Midgard Trading: Information and detailed review

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7901 4th St N Ste 300, St. Petersburg, FL 33702, United States

United States

Midgard Trading LLC, based in Florida, United States. Live accounts are opened with the broker EdgeClear and its clearing firm, Dorman.

$250 per request on Raid and Conquest. Ascension pays fixed bounties.

• Raid Light Armor: $1,000, $1,500, $2,000 and $2,500 per request (25K to 150K).
• Raid Plated: $10,000 per request on every size.
• Conquest: up to 50% of profit, capped at $1,000, $1,500, $2,000 and $2,500 on Light Armor and $2,500, $5,000, $7,500 and $10,000 on Plated.
• Live: no cap.

• Raid: once per CME session; after a payout, wait for the next session (6 PM ET).
• Conquest: after 5 days at the minimum daily profit ($200, $250, $300 and $350 by size) and total profit of at least 5 times that minimum.
• Ascension: one bounty each completed cycle.

• KYC with Sumsub (ID and facial check) before the first payout.
• Payouts go through Rise or Dots, which ask for their own onboarding and tax forms.
• Microscalping: at most 50% of trades or profit since the last payout can come from trades under 12 seconds.
• Raid: the buffer must stay intact after each payout.
• Light Armor: you can only withdraw profit made since the last payout. Plated: the same, but only after a payout taken while profit was above the cap.

Paid as soon as you confirm an eligible request. It can be held while your latest fills are checked (about 15 minutes) or while the account is under review.

• ES, NQ, RTY, YM, EMD: $2.38
• MES, MNQ, M2K, MYM: $0.65
• NKD: $3.15
• CL: $2.50 · NG: $2.58 · QM: $2.20 · QG: $1.50 · MCL: $0.80
• 6E, 6A, 6B, 6C, 6J, 6S, 6N: $2.60 · M6A, M6E: $0.54
• GC, SI, HG, PL, PA: $2.60 · QO: $2.00 · MGC: $0.90
• HE, LE, GF: $3.10 · ZC, ZW, ZS, ZM, ZL: $3.13

Up to 5 active accounts at once, Trial or funded: $750,000 with five 150K accounts.

5 active accounts at once and no more than 20 new funded accounts in any 30 days.

One-time fee per account, no subscription or rebills. You pick the platform at checkout.

No activation fee on purchased accounts. Free accounts (100% code, gift or giveaway) may pay a one-time activation when moving to funded: $49 on Light Armor and $99 on Plated.

80% on Raid and Conquest. Ascension pays fixed 100% bounties.

Intraday trailing: it follows the highest equity, unrealized profit included. On the Trial it locks at the profit target. Once funded it locks at the starting balance when profit reaches the buffer, which equals the drawdown. Losses and payouts reduce it dollar for dollar; at zero the account fails.

No daily loss limit.

• Trial: 3 days on Light Armor and 5 on Plated.
• Ascension: 5 days per cycle, not necessarily in a row.

No deadline, but you must trade at least once every 28 days.

• Conquest: 5 days at the minimum daily profit for its size.
• Raid and Ascension: none.

PLAT: points for purchases, milestones and promotions, which can also be bought. They cannot be withdrawn, have no cash value and are reversed if the purchase is refunded.

• Bots, AI or mass order entry
• One- or two-tick tick scalping
• Exploiting simulated fills: rapid-fire orders, gaps, slippage-free stops, tight brackets and auto-breakeven
• Latency arbitrage or price errors
• Hedging across accounts and opposite positions in correlated products (NQ and MNQ)
• Martingale or averaging down
• Copying other traders or trading for others
• VPN, proxy or an external or slow data feed

At least one trade every 28 days, counted from purchase or the last reset. Otherwise the account is closed with no refund; they email about 5 days before.