Applies to: Futures
Short answer
Direct is instant funding with no evaluation and no profit target. Sign your Trader Agreement and start trading on a funded account straight away. You can request a payout once you hit the profit goal and meet the consistency rule. There's no buffer, and the profit split is 90%.
Key numbers
$25K | $50K | $100K | $150K | |
Max trailing drawdown (end of day) | $1,500 | $2,000 | $3,500 | $4,500 |
Daily loss limit (soft breach) | $1,000 | $1,250 | $2,500 | $3,000 |
Max contracts (Minis / Micros) | 1 / 10 | 4 / 40 | 8 / 80 | 12 / 120 |
Profit goal: 1st payout | $1,500 | $3,000 | $6,000 | $9,000 |
Profit goal: 2nd+ payout | $1,000 | $2,000 | $4,000 | $6,000 |
Payout cap: payouts 1–3 | $1,000 | $2,000 | $2,500 | $3,000 |
Payout cap: payouts 4+ | $1,000 | $2,500 | $3,000 | $3,500 |
Consistency: 20% / 25% / 30% (see below). Buffer: none. News trading: allowed. Profit split: 90%.
Getting started
There's no evaluation and no profit target. Once your account is issued, sign your Trader Agreement and you can start trading.
Risk limits
Daily loss limit
If your balance or equity falls below the daily loss limit, all open trades are closed and the account is disabled for the rest of the day. This is a soft breach: trading unlocks at the 5:00 PM New York rollover.
Maximum trailing drawdown
Direct uses an end-of-day (EOD) trailing drawdown. Your loss limit moves up only when you set a new highest end-of-day closing balance. It doesn't follow unrealised profit during the day, and it never moves down. It stops trailing once it reaches your starting balance + $100. Hitting it is a hard breach.
Account | End-of-day balance where trailing stops | Fixed loss limit |
$25K | $26,600 | $25,100 |
$50K | $52,100 | $50,100 |
$100K | $103,600 | $100,100 |
$150K | $154,600 | $150,100 |
After any payout, your drawdown floor also locks at starting balance + $100.
Contract limits
Direct has fixed contract limits from day one, with no scaling.
Payouts
Consistency rule
Within each payout cycle, your best day must be below a set share of your total profit. Until it is, the payout button stays unavailable. Your account isn't breached; you just keep trading.
Payout | Best day must be below |
1st | 20% of total profit |
2nd | 25% of total profit |
3rd onwards | 30% of total profit |
Example: for your first payout, a $1,000 best day means you need at least $5,000 total profit.
Profit goals
Before each payout, reach the profit goal for your account size. Both the profit goal and the consistency count reset after each payout request. Example on $50K: $3,000 profit for your first payout, then another $2,000 for your second, and another $2,000 for your third.
Caps, buffer and split
Caps: payouts 1–3 have a lower cap, and from your 4th payout the cap increases (see table).
Buffer: none. You can request a payout as soon as you meet the consistency rule and profit goal.
Profit split: 90%. Minimum: $500 by crypto or Rise.
Other rules
News trading: allowed. Expect slippage and wider spreads around high-impact news.
Stop losses: not mandatory, but every trade needs a defined risk. See Futures risk management rules.
Copy trading: only between accounts you legally own.
Microscalping: less than 50% of your profit may come from trades held under 10 seconds.
Fees: one-time purchase. No monthly or activation fees.