GhostProp offers 50K futures and 10K perps evaluations, with three ready-made plans in each: Shade, Phantom and Specter. Build your own sets each rule from the same list of choices.
What the plan sets
Your profit target, drawdown, daily loss limit, consistency rule, position size, profit split and payout caps. Everything else on this page applies to every plan unless it says otherwise.
Simulated
Every account is simulated: trades never reach a live market, and payouts are performance rewards paid by GhostProp based on simulated results. See the risk disclosure.
Futures evaluations trade CME Group futures. You pass when your balance reaches the profit target and your best day is within the plan's consistency share. There is no minimum number of trading days.
50K Futures plans · trading rules updated November 3, 2026 · every account is simulated. Each row links to its rule.
| 50K Futures | Shade | Phantom | Specter |
|---|
| Evaluation fee | $69 launch price (list $138) | $139 launch price (list $278) | $259 launch price (list $518) |
|---|
| Profit target | $3,000 (2x the drawdown) | $3,500 (1.75x the drawdown) | $3,750 (1.5x the drawdown) |
|---|
| Max drawdown | $1,500 end-of-day trailing | $2,000 end-of-day trailing | $2,500 end-of-day trailing |
|---|
| Daily loss limit | $750 soft: ends the day, not the account | $1,000 soft: ends the day, not the account | $1,250 soft: ends the day, not the account |
|---|
| Consistency | Best day up to 20% of profit, to pass and in every payout cycle | Best day up to 40% of profit, to pass and in every payout cycle | Best day up to 40% of profit, to pass and in every payout cycle |
|---|
| Minimum trading days | None | None | None |
|---|
| Max position | 5 minis or 50 micros | 5 minis or 50 micros | 5 minis or 50 micros |
|---|
| Activation fee | $149 after you pass | $149 after you pass | None: funded at the pass |
|---|
| Profit split | 80 / 20 | 80 / 20 | 80 / 20 |
|---|
| Payout cap | $750 on payouts 1 to 3, $1,000 from payout 4 | $1,000 on payouts 1 to 3, $1,250 from payout 4 | $1,250 on payouts 1 to 3, $1,500 from payout 4 |
|---|
| Payout when | Any day, from profit since your last payout above $51,600 | Any day, from profit since your last payout above $52,100 | Any day, from profit since your last payout above $52,600 |
|---|
| Choose | Start Shade | Start Phantom | Start Specter |
|---|
Trading day
A trading day follows the CME Globex session, which ends at 17:00 ET. Daily loss limits, consistency and the trailing floor are measured per trading day.
Flat by 16:50 ET
All futures positions must be closed by 16:50 ET each trading day. Positions open at that time are closed for you. No overnight or weekend positions.
Max position
The most contracts you may hold at once, counted in minis, with 10 micros equal to 1 mini. There is no time limit and no minimum number of trading days.
Rule 3
Futures funded accounts and payouts
When you pass and complete identity verification, you get a 50K funded account on the same plan. Shade and Phantom charge a one-time $149 activation fee; Specter has none and is funded at the pass.
Activation
The fee is charged only after you pass, is never discounted, and your evaluation converts into the funded account as soon as it is paid. On Specter it converts at the pass. Funded accounts keep the plan's drawdown, daily loss limit and position size.
When you can request
- Profit since your last payout, above the withdrawal buffer: the starting balance plus the drawdown plus $100 ($51,600 on Shade, $52,100 on Phantom, $52,600 on Specter).
- No day above the plan's consistency share of the cycle's profit: 20% on Shade, 40% on Phantom and Specter.
- No open positions when you request.
- No winning-day count and no minimum number of trading days.
How much
Only profit made since your last payout can be withdrawn; the buffer always stays. The minimum request is $250, and each request is limited by your plan's payout cap: one cap for payouts 1 to 3 and a higher cap from payout 4 on ($750 then $1,000 on Shade, $1,000 then $1,250 on Phantom, $1,250 then $1,500 on Specter). Your share is 80%.
On-demand processing
Request any day once you are eligible. A request that passes review is paid the same business day. The amount is deducted from the account when you request, and a new cycle starts. Each funded account can take up to 6 payouts. Payouts come from the payout fund, which receives 50% of every purchase.
Worked example
A funded Phantom account closes at $52,520 with no day above 40% of the cycle's profit. Everything above the $52,100 buffer can be requested: up to $420, and at least $250. A $400 request takes the balance to $52,120 and starts a new cycle.
Perps evaluations trade perpetual futures, open 24/7, on a 10K account. You pass when your balance reaches the profit target with no open positions and your best day within the plan's consistency share, without touching your drawdown floor or your daily loss limit.
10K Perps plans · trading rules updated November 3, 2026 · every account is simulated. Each row links to its rule.
| 10K Perps | Shade | Phantom | Specter |
|---|
| Evaluation fee | $29 launch price (list $58) | $49 launch price (list $98) | $79 launch price (list $158) |
|---|
| Profit target | 6% ($600) | 7% ($700) | 7.5% ($750) |
|---|
| Max drawdown | 3% ($300) end-of-day trailing | 4% ($400) static | 5% ($500) static |
|---|
| Daily loss limit | 2% ($200) hard: ends the account | 3% ($300) hard: ends the account | 4% ($400) hard: ends the account |
|---|
| Consistency | Best day up to 20% of profit, to pass and in every payout cycle | Best day up to 40% of profit, to pass and in every payout cycle | Best day up to 40% of profit, to pass and in every payout cycle |
|---|
| Minimum trading days | None | None | None |
|---|
| Activation fee | None | None | None |
|---|
| Profit split | 80 / 20 | 80 / 20 | 80 / 20 |
|---|
| Payout cap | $150 per request, up to 3 payouts | $200 per request, up to 3 payouts | $250 per request, up to 3 payouts |
|---|
| Payout when | Any day, from profit since your last payout, when flat | Any day, from profit since your last payout, when flat | Any day, from profit since your last payout, when flat |
|---|
| Choose | Start Perps Shade | Start Perps Phantom | Start Perps Specter |
|---|
Percentages
Perps terms are a share of the $10,000 starting balance: 1% is $100. There is no time limit, no minimum number of trading days and no activation fee.
Funding
Perpetual positions held at a market's funding time are charged or credited funding. Funding counts toward your balance, profit target and drawdown.
Rule 5
Perps funded accounts and payouts
Request a perps payout any day you have profit since your last payout. Each payout is that profit, up to the plan's cap. There is no buffer and no winning-day requirement.
Flat at request
Close every position before you request. A request that passes review is paid the same business day.
Split and caps
The profit split is 80%, up to the plan's cap per request: $150 on Shade, $200 on Phantom, $250 on Specter. The minimum is $50. No day may be above the plan's consistency share of the cycle's profit. Up to 3 payouts per account, and $25,000 in total perps payouts per trader.
Your drawdown floor is the lowest your account may go. If your balance, including open profit and loss, touches the floor at any time, the account fails.
End-of-day trailing
The floor starts at the starting balance minus the plan's drawdown. After each trading day, if your closing balance is a new high, the floor moves up to that high minus the drawdown. It never moves down, and intraday highs do not move it. On futures, it stops trailing at $50,100.
End-of-day vs intraday trailing, explained →
Static
The floor is fixed at the starting balance minus the drawdown and never moves. Perps Phantom (4% static) has a floor of $9,600 for the life of the account, however high the balance goes.
Worked example: futures Phantom, $2,000 drawdown
| Session | Closing balance | Highest close | Floor |
|---|
| Start | $50,000 | $50,000 | $48,000 |
|---|
| Day 1: closes at a new high | $50,600 | $50,600 | $48,600 |
|---|
| Day 2: reaches $51,400 during the session | $50,900 | $50,900 | $48,900 (the close counts, not the intraday high) |
|---|
| Day 3: closes lower | $50,300 | $50,900 | $48,900 (never moves down) |
|---|
| Later: a close of $52,100 or more | $52,100 | $52,100 | $50,100, stops trailing |
|---|
Try your own numbers in the drawdown calculator.
The daily loss limit is measured from the balance at the start of the trading day, including open profit and loss. Every ready-made plan has one; Build your own can remove it.
Futures
- Half the drawdown, soft: $750 on Shade, $1,000 on Phantom, $1,250 on Specter. Reaching it closes your positions and ends trading for the rest of that day. The account stays open, and you trade again the next day.
Consistency rules make sure a pass or a payout reflects repeatable trading rather than one outsized day. A large day never fails the account.
Evaluation
Your best single day may be at most the plan's share of your total profit when you pass: 20% on Shade, 40% on Phantom and Specter, on futures and perps. Example on futures Phantom: with a best day of $1,500, you pass once your total profit is at least $3,750, because $1,500 is 40% of $3,750.
Funded
In a payout cycle, no single day may be more than the plan's share of the cycle's profit: 20% on Shade, 40% on Phantom and Specter. If one day is above that share, the request waits until more profit in the cycle brings it within the share.
How the consistency rule is calculated →
On funded futures accounts, if more than 30% of a day's trades last under 5 seconds, the profit from that day's profitable short trades is removed from payouts. The account is not failed.
Why
It keeps payouts tied to trading that would be realistic in a live market.
Rule 10
Accounts and copy trading
Every account must belong to, and be traded only by, the verified account holder. You can hold up to 5 funded accounts at a time.
Account limit
If you pass an evaluation while you already hold 5 funded accounts, the new funded account waits until a slot opens.
Copy trading
Allowed across up to 5 of your own accounts at a time, using the same direction on each.
Rule 11
Prohibited conduct
The following are not allowed on any account. Breaking these rules can lead to removal of profits, denial of payouts and closure of every account involved.
Between accounts and people
- Hedging across accounts: opposite or offsetting positions in the same or closely related instruments across your accounts, or with another trader's.
- Account sharing or third-party trading, including paid account-passing services.
- Multiple identities to get around account limits or payout caps.
- Coordinated trading: opposing or mirrored trades with other traders that move risk between accounts.
Against the simulation and the rules
- Exploiting the simulation: price errors, stale or delayed data, latency, fills that would not happen in a live market, or platform faults.
- Gaming the rules: strategies whose purpose is to pass or reach payouts through the rules rather than through trading, such as all-or-nothing bets sized to hit the target or the floor in one move.
- Payment abuse: chargebacks or payment disputes on fees for services you received.
Rule 12
Payout review and identity
Every payout request is reviewed against these rules. A clean request is paid the same business day; one that needs more review may take longer, and you are told why.
Identity (KYC)
Complete identity verification before your first payout. The name on your verified identity must match your account and your payout method.
Discretion and taxes
Payouts are performance rewards paid at GhostProp's discretion, exercised in good faith and in line with these rules. A request that breaks a rule may be reduced or denied, and a serious or repeated violation closes the account. You are responsible for any taxes on payouts.
Rule 13
Changes to these rules
We may update these rules. Changes apply to evaluations bought after the change is published, unless a change is needed to stop abuse or comply with law. The date at the top of this page shows the latest version. Questions go to support@ghostprop.com.