Research profile
Profile data updated: October 7, 2026
Vest Capital
Vest Exchange Inc.
Perpetual-futures prop program from Vest Markets with 1-step, 2-step and instant accounts from $500 to $25K, static drawdown and on-demand profit claims.
- Headquarters
- New York, NY
- Founded
- —
- Funding model
- Evaluation + Instant Funding
- Geographic availability
- U.S. traders:Not confirmed
May suit
traders focused on equities, forex, crypto; traders who want a choice between evaluation and instant-funding paths; traders who want a published scaling path.
Consider alternatives if
you require futures, options.
Trader rating
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Overview
What this firm is and who it serves
Vest Capital is the prop trading program of Vest Markets, a perpetual-futures platform built by New York-based Vest Labs. Traders buy a one-time evaluation or an instant account and trade USDC-margined perpetuals on hundreds of NYSE and Nasdaq stocks, index perps such as ES and NQ, crypto, commodities and FX, with up to 50x leverage on funded accounts. The evaluation path comes in three tiers, Silver ($5,000), Gold ($10,000) and Platinum ($25,000). A 1-Step account is configured at checkout from a 10% or 20% profit target, a 3%, 4% or no daily loss limit, and an 80/20 or 90/10 split, giving 36 priced combinations from $25 to $450. A fixed 2-Step account (10% then 5%, 3% daily loss, 80/20) costs $15, $35 or $90. Every evaluation account has a static 6% max drawdown that never trails. Instant Accounts skip the evaluation: the one-time payment ($10, $200, $400 or $1,000) equals the static max drawdown on a $500, $5K, $10K or $25K account, with a flat 95% split and no daily loss limit. There is no time limit, and funded profit can be claimed at any time, credited as USDC within 24 hours. Vest's docs describe live funded accounts as "real Vest capital, not simulated." Its Prop Terms of Service (updated 28 September 2026) describe the program as "a simulated proprietary trading program" run by Vest Exchange Inc., a Panama corporation: users do not execute live trades, balances are notional, payouts are program compensation rather than a share of live-trade profit, and Vest may trade or hedge on traders' ideas with its own capital. In October 2026 Fortune reported a $13 million seed round led by Portal Ventures.
At a glance
Structured facts about this firm
- Firm Type
- Evaluation + Instant Funding prop firm
- Market Focus
- Stocks, Forex, Crypto
- Trading Style
- Overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- New York, NY
- Geographic availability
- Global (some jurisdictions excluded)
- Known For
- Configurable 1-Step evaluation (36 combinations)
- CEO
- Justin Ma
- Team size
- 22 (Fortune, Oct 2026)
- Operating name
- Vest Exchange Inc.
Funding programs
Account types and the path to capital
Evaluation
1-Step Evaluation
SourceConfigurable one-step evaluation on $5K, $10K or $25K: 10% or 20% target, 3%/4%/no daily loss limit, 80/20 or 90/10 split; static 6% max drawdown.
- Profit split
- 80–90%
- Payouts
- On demand
- First payout
- Any time once Live Funded
- Max allocation
- $25,000
- Max drawdown
- 6% (static)
- Daily loss limit
- 3%
- Platforms
- Vest Markets
Pricing notes
$25–$450 one-time across 36 combinations (e.g. $5K 10%/3%/80-20 $40; $25K 10%/no DLL/90-10 $450).
2-Step Evaluation
SourceFixed two-step evaluation: 10% then 5% target, 3% daily loss limit, static 6% max drawdown, 80/20 split.
- Profit split
- 80%
- Payouts
- On demand
- First payout
- Any time once Live Funded
- Max allocation
- $25,000
- Max drawdown
- 6% (static)
- Daily loss limit
- 3%
- Platforms
- Vest Markets
Pricing notes
$15 / $35 / $90 one-time for $5K / $10K / $25K.
Instant Funding
Instant Account
SourceNo evaluation: payment equals a static max drawdown (2% on $500, 4% on $5K/$10K/$25K); no daily loss limit; 95% split.
- Profit split
- 95%
- Payouts
- On demand
- First payout
- Any time from purchase
- Max allocation
- $25,000
- Max drawdown
- 4% (static)
- Platforms
- Vest Markets
Pricing notes
$10 / $200 / $400 / $1,000 one-time for $500 / $5K / $10K / $25K.
Trading rules
What's allowed, what isn't
Asset classes supported
Scaling rules
No scaling plan published. Account capital is fixed by tier ($5K–$25K) and loss limits carry unchanged from evaluation to Live.
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Very low entry prices ($15 2-Step, $10 Instant)
- +Static 6% max drawdown on every evaluation account
- +No time limits and no stated minimum trading days
- +Claim profit any time with no frequency or amount cap
- +Option to remove the daily loss limit
- +Crypto trades 24/7; positions can be held over weekend locks
Trade-offs
- −Prop Terms call the program simulated and balances notional, despite real-capital marketing
- −Small capital (max $25,000 per account)
- −Instant drawdown is only 2–4% of capital
- −Breaching max drawdown or daily loss closes the account permanently with no grace period
- −Payouts arrive as USDC on the platform, then need a separate on-chain withdrawal
- −US eligibility unclear: prop terms do not exclude the US but the main Vest Markets terms do
- −Single-account policy
Vest Capital FAQs
Based on terms reviewed October 7, 2026
What should traders verify before choosing Vest Capital?+
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 Vest Capital before purchasing.
Does Vest Capital offer evaluation and instant-funding options?+
Vest Capital offers an evaluation (challenge) path and an instant-funding path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do Vest Capital's payouts and profit split work?+
The published profit split is up to 95% of net profits to the trader, depending on the program; payouts are processed on a on demand, any time from a live funded account; credited as usdc to the primary account within 24 hours basis; first payout eligibility: Any time once the account is Live Funded; no stated minimum days or amount. Open positions or orders may need to be closed before a claim.. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
How does Vest Capital's scaling plan work?+
Vest Capital publishes a scaling ceiling of up to $25,000 through scaling. No scaling plan published. Account capital is fixed by tier ($5K–$25K) and loss limits carry unchanged from evaluation to Live. A scaling ceiling is the maximum allocation reachable over time — not the size of an initial funded account.
What are Vest Capital's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: overnight holding is allowed, weekend holding is allowed. 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 Vest Capital?+
Platforms: Vest Markets. Markets: equities, forex, crypto. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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