Perps firms comparator

Delaware, United States

United States

2026

Simulated execution with real market data from Hyperliquid, Binance, Bybit, Lighter, Ostium and Veranta

Simulated capital using Hyperliquid prices and depth. Orders are not sent to the live venue.

The fee is not refunded with payouts. An unused challenge can be refunded within 48 hours of purchase, minus a $25 fee.

Select, Prime and Signature: one request per New York calendar day. Elite: on demand. Requests need all positions closed, are reviewed manually and lock trading while pending.

Instant: first request 120 hours after the first executed trade; thereafter, 120 hours after each received payout. Unlimited and Pro funded: on demand, without a waiting period or cooldown.

Crypto trades 24/7, weekends included.

$100,000 lifetime cap across all accounts, counted after the split. Once reached you cannot buy new accounts, but active funded accounts keep paying out.

Instant: 5% of initial capital gross per payout. Each request resets the balance to initial capital; excess above the cap is forfeited on settlement. Partial withdrawals are unavailable. Unlimited and Pro: no such cap.

Select, Prime and Signature: $100 of gross profit. Elite: $50, $100, $250 or $500 depending on size.

Instant: 1% of initial capital gross. Unlimited and Pro funded: USD 25 gross.

Native USDC payouts on Arbitrum One, subject to available public-pool funds. Requests may queue when liquidity is unavailable. Close positions and cancel orders before requesting.

EUR/USD and USD/JPY 50:1; GBP/USD and AUD/USD 25:1

Gold 10:1; silver, platinum, palladium and copper 5:1. Elite: gold 20:1

WTI and Brent 8:1; natural gas 5:1. Elite: oil 10:1

SP500, NAS100 and US30 12:1; JP225, QQQ and others 5:1. Elite: NAS100 and SP500 40:1, US30 25:1

From 2:1 to 5:1 depending on the stock

BTC 10:1, ETH 8:1, SOL 5:1, BNB 3:1; most altcoins 2:1

BTC, ETH and SOL: up to 10:1. Other crypto: up to 2:1.

Per fill, same for maker and taker: crypto 0.03%, stocks, indices and commodities 0.005%, forex 0.0025%. Elite: 0.001% on NAS100, SP500, gold and WTI. Liquidations add a 0.1% penalty.

Fixed daily swap charged every hour on longs and shorts, instead of venue funding: crypto 0.03%, stocks, indices and commodities 0.015%, forex 0.005%.

Hourly funding using Hyperliquid rates.

No resets. After a breach you need to buy a new challenge.

90% split: +20% of the price, only at checkout. Reduced Fee: halves commission and swap for 10% of the fee (min $10); not on Elite.

Static, measured on equity, never trails. Select, Prime and Signature: the first payout locks the floor at the starting balance. Elite: the floor never moves.

Static floor based on initial capital; it does not trail profits or decrease after payouts. Checked against equity, including open P&L, fees and funding.

80%. 90% with the checkout add-on.

3% of the starting balance, from start-of-day equity including open positions. Resets at midnight New York time. Elite No DLL has none.

Based on the opening balance at 00:00 UTC, after funding. Payout reserves and returns adjust cash and the daily floor equally.

Instant: USD 50,000 across unexpired accounts and pending purchases; up to USD 50,000 active. Standby accounts count and archiving does not free capacity. Unlimited and Pro: no evaluation allocation cap; up to USD 200,000 combined funded and active. Separate limits; a passed evaluation waits until capacity is available.

No limit on purchases. Up to $100K in active evaluations and $100K funded per plan, and $300K funded in total. Elite No DLL: up to $250K bought in any rolling 7 days.

No time limit.

Instant: expires 90 days after first activation, even without trading. Unlimited and Pro: no expiration in evaluation or funded phases.

None.

No minimum.

FP Points from purchases and tasks, redeemable for reward cases; they expire after 90 days. Payouts taken as store credit get +5%; store credit expires after 45 days.

Ice Points for eligible activity; the formula is variable and unpublished. 10,000 points: 5% discount; 18,000: 10% discount; 7,500: badge. Owner-bound codes, one use, valid for 90 days and non-stackable.

Free trading competitions with funded accounts and reward cases as prizes.

None.

Free USD 5,000 demo, one at a time.

After a loss-limit breach or Instant expiry, unrequested funded profit loses payout eligibility. Amounts reserved for previously submitted requests are not automatically forfeited.

Only through the official API (REST, WebSocket or MCP). Automation cannot be used for HFT or any other banned strategy.

Not to hide your identity or location or to bypass restrictions. Access through VPNs, datacenter IPs or remote desktops may be reviewed.

Hedging across accounts is banned. Each account can hold an instrument on only one venue at a time.

No minimum holding time. High-frequency trading is banned; up to 30 orders per minute and 250 per hour, half a second apart.

Exposure cap per market, shared by your accounts of the same plan and size (Elite: per account, up to 40x the balance in total). Up to 15 open positions and 20 pending orders; minimum order $10.

Built-in copy trading only between your own challenge accounts. Sharing accounts or copying other traders is banned.

Only between your own accounts. Copying between different users is prohibited.

Free in the evaluation. Funded: no new exposure from 10 to 2 minutes before high-impact news, and no manual trades from 2 minutes before to 2 minutes after. Stock earnings count too.

Evaluation: at least one trade every 30 days. Funded: at least one trade every 7 days.

Yes on 24/7 markets such as crypto. On 23/5 markets, positions are closed automatically 15 minutes before Friday's close.

Overnight holding is also allowed when usable market data is available.

Cross-account hedging; group or coordinated trading; sacrificial accounts and account cycling; all-or-nothing evaluation gambling; high-frequency trading; latency arbitrage; trading stale or wrong prices; exploiting execution, platform bugs or loopholes; spoofing, layering, wash trading and quote stuffing; risk-free setups; account sharing or passing services.

Account sharing, cross-account hedging, copying between users, latency arbitrage and tick-sniping. Breaches may lead to a ban; appeals through Discord.