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Selected programs, exact terms

21 firms and 525 selected configurations. Each column is one exact account: program, variant and size. Each market is compared separately.

Listed alphabetically; this is not a ranking. Use the information button beside any value for its conditions, calculation and official sources. How we handle numbers · Browse by firm · Written comparisons

Sources checked 19 September – 13 November 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-11-13-pilot-3, approved 13 November 2026. Each source shows the date it was last checked.

CFD/FX · Overview · 7 criteria · three accounts compared

Compare up to three accounts. Choose a firm, a program and a size for each, in any order.

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CFD/FX accounts compared by criterion.
Criterion	Blue Guardian · 2 Step Standard · $100,000	FXIFY · One Phase · $100,000	Tradeify · Daily · $100,000
List price	$463 one-time	$549 one-time	$429 one-time
Opening loss allowance	$8,000	$6,000	$4,000
Difficulty ratio	1.50	1.667	2.50
Fee per $1,000 of opening risk	$57.88	$91.50	$107.25
Initial profit share	85%	80%	80%
First and later payouts	The first payout at least 14 calendar days after the first trade, then every 14 days from the previous request; with the weekly payout add-on (+15% of the price), 7 days and then every 7 days.	First payout on demand, once the first trade on the funded account is closed, with at least 5 trading days. After that, once a month, or every 14 days with the Bi-Weekly Payouts add-on (+5% of the fee). The account is read-only while a request is pending.	Daily: a payout can be requested every day once the balance is above the starting balance plus the 4% buffer; from the second payout cycle, 1% of the account size in new profit is needed first.
Payout minimums and caps	At least $100 by crypto or $500 by Rise; crypto payouts are limited to $1,000 a request, Rise has no maximum.	$50 minimum and no limit on the amount. Withdrawing all the profit is allowed but forfeits the funded account, since the drawdown locks at the starting balance after a payout.	$100 minimum. Each payout is capped at 3% of the initial balance ($3,000), counted on the amount requested before the 80% share, and only profit above a 4% buffer ($4,000), which stays in the account, can be requested. You must be flat to request, and only one request can be open at a time.
Activation fee	None	None	None
Platform and data fees	None	None	None
Payout processing fees	A 3% processing fee on every payout. Payouts by crypto (up to $1,000 a request) or Rise.	None from FXIFY: payouts are paid through Rise, which may charge a withdrawal fee of its own.	None from Tradeify; third-party providers or blockchain networks may charge.
Evaluation route	2 Step Standard $100,000, Blue Guardian: two evaluation phases, then the funded account. The accounts are simulated. Read for MT5 without add-ons; MetaTrader 5, Match-Trader or TradeLocker is chosen at checkout, with any add-ons (90% Profit Split, Get paid every week, Both).	One Phase $100,000, FXIFY: one evaluation phase, then the funded account. Read for MT5 with Raw spreads and no add-ons; the platform, the price feed (Raw spreads or All-In) and any add-ons are chosen at checkout.	Daily $100,000, Tradeify FX (CFDs on MT5): one evaluation phase, then a simulated funded account; no add-ons (80% reward share).
Profit targets	8% then 4%	10%	10%
Total and daily loss	Daily loss: $4,000 (4% of the starting balance), set each day at 5 PM EST below the higher of the balance and the equity. Maximum loss: $8,000 (8%), static: equity, open trades included, may not fall below $92,000. Breaching either fails the account. Once funded, the Guardian Shield closes all open trades when they reach a 2% floating loss: the first time the profit split drops to 50% for good, the second time the account is breached.	A 3% daily loss limit ($3,000 on the starting balance) from the previous day's closing balance (5 PM EST), and a 6% trailing max drawdown ($6,000) on the closed balance: it starts at $94,000, follows the highest closed balance and stops at $100,000 once the account is 6% up or when a payout is processed. Breach levels use real-time equity, and a breach of either ends the account. Phase 1 and the funded account.	No daily loss limit. A 4% static max loss ($4,000): the floor is fixed at $96,000 and does not move with profits, losses or payouts. The breach check runs against live equity, so an open losing trade can breach it. Both stages; a breach closes the account. Daily accounts bought before 10 November 2026 keep the 5% trailing max loss.
Minimum days and time limits	At least 3 trading days with 0.5% profit or more, with no time limit; the pages do not say whether the 3 days are per phase. At least one trade every 30 days keeps an account active.	At least 5 trading days, not necessarily in a row; no maximum. A trade at least once every 60 days, or the account is breached.	No time limit and no minimum of days. At least one trade must be placed every 30 days; 30 consecutive days without one breaches the account (a warning email is sent at 28 days).
Funded consistency rules	No consistency rule is stated. The payout conditions ask for the minimum trading days requirement, which the pages give only for passing the evaluation (3 days with 0.5% profit or more).	No consistency rule is shown for One Phase. At least 5 trading days before the first payout.	No consistency rule on the funded account (the consistency rule is for the evaluation only). From the second payout cycle, at least 1% of the account size ($1,000) in new profit is needed before the next payout; profit left above the buffer does not count toward it.
Published processing time	Eligible payouts are processed within 24 business hours; if one takes longer, the trader gets an extra 10% profit share on it. Weekends, bank holidays, compliance and risk reviews and Rise delays do not count.	Withdrawals are reviewed Monday to Friday, 9 AM to 9 PM GMT (a weekend request on the Monday), and are typically processed within 3 business days once the FXIFY and Rise verifications are done and the Rise account uses the same email as the FXIFY account.	Within 24 hours of an eligible request (approved and sent to the payout provider), not counting 22:00 UTC Friday to 22:00 UTC Sunday; Tradeify adds $1,000 to a payout it processes late through its own delay. The provider then typically takes 1 to 2 business days.
Fee refund with a reward	The evaluation fee is refunded in full after the fourth payout, for accounts bought from 21 January 2026; not if the account is hard-breached before then.	The fee, add-ons included, is refunded in full with the first withdrawal; if the account breaches without profit there is no refund, unless Performance Protect was bought.	None stated: no page offers the fee back with a payout, and the terms of use make all purchases final and non-refundable.
Cancellation refund	None: once the evaluation credentials have been emailed, no refund is given; all sales are final.	No refund once the first trade is placed. Misrepresenting the country you are based in risks losing a live account and the refund.	None: all purchases are final and non-refundable once access is granted, unless a separate signed agreement or the law applicable to you provides otherwise; add-ons are non-refundable too.
News trading	None in the evaluation. Once funded, no trade may be opened or closed from 5 minutes before to 5 minutes after high-impact (red folder) news or FOMC events; profit from such trades is removed, without a breach.	Allowed in both stages, with no news window; FXIFY may ban traders taking significant risks on news trades, and high-leverage news trading must show proper risk management.	Evaluation: not restricted. Funded account: no opening, closing or changing positions or orders from 5 minutes before to 5 minutes after high-impact (red-folder) news, on instruments tied to the event's currency or country; profit made in the window is deducted.
Overnight and weekend holding	Allowed in every stage.	Allowed in both stages: positions may be held overnight and over the weekend.	Allowed in both stages, within the account's risk limits.
Expert advisors and copying	Expert advisors are allowed. Copy trading is allowed only between accounts the trader legally owns (Blue Guardian or external); copying another trader or letting a third party trade is not. Trades must be held at least 2 minutes.	EAs are allowed in both stages once FXIFY support has reviewed and pre-approved them; using one without approval can lead to suspension without profits. Copying is allowed between your own FXIFY accounts and from them to other accounts; copying into FXIFY from another account needs approval, with a trading statement of at least 30 days, and copying a third party is a violation.	Trade manager EAs are allowed, including bought ones; automated (algo) EAs only if you created them yourself, and Tradeify FX may ask for the source file and an explanation of the strategy. Off-the-shelf algo EAs, shared bots and signal services are not permitted. Trade copiers between your own Tradeify FX accounts are allowed; copying between unrelated users is prohibited.
Contractual penalties	Breaching the daily loss limit or the maximum loss fails the account. Gambling-style trading, hedging between accounts and using a VPN or VPS to get round the copy-trading rules are prohibited and can lead to the account failing.	Breaking a rule (the daily loss limit, the max drawdown, 60 days without a trade) ends the account: no further trading, the fee is forfeited, and profit in a breached funded account is lost unless Performance Protect was bought. Prohibited strategies (high-frequency trading, reverse and group hedging, latency arbitrage, statistical arbitrage across accounts and others) lead to termination and void profits.	A breach (daily loss limit where the plan has one, max loss, or 30 days without a trade) closes the account for good and forfeits any profit left in it. Prohibited conduct (high-frequency trading, ultra-short-term scalping, latency arbitrage, hedging across accounts, copying between users, account sharing) may lead to payout denial, restriction, termination or a permanent ban, and news-window profit is deducted.
Platforms	MetaTrader 5, Match-Trader or TradeLocker, chosen at checkout; existing and prospective US clients may use Match-Trader and TradeLocker only.	Chosen at checkout: MT5, DXTrade or TradingView on One Phase, Two Phase, Three Phase and Instant Funding; MT5 only on Lightning; DXTrade only on the crypto plans, with TradingView announced as coming soon. MetaTrader is not offered to clients based in the United States, who get DXTrade and TradingView. The platform or the price feed can be changed on request only while no trade has been placed (Instant Funding: between MT5 and DXTrade only; Lightning: no change).	MetaTrader 5 only (desktop, web terminal and mobile app); MT4 and TradingView are not supported. Tradeify FX, and its MT5, is not available to US residents.
Platform access and eligibility	MetaTrader 5, Match-Trader or TradeLocker, chosen at checkout; US clients may use Match-Trader and TradeLocker only. Leverage up to 1:50. The accounts are simulated; traders must be 18 or over.	MT5 (read here), DXTrade or TradingView, chosen at checkout; MetaTrader is not offered to clients based in the United States. 18 or over; not available to residents of the countries FXIFY lists (see Who can trade); KYC with FXIFY and with Rise before any payout. One active account of each size, in the challenge and the funded stage.	MetaTrader 5 only. Not available to residents of the United States or of the other restricted countries (see Who can trade). Sources differ on travel: the help centre goes by residence only, while the terms of use also exclude anyone located in a restricted jurisdiction.

Futures · Overview · 7 criteria · three accounts compared

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Futures accounts compared by criterion.
Criterion	FTMO · Pro · $50,000	Take Profit Trader · Test · $50,000	The5ers · Day Trade · $50,000
List price	$139 per month	$170 per month	$100 one-time
Opening loss allowance	$3,000	$2,000	$2,000
Difficulty ratio	1.00	1.50	1.50
Fee per $1,000 of opening risk	$46.33 to $92.67 1 or 2 charges in 30 days	$150.00 to $235.00 1 or 2 charges in 30 days	$50.00
Initial profit share	90%	80%	80%
First and later payouts	A payout can be requested once 5 trading days in the payout cycle have each ended with at least $200 of closed profit. A day below $200 does not count; trading continues until 5 days qualify. The same applies to every payout cycle.	From day one in the PRO account and daily after that, once the balance is above the buffer ($52,000): no minimum days, no profitable days and no payout window.	14 days from activation, then 14-day intervals; scaling resets clock.
Payout minimums and caps	Gross request ≥$20; up to 100% of profit, payout cap $5,000. ≥50% must be new profit. Then 90% share.	No withdrawal restrictions on profit above the buffer and no maximum amount, at 80%. The buffer equals the drawdown, so the balance must first reach $52,000 ($50,000 plus $2,000). After the PRO account is closed, 50% of the buffer zone can be withdrawn.	A payout needs at least 4% profit on the initial balance ($2,000). Each payout is capped at 3% of the initial balance ($1,500).
Activation fee	None	$130	None
Platform and data fees	None	None	None
Payout processing fees	Fees for the payout methods are not established. We do not assume there are none. Partly unknown	$50 for a withdrawal of $250 or less from the wallet, and no Take Profit Trader fee above $250; PayPal may deduct its own fees.	Cash payout methods carry a 3.5% fee. Hub credit has no fee but cannot be cashed out.
Evaluation route	The Pro plan (not Growth), without a reset (FTMO sells one for $129). One evaluation, then the simulated funded account, with level 1 market data.	Test $50,000, Take Profit Trader: the Test (the evaluation), then a simulated PRO account; Take Profit Trader may later invite a PRO trader to a live PRO+ account. Read on the size card, for the Tradovate platform on the CQG data feed.	The Day Trade plan (not Swing). One evaluation, then the funded stage. No reset.
Profit targets	6%	6%	6%
Loss mechanics	$3,000 EOD trailing; Maximum Drawdown Limit starts at $47,000 and never falls. Touching floor breaches.	A $2,000 trailing drawdown. In the Test it trails the end-of-day balance: the minimum balance starts at $48,000, follows the highest end-of-day balance and stops at $50,000. In the PRO account it trails intraday, on the peak balance with unrealized gains, from $48,000 until it reaches $50,000. Falling to the minimum balance at any time, open losses included, liquidates the account.	4% below applicable high-water balance/equity. Opening floor $48,000.
Minimum days and time limits	No minimum number of trading days outside the Consistency Rule, under which the Evaluation takes at least 2 trading days. No maximum time limit: the Evaluation continues while the monthly subscription is active.	At least 3 trading days, each with at least one trade, and no time limit.	No time limit, and the evaluation can be passed in one trading day, subject to the 40% consistency rule. An evaluation account with no trade for 14 calendar days is terminated.
Daily loss and contract limits	A hard $1,000 daily loss limit: a breach fails the evaluation or ends the funded account. Up to 5 minis (or 50 micros) in the evaluation; the funded account starts at 2 minis and scales to 5.	No daily loss limit in the Test or the PRO account (the size card strikes out the $1,100 limit as removed). Up to 6 contracts or 60 micros at a time in the Test; Take Profit Trader's comparison table says contract limits do not change from the Test to the PRO account, and no scaling plan applies.	No daily loss limit: only the 4% maximum loss applies. It is measured from the highest midnight balance or equity, so it moves up at the end of a day and never down. Up to 4 minis or 40 micros, the same in the evaluation and the funded stage.
Funded consistency rules	None on the funded account. The evaluation has its own consistency rule.	None in the PRO account or a PRO+ account.	The best trade's share of total profit is limited to 40%; above it, keep trading until the share comes down.
After a payout	The request is deducted from the balance when submitted. Profit you do not withdraw stays available for later payouts, and the loss floor does not move down; withdrawing all profit leaves the balance close to that floor.	Only profit above the buffer can be withdrawn, so the balance stays at or above $52,000 after a withdrawal; the pages read do not say whether a withdrawal moves the minimum balance, which stops trailing at $50,000. A withdrawal needs no open positions or working orders when it is requested.	After a payout the loss floor resets to 96% of the new balance: for example, a $53,500 balance gives a $51,360 floor.
Published processing time	FTMO does not publish a maximum time for approval. The invoice follows approval, and the time for payment to arrive is separate. Partly unknown	From a Tradovate PRO account to the wallet in 5 to 10 seconds (Rithmic PRO and PRO+ withdrawals are still handled by hand); the dashboard balance updates once a day, at about 8 to 9 PM Eastern. A payout from the wallet is reviewed within 12 business hours; Plaid then pays US banks, usually in real time or within 1 to 2 business days, and Wise or PayPal payouts are processed within 12 business hours.	No futures-specific processing time is published. The CFD estimates are not assumed to apply. Partly unknown
Fee refund with a reward	The Pro plan does not offer a fee reimbursement. Interpretation	None stated: no page read offers the Test's fees back once the PRO account is reached, and the terms refund only an account that has not been used or traded, within 72 hours of purchase.	The fee is refunded with the third payout, separately from profit earned.
Cancellation refund	Consumers can cancel within 14 days if they have not traded. Otherwise the subscription ends at the end of the billing period.	The subscription can be cancelled from the dashboard and stays active to the end of the billing period. An account that has not been used or traded can be refunded within 72 hours of purchase, less a $75 fee.	The5ers' refund policy for its evaluation programs, published for futures too: within 5 days of purchase and before any trade, the fee can be refunded; after 5 days, only as Hub credit.
News and overnight holding	News trading is allowed. Positions must be closed by 4:10 pm ET, or earlier on shortened sessions, and cannot be held over the weekend.	The Test has no news rule. In the PRO account, positions and orders must be closed from one minute before to one minute after prohibited news: FOMC statements, Non-Farm Payroll and CPI. In every account, positions cannot be held from one trading day into the next: Take Profit Trader closes open positions at 4:55 PM Eastern, so nothing is held overnight or over the weekend.	News trading is allowed. Positions must be closed 10 minutes before the market close and cannot be held over the weekend.
Expert advisors and copying	Expert advisors and other automated trading are allowed, but not high-frequency or latency-arbitrage strategies, and a third-party EA others use can cost you the Sim-Funded Account. Copying trades between your own accounts is allowed if each account follows its own rules; copying another trader and offsetting risk across accounts are not.	No bots or algorithms in any account: every trade must be placed by hand. Approved trade copiers (Tradesyncer, TradeCopia, Affordable Indicators, the Replikanto compliance edition and the platforms' own copiers) may copy trades between accounts you own and control; copying between traders, opposite positions across your accounts and coordinated trading are prohibited.	Algorithmic trading, high-frequency trading and hedging are not allowed. Copying your own trades between accounts is allowed for 25K and 50K accounts, up to $75,000 in total.
Platforms	NinjaTrader, Tradovate and TradingView, all with the same login.	Chosen with the data feed when buying. On CQG: TradingView, NinjaTrader and Tradovate. On Rithmic: R\|Trader, Quantower, Bookmap, MultiCharts, MotiveWave, Trade Navigator, VolFix, ATAS, Investor R/T, Finamark and Jigsaw Trader. TradingView (on its free Basic plan), NinjaTrader, Tradovate, R\|Trader and Quantower are free during the Test; most others need a license key.	BlackArrow only.
Platform access and eligibility	Tradovate, NinjaTrader and TradingView. All stages are simulated. Open to traders aged 18 or over, with country and US state conditions.	The data feed is chosen when buying: CQG (TradingView, NinjaTrader and Tradovate) or Rithmic (R\|Trader, Quantower and nine other platforms). The Test and the PRO account are simulated; PRO+ is a live account. Identity verification (KYC) comes before the first purchase, and using an account from any of 119 listed countries is prohibited.	BlackArrow. The evaluation is simulated; whether the funded stage is simulated or live is at the company's discretion.

Crypto/Perps · Overview · 8 criteria · three accounts compared

Compare up to three accounts. Choose a firm, a program and a size for each, in any order.

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Crypto/Perps accounts compared by criterion.
Criterion	E8 Markets · E8 Pro · $50,000	My Funded Perps · Select · $50,000	Propr · Pro 1-Step · 50,000 USDC
List price	$228 one-time	$190 one-time	$355 one-time
Opening loss allowance	$4,000	$1,500	2,500 USDC
Difficulty ratio	1.00	3.00	2.40
Fee per $1,000 of opening risk	$57.00	$126.67	$142.00 USDC counted at $1
Initial profit share	80%	80%	80%
First and later payouts	Daily: a payout can be requested every day, the first one from the start of the Performance stage, as long as profit since the last payout is at least 1% of the initial balance.	Once funded, one payout request per New York calendar day: the allowance resets at midnight New York time, not 24 hours after the last request. The account must be flat, with no resting orders and no pending request; no minimum trading days or qualifying days.	On demand at any time, with no minimum waiting period and no limit on the number of requests, once KYC is complete.
Payout minimums and caps	Profit since the last payout must be at least 1% of the initial balance. Only 50% of total profit can be requested, and your share is paid from that; the rest stays in the account as a buffer. The smallest payout is $100 of your share ($125 requested at 80%). No payout caps.	Minimum $100 of gross profit before the split ($80 to the trader at 80/20, $90 at 90/10). Once a trader's payouts across all accounts reach $100,000, counted after the split, they can buy no new accounts; funded accounts keep paying out.	Minimum 20 USDC. Each payout is 80% of the balance above the starting balance, all of it at once: no partial withdrawals. No profit cap.
Trading environment	Simulated in both stages: the Challenge and the Performance account trade simulated capital on E8 Terminal, with prices, spreads and funding from the Hyperliquid data feed in real time. No real funds are deployed on your behalf at any point, and no actual trades are executed.	Simulated at both stages: all evaluation and funded trading is simulated, on real market prices and order books, and no order is sent to an exchange. My Funded Perps offers no live or real-capital account.	Simulated in both stages: every trade runs on a simulated account and is submitted as a signal. Propr decides, trade by trade, whether to copy it to Hyperliquid at its own risk (labelled A-book, on-chain) or record it internally (B-book), with the same result for you; a copied position belongs to Propr.
Activation fee	None	None	None
Platform and data fees	None	None	None
Trading fees	A percentage of each position's notional value: on crypto perpetuals 0.045% for taker (market) orders and 0.015% for maker (limit) orders, which E8 says are exactly Hyperliquid's fees; on stocks, indices, gold, oil and other traditional instruments 0.009% taker and 0.003% maker.	A commission on each fill, on the filled notional, the same for maker and taker: crypto 0.03%, forex 0.0025%, stocks, commodities and indices 0.005%; half with the Reduced Fees add-on. A liquidated position also pays a 0.1% penalty on top of the taker fee, which Reduced Fees does not halve. Commissions reduce the account's balance.	Hyperliquid's maker and taker fees, passed through at cost without markup; the asset list gives them per asset, such as 0.015% maker and 0.045% taker on BTC and ETH, and 0.003% maker and 0.009% taker on equities, indices and gold. They are deducted from the balance and count toward profit and loss, and so toward the equity limits.
Funding and financing	Funding rates apply on all Hyperliquid assets, like swap fees, and behave as they would in a live environment. E8 Terminal shows each instrument's funding rate with a countdown, and a funding history for the account.	No funding payments: a venue's funding rate does not change the balance. Instead every open position, long or short, pays a fixed swap fee each hour, at a daily 0.03% on crypto, 0.005% on forex and 0.015% on stocks, commodities and indices; half with the Reduced Fees add-on.	Hyperliquid's periodic funding rates are deducted or credited to the account automatically, and their effect is included in equity.
Payout processing fees	None from E8; the payout processor (WorkMarket, Rise or Aeropay) may charge, depending on the option used.	Not stated: no payout fee is named. Cash goes through Rise; a payout taken as store credit gets a 5% boost, but store credit cannot be withdrawn as cash.	None: no withdrawal fees; payouts are in USDC on-chain.
Evaluation route	E8 Pro $50,000, Perpetual market, at the checkout's standard settings (8% static drawdown, 80% payout): one SimFi Challenge phase, then a simulated SimFi Performance account. Traded on E8 Terminal only.	Select $50,000, My Funded Perps (crypto and other markets, simulated): the homepage's Select card, with an 80/20 profit split, a 9% profit target, a 3% static maximum drawdown and a 3% daily loss limit, in one evaluation phase, then a funded account.	Pro 1-Step 50,000 USDC (the Silver size): one evaluation, then a simulated funded account with the same starting balance. Traded on Propr's terminal or through its API.
Profit targets	8%	9%	12%
Total and daily loss	A static drawdown of $4,000 below the initial balance: the loss level never moves, except that the first payout moves it up to the initial balance for good. A daily drawdown of $1,250: each day at 00:00 server time (UTC+3, UTC+2 from early November) the loss level is the day's starting balance less $1,250. Both stages. Equity or balance reaching or falling below either level permanently closes the account.	Maximum drawdown $1,500, 3% of the starting balance, static: the floor ($48,500) does not follow profits. Daily loss limit $1,500, 3% of the starting balance, measured from each day's opening equity and reset at midnight New York time. Equity, including open profit or loss, is checked at every move of the valuation price (on Binance, Bybit and Hyperliquid markets, the order book midpoint), and reaching either floor for an instant fails the account. The same limits apply once funded; the first withdrawal locks the drawdown floor permanently at the starting balance, and equity exactly at it is then allowed.	Maximum drawdown 5% static: the equity limit is 47,500 USDC, set at the start and never moving. Pro 1-Step's own section gives this limit, and we apply it to the funded account too; the rulebook's funded-account section says "6% static for 1-Step". Maximum daily loss 3% of the start-of-day balance, reset at 00:00 UTC: the day's equity floor is that balance less 3%. Both limits are on equity, including floating profit and loss, in both stages; touching either breaches the account for good and closes its positions.
Minimum days and time limits	No time limit. At least one trade must be opened and closed every 60 days; after 60 days without, the account is disabled.	None: no minimum trading days and no time limit. An evaluation with no executed trade for 30 consecutive calendar days fails.	No time limit and no minimum trading days: the evaluation can be passed in a single trade.
Leverage and position limits	Leverage: Bitcoin and Ethereum 1:15, other crypto 1:2, stocks 1:5, indices, metals and energy 1:15, forex 1:25. Netting only: an opposite position of the same size closes the first. Position limits for Hyperliquid instruments on E8 Terminal differ from E8's other platforms. When the account breaches a loss level, the system closes its positions automatically.	Every market has a maximum leverage and an exposure cap, on the Market Exposure Caps page (for example BTC 10x and $1,000,000, ETH 8x and $1,000,000, EUR 50x and $1,000,000, AAPL 5x and $500,000); caps can differ by market, product and size. A cap counts open notional, long plus short, across your own accounts of the same product and size. One net position per market (no hedge mode), on isolated or cross margin; up to 15 open positions and 20 resting orders, each order at least $10. A liquidated position pays a 0.1% penalty; reaching a loss floor fails the account.	Leverage, applied automatically: BTC, ETH and SOL 10x, other crypto 2x, equities 4x, the SP500 and XYZ100 indices 10x, other indices 5x, gold, silver, CL and Brent 8x, other commodities 5x, FX 25x. The rulebook's summary box and the homepage give 5x for BTC and ETH (major crypto). Each asset has a maximum notional on the asset list (BTC $1,000,000), and Propr may ask you to reduce a position far above its open-interest threshold. A breach closes all open positions.
Funded consistency rules	No consistency rule. A daily profit cap in both stages: profit above 2% of the initial balance in a day is removed from the balance at the next rollover (00:00-01:00 server time) and does not count.	None: no consistency rule and no minimum trading days or qualifying days before a payout. A funded account with no executed trade for 7 consecutive calendar days is closed.	None: no consistency rule and no minimum trading days.
After a payout	At the first payout the static drawdown's loss level moves up to the initial balance and stays there. Of the profit requested, 50% is paid out at your share and 50% stays in the account as a drawdown buffer; the daily drawdown is then calculated from the new balance.	The full gross amount is deducted and a new payout cycle starts; profit left below the new cycle's baseline becomes a buffer that cannot be withdrawn later. The first withdrawal locks the drawdown floor permanently at the starting balance. A withdrawal never counts as a daily loss.	Each payout sweeps all profit above the starting balance: the balance resets to the starting balance, and the drawdown limits reset with it. All positions must be closed first.
Published processing time	No deadline is promised. E8 gives medians for 1 January to 1 May 2026: 11 hours from request to approval, and 24 hours to the funds arriving in the Rise or WorkMarket account. The process can take up to 5 business days, and payouts are not processed at weekends. The terms of service say payments are processed within 7 days.	No time is given. Every request is reviewed, and trading on the account is locked while it is pending; review and delivery can take longer than the daily request window. Requests may be reviewed automatically or by staff. Cash goes to the trader's Rise account.	Processed within 24 hours, says the rulebook; the homepage says payouts settle on-chain in USDC within minutes.
Fee refund with a reward	None: E8 does not refund the fee with the first payout at present.	None stated: no page offers the challenge price back with a payout, and the payout calculator's fee-refund option "does not promise a refund".	None: the evaluation fee is a one-time, non-refundable fee.
Cancellation refund	Sources differ. E8's refund policy: the fee can be refunded, to the original payment method, for an account still in phase 1 with no trading activity and no more than 30 days old, though not when paid in cryptocurrency. Its terms of service: all fees are non-refundable under any circumstance.	Within 48 hours of purchase, only if the challenge has had no trading activity (no trades, positions or market-data access), less a non-refundable $25 fee, to the original payment method.	None: evaluation fees are non-refundable once the account is activated, and cancelling the account gives no refund.
News trading	News can be traded without restrictions in both stages; E8 recommends avoiding high-impact releases because of slippage. E8 Pro's article says this of "E8 pro Forex" and that its trading rules are the same in both markets.	Evaluation: no restrictions. Funded: around every high-impact (red-folder) release, no new exposure in the affected market from 10 to 2 minutes before, and no manual trades from 2 minutes before to 2 minutes after; a position opened earlier may be held through it.	None: news can be traded in both stages.
Overnight and weekend holding	Allowed in both stages: positions can be held overnight and over the weekend. Gaps, slippage or widened spreads that cause a violation are the trader's responsibility.	Allowed on markets that trade 24/7, such as crypto. On markets with weekday sessions (23/5), positions cannot be held over the weekend: they close automatically 15 minutes before the Friday close. Open positions pay an hourly swap fee.	Allowed: no overnight or weekend holding restriction; crypto markets trade 24/7.
Expert advisors and copying	Sources differ on automated trading. E8's help centre allows any expert advisor as long as multiple users do not run the same trades or strategy (one strategy per user); its terms of service invalidate data generated through automation and forbid bots and automation software on the platform. Copying trades between your own accounts is allowed in both stages, as long as every account belongs to you alone; hedging across accounts is prohibited.	Bots and other automated trading only through My Funded Perps' documented API, and never for prohibited strategies such as HFT, latency arbitrage or quote stuffing. Copying between your own accounts with the built-in Copy Trading, where a funded account cannot follow an evaluation account; account sharing and hedging across accounts are prohibited.	Automated trading and bots are allowed; the terms say a bot strategy identical to other users' or an off-the-shelf bot without individual customisation may be flagged as coordinated trading, while the FAQ says off-the-shelf systems are permitted. Copying between your own Propr accounts: sources differ for the evaluation (the rulebook permits it, the evaluation terms forbid mirror trades across your own accounts); the funded terms do not forbid it. Hedging across accounts is prohibited.
Contractual penalties	Prohibited practices (risking the whole daily drawdown on one trade, hedging across accounts, one expert advisor strategy shared by several users, large-volume trading without a coherent strategy, holding more than 50% of trades for under one minute) lead to termination with a refund of that account's fee, may cost the Performance account or its accrued profits, and E8 may limit risk to 1% per trade idea. Its terms of service say no fee is refundable under any circumstance.	A rule breach fails the account, closes its positions and cancels its orders; prohibited activity can lead to removed trades, adjusted profits, denied payouts, terminated accounts and, in serious or repeated cases, a permanent restriction.	Prohibited conduct (exploiting bugs or latency, sharing accounts or trading several accounts from the same household, device or IP address, identity fraud, hedging across accounts, correlated assets included, or against external exchanges, coordinating with other traders, cycling evaluations, gaming payouts and drawdowns, wash trading, switching approach after passing, and strategies that are difficult to replicate in live markets or carry outsized risk when replicated) can lead to suspension, termination with no payout and a ban. Propr may also cancel or reclassify trades, cut leverage, cap volumes or impose consistency measures. Using a restricted jurisdiction ends the account with no refund or payout.
Platforms	E8 Terminal, E8's own platform, is the only platform for perpetuals: they are not available on MT5, cTrader, TradeLocker or Match Trader. E8's platform article says US clients can use only TradeLocker and Match Trader.	My Funded Perps' own simulated trading platform, in a web browser; automated trading only through its documented API.	Propr's own paper-trading terminal at app.propr.xyz, and its REST API with Python and JavaScript SDKs for automated trading.
Platform access and eligibility	E8 Terminal only. Not available with an identity document from a restricted country (see Who can trade). E8's platform article says US clients can use only TradeLocker and Match Trader.	My Funded Perps' own simulated platform, in a web browser. Not for anyone living in, located in or accessing it from Afghanistan, Belarus, Cambodia, the Central African Republic, Cuba, the Democratic Republic of the Congo, Guinea, Haiti, Iran, Iraq, Kenya, Libya, Mali, Myanmar, North Korea, Pakistan, the Philippines, Puerto Rico, the Republic of the Congo, Russia, Somalia, South Sudan, Sudan, Syria, Taiwan, Ukraine, Uzbekistan, Venezuela, Vietnam, the U.S. Virgin Islands or Yemen; new registrations from Morocco are closed. 18 or older. Identity verification (Sumsub) and the customer agreement before the funded account.	Propr's terminal or its API. Not available to people from or located in the restricted jurisdictions (see Who can trade); KYC is needed before the funded account. Up to 300,000 USDC of funded accounts and 200,000 USDC of evaluation accounts per trader.

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