Prop firms
I get asked which prop firm to trade with and where to run the terminal, so here is the honest answer: these are the ones I use or have an arrangement with, and nothing is on this page because somebody paid for the slot.
How this works
If you sign up through a link here or use the code, the firm pays me a commission. It costs you nothing extra, and with most of these it gets you a better price than going direct. What I earn goes into the same place subscriptions go — machines and data licences, one box at a time, which you can see laid out on the build. So it funds three things at once: the firm gets a trader, you get the discount, and the next ingest site gets closer.
The part worth saying plainly: a page like this is usually sold to the highest bidder. This one is not, and it never will be, for the same reason the levels keep their misses — a recommendation you can buy is worth nothing to the person reading it.
Which is also why the table further down quotes their rules rather than mine. Every figure in it was read off the firm’s own live pages and is sourced back to them. Where I have not read it, the cell says so instead of guessing.
Separately from funding: if you need somewhere to run the terminal that doesn't sleep, drop Wi-Fi, or belong to the rest of the household, I've written up the machine Sharpnel itself runs on — including where hosting genuinely helps and where it doesn't. Same disclosure rules as this page.
Prop firm
Qualification accounts on a monthly subscription that convert to a Master Account on a one-time activation fee. Execution runs through Rithmic. The trader picks a trailing or an end-of-day drawdown at purchase, and the two behave differently enough that they get a column each below.
The code depends on the plan
Terms read on Pricing, Qualification account, Master account, Funded account, Connection, 31 July 2026.
Open Bulenox
Prop firm
Three families on sale: Express to Live on a static drawdown that converts to a live account on the first payout, plus Fundamental and Premium on end-of-day trailing. The data route is chosen at checkout and Phidias publishes that it cannot be changed afterwards, which makes it a decision you take before paying.
Terms read on Rules, Accounts, Supported platforms, 31 July 2026.
Open Phidias
Prop firm
Evaluation accounts in two families, Pro and Flex, at 25K and 50K — the products Lucid names in its own affiliate dashboard. Its rules and pricing pages sit behind a browser check I could not read from the box, so nothing about the terms is quoted here yet.
Terms live on Lucid Trading. I have not finished a source-by-source check here, so every field in the table is a dash. The gap is mine, not theirs.
Open Lucid TradingNot the account size. The drawdown type. It decides more about whether an account survives a normal week than the headline number does, and two firms quoting the same $2,000 are describing two different things if one recalculates at the close and the other follows your peak while a position is open.
These are different mechanics rather than better and worse ones. The same dollar figure behaves differently under each, which is why the table below states the type next to the amount instead of scoring anybody out of five. The thing worth checking on your own account is which one you bought — on some of these firms it is a choice you make at the checkout, and on one of them the choice is final.
Platform support
This is the part I can answer that a generic comparison cannot. I build the studies that draw the gamma levels inside four charting platforms, so I care about exactly one question a review site never asks: will the chart you already have set up show you a gamma wall on that firm’s account? A firm can have the friendliest drawdown on the list and still be the wrong choice if it does not run your platform.
Read the column labels carefully, because there are two different claims in this table and only one of them is a walkthrough. A firm putting a logo in a supported-platforms panel is not the same as a firm publishing how to connect it. Bulenox is the clearest case: all four platforms appear in their panel, and two of them have a setup guide.
The studies themselves, with install steps per platform, are on the gamma levels page. One API key covers all four.
| Firm | Sierra Chart | NinjaTrader 8 | Quantower | MotiveWave |
|---|---|---|---|---|
| Bulenox | Listed onlyIn the “Other Supported Platforms” panel on their connection page. That panel is 21 logo images with no text at all — no setup guide, and no statement of which account types it covers. I read the logo artwork off their own server to confirm which platforms it names. | Listed + setup publishedA full “NINJATRADER CONNECTION (Free License)” section with step-by-step setup, down to selecting the Rithmic brokerage and unchecking plug-in mode. Their FAQ: “While using the Master account, we provide a free license for the NinjaTrader 8 trading platform.” Published as Windows only, and their OCO warning is worth reading before you rely on a resting stop. | Listed onlyIn the same 21-logo panel, with no accompanying text. Their only two documented connection routes are Rithmic R|Trader and NinjaTrader 8. | Listed onlyIn the same 21-logo panel, with no accompanying text. Whether it reaches Rithmic in a way Bulenox treats as a third-party API is the open question below. |
| Phidias | Listed + setup publishedNamed in Phidias's supported-platforms article, and on the Rithmic route in their buy configurator: “COMPATIBLE PLATFORMS: Quantower · MotiveWave · ATAS · Sierra Chart · Bookmap · Jigsaw”. They also publish a dedicated “SierraChart connexion” article with a starter PDF. | Listed onlyOn the Tradovate route rather than Rithmic: “COMPATIBLE PLATFORMS: Tradovate · TradingView · NinjaTrader”. Named in their English platforms article and absent from their French one. I found no dedicated NinjaTrader connection guide. Because the route is fixed at purchase, this is the one to pick at checkout if NinjaTrader is your chart. | Listed + setup publishedNamed as “Quantower (free version)” in both the English and French platforms articles, on the Rithmic route, with a dedicated “Quantower connexion” article and PDF. | Listed onlyNamed in both the English and French platforms articles and on the Rithmic route in the buy configurator. I found no dedicated MotiveWave connection guide, so it is named rather than walked through. |
What the four labels mean
All four firms reach the exchange through a data route rather than through the chart itself, which is why a platform can appear under one route and not another. Phidias publishes that the route is picked at checkout and cannot be changed afterwards, so on that firm the platform decision comes before the payment.
An open question for Bulenox
Bulenox publishes a charge I cannot map onto their platform list, and since it decides what my own study costs to run there, I would rather print the question than guess at the answer. Under the heading “Using Trade Copiers, Algorithms, Strategies, Bots” their qualification-account page says: “If a Trader choose to connect to Rithmic through a Third-Party API or Trader Composite Software, a $100 monthly fee applies.”
The term is never defined on their site, and no page maps the 21 logos in their supported-platforms panel to fee-bearing or fee-free. NinjaTrader 8 has its own documented route with a free licence and is not described that way. What is unpublished is whether Sierra Chart, Quantower or MotiveWave — the three that reach Rithmic without a documented Bulenox route — fall inside that clause. On a $145/month account, $100 is not a rounding error.
I do not know the answer, and nothing on their site settles it. If I get it from them in writing I will publish it here with the date. Until then, ask them yourself before you subscribe, and do not read this page as either answer — not as a warning that the fee applies, and not as reassurance that it does not.
Published terms
Their words, not mine. The columns are products rather than firms, because these three sell six different things between them and a merged column would state a figure that is true of none of them. Bulenox gets two columns for the drawdown option you pick at purchase, Phidias three for its families, and Lucid one.
It scrolls sideways. There is no version of this that fits on a phone without hiding something, and hiding something is the one thing a rules table cannot do.
| Term | BulenoxQualification · Option 1 (No Scaling) | BulenoxQualification · Option 2 (EOD) | PhidiasExpress to Live | PhidiasFundamental | PhidiasPremium | Lucid TradingPro / Flex Eval |
|---|---|---|---|---|---|---|
| Account sizes | $25K · $50K · $100K · $150K · $250KMax position published per tier alongside the price under this option: 3 · 7 · 12 · 15 · 25 contracts. Standard and micro contracts can be traded at the same time, and Bulenox publishes that 1 standard equals 10 micros. The instrument list names ES, NQ, MES and MNQ. A $10,000 tier still appears in their help-centre text but its pricing card does not render on the live page — see the sourcing note below the table. | $25K · $50K · $100K · $150K · $250KUnder this option the contract cap scales with cash on hand rather than sitting flat. Their published $100K ladder: $0–$2,000 three contracts · $2,001–$3,000 five · $3,001–$5,000 eight · $5,001+ twelve. The instrument list names ES, NQ, MES and MNQ. A $10,000 tier still appears in their help-centre text but its pricing card does not render on the live page — see the sourcing note below the table. | $25K · $50K · $100K · $150KMax position 2 · 5 · 7 · 9 E-mini (20 · 50 · 70 · 90 micro). Up to 5 CASH or LIVE E2L accounts, and Phidias publishes that an E2L 150K counts as one slot rather than two. Evaluation accounts are published with no limit. (§3, §15, §20) | $50K · $100K · $150KMax position 10 · 14 · 17 E-mini (100 · 140 · 170 micro). Up to 5 CASH Fundamental accounts, and Phidias publishes that a 150K CASH account counts double toward that cap. (§16, §20) | $50K · $100K · $150KMax position 10 · 14 · 17 E-mini (100 · 140 · 170 micro). Up to 5 CASH Premium accounts, with a 150K CASH account counting double toward that cap. (§17, §20) | Not confirmednot confirmed |
| Profit target | $1,500 · $3,000 · $6,000 · $9,000 · $15,000By account size, smallest to largest — the same order runs down every numeric row in this column. Published per tier on the pricing table. | $1,500 · $3,000 · $6,000 · $9,000 · $15,000By account size, smallest to largest — the same order runs down every numeric row in this column. Published per tier on the pricing table. | $1,500 · $2,500 · $3,500 · $4,500Hit on the evaluation and again on the funded CASH account before the “Switch to Live” step. These targets run 3x to 4.5x the static drawdown on the same size, which is unusual enough to state plainly. (§15) | $4,000 · $6,000 · $9,000Evaluation profit target, published per size. (§16) | $4,000 · $6,000 · $9,000Same evaluation targets as Fundamental. (§17) | Not confirmednot confirmed |
| Minimum days to pass | Their own pages differBulenox publishes “There are no minimum trading days requirement to get Master account” and “The Trader can trade until the profit target is reached.” Their Master Account page publishes “Make sure that the profit target on your account has been reached and you have at least 1 trading day.” Ask them which governs. A trading day is counted only when a trade has been opened, and verification is published as taking up to 24 hours. | Their own pages differBulenox publishes “There are no minimum trading days requirement to get Master account” and “The Trader can trade until the profit target is reached.” Their Master Account page publishes “Make sure that the profit target on your account has been reached and you have at least 1 trading day.” Ask them which governs. A trading day is counted only when a trade has been opened, and verification is published as taking up to 24 hours. | Published three waysTheir rules page publishes “Min. Trading Days — None”, the E2L card on their accounts page shows “0 — DAYS TO PASS”, and the comparison table on that same accounts page shows “Min. Trading Days (Eval) 1”. Their own pages differ; ask them which binds. (§15, /accounts) | 3 in the evaluationPublished as “Min. Trading Days (Eval) 3”, with “Min. Trading Days (Funded) 10” on the funded account. Their rules page also carries a general tile reading “Min. Trading Days to Pass — 3 days” that conflicts with the other families' tables; the per-family figure is the one I publish. (§3, §16) | 1 in the evaluationPublished as “Min. Trading Days (Eval) 1”, with “Min. Days Between Payouts (Funded) 5”. (§17) | Not confirmednot confirmed |
| Drawdown type | Trailing, in real time, including open positionsPublished: “The trailing drawdown will always follow the current balance. Threshold is trailing for realized and non-realized gains, which is equal to your profit.” and “The drawdown is recorded in real-time during the trading day and includes a commission.” Their worked example: “the maximum you can lose is $3,000 from the maximum profit point at any given time, including open positions… The maximum drawdown will always move $3,000 from the highest account balance.” If your balance decreases the allowable drawdown is published as unchanged. | Trailing, end of dayPublished: “The EOD will only take into account when the profit is made at the end of the trading day. It is updated when your account balance reaches a new high at the end of the trading day.” and “The EOD drawdown will always follow the balance at end of the day, which is equal to your profit.” It stops moving once it reaches the initial balance plus $100. Neither Bulenox option is static. | Static — never trailsPublished: “Every E2L account uses a fixed static drawdown (never trails), has zero minimum trading days, no consistency rule, and allows news trading at every stage.” The formula is published as “Liquidation Threshold = Initial Capital − Static Drawdown”, and their end-of-day rules carry an explicit carve-out: “The EOD rules described above do not apply to E2L accounts.” (§4, §15) | End-of-day trailingPublished: “Your authorized drawdown is calculated at the end of each trading day, and this calculation does not change during the day… the drawdown is calculated taking into account only the profits realized at that time, excluding unrealized profits.” Intraday behaviour is published explicitly: “Your liquidation price remains fixed for the day.” Their example: a $50,000 account starting at a $47,500 floor still allows a $3,500 loss for the rest of the day after a $1,000 morning gain. The session ends at 10:00 PM UTC+2. (§4) | End-of-day trailingSame mechanism as Fundamental: calculated at the end of each trading day on realised profit only, fixed for the duration of the day, session ending 10:00 PM UTC+2. (§4) | Not confirmednot confirmed |
| Max drawdown | $1,500 · $2,500 · $3,000 · $4,500 · $5,500The same amount applies under either option — what changes is how it moves, not how big it is. Restated on the Master Account page as the “Trailing and EOD Drawdown Amount”. On the Master Account the drawdown stops moving once it reaches the starting balance plus $100. | $1,500 · $2,500 · $3,000 · $4,500 · $5,500The same amount applies under either option — what changes is how it moves, not how big it is. Restated on the Master Account page as the “Trailing and EOD Drawdown Amount”. On the Master Account the drawdown stops moving once it reaches the starting balance plus $100. | $500 · $650 · $800 · $1,000With the liquidation level published alongside each: $24,500 · $49,350 · $99,200 · $149,000. All four reconcile against their own formula. (§15) | $2,500 · $3,000 · $4,500On funded accounts the trail stops at $50,100 for a 50K and $100,100 for a 100K. Phidias publishes no equivalent stop-trail figure for the 150K, so I am not carrying one across. On evaluation accounts “The EOD Drawdown always persists until the end of the evaluation.” (§4, §16) | $2,500 · $3,000 · $4,500Identical to Fundamental at every size. On funded accounts the trail stops at $50,100 for a 50K and $100,100 for a 100K; no 150K stop-trail figure is published. (§4, §17) | Not confirmednot confirmed |
| Daily loss limit | Not published for this optionBulenox publishes daily loss limits under Option 2 only. An absence of a published limit is not the same as there being none — ask them before you assume either way. | $500 · $1,100 · $2,200 · $3,300 · $4,500Published: “Daily loss is based on your Profit and Loss, it includes commissions and real-time/unrealized trades, for each trading day from 5:00 p.m. to 4:00 p.m. Central Time.” Hitting it is published as a suspension rather than a failure — “the account will be suspended for the remainder of the trading day and will not count as a rule violation.” It is removed on the Master Account once the drawdown threshold reaches the starting balance. A $400 line for a 10K account is also published, though that tier no longer renders on the pricing table. | NonePublished as “Daily Loss Limit — None” in the E2L table, and again in §10: “E2L accounts have no profit consistency rule and no daily loss limit.” The binding daily constraint is the static liquidation threshold itself, which never moves. (§10, §15) | NonePublished as “Daily Loss Limit — None”. The inverse constraint is the one to know: on a funded account a day only counts toward payout eligibility if it shows positive P&L of at least $150 · $200 · $250 by size. (§12, §16) | NonePublished as “Daily Loss Limit — None”. On a funded account a day counts toward payout eligibility only with positive P&L of at least $150 · $200 · $250. (§12, §17) | Not confirmednot confirmed |
| Evaluation cost | $145 · $175 · $215 · $325 · $535 per monthList prices as printed on the pricing table. The $50K and $100K cards carry a lower price on the same card behind a coupon — $125 with coupon “$50OFF” and $155 with coupon “$60OFF”. The subscription renews every 30 days until cancelled; cancelling leaves the account live to its expiry date, terminating deletes it. Card, PayPal or crypto. Bulenox publishes “After registering and using our service, no refunds are allowed.” Commissions from their own rate card, per side: ES $2.09 · NQ $2.09 · MES $0.61 · MNQ $0.61. Non-professional traders pay nothing for exchange data; professionals pay a fee Bulenox publishes at two different amounts — see the note below the table. | $145 · $175 · $215 · $325 · $535 per monthList prices as printed on the pricing table. The $50K and $100K cards carry a lower price on the same card behind a coupon — $125 with coupon “$50OFF” and $155 with coupon “$60OFF”. The subscription renews every 30 days until cancelled; cancelling leaves the account live to its expiry date, terminating deletes it. Card, PayPal or crypto. Bulenox publishes “After registering and using our service, no refunds are allowed.” Commissions from their own rate card, per side: ES $2.09 · NQ $2.09 · MES $0.61 · MNQ $0.61. Non-professional traders pay nothing for exchange data; professionals pay a fee Bulenox publishes at two different amounts — see the note below the table. | $88 · $278 · $318 · $398 per month, or $277 · $723 · $900 · $1,125 one timePublished list prices. A limited-time promotion was running when I read this — 80% off the one-time prices with a code shown in their header — so the figures at checkout were lower on the day. I publish the list price because a discount expires and a stale price is worse than a high one. The monthly subscription is published as recurring while the account is neither validated nor cancelled. Commissions per side on the Rithmic route: ES $2.20 · NQ $2.20 · MES $0.79 · MNQ $0.79. (§3, §8, /accounts) | $164 · $273 · $420 per month, or $580 · $723 · $863 one timePublished list prices; a limited-time promotion was running when I read this, so checkout was lower on the day. Their own comparison table corroborates the one-time path at a starting price of $116, which is the $580 figure after the promotion. (§3, /accounts) | $329 · $411 · $570 per month, or $723 · $900 · $1,123 one timePublished list prices; a limited-time promotion was running when I read this. Their comparison table gives a Premium starting price of $144.60, which is the $723 one-time figure after that promotion. (§3, /accounts) | Not confirmednot confirmed |
| Activation / funded fee | $143 · $148 · $248 · $498 · $898, one time on conversionPublished as “no monthly cost, just a one-time activation fee that includes a data feed and maintenance fee” once the Qualification Account converts to a Master Account, at which point the subscription is cancelled by the administrator. Their own pages differ on scope: the Master Account page applies the fee to both options, while the Qualification page publishes the same list plus a $10,000 line and scopes it to Option 2 only. Ask them which applies. No separate fee is published for the later Funded Account stage. | $143 · $148 · $248 · $498 · $898, one time on conversionPublished as “no monthly cost, just a one-time activation fee that includes a data feed and maintenance fee” once the Qualification Account converts to a Master Account, at which point the subscription is cancelled by the administrator. Their own pages differ on scope: the Master Account page applies the fee to both options, while the Qualification page publishes the same list plus a $10,000 line and scopes it to Option 2 only. Ask them which applies. No separate fee is published for the later Funded Account stage. | $83 · $149 · $149 · $169, lifetime per accountPublished as “Lifetime on each account (one-time payment per account until failure, no monthly fees)”, and waived entirely on the one-time payment path — “No activation fees for switching to CASH account.” On a LIVE account derived from E2L, Phidias publishes “Monthly Fees — $122/month (waived)”. (§13, §15) | $149 · $149 · $169, lifetime per accountWaived on the one-time payment path — their FAQ: “One-time payment means no monthly fees and $0 activation fee.” (§13, §16) | $149 · $149 · $169, lifetime per accountWaived on the one-time payment path. (§13, §17) | Not confirmednot confirmed |
| Reset cost | $78, or free on the billing datePublished: “If a rule in the Qualification Account is violated before the next billing date, the account will be reset for free on the specific billing date… If the trader wants to reset the account at any other time, it will cost $78.” A reset updates the starting balance; previous gains, losses and active trading days do not carry. No reset exists after conversion — “The trailing rules for the Master Account are the same as for the Qualification Account, except that there is no option to reset the account.” | $78, or free on the billing datePublished: “If a rule in the Qualification Account is violated before the next billing date, the account will be reset for free on the specific billing date… If the trader wants to reset the account at any other time, it will cost $78.” A reset updates the starting balance; previous gains, losses and active trading days do not carry. No reset exists after conversion — “The trailing rules for the Master Account are the same as for the Qualification Account, except that there is no option to reset the account.” | Not confirmednot confirmedPhidias's buy configurator carries a reset value of 0 for all four E2L sizes, which could mean not offered or free, and no Phidias page says which in prose. Confirmed reset prices exist only for Fundamental and Premium. Their rules page does publish, generally: “Failed Evaluation? — Purchase a reset or wait 30 days for automatic reset.” After a LIVE account derived from E2L fails, a new E2L challenge cannot be bought for one month. | $40 · $64 · $104 after a failed evaluationThese prices come from the Phidias buy configurator; no reset price is published in prose that I could find. Their rules page publishes the option generally: “Failed Evaluation? — Purchase a reset or wait 30 days for automatic reset.” An evaluation that is still running after 30 days is extended by paying again, and realised results are kept. No CASH account reset exists on this family. (§3, §16) | $40 · $64 · $104 evaluation resetPremium also carries a CASH account reset the other families do not: $399 · $499 · $599, once per account, available only within 24 hours of liquidation — “After that window closes, the account is removed from the trader's dashboard and the reset is no longer available.” Evaluation reset prices come from the buy configurator rather than prose. (§16, §17) | Not confirmednot confirmed |
| Payouts | Requested any time, processed weekly on WednesdaysAt least ten individual trading days first, $1,000 minimum. The first three payouts are capped at $1,000 · $1,500 · $1,750 · $2,000 · $2,500 by size, after which no maximum is published. A safety threshold reserve must remain in the account to withdraw at all: $1,600 · $2,600 · $3,100 · $4,600 · $5,600. ACH or wire, PayPal, Wise. At the later Funded Account stage the gate is five trading days rather than ten, and balance caps apply: $2,500 · $5,000 · $10,000 · $15,000 · $25,000. | Requested any time, processed weekly on WednesdaysAt least ten individual trading days first, $1,000 minimum. The first three payouts are capped at $1,000 · $1,500 · $1,750 · $2,000 · $2,500 by size, after which no maximum is published. A safety threshold reserve must remain in the account to withdraw at all: $1,600 · $2,600 · $3,100 · $4,600 · $5,600. ACH or wire, PayPal, Wise. At the later Funded Account stage the gate is five trading days rather than ten, and balance caps apply: $2,500 · $5,000 · $10,000 · $15,000 · $25,000. | A fixed bonus at “Switch to Live”, not the standard payout processPublished: “Express to Live (E2L) accounts use a separate automatic bonus system… the standard payout rules do not apply to E2L.” The bonuses are $1,000 + $500 LIVE credit · $2,000 + $1,000 · $3,000 + $1,500 · $4,500 + $2,000, credited automatically with no withdrawal request, no minimum trading days and no balance threshold. Once on the LIVE account: “LIVE Payout — Every day, no max limit ($500 min)”, paid through RISEWORKS.io. (§12, §15) | $500 minimum, 10 trading days between payoutsPaid through RISEWORKS.io. The account has to reach $52,600 · $103,700 · $154,500 to request, the balance floor after withdrawal is $50,100 · $100,100 · $150,100, and the per-period maximum is $2,000 · $2,500 · $2,750 — “If you have multiple accounts, you can withdraw up to the maximum amount from each account during each payment period.” A day counts only with positive P&L of at least $150 · $200 · $250. The move to a LIVE account is published as discretionary: eligibility for consideration at 5 successful payouts or $100,000 cumulative profit, with “the final decision rests with the Phidias risk management team”. (§12, §14, §19) | $500 minimum, 5 trading days between payoutsSame thresholds, floors and per-period caps as Fundamental: request at $52,600 · $103,700 · $154,500, floor at $50,100 · $100,100 · $150,100, maximum $2,000 · $2,500 · $2,750 per period. Paid through RISEWORKS.io. The LIVE transition is published as discretionary and initiated by Phidias, not requested by the trader. (§12, §17, §19) | Not confirmednot confirmed |
| Profit split | First $10,000 at 100%, then 90 / 10Published: “The first $10,000 earned is withdrawn to the Trader's bank account without any commission. After the withdrawal of the first $10,000, the company's commission is 10% of the profit, the remaining 90% is received by the Trader.” Each tier card restates it as “First $10,000 100%”. | First $10,000 at 100%, then 90 / 10Published: “The first $10,000 earned is withdrawn to the Trader's bank account without any commission. After the withdrawal of the first $10,000, the company's commission is 10% of the profit, the remaining 90% is received by the Trader.” Each tier card restates it as “First $10,000 100%”. | 80 / 20The bonus payout is published as subject to the 80/20 split, and the LIVE account derived from E2L carries “Profit Split — 80% Trader / 20% Phidias”. (§12, §15) | 80 / 20Published as fixed on this family, in both §12 and §16. | Progressive, 75% rising to 100%Published ladder: payout 1 at 75/25, payout 2 at 80/20, payout 3 at 85/15, payout 4 at 90/10, payout 5 onwards at 100/0. The qualifier travels with the number — Phidias publishes “The split applies to the payout cap for the account size”, so from the fifth payout the trader keeps the full per-period cap ($2,000 · $2,500 · $2,750), not unlimited profit. (§12, §17) | Not confirmednot confirmed |
| Consistency rule | 40% at every payout, on the Master AccountPublished: “the balance in the Master Account must not consist of more than 40% of the total profit balance from a single trading day”, calculated as best day divided by total profit. Missing it blocks the payout rather than the account — “it will not violate the account. Instead, the trader can continue to trade to generate more profit.” The safety threshold counts toward the 40% on a first withdrawal. No consistency rule is published for the qualification stage. | 40% at every payout, on the Master AccountPublished: “the balance in the Master Account must not consist of more than 40% of the total profit balance from a single trading day”, calculated as best day divided by total profit. Missing it blocks the payout rather than the account — “it will not violate the account. Instead, the trader can continue to trade to generate more profit.” The safety threshold counts toward the 40% on a first withdrawal. No consistency rule is published for the qualification stage. | NonePublished: “The 30% Consistency Rule does not apply to Express to Live accounts (25K, 50K, 100K, 150K). E2L accounts have no consistency rule.” Separately, §10 publishes qualitative requirements that do apply to every family — consistency in position size and risk management, a ban on fully automated trading, and a requirement to trade the most recent liquid contract. Spread trading between two maturities on the same product is published as forbidden. (§10, §11, §15) | 30% on funded CASH accounts, none in the evaluationPublished: “No single day can exceed 30% of total profit”, over a minimum calculation period of 4 trading days, and going over is published as fixable by growing total profit rather than as a failure — “if you make $330 on your best day, you just need to increase your total profit from $1,000 to $1,100.” (§11, §16) | 30% on funded CASH accounts, none in the evaluationSame rule and worked example as Fundamental: no single day above 30% of total profit, minimum calculation period 4 trading days. (§11, §17) | Not confirmednot confirmed |
| Platforms named | Two documented routes, twenty-one logosRithmic R|Trader and NinjaTrader 8 each have a published step-by-step connection guide, and the NinjaTrader 8 licence is published as free on the Master Account. Sierra Chart, Quantower and MotiveWave appear in an “Other Supported Platforms” panel that is 21 logo images with no text at all. See the platform matrix above for what that distinction means. | Two documented routes, twenty-one logosRithmic R|Trader and NinjaTrader 8 each have a published step-by-step connection guide, and the NinjaTrader 8 licence is published as free on the Master Account. Sierra Chart, Quantower and MotiveWave appear in an “Other Supported Platforms” panel that is 21 logo images with no text at all. See the platform matrix above for what that distinction means. | Route chosen at checkout, and finalPhidias publishes three routes with their compatible platforms: Rithmic — Quantower · MotiveWave · ATAS · Sierra Chart · Bookmap · Jigsaw. Tradovate — Tradovate · TradingView · NinjaTrader. DeepCharts renders no compatible-platform strip. Published on changing route afterwards: “Non, il n'est pas possible de modifier votre souscription une fois celle-ci validée” — the choice is final for that account because the data-feed fees are committed to their partners on validation. Market data on evaluation and CASH accounts: top-of-book CME free, depth €11/month per exchange or €33/month for all four. | Route chosen at checkout, and finalPhidias publishes three routes with their compatible platforms: Rithmic — Quantower · MotiveWave · ATAS · Sierra Chart · Bookmap · Jigsaw. Tradovate — Tradovate · TradingView · NinjaTrader. DeepCharts renders no compatible-platform strip. Published on changing route afterwards: “Non, il n'est pas possible de modifier votre souscription une fois celle-ci validée” — the choice is final for that account because the data-feed fees are committed to their partners on validation. Market data on evaluation and CASH accounts: top-of-book CME free, depth €11/month per exchange or €33/month for all four. | Route chosen at checkout, and finalPhidias publishes three routes with their compatible platforms: Rithmic — Quantower · MotiveWave · ATAS · Sierra Chart · Bookmap · Jigsaw. Tradovate — Tradovate · TradingView · NinjaTrader. DeepCharts renders no compatible-platform strip. Published on changing route afterwards: “Non, il n'est pas possible de modifier votre souscription une fois celle-ci validée” — the choice is final for that account because the data-feed fees are committed to their partners on validation. Market data on evaluation and CASH accounts: top-of-book CME free, depth €11/month per exchange or €33/month for all four. | Not confirmednot confirmed |
| Overnight positions | Flat before 15:59 CTPublished twice on the same page, and not identically: “All positions must be closed before 15:59 (CT).” and “All open positions must be closed by 15:59 CST.” Before versus by, and CT versus CST, are a minute apart at the boundary; their own pages differ, so ask them which governs. The trading day is published as running 5:00 pm to 4:00 pm CT, with holidays and weekends not counting. | Flat before 15:59 CTPublished twice on the same page, and not identically: “All positions must be closed before 15:59 (CT).” and “All open positions must be closed by 15:59 CST.” Before versus by, and CT versus CST, are a minute apart at the boundary; their own pages differ, so ask them which governs. The trading day is published as running 5:00 pm to 4:00 pm CT, with holidays and weekends not counting. | Not allowed, overnight or over-weekPublished: “Express to Live — Overnight & over-week positions NOT allowed”, with “Failure to close a position before market close will result in account disqualification.” On LIVE accounts converted from E2L: “Overnight / Over-Week — Not permitted (unless agreed)”. (§5, §15) | Not allowedPublished: “Fundamental — All positions must be CLOSED before end of day”, with disqualification on failure to close. A trading-hours rule applies to this family only: CME Globex Sunday to Friday 11:00 PM–9:59 PM UTC, close all positions by 9:59 PM UTC, with a 60-minute daily break. (§5, §6) | Allowed, overnight and over-weekPublished: “Positions on Premium accounts can remain open overnight and over-week, with a lot size corresponding to the size of your account.” The trading-hours window that binds Fundamental is published as excluding Premium. (§5, §6) | Not confirmednot confirmed |
| News restrictions | No news rule is publishedA sweep of every Bulenox page I read, plus their Terms of Use and Risk Disclosure, returned no news-trading or economic-release restriction. That is an absence of a published rule, which is not the same as permission — the trader agreement sits behind signup and I could not read it. Ask them. | No news rule is publishedA sweep of every Bulenox page I read, plus their Terms of Use and Risk Disclosure, returned no news-trading or economic-release restriction. That is an absence of a published rule, which is not the same as permission — the trader agreement sits behind signup and I could not read it. Ask them. | Authorized on all accountsPublished under “Economic News Trading”, scoped to all accounts: “Yes, you are authorized to trade during news events on all accounts.” Each family's rules table repeats “News Trading — Authorized (Eval, CASH, LIVE)”. | Authorized on all accountsPublished under “Economic News Trading”, scoped to all accounts: “Yes, you are authorized to trade during news events on all accounts.” Each family's rules table repeats “News Trading — Authorized (Eval, CASH, LIVE)”. | Authorized on all accountsPublished under “Economic News Trading”, scoped to all accounts: “Yes, you are authorized to trade during news events on all accounts.” Each family's rules table repeats “News Trading — Authorized (Eval, CASH, LIVE)”. | Not confirmednot confirmed |
What a dash means
An em-dash marked “not confirmed” means I have not read that field on the firm’s own live pages, or the firm does not publish it at all. It never means zero, and it never means the firm has no such rule. Where I know why the cell is empty, the note under the dash says so. Where a firm publishes an explicit “None”, the cell says None — that is a published term, and it is a different thing from silence.
Where their own pages disagree
Every firm here contradicts itself somewhere, usually because an old page outlived a rule change. I show both figures and leave them both standing, because picking a winner would be me deciding which of their rules binds your account, and that is not a call I get to make. The ones worth knowing before you pay:
How I read Bulenox’s pages, and what it left out
A sourcing note about my method rather than about them. Bulenox runs a site where retired sections are switched off by wrapping them in an HTML comment instead of deleting them, so the content is still in the page source while being invisible to a visitor. A scrape reads those as live copy. I read the rendered page instead, which means three things you may find quoted elsewhere are deliberately absent from the table above: a ProjectX connection panel, a “Holding Position” rule allowing a position to be carried to the next day on a $10,000 account, and the $10,000 account tier itself. None of the three renders on the live site, so none of them is published as a current term here.
The $10,000 tier is the one that leaves a trail: its pricing card does not render, while their help centre still publishes a $400 daily loss limit, a $98 activation fee and a scaling row for it. I treat it as not on sale and note the leftovers rather than reconciling them, which is theirs to do.
Two more things the table could not hold
Automation
Phidias publishes its own version of the automation line: “The use of robots, fully automated trading algorithms, or any other form of automated trading is not permitted. Only semi-automated software is permitted, provided the trader actively monitors and manually adjusts all trades.” If you run anything unattended, that sentence is worth reading on their page before you buy.
Terms checked 31 July 2026
Prop firms change rules and payout terms often, and a page like this goes stale quietly. Two of these three had a promotion running on the day I read them, and I published the list prices rather than the discounted ones for exactly that reason. Read the current terms on the firm’s own site before you pay for an evaluation — the pages I read are linked under each firm above. If you find a figure here that no longer matches theirs, tell me and I will correct it and re-date the page.
Which links are which: the source links under each firm point at that firm’s own pages and carry no affiliate tag, so clicking one pays me nothing. The single “Open” link at the bottom of each card is the sponsored one, marked as such in the markup. Read the terms through the first set; buy through the second if this page was useful to you.
