Vest Markets

Vest Markets is unusual among perps prop firms because the same company describes a derivatives exchange and a funded program, which makes the status of a funded account the first thing to pin down. Documentation for its Vest Capital program promises real Vest capital, not simulated, on any Live Funded Account. The prop terms of service from Vest Exchange Inc., a Panama corporation, say the opposite and carry more weight: all accounts, including Instant Funded Accounts, are simulated, no real trading capital is credited to the user, and the program is a virtual trading and signal generation platform. Vest Markets also states that compensation comes from general corporate funds and that it does not represent payouts as funded by profitable live trading. Perpetual futures are offered across equities, crypto, commodities and FX, with Coinbase, Jane Street and Portal Ventures shown as backers.

Funding on the Vest Markets exchange settles hourly between longs and shorts, combining a market-specific base interest rate with a premium: crypto carries a 10.95% annual rate, CME futures 0% and other markets 5%, and base interest can continue over weekends and trading locks. The terms treat funding charges as modeled inputs to simulated performance, which can affect virtual balances and drawdowns. Leverage reaches 100x on Primary Accounts and 75x on Funded Accounts, depending on the market. Non-crypto positions follow the standard weekend market schedule; crypto trades continuously through weekends. XRP is unavailable on funded accounts; the overview also lists HYPE, while the leverage table gives HYPE a 5x funded limit, and API trading is unavailable in both the evaluation and Live stages.

There are two routes to a funded account. The 1-step evaluation path, on Silver $5,000, Gold $10,000 or Platinum $25,000 tiers, is configured at purchase with a 10% or 20% profit target, a 3%, 4% or no daily loss limit, and an 80% or 90% profit split, while a fixed 2-step option asks for 10% then 5%. Max drawdown is 6% of capital and static. Instant funding skips the evaluation for a one-time payment equal to the drawdown: $10 for $500 at 2%, then 4% on $5,000 to $25,000, with no daily limit and a flat 95% split. The marketing page also shows $50,000 tiers that the Account Tiers documentation omits, though the documented trading competition includes $50,000 accounts. Where a daily loss limit applies, it uses a 20:00 ET reset balance that excludes unrealized PnL, equity is tested against the floor, and a withdrawal lowers that floor dollar-for-dollar. Breaching either limit closes the account with no warning or grace period.

Claiming profit at Vest Markets is a two-step payout: a Claim Profit request credits the split to the Primary Account in 24 hours, with open positions possibly needing to close first, and USDC can then be withdrawn to a wallet on a supported chain. There is no cap on frequency or amount, and claims are irrevocable. Live Funded Accounts have no time limit, and the pages read do not separately address the Evaluation Phase, each user may hold 10 Live Funded Accounts, and the refund window is 3 days from purchase under the terms and only before any virtual trade; the homepage FAQ instead says 28 days. Users in Cuba, North Korea, Iran, Russia, Syria and the Philippines are excluded.