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Selected programs, exact terms

12 firms and 307 selected configurations. Each column is one exact account: program, variant and size. CFD/FX and futures are compared separately.

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Sources checked 19 September – 24 October 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-10-24-pilot-2, approved 24 October 2026. Each source shows the date it was last checked.

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

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CFD / FX accounts compared by criterion.
Criterion	Alpha Capital Group · Alpha Pro 10% · $100,000	E8 Markets · E8 Pro · $100,000	Tradeify · Classic · $100,000
List price	$447 one-time	$488 one-time	$749 one-time
Opening loss allowance	$10,000	$8,000	$10,000
Difficulty ratio	1.50	1.00	1.50
Fee per $1,000 of opening risk	$44.70	$61.00	$74.90
Initial profit share	80%	80%	80%
First and later payouts	No fixed wait: on the On-Demand schedule a payout can be requested whenever the Best Day Rule and the minimum profit are met. All trades must be closed when requesting, and the account stays locked while the payout is processed.	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.	Biweekly: every 14 days, counted from your first trade on the funded account.
Payout minimums and caps	A request needs gross profits of at least 2% of the account ($2,000); no maximum is stated.	Profit since the last payout must be at least 1% of the initial balance ($1,000). 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.	$100 minimum and no maximum. 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	No Alpha fee is stated for payouts; an exchange-rate fee set by the payment provider applies when performance fees are received in a domestic currency.	None from E8; the payout processor (WorkMarket, Rise or Aeropay) may charge, depending on the option used.	None from Tradeify; third-party providers or blockchain networks may charge.
Evaluation route	Alpha Pro 10% on MT5 with Standard spreads (no commission), the On-Demand payout schedule, the standard 80% split and no add-ons: two evaluation phases, then a Qualified Analyst account. Raw spreads, EA use, the Bi-Weekly payout schedule, the 90% Profit Split add-on and Swap Free are options at checkout.	E8 Pro $100,000, Classic Markets, at the checkout's standard settings (8% static drawdown, 80% payout): one SimFi Challenge phase, then a simulated SimFi Performance account.	Classic $100,000, Tradeify FX (CFDs on MT5): two evaluation phases, then a simulated funded account; no add-ons (80% reward share).
Profit targets	10% then 5%	8%	5% then 10%
Total and daily loss	10% static maximum drawdown ($10,000): the account fails if balance or equity falls below $90,000, however much the balance grows. 5% balance-based daily loss: equity may not fall more than 5% of the day's starting balance ($5,000 at a $100,000 balance), the day starting at 00:00 broker time. Breaching either closes the account.	A static drawdown of $8,000 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 $2,500: each day at 00:00 server time (UTC+3, UTC+2 from early November) the loss level is the day's starting balance less $2,500. Both stages. Equity or balance reaching or falling below either level permanently closes the account.	A 3% daily loss limit ($3,000) from the daily snapshot at 22:00 UTC, and a 10% static max loss ($10,000) from the starting balance, which never moves, not even at a payout. Breach checks use live equity, so an open losing trade can breach the account. Both phases and the funded account.
Minimum days and time limits	At least 3 trading days in each phase; the evaluation has no time limit.	No time limit. At least one trade must be opened and closed every 60 days; after 60 days without, the account is disabled.	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	Best Day Rule: no single trading day may contribute more than 40% of the total profits. A partial withdrawal resets the consistency score to 0; once a new trade is placed, a new payout and consistency window starts.	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.	No consistency rule, and no minimum of trading days or profitable days before the first payout.
Published processing time	Payout requests are processed and paid within 2 business days, or up to 14 business days when the account needs additional verification.	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.	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	None: Alpha's evaluation plans are non-refundable, including after the evaluation is completed. Separately, a discretionary bonus of 0.25% of the initial account size ($250) is applied on the fourth performance-fee request.	None: E8 does not refund the fee with the first payout at present.	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	The return policy (dated 21 December 2021) says all sales are final and no refund will be issued. The terms give consumers 14 days from opening the Alpha account to cancel under the Consumer Contracts Regulations 2013, a right they waive when they place their first virtual trade.	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.	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	Unrestricted in the evaluation. On the Qualified Analyst account, no trade may be opened or closed on the targeted instruments from 5 minutes before to 5 minutes after listed high-impact news, through pending orders, stop losses and take profits too, and for speeches over their whole duration; positions opened more than 5 minutes before may be held. A stop or take profit filled in the window is a soft breach: those profits are not eligible for a performance fee.	News can be traded without restrictions in both stages; E8 recommends avoiding high-impact releases because of slippage.	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	Overnight holding is allowed (swaps apply). Weekend holding is allowed in both evaluation phases but not on the Qualified Analyst account, where it is a soft breach: the profits of those trades are removed and the account stays active if the balance stays above the maximum drawdown.	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 in both stages, within the account's risk limits.
Expert advisors and copying	EAs only on MT5 and only as risk-management and trade-assistance tools (lot size, stop loss and take profit, break-even): choose EA use at checkout and have each EA pre-approved by support; to use one on the Qualified Analyst account it must be enabled and used in the evaluation. Not on Swap Free accounts or in the Focused Trader Group; EAs that trade on their own are prohibited. Copying is allowed from your own external account as the master (with proof of ownership) or between your own Alpha accounts (master and slave account numbers given first), one master at a time and on MT5 only; copying other traders is prohibited.	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.	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 or maximum drawdown is a hard breach that closes the account. On the Qualified Analyst account (bought after 21 July 2026), an open loss on one asset reaching 2% ($2,000), with losing positions on that asset combined and a re-entry in the same direction within 10 minutes counted together, closes the account. The lot limit is 40 lots: a first violation makes the profit from the excess lots ineligible, a second forfeits the performance fee and deactivates the account. Under the 2-minute average trade duration rule a breach means restarting the evaluation from phase 1, or on the Qualified Analyst account losing all profits and a reset to the initial balance. Gambling-style trading leads to removed profits and possibly termination of the contract. Alpha can also move a Qualified Analyst account into its Focused Trader Group, with lower leverage and lot limits, a 1% risk limit per position and no EAs.	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 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, cTrader, DX Trade and TradeLocker. US residents can use DX Trade and TradeLocker, and cTrader only if they are already cTrader customers; MT5 accounts must not be used while in the US. EAs run only on MT5, and copy trading is not possible on cTrader, DX Trade or TradeLocker.	MT5, cTrader, TradeLocker and Match Trader, depending on region and account type. Clients from the US cannot use or buy accounts on MT5 or cTrader and can use only TradeLocker and Match Trader. cTrader costs $10 more when the account costs less than $100. Classic Markets accounts use a hedging system; E8 Terminal is for perpetual futures only.	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	MT5, one of four platforms (also cTrader, DX Trade and TradeLocker); 18 or over; nationals and residents of 22 listed countries and the sanctioned areas of Ukraine are not accepted; US residents can use DX Trade and TradeLocker (cTrader only as existing customers), and buying on MT5 requires declaring that you are not a US resident or citizen; identity verification (KYC) before the Qualified Analyst account.	On E8's Classic Markets platforms (MT5, cTrader, TradeLocker or Match Trader, depending on region and account type); clients from the US can use only TradeLocker and Match Trader. Not available with an identity document from a restricted country (see Who can trade).	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	My Funded Futures · Rapid · $50,000	The5ers · Swing · $50,000	Tradeify · Select · $50,000
List price	$209 one-time	$120 one-time	$165 one-time
Opening loss allowance	$2,000	$2,000	$2,000
Difficulty ratio	1.50	1.50	1.50
Fee per $1,000 of opening risk	$104.50	$60.00	$82.50
Initial profit share	90%	80%	90%
First and later payouts	The first request can be made 24 hours after the first trade on the Sim Funded account, once the buffer is cleared, and then daily.	A payout once the funded account is at least 14 days old, then every 14 days; scaling restarts the cycle.	Depends on the policy chosen on passing. Select Flex: every 5 winning days of at least $150. Select Daily: daily, once the balance is above the $2,100 buffer. After the first payout, both need positive net profit in the payout cycle.
Payout minimums and caps	Minimum request $500, of which the trader keeps 90%, after clearing the $2,100 buffer. No maximum per request is stated.	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).	Minimum payout $250. Select Flex: up to 50% of total profit (balance less starting balance), capped at $2,500 per payout. Select Daily: up to twice the profit made since the last payout, capped at $1,250, and never into the $2,100 buffer. These caps are for accounts bought from 1 September 2026.
Activation fee	None	None	None
Platform and data fees	None	None	None
Payout processing fees	Not stated: no page read names a payout fee.	Cash payout methods carry a 3.5% fee. Hub credit has no fee but cannot be cashed out.	Not stated by Tradeify for futures: no page names a payout fee; Tradeify's Rise article says Rise's "Receive Payments" account is free.
Evaluation route	Rapid $50,000, My Funded Futures: one evaluation, then a simulated funded (Sim Funded) account. Read on the Tradovate platform at checkout.	The Swing plan (not Day Trade). One evaluation, then the funded stage.	Select $50,000, Tradeify futures: one evaluation; on passing, the trader chooses, for good, the Select Flex or Select Daily payout policy for the simulated funded account. Both are on file here; neither is the default.
Profit targets	6%	6%	6%
Loss mechanics	In the evaluation, an end-of-day trailing Max Loss Limit of $2,000: it starts at $48,000 and locks at $50,100, and open positions count. The Sim Funded account starts at $0 with an intraday trailing limit $2,000 below the equity high, unrealized profit included; it locks at $100. Sources differ on the lock: the size guide locks it when the limit reaches $100, the plan page's FAQ once the balance is $100 above the start after the first payout.	Maximum loss 4%, measured from the highest midnight balance or equity: the opening floor is $48,000.	An end-of-day trailing max drawdown of $2,000 in the evaluation, enforced in real time against net liquidation value; touching it fails the account. The funded account's drawdown depends on the payout policy: $2,000 on Select Flex, $2,000 on Select Daily. It locks at $50,100 once the end-of-day balance exceeds the drawdown by $100, or at the first payout request; it never locks on the evaluation.
Minimum days and time limits	A minimum of 2 trading days and no time limit. An account with no trade for 7 consecutive calendar days can be closed, Sim Funded accounts included.	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.	A minimum of 3 trading days because of the 40% consistency rule (2 with the 50% Consistency Add-on), and no time limit. At least one trade a week (Monday to Friday) is needed on each account, or it can be closed for inactivity after an email warning.
Daily loss and contract limits	No daily loss limit in either stage. Up to 5 minis or 50 micros in the evaluation and on the Sim Funded account.	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. Up to 1 mini or 10 micros may be held overnight. Both limits are the same in the evaluation and the funded stage.	No daily loss limit in the evaluation. Funded: none on Select Flex, $1,000 on Select Daily (a soft breach). Up to 4 minis / 40 micros in the evaluation; funded accounts start at 2 minis / 20 micros and scale to 4 minis / 40 micros with end-of-day equity.
Funded consistency rules	None on the Sim Funded account.	The best trade's share of total profit is limited to 40%; above it, keep trading until the share comes down.	No consistency rule on the funded account (the 40% rule is for the evaluation only). Select Flex counts winning days of at least $150. To request a payout, over 50% of trades must last longer than 10 seconds and over 50% of profit must come from trades held longer than 10 seconds; the funded trader agreement asks only that 50% or more of profit come from such trades, and says Help Center rules prevail on trading rules.
After a payout	Payouts can follow daily while the balance stays above the buffer. A $10,000 net profit in a single trading day moves the account to live automatically.	After each payout, the loss limit resets to 4% below the new balance.	The drawdown floor locks at $50,100 at the first payout request, if it has not already. Each payout starts a new cycle that has to be in net profit before the next request; Select Flex's 50% is counted on total profit, Select Daily's cap on the cycle's profit.
Published processing time	Most requests are approved instantly; one sent for manual review takes 6 to 12 business hours, the help centre says, while the Rapid plan pages allow up to 24 business hours. The money then goes to the trader's Riseworks account.	No futures-specific processing time is published. The CFD estimates are not assumed to apply. Partly unknown	Payment within 24 hours after an approved payout is withdrawn from the account, once Rise onboarding is complete; requests outside business hours (Monday to Friday, 8:00 AM to 5:00 PM ET) and on federal holidays may take up to 72 hours.
Fee refund with a reward	None stated: no page read offers the fee back with a payout.	The fee is refunded in full with the third payout, added to the account's equity.	None stated: no page offers the fee back with a payout, and all sales are final.
Cancellation refund	Sources differ. The cancellation policy, part of the terms, refunds a request made within 14 days if the account has not traded, opened positions or accessed market data, keeping a $75 fee. The help centre promises a full refund within 14 days when no trade has been placed and the account is active; breached accounts and crypto purchases are not refunded.	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.	None: all sales are final, including account purchases and resets, and the service is considered rendered once access is granted. A promo code that was not applied is corrected separately by support.
News and overnight holding	News: the evaluation may trade Tier 1 news; on the Sim Funded account, positions and orders must be flat from 2 minutes before to 2 minutes after a Tier 1 release (FOMC, employment report, CPI; EIA and agricultural reports for those traders). The news policy also asks every account to have no open positions or orders 2 minutes either side of any data release. Overnight: not allowed; positions still open at 4:10 PM ET are closed automatically on regular days, and on holiday hours an open position at the close breaches the account. Trading runs from 6:00 PM ET.	News trading is allowed. Up to 1 mini or 10 micros may be held overnight; larger positions must close 10 minutes before the market close, and nothing may be held over the weekend.	News: no restrictions in either stage. Overnight: not allowed. All positions must be closed by 4:45 PM ET (12:59 PM ET on holiday early closes); positions still open at the close are closed automatically, without failing the account. A position may be held across midnight within one session (6:00 PM to 4:45 PM ET), but never into the next session or over the weekend.
Expert advisors and copying	Automated strategies on your own settings are allowed if they do not exploit simulated fills; high-frequency trading is not. Copy trading is allowed across all account types (Tradesyncer, the Tradovate group copier), between your own accounts; copying other traders, sharing a device and hedging are prohibited.	Algorithmic trading, high-frequency trading and hedging are not allowed. You may copy your own trades between your own 25K and 50K accounts, up to $75,000 in total.	Bots and algorithms are allowed if you are their sole owner, use them only at Tradeify (not across firms) and they are not high-frequency; Tradeify may ask for a live video of you enabling the code. Group trading and copying only between accounts you own and manage; copying others, team trading and hedging, in one account or across accounts, are prohibited.
Platforms	One platform connection, chosen at checkout: Tradovate (with NinjaTrader and TradingView), Hyperprop or Quantower; Fintevo is coming soon. The help centre also lists Volumetrica, DeepChart/DeepDom and ATAS.	BlackArrow only.	One broker connection, chosen at checkout at the same price: Tradovate (with NinjaTrader and TradingView), Rithmic (with Tradesea, Quantower, Sierra Chart and R\|Trader) or WealthCharts. Level 1 CME data is included; on Tradovate the Non-Professional Data Agreement must be signed at first login, or a $300 a month professional data fee may apply. Level 2 and EUREX data are paid Tradovate add-ons.
Platform access and eligibility	Tradovate (with NinjaTrader and TradingView), Hyperprop or Quantower, chosen at checkout. Not available to traders from the restricted countries (see Who can trade); KYC is required, and buying or resetting from a restricted country is not allowed.	BlackArrow is the only platform. Open to anyone over 18, outside the countries The5ers lists.	Tradovate (with NinjaTrader and TradingView), Rithmic (with Tradesea, Quantower, Sierra Chart and R\|Trader) or WealthCharts, chosen at checkout at the same price. Not available to residents of the restricted countries (see Who can trade). Sources differ on travel: the help centre goes by residence, while the funded trader agreement excludes citizens and residents of, and people located in, those countries. Residents of ten countries must complete KYC before a funded account.

Perpetuals · Overview · 8 criteria · three accounts compared

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Criterion	E8 Markets · E8 One · $50,000	E8 Markets · E8 Pro · $50,000	Propr · Turbo 1-Step · 50,000 USDC
List price	$288 one-time	$228 one-time	$245 one-time
Opening loss allowance	$3,000	$4,000	1,500 USDC
Difficulty ratio	1.50	1.00	3.00
Fee per $1,000 of opening risk	$96.00	$57.00	$163.33 USDC counted at $1
Initial profit share	80%	80%	80%
First and later payouts	No fixed wait: payouts can be requested daily or at any time in the Performance stage once the 40% best day rule is met, which makes 3 days the earliest first payout. E8 says this is not a separate waiting rule.	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.	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	Net profit must be greater than 50% of the daily drawdown ($2,000 on this account). The smallest payout is $100 of your share ($125 requested at 80%). No payout cap.	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 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 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 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 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.	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 payments	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.	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.	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.	None from E8; the payout processor (WorkMarket, Rise or Aeropay) may charge, depending on the option used.	None: no withdrawal fees; payouts are in USDC on-chain.
Evaluation route	E8 One $50,000, Perpetual market, at the checkout's standard settings (6% dynamic drawdown, 80% payout): one SimFi Challenge phase, then a simulated SimFi Performance account. Traded on E8 Terminal only.	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.	Turbo 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	9%	8%	9%
Total and daily loss	A dynamic drawdown of $3,000 below the highest closed balance: the loss level rises only when a profit is closed, never with open profit, and locks for good at the initial balance once the closed profit reaches $3,000. A daily drawdown of $2,000: each day at 00:00 server time (UTC+3, UTC+2 from early November) the loss level is the day's starting balance less $2,000. Both stages. Equity or balance reaching or falling below either level permanently closes the account.	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 3% static: the equity limit is 48,500 USDC, set at the start and never moving. Turbo 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 and no minimum: the Challenge can be passed in as little as one day. At least one trade must be opened and closed every 60 days; after 60 days without, the account is disabled.	No time limit. At least one trade must be opened and closed every 60 days; after 60 days without, the account is disabled.	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.	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.	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	40% best day rule in the Performance stage: no single day's profit may exceed 40% of the total profit for the payout period. A larger day does not fail the account; trading continues until the total is large enough. The Challenge has no consistency rule.	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.
After a payout	The payout is deducted from the balance, but the dynamic drawdown's loss level does not reset, so a buffer has to be left to keep the account; the daily drawdown is then calculated from the new balance.	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.	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 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.	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: E8 does not refund the fee with the first payout at present.	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.	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.	None: evaluation fees are non-refundable once the account is activated, and cancelling the account gives no refund.
News trading	Challenge: news can be traded without restrictions. Performance account: no opening or closing of trades, and no stop loss, take profit or stop orders, from 5 minutes before to 5 minutes after high-impact news; profits made may be removed.	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.	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 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: 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.	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.	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.	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.	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.	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.	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 One is not sold for documents from seven further countries. E8's platform article says US clients can use only TradeLocker and Match Trader.	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.	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.