Scalping
Both firms allow for high-frequency price action trading, though they have different technical boundaries.
- Cashed: There is no minimum holding time for trades. Traders can exploit small moves freely, provided they do not use strategies based on "stale prices" or latency. The proprietary platform supports up to 100 simultaneous positions.
- FFOne Perps: While there is no published minimum holding time, the firm explicitly prohibits "High-frequency trading" (HFT). This creates a gray area for ultra-fast scalpers. Execution is handled through TruTik, reflecting Hyperliquid’s market conditions.
- Risk and Costs: In both firms, scalping is affected by execution costs. FFOne Perps charges a flat 0.03% per fill (opening and closing), while Cashed deducts fees directly from performance, though they do not publish a single fixed rate.
Swing Trading
Holding positions over multiple days or weeks is permitted in both firms, which is essential for crypto traders.
- Cashed: Overnight and weekend holding is fully allowed as long as the underlying crypto market remains tradable. The static drawdown is beneficial here, as the maximum loss limit does not move up with profits, giving positions room to breathe.
- FFOne Perps: Since perpetual markets trade 24/7, positions can remain open indefinitely. However, swing traders must account for "funding rates" which are debited or credited periodically and directly affect the account balance and drawdown.
- Drawdown impact: Cashed enforces drawdown on equity (including floating losses), meaning a large swing position in temporary drawdown could breach the account even if the balance is high. FFOne Perps also measures drawdown on equity, and reaching the floor results in a "hard breach" (account closure).
News Trading
The ability to trade during high-volatility events differs significantly between these two providers.
- Cashed: Trading during news events is permitted without restrictions. This allows traders to capitalize on the sudden volatility common in crypto markets.
- FFOne Perps: There is a contradiction in their rules. While news trading is allowed during the evaluation phase, the TruTik prohibited list for funded accounts bans news trading, subject to manual review. This makes FFOne Perps a risky choice for news-heavy strategies.
- Alternative: If a trader is banned from news trading on a funded FFOne account, they would have to pivot to a trend-following style that avoids entry/exit during economic or crypto-specific releases.
Automated Trading (EAs and Bots)
This is where the two firms diverge most sharply in their technical offerings.
- Cashed: Algorithmic execution and bots are allowed, subject to API limits. This is ideal for developers or users of automated signals. The firm only prohibits spamming the API or exploiting technical errors.
- FFOne Perps: The website and help center explicitly ban bots and EAs. However, their technical provider (TruTik) mentions that bots are only allowed through their documented API. Because of this conflict, automated traders should proceed with extreme caution or assume it is prohibited.
- Interaction with Payouts: Cashed allows bots but requires all positions and orders to be closed before requesting a payout (Standard/Flex accounts).
Copy Trading
Both firms allow copy trading but restrict it to the trader's own accounts.
- Cashed: Features an authorized built-in copier. You can copy between your owned accounts, but "chains" (copying from A to B to C) are prohibited. It is not available for shared accounts.
- FFOne Perps: Only allows copying between your own accounts. Copying or coordinating trades with other traders or using "account passing" services is a prohibited strategy that leads to a permanent ban.
Hedging and Stacking
- Cashed: Hedging is allowed within the same account if the engine supports it. Stacking (adding to a winning position) and Martingale are also permitted. However, hedging across different accounts to guarantee a pass or payout is strictly forbidden.
- FFOne Perps: Hedging across different accounts (e.g., your evaluation vs. your funded account) is prohibited. Martingale is not explicitly mentioned as allowed, but "sacrificial accounts" (gambling the whole account on one trade) is a banned strategy.
If you trade like this
- Small-capital experimenters: Cashed is the best choice, offering accounts from $5 to $1,000 activation fees.
- Pure automated/API traders: Cashed is the only reliable option given FFOne Perps' conflicting rules on bots.
- High-leverage crypto specialists: FFOne Perps offers up to 40:1 on select markets, whereas Cashed caps the most liquid assets (BTC/ETH) at 10:1.
- US-based traders: FFOne Perps is based in the USA, while Cashed is registered in the UK.
Frequently asked questions
Which firm is cheaper to start with, Cashed or FFOne Perps?
Cashed is significantly cheaper for beginners, as it offers "activation payments" starting at just $5 for small simulated accounts. In contrast, the cheapest evaluation at FFOne Perps starts at $25 for a $5,000 account. Cashed's flexible pricing allows traders to choose intermediate amounts up to $1,000, whereas FFOne Perps follows a more traditional evaluation price structure.
Can I use automated trading bots on both Cashed and FFOne Perps?
No, Cashed is the only one that clearly allows bots and algorithmic execution, provided you stay within API limits. FFOne Perps has conflicting information: while its website and help center ban all automated trading, its technical platform (TruTik) suggests bots might be allowed via API. For safety, Cashed is the better choice for EA users.
How do payout methods compare between Cashed and FFOne Perps?
Cashed handles payouts exclusively through crypto, specifically USDC on the Solana network, with a minimum net amount of 20 USDC. FFOne Perps uses the Rise platform for payouts, which requires identity verification before the first withdrawal and has a higher minimum of $100 gross ($80 to the trader at an 80% split).
Is the drawdown rule more restrictive on Cashed or FFOne Perps?
Both firms use static drawdown, which is generally friendlier than trailing drawdown. However, Cashed's drawdown is calculated against the starting capital and enforced on equity, including floating losses. FFOne Perps also uses a static floor based on equity, but on funded accounts, the floor moves up to the starting balance permanently after the first payout, which adds a layer of long-term risk not present in Cashed's "Flex" or "Standard" rules.























