How Profirms Perps accounts work

This page is the whole deal. Every number on a Perps pricing card, in our chat assistant and in section 17 of our Terms comes from the same rulebook. If a rule is not written here, it is not a rule.

1. The four tiers at a glance

A perpetual future (a "perp") is a contract that tracks a coin's price with no expiry, so you can hold a long or a short for as long as you like. Profirms Perps accounts are single-phase evaluations on 60+ crypto perps, open 24 hours a day, seven days a week, at up to 10x. The four tiers trade off price against room: the cheaper the tier, the tighter the floor. Every tier shares the same payouts, the same fees and the same freedoms.

2. How to play, step by step

1. Pick a tier and a size. Violet is the cheapest and the tightest. Cobalt and Midnight buy you a bigger floor and a 4% daily limit. Black drops the daily limit entirely and its floor never moves — it is capped per customer, so there is a limited number to go round.
2. Check out once. One payment, no monthly fee, no activation fee at any stage. FOUNDER25 takes 25% off. Everything is refundable until your login is delivered.
3. Get your login by email. Perps accounts run on our platform partner's web terminal — nothing to install. Your order is fully refundable until your login is delivered. Practise on BTC, ETH and SOL with live prices in our free terminal today.
4. Trade the evaluation, any hour of any day. Reach the target without touching the daily loss limit (where your tier has one) or the static floor. No clock, no minimum days — pass on a Sunday night if the market gives it to you.
5. Funded. Your account is re-issued as a funded account at the same size, same rules. One-time identity check before your first payout.
6. Get paid, any day. Request a payout on any calendar day you are at least $100 in profit (no waiting period after funding). 90% yours, no cap, paid within 24 hours of approval.

3. The static max-loss floor

• It is set once, from your starting balance. Floor = starting balance minus the tier's max-loss percentage. A 4% Violet 10K starts with a floor of $9,600.
• It does not move. Not intraday, not at the close, not when you are up. Open profit never raises it, and giving open profit back never lowers it. The floors on our futures, CFD and crypto accounts step up on green closes; this one simply stays put — which is better for you during the evaluation.
• It is checked live, on equity. If your equity — balance plus open profit or loss — touches the floor at any moment, open positions are closed and the account is breached.
• After your first payout it locks at your starting balance (Violet, Cobalt and Midnight). From then on you cannot fail the max-loss rule while your account is in profit, and the floor still never trails.
• Black never locks. On Black the floor stays at starting balance minus 5% for the life of the account, payouts included.

4. The daily loss limit

Perps move 5% in an hour more often than any other market, and they do it at 4 a.m. on a Sunday. Violet, Cobalt and Midnight therefore carry a daily loss limit; Black does not.

• Measured from start-of-day equity. At each 5:00 PM ET rollover we record your equity. The daily limit is that number minus the tier's daily percentage of your initial balance: 3% on Violet, 4% on Cobalt and Midnight.
• Checked live, on equity. If your equity — including open positions — touches the daily limit at any moment, open positions are closed and the account is breached.
• It resets every day. A rough day that stays inside the limit is forgotten at the next rollover, weekends included.
• Black: none. The only loss rule on Black is the static floor.

5. Targets

Targets are a percentage of your initial balance, measured on closed balance. You pass the moment your closed balance is at or above the target with no open positions — on any day, including day one. One phase, every tier.

• Violet: 8% — the lowest target on the site.
• Cobalt: 10%.
• Midnight: 9%.
• Black: 9%.

6. Every number, every size

Violet — The lowest price per dollar of buying power. A tight floor, the lowest target on the site, and everything else the same as the darker tiers.

Cobalt — More room to work: a 6% floor and a 4% daily limit, for traders who hold through noise rather than scalp around it.

Midnight — The easiest pass on the site: a 7% floor against a 9% target, with the same 4% daily limit as Cobalt.

Black — No daily loss limit, and a floor that never moves — not even after a payout. Limited supply, with per-customer caps.

There is no per-payout cap on any Perps account. Minimum payout is $100, or $50 on the 5K Black.

7. Leverage and position size

Leverage is set per market, not per tier, so a Violet account and an Black account get the same buying power on the same coin.

• Your maximum open notional is your account balance times the market's leverage (the "Max notional" column above assumes 10x).
• Orders that would exceed the cap are rejected, not partially filled.
• Liquidation inside a loss limit is treated as a loss-limit breach. In practice the daily limit or the floor will always trigger first.

8. What you can trade

Everything trades 24/7. BTC, ETH and SOL stream live prices in our free terminal today; the full list is in your platform's market menu once your login arrives.

9. Fees, all of them

• Commission: 0.02% of notional per fill, on entry and on exit. That is $2 per $10,000 traded.
• Spread: modelled on the reference venues' spread at the time of the fill.
• Swap, funding and overnight charges: none. Venue funding rates are shown for information only; they never touch your balance. Hold a position for a month and pay nothing to keep it open.
• Activation fee: $0. Passing costs nothing. The evaluation price is the whole price.

10. Trading style: what is allowed

• Weekends and overnight: allowed. The market is open, so is your account.
• News, listings, unlock events: allowed, no blackout windows — evaluation and funded.
• Bots, APIs and automation: allowed, with the exceptions in section 11.
• Hedging within your own account: allowed.
• Scalping: allowed. No minimum hold time.
• Several Profirms accounts you own: allowed, including the same strategy on each.
• Inactivity: no time limit and no inactivity rule on evaluations. Funded accounts need one trade every 30 days.

11. What ends an account

• Breaching the daily loss limit or the max-loss floor. The account closes. A reset is available (section 14).
• Exploiting a single-venue flash crash, a stale feed, latency, or a platform malfunction — including strategies built to profit from feed lag rather than the market.
• Hedging between accounts belonging to different people, or coordinating opposite positions with another trader so one account is guaranteed to pass.
• Account sharing or account management. The person who bought the account trades it.
• Chargebacks on a valid charge. Talk to us first — almost everything is resolved within a day.

Breaches for conduct (not loss rules) are reviewed by a person before the account is closed, and you get the reason in writing.

12. Funded stage and payouts

• Same size, same rules. Nothing tightens after you pass.
• Split: 90% of profit is yours from the first payout. It is the standard split, not a paid upgrade.
• Timing: request on any calendar day (one request per day, New York time), from the first day you are $100 in profit. No waiting period after funding.
• No payout lock, no consistency score, no per-payout cap. Request what you have earned.
• Minimum: $100 per request ($50 on the 5K Black).
• Method: bank transfer or crypto, paid within 24 hours of approval, seven days a week.
• KYC: one-time identity verification before the first payout.
• Funded caps: up to $100,000 of active funded balance per tier and $400,000 across all Perps tiers. A pass that would take you over a cap is held in review rather than refused.
• Scaling: three consecutive calendar months with net payouts raise your funded balance by 25%, up to $400,000 per customer.

13. Black: limited supply

Black is the tier with no daily loss limit and a floor that never moves, so it is the one we cap. Each customer can buy up to $200,000 of Black evaluations and hold up to $100,000 in active funded Black accounts. On the 100K Black that means two evaluations at most, with one funded at a time; a pass beyond that is held in review, not refused. Caps are checked at checkout and at funding; an order over a cap is refunded in full. Black accounts also count toward the overall $400,000 funded cap.

14. Resets and refunds

• Reset: after a loss-rule breach you can restart the same tier and size at 30% off. A reset is a fresh account, not a top-up.
• Refund: full refund any time before your login is delivered, no questions asked — no fee, no 48-hour window. After delivery, the fee is non-refundable except for duplicate charges, billing errors or a verified technical failure on our side. See the Refund Policy.

15. How this compares

16. Questions

What is a perp?

A perpetual future tracks a coin's price with no expiry date, so you can stay long or short indefinitely and trade with leverage. On a Profirms Perps account every fill is simulated against live reference prices — no coins are bought or held for you.

Perps or Crypto accounts — which should I pick?

Perps accounts are one phase, up to 10x, with a static floor and a choice of four risk profiles. Our Crypto accounts are 2-Step, 1-Step and Instant at 5:1, with a 6% floor that settles once a day. If you want leverage and a single target, pick Perps; if you want the most room per dollar, pick a Crypto 2-Step.

Why is the floor static here but end-of-day on your other accounts?

Because perps trade 24/7 at leverage, a floor that only checks once a day cannot protect the account. So we check the floor live — and in return we never move it against you. Open profit does not raise it, and it never trails.

Is 90% really the standard split?

Yes. Every Perps account pays 90% from the first payout. There is no upgrade to buy and no tier where it is lower.

Do I pay funding or swap on positions I hold?

No. There are no funding, swap, hourly or overnight charges on any Profirms Perps account, evaluation or funded. The only trading fee is the 0.02% commission per fill.

Does rollover happen on weekends?

Yes. Perps trade every day, so the daily loss limit resets at 5:00 PM ET every day, Saturday and Sunday included. The floor never resets — it never moves.

What happens to my floor after a payout?

On Violet, Cobalt and Midnight it locks at your starting balance after your first payout. On Black it never moves. Either way it never trails.

How many Black accounts can I have?

Up to $200,000 of Black evaluations purchased and $100,000 in active funded Black accounts per customer — on the 100K that is two evaluations at most, with one funded at a time. The other tiers are capped at $100,000 of active funded balance each.

Which platform?

A web-based perps terminal issued through our platform partner — nothing to install. Until your login is delivered, your purchase is fully refundable.

Can I trade Perps, crypto, CFD and futures accounts at the same time?

Yes, if you are eligible for each. Perps, crypto and futures accounts are open to everyone 18+.

See Perps pricingRead the TermsPractise on the free terminal