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Challenge Comparison Tool

Select up to 3 firms to compare their challenges, rules, and pricing side by side.

CypherTicks CypherTicks
Halcyon Trader Funding Halcyon Trader Funding
Overview
Asset Type Futures Futures
Country United Kingdom United States
Established Jan 2025 -
Technology White-Label White-Label
Platforms Volumetrica, DeepCharts Trading View, Quantower, Volumetrica, Rithmic, Tradesea, WealthCharts
Trading Rules
Profit Split 90% Best 90%
Daily Drawdown 2% of starting balance (Daily Loss Limit, Evaluation only; removed on funded accounts) No daily loss limit; trailing drawdown (Lite) or end-of-day drawdown (Prime)
Payout Frequency On demand (no fixed payout date, minimum 5 trading days)
CypherOne funded: 5 winning days in the cycle plus the 40% consistency rule, then request any time. CypherInstant: every 5 trading days minimum once the profit goal and 20% consistency rule are met.
On demand
Reward requests allowed after 8 full trading days (6 of 8 meeting min daily profit); qualifying days reset after each approved reward.
Direct Path to Funded ✗ No ✗ No
Reviews & Reputation
Review Count 0 reviews 0 reviews
Avg. Rating No ratings yet No ratings yet
Pros & Cons
Main Benefits
  • 90/10 profit split on all funded accounts; no activation fee on CypherOne; news trading fully allowed with no blackout windows; copy trading allowed via DeepCharts; no minimum trading days and no time limit on the CypherOne evaluation; payouts processed within 24 business hours or less via Rise or direct crypto; straight-to-funded CypherInstant option with no evaluation.
  • 90% profit split; no consistency rule or daily loss limit on Halcyon Lite; one-time evaluation fee with no monthly subscription; 1 minimum trading day to pass a Lite evaluation; news trading, copy trading and automated/algo trading permitted; rewards paid via Rise (Riseworks) with 3-business-day processing.
Main Drawbacks
  • CypherOne is a recurring monthly subscription; if it lapses the evaluation account is closed and all progress and profit are lost. Profit from trades closed under 10 ticks or under 60 seconds is deducted while losses always count. Bots, AI and fully automated systems are prohibited. No overnight holds: all positions are liquidated at 3:15 PM CST. A 10-day inactivity rule closes accounts. CypherInstant accounts cannot be reset and carry a stricter 20% consistency rule. All purchases are final.
  • Day-trading only, all positions must be flat by 4:45 PM EST (no overnight or weekend holding); trailing drawdown counts unrealized profit and never moves back down; maximum of 5 approved rewards per Lite account before a required transition; HFT bots prohibited; the legacy Flagship Evaluation/Funded program is being wound down through 2026-07-31.
Offers & Promo Codes
Active Offers No offers No offers

Challenge Details

CypherTicks Challenges

6 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$69
per month (subscription)
$25K 1 Step P1: $1,500
P1: $500
2% of starting balance, Evaluation only; removed once funded. Resets at End of Day.
P1: $1,000 (4% EOD trailing balance based)
90% None
$109
per month (subscription)
$50K 1 Step P1: $3,000
P1: $1,000
2% of starting balance, Evaluation only; removed once funded. Resets at End of Day.
P1: $2,000 (4% EOD trailing balance based)
90% None
$149
one-time fee
$10K Instant P1: $750 (payout profit goal)
P1: $200
2% of starting balance, resets each new trading day. Hitting the DLL suspends trading for the rest of the day and is not a failure by itself.
P1: $400 (4% EOD trailing)
90% None
$229
per month (subscription)
$100K 1 Step P1: $6,000
P1: $2,000
2% of starting balance, Evaluation only; removed once funded. Resets at End of Day.
P1: $4,000 (4% EOD trailing balance based)
90% None
$249
one-time fee
$25K Instant P1: $1,500 (payout profit goal)
P1: $500
2% of starting balance, resets each new trading day. Hitting the DLL suspends trading for the rest of the day and is not a failure by itself.
P1: $1,000 (4% EOD trailing)
90% None
$349
one-time fee
$50K Instant P1: $3,000 (payout profit goal)
P1: $1,000
2% of starting balance, resets each new trading day. Hitting the DLL suspends trading for the rest of the day and is not a failure by itself.
P1: $2,000 (4% EOD trailing)
90% None

Halcyon Trader Funding Challenges

3 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$129 $25K 1 Step P1: $1,350
P1: -
P1: $1,000 Trailing Drawdown
90% None
$192 $50K 1 Step P1: $2,750
P1: -
P1: $2,000 Trailing Drawdown
90% None
$359 $150K 1 Step P1: $8,500
P1: -
P1: $4,000 Trailing Drawdown
90% None