How does Seacrest Markets handle KYC requirements and verification timing?
💡 Answer
Is KYC Required at Seacrest Markets?Yes
At what stage traders must go through identity verification at Seacrest Markets?
KYC required at Live Sim stage.
Full details on the identity verification process and required documents are available on Seacrest Markets official website.
More FAQs about Seacrest Markets
- What trading approaches are permitted at Seacrest Markets, and are any strategies restricted?
- How are payments processed at Seacrest Markets, and what is the refund policy?
- How are trader payouts structured at Seacrest Markets, including payout frequency and payment methods?
- What is the top profit split rate at Seacrest Markets for funded traders?
- What markets does Seacrest Markets allow traders to trade across?
- Can you explain the leverage limits at Seacrest Markets for forex, indices, metals, and cryptocurrency trading?
- What trading platforms can traders access at Seacrest Markets, and which broker is used for order execution?
- What are the key execution-related trading conditions at Seacrest Markets, including spreads, commissions, and slippage?
- How does Seacrest Markets regulate trading behavior, including restricted strategies, martingale rules, and lot size limits?
- What drawdown method is enforced by Seacrest Markets?
- Are there specific consistency or percentage-based rules at Seacrest Markets?
- Does Seacrest Markets offer different program or evaluation models?
- Can you explain the challenge model used by Seacrest Markets?
- What is the maximum account funding at Seacrest Markets, and can traders benefit from a scaling plan?
- How many Trustpilot reviews does Seacrest Markets have, and what is its rating?
- How do the program types at Seacrest Markets break down?
- What restrictions apply to traders at Seacrest Markets when it comes to account count, account merging, and lot size limits?
- Are there any geographic restrictions at Seacrest Markets?
Guides Where Seacrest Markets Is Featured
- Prop Firms Offering Commodities Trading
- Prop Firms With MT5 Platform
- Prop Firms With Trustpilot rating of 3.2 or higher
- Top Prop Firms That Accept Clients From Botswana
These guides include Seacrest Markets alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
Seacrest Markets vs QT Funded vs Mubite - Prop Firm Comparison (August 2026)
Side-by-side comparison of Seacrest Markets vs QT Funded vs Mubite. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated August 2026.
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Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
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QT Funded
QT Funded (Quant Tekel) is a simulated CFD prop firm (founded Oct 2023) offering QT Prime (2-step/3-step), QT Power (2-step) and QT Instant (instant funding). Traders get access to FX, indices, metals, crypto and oil on MT5, cTrader or TradeLocker,...
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Mubite
Mubite (Mubite s.r.o., Prague, Czech Republic) is a crypto-native prop firm that funds traders exclusively on cryptocurrency futures — 700+ USDT perpetual markets via Bybit and Cleo, leverage up to 1:100. It offers Two-Step, One-Step and Instant Funding routes across...
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| Overview | |||
| Trustpilot Rating | 3.3 | 3.9 | 0 |
| Trustpilot Reviews | 1 | 13,019 | 0 |
| Headquarters | South Africa | South Africa | Czech Republic |
| Age (Years) | N/A | N/A | 1 |
| Max Funding | $400,000 | $400,000 | $200,000 |
| Profit Split Start | 80% | 80% | 70% |
| Profit Split Max | 92.75% | 100% | 90% |
| Platforms | mt5 match-trader | MT5 cTrader TradeLocker | Bybit Cleo |
| Assets | FX Metals Indices Energy & Commodities Crypto | FX Metals Indices Crypto Oil | Crypto futures only — BTC ETH & altcoin USDT perpetuals (700+ markets) |
| Leverage | |||
| FX Leverage | 30 | 100 | 0 |
| Metals Leverage | 10 | 35 | 0 |
| Crypto Leverage | 2 | 2.5 | 100 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). | Maximum Daily LossDaily loss limits are program-specific:QT PRIME: 4% daily drawdown fixed to the initial balance (does not change with profits).QT POWER: daily drawdown is based on End-of-Day (EOD) equity; 3% on legacy rulesets and 4% for accounts issued after 9 Apr 2025.QT INSTANT: 3% daily drawdown fixed to the initial account balance (does not change with profits).Breaching the daily limit is treated as a hard breach on funded stages. | Daily Loss LimitMubite applies a daily loss limit on its evaluation programs:One-Step: ~4% of account size.Two-Step: ~5% of account size.Per-dollar amounts are not published per account size. Mubite’s Terms also reference a maximum 5% daily stop-loss on the initial balance and a maximum 3% risk per trade. Confirm the exact daily limit for your chosen account in writing. |
| Max Total Loss | Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). | Maximum Overall LossOverall drawdown limits differ by plan:QT PRIME: 10% maximum drawdown (static, based on initial balance).QT POWER: 8% maximum loss limit (based on initial balance).QT INSTANT: 6% maximum drawdown that trails the highest recorded balance or floating equity (high-water mark). (Some operational details—such as whether trailing drawdown locks at starting balance after withdrawal—depend on the account’s issue date.) | Maximum / Overall DrawdownOne-Step: ~6% of account size.Two-Step: ~8% of account size.Instant Funding: ~10%, tightening to ~5% once the account reaches +5% profit.Drawdown is described as measured from the starting balance. The exact basis (balance vs equity, intraday vs end-of-day) is not clearly documented on Mubite’s site — verify before trading. |
| Drawdown Type | Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) | Drawdown ModelQT Funded uses a mix of static and trailing drawdown models:Static drawdown: QT PRIME (10% max loss) and QT POWER (8% max loss) use static overall drawdown anchored to the initial balance.Trailing drawdown: QT INSTANT uses a 6% trailing maximum drawdown from the highest recorded balance/equity, paired with a fixed 3% daily drawdown. | Drawdown ModelMubite describes its drawdown as calculated from the starting account balance (static-style) rather than a trailing model. However, the firm does not clearly state whether the limit is evaluated intraday or end-of-day, or against balance vs equity. Because some reviewers report rules being enforced at the withdrawal stage, get the exact drawdown calculation confirmed in writing. |
| Payouts | |||
| Payout Frequency | Payouts every 14 days (VIP tiers faster). | Payout FrequencyPayout requests are available every 2 weeks (14 days) from the first trade on the funded account and every 14 days for each consecutive payout cycle.QT PRIME: Bi-weekly payouts at 80% split, or Prime On-Demand payouts (100% split) subject to eligibility requirements.QT POWER: payout on-demand subject to minimum conditions (including 35% consistency and minimum trading days).QT INSTANT: bi-weekly payouts at 80% split (with a 5% minimum profit and 25% consistency requirement for eligibility). | Payout FrequencyOne-Step / Two-Step (funded): on-demand payouts once your account is approved.Instant Funding: first payout 14 days after your first trade, then bi-weekly.Reviewers note a per-request payout cap of around 5% of account size. KYC must be completed before any withdrawal. |
| Days to First Payout | 14 | 14 | 14 |
| Payout Processing Time | Processing 12–72 hours. | Payout ProcessingQT Funded states payout requests are processed within 24 business hours after submission/approval (the request day does not count toward the 24-hour processing window).Minimum performance fee: the minimum payout amount is 1% or $100 (whichever is higher). For QT INSTANT, the minimum performance fee is stated as 5% of profit margin. | Payout ProcessingMubite advertises fast crypto payouts, typically processed within 24 hours (some funded traders report minutes to a few hours). Payouts are sent in cryptocurrency (USDT). Note: independent reviewers have flagged isolated reports of payout denials tied to after-the-fact rule reviews — keep clean records of your trades. |
| Payout Methods | Crypto RiseWorks | Crypto Bank Wire Transfer QT Card | Cryptocurrency (USDT) |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto Apple Pay | Credit/Debit Card (Visa Mastercard American Express) PayPal Crypto | Credit/Debit Card Cryptocurrency |
| Trading Permissions | |||
| News Trading | News trading restricted on Live Sim (±3 minutes). | Evaluation stage: news trading is allowed.Funded stage (QT PRIME & QT INSTANT): news trading is restricted around Forex Factory red-folder (high-impact) releases: no manual trading activity (opening/closing/modifying positions or orders) within 5 minutes before/after the event; SL/TP and qualifying limit orders set earlier may still trigger. Violations are treated as hard breaches. QT PRIME On-Demand does not have the news rule applied. | Restricted. Mubite’s FAQ lists news trading among prohibited activities, although its marketing pages imply flexible API trading. Because this is stated inconsistently across Mubite’s own pages — and rules are reportedly checked at withdrawal — treat news trading as not permitted unless support confirms otherwise in writing for your account. |
| Weekend Trades | Weekend trading allowed. | Weekend holding is permitted across QT PRIME, QT POWER and QT INSTANT (trades can be held over the weekend), subject to general risk rules and market conditions. | Allowed. Crypto markets trade 24/7, so Mubite permits holding positions overnight and through weekends. Be mindful of perpetual funding costs on held positions. |
| Copy Trading | Copy trading allowed for own strategies only. | Copy trading rules depend on total allocation:Under $400,000 total allocation: traders may copy trades and use the same strategy across accounts.$400,000 and above: traders may still hold multiple accounts, but they may not copy trades or use the same strategy between accounts; each account must use a different strategy and trade different instruments for its entire history.QT INSTANT: additional max-allocation rule for same-strategy use (max $99,000); QT Instant allocation also counts toward the overall $400,000 cap. | Not allowed. Mubite’s FAQ and Terms prohibit copy trading, mirroring, account rolling, group/coordinated trading, and third-party account management unless explicitly approved by the firm. |
| EA Allowed | EAs allowed on MT5 only. | Expert Advisors (EAs) are permitted only with pre-approval. Traders must submit the EA name and links to [email protected] before use. Trade copiers are also permitted with approval, and copied executions must place visible SL/TP (no invisible trade management). Unapproved use can result in account forfeit and group trading with shared EAs is prohibited. | Restricted. Mubite’s marketing highlights Bybit API access, but its FAQ and Terms prohibit trading bots, high-frequency/latency strategies, and AI/algorithmic systems that create an “unfair advantage.” Manual API order entry is fine; automated bots are not permitted without approval. Confirm your setup with support first. |
| KYC & Restrictions | |||
| KYC Required | Yes | Yes | No |
| KYC Stage | KYC required at Live Sim stage. | KYC is required as part of onboarding and may be requested by the company’s AML/KYC providers. QT INSTANT specifically requires KYC verification and a signed contract before trading is enabled. Accounts may be treated as inactive/invalid if the latest KYC requirements are not completed. | KYC is required before your first withdrawal. You can start trading on the connected Bybit/Cleo account without completing KYC, but identity verification (valid photo ID) must be passed before any payout is released. Verification typically takes ~48–72 hours. |
| Restricted Countries | Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States | Iran Iraq Myanmar Belarus North Korea South Korea Russia (MT5) Pakistan Syria Egypt United States (MT5 and cTrader) Canada (MT5) | Iran North Korea Myanmar Russia Belarus plus any jurisdiction under applicable international sanctions |
Seacrest Markets
QT Funded
Mubite