Funded-trader infrastructure

Run an evaluation business, not a spreadsheet.

Challenge plans, evaluation rules, breach detection, payouts and the operational tooling that decides whether a funded-trader programme scales past its first few hundred accounts — plus PAMM pools, MAM sub-accounts and event markets on the same engine.

Programmes: Challenge · Funded
Managed: PAMM · MAM
Fees: High-water mark
Launch: 2 weeks

Phase

1 of 2

Profit target

+8%

Equity

+0.0%

Floor

-5.0%

Equity vs rules

In progress

Rule headroom

Profit target0%

Trailing drawdown100%

Daily loss limit78%

Minimum trading days60%

Illustrative interface — not a live system

Pooled capital

$1.40M

Master equity

$1.49M

Return

+6.40%

Under high-water

PAMM — percentage allocation

InvestorShareEquityAbove HWMPerf. fee

Investor 00117.9%$266,000—Below HWM

Investor 0028.6%$127,680$7,680$1,536

Investor 00334.3%$510,720—Below HWM

Investor 0045.4%$79,800$1,600$320

Investor 00522.1%$329,840$19,840$3,968

Investor 00611.8%$175,560$4,260$852

One master account · P&L split by equity share

Fee accrual

20% / 2%

Performance fee: $6,676
Management fee (mo): $2,483
Investors earning: 4 of 6
Basis: High-water mark

Investor detail

No fee

Investor: Investor 003
Joined: Jan
Contributed: $480,000
High-water mark: $511,900
Current equity: $510,720

Equity is below this investor’s prior peak. No performance fee accrues until the fund recovers past it.

PAMM and MAM allocation with high-water-mark fee accrual — illustrative interface

Programme

Every rule you need to enforce.

A funded-trader business is an accounting and enforcement problem wearing a trading costume. The rules must apply identically to every account, every time, and be provable afterwards.

Challenge plans

Multi-phase or single-phase, with targets, drawdown rules, time limits and consistency requirements configured per plan.

Multi-phase evaluation
Static and trailing drawdown
Daily-loss limits
Minimum trading days
Consistency rules

Real-time breach detection

Rules evaluated continuously against live positions, not swept nightly — the difference between a breach caught at the limit and a dispute the next morning.

Continuous evaluation
Position-aware drawdown
Immediate account action
Full breach evidence record

Add-ons and retries

Resets, extensions and upgrades as first-class products with their own economics rather than manual exceptions.

Reset and retry SKUs
Extension purchase
Scaling plans

Payout management

Profit-split calculation, payout scheduling, approval thresholds and full audit — the part that becomes a support crisis if under-built.

Configurable profit split
Scheduled payout windows
Approval thresholds
Payout history per trader

Trader dashboard

Traders see exactly where they stand against every rule, live. Most disputes are ambiguity, not disagreement.

Live rule progress
Drawdown headroom
Objective breach explanation

Challenge plans

Every rule configurable.

One-phase or two-phase, with targets, drawdown behaviour, time limits and consistency requirements set per plan rather than hard-coded.

Multi-phase evaluation
Static and trailing drawdown
Daily-loss limits
Minimum trading days
Consistency rules

Breach detection

Caught at the limit, not the next morning.

Rules evaluated continuously against live positions. Every breach carries the positions, prices and rule state that produced it, so a dispute is settled with a record.

Continuous evaluation
Position-aware drawdown
Immediate account action
Full breach evidence record

Payout management

The part that becomes a crisis.

Profit-split calculation, scheduling, approval thresholds and full audit. Under-build this and the programme fails at its first successful cohort.

Configurable profit split
Scheduled payout windows
Approval thresholds
Payout history per trader

Trader dashboard

Traders see exactly where they stand.

Most disputes are ambiguity rather than disagreement. Live rule progress removes the ambiguity before it becomes a ticket.

Live rule progress
Drawdown headroom
Objective breach explanation

PAMM

One master account, many investors.

Investor capital pools into a single trading account. The manager trades once and every participant takes profit and loss in proportion to their equity share, with subscriptions and redemptions handled at defined allocation points rather than mid-trade.

Percentage allocation by equity share
Subscription and redemption windows
Per-investor equity tracking
Pooled master execution

MAM

Separate accounts, one instruction.

Where an investor needs their own account, their own equity and their own statement, the manager still trades once — allocation distributes across sub-accounts by the method you configure.

Lot allocation
Proportional by balance or equity
Percentage allocation
Per-account risk limits

Fee engine

A manager earns on new profit only.

Performance fees accrue against a high-water mark per investor, so someone who joined at a peak pays nothing until the fund recovers past it. Management, volume, subscription and joining fees run alongside it.

Performance fee with high-water mark
Management fee accrual
Volume and subscription fees
Per-investor fee statements

Investor lifecycle

Onboard, allocate, redeem, report.

The administrative half that most platforms leave to spreadsheets: who joined when, at what equity, what they are owed, and what the statement says.

Investor onboarding and KYC tiers
Allocation-point processing
Redemption handling
Statement generation and delivery

2026 · Event markets

Prediction markets, as a fundable instrument.

Binary event contracts priced in cents with an implied probability, tradable inside the same account as everything else — and fundable through a challenge programme, because a max-loss-capped instrument is unusually well suited to evaluation rules.

YES/NO contracts with implied probability
Defined maximum loss per contract
Probability history and 24h volume
Settlement on resolution
Eligible for challenge and funded accounts

2026 · Perpetual futures

Funding rates, liquidation, margin.

Perpetuals with the risk surfaces a funded programme actually needs: funding paid and received attributed per position, liquidation price on screen, and margin ratio enforced against your rules rather than the venue’s.

Funding rate with next-funding countdown
Liquidation price per position
Margin ratio enforcement
Funding attributed in P&L

2026 · Tokenised assets

Real-world assets, on the same book.

Tokenised instruments held alongside conventional ones, with custody status and delivery-versus-payment settlement visible rather than assumed.

Custody status per holding
Atomic delivery-versus-payment
Redemption requests
Yield attribution

2026 · Stablecoin settlement

Settle in minutes, not days.

Stablecoin rails for corridors where conventional settlement is slow or unreliable, reconciled into the same ledger as fiat so treasury is one view rather than two.

On-chain confirmation tracking
Split fiat and stablecoin treasury
Ledger reconciliation of on-chain transfers
Corridor-level routing

2026 · Agentic assistance

An assistant that cannot trade for you.

An analyst-style copilot for traders and operators that explains, summarises and suggests — and is structurally unable to place an order without explicit approval.

Suggested actions require confirmation
Cited sources on every answer
No autonomous order placement
Scoped to the partner’s own data

Edge cases

Every vendor demos the happy path. Ask about the bad day.

These are the failures that decide whether a platform survives its first year in production. We list them because we have had to build for them.

Common outcome

The trader disputes it, and nobody can reproduce the exact moment the floor was crossed.

What we do

The floor is evaluated continuously against live positions, and the breach record carries the positions, prices and rule state that produced it. The dispute is settled with a record rather than an argument.

Operational reality

What determines whether the programme survives.

Rule determinism: The same inputs produce the same outcome every time, and the evaluation is reconstructable after the fact from the recorded evidence.
Dispute handling: Every breach carries the positions, prices and rule state that produced it, so a dispute is settled with a record rather than an argument.
Payment integration: Challenge fees and payouts run through the same payment layer as the rest of the platform, reconciled in one ledger.
Programme economics: Pass rates, fee revenue, payout liability and cohort performance visible in the console — you should know the shape of your book without exporting to a spreadsheet.
Regulatory note: Evaluation programmes face increasing scrutiny in several jurisdictions. We build the record-keeping and disclosure surfaces that make a programme defensible; the licensing and legal posture remain the partner’s responsibility.