Perps challenge rules, all on one page.
One step. A 10% target, a 3% daily loss limit and a 6% max loss that never trails. Every account is simulated, every rule is the same on every size, and every number below is the one the platform enforces.
Account sizes and prices
One time fee, no subscription. The fee buys access to the evaluation; it is not a deposit. Prices include the FWF40 code (40% off), which checkout applies for you.
| Account | Price | Profit target | Daily loss (day one) | Max loss | Buy |
|---|---|---|---|---|---|
| $25,000 | $2,500 | $750 | $1,500 | Start 25K | |
| $50,000 | $5,000 | $1,500 | $3,000 | Start 50K | |
| $100,000 | $10,000 | $3,000 | $6,000 | Start 100K | |
| $150,000 | $15,000 | $4,500 | $9,000 | Start 150K |
Buy 2, get 1 free. Every 3rd challenge in your cart is on us. No code needed. Your funded account is the same size as the challenge you pass.
Challenge and funded rules
The challenge has one phase. Once you pass you trade a funded simulated account with the same loss limits, no profit target and no consistency rule.
| Rule | Challenge | Funded |
|---|---|---|
| Profit targetWhat you need to make to pass. | 10% | None |
| Daily loss limitMost you can lose in one trading day, open trades included. | 3% of equity at the start of the day | 3% of equity at the start of the day |
| Max lossMost the account can lose in total, from the starting balance. | 6%, static | 6%, static |
| Drawdown typeStatic means the floor is fixed on day one and never moves up behind your profits. | Static, never trails | Static, never trails |
| Time limitHow long you have to pass. | None | None |
| Minimum trading daysDays you must trade before you can pass. | None | None |
| Consistency ruleHow much of the target one day can count for. | One day counts for up to 50% of the target | None |
| Daily resetWhen a new trading day starts. | Midnight New York time | Midnight New York time |
| How losses are measuredBreaches are checked on equity, not only on closed trades. | Real time, open positions included | Real time, open positions included |
| PhasesHow many stages before you are funded. | One | Not applicable |
How the loss limits work
The max loss is a fixed dollar amount, set from the starting balance: 6% of a $25,000 account is $1,500, so that account fails at $23,500 and the number never changes. It is static: if you are up, the floor does not climb behind you, so a normal pullback from a new high cannot end the account.
The daily loss limit is 3% of your equity when the trading day starts (Midnight New York time). On day one of a $25,000 account that is $750. As your equity grows, the daily allowance grows with it.
Losses count the moment they happen. Equity is checked in real time with open positions included, so a trade that is still open can breach a limit. Reaching either limit locks the account straight away. You can reset it from your dashboard.
How the consistency rule works
On the challenge, one day's profit counts toward the target up to 50% of the target. You can make more than that in a day; the extra just does not count toward passing. In practice it means you pass over at least two winning days. There is no consistency rule on a funded account.
Profit split and payouts
| Item | Detail |
|---|---|
| Profit split | 80% to you, 90% with the upgrade |
| Payout requests | After 5 qualifying days (each +$250 or more), from your dashboard |
| Minimum payout | $125 |
| Paid in | USDC or by bank |
| Before your first payout | Sign the funded trader agreement and verify your identity once, online |
| How much you can request | Your payout page shows the exact amount available before you request |
Accounts are simulated. Approved payouts are real money, paid from the firm under the funded account terms.
Leverage by market
Leverage is set per market group to keep the challenge fair.
| Markets | Max leverage |
|---|---|
| BTC, ETH | 10x |
| Gold, silver, copper, oil, natural gas | 10x |
| S&P 500, US Tech 100 | 10x |
| Other crypto (SOL, HYPE, XRP, DOGE…) | 5x |
| Stocks (NVDA, TSLA, AAPL, META…) | 5x |
See every market, live, on the markets page.
Trading costs
| Fee | Amount |
|---|---|
| Commission | 0.03% of the trade's notional value, per fill |
| Swap fee | 0.03% of the position's notional value per day while it is open, charged hourly |
| Exchange funding rates | None |
| Monthly subscription | None |
Why a flat swap fee instead of funding? It is predictable: the cost of holding never flips with the market. The full reasoning is in perps funding and swap fees explained.
What is allowed
Welcome
- Scalping
- Swing trading
- Copy trading between your own accounts with the Copy Helper
Not allowed
- Bots or any automated or scripted access
- High frequency trading or latency abuse
- Hedging across accounts to guarantee one passes
- Coordinated group passing
Breaking these blocks payouts and can end the account. Full terms: terms of service and risk disclosure.
Pick a size and start.
Same rules on every size, from $30. Pay by card or crypto.