Time limits
Neither firm imposes a traditional "countdown" to pass their evaluations, but they both limit how long you can remain inactive. At Cashed, you cannot go 90 consecutive days without placing a trade in any account type (evaluation, funded, or Instant) without risking closure. This forces a quarterly presence in the markets regardless of your strategy. However, forTraders Perps is significantly more restrictive: you are not allowed to go more than 7 days without closing a position. This effectively forbids long-term swing trading or waiting for high-probability setups that occur less than once a week, forcing you to manufacture activity just to keep the account alive.
Weekends and news
Cashed does not restrict you during news events or over the weekend, provided the underlying crypto market remains tradable. The limitation here is purely market-driven. In contrast, forTraders Perps limits your operational freedom on the Master account: you are prohibited from opening new positions 5 minutes before and 5 minutes after high-impact news. While you can keep existing trades open, this window prevents you from reacting to volatility as it happens. Breaking this rule results in a "soft breach," meaning any profits generated during that time will not be yours to keep.
Where you can trade from
Cashed does not publish a specific list of banned countries but subjects every user to security, fraud, and sanctions checks, meaning you cannot know for certain if you are eligible without contacting support first. You must also be at least 18 years old. forTraders Perps is much more explicit about its geographic boundaries: you cannot trade from a long list of restricted jurisdictions, including the United Arab Emirates, Pakistan, Iran, Syria, North Korea, and the Russian Federation, among others. If you reside in any of these regions, the platform is entirely off-limits.
What the platform limits
The technical environments of these two firms impose heavy restrictions on your trading style:
- Asset limitations: At Cashed, you are strictly limited to Crypto. You cannot trade Forex, Gold, or Indices. forTraders Perps offers more variety but forces a 5-second minimum hold time for manual scalping, prohibiting tick-scalping and HFT.
- Automation limitations: Cashed allows bots but limits them through API constraints and prohibits "latency exploitation." forTraders Perps is far more restrictive regarding technology: you cannot use fully autonomous EAs. They only allow tools that support manual decisions (alerts or partial management), effectively banning 100% automated systems.
- Software limitations: Cashed forces you to use their Proprietary Platform, meaning you cannot use MetaTrader or other familiar third-party tools. forTraders also uses a specific "For Traders Perps" environment, locking you out of external integrations.
What the rules cost you
The financial structure of both firms limits your potential earnings and your ability to recover from mistakes:
- The cost of failure: Cashed does not offer refunds if you fail or breach an account. The price of the challenge is a sunk cost that limits how many attempts you can afford.
- Drawdown limits: Cashed uses a static maximum loss that never rises or resets, creating a "floor" that gets harder to manage as you take payouts. forTraders Perps uses a daily drawdown based on the higher of balance or equity, meaning floating profits can actually pull your daily limit tighter against you.
- Payout restrictions: At Cashed, your first "Instant" account payout is capped at 5% of the starting capital, preventing you from withdrawing large initial gains. forTraders Perps imposes a high minimum withdrawal of $100 and limits your freedom by charging a $25 fee for crypto payouts under $400 (or $50 via Rise).
Restrictions that add up
The combined effect of these rules creates a high-pressure environment. At forTraders Perps, the 7-day inactivity rule combined with the news trading restriction on Master accounts means you are forced to trade frequently but are simultaneously banned from the most volatile (and potentially profitable) windows. At Cashed, the limitation to only Crypto assets means you cannot diversify your risk into less volatile markets like Forex if the crypto market enters a period of low liquidity or extreme, unpredictable volatility. Both firms use static or balance-based drawdown rules that ensure your "safety margin" never truly grows, even if you are a consistently profitable trader.
Frequently asked questions
Which firm is more expensive to start with, Cashed or forTraders Perps?
Cashed is significantly more accessible for those with limited capital, offering entry-level accounts for as little as $5 (for a $400-600 size). In comparison, the cheapest entry point at forTraders Perps is $46 for a $5,000 "Perps Fast" account. This means Cashed allows for many more "micro-attempts" for the price of a single challenge at forTraders.
Which firm allows more freedom for automated trading, Cashed or forTraders Perps?
Cashed provides much more freedom for algorithmic traders, as it allows the use of bots and algorithmic execution subject only to API limits. forTraders Perps, on the other hand, strictly prohibits fully autonomous EAs, only allowing them to be used as decision-support tools for manual trading.
Which firm has stricter payout conditions, Cashed or forTraders Perps?
forTraders Perps is stricter regarding the cost of withdrawing your money, requiring a minimum of $100 and charging fees of $25 to $50 per payout. Cashed allows for much smaller withdrawals (minimum 20 USDC) and intends to cover standard network fees, though it does cap the first distribution on Instant accounts at 5% of the initial capital.
Which firm limits the variety of tradable assets more, Cashed or forTraders Perps?
Cashed is the more restrictive firm regarding assets, as it only allows trading in Crypto. forTraders Perps offers much more variety, allowing traders to access Stocks, Indices, Commodities, and Forex in addition to Crypto, which prevents the trader from being "trapped" in a single market.
