Forex Firms Comparator

Tbilisi, Samgori District, Besarion Chichinadze Street 12, Apartment No. 55, Georgia

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

Kutay Aktaş

Jakub Zeliska

Georgia

United Arab Emirates

2024

2023

Live Hyperliquid order book and market data

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

Bybit Instant Pro & Cleo challenges: Daily on-demand withdrawals. Payouts processed in 4-24 hours (usually within 4 hours).

Bybit One Step & Two Step: Every 3-4 days due to Stability Rule.

Payouts are available on demand when all requirements are met. Thunderbolt and Phoenix have no profitable-day minimum. Vanguard requires 6 qualifying days with at least 0.5% realized profit each. The counter resets after every payout.

4-24 hours (usually within 4 hours)

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.

$45 after applying the selected profit split.

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

Bybit challenges (One Step, Two Step, Instant Pro): Up to 1:100 for most tradeable coins on Bybit.

Cleo challenges (One Step, Flex): BTC and ETH up to 1:5, all other assets up to 1:2.

BTC, ETH and SOL: up to 10:1. Other cryptocurrencies: up to 2:1

Forex perpetuals: up to 25:1

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

WTI and Brent crude: up to 8:1

Index perpetuals: up to 10:1

Stock and ETF perpetuals: up to 4:1

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.

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.

Bybit challenges (One Step, Two Step)
Static drawdown calculated from initial balance. Customizable from 6% to 10%.

Bybit Instant Pro
Two drawdown types available (3-8%):

• Smart Drawdown (6%): Trails upward with equity gains. Once account reaches +3% profit, drawdown locks permanently at -3% of starting balance.
• Trailing Drawdown (8%): Trails the High Water Mark (highest of balance or equity). After first payout, resets to 4% trailing from the new balance.

Cleo challenges (One Step, Flex)
Static drawdown calculated from initial balance. Customizable from 3% to 8%. One Step: 5% default. Flex: 3% default.

Thunderbolt: 6% trailing Dynamic Risk Shield. Phoenix: 6% fixed maximum drawdown. Vanguard: 7% trailing maximum drawdown.

Bybit challenges (One Step, Two Step, Instant Pro): Customizable from 60% to 90% depending on the plan selected.

Cleo challenges (One Step, Flex): Customizable from 60% to 90% depending on the plan selected.

80%, 90% or 100%, depending on the checkout option. The base catalogue prices correspond to 80%; the checkout defaults to 90%.

Bybit challenges: Daily maximum loss is half of the total loss limit. Calculated from starting balance at 12:05 AM UTC and does not change during the day until next daily reset.

Cleo challenges: Daily drawdown varies by selected plan and configuration (3-4%).

Thunderbolt: 3%. Phoenix: 3.5%. Vanguard: 3%. The daily boundary is 00:00 UTC.

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.

No time limit. Trade at your own pace.

Unlimited.

Bybit challenges (One Step, Two Step): 3-4 minimum trading days due to Stability Rule.

Bybit Instant Pro: 3 trading days with at least 0.5% profit each (for payout eligibility).

Cleo challenges (One Step, Flex): No minimum trading days required. Pass the challenge at your own pace.

Thunderbolt and Phoenix have no minimum trading days to pass their evaluations. Vanguard has no evaluation.

Thunderbolt and Phoenix: none. Vanguard: 6 days with at least 0.5% realized profit each before every payout.

Bybit API access period is 90 days. Reminder emails are sent starting 10 days before expiration. If not renewed within that period, the account will be restricted and cannot be reactivated.

• Arbitrage trading
• Latency trading
• High-frequency trading (HFT)
• Hedging between accounts
• Tick scalping
• Holding trades less than 50 seconds
• Spamming the order book
• Group trading
• Exploiting the demo environment
• Expert Advisors (EAs) and automated trading systems
• Copy trading (even between own accounts)
• Front-running price feeds
• Exploiting unrealistic prices or mispricing

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.