Perps firms comparator

Delaware, United States

United States

Panama

2026

2022

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.

Request a refund from support within 28 days of purchase without engaging with the program, trading, or using an Instant Account or evaluation. Fees are non-refundable once participation starts.

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. Claim Profit credits the Primary Account in 24 hours; USDC can then be withdrawn to a wallet.

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 amount cap on Claim Profit. Wallet withdrawals exceeding a rolling $50,000 total in 24 hours require a 24-hour processing period.

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

1 USDC for withdrawals from the Primary Account to a wallet.

No Claim Profit fees beyond the profit split.

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

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.

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, fixed at account creation. Equity includes unrealized PnL. Breaching the limit permanently closes the account.

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.

When applicable, resets at 20:00 ET using balance including reserved collateral, excluding unrealized PnL. Transfers adjust the floor dollar-for-dollar; current equity is checked. Continues in the funded phase.

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.

Up to 10 funded accounts and 100 evaluations per user, according to current platform limits.

None.

No minimum in either evaluation or the funded phase.

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.

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

None.

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

API trading is not available on Funded Accounts, so external bots cannot be connected.

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

VPNs or other anonymization tools must not be used to circumvent service restrictions.

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.

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.

Positions may be held. Crypto trades 24/7; other markets lock over their weekend closure and positions cannot be managed until reopening.

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.

Price, liquidity, volume, funding, oracle or liquidation manipulation; wash trading, spoofing, layering and prearranged trades; exploiting errors, latency, cross-venue differences or risk and payout calculations; coordinating accounts or identities to abuse the program, including opposite positions; and inducing, anticipating or exploiting Vest hedging activity are prohibited. Attempts are also covered. API trading is unavailable; XRP and HYPE are also unavailable.