Vest Markets Review
Vest Markets runs a perpetual-futures exchange and sells simulated funded accounts through Vest Capital: two evaluation models and an Instant model from $500 to $25K, with profit claims paid in USDC under terms set by Vest Exchange Inc. of Panama.
- 1-Step· 10% or 20% target
- 2-Step· 10% then 5%
- Instant· no evaluation
Some official terms conflict. Vest's own pages (Prop Terms, docs, FAQ and homepage) disagree on at least 8 material points, including whether funded accounts use real capital (the binding Terms say every account is simulated) and whether refunds run 3 or 28 days; further differences are noted inline. See both versions
- List price from
- $10
- Models on sale
- 3
- Document conflicts
- 8+ open
- Research checked
- 16 Oct 2026
Affiliate link · may earn commission
- Account models
- 3 on sale
- 1-Step (12 option sets), 2-Step, Instant
- List price from
- $10
- Instant, $500, one-time; evaluations from $15
- Profit split
- 80–95%
- 1-Step 80% or 90% (chosen); 2-Step 80%; Instant 95%
- Payout pledge
- 24 hours
- Claim to Vest's exchange account, then a USDC withdrawal; not a measured time
- Max starting size
- $25K
- All three models; no scaling plan published
- Platforms
- Proprietary
- Vest's own web platform; no API on funded accounts
Editorial assessment & evidence status
No numerical scoreBasis
- 13 official documents read, both Prop Terms versions included
- 43 list prices checked against the docs matrix
- 8 key conflicts open; more noted inline
- No purchase, payout, refund or support test
16 Oct 2026, 02:18–02:58 UTC. Methodology
Pricing transparency
Clear list pricesAll 43 one-time prices are public and match the docs matrix. No activation, reset or data fee is published; discount codes were not tested.S9S4
Rule clarity
Short but conflictingFew rules, each with worked examples, but the docs and FAQ disagree on the daily-limit basis and funded leverage, and the Terms let Vest model your fills.S5S8S13S1
Review platforms and social channels were not checked; that does not mean Vest has no reviews.
How funding works at Vest Markets
Instant accounts skip the evaluation, not the payout conditions.
- Step 1
Choose a model
3 modelsCheck both Prop Terms country lists first. - Step 2
Buy and get access
From $10One-time Stripe payment; you accept the Prop Terms at checkout. - Step 3
Pass the evaluation
10%, 20% or 10% + 5%1-Step or 2-Step; Instant skips this. - Step 4
Qualify and verify
No minimum daysClose positions and pass ID checks before payment. - Step 5
Claim profit
80–95%USDC to your Vest account in 24 hours (Vest's figure), then to a wallet.
Our verdict on Vest Markets
What Vest publishes. Every fee is public and one-time: $10 (Instant, $500) up to $1,000 (Instant, $25K), with the 2-Step at $15–$90 and the 1-Step at $25–$450 depending on its options. The rules are short: a static maximum-loss floor, a daily limit on most evaluation plans, no consistency rule, no minimum days and claims at any time once Live.S9S4S5S6S8
What is unresolved. Vest's pages disagree on whether Live accounts use real capital, whether refunds run 3 or 28 days, how the daily limit treats open profit and how much leverage a funded account gets. The binding Prop Terms changed on 14 Oct 2026, while the docs still carry the 6 Oct version.S1S2S3S5S8S13
What is unverified. Vest names a Panama operator and a Panama City postal address but publishes no registration number or launch date. Its listed backers, its “3,500+ traders” and its 24-hour processing are its own claims, and the Terms let it model your fills and pay compensation only from its own funds.S1S11S9S20S15S6
How we review & sourcing: built from Vest's binding Prop Terms (both published versions), its docs, FAQ, product pages and policies as published on 16 Oct 2026, plus 13 supporting pages. We did not buy an account, trade, or request a payout or refund. Sources and method
Bottom line · Very cheap entry and short, static rules, but a simulated program whose payouts come from Vest's own funds and whose pages contradict each other on capital, refunds and limits. If you buy, read the Prop Terms you accept at checkout and treat the fee as money you can afford to lose.
Pros
- Entry from $10; evaluations from $15, all one-time
- Static loss floors, no consistency rule, no minimum days
- Claims at any time once Live, with no frequency or amount cap
- News, scalping and HFT allowed; weekend holds too
- Full price matrix and incident reports published
Cons
- Prop Terms call every account simulated, Instant included
- Thin room: 6% on evaluations, the fee (2–4%) on Instant
- Official pages conflict on at least 8 points
- USDC only, routed through Vest's own exchange account
- Vest may model your trades' price impact on your fills
Who Vest Markets may suit
May suit
- Traders who want a low-cost test: $10 for a $500 Instant, $15 for a $5K 2-Step
- Short-term traders of index, stock and crypto perpetuals
- News and high-frequency traders, since neither is restricted
- Traders already set up to receive USDC on Base or Arbitrum One
Use caution if you
- Want real capital or a regulated counterparty
- Trade with wide stops: the most room is 6%
- Need fiat payouts, or live in the US or UK
- Rely on an API, bots or a trade copier
Availability & country restrictions
The Prop Terms bar citizens and residents of their prohibited jurisdictions, the Government of Venezuela and anyone on US, EU, UK or UN sanctions lists; the 14 Oct version adds the Philippines. The exchange's own Terms of Service separately bar the US and the UK, and profit claims land in an exchange account, so ask support how you would be paid.S2S1S18S6
On both lists
- Cuba
- Iran
- North Korea
- Russia
- Syria
Prop Terms, 14 Oct (checkout) only
- Philippines
Absence from both lists does not confirm acceptance, and using a VPN to get round a restriction is a prohibited use.
Account sizes, fees and discounts
Vest charges a one-time USD fee through Stripe, with no subscription. All 43 list prices in the homepage product list match the docs matrix; the cheapest is $10 for a $500 Instant, and evaluations start at $15 ($5K 2-Step). Each 1-Step cell spans its 12 option sets.S9S4S8
List prices by model (USD, one-time)
| Size | 1-Step | 2-Step | Instant |
|---|---|---|---|
| $500 | Not offered | Not offered | $10 (lowest list price) |
| $5K | $25–$90 | $15 | $200 |
| $10K | $50–$180 | $35 | $400 |
| $25K | $130–$450 | $90 | $1,000 |
Checked 16 Oct 2026, 02:18–02:58 UTC. $500 is sold only as an Instant account. No activation, monthly, reset or data fee is published, and the docs call the live pricing pages the source of record.
Promotions, 1-Step options and other charges
| Item | Price or end | Status |
|---|---|---|
| Affiliate discount codes2.5% off evaluations with a standard affiliate's code; 5% off every product, Instant included, with a VIP affiliate's (custom rates possible) | No end date published; the checkout says a code can expire, run out of uses, or be limited to a first purchase or one account | Code needed; unverifiedS26S16S17 |
| 1-Step default (homepage cards)10% target, 3% daily limit, 80% split | $40 / $80 / $210 | $5K / $10K / $25K, one-timeS9S4 |
| 20% target instead of 10%Lower fee for a harder target | $25 / $50 / $130 | 1-Step option, chosen at purchaseS4S9S16 |
| 4% daily limit instead of 3%More room each day | $60 / $110 / $280 | 1-Step option, chosen at purchaseS4S9S16 |
| No daily limitMaximum loss only | $75 / $150 / $375 | 1-Step option, chosen at purchaseS4S9S16 |
| 90% split instead of 80%A larger share of every claim | $48 / $96 / $252 | 1-Step option, chosen at purchaseS4S9S16 |
| Trading feesMaker 0%; taker 0.01%, or 0.0025% on ES, NQ, RTY and YM (the FAQ names only ES and NQ) | Per trade | Simulated in the evaluation, collected once Live; both count against the loss limitsS12S8S1 |
| Funding paymentsHourly payments between longs and shorts on open perpetual positions | Varies by market | A modelled cost under the Prop TermsS25S1 |
| ResetNot sold: a breached account cannot be recovered | None offered | Buy a new account at list priceS5 |
1-Step option prices are for $5K / $10K / $25K with the other options at their defaults. No public sale or code was shown on any page; we tested no checkout and hold no Vest code.
Key trading rules by model
Limits follow the account type, not the stage: whatever applies in the evaluation carries unchanged into the Live account. There is no time limit, and both loss floors are checked against equity, including open profit and loss, at every moment.S5S3S8
Rules by model and stage
| Rule | 1-Step | 2-Step | Instant | Sources |
|---|---|---|---|---|
| Profit targetevaluation | 10% or 20%, chosen at purchase | 10%, then 5% | None | S3S4S14 |
| Minimum days and time limitevaluation | None; no time limit | None; no time limit | Not applicable | S8S3 |
| Maximum loss (of starting capital)all stages | 6%: $300, $600 or $1,500 | 6%: $300, $600 or $1,500 | Equal to the fee: 2% on $500, 4% on $5K–$25K | S5S4 |
| How the maximum loss worksall stages | Static floor from starting capital; checked on equity at every moment | Static floor from starting capital; checked on equity at every moment | Static floor from starting capital; checked on equity at every moment | S5S8 |
| Daily loss limit (resets 20:00 ET)all stages | 3%, 4% or none, chosen at purchaseC3 | 3%, fixedC3 | None | S5S8S4 |
| Consistency ruleall stages | None | None | None | S8 |
| Trading styleall stages | Scalping, news and HFT allowed; no cross-account abuse | Scalping, news and HFT allowed; no cross-account abuse | Scalping, news and HFT allowed; no cross-account abuse | S8S1 |
| API, bots and trade copiersall stages | No API; bots and copiers at your own risk | No API; bots and copiers at your own risk | No API; bots and copiers at your own risk | S3S12S1 |
| Overnight and weekend holdsall stages | Holds allowed; non-crypto markets lock at weekends | Holds allowed; non-crypto markets lock at weekends | Holds allowed; non-crypto markets lock at weekends | S12S8 |
At the floor: the docs say equity exactly equal to a floor is not a breach; the FAQ says an account that touches it closes.S5S8
Account limits: one registration profile; up to 10 Live funded accounts across both paths and 100 in evaluation (docs). The Terms set 10 Instant and 100 evaluation accounts as separate limits, and the FAQ says evaluations are uncapped.S3S1S8
Static floors, checked every moment
The maximum-loss floor is set once from starting capital and never moves: $4,700, $9,400 and $23,500 on the $5K, $10K and $25K evaluations, and $490, $4,800, $9,600 and $24,000 on the four Instant sizes. It is checked against equity, open positions included, at every moment, and the order form shows an estimated “Fail Price” before you trade.S5S3
The daily limit
Where an account has one (the 2-Step, and the 1-Step unless you choose none), it resets at 20:00 ET. The docs compute the floor from the reset balance without open profit, so $25,000 at 4% gives $24,000, and an outgoing transfer lowers it by the full amount. The FAQ and the account screen use equity, open profit included (C3).S5S8S17
Instant: the fee is the floor
On Instant accounts the fee equals the maximum loss: $200 buys a $5K account whose floor is $4,800, and a $500 account bought for $10 has $10 of room. There is no daily limit and no target, but the same conduct rules apply.S4S5S14
Style, weekends and tools
No consistency rule, no minimum days and no per-trade size cap; news trading, scalping and HFT are allowed, but coordinating across accounts, such as opposite sides of one market, is not. Non-crypto markets lock at weekends (index and commodity perpetuals from Friday 5:00 PM ET, stocks from 8:00 PM ET); positions stay open but frozen. The 14 Oct Terms put bots, scripts and trade copiers at your own risk.S8S12S1
What the simulation can change
Under the Prop Terms, Vest may model slippage, spreads, latency, funding, commissions and the price impact of your own trades, which can move later fills, drawdowns and payouts. It says it will not selectively worsen a trader's fills for being profitable, and it may correct trades after pricing errors; its docs report three such incidents between April and June 2026.S1S24
What happens when a rule is broken
| Trigger | Applies to | Consequence |
|---|---|---|
| Equity falls below the maximum-loss floor, at any moment | All models and stages | terminationImmediate, permanent closure; no warning or grace periodS5S8 |
| Equity falls below the day's floor before the 20:00 ET reset | 1-Step with a daily limit; 2-Step | terminationImmediate, permanent closureS5S8 |
| Prohibited use: manipulation, collusion, opposite sides on different accounts, multiple identities, exploiting latency or errors, front-running Vest's hedges, a VPN to get round restrictions | All accounts | payout delayprofit excludedpayout cancelledterminationPayouts suspended while Vest investigates; trades invalidated, compensation denied or recovered, access terminatedS1S8 |
| An eligibility, error or conduct review | Any claim | payout delayCompensation withheld during the review; a reason given for a material cut or denialS1 |
| Identity or payment checks incomplete | Purchase, access and payment, Instant included | payout delayAccess or payments declined or suspendedS1 |
| Breaking the account limits, including through another person | All accounts | terminationSuspension or termination of all related accounts and a permanent banS1 |
| A third-party bot, script or trade copier misbehaves | All accounts (14 Oct Terms) | payout cancelledterminationVest accepts no responsibility for resulting suspension, termination or reduced or denied compensationS1 |
| A pricing, processing or calculation error | All accounts | profit excludedTrades corrected or invalidated and results recalculated, up or downS1S24 |
Payouts and profit sharing
Profit moves in two steps: a Claim Profit request credits your split, in USDC, to your Vest Primary Account, and a separate withdrawal sends it to your wallet. Only Live accounts can claim; nothing earned in an evaluation is paid.S6S7S1S9
Payout terms by model
| Term | 1-Step | 2-Step | Instant | Sources |
|---|---|---|---|---|
| Profit split | 80% or 90%, chosen at purchase | 80% | 95% | S6S4S14 |
| First claim | Any time once Live; no minimum days | Any time once Live; no minimum days | Any time from purchase; no minimum days | S6S8S14 |
| Later claims | On demand; no cap on frequency or amount | On demand; no cap on frequency or amount | On demand; no cap on frequency or amount | S6S8 |
| Minimum claim | Not published; the claim screen has a “Minimum claim is …” message with no amount stated | Not published; the claim screen has a “Minimum claim is …” message with no amount stated | “No minimum to claim” (Instant page), though the claim screen has a “Minimum claim is …” message with no amount published | S6S17S14 |
| Claim processing | 24 hours to the Primary Account (docs, FAQ, homepage FAQ); the homepage hero says withdrawals hit your wallet “immediately”C5 | 24 hours to the Primary Account (docs, FAQ, homepage FAQ); the homepage hero says withdrawals hit your wallet “immediately”C5 | 24 hours to the Primary Account (docs, FAQ, homepage FAQ); the homepage hero says withdrawals hit your wallet “immediately”C5 | S6S8S9 |
| Withdrawal to your wallet | USDC to a wallet; instant up to $50,000 per rolling 24 hours, then 24 hours | USDC to a wallet; instant up to $50,000 per rolling 24 hours, then 24 hours | USDC to a wallet; instant up to $50,000 per rolling 24 hours, then 24 hours | S7S8 |
| Before Vest pays | Close positions and orders; ID checks; may be held during a review | Close positions and orders; ID checks; may be held during a review | Close positions and orders; ID checks; may be held during a review | S17S6S1 |
Methods: USDC only: a claim credits USDC to your Vest Primary Account, and a withdrawal sends it to a wallet address you enter (Base or Arbitrum One for email and Google accounts; any chain shown for wallet accounts), from 1 USDC and irreversible. Claims carry “no further fees or deductions” and no withdrawal fee is published. The Prop Terms allow payment to “a bank account, wallet, or payment account” you control, but no document describes a bank payout.S6S7S8S1
What you can claim
Only profit above the starting balance, from collateral not tied up in open positions or orders, can be claimed, and you receive your split of it. On a $10K 2-Step at $11,000 with nothing open, a $1,000 claim pays $800; the same claim on a $10K Instant pays $950. The maximum-loss floor stays where it was, and a claim cannot be reversed.S17S6S5
The 24-hour figure
The docs, the FAQ and the homepage FAQ give 24 hours for a claim to reach the Primary Account, while the homepage hero says withdrawals hit your wallet “immediately” (C5). Withdrawals then process instantly until your rolling 24-hour total passes $50,000, after which they wait 24 hours. The Terms let Vest hold a payment during an eligibility, error or conduct review. We did not test any of this.S6S8S9S7S1
Where payouts come from
The Prop Terms describe payouts as compensation for simulated trade ideas, paid from Vest's general corporate funds, which include program fees; Vest says it does not represent that payouts come from profitable live trading. Termination does not by itself forfeit compensation already earned.S1
Official information that needs clarification
Vest revised its Prop Terms on 14 Oct 2026 (refund window, the Philippines, third-party tools) without updating the docs copy, and its docs, FAQ and sales pages describe the product differently from the Terms. None of these 8 key points is resolved, and smaller differences are noted inline; ask support in writing which version applies to you.S1S2S3S8S9
Where Vest's documents disagree
| Issue | Source A | Source B | Practical implication |
|---|---|---|---|
| C1Real or simulated capital | Overview (docs), FAQ, Instant and Vest Capital pages, homepageS3S8S14S15S9“Real Vest capital. Not simulated, actual platform capital”; “The capital behind it is real”; “real trading capital”; “With Our Money” | Prop Terms (both versions), Privacy Policy, homepage disclosureS1S2S11S9“All Accounts, including Instant Funded Accounts, are simulated”; payouts are compensation from corporate funds | A $1,000 Instant fee buys access to a simulation, not $25,000 of capital; payouts depend on Vest's own funds, and the Terms exclude reliance on marketing statements. |
| C2Refund window | Refund Policy, docs Prop Terms (6 Oct), homepage FAQS10S2S928 days, if no trade has been placed | Prop Terms (14 Oct, accepted at checkout), Overview, FAQ, Instant and Vest Capital pagesS1S3S8S14S153 days, if the account has not been used | An unused $450 1-Step four days after purchase is refundable under the 28-day pages, not under the Terms you accept at checkout. |
| C3What the daily limit is measured on | Loss Limits, Overview (docs)S5S3The reset balance at 20:00 ET, open profit excluded: floor = reset balance × (1 − rate) | FAQ, account screenS8S17Account equity at 20:00 ET, open profit included | A $10K account with a 3% limit, a $10,000 balance and $500 of open profit at the reset: the floor is $9,700 (docs) or $10,185 (FAQ), so giving back that $500 breaches only under the FAQ. |
| C4Leverage on funded accounts | HomepageS9“100x Leverage”, shown beside the funded-account offer | Markets, Cross Margin & Leverage (docs), FAQS12S13S8Funded accounts “up to 50x”, market-dependentLeverage table and its note (docs)S13Table: ES 75x and BTC 25x on funded accounts; note: BTC and ETH capped at 15xIn-app noticeS17Funded BTC leverage raised from 15x to 25x (SOL from 5x to 10x), in Evaluation and Live; undated | On a $10K account, BTC exposure caps at $250,000 (25x) or $150,000 (15x); at full size, a 0.24% or 0.4% move against you uses the whole $600 maximum loss. |
| C5How fast profit is paid | HomepageS9“Withdrawals hit your wallet immediately”, with “no waiting” | Claiming Profit (docs), FAQ, Vest Capital page, homepage FAQS6S8S15S9A claim is credited to the Primary Account in 24 hours (the homepage FAQ: “normally processed within 24 hours”); withdrawing it is a second stepProp TermsS1Paid within disclosed timeframes, subject to verification; may be withheld during a review | A claim made at 10:00 may reach the Primary Account at 10:00 the next day; withdrawals beyond $50,000 in 24 hours wait another 24 hours, and a review can hold a payment longer. |
| C6Prohibited jurisdictions | Prop Terms, docs copy (6 Oct)S2Cuba, North Korea, Iran, Russia and Syria | Prop Terms, checkout version (14 Oct)S1The same five plus the Philippines | Philippine residents are barred under the version accepted at checkout, but not under the copy still published in the docs. |
| C7Payout route for US and UK residents | Exchange Terms of Service, Claiming Profit (docs)S18S19S6The exchange bars US and UK residents (the older docs copy adds China), and claims are credited to the Primary Account on that exchange | Prop Terms, Privacy PolicyS1S11The Program has separate eligibility with no US or UK bar; payment goes to an account you control, and joining gives no right to an exchange account | A US or UK resident may be able to buy, but no document explains how a claim credited to an exchange account they may not use would reach them. |
| C8Wallet-only sign-up | Homepage FAQS9“No. You must register with an email account to become a Vest Capital trader.” | Vest Capital page, FAQ, Getting Started (docs)S15S8S21Email, Google and wallet logins can all buy Vest Capital | A wallet-only buyer may be told to register with email, and the choice also sets the payout chain: email and Google accounts withdraw only on Base and Arbitrum One, while wallet accounts can use any chain the withdrawal screen shows. |
Marketing claims the documents qualify
- “keep 80% of every dollar you earn” applies only to claims from a Live account: the split is 80% or 90% on the 1-Step, 80% on the 2-Step and 95% on Instant, and nothing earned in an evaluation is paid.S9S6S1
- “from $2,500 up to $25,000 in funded capital” has no product at the low end: no $2,500 account is sold, and the sizes are $500 (Instant only), $5K, $10K and $25K.S9S4
- “No Evaluation. One Rule.” leaves out the Instant account's other limits: no API trading, no XRP or HYPE, and the Prop Terms' conduct, VPN and verification rules.S14S3S1
- “24/7 Zero-Fee Trading” is qualified by the docs: takers pay 0.01% (0.0025% on index perpetuals), deducted from funded balances, and non-crypto markets have paused at weekends since 31 Jul 2026.S9S12S8S23
- “Clear rules, no hidden clauses” sits beside rule summaries that omit the Prop Terms clauses letting Vest model the price impact of your trades on later fills and withhold compensation during a review.S9S1
Refunds, resets, rewards and scaling
Vest Capital has no reset, fee-rebate or scaling program. The only fee-related promise is a short refund window, returned to the original payment method, and a free demo evaluation exists for practice.S1S8S17
Programs and their terms
| Program | What the documents say | Paid as | Status |
|---|---|---|---|
| Refund before use | 3 days (Terms accepted at checkout, FAQ) or 28 days (Refund Policy, docs Terms), only if no trade was placed; failing an evaluation never qualifiesS1S8S10S2 | Back to the original payment method through Stripe, 5–10 business days (FAQ) | ConflictingC2 |
| Free demo evaluation | Same rules, no fee; practice only, it cannot be funded or paid out; limited by availability, a cooldown and a lifetime capS17 | Practice account | Published |
| Reset after a breach | Not offered: a breached account closes for good and must be bought againS5 | Not offered | Published |
| Scaling plan | None published; the largest account is $25KS3S4 | Not published | Not published |
Account progression
Starting size, account limit and scaling are three separate questions.
Markets, platforms, KYC and support
What you can trade
Perpetual futures margined in USDC on hundreds of NYSE- and Nasdaq-listed stocks and ETFs, the ES, NQ, RTY and YM index perpetuals, crypto, commodities and major and minor currency pairs. XRP and HYPE are excluded on Vest Capital accounts, and you never hold the underlying asset. Vest may remove an instrument at any time; five markets, including the NOK and SEK currency pairs, go reduce-only on 19 Oct 2026, with remaining positions closed on 30 Oct.S12S13S3S1S22
Maximum leverage by market (Cross Margin & Leverage)
| Market | Primary (exchange) | Funded |
|---|---|---|
| ES (S&P 500) | 75x | 75x |
| NQ, RTY, YM | 50x | 50x |
| BTC | 50x | 25x (table, in-app notice) or 15x (docs note) |
| ETH | 50x | 15x |
| SOL | 20x | 10x |
| Gold, silver, copper, platinum | 25x | 5x |
| WTI crude | 10x | 10x |
| Brent, natural gas | 10x | 5x |
| FX pairs against USD | 100x | 5x |
| Single stocks and ETFs | 5x–50x | 5x (NVDA 25x; INTC, MU, SNDK, SPCX, TSLA 10x) |
| HYPE, XRP | 5x, 10x | Unavailable |
A selection from the docs table. The same page caps funded accounts at “up to 50x” yet lists 75x on ES, and its note caps BTC at 15x, below the table's 25x, which an in-app notice says was raised from 15x (C4). The Prop Terms call leverage a simulation parameter; the homepage advertises 100x.S13S17S1S9
Simulated accounts and company
The Prop Terms you accept at checkout say every account, Instant included, is simulated: no real capital is credited, you place no live trades, and balances, leverage and profits are simulation parameters. Payouts are compensation from Vest's general corporate funds, which include program fees, and Vest may use, ignore or trade against your ideas and hedge for its own account, including on its own exchange. Your real-money exposure is the fee. The docs and sales pages instead promise “Real Vest capital” (C1).S1S11S9S3
- Location
- Oceania Business Plaza, 21st Floor, Punta Pacifica, Panama City, the postal address in the Privacy PolicyS11
- Regulation
- None stated; the Terms say Vest is not your broker and the Program is not intended to constitute swaps or similar regulated instrumentsS1
- Governing law
- Panama law; arbitration in Panama; class-action and jury waiversS1
Platforms
- Vest web platformProprietary
One web platform at next.vestmarkets.com for evaluation, Live and Instant accounts: market, limit and scale orders, cross margin only, no API trading on Vest Capital accounts.S3S8S13
KYC and payout ownership
- Identity, residence, beneficial-ownership and payment details, plus any checks Vest requires, before purchase, access or payment and on an ongoing basis; Instant accounts includedS1
- May include government ID, proof of address and tax forms; a selfie or biometric check only with notice and any required consent; no verification provider namedS11
- Payments only to a bank account, wallet or payment account you hold or control; you must be 18 or olderS1
Support
Channels: email (support@vestmarkets.com) and in-app live chat (Intercom); the homepage also links to Vest's Discord, X (@vestexchange) and LinkedIn pages. Payout reviews and disputes go to team@vest.exchange. The FAQ says “Our team is available 24/7”; no response time is published, and we did not test it.S8S3S9S1
Vest Markets FAQ
What is Vest Markets?
A perpetual-futures exchange that also sells funded accounts through its Vest Capital program: 1-Step, 2-Step and Instant, from $500 to $25K. The contracting party is Vest Exchange Inc., a Panama company; the site's copyright line names Vest Labs Inc.S1S9S3
Are Vest Markets accounts simulated?
Yes. The Prop Terms you accept at checkout say every account, Instant included, is simulated, and payouts are compensation from Vest's corporate funds. The docs and FAQ call Live accounts real capital; the Terms say you cannot rely on such statements.S1S3S8
Which account models can I buy?
1-Step ($5K–$25K; 10% or 20% target, a 3%, 4% or no daily limit, 80% or 90% split, so 36 plans), 2-Step ($5K–$25K; 10% then 5%) and Instant ($500–$25K; no evaluation).S4S16
How do the evaluation accounts and Instant differ?
Evaluations carry a static 6% maximum loss and, on most plans, a daily limit, and once Live pay 80% or 90% on the 1-Step (chosen at purchase) or 80% on the 2-Step. Instant has no evaluation and no daily limit, pays 95%, and its maximum loss equals the fee: 2% on $500, 4% on larger sizes.S3S5S6
How much does Vest Markets cost?
One-time fees from $10 (Instant, $500) to $1,000 (Instant, $25K). The 2-Step costs $15–$90 and the 1-Step $25–$450, depending on its options. No subscription, activation or reset fee is published.S9S4S8
How do the drawdown and daily limit work?
The maximum-loss floor is static: 6% of starting capital on evaluations, the fee on Instant. The daily floor, where there is one, resets at 20:00 ET, but the docs and the FAQ disagree on whether open profit counts. Equity is checked against both at every moment, and any breach closes the account for good.S5S8
When and how do I get paid?
Once Live, claim any time, with no minimum days, cap or consistency rule. Vest says your share is credited in USDC to your Primary Account, its exchange account, in 24 hours; you then withdraw it to a wallet. ID checks and reviews can hold a payment.S6S7S1
Is the fee refundable?
Only before you trade: within 3 days under the newest Prop Terms and the FAQ, or 28 days under the Refund Policy page. Failing an evaluation is never refunded; approved refunds go back through Stripe in 5 to 10 business days.S1S8S10
Which platform and markets does it use?
Only Vest's own web platform, trading perpetual futures on US stocks and ETFs, index perpetuals, crypto, commodities and FX. Funded leverage is up to 50x per the FAQ, but the docs table lists 75x on ES. XRP, HYPE and API trading are excluded.S3S12S13S8
Which countries are restricted?
The Prop Terms bar Cuba, North Korea, Iran, Russia and Syria, add the Philippines in the 14 Oct version, and bar sanctioned persons. The exchange's own terms also bar the US and UK. Absence from a list does not confirm acceptance.S1S2S18
Who runs Vest Markets, and what is unverified?
Vest Exchange Inc. of Panama, which gives a Panama City postal address in its Privacy Policy but publishes no registration number or launch date. Its backers, its trader count, its real-capital claims and its 24-hour processing are its own. We did not buy an account, trade or request a payout.S1S11S9S15S20
Considering Vest Markets?
List prices from $10. Read the Prop Terms you accept at checkout, and confirm the refund window and the payout route for your country in writing before you buy.
Crypto and perpetual-futures alternatives to consider
Other new firms that sell crypto and multi-asset accounts on their own web terminals, and a reviewed crypto firm with its own terminal.
Sources, methodology and disclosure
Official documents, checked 16 Oct 2026
- S1Prop Terms of Service (accepted at checkout)next.vestmarkets.com/prop-terms-of-service · checked 02:18 UTCLast updated 14 Oct 2026. The version the checkout asks you to accept and the homepage footer links to; read from the app's text.
- S2Prop Terms of Service (docs copy)docs.vestmarkets.com/resources/terms-and-privacy-policies/prop-terms-of-service · checked 02:18 UTCLast updated 6 Oct 2026, still published. Differs from S1 on the refund window, the Philippines and third-party tools.
- S3Vest Capital Overview (docs)docs.vestmarkets.com/vest-capital/overview · checked 02:18 UTC
- S4Account Tiers (docs)docs.vestmarkets.com/vest-capital/account-tiers · checked 02:18 UTCFull 1-Step pricing matrix; calls the live pricing pages the source of record.
- S5Loss Limits (docs)docs.vestmarkets.com/vest-capital/loss-limits · checked 02:18 UTC
- S6Claiming Profit (docs)docs.vestmarkets.com/vest-capital/claiming-profit · checked 02:18 UTC
- S7Withdrawals (docs)docs.vestmarkets.com/platform/withdrawals · checked 02:18 UTC
- S8FAQnext.vestmarkets.com/faq · checked 02:18 UTCVest Capital, Trading, Deposits and Withdrawals sections; read from the app's text.
- S9Homepagewww.vestmarkets.com/ · checked 02:18 UTCPricing cards, product list (43 plans), FAQ and program disclosure.
- S10Refund Policy (docs)docs.vestmarkets.com/resources/terms-and-privacy-policies/refund-policy · checked 02:18 UTC
- S11Privacy Policynext.vestmarkets.com/privacy-policy · checked 02:18 UTCLast updated 14 Oct 2026. Gives Vest Exchange Inc.'s postal address in Panama City.
- S12Markets (docs)docs.vestmarkets.com/trading/markets · checked 02:18 UTC
- S13Cross Margin & Leverage (docs)docs.vestmarkets.com/trading/cross-margin-and-leverage · checked 02:18 UTC
Also checked the same day
- S14Instant Funded Accounts pagenext.vestmarkets.com/vest-capital/instant · checked 02:18 UTC
- S15Vest Capital pagenext.vestmarkets.com/vest-capital · checked 02:18 UTC
- S16Evaluation page and account buildernext.vestmarkets.com/vest-capital/evaluation · checked 02:18 UTCBuilder options and checkout steps, read from the app's text; no purchase started.
- S17App account, Claim Profit screens and noticesnext.vestmarkets.com/ · checked 02:18 UTCInterface text and in-app announcements read from the app; no account opened.
- S18Terms of Service (exchange)next.vestmarkets.com/terms-of-service · checked 02:18 UTCLast updated 23 Mar 2026; covers the exchange, not the Program.
- S19Terms of Service (exchange, docs copy)docs.vestmarkets.com/resources/terms-and-privacy-policies/terms-of-service · checked 02:18 UTCLast updated 6 Mar 2026.
- S20About Vest Markets (docs)docs.vestmarkets.com/welcome/about-vest-markets · checked 02:18 UTC
- S21Getting Started (docs)docs.vestmarkets.com/welcome/getting-started · checked 02:18 UTC
- S22Exchange Notices (docs)docs.vestmarkets.com/platform/exchange-notices · checked 02:18 UTCNotice of 14 Oct 2026.
- S23Exchange Notices archive (docs)docs.vestmarkets.com/resources/resources/exchange-notices · checked 02:18 UTCNotices from 12 Feb to 29 Jul 2026.
- S24Incident Reports (docs)docs.vestmarkets.com/resources/resources/incident-reports · checked 02:18 UTCThree pricing incidents, Apr–Jun 2026, on Vest's previous platform.
- S25Funding (docs)docs.vestmarkets.com/trading/funding-mechanism · checked 02:18 UTC
- S26VIP affiliate pagenext.vestmarkets.com/affiliates/vip · checked 02:18 UTCDefault discount rates for affiliate codes; read from the app's text.
How this review was researched
We read each document in full, compared the two published versions of the Prop Terms clause by clause, logged every claim with its model, stage and source, checked all 43 list prices against the docs matrix, and re-fetched every page on 16 Oct 2026 (02:18–02:58 UTC). App pages were read from the text shipped in Vest's web app. “Published” means Vest says it, not that it is proven. Our methodology
Affiliate disclosure
Up Trade Funded is reader-supported. “Visit Vest Markets” buttons use our referral link and we may earn a commission; that does not change this review. Source links carry no referral. Affiliate disclosure
Figures come from Vest Markets's official documents, checked 16 Oct 2026. Terms change often; confirm the current version on vestmarkets.com before buying.