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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.
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 – 30 October 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-10-30-pilot-2, approved 30 October 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 | FundingPips · 2 Step Pro · $100,000 | The5ers · High Stakes Classic · $100,000 | Tradeify · Classic · $100,000 |
|---|---|---|---|
| List price | $466 one-time | $455 one-time | $749 one-time |
| Opening loss allowance | $6,000 | $8,000 | $10,000 |
| Difficulty ratio | 2.00 | 1.625 | 1.50 |
| Fee per $1,000 of opening risk | $77.67 | $56.88 | $74.90 |
| Initial profit share | 80% | 80% | 80% |
| First and later payouts | Weekly: every 7 calendar days after the first trade on the Master Account; Monthly: every 30 calendar days. | 14 days after activation, then 14 days after last approved payout; scaling resets clock. | Biweekly: every 14 days, counted from your first trade on the funded account. |
| Payout minimums and caps | Request at least 1% of the account size ($1,000) including FundingPips' split; Rise and bank transfer need $500; no cap stated. | Selected $100k: minimum withdrawal $500, cap $4,000. Sources differ | $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 FundingPips fee is stated; crypto rewards (USDT or USDC on ERC20) are reduced by service fees, exchange rates and network fees, and transfers are subject to exchange rates and transaction fees. | Payout methods carry a 3.5% fee, and receiving banks may charge more. Hub credit has no fee but is not cash. | None from Tradeify; third-party providers or blockchain networks may charge. |
| Evaluation route | 2 Step Pro with no add-ons: Phase 1, Phase 2, then the Master Account. Swing and Swap Free are options at checkout. | The Classic variant (not New or the Summer Plan). Two evaluation steps, then the 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 | 6% then 6% | 8% then 5% | 5% then 10% |
| Total and daily loss | Static 6% max loss ($6,000; limit $94,000) in both phases and on the Master Account; 3% daily loss from the higher of the day's opening balance or equity, reset at 00:00 platform time (UTC+3). Touching either limit closes the account. | Maximum loss 8% of the initial balance, a floor of $92,000. Daily loss 4% of the day's starting balance or equity, whichever is higher, taken at the start of the day on MT5 server time (GMT+2 in winter, GMT+3 in summer). Both apply in each step and on the funded account; reaching either ends 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 | No minimum trading days for accounts bought or reset from 26 August 2026; no time limit; the account is closed after 30 days without a completed trade. | At least 3 profitable days in each step, each with profit of at least 0.5% of the initial balance ($500). No time limit. | 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 | Monthly cycle: a 35% consistency score and 7 profitable days of at least 0.5% ($500) each. The Weekly cycle has no consistency rule stated. | No consistency rule and no separate profitable-day requirement for payouts. The 3 profitable days apply to scaling. | No consistency rule, and no minimum of trading days or profitable days before the first payout. |
| Published processing time | Reward requests are processed within 1-3 working days, and funds can take a further 1-2 working days to arrive; card rewards are listed as instant to 1-5 days. | The5ers says review usually takes 24–48 business hours, and payment is typically processed within 3 business days after approval. | 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: the 4th-reward registration fee refund does not apply to 2 Step Pro. | Hub credit of 10% of the fee on passing step 1 and 20% on passing step 2; Hub credit can only be used toward a new challenge and cannot be withdrawn. On the funded account, 70% of the part of the fee paid with your original payment method (not Hub credit) is added to equity and can be withdrawn with the first payout, once the account has made at least $150 profit and been active for 14 days. | 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: payments are final and fees are non-refundable, except where the law requires otherwise. | Under The5ers' general terms, an unused purchase with no trading or breach can be refunded in cash within 5 days, and after that only as Hub credit. The funded account contract is separate. | 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 | Evaluation: no news restriction, but deliberately trading news closes the account in any phase. Master Account: profit from trades opened or closed on the affected currency from 5 minutes before to 5 minutes after high-impact news, or from 5 minutes before a high-impact speech begins to 5 minutes after it ends, is deducted, unless the trade was opened 5 hours or more before. The trader is responsible if a deduction breaches the daily or maximum loss limit. | Holding positions through news is allowed. Opening or closing trades within 2 minutes before or after high-impact news is not. Profits of such trades are not taken into account. | 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 the evaluation; on the Master Account, open positions are closed automatically every day (20:45-21:00 UTC in summer time, 21:45-22:00 UTC in winter time) unless the Swing add-on was bought. The closure is not a breach. | Overnight and weekend holding is allowed. Accounts expire after 30 days without activity. | Allowed in both stages, within the account's risk limits. |
| Expert advisors and copying | Third-party EAs only as trade or risk managers; your own EA may fully automate trading with proof of ownership. Copying between your own FundingPips accounts, or from yours out to an external account, is allowed; copying into the account and copying between different traders' accounts are prohibited. | Copying between your own accounts is allowed, except for between Bootcamp accounts. EAs are allowed. | 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 | Prohibited practices (including gap trading, high-frequency trading, latency arbitrage, hedging, copying other traders and third-party account management) can lead to removed profits, declined rewards, disqualification and termination without a refund, and in serious or repeated cases exclusion from future participation; no fine is stated. | 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, MatchTrader and cTrader, chosen at checkout; cTrader adds $20 to the price. | 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 | MetaTrader 5, MatchTrader or cTrader (cTrader adds $20); 18 or over; residents of Iran, Vietnam and the United Arab Emirates are not accepted; identity verification (KYC) before trading the Master Account. | MT5 (hedging account). Open to adults (18 or over, or the local age of majority) who pass identity checks, with country exclusions. MetaQuotes restrictions affect US residents. | 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 | FundedNext · Rapid Pro · $50,000 | Lucid Trading · LucidDirect · $50,000 | My Funded Futures · Builder · $50,000 |
|---|---|---|---|
| List price | Temporary offer | $515 one-time | $153 one-time |
| Opening loss allowance | $2,000 | $2,000 On the funded account, as there is no evaluation | $2,000 |
| Difficulty ratio | 1.50 | 0.00 No evaluation or profit target | 1.50 |
| Fee per $1,000 of opening risk | $149.99 $80.00 with offer | $257.50 | $76.50 |
| Initial profit share | 90% | 90% | 80% |
| First and later payouts | Rewards every 3 days, once the cycle's profit reaches $500 and the 40% consistency rule is met. | No fixed wait: a payout can be requested any day once the criteria are met. With its daily loss limit, this size also has On Demand Payouts: a payout can be requested during the trading session, from profit made that session (6:00 PM to 3:45 PM ET). The plan card gives "Min Day to Payout 5"; the 20% consistency rule needs profit on at least five days. | The first request can be made 48 hours after the first trade on the Sim Funded account, then every 48 hours; each cycle needs at least 2 traded days, and the buffer must be cleared first. |
| Payout minimums and caps | A minimum withdrawal of $250, and at most $1,200 per cycle. | A profit goal of $3,000 for the first payout and $2,500 for later ones, reached in each cycle; each request at least $500, at most $2,000 for payouts 1 to 3 and $2,500 for payouts 4 and 5. The funded-account page also says "No simulated payout caps". | Minimum request $500, of which the trader keeps 80%. Up to $2,000 per cycle. The $2,100 buffer must be cleared first; the first payout needs $500 of net profit above it, each later one $500 of net profit since the last payout. Up to 5 Sim Funded payouts, then a live account may follow. |
| Activation fee | None | None | None |
| Platform and data fees | None | None | None |
| Payout processing fees | A processing fee of up to 3.5% on every reward request, with minimum and maximum amounts for each payout method. | No Lucid fee is stated for payouts; they are paid by Plaid (US), WorkMarket by ADP (bank transfer or PayPal) or, for international traders, cryptocurrency. | Not stated: no page read names a payout fee. |
| Evaluation route | The Rapid Pro path, chosen at purchase, without the Daily Loss Limit add-on or a reset. One Challenge, then the FundedNext Account. | LucidDirect $50,000: a simulated funded account from purchase, without an evaluation, and without options. Read on Tradovate; every Lucid account works on every listed platform. | Builder $50,000, My Funded Futures: one evaluation, then a simulated funded (Sim Funded) account, and later a live account at Blue Row Capital after a review. Read on the Tradovate platform at checkout, with the default $2,000 Max Loss Limit. |
| Profit targets | 6% | None | 6% |
| Loss mechanics | $2,000 maximum loss, trailing at the end of each day; the floor locks at $50,100. | A $2,000 end-of-day trailing max loss limit: it starts at $48,000, rises with the highest end-of-day balance and locks at $50,100 once the account closes above $52,100. Reaching it breaches the account. | An end-of-day trailing Max Loss Limit of $2,000. The evaluation starts at $50,000 with a $48,000 floor. The Sim Funded account starts at $0, so its floor starts at -$2,000; it trails the end-of-day balance and locks once it reaches $100. Sources differ on when a loss counts: the plan's guides count open equity losses at the end of the trading day, while the general drawdown article says an open position that dips below the floor fails the evaluation. |
| Minimum days and time limits | No time limit to pass, and the target can be reached in a single day. Challenge and FundedNext Accounts are breached after 30 consecutive calendar days without a trade. | None: LucidDirect has no evaluation. An account with no trade (a net profit or loss of at least $1) for 30 calendar days is deleted. | A minimum of 1 trading day and no time limit. An account with no trade for 7 consecutive calendar days can be closed, Sim Funded accounts included. |
| Daily loss and contract limits | No daily loss limit unless the Daily Loss Limit add-on is bought. Up to 4 minis or 40 micros, the same in the Challenge and the FundedNext Account. | A fixed daily loss limit of $1,200 until the account closes above $52,100; above it the LucidScale limit applies, which the articles give as 60% of the highest end-of-day profit and the funded-account table and plan card as "60% of Peak EOD Balance"; it never decreases. Reaching the daily limit stops trading until the next session without breaching the account. At most 4 minis or 40 micros, from the start (no scaling plan). | A daily loss limit of $1,000 in the evaluation and the Sim Funded account, a soft pause: trading stops until the next session and the account is not breached. Up to 4 minis or 40 micros in both stages. |
| Funded consistency rules | 40%: before each withdrawal, the highest day's profit must be at most 40% of the total, over at least 3 trading days. | Your largest day may be no more than 20% of the profit in the payout cycle; it resets after each payout. | A 50% consistency rule on the Sim Funded account: the largest profit day may not be more than 50% of the cycle's profits; it resets after each approved payout. |
| After a payout | After the first reward the loss floor locks at $50,100, and the account ends after the 5th reward. | The amount is deducted within minutes; the profit goal and consistency start again. After the fifth payout the account moves to Lucid's live program. | After the first payout the Max Loss Limit sits at $100 and stays there. The consistency count restarts after each approved payout. After the 5th approved Sim Funded payout, the trader may be promoted to a live account. |
| Published processing time | FundedNext promises to start processing a reward within 24 hours of the request, except where details are incorrect. The time for money to arrive is separate. | Once approved, the amount is deducted from the account within minutes and paid to the payout method within 2 business days. | 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. |
| Fee refund with a reward | No refund of the fee with a reward: FundedNext's futures FAQ and terms say fees are final and non-refundable under all circumstances. | None: no refund of the fee once the account has been traded. | None stated: no page read offers the fee back with a payout. |
| Cancellation refund | FundedNext's futures challenge terms and futures FAQ say payments are final and non-refundable under any circumstances. Its terms of service allow a refund request within 7 days of purchase if no trade, order or position has been opened or executed on the account. The terms of service list the futures challenge terms among their policies and say their main text prevails over those policies and over FAQs, unless a document expressly states that it prevails over a specific provision; the futures challenge terms do not say that. How FundedNext applies this to an unused futures account is not established. Sources differ | No refund once the account has been traded; for an account never traded Lucid may consider a refund at its sole discretion. | 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. |
| News and overnight holding | News trading is allowed. Positions must be closed by 3:10 pm CT and cannot be held over the weekend. | News trading is allowed at every stage. Positions must be closed by 4:45 PM ET, Monday to Friday; Lucid closes any still open at that time, which does not fail the account. Trading reopens at 6:00 PM ET, Sunday to Thursday. | News: Builder may trade Tier 1 news in both stages. 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. |
| Expert advisors and copying | Expert advisors and trading bots are allowed. You may copy your own trades between accounts in your own name; signal services, group trading and copying other traders are prohibited. | Automated trading systems and trade copiers are allowed if they follow Lucid's rules; high-frequency trading is prohibited, and so is holding opposite positions in the same or correlated contracts across accounts (hedging). Profits mostly from trades of 5 seconds or less are flagged as microscalping. | 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. |
| Platforms | Tradovate, NinjaTrader and TradingView (through Tradovate), with no platform or data fees. | Every Lucid account works on every listed platform: NinjaTrader, Tradovate and TradingView on CQG; Quantower, Tradesea, MotiveWave, Sierra Chart, Jigsaw, Bookmap, ATAS, R|Trader Pro and MultiCharts on Rithmic. | 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. |
| Platform access and eligibility | Tradovate, NinjaTrader and TradingView. All trading is simulated. Open to adults (18 or over, or a higher minimum age where they live) who pass identity checks, outside the countries FundedNext restricts for futures. | Tradovate, one of the platforms every Lucid account works on; 18 or over; citizens and residents of 77 listed countries and five listed regions of Ukraine are not eligible; up to 5 funded and 10 evaluation accounts per household. The terms also say the website is "for use only by persons located in the United States", which the help centre's worldwide country list does not reflect. | 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. |
Perpetuals · 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 | E8 Markets · E8 One · $50,000 | Propr · Classic 1-Step · 50,000 USDC | Propr · Pro 1-Step · 50,000 USDC |
|---|---|---|---|
| List price | $288 one-time | $495 one-time | $355 one-time |
| Opening loss allowance | $3,000 | 3,000 USDC | 2,500 USDC |
| Difficulty ratio | 1.50 | 1.667 | 2.40 |
| Fee per $1,000 of opening risk | $96.00 | $165.00 USDC counted at $1 | $142.00 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. | On demand at any time, with no minimum waiting period and no limit on the number of requests, once KYC is complete. | 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. | 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. | 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: 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. | 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. | 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. | 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. | Hyperliquid's periodic funding rates are deducted or credited to the account automatically, and their effect is included in equity. | 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: no withdrawal fees; payouts are in USDC on-chain. | 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. | Classic 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. | 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 | 9% | 10% | 12% |
| 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. | Maximum drawdown 6% static: the equity limit is 47,000 USDC, set at the start and never moving. 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. | 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 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 and no minimum trading days: the evaluation can be passed in a single trade. | 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, 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. | 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. | None: no consistency rule and no minimum trading days. | 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. | 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. | 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. | Processed within 24 hours, says the rulebook; the homepage says payouts settle on-chain in USDC within minutes. | 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: the evaluation fee is a one-time, non-refundable fee. | 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. | None: evaluation fees are non-refundable once the account is activated, and cancelling the account gives no refund. | 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. | None: news can be traded in both stages. | 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: no overnight or weekend holding restriction; crypto markets trade 24/7. | 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. | 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. | 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 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. | 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. | Propr's own paper-trading terminal at app.propr.xyz, and its REST API with Python and JavaScript SDKs for automated trading. | 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. | 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. | 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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