MyFundedPerps vs Velotrade
MyFundedPerps and Velotrade are not the same product at different prices. Below is every term each firm publishes, side by side, and the differences that decide which one suits a given trader.
The difference in two lines: MyFundedPerps is $2 cheaper at the entry tier ($30 with code ELITE against $32 with code BOTS20). Velotrade publishes the wider maximum drawdown at $25k (10% on CLASSIC 2-Step against 6% on Signature). Open MyFundedPerps
| Term | MyFundedPerps | Velotrade |
|---|---|---|
| Cheapest evaluation | $30 code ELITE | $32 code BOTS20 |
| Size at that price | $10,000 | $5,000 |
| 25k fee | $75 code ELITE | $132 code BOTS20 |
| Profit split | 80% (90% with paid upgrade) | 80% (90% add-on) |
| Drawdown (25k) | 3% static max, 3% daily (Select) | 3% static, 3% daily (PRO 1-Step) |
| Profit target (25k) | 9% (Select) | 10% (PRO 1-Step) |
| KYC | Before activation | Before activation |
| Payout rail | Rise (cash) / Store credit | USDC on Arbitrum / USDT on Arbitrum |
| Payout speed | On request once funded: Select, Prime and Signature one request per New York calendar day, Elite at any time. Every request is reviewed by hand and no processing time is published. | First payout 14 days after the first funded trade, then weekly |
| Leverage | Set per market rather than per account: BTC 10x, ETH 8x, SOL 5x, gold 10x, oil 8x, NAS100 12x, and 2x to 4x on most altcoins and single stocks | Crypto 1:10 BTC challenge (1:5 funded), 1:6 ETH/SOL |
| Allocation ceiling | $300,000 in funded accounts across all plans, and $100,000 per plan type | $200,000 |
| Instruments | Crypto perpetuals around the clock (BTC, ETH, SOL, XRP, DOGE, HYPE, ZEC and more) plus gold, silver, oil, indices, single US stocks and six FX pairs | 234 instruments including 104 crypto |
Each drawdown above is the rule of the plan its own $25k fee buys. The rest of the ladder at that size: MyFundedPerps: Prime at $120 (5% of room), Signature at $156 (6% of room) and Elite at $186 (5% of room).
Which is cheaper, size by size
MyFundedPerps is cheaper at 3 of the 5 sizes where both publish a price. Comparing the entry tier alone hides that: fee ladders do not scale at the same rate, so the cheaper start can become the dearer account.
| Account size | MyFundedPerps | Velotrade | Cheaper |
|---|---|---|---|
| $5k | $36 code ELITE | not sold | - |
| $10k | $30 code ELITE | not sold | - |
| $25k | $75 code ELITE | $132 code BOTS20 | MyFundedPerps |
| $50k | $142 code ELITE | $244 code BOTS20 | MyFundedPerps |
| $100k | $270 code ELITE | $446.40 code BOTS20 | MyFundedPerps |
What the fee buys, and what it takes back
The $57 gap is 0.8 cheap attempts at the Velotrade fee. The fee is also only the entry cost: at the headline split, MyFundedPerps has to make $83 of profit before the attempt has paid for itself, and $147 at Velotrade.
| Measure | MyFundedPerps | Velotrade |
|---|---|---|
| Fee for a $25k attempt | $75 code ELITE | $132 code BOTS20 |
| Fee per $1,000 of account | $3.00 | $5.28 |
| Profit needed to win the fee back at the headline split | $83 | $147 |
| Account destroyed on a bad day (drawdown in dollars) | $750 (3%) | $750 (3%) |
| Drawdown type | Static | Static |
Cost per $1,000, the break-even profit and the cost of 1% of drawdown are our arithmetic from each firm's published fee, split and limit; each drawdown figure is the firm's own percentage for the plan that fee buys, applied to a $25,000 balance.
Getting the money out
MyFundedPerps pays Rise (cash) / Store credit, Velotrade pays USDC on Arbitrum / USDT on Arbitrum. Timing is not the same either: On request once funded: Select, Prime and Signature one request per New York calendar day, Elite at any time. Every request is reviewed by hand and no processing time is published. against First payout 14 days after the first funded trade, then weekly.
Worth checking against your own cash-flow: a fast rail that pays into an account you then have to move is not the same as one that lands where you spend it.
Where they actually differ
- Payout rails are not the same: MyFundedPerps pays Rise (cash) / Store credit, Velotrade pays USDC on Arbitrum / USDT on Arbitrum.
- at $25k the target is 9% (Select) for MyFundedPerps, 10% (PRO 1-Step) for Velotrade.
- divide each fee by the limit that fee is tested against and MyFundedPerps costs $25.00 per point of drawdown, Velotrade $44.00: $75 with code ELITE over a 3% limit (Select) against $132 with code BOTS20 over a 3% limit (PRO 1-Step).
The decision rule
At $25k, if you routinely risk more than 6% of the account in a session, MyFundedPerps is the one that ends the attempt, not Velotrade. If the first attempt is a test rather than a plan, MyFundedPerps at $30 with code ELITE costs less to be wrong about.
Which one, and for whom
Choose MyFundedPerps if Perps traders who want one phase, a fixed loss floor and a payout request window measured in days rather than weeks.
Choose Velotrade if Traders who want one static rule across crypto, FX and equities, paid in stablecoins.
Both reviews carry the specific terms and the source pages: MyFundedPerps review and Velotrade review. If a figure here has changed since it was read, email research@cryptopropfirms.com and it will be re-checked against the firm's own page.