Perps firms comparator
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Full comparisonforTraders Perps vs IcebergThe written analysis: where each one wins, who each fits best and FAQs.Read the comparison 53 differences
No active discount right now.
Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates
Jakub Rož
United Arab Emirates
2023
No broker: prices come from Hyperliquid or Binance, whichever has more liquidity for each market.
Simulated capital using Hyperliquid prices and depth. Orders are not sent to the live venue.
- Crypto ($100 to $399): $25
- Rise ($400 or more): $50
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.
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.
48 hours: if not paid within 48h, 100% profit split
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.
Every market trades 24/7, weekends included: indices, gold and oil too.
$10,000 per reward.
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.
$100 to withdraw from the For Traders wallet.
Instant: 1% of initial capital gross. Unlimited and Pro funded: USD 25 gross.
Gold: 20:1 in the help center, 10:1 in the instruments list. Silver, platinum, palladium and copper: 5:1.
WTI and Brent: 8:1. Natural gas: 5:1.
NAS100 and SP500: 12:1. JP225: 5:1.
NVDA, AAPL, MSFT, AMZN, META and GOOGL: 4:1. MSTR, COIN, CRCL, CRWV and BMNR: 2:1. Other stocks: 3:1.
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. Other crypto: up to 2:1.
Fixed daily fee on position value, charged hourly and equal for longs and shorts: crypto 0.03%, forex 0.005%, other markets 0.015%.
Hourly funding using Hyperliquid rates.
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 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%.
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.
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.
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 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.
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.
None.
EAs allowed only as decision-support tools (alerts, partial management, predefined rules). Fully autonomous trading bots are prohibited.
Cross-account hedging (opposing positions on the same instrument across accounts) is forbidden.
Manual scalping allowed with a minimum 5-second hold per trade. Tick scalping and HFT are forbidden.
Martingale strategies (doubling position size after losses) are classified as gambling and forbidden.
Outbound copy trading (from your For Traders account to external accounts) is allowed. Inbound copy trading from external sources is strictly forbidden.
Only between your own accounts. Copying between different users is prohibited.
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.
Close at least one position every 7 days, in the challenge and on the Master account. Breaking it is a hard breach.
Positions can stay open overnight and over the weekend.
Overnight holding is also allowed when usable market data is available.
- 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.
Account sharing, cross-account hedging, copying between users, latency arbitrage and tick-sniping. Breaches may lead to a ban; appeals through Discord.

















