If you’re searching for a prop firm without KYC, you probably want something simple. Buy a challenge, trade, get paid, and never upload a passport or a selfie. Most prop firms can’t give you that. Right now there’s one firm FundedTruth has verified that works this way from start to finish, and that’s Vest Markets. You can pay by card or from your crypto wallet, you get paid in USDC, and there’s no KYC at any step.
And no KYC isn’t even the best part. Vest also has a static drawdown, no consistency rule, and payouts from day one. Let’s walk through how it all works.
Why Almost Every Prop Firm Asks for KYC
Most firms will happily sell you a challenge without asking for ID. The catch shows up when you pass and request your first payout. That’s when the KYC email lands.
The reason is simple. Payouts go through banks, card processors and payment platforms, and those companies need to know who’s receiving the money. Firms also use KYC to stop one person from running ten accounts under ten emails. So when a firm says “no KYC to sign up”, it usually means no KYC yet.
How Vest Markets Works Without KYC
Vest Markets is a 24/7 perpetual futures exchange with its own built in prop program called Vest Capital. The key difference is how payouts work. Your profits are paid on chain, wallet to wallet in USDC, so there’s no bank in the middle that needs your identity before it can send you money. That’s exactly the point where other firms ask for KYC, and Vest skips it.
Here’s the flow. You sign up with an email, a Google account or a Web3 wallet. You pay the evaluation fee with a card or straight from your crypto wallet, and neither option asks for ID. You trade on Vest’s own platform. Once you’re funded and in profit, you withdraw your share as USDC to your primary Vest account, and from there out to your own wallet. At no point do you upload a document.
Why Traders Like Vest Beyond No KYC
No KYC gets people through the door, but the rules are what make Vest worth sticking with.
Static drawdown
The 6% max drawdown is fixed from day one and never moves up with your balance. On a $10,000 account, your floor is $9,400, and it stays $9,400 no matter how much you make. Most firms use a trailing drawdown, where every new high pulls the floor up behind you and a good run actually tightens your room. With Vest, every dollar of profit is extra cushion.
No consistency rule
There’s no rule saying one day can’t make up too much of your profit. If you catch one big move and hit the target in a single day, that counts. You don’t have to spread your gains out or hold back on a good day just to stay within a percentage cap.
Payouts from day one
Once you’re funded, you can withdraw on demand, 24/7, from the first day. There’s no minimum number of trading days, no waiting period and no fixed payout cycle. Passing is instant too. Hit the target and your evaluation is swapped for a funded account of the same size right away, with no manual review.
Cheap entry
A $5,000 account costs $39, which makes it one of the cheapest ways to get funded anywhere. And you can run up to 10 accounts at once if you want more capital.
Vest Markets Account Sizes and Prices
There’s one path here, a 1-step evaluation, offered in three sizes. The rules are identical across all three. Only the dollar figures change.
| Account | Price | Profit Target (10%) | Max Drawdown (6%, static) | Drawdown Floor |
|---|---|---|---|---|
| Silver $5,000 | $39 | $500 | $300 | $4,700 |
| Gold $10,000 | $78 | $1,000 | $600 | $9,400 |
| Platinum $25,000 | $204.75 | $2,500 | $1,500 | $23,500 |
On the funded account you keep 80% of profits.
The Rules You’ll Trade Under
Two risk rules apply on both the evaluation and the funded account.
The daily loss limit is 4% of your account balance plus 50% of any unrealized profit, and it resets at 8:00 PM ET every day. The max drawdown is the 6% static floor we covered above. Breach either one and the account closes, so size your positions with both in mind.
The rest is short:
- No minimum or maximum trading days
- No consistency rule
- Hedging isn’t allowed, so no opposite positions on the same instrument
- Up to 10 accounts at once
- Max leverage is 50x on indices, 25x on stocks, 15x on crypto and 5x on forex, gold and commodities
Can You Trust Vest Markets?
Yes. As of now, Vest Markets is legit and it’s paying traders.
It’s run by Vest Exchange Inc., a Panama company, with a public CEO in Justin Ma, so there’s a real name and a real company behind it. In October 2026 it announced a $13 million funding round led by Portal Ventures, which is rare in an industry where most firms are self funded. Vest also says about 26% of its 27,000 traders had received a cash payout as of late September, far above the single digit payout rates you see across most of the industry. Its smart contracts have been audited by OtterSec.
No KYC doesn’t mean anonymous here. Vest is a known company. It just doesn’t ask for your ID.
Things to Keep in Mind
The largest account is $25,000, so if you want more capital you’ll run multiple accounts rather than one big one. Trading happens on Vest’s own platform, so there’s no MT5 or cTrader, and API trading isn’t available. Payouts come as USDC, so double check the network before you withdraw to your wallet. Vest also doesn’t accept traders from a few countries, including the UK and China, so check the Vest Markets overview before you buy.
What About Other On Chain Prop Firms?
There are other on chain prop firms that claim to work without KYC, but FundedTruth hasn’t verified any of them, so we can’t vouch for their reliability. For now, Vest is the one we recommend.
Who Vest Markets Suits
Vest is a great fit if you want privacy, fast payouts and rules that don’t fight you. Discretionary traders who like to let winners run will get the most out of the static drawdown and the lack of a consistency rule. It’s also a strong pick for anyone who wants to get funded cheaply and start withdrawing right away.
If you specifically need MT5 or want to run EAs, a regular firm is a better match.
Get a Discount on Vest Markets
Use code FTRUTH at checkout, or sign up through this link. Buy 5 evaluations through FundedTruth and get 2 more free. See the full offer details.
FAQ
Can I get a payout from a prop firm without KYC?
Yes, with Vest Markets. Payouts go to your wallet in USDC with no ID check. Most other firms let you buy without KYC but ask for it before your first payout.
Do I need KYC to pay for a Vest Markets evaluation by card?
No. Whether you pay by card or from a crypto wallet, Vest doesn’t ask for ID at checkout.
Does Vest Markets have a consistency rule?
No. You can make your whole profit target in one day and it still counts.
When can I take my first payout on Vest Markets?
From day one on the funded account. There’s no minimum trading days and payouts are on demand, 24/7.
Is Vest Markets legit?
Yes. As of now Vest Markets is legit and paying traders. It’s a registered company with a public CEO, $13 million in outside funding, and a payout rate well above the industry average.
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