Vest Exchange Rules

Vest Exchange runs a 1-step evaluation with only two risk rules, but both are strict: breach either one and the account closes immediately and permanently, no warning and no recovery. Here's everything that applies, on both the Evaluation and the Funded Account.

Trading Hours

Crypto markets on Vest trade 24/7, including weekends. Positions are not force closed at any point over the weekend. Non-crypto markets (equities, commodities, FX) pause from Friday 8:00 PM ET until Sunday evening, but that pause doesn't affect the crypto perpetual plans covered here.

Consistency Rule

None. Vest Exchange doesn't run a consistency requirement on any tier.

Daily Loss Limit

4% of your account balance plus 50% of any unrealized profit. This is a hard limit, there's no soft-breach warning tier. It resets every day at 8:00 PM ET, when a snapshot of your account balance (collateral plus realized PnL) is taken and used to calculate the next day's limit.

Max Drawdown

Static, not trailing. The floor is fixed from day one and never moves as your balance grows: $4,700 on Silver, $9,400 on Gold, $23,500 on Platinum. Both the daily loss limit and the max drawdown are active at all times, whichever one you hit first closes the account.

Hedging

Not allowed. You can't hold opposing positions on the same instrument to offset risk.

Number of Accounts

Up to 10 accounts per trader, any mix of Silver, Gold and Platinum.

Prohibited Activity

Manipulating price feeds or oracles, or exploiting vulnerabilities in them, is explicitly prohibited. High-frequency trading itself isn't addressed one way or the other in the published terms.

Fees

The one-time evaluation fee is the only cost stated for getting started. Perpetual funding payments apply as they would on any perpetual position, paid or received depending on which side of the market you're on, this isn't a separate firm fee and isn't waived for evaluation or funded accounts.

Restricted Countries

China (including Hong Kong and Macao), Cuba, North Korea, Iran, Russia and Syria are listed as prohibited jurisdictions in Vest's program terms.

Refunds

You can request a refund of your evaluation fee within 3 days of purchase, provided you haven't placed any trades on the account.