Short answer: Vest Markets is a multi-asset perpetual-futures platform with a prop program called Vest Capital. Traders can choose a configurable one-step or two-step evaluation, or pay more for an Instant Account that skips evaluation. Current products range from a $500 Instant Account to $25,000 evaluation and instant accounts. Evaluation paths use a 6% static maximum drawdown and can be configured with a 3%, 4%, or no daily loss limit; Instant Accounts use a smaller fixed loss allowance and no daily loss limit. Profit splits currently range from 80% to 95%.
The important qualification is in Vest's September 28 terms: program accounts and displayed balances are virtual, and traders submit nonbinding trade ideas rather than control a brokerage or exchange account. Vest may use, modify, hedge, route, or disregard those ideas at its discretion. Its labels such as “Live” and “real trading capital” therefore describe a payout-eligible program stage—not trader ownership of a live account.
What is Vest Markets?
Vest Markets operates a perpetual-futures platform covering equities, ETFs, crypto, commodities and FX. Instead of expiring futures contracts, its products are linear USDC-margined perpetuals whose funding mechanism helps keep the contract near its reference price.
The product is broader than a conventional futures-prop dashboard. A trader can move among stock, index, commodity, currency and crypto exposures on the same platform. Market hours still differ by product: Vest says crypto trades continuously, while ES, NQ, commodities and single stocks have weekend closes and reopen on Sunday. “24/7” should not be read as every instrument being continuously manageable.
Vest's FAQ publishes up to 50x leverage on Funded Accounts, depending on the market. The separate Primary Account can reach 100x. That distinction matters because the public home page also promotes “100x Power,” while the funded-account FAQ sets the lower program cap.
Vest Capital has three product paths
The current builder presents three ways to enter the program:
- One-step evaluation: one simulated evaluation phase with a 10% or 20% profit goal. The buyer can select an 80% or 90% profit split and a 3%, 4%, or no daily loss limit. Maximum drawdown is a fixed 6% of starting capital.
- Two-step evaluation: two simulated phases with 10% and 5% goals. The default configuration checked September 29 showed an 80% split, 3% daily loss limit and the same fixed 6% maximum drawdown.
- Instant Account: no evaluation or profit goal. It becomes payout-eligible when payment clears, pays a flat 95% split, and uses only a fixed maximum-drawdown limit. There is no daily loss limit.
There is no minimum number of trading days or time limit on the evaluation paths. Evaluation trading uses live market conditions but simulated balances; fees are simulated and still reduce performance against the loss limits.
Current evaluation pricing
The main Vest Markets page displays these standard one-step configurations:
| Tier | Trading capital | One-time price | Profit goal | Static max drawdown | Daily loss limit | Profit split |
|---|---|---|---|---|---|---|
| Silver | $5,000 | $40 | 10% | $300 (6%) | 3% | 80% |
| Gold | $10,000 | $80 | 10% | $600 (6%) | 3% | 80% |
| Platinum | $25,000 | $210 | 10% | $1,500 (6%) | 3% | 80% |
Those cards are the default rather than the complete catalog. Vest's bespoke builder lets the buyer change the profit split, daily-loss option and profit target, with the final price changing accordingly.
The default two-step configuration was materially cheaper when checked:
| Two-step size | One-time price | Phase goals | Static max drawdown | Daily loss limit | Profit split |
|---|---|---|---|---|---|
| $5,000 | $15 | 10% then 5% | $300 (6%) | 3% | 80% |
| $10,000 | $35 | 10% then 5% | $600 (6%) | 3% | 80% |
| $25,000 | $90 | 10% then 5% | $1,500 (6%) | 3% | 80% |
These are point-in-time prices, not permanent discounts. Rebuild the account in Vest's current configurator before paying, especially if selecting 90% profit share, no daily loss limit, a 4% daily limit, or a 20% one-step target.
Current Instant Account pricing
Instant Accounts charge a one-time fee equal to the account's maximum loss allowance:
| Trading capital | One-time price | Static max drawdown | Drawdown rate | Daily loss limit | Profit split |
|---|---|---|---|---|---|
| $500 | $10 | $10 | 2% | None | 95% |
| $5,000 | $200 | $200 | 4% | None | 95% |
| $10,000 | $400 | $400 | 4% | None | 95% |
| $25,000 | $1,000 | $1,000 | 4% | None | 95% |
This is the key Instant Account tradeoff: access is immediate and the split is higher, but the buyer pays dollar-for-dollar for the fixed loss allowance. A $25,000 label does not provide $25,000 of usable risk; it provides $1,000 between starting equity and the closure floor.
How Vest's loss rules work
Every Vest Capital account has a static maximum-drawdown floor. It is set from starting capital, does not trail profits and is not recalculated at the end of the day. Vest evaluates the floor using total account value, including unrealized P&L. Touching or falling below the floor closes the account immediately and permanently.
For evaluation-path accounts, the floor is always 6% of starting capital. The selected daily loss limit—3%, 4%, or none—applies in the evaluation and continues after the account becomes Live. When present, Vest sets the day's loss floor from account equity at 8:00 PM ET and holds it until the next reset.
Instant Accounts have no daily loss limit. Their only program loss rule is the fixed $10, $200, $400 or $1,000 maximum drawdown shown above. “No daily loss limit” does not remove liquidation risk, market-dependent leverage limits, trading fees, funding, or the permanent static floor.
Markets, strategies and platform limits
Vest's current funded-account FAQ says:
- News trading, scalping and high-frequency approaches are allowed.
- There is no consistency rule and no required distribution of profit across days.
- Positions may be held overnight and over the weekend, but non-crypto positions lock during published weekend closures.
- Funded Accounts can use up to 50x leverage, market-dependent.
- API trading is not supported for evaluations, Live Funded Accounts or Instant Accounts.
- XRP and HYPE are excluded from the funded program; other supported markets are available.
- Traders cannot deposit additional capital into a Funded Account.
The terms prohibit manipulation, coordinated opposite positions, wash trading, spoofing, latency or technical-error exploitation, and using multiple identities or accounts to circumvent rules. The terms also say a user may operate only one Program account, while the FAQ separately discusses multiple Live Funded Accounts. Because those statements can be read differently, traders planning several funded accounts should obtain written clarification before purchase.
Profit claims and USDC withdrawals
Vest separates a Claim Profit from a wallet withdrawal:
- A Claim Profit moves the applicable profit split from a Live Funded Account into the trader's Primary Account. Vest says claims can be submitted as often as desired, have no amount cap and normally process within 24 hours.
- A withdrawal moves USDC from the Primary Account to an external wallet on a supported chain. The current minimum is 1 USDC.
The split is fixed at purchase. Evaluation accounts currently pay 80% or 90% depending on the chosen configuration, while Instant Accounts pay 95%. A claim may require open positions and orders to be closed first, and Vest says an initiated claim cannot be reversed.
Again, the legal framing matters: the terms call any payment program compensation, not a distribution of profit from a live trade owned by the participant. Instant status does not guarantee a payout, and Vest can investigate or deny compensation tied to prohibited activity.
Refunds and eligibility
Vest publishes a 28-day refund window only when no trades or other program activity have occurred. Once the first virtual trade is placed, the fee becomes non-refundable. Failing an evaluation is not grounds for a refund.
The September 28 terms also require eligibility and identity checks, prohibit sanctioned users and specified jurisdictions, and allow Vest to change evaluation criteria, compensation or eligibility requirements. Buyers should save the product summary and terms that apply on their purchase date.
Who Vest Markets may fit
Vest may suit a trader who wants:
- one interface for equity, index, commodity, FX and crypto perpetuals;
- static rather than trailing drawdown;
- no consistency rule or minimum-day requirement;
- configurable evaluation economics; or
- an immediate payout-eligible path with a 95% split.
It is a weaker fit for someone who needs API execution, conventional exchange-listed futures ownership, a brokerage account in the trader's name, or a large loss buffer relative to the advertised account balance. Instant access is especially expensive relative to the drawdown allowance, so compare the fee with the exact dollar risk—not only the headline account size.
Bottom line
Vest Capital's strongest differentiator is product breadth: configurable one-step and two-step evaluations, Instant Accounts, static drawdown, multi-asset perpetual markets and USDC-based payouts in one system. Its rules are simple enough to model, and the bespoke builder lets a trader choose between price, target, daily-loss protection and profit split.
The main caution is definitional. Vest markets funded stages as real capital and “Live,” while its current legal terms define the program as virtual signal generation in which traders neither own nor control a live trading account. Evaluate the product on its actual fee, fixed loss allowance, payout conditions and legal structure—not on the account label alone.
Commercial-link note: ComparePropFirms does not currently have a verified commercial destination for Vest Markets. The offer card below is for Topstep as a separate alternative, not a Vest purchase link.
Frequently asked questions
Is Vest Markets a futures prop firm?
Vest Capital is a proprietary-trading program built on Vest Markets' perpetual-futures platform. Its market set includes equity, ETF, crypto, commodity and FX perpetuals rather than only conventional exchange-listed futures.
How much does a Vest Markets evaluation cost?
Standard one-step prices verified September 29 were $40 for $5,000, $80 for $10,000 and $210 for $25,000. Default two-step prices were $15, $35 and $90 for the same sizes. Bespoke selections can change the price.
What is the Vest Markets profit split?
Evaluation-path buyers can currently select 80% or 90%. Instant Accounts publish a flat 95% split. The rate is fixed at purchase and applied when profit is claimed.
Is Vest's maximum drawdown trailing?
No. Vest describes maximum drawdown as a fixed static floor. Evaluation paths receive 6% of starting capital; Instant Accounts currently receive 2% on the $500 tier and 4% on larger tiers.
Does Vest Markets have a consistency rule?
No. Vest's FAQ says there is no minimum number of days, no best-day cap and no requirement to distribute profit evenly.
Are Vest Instant Accounts live brokerage accounts?
No. Vest's September 28 terms define Instant Accounts as virtual program designations. Participants submit trade ideas and do not own or control a brokerage or exchange account. Vest decides whether and how it uses any idea in its own trading.
How do Vest payouts work?
The trader submits a Claim Profit request from a Live Funded Account. Vest says the applicable split reaches the Primary Account within 24 hours, after which USDC can be withdrawn to a supported external wallet.
First-party sources and verification
- Vest Markets home and current account cards — rendered and checked September 29, 2026, 6:20–6:34 PM MDT; default one-step pricing, Instant pricing, displayed loss limits, profit splits, headline product claims and public disclosures.
- Vest Capital product page and bespoke builder — rendered and checked September 29, 2026; one-step, two-step and Instant paths, optional evaluation rules, size-specific prices and builder outputs.
- Vest Markets FAQ — checked September 29, 2026; evaluation/Instant differences, static drawdown, daily reset, strategy permissions, market access, claims, withdrawals, refunds and platform limitations.
- Vest Prop Trading Terms of Service — last updated September 28, 2026; checked September 29, 2026; virtual-account structure, Instant Account definition, trade-idea discretion, compensation, fees, refunds, eligibility and prohibited use.
- About Vest Markets — checked September 29, 2026; platform description, asset classes, perpetual-market model and funded-account link.
- Perpetuals 101 — checked September 29, 2026; linear USDC-margined contracts, index/mark prices, funding and perpetual-versus-expiring-futures distinction.
Current Firm Offers and Direct Links
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