CypherTicks Review: Plans, Rules, and How It Compares

CypherTicks is a UK-based simulated futures proprietary trading firm, established in 2025, operating from a registered office at 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE under the jurisdiction of England and Wales. It runs two separate product lines rather than one ladder of account sizes: CypherOne, a one-step evaluation billed as a monthly subscription, and CypherInstant, a straight-to-funded product sold for a one-time fee. Both lines pay a 90% profit split to the trader, both use a 4% end-of-day trailing balance-based Maximum Loss Limit, and total funded allocation per trader is capped at $300,000. Accounts are simulated throughout: the firm states it is not a broker, dealer or financial advisor, and that payouts are discretionary performance fees rather than trading profits.

Plans and pricing

CypherOne is sold in three sizes on a monthly subscription with no activation fee charged on passing. The profit target scales with the account size, the Maximum Loss Limit is 4% of the starting balance, and the Daily Loss Limit during the evaluation is 2%. Resets are available at any time with a 10% discount, and the firm places no time limit on completing the evaluation.

CypherInstant skips the evaluation entirely. It is sold for a one-time fee in three smaller sizes, and the profit figure shown is a payout profit goal on an already-funded simulated account rather than a pass condition.

Rules summary

Both product lines share the same risk engine. The Maximum Loss Limit is 4% of the starting balance and trails on an end-of-day basis: the firm describes it as balance-based trailing until it locks at the starting balance, after which it becomes a hard stop. Breaching the MLL fails the account, and floating profit and loss counts towards it.

The Daily Loss Limit is 2% of the starting balance and counts realized plus floating losses. Hitting it liquidates open positions and locks the account for the remainder of the day, but the firm states that hitting the DLL on its own is not a breach, and the limit resets at end of day. On CypherOne funded accounts the firm's rules page states the Daily Loss Limit is removed and only the Maximum Loss Limit applies.

News trading is permitted on both evaluation and funded accounts with no blackout windows, covering CPI, NFP, FOMC and rate decisions, though the firm notes that slippage and partial fills around those events are normal and that all other risk rules continue to apply. There is no time limit on an evaluation. A consistency rule of 40% applies on CypherOne funded accounts and 20% on CypherInstant. Payouts require a minimum of 5 trading days, are requested rather than issued on a fixed calendar, and the firm states they are processed within 24 business hours or less via Rise or direct crypto. CypherOne allows up to 6 accounts and CypherInstant up to 5. Trading is on Volumetrica and DeepCharts.

Pros and cons

Pros

• At $109 per month, the $50,000 CypherOne evaluation carries the same $3,000 profit target and $2,000 end-of-day trailing Maximum Loss Limit as three other futures firms listed on PropFirmMap, with no activation fee on passing.
• The Daily Loss Limit is removed once a CypherOne account is funded, leaving only the Maximum Loss Limit in force.
• News trading is allowed with no blackout windows, and there is no time limit on completing an evaluation.

Cons

• CypherOne is a subscription, so the monthly charge repeats until the account is passed or cancelled, while the comparable firms below charge a single fee.
• The $1,000 evaluation Daily Loss Limit at $50,000 is tighter than the daily limits recorded for all three comparison firms.
• CypherInstant applies a stricter 20% consistency rule than CypherOne's 40%, and every payout on either line requires at least 5 trading days.

How CypherTicks compares

Compared at the $50,000 tier against three futures firms in a similar price band, CypherTicks sits squarely inside the category norm on risk parameters and differs mainly on how it bills. All four accounts share a $3,000 profit target and a $2,000 end-of-day trailing Maximum Loss Limit. Competitor figures below are the list prices recorded on PropFirmMap on the dates shown, not live quotes.

Firm	$50K plan	Price	Profit target	Max Loss Limit	Daily Loss Limit
CypherTicks	CypherOne 50K	$109 / month	$3,000	$2,000 EOD trailing	$1,000
Tradeify	Growth $50K	$145 one-time (recorded 30 Jul 2026)	$3,000	$2,000 EOD trailing	$1,250
FundedHero Futures	One Step (No Activation) $50K	$239 one-time (recorded 23 Jun 2026)	$3,000	$2,000 EOD	$1,500
Elite Trader Funding	50K EOD Eval	$347 one-time (recorded 19 Jul 2026)	$3,000	$2,000 EOD trailing	$1,100

The practical difference is the shape of the cost, not the size of it. CypherTicks asks for the lowest amount to begin at $109 and then repeats that charge monthly, whereas Tradeify, FundedHero Futures and Elite Trader Funding each ask for a single payment upfront. That favours a trader who expects to clear the $3,000 target quickly and disadvantages one who takes several months. On risk, CypherTicks is the tightest of the four on daily loss at $1,000, against $1,100 at Elite Trader Funding, $1,250 at Tradeify and $1,500 at FundedHero Futures, so a trader who regularly takes larger single-day swings has less room here during the evaluation. The removal of the Daily Loss Limit after funding, subject to the site inconsistency noted above, moves in the opposite direction once the account is live. Profit splits are 90% at CypherTicks, Tradeify and FundedHero Futures, while Elite Trader Funding advertises keeping up to 100%.

Verdict

CypherTicks is a reasonable fit for a futures trader who wants a low amount of money at risk on day one, is comfortable with an end-of-day trailing drawdown, and expects to pass an evaluation within a short window, since the CypherOne subscription recurs until the account is passed or cancelled. The absence of blackout windows around news and the lack of any time limit on the evaluation suit a trader whose approach depends on economic releases or on trading infrequently. It is a weaker fit for a trader who wants their total cost fixed at the point of purchase, or one whose daily variance regularly approaches 2% of the account, because the evaluation daily loss limit is the tightest in this comparison group. Traders who want funding without an evaluation phase have CypherInstant available from $149, at a smaller maximum size of $50,000 and under a stricter 20% consistency rule.

Sources checked 19 August 2026: cypherticks.com, cypherticks.com/evaluation and the firm's published trading rules page. Comparison figures are from PropFirmMap firm records on the dates stated. Full profile: CypherTicks on PropFirmMap.