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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 Upcomers PerpetualsThe written analysis: where each one wins, who each fits best and FAQs.Read the comparison
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54 differences

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Headquarters

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

Building A1, IFZA Business Park, Dubai Silicon Oasis, Dubai, United Arab Emirates

CEO

Jakub Rož

Jakub Zeliska

Country

United Arab Emirates

United Arab Emirates

Foundation

2023

2023

Banned Countries
Pakistan, Iran, Syria, Myanmar, Bangladesh, North Korea, Russian Federation, Belarus, Cuba, Lebanon, Libya, Sudan, South Sudan, Crimea, Donetsk, Luhansk, United Arab Emirates
Afghanistan, Central African Republic, Crimea, Donetsk and Luhansk regions of Ukraine, Cuba, Iran, Iraq, Kosovo, Libya, Mali, Myanmar, North Korea, Palestine, Russia, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela
Assets
Crypto, Stocks, Indices, Commodities, Forex
Crypto, Stocks, ETFs, Indices, Commodities, Forex
Brokers

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

Live Hyperliquid order book and market data

Refund
No data
Yes

Challenge accounts qualify for a bonus equal to 200% of the entry fee after the third fully approved payout. It does not apply to instant funding accounts (Vanguard and Oracle).

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

Bank transfer: $19.90 + 2.49%. Cryptocurrency: $19.90 + 30%. Returned payouts: $30 reprocessing fee.

Platforms
For Traders Perps
Upcomers
Payout Methods
Crypto, Rise
Crypto, Transfer
Payment Methods
Card, Crypto
Card, Crypto, PayPal, ApplePay, GooglePay
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.

Thunderbolt, Phoenix, Vanguard and Oracle: on demand when all requirements are met. Horizon and Odyssey: every 14 days. Qualifying days with at least 0.5% realized profit before each payout: Vanguard 5 (6 on accounts bought before 26 October 2026), Oracle 5, Horizon 3 to 5 and Odyssey 3 or 4 by size; Thunderbolt and Phoenix none. The counter resets after every payout.

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
Maximum Withdrawal

$10,000 per reward.

Perpetuals use the same progressive payout-cap ladder as CFD accounts. The cap increases with each fully approved payout and is removed from payout #8 onward. Profit above the applicable cap is forfeited at the end of the segment.

Minimum Withdrawal

$100 to withdraw from the For Traders wallet.

$45 after applying the selected profit split.

Other Payout Requirements
No data

At least 1% realized profit (3% on Horizon and Odyssey) since account start or the previous payout; all positions closed; drawdown compliance; completed KYC and signed Trader Agreement.

Metals

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

Gold and silver: up to 8:1. Copper: up to 5:1

Energies

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

WTI and Brent crude: up to 8:1

Indices

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

Index perpetuals: up to 10:1

Stocks

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

Stock and ETF perpetuals: up to 4:1

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. Other cryptocurrencies: up to 2:1

Forex
No data

Forex perpetuals: up to 25:1

Commission
No data

Crypto perpetuals: 0.015% maker / 0.045% taker. Stocks, ETFs, indices, commodities and forex: 0.003% maker / 0.009% taker. MSTR, PURRDAT and GOLD: 0.03% maker / 0.09% taker. No spread markup; $10 minimum order.

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%.

No
Account Reset
No data

Resets may be offered after a rule violation. A violation-related reset permanently caps future payouts on that account at 50% of the approved amount.

Add-ons
No data
No
Instant
No
Yes
One Step
Yes
Yes
Account scaling
No data
Yes

Eligible funded accounts can scale by 35% every four consecutive months, up to $4,000,000, after achieving 15% cumulative growth, at least two payouts and a profitable final cycle.

Two Steps
No
Yes
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.

Thunderbolt, Horizon and Odyssey: 6% trailing Dynamic Risk Shield that locks at the starting balance. Phoenix: 6% fixed maximum drawdown. Vanguard: 8% trailing maximum drawdown (7% on accounts bought before 2 November 2026). Oracle: 5% trailing maximum drawdown.

Profit Split

80%.

Thunderbolt, Phoenix, Vanguard and Oracle: 80% base split; 90% (checkout default) or 100% can be chosen for a higher price. Horizon and Odyssey: fixed 80%.

Free Trial
No data
No
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.

Thunderbolt and Horizon: 3%. Phoenix, Vanguard, Oracle and Odyssey: 4%. Measured from the higher of equity or balance at 00:00 UTC.

Three Steps
No
No data
Max Allocation
No data

Current Perpetuals accounts are sold up to $400,000. Total funded capital across all Upcomers programs cannot exceed $1,500,000. Eligible accounts can scale to $4,000,000.

Merge Accounts
No data
No
Maximum Trading Days

No time limit.

Unlimited.

Minimum Trading Days

None.

Thunderbolt and Phoenix: no minimum to pass. Horizon: 2 days. Odyssey: 2 days per phase. Vanguard has no evaluation.

Minimum Profitable Days

None.

Before each payout, days with at least 0.5% realized profit: Vanguard 5 (6 on accounts bought before 26 October 2026); Oracle 5; Horizon 3 up to $50K, 4 up to $200K and 5 from $200K; Odyssey 3 below $100K and 4 from $100K. Thunderbolt and Phoenix: none.

Expert Advisor (EA)
No

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

No
VPN
No data
Limited

Not explicitly prohibited, but strongly discouraged. VPN or VPS use during KYC/AML verification is prohibited.

Hedging
No

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

No

Prohibited, even within a single account, and across accounts.

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.

Limited

Normal scalping is allowed. Tick scalping, HFT and latency exploitation are prohibited; trades repeatedly closed in under two minutes may be treated as tick scalping.

Stacking / Layering (DCA)
No data
Yes
Martingale
No

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

No
Maximum Risk Limit
No data
Yes

Funded maximum loss per trade: 3% on Thunderbolt and Phoenix; 2% on Vanguard, Oracle and Odyssey; 1.5% on Horizon. Positions on the same instrument and direction count as one trade. Exceeding it is a hard breach.

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.

No
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.

Yes

The account expires after 35 consecutive days without closing a trade. A warning is sent 7 days before expiration.

Consistency Rule
No
Yes

20% Best Day Rule at payout for Thunderbolt, Phoenix, Vanguard and Oracle. It is a soft payout requirement and does not breach the account. Horizon and Odyssey: no consistency rule.

Hold Weekend
Yes

Positions can stay open overnight and over the weekend.

Yes

All Perpetuals markets trade 24 hours a day, 7 days a week.

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.

Platform or feed exploitation, tick scalping, high-frequency trading, latency trading, arbitrage, grid trading, martingale, one-sided or all-or-nothing bets, reverse or group hedging, external signal or challenge-passing services, account sharing and coordinated trading are prohibited.

Overnight positions
No data
Yes
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