Vest Capital,
read line by line.
A perps prop firm with a drawdown that never trails, a $15 front door and profits you can claim any day in USDC on Base. Backed by Jane Street and Coinbase Ventures. We went through the docs, the terms and the fine print so you know exactly what you're buying.
A perps exchange that funds its own traders.
Jane Street, Coinbase Ventures, Amber Group, QCP Capital, Selini Capital, plus executives from Citadel, UBS and HRT.
Deposits and withdrawals in USDC on Base, Coinbase's L2. Fast, cheap, and your wallet is the bank.
Roughly 27,000 traders and a reported new raise in October 2026 on top of earlier seed rounds.
Three doors. Pick by temperament.
Two targets instead of one, at well under half the price of the 1-Step. If you don't mind passing twice, this is the value play.
| Account | Fee | Step 1 | Step 2 | Daily loss | Floor |
|---|---|---|---|---|---|
| $5,000 | $15 | $500 | $250 | $150 | $4,700 |
| $10,000 | $35 | $1,000 | $500 | $300 | $9,400 |
| $25,000 | $90 | $2,500 | $1,250 | $750 | $23,500 |
Desk notePlatinum ($25K for $90) is the best dollar-for-dollar account Vest sells.
Get the 2-Step accountThe floor doesn't follow you up.
Room left on Vest after a $1,200 winning run. The $23,500 floor never moved.
Room left on a trailing-drawdown account with the same trades. The floor chased the peak.
Measured on equity
Open losses count. A wick through the floor closes the account even if price snaps back a minute later.
Daily limit resets 8 PM ET
The 3% or 4% daily limit is based on your 8:00 PM ET balance and stays live overnight and through weekends.
Hard breach
No warning, no grace period. Fees and funding also draw against your limits.
ES and NQ, without touching the CME.
Max leverage · funded
- ES · S&P 50075x
- NQ · Nasdaq 10050x
- BTC, ETH15x
- Gold, silver, crude, most stocks5–10x
- FX majors, other crypto5x
Leverage is a ceiling, not a target. A full NQ-equivalent can erase a $25K floor on an ordinary move.
Weekend schedule
| Market | Closes | Reopens |
|---|---|---|
| Crypto | 24/7 | — |
| ES, NQ, commodities | Fri 5:00 PM ET | Sun 6:00 PM ET |
| Single stocks | Fri 8:00 PM ET | Sun 8:00 PM ET |
| Forex | Locked weekends | — |
Weekend holds are allowed, but you can't touch the position until reopen. A Sunday gap can breach you.
USDC on Base, start to finish.
- 1
Fund
Pay your fee in USDC on Base from any wallet. Sign up with email, Google or a wallet.
- 2
Claim
Hit Claim Profit on a funded account. Your split lands in your main account within 24h. No minimum, no frequency cap.
- 3
Withdraw
Send USDC to your own wallet from 1 USDC. Instant up to $50K per rolling 24 hours.
- 4
Cash out
Want dollars? Move the USDC to Coinbase and sell. Expect a day or two to your bank.
What you can and can't do.
Allowed
- +News trading, before, during and after releases
- +Scalping and fast manual trading
- +Holding overnight and over the weekend
- +No daily flatten, no minimum days, no time limit
Not allowed
- −API trading, bots and EAs
- −Third-party trade copiers
- −Opposite positions across your own accounts
- −VPNs to get around country restrictions
Where it wins, where it doesn't.
across six categories
- Rule design8.6
Static floor, no consistency rule, no clock.
- Cost of entry9.0
$15 for a real attempt is near the floor of the industry.
- Payout speed8.8
Claim any day, credited within 24h, USDC out.
- Platform & execution6.8
Own perps venue only. Mark price can drift from CME.
- Terms & transparency5.9
Docs, FAQ and terms disagree in places.
- Track record6.2
Young program, three pricing incidents in 2026.
Strengths
- +Floor is set at purchase and never trails
- +$15 entry on the 2-Step Silver
- +ES and NQ as perps — rare in prop
- +No consistency rule, no clock, no minimum days
- +Claim profit any day, USDC within 24 hours
- +95% split on Instant accounts
Weaknesses
- −Accounts top out at $25K each
- −Payouts are USDC only — no wire or PayPal
- −Vest's own platform only, no TradingView execution
- −Equity-based hard breach, no grace period
- −Offshore terms with Panama arbitration
- −Docs, FAQ and terms contradict in places
Vest's own docs describe live accounts as real capital, while the September 2026 prop terms describe the program as simulated. The exchange also logged pricing incidents in April and June 2026 — affected accounts were restored or compensated. Vest's perp price can drift from CME during thin overnight sessions. Screenshot the rules on the day you buy.
Our pick for each kind of trader.
Learn the venue under real rules for the cost of lunch.
Choose this→$25K with a static $1,500 floor. Hard to beat per dollar.
Choose this→10% target, 4% daily. Pay for 90% only if you'll keep it.
Choose this→95% split, claim day one. Trade small — 4% goes fast.
Choose this→Questions traders actually ask.
Is Vest Markets legit?
Vest is a funded company with named institutional investors, including Jane Street and Coinbase Ventures, and traders report receiving USDC payouts. It is also young, operates its prop terms out of Panama, and isn't overseen by a financial regulator. Start small and claim profits regularly.
Does Vest Capital use a trailing drawdown?
No. The max loss is fixed at 6% of the starting balance on evaluations (2–4% on Instant) and never moves. It is measured on equity, so open losses count toward it.
How do deposits and withdrawals work?
Everything runs in USDC. Fund your account with USDC on Base, claim profits from a funded account (credited within 24 hours), then withdraw USDC to your own wallet. To get dollars in a bank, send the USDC to an exchange like Coinbase and sell it.
Can I trade ES and NQ?
Yes, as perpetual futures that track the S&P 500 and Nasdaq 100. They are not CME contracts: no expiry, sized in units (5 ES units = 1 MES, 2 NQ units = 1 MNQ), and funding settles hourly.
Is there a consistency rule or minimum trading days?
No consistency rule, no minimum days and no time limit on any evaluation.
Can I use bots, EAs or a trade copier?
No. API trading, bots and third-party copiers are not allowed on evaluation or funded accounts. Manual scalping and news trading are fine.
How many accounts can I run?
Up to 10 live funded accounts at once (Instant included) and up to 100 evaluations. Ten $25K accounts puts the ceiling at $250K.
Which countries can't join?
The prop terms list China (including Hong Kong and Macao), Cuba, North Korea, Iran, Russia and Syria. KYC is required, and using a VPN to get around restrictions is prohibited.
Can I get a refund?
Only if you haven't placed a trade. The FAQ and the terms disagree on the window (28 days vs 3 days), so treat it as 3 days.
A floor that stays put.
Profits that leave same day.
Start with the $15 2-Step if you're new to perps, or go straight to Instant if your edge is proven.