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Selected programs, exact terms
16 firms and 366 selected configurations. Each column is one exact account: program, variant and size. Each market is compared separately.
Listed alphabetically; this is not a ranking. Use the information button beside any value for its conditions, calculation and official sources. How we handle numbers · Browse by firm · Written comparisons
Sources checked 19 September – 4 November 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-11-04-pilot-2, approved 4 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 Direct · $100,000 | E8 Markets · E8 Pro · $100,000 | FundedNext · Stellar 2-Step Standard payout route · $100,000 |
|---|---|---|---|
| List price | $457 one-time | $488 one-time | $549.99 one-time |
| Opening loss allowance | $5,000 On the funded account, as there is no evaluation | $8,000 | $10,000 |
| Difficulty ratio | 0.00 No evaluation or profit target | 1.00 | 1.30 |
| Fee per $1,000 of opening risk | $91.40 | $61.00 | $55.00 |
| Initial profit share | 90% | 80% | 80% |
| First and later payouts | No fixed wait: once the 3% profit buffer is built, a payout can be requested whenever the 15% Best Day Rule and the 1% minimum 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. | You can request your first Performance Reward 21 days after starting trading, with subsequent Performance Rewards occurring every 14 days thereafter. |
| Payout minimums and caps | A 3% profit buffer ($3,000) must be built first and stay in the account; payouts are then requested from the profits above it, at least 1% of the account ($1,000) each time. 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. | Performance Reward minima: crypto $20 (capped at $1,999, or $1,000,000 for OFAC countries), Rise $50 (no cap), bank $1,000 (capped at $50,000). |
| 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. | Up to 3.5% depending on the payout method, and provider conditions vary. The exact fee for each method has not been established. |
| Evaluation route | Alpha Direct on MT5 with Standard spreads (no commission): a Qualified Analyst account from purchase, without an evaluation. Raw spreads are an option 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. | The standard payout route, without the Lifetime Reward or other add-ons. Two phases, then the funded account. |
| Profit targets | None | 8% | 8% then 5% |
| Total and daily loss | 5% maximum drawdown trailing the high-water mark (the highest balance reached): the floor starts at $95,000, rises with each new balance high and stops at the $100,000 initial balance once the balance reaches $105,000. 3% daily loss from the higher of the day's starting balance or equity ($3,000 at $100,000), 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. | Static 10% maximum loss; 5% hard daily loss. Initial floor $90,000. |
| Minimum days and time limits | None: no evaluation. | No time limit. At least one trade must be opened and closed every 60 days; after 60 days without, the account is disabled. | At least 5 trading days in each phase, with at least one trade on each. No time limit. |
| Funded consistency rules | Best Day Rule: no single trading day may contribute more than 15% 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. | On the standard payout route, no consistency rule and no minimum number of funded trading days. Other payout options are outside this configuration. |
| 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. | FundedNext promises to process a reward within 24 hours of the request, with exceptions for bank transfers and incorrect details. |
| Fee refund with a reward | None: the return policy says all sales are final and no refund will be issued. Separately, Alpha applies a discretionary bonus of 0.25% of the initial account size ($250) to Qualified Analysts on the fourth performance-fee request. | None: E8 does not refund the fee with the first payout at present. | The challenge fee is refunded with the first reward. This is separate from cancelling a purchase. |
| 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. | Under the CFD challenge terms, a refund can be requested within 7 days if no trade has been placed. Add-on and third-party fees have their own conditions, and statutory rights still apply. |
| News trading | There is no 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. | No news restriction during the evaluation. On the funded account, profit from trades within 5 minutes of high-impact news counts only 40% toward the reward, while losses count in full. |
| Overnight and weekend holding | Overnight holding is allowed (swaps apply); weekend holding is not allowed. | 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. | Weekend holding and overnight holding are both allowed. Partly unknown |
| Expert advisors and copying | EAs are disabled on Alpha Direct accounts and cannot be used. Alpha's copy-trading article, which names no plan, allows copying 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. | Accounts of $50,000 or more must be traded manually, so expert advisors are not allowed on this account. Copying between your own Challenge accounts is restricted: the help center allows it up to $300,000 in total, and the CFD Challenge Terms require FundedNext's express written authorization. Copying involving a FundedNext Account is prohibited. |
| Contractual penalties | Breaching the daily or maximum drawdown is a hard breach that closes the account. On the Qualified Analyst account, an open loss on one asset reaching 1% ($1,000), 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 removes all profits and resets the account to its initial balance. Gambling-style trading leads to removed profits and possibly termination of the contract. | 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. | The CFD challenge terms set a $25,000 penalty for each prohibited-practice breach, which may be applied per trade, pattern or account, and allow FundedNext to deduct it from money owed. We have not assessed whether this is enforceable. |
| 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. | MT4, MT5, cTrader and Match-Trader; cTrader and Match-Trader cost a one-time $25. US clients can use only Match-Trader. |
| 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) once the account is eligible for its first payout. | 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). | MT5. Open to adults (18 or over, or the local age of majority) who pass identity checks, with residency and citizenship restrictions. The platform is not available for U.S. clients. |
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 | Apex Trader Funding · EOD Trail Standard · $50,000 | E8 Markets · E8 Zero Starter · $50,000 | Tradeify · Select · $50,000 |
|---|---|---|---|
| List price | $590 one-time | $218 one-time | $165 one-time |
| Opening loss allowance | $2,000 | $1,500 | $2,000 |
| Difficulty ratio | 1.50 | 2.00 | 1.50 |
| Fee per $1,000 of opening risk | $359.50 | $145.33 | $82.50 |
| Initial profit share | 100% | 80% | 90% |
| First and later payouts | No calendar wait: each payout needs 5 trading days, not necessarily in a row, each with at least $250 of net profit, counted since the last payout. Apex calls this up to weekly payouts; there is no deadline. | Daily: a payout can be requested every day, the first one from the start of the Performance stage. | 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, from a balance of at least $52,600: the safety net of $52,100 (the drawdown limit plus $100) stays for the life of the PA, and only profit above it can be withdrawn. Caps per payout: $1,500 for the first, $1,500 for the second, $2,000 for the third, $2,500 for the fourth, $2,500 for the fifth, $3,000 for the sixth. The PA closes after its sixth payout. | The smallest payout is $100 of your share ($125 requested at 80%). Each payout is capped at $1,000. At most 4 payouts per account for accounts bought from 1 October 2026, 19:00 UTC+2 (5 for accounts bought earlier); after the fourth the account closes and a free Challenge of the same size follows. | 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 | $129 | None | None |
| Platform and data fees | None | None | None |
| Payout processing fees | Not stated: no page read names a payout fee. | None from E8; the payout processor (WorkMarket, Rise or Aeropay) may charge, depending on the option used. | 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 | EOD Trail $50,000, Standard, Apex Trader Funding: a 30-day evaluation, then a simulated funded Performance Account (PA) of the same size, opened with a one-time activation fee. Read on the Tradovate vendor; a live account is by invitation. | E8 Zero Starter $50,000, futures, at the checkout's standard settings (80% payout): one SimFi Challenge phase, then a simulated SimFi Performance account. | 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 | An end-of-day drawdown of $2,000: the threshold is set at each market close from the end-of-day balance and enforced in real time in the next session; touching it fails the evaluation or closes the PA. The evaluation starts at $50,000 with a $48,000 threshold, which on Tradovate trails the peak end-of-day balance indefinitely. On the PA it stops at $50,100. | An end-of-day (EOD) dynamic drawdown of $1,500 below the highest end-of-day balance, updated once a day at market close. In the Challenge it keeps rising with profit and never locks; in the Performance account it locks at the initial balance at the first payout. Equity or balance reaching or falling below it permanently closes the account. | 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 | No minimum: it can be passed in one trading day, within 30 calendar days of purchase, after which it expires. A PA must record 2 trading days with $50 of net profit in every rolling 30 days, or it closes. | No minimum trading days and no time limit; because of the 40% best day rule, the Challenge takes at least 3 days. At least one trade must be opened and closed every 7 days; after 7 days without, the account is closed. | 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 | A daily loss limit of $1,000 in the evaluation, a pause: reaching it stops trading for the rest of the session without failing the account. Up to 6 contracts (60 micros) in the evaluation. The PA scales by tier, set before each session from the previous close and able to move down as well as up: 2 contracts and a $1,000 daily loss limit at $0 to $1,499 of profit; 3 contracts and a $1,000 daily loss limit at $1,500 to $2,999 of profit; 4 contracts and a $2,000 daily loss limit at $3,000 to $5,999 of profit; 4 contracts and a $3,000 daily loss limit at $6,000 and up of profit. Orders over the limit are rejected. | No daily loss limit in either stage. Contract limits: in the Challenge 4 contracts ($40,000 of margin); in the Performance account 2 contracts ($20,000), rising to 3 after 1.5% profit and 5 after 3%, from the next trading day. | No daily loss limit in the evaluation. Funded: none on Select Flex, $1,000 on Select Daily (a soft breach, and not a hard stop: losses may exceed it before trading pauses). 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 | A 50% consistency rule on the PA: no single profitable day may be 50% or more of the net profit since the last approved payout; until it is met, a payout cannot be requested, but the account stays open. The consistency article's example accepts exactly 50%. | No consistency rule, no minimum of profitable days and no daily profit cap in the Performance account; the 40% best day rule applies only in the Challenge. | 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 | The safety net stays; the consistency count and the 5 qualifying days start again after each approved payout. While a request is pending, trade as if the amount were already deducted: a balance below the threshold cancels it. On Tradovate, a request needs the account flat. A live account is by invitation. | The payout comes off the balance, and from the first payout the loss level stays at the initial balance, so whatever is left above it is the only buffer. Profit above the cap that stays in the account is a buffer only: it cannot be requested later and does not count toward the next payout, which needs at least $100 of new profit. | 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 | Apex reviews a payout within 2 business days and sends approved funds within 3 to 4 business days; the bank or Plane usually takes 3 to 7 more, 5 to 11 business days in all. The same page still describes an older rule (eight trading days, five of them with $50 of profit, between requests) that the PA payout pages do not use. | 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. | 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, and purchases are not refunded. | 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 all sales are final. |
| Cancellation refund | None: Apex does not refund purchases, in whole or in part, including evaluations and PA activation fees; an evaluation fee cannot be moved to another size or type. | 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 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: allowed with your normal strategy; strategies that chase the market or place orders on both sides of a release are not. Overnight: not allowed; every position must be closed before 4:59 PM ET (agricultural markets earlier), and holding through the close forfeits the account. | News: allowed without restrictions in both stages; E8 recommends avoiding high-impact releases because of slippage. Overnight: not allowed; all open positions are closed each day at 15:10 CT, and trading is permitted from 17:15 to 15:10 CT. | 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 | Every order must be placed manually: automation, bots and algorithms are not allowed, nor is high-frequency trading. A trader may copy their own manual orders from one account to their other accounts, which must mirror them exactly; sharing trade copying with other traders is forbidden, and evaluations may not be hedged against each other. | Automated trading is prohibited: semi-automated and fully automated trading, such as bots, AI tools and high-frequency trading (more than 300 trades a day). Copying trades between your own accounts is allowed in both stages, as long as every account belongs to you alone; hedging across accounts is prohibited. | Bots and 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 vendor, chosen at checkout: Tradovate, Rithmic or WealthCharts. Level 1 data is included; Market Depth and other data are optional, billed by the platform. | Sources differ. E8's futures platform article: Tradovate is the only platform for futures, and E8 Zero the only futures product, which no longer holds, since E8 Signature is sold for futures too. E8's futures homepage lists NinjaTrader and Tradovate. Futures accounts use a netting system. | 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, Rithmic or WealthCharts, chosen at checkout. Not available in the restricted countries (see Who can trade): someone from one may join with an ID from an approved country and residence, mailing address and bank account there; in a restricted country, no purchases, payouts or trades. Up to 20 PAs at a time. | Sources differ on the platforms: E8's futures platform article names Tradovate as the only one, its futures homepage NinjaTrader and Tradovate. Not available with an identity document from a restricted futures country (see Who can trade). | 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. |
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 | HyroTrader · Zero-Step · 50,000 USDT |
|---|---|---|---|
| List price | $180 one-time | $228 one-time | $629 one-time |
| Opening loss allowance | $1,500 | $4,000 | 2,500 USDT |
| Difficulty ratio | 3.00 | 1.00 | 2.00 |
| Fee per $1,000 of opening risk | $120.00 | $57.00 | $251.60 USDT 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 ("Payouts on demand"): a request as soon as the funded account has at least $100 of profit after the split, with no wait between requests; after a payout at the maximum, another "as soon as you reach it again". All positions must be closed before a request. |
| 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 $100 of profit after the split. Maximum $2,000 per payout, the checkout's figure for 50,000 USDT; another can be requested once it is reached again. The FAQ puts the maximum at 5% of the initial balance per request (2,500 USDT here), and profit above that cap is not paid and does not carry over; the two figures agree only if the 5% is profit before the 80% split. |
| 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 at every stage: challenges and funded accounts are demo accounts on real market data, and no trade is executed in a live market. There is no real-capital stage. Rewards are paid in real money, calculated from the simulated results. |
| 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. | Depends on the platform. On Hyro, simulated commissions and slippage, at rates HyroTrader does not publish. On a Bybit demo account and the Tealstreet terminal, Bybit's standard (VIP 0) rates for USDT perpetuals: maker 0.02%, taker 0.055%. On BloFin, whatever the trader's own BloFin demo account applies: HyroTrader sets "no spreads, fees or prices". On the Tiger.com terminal, not published. Costs reduce results and count toward the targets and 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. | Not published. HyroTrader's terms say simulated costs may include funding or financing charges, with the method and current rates in the trading rules on its platform, behind a sign-in; no public page gives a rate or interval for any platform. |
| 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: profits are paid in USDT or USDC "with no withdrawal commissions charged". |
| 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. | Zero-Step, 50,000 USDT, HyroTrader (USDT perpetuals, simulated): the checkout's Zero-Step at 50,000 USDT, with an 80% profit split, fixed, a 10% profit target, a 5% static maximum loss and a 3% daily loss limit, in one evaluation phase, then a funded account. Checked on Hyro, HyroTrader's own platform; the same challenge can be traded on a Bybit or BloFin demo account or through the Tealstreet or Tiger.com terminal. |
| Profit targets | 9% | 8% | 10% |
| 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 loss 2,500 USDT, 5% of the initial balance, static: a fixed floor of 47,500 USDT that never follows equity. Daily loss limit 1,500 USDT, 3% of the initial balance, measured from the equity at 00:00 UTC, including open profit or loss and fees: equity below the day's floor breaches. The same limits apply in every phase, including the funded account. |
| 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. | 1 trading day, with no time limit. A trading day is a UTC day on which a trade worth at least 5% of the initial balance is closed with a result of at least 1% of its value, before fees. With no trade for 30 days the account fails. |
| 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. | Chosen by the trader, up to each platform's maximum: on Hyro up to 100x or more depending on the pair, shown on the order ticket; on Bybit between 50x and 100x on most pairs; on BloFin up to 150x on BTC and ETH. Funded accounts only: total margin at most 25% of the initial balance and open positions worth at most 2x it. At every stage, low-cap coins (such as those under $100 million of market cap, or newly listed) at most 5% of the initial balance including leverage. Across a trader's accounts: up to $400,000 in evaluations and $200,000 funded. |
| 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. | No profit-distribution rule once funded. Funded accounts only: total margin across open positions at most 25% of the initial balance, and their total value at most 2x it; the first breach of either limit brings one formal warning, the next fails the funded stage. With no trade for 30 days the account fails. |
| 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 restarts the 30-day inactivity count. Profit above the per-payout maximum is not paid and does not carry over, so HyroTrader advises a request once profit reaches 5% of the initial balance. No page says how a payout changes the balance or the loss floors. |
| 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. | Within 24 hours, as HyroTrader publishes it. Identity verification (KYC) is a condition of any payout, and a payout can be withheld or delayed pending KYC, sanctions screening, tax certification or an investigation. |
| 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 challenge fee is not refunded once the challenge is activated, and no payout carries it back. |
| 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. | Before activation (starting the challenge on the platform), at any time and for any reason: the fee is returned in full within 14 days, with no deduction. An unactivated challenge expires after six months and is refunded in full. Once activated, the fee is not refunded. |
| 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. | No blackout window: trading during or around news releases is allowed, and positions need not be closed. A strategy may not rest solely on news trading or aim at exploiting a news event. |
| 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: nothing is closed at the end of the day or the week. The daily loss limit still resets at 00:00 UTC, so a position held overnight counts against the new day's starting equity. |
| 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. | Bots and automated strategies are allowed if the strategy is the trader's own, through the Bybit or BloFin demo API or on the Hyro platform; AI agents on Hyro only. Prohibited: someone else's strategy, ready-made bots, copy-trading services, account mirroring and signal providers, and mirror or coordinated trading across two or more accounts, the trader's own included. |
| 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. | A breach of a loss limit or the inactivity rule fails and closes the account, and profit left on it cannot be paid out. After a review HyroTrader can issue a warning, remove profits, adjust a payout, reduce the split for a time, reject withdrawals or terminate the account; hedging between accounts brings an immediate restriction with no refund and a ban. Losses on funded accounts are never owed back. |
| 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. | The same challenge on any of five, picked after buying: Hyro, HyroTrader's own platform on live Bybit market data, which needs no exchange account; the trader's own Bybit or BloFin demo account, connected by API; or the Tealstreet or Tiger.com terminal on Bybit market data, with API keys HyroTrader creates. The terminals are not available in the United States or where Bybit is restricted. HyroTrader decides which platforms a trader can use and may change that. |
| 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. | Hyro, HyroTrader's own platform, which needs no exchange account; a Bybit or BloFin demo account, or the Tealstreet or Tiger.com terminal (not in the United States or where Bybit is restricted), are the alternatives. Not for residents or citizens of, companies incorporated in, or anyone located in Afghanistan, Belarus, Burma (Myanmar), 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, Yemen or Zimbabwe, or the Crimea, Donetsk, Kherson, Luhansk and Zaporizhzhia regions of Ukraine; a further list of countries is served case by case. 18 or older. KYC with HyroTrader (Sumsub) after the pass, and a Demo Funded Trader Agreement, before the funded account. |
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