Most prop firms exist on the back of a mathematical illusion: that retail forex traders are profitable enough to fund. They almost never are. The industry survives by selling evaluations to traders who fail, then selling them resets, then selling them more evaluations. It's a working business model, but it isn't one we wanted to build.

Crypto perpetuals are the first market. The account is simulated, the rules are published, and the risk engine decides whether an order is accepted. Traders do not deposit trading capital. Their maximum direct loss is the evaluation fee.

The rules cover profit target, max drawdown, daily loss, consistency, and leverage. A breach flattens positions and locks the account. Eligible profits can be requested as a payout.

We treat the firm like an exchange of trust: we extend capital and rules, you bring skill and discipline. Both sides need each other to make money. The whole product design follows from that.