Entry price
The entry cost is where these two firms diverge most sharply. Cashed uses a variable "activation payment" model, while Fundex sticks to fixed evaluation fees.
- Cashed allows you to start for as little as $5, which grants access to a $200 Instant account, a $400 Flex account, or a $600 Standard account.
- The $10,000 tier costs $250 at Cashed (Instant model), whereas a $10,000 2-Step Classic account at Fundex costs $89.
- For large capital, a $100,000 account at Fundex (Classic) costs $529, while Cashed requires a $1,000 activation for its $120,000 Standard tier.
- Fundex offers a free $1,000 test account, which has zero entry cost but no withdrawable profit, serving only as a platform trial.
What you pay while trading
Operating costs are not always visible in the initial price but affect your bottom line every day.
- Commissions: Fundex charges a percentage-based commission on crypto between 0.02% and 0.06%. Cashed does not publish a single rate; fees are displayed within the platform and deducted from performance, making the exact cost less predictable before starting.
- Swap Costs: Cashed currently offers "swap-free" trading as funding payments are not debited or credited. Fundex does not offer swap-free accounts, meaning holding positions overnight incurs a recurring cost.
- Leverage impact: Cashed offers up to 10:1 on major cryptos, while Fundex limits BTC and ETH to 4:1. Lower leverage at Fundex means you need more margin to maintain the same position size, effectively increasing the "capital cost" of your trades.
What mistakes cost you
In prop trading, the ultimate cost of a mistake is the loss of the account fee and any accumulated profits.
- Drawdown Rules: Both firms use a static maximum drawdown measured on equity. At Cashed, the limit is 6% for Standard/Instant and 7% for Flex. Fundex is more lenient, offering 10% on its Classic accounts and 8% on Pro.
- Hard Breaches: Fundex Classic has a 3-minute minimum holding time rule; violating this repeatedly results in an account breach. Cashed has no minimum holding time, meaning scalpers won't "pay" for quick exits with a lost account.
- Trade Restrictions: Fundex prohibits Martingale and Grid strategies. If you use these, you lose the account. Cashed allows Martingale, making it "cheaper" for traders whose strategies rely on these methods as they won't face disqualification.
What it costs to get paid
The "cost" of a payout includes minimum thresholds, profit splits, and network fees.
- Profit Split: Cashed starts at an 80% split (scalable to 90%). Fundex starts lower at 70% for Classic and 80% for Pro. This 10% difference in the Classic model is a direct cost on your successful trades.
- Minimums and Fees: Cashed requires a minimum of 20 USDC net to the trader, and they intend to cover standard network fees. Fundex has a higher minimum withdrawal of $50 and uses Rise for payouts.
- Instant Payout Cap: At Cashed, the first gross distribution for Instant accounts is capped at 5% of starting capital. This is a "delay cost" for high-performers who cannot withdraw their full profit immediately.
Where each one hides its cost
- Cashed: The hidden cost lies in the 5% payout cap for Instant accounts and the lack of a published fixed commission rate. Additionally, while resets exist, their pricing is not public, which could lead to unexpected costs when trying to recover a failed account.
- Fundex: The cost is hidden in the 3-minute rule for Classic evaluations and the 3% max loss per trade rule during the evaluation phase. These "micro-rules" increase the probability of a breach, forcing the trader to pay for a new evaluation.
Cheapest for whom
- Cashed is the cheapest for micro-traders and beginners who only want to risk $5 to $50 to start, or for those using Martingale/Grid strategies that would be banned elsewhere.
- Fundex is the cheapest for disciplined swing traders who need a higher drawdown cushion (10%) and prefer a lower upfront cost for larger accounts (like the $10,000 tier) in exchange for a slightly lower initial profit split.
Frequently asked questions
Which firm is cheaper to start a $10,000 account, Cashed or Fundex?
Fundex is significantly cheaper for this specific size, charging $89 for a 2-Step Classic evaluation. In contrast, Cashed charges $250 for a $10,000 Instant account or $100 for an $8,000 Flex account, as they don't have a specific $10,000 tier in their Standard/Flex models.
Does Cashed or Fundex have a lower minimum withdrawal amount?
Cashed has a lower threshold, allowing traders to withdraw once they reach 20 USDC net profit. Fundex requires a minimum of $50 before a payout can be requested.
Which firm allows more trading styles like Martingale or EAs, Cashed or Fundex?
Cashed is much more flexible, as it explicitly allows Martingale, Grid, and EAs with very few restrictions. Fundex allows EAs only if the strategy is your own, and it strictly prohibits Martingale, Grid, and any trade lasting less than 3 minutes in its Classic evaluation.
Which firm pays out faster, Cashed or Fundex?
Both are very fast, but Fundex claims to process most requests within 60 minutes (max 24 hours) including weekends. Cashed offers "on-demand" payouts for most accounts, but for its Instant model, after the first payout, there is a 48-hour waiting period between requests.
