Carrot Funding (carrotfunding.io) sells trading challenges that are bought with a one-time fee. Its homepage describes a 2-Phase Challenge and a 1-Phase Challenge. Trading takes place on the firm's own terminal, with Hyperliquid named as the execution venue. Payouts are paid in USDC on the Arbitrum network.
The firm describes itself as a DeFi-native trader funding firm. Its Terms of Service say all trading activity conducted through the platform is simulated. The firm's pages also say that funded traders' trades may be mirrored into on-chain positions.
Some of the firm's own pages are out of step with each other, for example on which programmes are sold, on payout frequency and on the markets offered. We point these out below and say which page we followed.
Everything in this review comes from Carrot Funding's own web pages, saved on 10 October 2026. Rules and prices change, so check the firm's site before you buy.
| Highest profit split | Up to 80% source Firm's wording: “You keep 80% of all profits generated on your funded account CarrotFunding retains 20%.” |
|---|---|
| Cheapest account | $65 (list price) source |
| Account types | 1-Step evaluation, 2-Step evaluation source |
| Markets | Forex, Crypto, Commodities, Stocks, Indices source |
| Platforms | Carrot Terminal source |
| Allowed / offered on at least one account type |
Rules can differ between account types — check the linked page for the account you want. |
| Not allowed, or rules that apply (firm says so) |
|
The homepage describes two challenges. In the 2-Phase Challenge you reach a 5% profit target in the Evaluation Phase and then an 8% target in the Verification Phase. In the 1-Phase Challenge you reach an 8% profit target in a single phase. After passing, the rulebook says you receive a funded account with the same starting balance.
Two FAQ pages in the firm's documentation say it currently offers a 2-Phase Challenge, without mentioning the 1-Phase Challenge. The homepage, the rulebook and the main FAQ all describe both, so we cover both.
The rulebook lists the $5,000 2-Phase Challenge at $65. The FAQ gives fee ranges from $65 for the $5,000 account to $699 for the $100,000 account, and from $75 for the $5,000 account to $799 for the $100,000 account. The homepage marks its prices as a one-time payment. Check the price at checkout.
The rulebook calls the fee a one-time, non-refundable fee paid when you buy a challenge and mint an access NFT. The FAQ says there are no hidden fees, no subscriptions and no recurring charges. When buying, you choose a leverage mode and an account size, and the start-a-challenge guide says challenge parameters adjust based on the leverage mode you choose.
You can pay by card through the payment provider Wert (Visa, Mastercard, Apple Pay or Google Pay) or with crypto through DePay. The Terms of Service also list a Free Demo Trial among the firm's services, which gives limited access free of charge for a specified duration.
| Rule | 2-Phase Challenge | 1-Phase Challenge |
|---|---|---|
| Profit target | 5% (Evaluation), then 8% (Verification) | 8% |
| Max Daily Loss | 5% of equity | 4% of equity |
| Max Loss | 10% of starting balance | 8% of starting balance |
| Best Day (consistency) rule | None, per the FAQ | No single day above 50% of total profit |
| Time limit | None | None |
| Minimum trading days | None | None |
Profit targets. Targets are a percentage of the initial account balance. The FAQ says the target must be reached through closed trades only, and unrealised profits do not count.
Max Daily Loss. The FAQ says this is calculated as a percentage of your account equity at 00:00:00 UTC each day. The rulebook says it is calculated every day at 00:00:00 UTC based on the account balance at that time.
Max Loss. The FAQ says the Max Loss is a percentage of your starting balance, not of your high-water mark. It also says the limit trails upward as your balance grows but stops trailing once it exceeds your original starting balance. The rulebook says it trails upward with profits until it hits the starting balance. The FAQ's Max Loss answer says "Trading fees count toward this limit". Separately, the funded-account FAQ page says the loss limits are reset to their original levels after a payout.
For the 1-Phase Challenge, the FAQ says the Max Loss is 8% in Verification and 10% of the starting balance once funded. For the 2-Phase Challenge it is 10% in both phases and once funded.
Best Day Rule. The rulebook says no single trading day should represent more than 50% of the total profit, and your Best Day Score must be 50 or higher to progress to a funded account or request a payout. The FAQ says this is only applied to the 1-Phase Challenge, and the homepage also shows a "Consistency Score" item.
Funded accounts. Once funded, the profit target is removed and the only rules that remain are the Maximum Daily Loss and Maximum Loss limits. Breaching either one terminates the funded account.
The rulebook says there is no news trading rule, no weekend holding rule and no strategy rule, and that grid trading, swing trading and scalping are allowed. The FAQ says the firm does not restrict trading around news events. It also says you can hold, open and close positions through the weekend because Hyperliquid trades 24/7.
The Forbidden Trading Practices page lists, among others:
The Terms of Service word the automation ban more broadly, listing automated software, high-frequency algorithms, artificial intelligence and mass data entry tools. The FAQ also lists hedging across accounts, meaning opposing positions on the same instrument across two or more Challenge accounts.
Accounts are for personal use only. You may not trade on behalf of others, provide account management services or allow third-party access. The Forbidden Trading Practices page says any violation will result in immediate account termination and forfeiture of payouts. The same page also says a breach may result in corrective action, including trade removal or Evaluation failure.
Profit split. The rulebook says you keep 80% of all profits on your funded account and the firm retains 20%. The FAQ says the remaining 20% goes to the firm's on-chain vault. The funded-account FAQ page words the split as up to 80%.
Eligibility and minimum. The FAQ says you can request a payout once you have a funded account with at least 100 USDC in profit, and the minimum payout is 100 USDC. The funded-account FAQ page gives the example that with an 80/20 split you need 125 USDC in profit to receive 100 USDC. Payouts are for the full amount only; the rulebook says there are no partial payouts.
Before requesting. All trades, including pending orders, must be fully closed. You must wait at least 15 minutes after closing your last trade. Trading on the account is disabled while a payout is processed. After a payout, the Maximum Loss and Maximum Daily Loss are reset to their original limits.
Timing and method. The rulebook and FAQ say payouts are processed within 24 hours, in USDC on-chain via Arbitrum, to your verified wallet, with zero withdrawal fees.
Frequency. The rulebook says you can request a payout at any time once eligible. The Terms of Service say payouts may be processed no more frequently than on a weekly basis. We describe the rulebook's wording above, but the Terms of Service may apply.
Account limits. The rulebook says a trader may hold multiple active funded accounts up to an aggregate balance of $200,000. We did not find a scaling plan that increases account size.
Refunds. The rulebook says all challenge fees are non-refundable once the account is activated, regardless of outcome. The Terms of Service also say all fees are non-refundable.
The firm runs its own trading platform, the Carrot terminal, which it says is developed in-house. It uses TradingView charting and works on desktop and mobile. Hyperliquid is the native execution venue, and the firm says it executes trades on Hyperliquid's fully on-chain order book. You track progress and request payouts in the Trader Dashboard.
Markets. The FAQ and the Hyperliquid venue page say there are 175+ pairs across crypto, commodities, stocks and indices. The rulebook also lists forex as a market. Another FAQ page says the Evaluation Account lets you trade in a simulated crypto market environment, and another documentation page mentions over 230 crypto trading pairs. The rulebook says the exact list depends on Hyperliquid's listed markets and may change. We used the 175+ figure from the FAQ.
Leverage. Leverage is up to 5x per position, or the maximum Hyperliquid allows for that market if that is lower.
Costs. The Hyperliquid venue page says you pay standard Hyperliquid maker/taker fees. It also describes a funding rate with a fixed component of 0.01% per 8 hours, and says this is not a fee charged by the platform itself.
The Terms of Service name CTECHNOLOGIES GAMING DEVELOPMENT - FZCO. They say C Technologies is not a financial services provider, is not registered with the U.S. Securities and Exchange Commission (SEC), and is not a broker, investment advisor, asset manager or financial intermediary.
Simulated trading. The Terms of Service say all trading activity conducted through the platform is simulated and no real monetary transactions are executed. They also say any profit sharing is based solely on simulated trading performance metrics. The funded-account FAQ page says funded traders' trades may be mirrored by the firm's protocol into on-chain positions.
Vault. The firm's vault page says 50% of evaluation revenue is directed into its on-chain investment vehicle (OIV) to back trader activity and potential payouts.
Eligibility. The FAQ says anyone who is 18 years or older and legally permitted to trade in their jurisdiction can join. The Terms of Service require that you do not reside in, or access the services from, a jurisdiction where they are prohibited or restricted. We did not see a published list of restricted countries.
Carrot Funding fits traders who want to trade crypto perpetuals and other Hyperliquid-listed markets on the firm's own terminal, and who are comfortable receiving payouts in USDC to a crypto wallet. The lack of a time limit and minimum trading days, and the absence of news and weekend holding rules, may suit discretionary traders. Traders who rely on automated software or high-frequency trading should note the firm's forbidden practices. Traders who need MetaTrader should note that we did not see it offered, and the rulebook says payouts are "Paid in USDC to your verified wallet."
MyPropGenius Rating:
The rating measures how openly Carrot Funding discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
Check the current rules and prices on the firm's own website before you buy.
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Carrot Funding sells 1-Phase and 2-Phase challenges for a one-time, non-refundable fee, with an 80% profit split, no time limit and USDC payouts that it says are processed within 24 hours. Its pages differ on payout frequency and the markets offered, so read the rulebook and Terms of Service before buying.
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Find My MatchNo. The FAQ says both challenge types have no time limits and no minimum trading days.
The rulebook says you keep 80% of profits on a funded account and the firm retains 20%.
In USDC on-chain via Arbitrum, to your verified wallet. The minimum payout is 100 USDC, and the firm says payouts are processed within 24 hours.
No. The rulebook says all challenge fees are non-refundable once the account is activated, regardless of outcome.
Yes. The FAQ says the firm does not restrict trading around news events, and you can hold positions through the weekend because Hyperliquid trades 24/7.
The Terms of Service say all trading activity on the platform is simulated. The firm also says funded traders' trades may be mirrored into on-chain positions.