Help & FAQ - Perps Fund

Getting Started

What Perps Fund is and how to begin.

What is Perps Fund?

Is this real-money trading?

How do I get started?

Who can join?

Do I need trading experience?

Challenges

Targets, sizes, and how the evaluation works.

What evaluation types are there?

What account sizes can I buy?

What's the profit target?

Is there a minimum number of trading days or a time limit?

What happens when I pass?

How many challenge accounts can I have at once?

Does every pass earn points?

Do I earn points for trading?

Who can see my points?

Can I try again if I breach?

Rules & Breach

The loss limits, position caps, and what ends a phase.

What are the loss limits?

If the rules change, do they apply to an account I already have?

Do unrealized profits and losses count?

How does the daily loss limit work?

How does maximum drawdown work?

What counts as a breach?

What happens the moment an account breaches?

Are there position limits?

What leverage can I use?

Funded Accounts

What changes after you pass.

What is a funded account?

What's the profit split?

Do the same risk rules apply when funded?

Can a funded account be reset or revoked?

Payouts & Withdrawals

Getting paid: thresholds, KYC, wallets.

How do payouts work?

What happens after I request a payout?

What's the minimum payout?

When do I need to verify my identity (KYC)?

Which network and asset can I withdraw to?

Why is my new wallet locked?

Can I connect my wallet instead of pasting the address?

What's the high-water mark?

How often are payouts processed?

Is two-factor authentication required?

Tournaments

Free, opt-in events ranked on realized profit.

What is a tournament?

What is a tournament account?

Can I sign up for a tournament before it starts?

What happens if a tournament I registered for is moved or cancelled?

Will I be reminded before a tournament starts?

How are tournament entrants ranked?

What can I win?

Trading & Markets

What you can trade and how fills work.

What can I trade?

Are fills real?

What are the trading fees?

What happens if a market is delisted?

Is there slippage?

Can I set a stop-loss or take-profit?

Is there a guide to what each order type does?

Can I place an order from the chart?

Billing, Account & Legal

Fees, support, data, and the legal basics.

Are evaluation fees refundable?

How do I contact support?

Can I trade through an API?

Can I export my trades?

Can an AI assistant read my trading history?

How is my data handled?

Is any of this financial advice?

What are the risks?

Still have questions?

Ask the team and other traders in the community on Discord.

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