How does Seacrest Markets define its spread quality, commission charges, and slippage handling for traders?

💡 Answer

Variable market spreads.

Positive and negative slippage modeled.

MT5: FX $5/lot RT. Match-Trader: FX $3/lot RT. No commissions on indices or crypto.



Live spread data, commission schedules, and execution statistics are published on Seacrest Markets official website.

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Seacrest Markets vs SabioTrade vs Eightcap Challenges - Prop Firm Comparison (November 2026)

Side-by-side comparison of Seacrest Markets vs SabioTrade vs Eightcap Challenges. 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 November 2026.

Seacrest Markets vs SabioTrade vs Eightcap Challenges - Prop Firm Comparison (November 2026)
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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SabioTrade
SabioTrade is an Ireland-based proprietary trading firm operated by Codevil IT Engineering Limited. It offers a single-phase evaluation with five account tiers ranging from $20,000 to $650,000. Traders must reach a 10% profit target while respecting a 5% daily loss...
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Eightcap Challenges
Eightcap Challenges is a broker-backed simulated trading program operated by Eightcap International Ltd (Seychelles) that offers One Phase and Two Phase CFD challenges on mt4, mt5 and tradelocker with balance-based drawdown limits, a 14-day payout cycle, and 80% profit splits...
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Overview
Trustpilot Rating 3.3 0 0
Trustpilot Reviews 1 0 0
Headquarters South Africa Ireland Seychelles
Age (Years) N/A 3 1
Max Funding $400,000 $650,000 $600,000
Profit Split Start 80% 80% 80%
Profit Split Max 92.75% 90% 90%
Platforms mt5 match-trader MT4 MT5 Quadcode mt4 mt5 tradelocker
Assets FX Metals Indices Energy & Commodities Crypto Forex stocks indices commodities ETFs cryptocurrencies FX Commodities Indices Crypto US Stocks (Day Trader only)
Leverage
FX Leverage 30 30 100
Metals Leverage 10 25 20
Crypto Leverage 2 3 3
Risk & Drawdown Rules
Max Daily Loss Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). 5 Maximum Daily DrawdownEightcap Challenges applies a balance-based daily drawdown rule calculated from the previous day’s account balance snapshot (Previous Day Balance × Limit%). Your account’s intraday equity loss must not exceed this daily limit.One Phase: 4% daily drawdown (Assessment and Payout Stages).Two Phase: 5% daily drawdown (Assessment, Qualification and Payout Stages).Day Trader: No daily drawdown; risk is managed via fixed maximum drawdown thresholds tied to the selected timeframe and multiplier.
Max Total Loss Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). 6 Maximum DrawdownOverall drawdown is enforced as a fixed percentage of the initial balance for standard challenges and as fixed-dollar thresholds for Day Trader Challenges.One Phase: 8% maximum drawdown (Assessment and Payout Stages).Two Phase: 10% maximum drawdown (Assessment, Qualification and Payout Stages).Day Trader: Maximum drawdown is defined in dollars and varies by timeframe and multiplier (DT-1/DT-2/DT-4/DT-8 with 2x/5x/10x options).
Drawdown Type Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) Trailing (dynamic drawdown calculated from the highest equity reached) Balance-based (Daily from previous-day balance; Max fixed from initial balance)
Payouts
Payout Frequency Payouts every 14 days (VIP tiers faster). Weekly Payout FrequencyOne Phase & Two Phase: Standard payout eligibility begins 14 days into the Payout Stage (or 7 days with the earlier-payout add-on), provided all payout-stage requirements and KYC are satisfied.Day Trader Challenges: Payout eligibility is immediate upon successful completion of the time-limited challenge.
Days to First Payout 14 7 14
Payout Processing Time Processing 12–72 hours. 1 Payout ProcessingPayout requests are reviewed by the risk team for rules compliance and KYC (if required). Approved payouts are typically processed within 24–48 hours of an eligible request, but may take longer if additional review is required.
Payout Methods Crypto RiseWorks Bank transfer Crypto International Bank Transfer
Payments
Payment Methods Credit/Debit Card Crypto Apple Pay Credit/debit card Bank transfer Credit/Debit Card (Visa Mastercard) Crypto (USDT TRC20 USDT ERC20 BTC)
Trading Permissions
News Trading News trading restricted on Live Sim (±3 minutes). News trading is allowed as long as traders comply with risk and drawdown limits. High-frequency activity around news events is prohibited. Trading during major news events is restricted: you cannot place trades within 10 minutes before or after high-impact events (per FXStreet). Trading inside the window is treated as a soft breach that triggers a warning and removal of any profits made from those trades.
Weekend Trades Weekend trading allowed. Overnight positions are allowed. Weekend holding depends on the selected plan, with some requiring positions to be closed before market close on Friday. Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend.
Copy Trading Copy trading allowed for own strategies only. There is no formal copy-trading program. Traders are expected to trade their own strategies, and coordinated or mirrored trading is discouraged. Copy trading or mirroring another person’s trades is prohibited and may result in profit removal or account termination. Copying between your own accounts is allowed only if all accounts are registered under the same email address.
EA Allowed EAs allowed on MT5 only. Expert Advisors and automated strategies are permitted if they comply with the rules. High-frequency trading, scalping, and hedging strategies are not allowed. Expert Advisors (EAs) and indicators are permitted, but prohibited strategy types (including martingale, grid, tick trading, arbitrage variants, gap trading and account management) are monitored and can trigger violations—especially during the Payout Stage.
KYC & Restrictions
KYC Required Yes No No
KYC Stage KYC required at Live Sim stage. KYC and AML verification are required before receiving a funded account and payouts. Traders must submit valid government ID, proof of address, and identity verification. Australia, Saint Lucia, Afghanistan, Central African Republic, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Myanmar, Russia (and Crimea, Donetsk, Luhansk and Sevastopol regions of Ukraine), Somalia, Sudan, South Sudan, Syria, Yemen, Zimbabwe, Libya
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 OFAC-sanctioned countries including Iran North Korea Syria Cuba and other restricted jurisdictions Australia Libya Lebanon Pakistan Russia Somalia South Sudan Sudan United States Zimbabwe Afghanistan Central African Republic Cuba Democratic Republic of the Congo Guinea-Bissau Iran Iraq Myanmar North Korea Syria Yemen
Seacrest Markets SabioTrade Eightcap Challenges

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