Research profile

Brevan Howard

Global macro hedge fund running discretionary and systematic strategies across rates, FX and credit.

Headquarters
St Helier
Founded
2002
Funding model
Firm Capital
Availability
Not clearly stated

U.S. traders: Not confirmedProprietaryTrading.com could not verify from current first-party sources whether this firm accepts U.S. traders.

Profile updated: August 30, 2026 · Primary source types reviewed: firm rules, FAQ and program pages · Research & methodology

May suit

traders focused on futures, equities, forex.

Consider alternatives if

you require options; you rely on copy trading.

Trader rating

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Overview

What this firm is and who it serves

Brevan Howard is a firm capital model trading firm headquartered in St Helier, founded in 2002. The firm provides traders with funded accounts to trade futures, stocks, forex.

At a glance

Structured facts about this firm

Firm Type
Firm Capital prop firm
Market Focus
Futures, Stocks, Forex
Trading Style
News trading permitted, overnight holding allowed, weekend holding allowed
Retail Accessibility
Open to retail traders
Based in
St Helier
Trader availability
Not clearly stated
Known For
Global macro hedge fund running discretionary and systematic strategies across rates, FX and credit.

Funding programs

Account types and the path to capital

Evaluation

Not required by this firm.

Instant funding

Not offered by this firm.

Scaling plan

No formal scaling plan documented.

Account sizes offeredFirm capital
Max allocation
Evaluation fee
Monthly subscription

Trading rules

What's allowed, what isn't

Asset classes supported

FuturesStocksOptionsForexCrypto
News trading allowedYes
Overnight holding allowedYes
Weekend holding allowedYes
Copy trading allowedNo

Related terms: trailing drawdown · consistency rule · profit split

Platforms & technology

Where and how you trade

Data feed provider
Instruments

Supported platforms

Proprietary

Payout structure

How and when you get paid

Profit splitUp to N/A (fund vehicle) to trader
Payout frequencySalary + bonus
First payout eligibilitySalary + bonus

Brevan Howard FAQs

Based on terms reviewed August 30, 2026

What should traders verify before choosing Brevan Howard?+

Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with Brevan Howard before purchasing.

Does Brevan Howard offer evaluation and instant-funding options?+

Brevan Howard does not require a traditional evaluation phase. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.

How do Brevan Howard's payouts and profit split work?+

The published profit split is up to n/a (fund vehicle) of net profits to the trader, depending on the program; payouts are processed on a salary + bonus basis; first payout eligibility: Salary + bonus. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.

What are Brevan Howard's main drawdown and trading restrictions?+

Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is allowed, copy trading is not permitted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.

Which platforms and markets are available at Brevan Howard?+

Platforms: Proprietary. Markets: futures, equities, forex. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.

Disclosure

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