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19 firms and 448 selected configurations. Each column is one exact account: program, variant and size. Each market is compared separately.
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Sources checked 19 September – 7 November 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-11-07-pilot-4, approved 7 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.
Account 1
Account 2
Account 3
| Criterion | Alpha Capital Group · Alpha One 12% · $100,000 | The5ers · Bootcamp · $100,000 | Tradeify · Classic · $100,000 |
|---|---|---|---|
| List price | $587 one-time | $95 one-time | $749 one-time |
| Opening loss allowance | $8,000 | $1,250 | $10,000 |
| Difficulty ratio | 1.50 | 3.60 | 1.50 |
| Fee per $1,000 of opening risk | $73.38 | $240.00 | $74.90 |
| Initial profit share | 80% | 50% | 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. | First withdrawal 14 days after the funded account is activated, then every 2 weeks from the last approved withdrawal; scaling restarts the 14 days. | 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. Once the trailing drawdown has locked at the initial balance, requesting all profits closes the account, so Alpha advises leaving a profit buffer. | A withdrawal can be requested from $150 of profit, and crypto withdrawals are limited to $1,500 each. No payout cap is stated. | $100 minimum and no maximum. You must be flat to request, and only one request can be open at a time. |
| Activation fee | None | $205 | 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. | Rise, crypto and bank-transfer payouts carry a 3.5% commission, and a bank may charge more. Payouts taken as Hub credit carry none. | None from Tradeify; third-party providers or blockchain networks may charge. |
| Evaluation route | Alpha One 12% on MT5 with Standard spreads (no commission), the standard 80% split and no add-ons: one evaluation phase, then a Qualified Analyst account. Payouts are On-Demand only. Raw spreads, EA use, the 90% Profit Split add-on and Swap Free are options at checkout. | Three evaluation steps on growing balances ($25,000, $50,000 and $75,000), then the $100,000 funded 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 | 12% | 6% then 6% then 6% | 5% then 10% |
| Total and daily loss | 8% maximum drawdown trailing the high-water mark (the highest balance reached): the floor starts at $92,000, rises with each new balance high and stops at the $100,000 initial balance once the balance reaches $108,000. 5% daily loss from the higher of the day's starting balance or equity ($5,000 at $100,000), the day starting at 00:00 broker time. Breaching either closes the account. | Maximum loss 5% of each step's initial balance (floors $23,750, $47,500 and $71,250), and 4% on the funded account ($96,000). No daily limit in the steps; the funded account has a 3% daily pause. | 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 1 trading day; the evaluation has no time limit. | No time limit. No minimum number of trading days is stated. | 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 and no minimum number of profitable days for payouts are stated. | 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. | The5ers says review usually takes 24–48 business hours, and approved withdrawals are processed in up to 3 business 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. | A $5 Hub credit bonus after the first step. No refund of the fees is stated. Hub credit is valid for 3 months from the date it is granted and cannot be combined with promotional codes or discount coupons; if it does not cover the full price, the remaining balance is paid with your preferred payment method and must be at least $12. | 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. | Within 5 days of purchase and before any trade, the fee can be refunded; after 5 days, only as Hub credit. | 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 trading is allowed, except bracketing: placing buy and sell stops around the news. | 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 and weekend holding are allowed at every stage; swaps apply. | Overnight and weekend holding is allowed; indices held over the weekend carry very high swaps. An account is closed after 30 days without activity. | 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. | Your own EAs are allowed if they avoid the prohibited types. Each Bootcamp account must be traded with a different strategy, so you cannot copy trades between your Bootcamp accounts. | 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. | No fine or per-breach penalty in The5ers' terms. Prohibited trading, evading country restrictions or public disparagement can end the account with no refund and forfeit accrued profits; prohibited trading also brings a permanent ban. The trader indemnifies the firm for violations of the terms. | 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. | MetaTrader 5, cTrader ($10 extra) and TradingView outside the US; TradingView only for US clients. The choice is final once bought. | 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. | MT5, cTrader or TradingView; US residents trade on TradingView. Open to traders aged 18 or over (or the legal age, if higher) outside The5ers' forbidden territories. | 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
Compare up to three accounts. Choose a firm, a program and a size for each, in any order.
Account 1
Account 2
Account 3
| Criterion | Alpha Futures · Zero · $50,000 | Take Profit Trader · Test · $50,000 | Topstep · Trading Combine No Activation Fee · $50,000 |
|---|---|---|---|
| List price | $169 per month | $170 per month | $95 per month |
| Opening loss allowance | $2,000 | $2,000 | $2,000 |
| Difficulty ratio | 1.50 | 1.50 | 1.50 |
| Fee per $1,000 of opening risk | $84.50 to $169.00 1 or 2 charges in 30 days | $150.00 to $235.00 1 or 2 charges in 30 days | $47.50 to $95.00 1 or 2 charges in 30 days |
| Initial profit share | 90% | 80% | 90% |
| First and later payouts | No calendar wait: each withdrawal request needs 5 winning days of at least $200 profit since the last request (not necessarily in a row) and the 40% consistency rule, up to 4 requests a month. | 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. | Standard path: 5 winning days of at least $150 net P&L (not necessarily in a row) before each request, and net profit since the last payout (except before the first). Consistency path: 3 trading days with at least one trade each, with the largest single day at most 40% of the total net profit. The count restarts after each payout. Payouts can be requested during CME market hours, Sunday 5 PM CT to Friday 5 PM CT, excluding holidays. |
| Payout minimums and caps | Up to 50% of the account's profit per request, from $200 up to $1,500, at 90% of the amount requested; the rest stays on the account. In the live program there is no maximum. | 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. | At least $125 per request and at most 50% of the balance, capped at $2,000 per request on the Standard path or $3,000 on the Consistency path; the 90% share then applies. |
| Activation fee | None | $130 | None |
| Platform and data fees | None | None | None |
| Payout processing fees | The payout methods page names no fee: payouts are paid in US dollars by ACH (US bank accounts), wire transfer, SWIFT, Wise or Rise; Rise needs a signed agreement before the first payout. | $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. | No Topstep fee for Prop-to-Brokerage (US), Aeropay (US banks) or Wise (China, Canada and the UK), though banks or those services may charge their own; $30 for ACH (US banks) and for wire/SWIFT (international). |
| Evaluation route | Zero $50,000, Alpha Futures: a one-step Evaluation, then a simulated Qualified Account; Alpha Futures may later call a Qualified trader to a live account. Read on the plan card, for AlphaTrader, Alpha Futures' own platform; the platform is chosen at purchase and cannot be changed after. | 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. | Trading Combine on the No Activation Fee path, without the Responsible Trading Advantage: the Trading Combine, then an Express Funded Account on the Standard or Consistency payout path, chosen at activation. The path cannot be changed after purchase; the Responsible Trading Advantage is an option at checkout, and a Live Funded Account follows only if Topstep's Risk Team calls the trader up. |
| Profit targets | 6% | 6% | 6% |
| Loss mechanics | A $2,000 Maximum Loss Limit that trails the end-of-day balance, in the Evaluation and the Qualified Account: it starts at $48,000, follows the highest end-of-day balance and stops at $50,000. Reaching it at any time, on open or closed balance, liquidates the account: an Evaluation can start again with a reset or at the monthly rebill, and a Qualified Account is closed. | 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. | Maximum Loss Limit of $2,000, trailing the end-of-day balance. In the Trading Combine it starts at $48,000, rises with the end-of-day balance and locks at the $50,000 starting balance. The Express Funded Account's balance starts at $0, so its limit starts at -$2,000 and locks at $0; after the first payout it is $0. It is monitored in real time, open positions included: touching it closes the Trading Combine until a reset, and the Express Funded Account for good. |
| Minimum days and time limits | At least 1 trading day. The subscription renews each month until the Evaluation is passed or cancelled; a trade at least once every 10 trading days keeps an account active. | At least 3 trading days, each with at least one trade, and no time limit. | No time limit for passing: the Trading Combine subscription stays active until you pass or cancel. You cannot pass in one day; you can pass in as few as two days. An Express Funded Account with no trading activity for more than 30 days may be closed. |
| Daily loss and contract limits | A Daily Loss Guard of $1,000 (2% of the starting balance) in the Evaluation and the Qualified Account, a soft breach: when the day's P&L, open or closed, reaches the limit, positions are flattened and the account is locked until the next trading day (6 PM ET), without losing it. Up to 3 minis / 30 micros in the Evaluation; in the Qualified Account the Scaling Plan allows 1 mini or 10 micros below $1,500 of profit, 2 minis or 20 micros from $1,500, 3 minis or 30 micros from $2,000. MBT and MET count as full minis. | 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 in either stage unless the trader adds one at checkout, when buying the Trading Combine (the Responsible Trading Advantage) or activating the Express Funded Account: $1,000, fixed. Up to 5 minis or 50 micros at a time in the Trading Combine (10 micros count as one mini); in the Express Funded Account the Scaling Plan sets the limit by the current balance, which starts at $0. Topstep sets lower limits on some volatile products. |
| Funded consistency rules | 40%: no single trading day's profit may be 40% or more of the net profit since the last withdrawal request. Until it is met no withdrawal can be requested; the account is not breached, and the rule starts again after each request. | None in the PRO account or a PRO+ account. | Standard path: no consistency rule. Consistency path: no single day may make up more than 40% of the total net profit in each payout window, which starts again after each payout. |
| After a payout | The Maximum Loss Limit stays where it was when the withdrawal is made, and the profit left on the account stays as room above it. The 5 winning days and the consistency rule start again. Trades must be closed when a request is made, and trading pauses until the amount is withdrawn. | 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. | The payout comes out of the balance and the Maximum Loss Limit is set to $0 for good, so the remaining balance is the room left to lose; the winning-day count or consistency window restarts, and a lower balance can lower the Scaling Plan's contract limit. After a payout the account can no longer be reactivated through Back2Funded. |
| Published processing time | Approved payouts are currently paid within five business days or less. The terms say within 3 business days, or up to 14 business days when the account needs more verification checks. | 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. | Internal approval can take 1 to 3 business days. Aeropay then pays instantly after approval (US banks that support real-time payments), Prop-to-Brokerage the same day if requested by 12 PM CT, Wise and ACH in 1 to 3 business days, and wire/SWIFT in 5 to 10 business days. |
| Fee refund with a reward | None: the return policy says all sales are final and no refunds will be issued. | 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. | None: once funding is earned, Topstep counts the subscription and all fees as used in full. |
| Cancellation refund | The subscription can be cancelled at any time from the Billing section of the dashboard; access ends on the date the next monthly fee would be due. The return policy says all sales are final and no refunds will be issued. The General Service Agreement allows a refund requested within 14 days of the service being made available and before any trade is placed, and a trader who cannot pass identity screening gets a full refund of a passed or active Evaluation. | 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. | The subscription can be cancelled at any time from the Billing page, and fees are generally not refunded. Exceptions: up to one monthly renewal payment back within the first 14 days of a trader's first-ever Trading Combine if it has not been passed, and a forgotten rebill refunded if asked within 28 days of the charge and the account has not traded since. |
| News and overnight holding | No news restriction in the Evaluation. In the Qualified Account, no order may be executed from 2 minutes before to 2 minutes after a high-impact news event (a red folder on Forex Factory for the asset traded), and positions may be held through it. A first breach is a warning: the profit from those trades is void and the payout denied; a later one breaches the account. All trades must be closed before 4:20 PM ET each day, in every account, so nothing is held overnight or over the weekend; Alpha Futures closes any left open. | 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 in both stages: Topstep does not require flattening for economic releases, but trading the full Maximum Position Size into a scheduled major news event is prohibited. All positions must be closed by 3:10 PM CT each weekday, or earlier for products that close earlier, so nothing is held overnight or over the weekend. |
| Expert advisors and copying | No AI, bots or other automated trading in any account; semi-automated signals are allowed when the trader places, monitors and manages each trade by hand, and strategies of 100 or more trades a day are not accepted. Copy trading is allowed when one person executes the trades on their own Alpha Futures accounts; automated, group and reverse trading (opposite positions across accounts) are prohibited. | 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. | Automated strategies are allowed with conditions: Topstep does not help set them up and makes no exceptions for errant trades or malfunctions, and unfair technology or strategies that exploit simulated fills are prohibited. Copying between your own Trading Combine and Express Funded Accounts with the Trade Copier is allowed (up to $750,000 of buying power across Express Funded Accounts); hedging across accounts and trading in concert with others are prohibited. |
| Platforms | Chosen at purchase and not interchangeable after: AlphaTrader (Alpha Futures' own platform, on the web and a mobile app), TradingView (connected through Plus500, with the AlphaTrader login), WealthCharts, DeepChart by Volumetrica Trading (with its "OrderFlow" package included) and Quantower (desktop only, on the dxFeed data feed). Real-time data on each needs a signed Non-Professional Agreement. | 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. | TopstepX, Topstep's own platform, is the only trading platform. Quantower can connect to Trading Combine and Express Funded Accounts through TopstepX, and API access for automated strategies and third-party tools is billed separately by ProjectX. |
| Platform access and eligibility | AlphaTrader, one of five platforms chosen at purchase (with TradingView through Plus500, WealthCharts, DeepChart and Quantower) and not interchangeable after. The Evaluation and the Qualified Account are simulated. 18 or over; identity verification (KYC) before a Qualified Account; not available to people in 61 listed countries and territories, even when visiting them. Up to 5 Zero Qualified Accounts (3 while an Advanced Qualified Account is active); one individual per household. | 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. | TopstepX only (Quantower can connect through TopstepX); the Trading Combine and the Express Funded Account are simulated accounts. Traders must be 18 or over and complete identity verification before a second purchase; citizens and residents of listed countries are excluded, and traders from some countries cannot move to a Live Funded Account. |
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.
Account 1
Account 2
Account 3
| Criterion | Breakout · 1-Step Turbo · $50,000 | E8 Markets · E8 Pro · $50,000 | Propr · Turbo 1-Step · 50,000 USDC |
|---|---|---|---|
| List price | $180 one-time | $228 one-time | $245 one-time |
| Opening loss allowance | $1,500 | $4,000 | 1,500 USDC |
| Difficulty ratio | 3.00 | 1.00 | 3.00 |
| Fee per $1,000 of opening risk | $120.00 | $57.00 | $163.33 USDC counted at $1 |
| Initial profit share | 80% | 80% | 80% |
| First and later payouts | On demand: once funded, a payout can be requested at any time, on weekdays or weekends, with no open positions and no breach. | 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 | $50 minimum, after the profit split. No payout cap is stated; combined funded capital is capped at $200,000. | 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 at both stages: in the evaluation, "All trading on the Breakout Terminal happens on a demo account funded with simulated capital"; once funded, "Your funded account trades on simulated capital, not real capital". Payward Oceanic may record a trade idea as a book entry or route it to a market maker or exchange for its own book, which does not make the account live. Breakout's homepage says "Once funded you trade with Breakout's capital". | 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 | 0.04% of each buy or sell order on crypto markets and 0.02% on the eight non-crypto markets (since 29 October 2026), in the evaluation and once funded. They reduce the account's balance rather than being charged to you. | 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 and financing | No funding payments: Breakout charges a fixed financing ("swap") fee of 0.033% of notional a day for each open position, taken in six parts every four hours on the Breakout Terminal. | 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 | Not stated: Breakout names no payout fee. Payouts are USDC on Ethereum (ERC-20), with no adjustment for USDC price moves between request and receipt. | 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 | 1-Step Turbo $50,000, Breakout (crypto and other markets, simulated): the purchase portal's standard build 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 with Payward Oceanic, Ltd. | 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 | Maximum drawdown $1,500, 3% of the initial balance, static: the floor does not move as the balance grows. Maximum daily loss: 3% of the balance at 00:30 UTC, open positions left out, recalculated every day at that time. Equity that reaches or exceeds either limit is a breach: in the evaluation the account fails; once funded, terminal access ends 7 calendar days later. The same limits apply once funded, and requesting a payout widens that day's daily limit by the payout amount. | 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 | None: no minimum or maximum time and no minimum trading days; the evaluation is passed once the target is reached within the rules. | 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 is set per market and applied automatically: 2x to 10x on crypto (BTC 10x) and 3x to 10x on the eight non-crypto markets. Each market has a maximum position on the symbols page (for example BTCUSD $1,000,000, S&P500 $2,000,000). Breakout says there are no margin calls or liquidation levels: the account's loss limits apply. | 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 | None: no consistency rule on any Breakout account, no minimum trading days and no time limit. | 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 requested amount is deducted from the balance at once, and that day's daily loss limit widens by the payout amount until it is recalculated at 00:30 UTC. The static maximum drawdown floor is not said to change. | 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 | A payout request is deducted from the balance at once; Payward Oceanic's approval "can take 12-24 hours, but is usually much quicker", and USDC is then sent to the trader's ERC-20 wallet. Breakout's homepage says "No cycles, no approval queue. Most requests processed within hours." | 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 stated: no page offers the fee back with a payout, and evaluation fees are non-refundable. | 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 | None: evaluation fees are non-refundable, and the terms of use allow no refunds except under a separate agreement. If identity verification (KYC) cannot be approved after a manual review, active evaluations are refunded. | 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 | None: news trading is allowed in the evaluation and once funded. | 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: positions may be held overnight, over weekends and over holidays, with no forced close, in the evaluation and once funded. Open positions pay a daily financing fee. | 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 | Bots and expert advisors are not addressed; a third-party or off-the-shelf approach marketed to pass evaluations, or to grow a funded account, is prohibited. Copying trades between your own accounts is not addressed; hedging across accounts (your own included), copy trading across users and trade ideas copied from third parties are 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 | A breach (a loss limit reached, prohibited trading or a breach of the agreement) ends the evaluation, closes open positions and disables the account, with no refund and no reset; a breached funded account receives no payout. A confirmed cross-account hedging violation ends every associated account, forfeits accrued profits and suspends the trader permanently. | 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 | Breakout Terminal, Breakout's own platform, on the web and in its mobile app: new evaluations and funded accounts are on it only. Accounts bought on DXtrade before stay there and cannot move to the Breakout Terminal. | 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 | Breakout Terminal only, for new accounts. Not for residents of, or people located in, Afghanistan, Belarus, Burma (Myanmar), Cambodia, the Central African Republic, Cuba, the Democratic Republic of the Congo, Eritrea, Ethiopia, Haiti, Iran, Iraq, Lebanon, Libya, Nicaragua, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Zimbabwe, or the Crimea, Donetsk and Luhansk regions of Ukraine; 18 or older. Identity verification (KYC) before the funded account. Combined funded capital up to $200,000. | 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. |
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