FX / CFD · Instant · 1-step · 2-step · Since 2025

Vest Markets Review: rules, challenges and payouts

Suits — Trading crypto and US-stock perpetuals on a tiny budget, with simple rules (no consistency, no minimum days) and on-demand payouts.

CEO
—
Headquarters
Panama
Founded
Oct 2025· 1 yrs
Access
HKOpenTWOpen

Platforms

  • Vest Markets

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XSR score

From

$10
one-time · $500

Max allocation

$500K
Up to 10 live funded accounts per trader across both paths, the largest $50,000, so $500,000; evaluations are counted separately, up to 100.

Sizes

$500–$50K
Programs 4

First payout

1day
on demand, credited within 24 hours, no cap on frequency or amount

Trustpilot

—

What Vest Markets is, and who it suits

What the firm is, who it suits, and what you will trade it on.

XSR summary

Vest Markets is a perpetual-futures exchange backed by Coinbase, Jane Street and Selini, among others; its funded program, Vest Capital, launched in 2025 and is run by Vest Exchange Inc., a Panama company. Everything trades as a USDC-margined perpetual (crypto, hundreds of US stocks, indices, commodities and FX) on Vest's own web platform; there is no MT5. There are two paths: Instant accounts, live on purchase from $10 for $500 with a 95% split, and evaluations: a configurable 1-Step (pick the target, the daily loss limit and the split) and a fixed 2-Step from $15 for $5,000. The rules are few: a static max drawdown, no consistency rule, no minimum days, no deadline, and profit claims on demand, credited in 24 hours. The catches: accounts top out at $50,000, Instant drawdown is only 2–4%, payouts are USDC only, and the terms say every account is simulated.

Written by XSR from the firm's own pages — not generated, not paid for.

Suits

Trading crypto and US-stock perpetuals on a tiny budget, with simple rules (no consistency, no minimum days) and on-demand payouts.

Watch out for

Accounts top out at $50,000, and Instant drawdown is only 2–4%: touch it and the account closes for good, with no reset. Payouts are USDC only, and the terms say every account is simulated.

Platforms1

  • Vest MarketsVest Markets

The details

Data feed / broker
Vest Exchange perpetuals (USDC-margined, simulated accounts)
Assets
CryptoStocksIndicesMetalsEnergyFX
Instruments
All perpetuals: crypto such as BTC, ETH and SOL (XRP is not available on funded accounts; HYPE depends on which docs page you read), hundreds of NYSE and NASDAQ stocks, the ES, NQ, YM and RTY indices, gold, silver, oil, natural gas and other commodities, and the major FX pairs.
Leverage and limits
Up to 75x on funded accounts, set per market: 75x on ES and the major FX pairs, 50x on NQ, YM and RTY, 25x on BTC and gold, 15x on ETH, 10x on SOL, 5x on single stocks and most other commodities. Cross margin across the whole account.
Commissions
Maker fees are 0; taker fees are 0.0025% on indices and commodities, 0.0015% on FX and 0.01% on everything else (crypto, stocks). Perpetual funding payments also apply.
Max allocation
$500KUp to 10 live funded accounts per trader across both paths, the largest $50,000, so $500,000; evaluations are counted separately, up to 100.
Legal entity
Vest Exchange Inc. (Panama); Vest Labs Inc.

Vest Markets challenges and prices

Pick a program and a size. Every number is the firm's list price and rule before any code.

Live on purchase: no evaluation, no target, no daily loss limit and a 95% split. What you pay is what you can lose: the $500 account costs $10 and its max drawdown is $10 (2%); the other sizes run 4%. Paid once per attempt.

Account size

Terms of this account

Instant · $50K
$2,000one-time

−5% · With 6QXSRTRADE · $1,900

Activation fee
None
Profit target
—
Max loss
−$2,0004%
Daily loss limit
None
Min. trading days
None
Time limit
None
Consistency (test)
None
Profit split
95% (fixed)

Target against room to lose

Fixed (static)
No target — funded from the first trade$1,310 of room left
Loss floor
−$2,0004%
Start
$50K
Target
—

The loss limit is measured from your starting balance and never moves. The most forgiving of the three.

Illustration: a made-up path held to this account's real limits.

Once you are funded

No activation fee, minimum days, consistency rule or payout threshold. Claim profit whenever you like; it reaches your Primary Account within 24 hours and you withdraw it as USDC to your own wallet. The max drawdown is a fixed line below the starting capital that profits never move.

Vest Markets rules, in plain words

Most dangerous first. Each one says what the rule is, how it is measured, and what it looks like on a real account.

2 Strict2 Watch out2 Good to know

  1. Max drawdown: one fixed line, and touching it closes the account for good

    Strict

    Every account has a floor set from its starting capital that never moves: 6% on evaluations, and on Instant exactly what you paid (2% on $500, 4% on the rest). Profits do not lift it. If equity, unrealized PnL included, falls below it at any moment, the account closes immediately and for good: no warning, no grace period and no reset.

    Example

    $25,000 Instant: you pay $1,000 and the floor is $24,000. Even after you reach $27,000 the floor stays at $24,000. A $25,000 BTC position loses that whole $1,000 on a 4% move against you.

  2. Daily loss limit (if you chose one)

    Strict

    Chosen at purchase on evaluations (3%, 4% or none); fixed at 3% on the 2-Step; never on Instant. It resets at 8 p.m. New York time: the day's floor is the realized balance then (reserved collateral in, unrealized PnL out) times 97% or 96%, adjusted dollar for dollar for transfers. Equity, unrealized PnL included, falling below it closes the account for good.

    Example

    $25,000 Platinum with a 4% daily loss: a $25,000 balance at the reset sets the day's floor at $24,000, above the $23,500 max drawdown. 8 p.m. New York is 8 a.m. the next day in Hong Kong/Taipei during US daylight time, 9 a.m. otherwise.

  3. The accounts are simulated, whatever the docs say

    Watch out

    The docs say funded accounts trade "real Vest capital", but the Prop Terms of Service (updated 14 October 2026) say every account, Instant included, is simulated: you supply "trade ideas", compensation is paid from the company's general funds with no payout guaranteed, and Vest may copy, hedge or ignore your trades as it sees fit. The terms are what governs a payout.

  4. Prohibited: manipulation, multiple identities, VPNs

    Watch out

    The terms ban wash trading, self-trading, spoofing, manipulating prices, funding rates or oracles, and exploiting latency, bad prices or differences between venues; no multiple identities, no collusion, and no VPN to get round a restriction. API trading is not available on funded accounts. Suspected breaches can freeze payouts while Vest investigates.

  5. Weekend lock: non-crypto markets cannot be closed at the weekend

    Good to know

    Crypto trades 24/7. Stocks lock from 8 p.m. Friday to 8 p.m. Sunday New York time, indices and commodities from 5 p.m. Friday to 6 p.m. Sunday, FX for the whole weekend. Positions held into a lock stay open but cannot be changed or closed, and a Monday gap counts against your drawdown.

  6. Account limits and refunds

    Good to know

    Up to 10 funded accounts (both paths combined) and 100 evaluations per trader. There are no resets: a failed account is bought again. A refund is available on written request within 3 days of purchase if no trade has been placed; once you trade, it is not.

Trading styles

  • News trading

    Allowed

  • EAs / bots

    Not allowed

    No API trading on any funded account, in evaluation or live; orders go through the web platform.

  • Copy trading

    With conditions

    The terms do not name copy trading, but they ban collusion and multiple identities; keep it between your own accounts.

  • Hedging

    With conditions

    Positions across markets in one cross-margin account are fine; exploiting differences between accounts or venues is a prohibited use.

  • Holding overnight

    Allowed

  • Holding over the weekend

    With conditions

    Crypto trades through the weekend; stocks, indices, commodities and FX lock, and positions held into the lock cannot be closed.

  • Scalping

    Allowed

Vest Markets payouts: when, how much and how

When you can withdraw, how much, and how the money reaches you.

  1. 01 · First payout

    Any time once live, with no minimum days and no profit threshold.

  2. 02 · After that

    As often and as much as you like; each claim reaches your Primary Account within 24 hours, and a USDC withdrawal from there takes up to another 24 hours.

  3. 03 · Profit split

    80% or 90% on the evaluation path (chosen at purchase), 95% flat on Instant; applied at each claim with no other fees.

Minimum
None
Caps
No cap on profit claims; withdrawals from the Primary Account over $50,000 in a rolling 24 hours wait an extra 24 hours.
Payout methods
  • USDC
Before you can request
  • Submit Claim Profit from the funded account's Portfolio page; you may need to close positions or cancel orders first. A claim cannot be reversed.
  • Profit lands in your Primary Account first, then you withdraw USDC to a wallet: email or Google sign-ups can withdraw only on Base or Arbitrum One.
  • Claimed profit (your Payout Balance) can also pay for a new funded account.

From Hong Kong or Taiwan

Neither Hong Kong nor Taiwan is on Vest's prohibited list (Cuba, North Korea, Iran, Russia, Syria, the Philippines). Payouts are USDC to your own wallet only, with no bank wire, so turning them into HKD or TWD goes through an exchange (a licensed platform in Hong Kong, or MAX or BitoPro in Taiwan) at your own conversion and withdrawal cost.

Can Hong Kong and Taiwan traders use Vest Markets?

Read from the firm's own list. A firm that bans Hong Kong or Taiwan is not listed on XSR at all.

HK

Hong Kong

Not restricted

TW

Taiwan

Not restricted

The terms' "Prohibited Jurisdictions", plus the Government of Venezuela and anyone on the US OFAC and other sanctions lists; you must be 18+, and a VPN may not be used to get round the list.

Read it on the firm's site

Sources and checks

Checked against the firm's own pages on 1 Nov 2026.

Could not be confirmed on the firm's own pages

These are printed from recent third-party coverage. Confirm them with the firm before you buy.

  • The docs' price tables stop at $25,000; the $50,000 "Emerald" prices come from the plan and product lists on Vest's homepage, whose prices for the smaller sizes match the docs exactly.
  • Prices are the docs' Account Tiers matrix; the docs name the logged-in purchase pages as the source of record, which could not be read without an account.
  • One docs page says HYPE and XRP are unavailable on funded accounts; another excludes only XRP.
  • The program's launch (October 2025) comes from third-party review sites; Vest's own pages do not state it or name a CEO.

What we read

  1. 01Vest Capital — Overview
  2. 02Vest Capital — Account Tiers (full pricing matrix)
  3. 03Vest Capital — Loss Limits
  4. 04Vest Capital — Claiming Profit
  5. 05Vest — Markets (asset classes, trading hours, fees)
  6. 06Vest — Cross Margin & Leverage (per-market caps)
  7. 07Vest — Withdrawals
  8. 08Vest — Refund Policy
  9. 09Vest — Prop Terms of Service (14 October 2026)
  10. 10Vest Capital — program page

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XSR may earn a commission when you buy with a partner code; it never changes the order of firms. Prop-firm evaluations are simulated accounts sold as a product — most buyers do not pass, and no firm is regulated as a category. Nothing here is investment advice.

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