Cashed

Cashed is a simulated-capital prop firm. One account covers perpetual futures and prediction markets. Prices follow live Hyperliquid and Polymarket references, and orders are not routed to those venues. Payouts are USDC on Solana. New checkouts use ruleset CAS-1.1. Cashed does not require KYC.

You do not buy a fixed account size. You choose a deposit from $5 to $1,500, and Cashed applies a multiplier. Deposit × multiplier is your Trading Power, the simulated starting balance. The deposit is an activation fee, not withdrawable capital. A discount changes what you pay, not the deposit used for the multiplier, unless the promotion says otherwise.

Account types

Figures below are from the CAS-1.1 rulebook. A $100 deposit is the example Cashed uses. At the $1,500 deposit cap, Standard is $180,000, Flex is $120,000, Instant is $60,000, and Build Your Own tops out at $330,000.

Rule	Standard	Flex	Instant	Build Your Own
Multiplier	120×	80×	40×	40–220×
Phase	Evaluation, then funded	Evaluation, then funded	Funded, no evaluation	Evaluation, then funded
Profit target	10%	8%	None	8%, 10%, or 12%
Daily loss	3%	4%	3%	2–5%
Max drawdown	6% static	7% static	6% static	3%, 5%, 6%, 7%, or 8% static
Starting split	80%	80%	80%	80%, 85%, or 90%

Build Your Own starts from a 120× base and adds or subtracts multiplier for each choice. Daily loss cannot be set above max drawdown. The result is clamped between 40× and 220×. A tighter drawdown or a lower split raises the multiplier. A higher split or an easier daily loss lowers it.

There is no minimum trading-day count, no consistency rule, no best-day rule, and no time limit to pass. An account with no trades for 90 days can be closed. Evaluation profit does not carry into the funded account. Passing waits if it would push the trader over the funded-capital cap.

Loss limits

Both limits use equity, so open P&L counts. The trading day is 00:00 to 23:59:59 UTC. The daily allowance is the daily-loss percentage times the greater of starting Trading Power or that day’s opening balance, so a profit day can widen the dollar allowance and a down day does not shrink it below the original allowance. Max drawdown is static off starting Trading Power and does not trail profits or move after a payout. Whichever floor is higher is the tighter one. A completed payout resets that day’s daily allowance off the remaining balance. It does not count as a trading loss.

On a $12,000 Standard account, the daily floor starts at $11,640 and the static floor stays at $11,280. News trading, overnight holds, weekend holds, and scalping are allowed. There is no minimum hold time and no mandatory stop. New Instant accounts also cap combined open exposure at 3× current equity.

Markets and leverage

The same balance, loss limits, target, split, and payout rules apply to perps and prediction markets. Launch leverage is up to 10× on BTC, ETH, and SOL, 5× on other major crypto and on equity, index, and commodity perps, and 2–3× on long-tail crypto. The live market list is the source of what is actually tradable. Cashed displays venue funding rates as reference data and does not currently charge or credit recurring funding.

Bots and API trading are allowed under the same rules as manual trading. You can copy between accounts you own, and you can copy another trader’s publicly enabled account. Copying trades across accounts you do not control, account sharing outside Cashed’s shared-account feature, and hedging the same risk across different users are prohibited.

Payouts

Funded accounts have no profit target. Close positions and cancel open orders before requesting a payout. The minimum trader payout is $20 USDC. Partial payouts are allowed. Each account can receive one payout every 24 hours. There is no weekly cash cap. Cashed says payouts should be processed as quickly as operations allow, and that a review can apply for fraud, sanctions, or security flags. Profitability alone is not a reason to deny a payout.

Instant accounts can request the first payout once closed net profit reaches 1% of starting Trading Power, with no waiting period. That first gross distribution is capped at 5% of starting Trading Power. Later Instant payouts use the same 24-hour interval.

The supported payout network is Solana USDC. Cashed intends to cover standard network fees. We have not independently verified Cashed payouts onchain.

Scaling and caps

Three qualifying payouts and 10% lifetime net funded profit scale the account to 125% of original Trading Power and can lift the split to 85%. Six qualifying payouts and 20% lifetime net profit scale it to 150% and can lift the split to 90%. A qualifying payout is at least 1% of current Trading Power in gross distributed profit. A Build Your Own account that already starts at 85% or 90% does not go above 90%.

A trader can hold at most $500,000 of active funded Trading Power at once, including Instant accounts, shared accounts, and scaled capital. Evaluations do not count until they are funded. There is no cap on how many evaluations or Instant accounts you can buy.

Cashed uses an XP balance that can discount checkout. It does not list a token. A jurisdiction for the operating company is not in the rulebook. Traders must be 18 or older, and Cashed keeps a separate list of restricted jurisdictions.