Perps firms comparator
Pick two prop firms and see them side by side: rules, plans, platforms, leverage, commissions and payouts, next to each one's discount.
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55 differences
No active discount right now.
Delaware, United States
Registered address: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands
Louis Regis
United States
British Virgin Islands
2026
Simulated execution with real market data from Hyperliquid, Binance, Bybit, Lighter, Ostium and Veranta
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.
On demand, with no minimum waiting period. Close all positions and withdraw all profit; balance returns to its initial amount.
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.
No limit
Select, Prime and Signature: $100 of gross profit. Elite: $50, $100, $250 or $500 depending on size.
20 USDC
No withdrawal fee
Within 24 hours
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
Gold and silver: 8:1. Other commodities: 5:1.
WTI and Brent 8:1; natural gas 5:1. Elite: oil 10:1
CL and Brent: 8:1. Other commodities: 5:1.
SP500, NAS100 and US30 12:1; JP225, QQQ and others 5:1. Elite: NAS100 and SP500 40:1, US30 25:1
SP500 and XYZ100: 10:1. Other indices: 5:1.
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: 10:1. Others: 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%.
No resets. After a breach you need to buy a new challenge.
Not available
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.
Target checked on equity, including floating profit.
Targets checked on equity. Balance carries over to the second step.
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.
One step: fixed floor from the starting balance. Two steps: trails the highest equity, including floating profit, and stops at the starting balance. After a payout, balance and limits return to their initial reference.
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.
Each plan's percentage of balance at 00:00 UTC. Enforced on equity, including floating P&L; touching either limit permanently closes the account.
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.
Multiple evaluations and funded accounts under one profile. The aggregate limit applies to initially allocated capital.
No time limit.
No time limit
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.
Points earned on purchases, distributed on Fridays at 18:00 UTC. They are retained even if the evaluation breaches a limit.
Free trading competitions with funded accounts and reward cases as prizes.
None.
Free terminal demo; passing it does not grant funding.
No payouts from accounts that have breached a limit.
Only through the official API (REST, WebSocket or MCP). Automation cannot be used for HFT or any other banned strategy.
Bots and agents allowed. They must not impair platform stability. On funded accounts, bots identical to other users' bots or without customization may be considered coordinated trading.
Not to hide your identity or location or to bypass restrictions. Access through VPNs, datacenter IPs or remote desktops may be reviewed.
Allowed without bypassing geographic restrictions; actual identity and residence must match KYC.
Hedging across accounts is banned. Each account can hold an instrument on only one venue at a time.
Allowed within one account. Prohibited across Propr accounts or with external CEX/DEX accounts to eliminate risk.
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.
No fixed risk percentage per trade. Notional limits per asset and order appear in Asset Universe. Limits tied to open interest may change and Propr may require position reductions.
Built-in copy trading only between your own challenge accounts. Sharing accounts or copying other traders is banned.
Copying from an external account into one Propr account is allowed. Evaluation terms prohibit copying between your own accounts, although the website and rulebook allow it. Coordination to exploit limits 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.
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.
Bug or latency exploitation, wash trading, collusion, account sharing, identity fraud, repeated evaluation purchases as bets, and manipulation of payout/drawdown interactions.



















