Research profile

Profile data updated: October 15, 2026

Brevan Howard

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
Geographic availability
Worldwide policy not clearly stated
U.S. traders:Not confirmed

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 global macro alternative investment platform founded in 2002, trading directional, relative-value, and derivative strategies across global markets.

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
Geographic availability
Worldwide policy not clearly stated
Known For
Specialises in global macro and digital assets

Payout structure

How and when you get paid

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

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 allowedⓘNo

Related terms: trailing drawdown · consistency rule · profit split

Platforms & technology

Where and how you trade

Data feed provider—
InstrumentsSecurity futures contracts, derivatives

Supported platforms

Proprietary

Brevan Howard FAQs

Based on terms reviewed October 15, 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.

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