What you are signing up for
In the world of prop firms, you pay a fee to take an evaluation. This is a test on a simulated account where you must prove you can trade without losing too much. If you pass, the firm lets you manage a larger amount of virtual capital and keeps a share of the profits you generate.
- Cashed offers a very low barrier to entry. You can start a "Flex" or "Standard" evaluation for as little as $5. They also have an "Instant" option where you skip the test and start earning immediately, though these accounts are smaller.
- Dolvero is more traditional. Their cheapest evaluation starts at $99. They do not offer an instant funding option; you must pass either a 1-step or a 2-step test.
How hard each one is
The difficulty is defined by the profit target (the amount of money you must earn to pass) and the drawdown (the maximum loss allowed before your account is closed).
- Cashed requires a profit target of 8% to 10%. They use a "static" drawdown, which means the loss limit stays fixed at a specific number based on your starting balance. It never moves, even if you make a profit.
- Dolvero has a 10% target for its 1-step accounts. However, these accounts use a "trailing" drawdown. This means the loss limit moves up as your account value grows. If you make money and then lose it, you might hit the floor even if you are still above your starting balance. Their 2-step accounts use a static drawdown, which is safer for beginners.
How long it takes
Most beginners want to know how many days they must trade before they can see any profit.
- Cashed has no minimum trading days. If you reach the profit target in one hour, you pass. There is also no time limit to finish the evaluation.
- Dolvero requires 5 "qualifying days" per phase. A qualifying day is a day where you make at least 0.5% profit. This means you cannot pass Dolvero in a single afternoon; you must show consistent performance over at least five different days.
Where beginners fail
Prop firms have strict rules that can lead to an "account breach," which means you lose the account and your entry fee.
- In Cashed, beginners often fail because of the "daily drawdown." This is a limit on how much you can lose in a single day (3% or 4%). Even if you haven't lost the total allowed for the account, losing too much in 24 hours will disqualify you.
- In Dolvero, the biggest trap is the "consistency rule." This rule says that no single trading day can account for more than 15% of your total profit. If you have one "lucky" trade that makes all your money, Dolvero won't close your account, but they won't let you pass until you trade more to balance your results.
What happens if you make it
If you pass the test, you become a "funded trader." You receive a "profit split," which is your percentage of the earnings.
- Both firms start by giving you 80% of the profits.
- Cashed pays out in USDC (a digital currency tied to the dollar) on the Solana network. They have a minimum withdrawal of 20 USDC.
- Dolvero pays out every 14 days in USDT (another digital dollar). Their minimum withdrawal is $50. A unique feature of Dolvero is their "payout guarantee": if they don't send your money within 24 hours of approval, they add a 10% bonus.
If it is your first time
If you have never done this before, Cashed is the better choice for your first attempt.
The reason is the cost. You can fail a $5 account at Cashed and learn the same lessons that would cost you $99 at Dolvero. Cashed also uses static drawdown on most plans, which is much easier to understand than the trailing drawdown found in Dolvero's 1-step accounts. Dolvero is excellent once you have a proven strategy and want to trade on a professional platform like Bybit, but for a first-time learner, the low cost and simpler rules of Cashed are unbeatable.
Frequently asked questions
Which firm is cheaper to start a first evaluation, Cashed or Dolvero?
Cashed is significantly cheaper for beginners. You can purchase a small evaluation account for just $5, whereas the entry price for Dolvero starts at $99. This makes Cashed the most accessible option for someone who wants to practice the rules of a prop firm without risking a large amount of money.
Does Cashed or Dolvero have an easier drawdown rule for a novice?
Cashed is generally easier because it uses a static drawdown, meaning your loss limit is a fixed floor that never moves. Dolvero uses a trailing drawdown on its 1-step accounts, which means the "floor" follows your profits upward. For a novice, the static limit in Cashed is much simpler to manage and less likely to cause an unexpected account closure.
How do the minimum trading day requirements compare between Cashed and Dolvero?
Cashed has no minimum trading days, allowing you to pass the evaluation as soon as you hit the profit target. Dolvero requires at least 5 qualifying days per phase, and on each of those days, you must earn at least 0.5% of the starting balance. Therefore, Cashed allows for a much faster progression than Dolvero.
Which firm offers more flexibility with trading platforms, Cashed or Dolvero?
Dolvero offers more familiarity for crypto traders by connecting to Bybit Demo via API, which is a world-standard exchange platform. Cashed uses its own proprietary platform, which is built specifically for their internal system. While Cashed is easy to use, Dolvero provides a more "real-world" trading experience through its integration with a major broker.
