How it works

How it works: from one challenge to your first payout.

You trade perpetual futures on a simulated account. Prove you can hit the target without breaking the loss limits, then trade a funded simulated account and keep most of the profit. Here is every step.

The five steps

Pick a size and pay once
Challenges come in $25,000, $50,000, $100,000, $150,000 simulated sizes, from $30 up to $229 for $150,000. It is a one time fee with no subscription. Pay by card or crypto (USDC, USDT, BTC, ETH and more); card payments appear as Funded With Forex, our parent brand. The fee buys access to the evaluation. It is not a deposit and it is not traded.
Trade the challenge
Your challenge account opens on Vera Charts, our perps trading terminal, straight from your dashboard. Trade 37 perpetual markets around the clock: crypto, plus stocks, metals, energy and two indices. Leverage runs from 5x to 10x depending on the market.
To pass, reach a 10% profit target without losing more than 3% in a day or 6% in total. There is no time limit and no minimum number of days. One day's profit counts toward the target up to 50% of it, so you pass over at least two winning days.
Pass, sign, verify
Hit the target and the challenge is passed. Sign the funded trader agreement and verify your identity once, online, with a government issued ID. It takes a few minutes and you only do it once.
Trade your funded simulated account
Your funded account is the same size as the challenge you passed. There is no profit target and no consistency rule. The loss limits stay the same: 3% in a day and 6% in total, static.
Request payouts
Keep 80% of the profit (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.

What is simulated and what is real

This is the part most people ask about, so here it is plainly.

Simulated

Your challenge account and your funded account
Every order, fill, position and balance
Profit and loss on the account

Real

The prices: live perpetual market data
The challenge fee you pay
Approved payouts, paid in USDC or by bank

No order you place is sent to an exchange, and no customer money is traded or held. That is why the fee is not a deposit, and why the loss limits exist: they are how a simulated account proves risk control before the firm pays out on it.

The platform

You trade on Vera Charts, a perps terminal built by our sister company. Prices, volume, open interest and funding come from live Hyperliquid perpetual markets, and your orders fill in the simulation against those prices. You open it from your dashboard, and perps traders have their own Vera Charts login.

You can look before you buy: the live BTC terminal is open to anyone, and the markets page lists every market with live prices.

What it costs to trade

A 0.03% commission per fill, plus a flat swap fee of 0.03% a day (charged hourly) while a position is open. No exchange funding and no monthly fee. Why swap and not funding?

If a challenge fails

Reaching the daily or total loss limit locks the account at once, open trades included. You can reset the same account from your dashboard for a fresh balance and clean history; the price is on your account card. The common reasons challenges fail, and how to avoid them, are in how to pass a crypto perps evaluation.

Know the rules first.

Every number in one place, with live prices for every size.

Start a challenge See the rules

The five steps

Pick a size and pay once

Challenges come in $25,000, $50,000, $100,000, $150,000 simulated sizes, from $30 up to $229 for $150,000. It is a one time fee with no subscription. Pay by card or crypto (USDC, USDT, BTC, ETH and more); card payments appear as Funded With Forex, our parent brand. The fee buys access to the evaluation. It is not a deposit and it is not traded.

Trade the challenge

Your challenge account opens on Vera Charts, our perps trading terminal, straight from your dashboard. Trade 37 perpetual markets around the clock: crypto, plus stocks, metals, energy and two indices. Leverage runs from 5x to 10x depending on the market.

To pass, reach a 10% profit target without losing more than 3% in a day or 6% in total. There is no time limit and no minimum number of days. One day's profit counts toward the target up to 50% of it, so you pass over at least two winning days.

Pass, sign, verify

Hit the target and the challenge is passed. Sign the funded trader agreement and verify your identity once, online, with a government issued ID. It takes a few minutes and you only do it once.

Trade your funded simulated account

Your funded account is the same size as the challenge you passed. There is no profit target and no consistency rule. The loss limits stay the same: 3% in a day and 6% in total, static.

Request payouts

Keep 80% of the profit (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.