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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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Full comparisonforTraders Perps vs CashedThe written analysis: where each one wins, who each fits best and FAQs.Read the comparison
Head to head

51 differences

No active discount right now.

Headquarters

Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates

Registered office: 9 St. Clair Road, Salisbury, England, SP2 8AE

CEO

Jakub Rož

No data
Country

United Arab Emirates

United Kingdom

Foundation

2023

2026

Banned Countries
Pakistan, Iran, Syria, Myanmar, Bangladesh, North Korea, Russian Federation, Belarus, Cuba, Lebanon, Libya, Sudan, South Sudan, Crimea, Donetsk, Luhansk, United Arab Emirates
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Assets
Crypto, Stocks, Indices, Commodities, Forex
Crypto
Brokers

No broker: prices come from Hyperliquid or Binance, whichever has more liquidity for each market.

No data
Refund
No data
No

No refund for failing or breaching an account. Exceptions for duplicate charges, payment errors, non-delivery and applicable statutory rights.

Payout Fee
  • Crypto ($100 to $399): $25
  • Rise ($400 or more): $50

Cashed intends to cover standard network fees where practical; exceptional costs disclosed in advance

Platforms
For Traders Perps
Propietary Platform
Payout Methods
Crypto, Rise
Crypto
Payment Methods
Card, Crypto
Crypto
Payout Frequency

On demand from the first day on the Master account, with positions closed. First reward after 1% profit on the initial balance; then 2% growth on the remaining balance between rewards.

Standard, Flex and Build Your Own: on demand, with closed net profit and no open positions or orders. Instant: first payout after 1% closed net profit, without a waiting period; then every 48 hours. One pending request at a time. Shared-account payouts go to the owner.

Payout Guarantee

48 hours: if not paid within 48h, 100% profit split

No data
Crypto Weekend Trading
Yes

Every market trades 24/7, weekends included: indices, gold and oil too.

Yes

While the market remains tradable

Maximum Withdrawal

$10,000 per reward.

Instant: first gross distribution capped at 5% of starting capital

Minimum Withdrawal

$100 to withdraw from the For Traders wallet.

20 USDC net to the trader

Metals

Gold: 20:1 in the help center, 10:1 in the instruments list. Silver, platinum, palladium and copper: 5:1.

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Energies

WTI and Brent: 8:1. Natural gas: 5:1.

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Indices

NAS100 and SP500: 12:1. JP225: 5:1.

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Stocks

NVDA, AAPL, MSFT, AMZN, META and GOOGL: 4:1. MSTR, COIN, CRCL, CRWV and BMNR: 2:1. Other stocks: 3:1.

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Crypto

BTC: 10:1. ETH: 8:1. BNB and SOL: 5:1. HYPE, DOGE, XRP, TRX and LIT: 3:1. Other crypto: 2:1.

BTC, ETH and SOL: up to 10:1. Major crypto: up to 5:1. Others: 2:1. The lower account or market limit applies.

Swap Free
No

Fixed daily fee on position value, charged hourly and equal for longs and shorts: crypto 0.03%, forex 0.005%, other markets 0.015%.

Yes

Recurring funding payments are not currently debited or credited; displayed rates are reference data

Account Reset
No data

The rulebook provides for account resets and upgrades; only the owner purchases them on shared accounts. Pricing is not published.

Instant
No
Yes
One Step
Yes
Yes
Account scaling
No data
Yes

Level 1: 3 payouts and 10% lifetime net profit, capital at 125% of its original amount and split up to 85%. Level 2: 6 payouts and 20%, capital at 150% and split up to 90%. Each qualifying payout may require a 1% gross distribution of current capital. $500,000 aggregate cap; a higher starting split is not reduced.

Two Steps
No
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Max Drawdown

Static, measured from the initial balance, in the challenge and on the Master account. After the first reward the floor locks at the initial balance for good. Hard breach.

Static against starting capital and enforced on equity, including floating losses. It does not rise with profits or reset after payouts. Touching the floor breaches the rule.

Profit Split

80%.

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Daily Drawdown

Hard breach, open positions included. A fixed share of the initial balance, subtracted at 00:00 server time (CET/CEST) from the higher of balance or equity.

At 00:00 UTC, the percentage applies to the greater of starting capital and closed balance. Floating losses and costs count. A paid payout resets the allowance for the rest of the day using the remaining balance; the withdrawal is not a trading loss.

Three Steps
No
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Max Allocation
No data
500,000
Maximum Accounts
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Unlimited evaluations; up to 2 active Instant accounts. The funded-capital cap includes Instant, scaling and shared capital attributed to each member.

Merge Accounts
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No
Maximum Trading Days

No time limit.

No evaluation time limit; inactivity rules apply

Minimum Trading Days

None.

0 days in evaluation and funded accounts

Points Reward Program
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100 XP = $1 account credit. Accounts with up to $10,000 capital may be paid entirely with XP. Above that: up to 50% of the price after coupons. Not withdrawable as cash.

Minimum Profitable Days

None.

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Expert Advisor (EA)
No

EAs allowed only as decision-support tools (alerts, partial management, predefined rules). Fully autonomous trading bots are prohibited.

Yes

Bots and algorithmic execution allowed, subject to API limits; spam, overload and latency exploitation prohibited

VPN
No data
Limited

Privacy or security use allowed; not to bypass restricted jurisdictions, sanctions, bans or account controls

Hedging
No

Cross-account hedging (opposing positions on the same instrument across accounts) is forbidden.

Limited

Within the same account where supported by the engine. Coordinated opposite positions across accounts to guarantee passing or payouts prohibited.

Requires Stop Loss
No data
No
Scalping
Yes

Manual scalping allowed with a minimum 5-second hold per trade. Tick scalping and HFT are forbidden.

Yes

No minimum holding time; exploiting stale prices prohibited

Stacking / Layering (DCA)
No data
Yes
Martingale
No

Martingale strategies (doubling position size after losses) are classified as gambling and forbidden.

Yes
Maximum Risk Limit
No data
No

No fixed risk-per-trade percentage or per-position margin-percentage cap; available margin, leverage, market limits and account-loss limits still apply. Up to 100 simultaneous positions in CAS-1.0.

Copy Trading
No

Outbound copy trading (from your For Traders account to external accounts) is allowed. Inbound copy trading from external sources is strictly forbidden.

Limited

Between owned accounts and through the authorised built-in copier. One source per destination, no chains; unavailable on shared accounts. Never share credentials.

News Trading
Limited

Free in the challenge. On the Master account, no new positions from 5 minutes before to 5 minutes after high-impact news; open positions can stay. Breaking it is a soft breach: those profits may be deducted.

Yes
Inactivity Rule
Yes

Close at least one position every 7 days, in the challenge and on the Master account. Breaking it is a hard breach.

Possible closure after 90 consecutive days without trading in evaluation, funded and Instant accounts

Consistency Rule
No
No
Hold Weekend
Yes

Positions can stay open overnight and over the weekend.

Yes

Overnight and weekend holding allowed while the market remains tradable

Prohibited Strategies
  • Arbitrage (latency, reverse, statistical)
  • HFT (High Frequency Trading)
  • Grid trading
  • Tick scalping
  • Fully autonomous bots/EAs
  • Cross-account hedging
  • Gambling behaviors (overleveraging, all-in trades > 70% of profit target)
  • Martingale
  • Inbound copy trading and signal services
  • Group/signal trading from Telegram, Discord etc.

Latency, stale-price, technical-error or impossible-fill exploitation; coordinated risk-free cross-account hedging, abusive account farming, wash trading, spoofing, manipulation, API-limit evasion and third-party management outside authorised features.

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