My Funded Perps Rules: Drawdown, Daily Loss, Leverage and News Trading

My Funded Perps rules for the four 1-Step plans it sells: Select, Prime, Signature and Elite (Elite comes with a 3% daily loss limit or with none). Every plan is a single-phase evaluation on simulated perpetual futures. You pass by reaching a profit target in equity without touching a static maximum-loss floor and, on every plan except Elite No DLL, a 3% daily loss limit that resets at midnight New York time. There is no consistency rule, no minimum number of trading days and no time limit, but an evaluation fails after 30 days without a trade and a funded account closes after 7. News trading is unrestricted in the evaluation and restricted around high-impact releases once funded. Leverage is set per market: BTC 10x, ETH 8x, SOL and BNB 5x, most altcoins 2x, major FX pairs up to 50x and US indices 12x, with Elite raising NAS100 and SP500 to 40x. This page lists each rule with dollar values by account size, shows how leverage and fees eat into a static drawdown, and sets out the places where the firm’s own pages disagree.

My Funded Perps Rule Checks

My Funded Perps Rules by Plan: Select, Prime, Signature and Elite

All four plans are 1-Step evaluations bought for a one-time fee. Percentages are of the starting balance, never current equity, and the target and loss limits are measured on equity, including open profit or loss.

Dollar values by account size

BestProps calculated the Select, Prime and Signature dollar values from the published percentages; the firm publishes the $100K floors ($97,000, $95,000, $94,000) and the full Elite table itself. Prize accounts follow the same rules: $1K and $2.5K Select accounts won in giveaways use the Select rules (a $2.5K account has a $2,725 target and a $2,425 floor), and a won Elite account follows the No DLL rules.

Which plan has the most room? On day one, Select’s 3% drawdown and 3% daily limit are the same dollar amount, so one bad day can end the account. Prime and Signature give a wider overall drawdown, but the daily limit is still 3%, so reaching their max-loss floor from a fresh start takes at least two losing days. Elite No DLL is the only plan where the full drawdown can be lost in a single session without breaking a daily rule.

My Funded Perps Drawdown: Static, Equity-Based, and the First-Payout Lock

Every My Funded Perps plan uses a static maximum drawdown. The firm’s formula is starting balance – plan drawdown allowance = maximum loss limit (MLL) floor. Unlike a trailing drawdown, the floor does not rise with your intraday or end-of-day highs. The firm’s own example: a $100,000 Prime account starts with a $95,000 floor, and growing equity to $110,000 “leaves that initial floor at $95,000”.

Two details decide when the account fails:

• Equity, not balance. The check uses equity, including open profit or loss, and keeps running after trades settle and after hourly swap charges. An open position that dips through the floor fails the account even if it would have recovered.
• Touching counts before the lock. Before the first funded withdrawal, reaching the floor breaches the account. After the lock on Select, Prime and Signature, equity exactly at the floor is allowed and only falling below it breaches. The daily-loss floor is always inclusive.

What happens to the floor after a payout

Worked example (the firm’s numbers). A funded trader on 80/20 receives $3,200, so $4,000 gross is deducted from the account. If $4,000 was all the profit above the starting balance, the account is left exactly at its newly locked floor with no buffer, and the next loss below the starting balance ends it. “A withdrawal never restores the original buffer.”

Elite works the other way round. An Elite $10K floor stays at $9,500 whatever you withdraw. If equity has grown to $10,800, you could withdraw down toward the starting balance and still have the original $500 of room above $9,500. The trade-off is that the floor never rises to protect profit either.

Daily Loss Limit and Reset Time

The daily loss limit is 3% of the starting balance as a fixed dollar amount, applied from the equity you start each day with. The floor is start-of-day equity – 3% of starting balance. The firm’s example: on a $100,000 account the allowance is $3,000, so a day that starts at $102,000 equity has a $99,000 daily floor.

• Reset: 12:00 a.m. New York time (America/New_York), which is 04:00 UTC during daylight time and 05:00 UTC in winter. It is not a fixed UTC hour.
• Open positions carry over. The new day’s reference equity includes open profit or loss, so a winning position held through midnight raises the next day’s floor.
• Swap at midnight: the hourly swap charged at midnight covers the hour before the reset and counts toward the day that just ended. The new reference is taken after it.
• Reaching it fails the account. It is a hard breach, not a pause. A new day does not reopen a failed account or reset the maximum floor.
• Which floor binds: after a winning run the daily floor sits above the static floor and is the one you hit first. On Select, whenever equity is at or below the starting balance, the static 3% floor is the closer line.
• Elite No DLL has no daily limit at all, in the evaluation or when funded. The choice is fixed at purchase.

My Funded Perps Consistency Rule, Minimum Days and Time Limit

There is no consistency rule on any My Funded Perps plan. The FAQ says “Your profits can come from any number of trades or trading days”, so a single trade can pass an evaluation as long as no loss limit is touched on the way. There is also no minimum number of trading days and no deadline: “Select, Prime, Signature, and Elite evaluations have no completion deadline or minimum trading-day requirement.” The same holds for funded payouts on Select, Prime and Signature, which have “no minimum trading-day count, qualifying-day requirement, or consistency gate”.

Three things still limit how you pass:

• The 30-day inactivity rule fai