Eight routes to funding — Instant, Flash, One Trade, 2-Step Classic, 2-Step Prime and three One Rule accounts, with splits to 100%.
Trading Platforms
MetaTrader 5
Match Trader
TradingView
QuantowerPayout Methods
CryptoAbout NYS Markets
NYS Markets is a forex prop firm based in Saint Lucia, founded in January 2015 and led by CEO Pako Thawani. You trade forex, metals, indices, energies and crypto CFDs on MetaTrader 5, Match-Trader, TradingView or Quantower, with accounts from $5,000 to $200,000.
There are eight accounts. Instant funds you from day one. Flash is the cheapest way in, with a 6% target and an activation fee when you pass. One Trade is a single 10% phase, and 2-Step Classic and 2-Step Prime are two-phase challenges with different targets and limits. The One Rule range (Instant, 1-Step and 2-Step) has only one rule, a 4% max loss, and pays out daily. With the NYS Markets discount code GUIDE every account is 60% off, so a $10,000 Flash costs $15.20.
Instant, Flash, One Trade and both 2-Step accounts pay an 80% profit split, or 100% with an add-on, and payouts are on demand once you have 5 profitable days (7 on Instant). One Rule starts at 50% and climbs to 90%, with payouts from the first funded day. No challenge has a time limit.
Challenge Programs
Instant
Funded from day one, with no profit target. The daily loss limit is 3% and the max loss is 5%, trailing your highest equity. Open losses may never reach 1% of the balance, and one trade idea may never lose more than 2%. Payouts need 7 profitable days within 30 and a 15% consistency rule. Sizes 5K–200K, from $27.20 with code GUIDE.
Profit Split: 80% (100% with an add-on)
Target None | Max Loss 5% (Intraday Trailing) | Daily 3% | Min Days 7 | Leverage 1:100 | Time None | No Activation Fee
Flash
One phase with a 6% target, no daily loss limit and a 4% end-of-day trailing max loss. You pay a small entry fee now and an activation fee when you pass. Funded accounts add a 1% open-risk cap, a 2% risk cap per trade idea and a 30% consistency rule. Sizes 10K–200K, from $15.20 with code GUIDE.
Profit Split: 80% (100% with an add-on)
Target 6% | Max Loss 4% (EOD Trailing) | No Daily Limit | Min Days 1 | Leverage 1:100 | Time Unlimited | Activation $50–$409
One Trade
One phase with a 10% target, a 3% daily loss limit and a 6% fixed max loss, and no minimum trading days. Funded accounts add a 2% risk cap per trade idea and a 30% consistency rule. Sizes 10K–200K, from $19.20 with code GUIDE.
Profit Split: 80% (100% with an add-on)
Target 10% | Max Loss 6% (Static) | Daily 3% | Min Days 1 | Leverage 1:100 | Time Unlimited | No Activation Fee
2-Step Classic
Phase 1 asks for 8% and Phase 2 for 5%, with a 5% daily loss limit and a 10% fixed max loss, the widest limits NYS offers. There is no consistency rule, and funded accounts cap risk per trade idea at 2%. Sizes 10K–200K, from $31.20 with code GUIDE.
Profit Split: 80% (100% with an add-on)
Targets 8% / 5% | Max Loss 10% (Static) | Daily 5% | Min Days 1 | Leverage 1:100 | Time Unlimited | No Activation Fee
2-Step Prime
Two phases of 6% each, with tighter limits than Classic: a 3% daily loss limit and a 6% fixed max loss. There is no consistency rule, and funded accounts cap risk per trade idea at 2%. Sizes 10K–200K, from $23.20 with code GUIDE.
Profit Split: 80% (100% with an add-on)
Targets 6% / 6% | Max Loss 6% (Static) | Daily 3% | Min Days 1 | Leverage 1:100 | Time Unlimited | No Activation Fee
One Rule Instant
Funded from day one with a single rule: a 4% static max loss. No daily loss limit, no consistency rule, no minimum days and no risk cap per trade. Leverage is 1:50. Sizes 5K–100K, from $150.40 with code GUIDE.
Profit Split: 50% to 90% (scaling)
Target None | Max Loss 4% (Static) | No Daily Limit | Min Days 1 | Leverage 1:50 | Time None | No Activation Fee
One Rule 1-Step
One phase with an 8% target and a 4% max loss that trails your highest equity in real time. Once funded, the max loss is fixed at 96% of the balance and nothing else applies. Leverage is 1:50. Sizes 5K–100K, from $94.40 with code GUIDE.
Profit Split: 50% to 90% (scaling)
Target 8% | Max Loss 4% (Intraday Trailing) | No Daily Limit | Min Days 1 | Leverage 1:50 | Time Unlimited | No Activation Fee
One Rule 2-Step
Two phases on the same account, 6% then 4%, with the same 4% trailing max loss. The balance resets for Phase 2. Once funded, the max loss is fixed at 96% of the balance. Leverage is 1:50. Sizes 5K–100K, from $70.40 with code GUIDE.
Profit Split: 50% to 90% (scaling)
Targets 6% / 4% | Max Loss 4% (Intraday Trailing) | No Daily Limit | Min Days 1 | Leverage 1:50 | Time Unlimited | No Activation Fee
Key Features
• 60% off every account with code GUIDE
• Eight accounts, from instant funding to two-phase challenges
• No minimum trading days to pass and no time limit
• On-demand payouts, processed within 24 hours
• One Rule: daily payouts, no daily loss limit, no consistency rule, hedging and EAs allowed
• Add-ons for a 100% split, double payout cap, news trading, a free reset and a 2-for-1 account
• MetaTrader 5, Match-Trader, TradingView and Quantower
Leverage
| Asset | Instant, Flash, One Trade & 2-Step | One Rule |
|---|---|---|
| Forex | ||
| Metals | ||
| Indices | ||
| Energies | — | |
| Crypto |
The same leverage applies in the challenge and on the funded account.
Restricted Countries
| Size | Program | Profit Target | Max Loss | Daily Loss | Drawdown | Profit Split | Payout | Loyalty | Activation Fee | Price |
|---|
60% Off
Code GUIDE takes 60% off every NYS Markets account: Instant, Flash, One Trade, 2-Step Classic, 2-Step Prime and One Rule. A $10,000 Flash drops from $38 to $15.20, a $100,000 One Trade from $478 to $191.20 and a $100,000 2-Step Prime from $538 to $215.20.
Trading Styles Allowed
Scalping, intraday and swing trading, and holding positions overnight and over the weekend are allowed on every account.
Expert Advisors Allowed
Allowed on every account. On Instant, Flash, One Trade and 2-Step the EA must be your own; third-party, bought or rented EAs are banned. One Rule allows third-party EAs too.
Copy Trading Allowed
Allowed between accounts you own, including your own accounts at other prop firms and your own live accounts. Copying trades from third parties is banned, except on One Rule, which allows copy trading and signals.
One Rule: Hedging, Martingale & Grids Allowed
One Rule allows any trading style, including hedging, martingale and grid strategies. Its only rule is the 4% max loss.
No Time Limit or Minimum Days Allowed
No challenge has a deadline or a minimum number of trading days to pass.
News Trading Restricted
On Instant, One Trade and 2-Step, and on funded Flash accounts, you cannot open, close or modify trades, or let an order fill, from 10 minutes before to 10 minutes after high-impact news on the Forex Factory calendar. On Instant and funded Flash a violation closes the account. On One Trade and 2-Step it goes from a warning to a halved payout, then a lost payout, and the 4th violation closes the account. Flash allows news in the evaluation. The News Allowed add-on (+20%) removes the restriction. On funded One Rule accounts, positions are closed 15 minutes before NFP, CPI and FOMC and trading pauses until 15 minutes after, which never counts as a breach.
Daily Loss Restricted
3% on Instant, One Trade and 2-Step Prime, 5% on 2-Step Classic, and none on Flash and One Rule. The limit is measured from your equity at the 21:00 UTC rollover and includes open trades, commissions and swaps.
Max Loss Restricted
Instant: 5% below your highest equity, trailing intraday in real time. Flash: 4% trailing your highest equity at the 21:00 UTC close. One Trade 6%, 2-Step Classic 10% and 2-Step Prime 6%, all fixed. One Rule: 4%, trailing intraday in the challenge and fixed at 96% of the balance once funded.
Open Risk & Risk per Trade Idea Restricted
On Instant and funded Flash, open losses across all positions may never reach 1% of the balance. On every funded account except One Rule, one trade idea may never lose more than 2% of the starting balance. Trades on the same instrument and in the same direction count as one idea if they overlap or open within 10 minutes of each other.
Consistency Rule Restricted
Instant: your best day may not be more than 15% of total profit. Funded Flash and One Trade: no day and no single trade more than 30%. It is checked only at a payout request and never breaches the account. 2-Step and One Rule have none.
Inactivity Restricted
An account with no trade for 30 days is closed.
Funded Allocation Restricted
Up to $400,000 in funded accounts across Instant, Flash, One Trade and 2-Step. Extra funded accounts must be kept in reserve. One Rule doesn’t count toward the limit.
Add-ons Restricted
Chosen at checkout only and kept for the life of the account: News Allowed (+20%), Double Payout Cap (+40%), 100% Profit Split (+20%), 2-for-1 Account (+40%) and Free Reset (+50%). One Rule Instant offers a 2-for-1 account; One Rule 1-Step and 2-Step offer a 2-for-1 account and a free reset.
Hedging & Martingale Prohibited
Except on One Rule, opposite positions on the same instrument, in one account or across accounts, and martingale or recovery systems are banned.
Execution Abuse Prohibited
High-frequency trading, latency arbitrage, toxic order flow, order flooding and trading on delayed or wrong prices are banned on every account.
Third Parties & Gambling Prohibited
Letting someone else trade the account, coordinating trades with other people, and gambling-style or reckless overleveraged trading are banned outside One Rule.
Restricted Countries
We only track firms that pay via RISEPAY on-chain. This firm uses a different payout method.
See All Live-Tracked Firms →Crypto or bank transfer • On demand • Processed within 24 hours
Instant, Flash, One Trade & 2-Step
Payouts are on demand once you qualify. You need 5 profitable days on the funded account, or 7 within 30 days on Instant. A profitable day closes with at least 0.25% of the starting balance in net profit, counting closed trades only. Days roll over at 21:00 UTC.
Consistency
At the payout request, your best day may not be more than 15% of total profit on Instant, and no day or single trade more than 30% on funded Flash and One Trade. 2-Step Classic and 2-Step Prime have no consistency rule. Going over never breaches the account; it only delays the payout until more profit brings the share down. That makes 5 profitable days the fastest route to a first payout, or 7 on Instant.
Payout Cap
Each request is 2% of the starting balance, so $2,000 on a $100,000 account. The Double Payout Cap add-on (+40%) raises it to 4% for the life of the account.
Profit Split
80% as standard. The 100% Profit Split add-on (+20%) raises it to 100% for the life of the account. Add-ons can only be chosen at checkout.
One Rule Payouts
Payouts are daily, from the first day of the funded account, and you can request more than once a day. The minimum is $50 and there is no maximum, so you choose how much of the profit above the starting balance to take. There are no profitable-day or consistency requirements. The split starts at 50% and rises 10 points for every 10% of profit made on the funded account, up to 90%.
Before You Request
Close every position and cancel every pending order first. KYC must be approved before the funded stage on Flash, One Trade and 2-Step, and before the first payout on Instant and One Rule. Requests are processed within 24 hours.
Maximum Allocation
You can hold up to $400,000 in funded accounts across Instant, Flash, One Trade and 2-Step. One Rule accounts don’t count toward that limit and have none of their own.
Payout Methods
Crypto or bank transfer.
Available Markets & Leverage
Forex
Metals
Indices
Energies
Crypto
Commissions
Commissions
Vary by instrument, shown on the platform
Swaps
Charged at 00:00 UTC on positions still open
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NYS Markets Reviews & Ratings
Rated by our community & expert team
NYS Markets has an account for almost every style: instant funding, a cheap Flash challenge, one- and two-phase evaluations with no minimum days, and One Rule, where a 4% max loss is the only rule and payouts are daily. With code GUIDE everything is 60% off, and add-ons can take the split to 100%. The catch is the payout cap of 2% of the balance per request on the standard accounts, the trade-idea and open-risk limits once funded, and One Rule’s split, which starts at 50%.
Summary
NYS Markets is a forex prop firm based in Saint Lucia, founded in January 2015 and led by CEO Pako Thawani. It sells eight accounts from $5,000 to $200,000: Instant, Flash, One Trade, 2-Step Classic, 2-Step Prime, and One Rule Instant, 1-Step and 2-Step. With code GUIDE every account is 60% off, so Flash starts at $15.20, One Trade at $19.20 and 2-Step Prime at $23.20. The standard accounts pay 80%, or 100% with an add-on, with on-demand payouts after 5 profitable days, capped at 2% of the balance per request. One Rule pays daily from the first funded day, with a split that scales from 50% to 90%. You can trade on MetaTrader 5, Match-Trader, TradingView or Quantower.
Deep Dive
More About NYS Markets
Is NYS Markets Legit?
NYS Markets has operated since January 2015 and is led by CEO Pako Thawani. It publishes a full rulebook for every account, down to how a trade idea is grouped and when swaps are charged, requires KYC before funding or payouts, and processes payout requests within 24 hours.
As with any prop firm, read the rules for the exact account you buy, especially the news window and the trade-idea limit, and request your first payout as soon as you qualify before you size up.
NYS Markets vs Other Forex Prop Firms
NYS Markets vs Alpha Capital: Both sell instant, 1-Step and 2-Step accounts. Alpha Capital caps the split at 90%, while NYS Markets pays 80% as standard and 100% with an add-on, and its One Rule accounts pay out daily.
NYS Markets vs Blue Guardian: Blue Guardian also has instant, 1-Step and 2-Step routes with splits up to 100%. NYS Markets adds Flash, a cheap 6% challenge with an activation fee, and One Rule, where a 4% max loss is the only rule.
NYS Markets vs Goat Funded Trader: Goat Funded Trader has eight routes too, from instant tiers to a 3-Step. NYS Markets has no minimum trading days on its challenges and runs on four platforms, including TradingView and Quantower.
NYS Markets Frequently Asked Questions
Is NYS Markets legit?
NYS Markets has operated since January 2015 under CEO Pako Thawani and is based in Saint Lucia. It publishes detailed rules for every account, requires KYC before funding or payouts, and processes payout requests within 24 hours.
What is the NYS Markets discount code?
GUIDE. It takes 60% off every account, so a $10,000 Flash costs $15.20 instead of $38 and a $100,000 One Trade $191.20 instead of $478.
How much does NYS Markets cost?
With code GUIDE, Flash starts at $15.20 (plus an activation fee when you pass), One Trade at $19.20, 2-Step Prime at $23.20, 2-Step Classic at $31.20, Instant at $27.20 and One Rule from $70.40.
What accounts does NYS Markets offer?
Instant (no evaluation), Flash (6% target), One Trade (10%), 2-Step Classic (8% then 5%), 2-Step Prime (6% then 6%), and One Rule Instant, 1-Step (8%) and 2-Step (6% then 4%). Sizes run from $5,000 to $200,000.
What is NYS Markets One Rule?
A range of accounts with one rule: a 4% max loss. There is no daily loss limit, no consistency rule, no minimum days and no risk cap per trade, and hedging, martingale and third-party EAs are allowed. The split scales from 50% to 90%, payouts are daily from the first funded day, and leverage is 1:50.
What is the difference between 2-Step Classic and 2-Step Prime?
Classic asks for 8% then 5% with a 5% daily loss limit and a 10% max loss. Prime asks for 6% in each phase with a 3% daily loss limit and a 6% max loss. Everything else is the same.
How does NYS Markets Flash work?
Flash is one phase with a 6% target, no daily loss limit and a 4% end-of-day trailing max loss. You pay a low entry fee, then an activation fee from $50 to $409 when you pass.
What is the NYS Markets profit split?
80% on Instant, Flash, One Trade and 2-Step, or 100% with the 100% Profit Split add-on. One Rule starts at 50% and rises to 90% as you make profit.
How do NYS Markets payouts work?
On the standard accounts, payouts are on demand after 5 profitable days (7 within 30 on Instant), each with at least 0.25% net profit, and each request is 2% of the starting balance. One Rule pays daily from the first funded day with a $50 minimum. Requests are processed within 24 hours.
Is news trading allowed at NYS Markets?
Not by default on Instant, One Trade, 2-Step and funded Flash: trading stops from 10 minutes before to 10 minutes after high-impact news. The News Allowed add-on removes that. Flash allows news in the evaluation, and One Rule only pauses trading around NFP, CPI and FOMC once funded.
What add-ons does NYS Markets offer?
News Allowed (+20%), Double Payout Cap (+40%), 100% Profit Split (+20%), 2-for-1 Account (+40%) and Free Reset (+50%) on the standard accounts. One Rule offers a 2-for-1 account, and a free reset on 1-Step and 2-Step.
Can I use EAs and copy trading at NYS Markets?
Yes. On the standard accounts the EA must be your own and you can only copy between accounts you own. One Rule allows third-party EAs, copy trading and signals.
What platforms does NYS Markets use?
MetaTrader 5, Match-Trader, TradingView and Quantower. Leverage is up to 1:100, or 1:50 on One Rule.
Where is NYS Markets based?
Saint Lucia. The firm was founded in January 2015 and its CEO is Pako Thawani.
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