Review · verified October 12, 2026

Vest Markets review: rules, prices and payouts

Last updated October 12, 2026, 16:29 UTC · Verified October 12, 2026

Verdict: The pick if you want low-cost attempts on an exchange-native setup. Every account uses a static max drawdown, 2-Step accounts are inexpensive, Instant accounts pay a 95% split, and profit claims credit within 24 hours with no frequency cap. The trade-offs are account sizes that stop at $25,000, a daily loss floor measured on balance at a 20:00 ET reset, and legal terms that describe a simulated program.

Best for: Traders who want cheap attempts, static drawdown and stock, index and FX perps next to crypto, at sizes up to $25K.

Key facts

Challenge model: 1-step / 2-step / Instant (no evaluation)
Account: $5K · $10K · $25K
Profit target: 5%–10% · Instant: none (instant funding)
Daily loss: 3% · Instant: no daily limit
Max loss: 4%–6% · Static
Profit split: 80%–95% by plan (95% on Instant)
Payouts: On demand, as often as you like, with no cap on frequency or amount
Platform: Vest Markets
Markets: Crypto, Stocks, Indices, Commodities, Forex
Cheapest entry: $14.25 · $5K 2-Step
Discount code: PERPSCOPE · 5% off

Verdict

Vest Capital is the funded program of Vest Markets, a perpetual futures exchange for equities, indices, crypto, commodities and FX. It offers configurable 1-Step evaluations, a fixed 2-Step and Instant accounts from $500 to $25,000.

What works

Static max drawdown on every account, fixed at creation and never trailing.
Low-cost 2-Step accounts and configurable 1-Step evaluations (target, daily limit and split).
Instant accounts with a 95% split and no daily loss limit.
Profit claims credit within 24 hours, with no cap on frequency or amount.
Hundreds of perpetual markets covering crypto, US stocks, indices, commodities and FX, with up to 50x leverage on funded accounts.
Vest lists Coinbase and Jane Street among its backers.

Watch out for

Account sizes top out at $25,000.
Breaches close the account immediately and permanently, with no grace period.
Instant max drawdown is only 4% (2% on the $500 account).
The legal terms describe a simulated program and let Vest decide whether to trade or hedge your positions.
No API trading on funded accounts, and XRP and HYPE are unavailable.
The refund terms conflict. The Refund Policy says 3 days and the homepage FAQ says 28.

Challenge rules

Vest Markets: challenge rules by plan
Rule	1-Step	2-Step	Instant
Phases	1-step	2-step	Instant (no evaluation)
Profit target	10%	10% → 5%	None (instant funding)
Daily loss	3% of day-start equity	3% of day-start equity	No daily limit
Max loss	6% of starting balance	6% of starting balance	4% of starting balance
Drawdown type	Static	Static	Static
Minimum trading days	None	None	None
Profit split	80% (90% with paid upgrade)	80%	95%
Consistency / best-day rule	None	None	None
Account sizes	$5K, $10K, $25K	$5K, $10K, $25K	$5K, $10K, $25K

1-Step: Prices are the standard preset (10% target, 3% daily loss limit, 80/20). At purchase you can switch to a 20% target, a 4% or no daily limit, or a 90/10 split, and the price changes.

2-Step: One fixed configuration per tier (Silver $5K, Gold $10K, Platinum $25K).

Instant: Live from purchase with no evaluation and no daily loss limit. The max drawdown always equals the price paid. A $500 account is also available for $10, with a 2% ($10) max drawdown.

Daily reset: 20:00 New York time (America/New_York)
Minimum trading days: Vest's rules list no minimum trading days. You pass by hitting the profit target within the loss limits.
Time limit: None
Daily loss basis: 3% or 4% of the balance at the 20:00 ET reset (excluding unrealized PnL), checked against live equity. Optional on 1-Step
Max drawdown: Static, fixed at account creation and checked on equity at any moment
Breaches: Immediate, permanent closure with no warning or grace period
Refunds: Within 3 days of purchase if no trades were placed, per the Refund Policy (the homepage FAQ says 28 days)
API trading: Not available on funded or evaluation accounts
Sign-up: Email account required
Prohibited jurisdictions: Cuba, North Korea, Iran, Russia and Syria

Prices with code PERPSCOPE

List price, price after PERPSCOPE (5% off every Vest Capital funded account (1-Step, 2-Step and Instant)), and the dollar profit target and max loss for each account.

Vest Markets 1-Step: List price vs With PERPSCOPE
Account	List price	With PERPSCOPE	You save	Profit target	Max loss
$5K	$40	$38	$2	$500	$300
$10K	$80	$76	$4	$1,000	$600
$25K	$210	$199.50	$10.50	$2,500	$1,500

Vest Markets 2-Step: List price vs With PERPSCOPE
Account	List price	With PERPSCOPE	You save	Profit target	Max loss
$5K	$15	$14.25	$0.75	$500 → $250	$300
$10K	$35	$33.25	$1.75	$1,000 → $500	$600
$25K	$90	$85.50	$4.50	$2,500 → $1,250	$1,500

Vest Markets Instant: List price vs With PERPSCOPE
Account	List price	With PERPSCOPE	You save	Profit target	Max loss
$5K	$200	$190	$10	—	$200
$10K	$400	$380	$20	—	$400
$25K	$1,000	$950	$50	—	$1,000

Payouts

Profit split: 80%–95% by plan (95% on Instant)
Frequency: On demand, as often as you like, with no cap on frequency or amount
Payout minimum: Not published
Payout method: Your split is credited in USDC to your Vest Primary Account, and you can withdraw it to any wallet on a supported chain
Processing: Credited within 24 hours of every claim

The split is set at purchase and stays fixed. It is 80% or 90% on evaluation accounts and 95% on Instant.
Claims are irrevocable once submitted, and you may need to close open positions or orders first.
You can hold up to 10 live funded accounts and 100 evaluation accounts.

Platform and markets

You trade on Vest's own perpetual futures exchange, with cross margin across equities, indices, crypto, commodities and FX. The program terms call it a simulated program, while Vest's docs say Live Funded Accounts trade real Vest capital. Vest decides independently whether to trade or hedge your positions.

Platform: Vest Markets · Simulated accounts
Markets: Crypto, Stocks, Indices, Commodities, Forex. Hundreds of perpetual markets, including NYSE and NASDAQ stocks. XRP and HYPE are unavailable on funded accounts, and non-crypto markets follow the weekend market schedule.
Leverage: Up to 50x on funded accounts, set per market. Less liquid markets cap lower.

Company

Legal entity: Vest Exchange Inc.
Jurisdiction: Panama
Website: www.vestmarkets.com

Vest Capital is the funded program of Vest Markets, a perpetual futures exchange built by Vest Labs. Vest lists Coinbase, Jane Street, Selini, Amber and QCP among its backers.

Frequently asked questions

Who owns Vest Markets?

Vest Markets is operated by Vest Exchange Inc. (Panama). Vest Capital is the funded program of Vest Markets, a perpetual futures exchange built by Vest Labs. Vest lists Coinbase, Jane Street, Selini, Amber and QCP among its backers.

What is the Vest Markets profit split?

80%–95% by plan (95% on Instant) to the trader on funded accounts.

What is the max drawdown at Vest Markets?

Max loss by plan, as a share of the starting balance: 1-Step 6% (static), 2-Step 6% (static), Instant 4% (static). The daily loss limit is 3%, except Instant, which has none.

Does Vest Markets have minimum trading days or a time limit?

Vest's rules list no minimum trading days. You pass by hitting the profit target within the loss limits. There is no time limit on the evaluation.

How do Vest Markets payouts work?

On demand, as often as you like, with no cap on frequency or amount. Minimum: Not published. Paid via your split is credited in USDC to your Vest Primary Account, and you can withdraw it to any wallet on a supported chain. Credited within 24 hours of every claim.

Which platform does Vest Markets use?

Is there a Vest Markets discount code?

Yes. Code PERPSCOPE gives 5% off every Vest Capital funded account (1-Step, 2-Step and Instant). Verified October 12, 2026.

Is the PERPSCOPE code for Vest Markets or Vest Capital?

They are the same place. Vest Capital is the funded program on Vest Markets (VEST). Sign up through the PERPSCOPE link and use code PERPSCOPE for 5% off.

Can I sign up for Vest Capital with only a crypto wallet?

No. Vest Capital requires an account registered with an email address.

How do Vest Capital payouts work?

Submit a Claim Profit request from your funded account. Your split is credited in USDC to your Vest Primary Account within 24 hours, and you can then withdraw it to an external wallet. There is no cap on how often or how much you claim.

What leverage do Vest funded accounts get?

Up to 50x, set per market. Less liquid or more volatile markets cap lower.

Sources

Every figure on this page comes from the firm's official site and checkout, last checked October 12, 2026. Terms change, so the checkout total is final.