currently hold a Fundex account. It uses Fundex Terminal only, with a 10% target, 5% daily drawdown, 10% maximum drawdown and 5 minimum trading days. Profits cannot be withdrawn and completion rewards may vary.
Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while in B-Book.
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.
Evaluation: 5%, recalculated at 00:00 UTC from the balance at that time and measured on equity. There is no daily loss limit at the funded stage.
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.
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.
Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.
Funded accounts can be merged provided their combined balance does not exceed the $400,000 maximum allocation.
No time limit.
No maximum time limit.
3 on the 1-Stage challenge and 5 in each stage of the 2-Stage. Any day you open at least one position counts.
- 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
- 2-Step Pro: No minimum trading days.
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.
EAs and automated systems are allowed when the underlying strategy is the trader's own. Arbitrage, HFT, martingale, grid, environment-exploitation and external trade-replication systems are prohibited.
Allowed within one account. Forbidden across accounts or between coordinated traders, correlated assets such as BTC and ETH included.
Hedging or arbitraging across Fundex accounts, or between Fundex and external accounts, is prohibited. The website does not clarify internal hedging within one account.
- 2-Step Classic: During evaluation, every trade must remain open for at least 3 minutes, including when TP or SL is triggered. The first violation generates a warning and later violations may cause a breach. There is no minimum holding time once funded.
- 2-Step Pro: No minimum holding time during evaluation or once funded.
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.
During both evaluation phases, a single trade cannot lose more than 3% of the balance, including floating losses. The first violation generates a warning. This limit does not apply once funded.
They may close the account if it is not activated within 30 days, after prior notice.
Yes on Crypto + TradFi. On US Stocks everything closes at 23:59 (UTC+4): no overnight or weekend holds.
- 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
- Latency arbitrage, spike catching and tick manipulation
- Exploiting errors, price-feed delays or technical malfunctions
- HFT inconsistent with realistic retail trading
- Martingale, grid and all-in betting
- Hedging or arbitrage across accounts or firms
- Copy trading, replicated signals and self-copy trading
- Front-running and use of non-public information
- Market manipulation, order spamming and toxic flow
- Materially changing strategy after passing the evaluation
- Gambling behaviour, overleveraging or correlated position stacking



















