Perps prop firm FAQ: questions, answered.
Short, straight answers about the challenge, the rules, fees, payouts and paying. If yours is not here, the chat in the corner reaches the team.
The basics
What is Funded With Perps?
A prop firm for perpetual futures traders, from the team behind Funded With Forex. You pass one challenge on a simulated account, then trade a funded simulated account and get paid a share of the profits.
Is this real trading?
No. Challenge and funded accounts are simulated: prices come from live perp markets, but your orders are never sent to an exchange and no customer money is traded or held. The challenge fee buys access to the evaluation; it is not a deposit. Approved payouts are real money.
What is a perpetual future?
A perpetual future (a perp) is a futures contract with no expiry date. You can go long or short with leverage and hold for as long as you like. On exchanges, a funding payment between longs and shorts keeps the perp price close to the spot price. On Funded With Perps you pay a flat swap fee instead of funding.
Who runs Funded With Perps?
Funded With Perps is a brand of Funded With Forex LLC, from the team behind Funded With Forex. Card payments appear as Funded With Forex, our parent brand.
The challenge
What are the rules?
Hit a 10% profit target without losing more than 3% in a day or 6% in total (static, it never trails). No time limit and no minimum trading days. One day's profit counts toward the target up to 50% of it, so you pass over at least two winning days. Losses count the moment they happen, open trades included.
How many phases are there?
One. Pass a single challenge and you get a funded simulated account of the same size. There is no second phase and no verification stage.
Is there a time limit or a minimum number of trading days?
No time limit and no minimum trading days. Take as long as you need. The consistency rule below means passing takes at least two winning days.
How does the consistency rule work?
On the challenge, one day's profit counts toward the target up to 50% of the target. On a $50,000 account the target is $5,000, so a single day can count for at most $2,500 of it. That means you pass over at least two winning days. Funded accounts have no consistency rule.
Do open trades count toward the loss limits?
Yes. Your equity is checked in real time, open positions included. Losing more than 3% in a day or 6% in total fails the account the moment it happens, even if the trade is still open.
When does the trading day reset?
At midnight New York time. The daily loss limit starts fresh from then, at 3% of your equity at that moment.
What happens if I break a rule?
Losing more than 3% in a day or 6% in total locks the account immediately, server side. You can reset it from your dashboard for a fresh balance and clean history. The reset price is shown on your account card.
Which trading styles are allowed?
Scalping, swing trading and copy trading between your own accounts (with the Copy Helper) are all welcome. Not allowed: bots or any automated access, high frequency or latency abuse, hedging across accounts to guarantee one passes, and coordinated group passing. Breaking these blocks payouts and can end the account.
Markets, leverage and fees
Which markets can I trade?
Perpetual futures on crypto (BTC, ETH, SOL, HYPE, XRP, DOGE and more), plus stocks (NVDA, TSLA, AAPL, META…), gold, silver, copper, oil, natural gas and the S&P 500 and US Tech 100, all priced from live perp markets and tradable around the clock. 37 perpetual markets in total.
How much leverage do I get?
Leverage is set per market to keep the challenge fair: BTC, ETH: up to 10x; Gold, silver, copper, oil, natural gas: up to 10x; S&P 500, US Tech 100: up to 10x; Other crypto (SOL, HYPE, XRP, DOGE…): up to 5x; Stocks (NVDA, TSLA, AAPL, META…): up to 5x.
Are there funding fees?
No exchange funding. You pay a 0.03% commission per fill and a small fixed swap fee (0.03% a day, charged hourly) while a position is open. Nothing else.
Where do the prices come from?
From live Hyperliquid perpetual markets, the same feed our markets page shows. Your orders are filled in the simulation against those live prices. Nothing is sent to an exchange.
Which platform do I trade on?
Vera Charts, our perps trading terminal, opened from your dashboard. Perps traders have their own Vera Charts login. Anyone can look at the live terminal before buying.
Funded accounts and payouts
What changes once I am funded?
Your funded simulated account is the same size as the challenge you passed. There is no profit target and no consistency rule. The loss limits stay: 3% in a day and 6% in total, static.
How do payouts work?
Keep 80% of profits (90% with the upgrade). After 5 qualifying days (each +$250 or more), request from your dashboard, from $125, paid in USDC or by bank. Your payout page shows the exact amount available before you request.
Do I need to verify my identity?
Yes, once, before your funded account opens or your first payout: you sign the funded trader agreement and verify a government issued ID online in a few minutes. Nothing is needed to buy or trade a challenge.
Buying a challenge
How much does a challenge cost?
One time fee, no subscription: $25,000 for $30 (list $50), $50,000 for $55 (list $92), $100,000 for $110 (list $184), $150,000 for $229 (list $382). Prices shown include the FWF40 code (40% off), which checkout applies for you. The full ladder is on the rules page.
How do I pay?
Card, or crypto (USDC, USDT, BTC, ETH and more). Card payments appear as Funded With Forex, our parent brand.
Is there a multi-account deal?
Yes. Buy 2, get 1 free: every 3rd challenge in your cart is on us. No code needed.
Every rule in table form is on the rules page. The full step by step is on how it works.
Still deciding?
Read how a perps prop firm works from start to payout, or pick a size and start today.