Hong Kong • Founded 201580% start • 90% after 3 payouts • up to 100%
Live: every 14 days • Instant: every 30 days
Availability depends on platform
Sizes from $5K to $150K
Trading Platforms
MetaTrader 5
MatchTraderPayout Methods
CryptoAbout NYS Markets
NYS Markets is a proprietary forex firm built around a simple idea: the capital is just a tool, and the trader's skill is what actually matters. You get three clear ways in. The Instant account skips the evaluation completely and puts you on a funded account from day one. The 1-Step challenge keeps things simple with a single 10% target. The 2-Step challenge runs the more traditional two-phase route for traders who want to prove consistency before going live. Account sizes run from $5,000 all the way to $150,000, and the whole thing sits on two platforms most traders already know: MetaTrader 5 and MatchTrader. What stands out reading through trader feedback is how often the same things come up: the pricing is genuinely affordable, the platform is clean and easy to navigate, the rules aren't overly restrictive, and support tends to reply within a day. There's also a built-in education side through NYS Academy, with structured lessons, recorded live sessions, and tools like a smart journal and performance dashboard baked into the platform.
Programs & Modes
Instant
Funded immediately, no evaluation. Daily loss limit 3%, trailing maximum loss 5%, and a flat 80% profit split. Available from $5,000 to $100,000. You can request your first payout 30 days after your first trade. A good fit for confident traders who already have a tested strategy and want to skip the challenge entirely.
Profit Split: 80%
Drawdown: Trailing | First Payout: 30 days | Max risk per trade: 2%
1-Step Challenge
A single evaluation phase with a 10% profit target, 3% daily loss limit, and 6% maximum loss. Minimum 3 trading days. Once you pass, you move to a live funded account that starts at 80% and climbs to 100%. Leverage up to 1:30.
Profit Split: 80% → 100%
Target 10% | Daily 3% | Max Loss 6% | Leverage 1:30
2-Step Challenge
The traditional route. Phase 1 has an 8% target, Phase 2 a 5% target, with a 5% daily loss limit and 10% maximum loss. Minimum 3 trading days per phase. Higher leverage at 1:100 and the same 80% to 100% split path on the funded account. This is also where the cheapest entry sits, starting at just $36 for the $5K.
Profit Split: 80% → 100%
Targets 8% / 5% | Daily 5% | Max Loss 10% | Leverage 1:100
Profit Split & Progression
Every live funded account starts at an 80% trader split. After three payouts that moves up to 90%, and consistent profitable traders can reach a full 100% split over time. Instant accounts pay a flat 80%. There's no rush to perform either, since in most cases you can progress through the evaluation at your own pace, which takes a lot of the pressure off compared to firms with tight time limits.
Education & Tools
One thing NYS leans into harder than most prop firms is education. The dashboard bundles a performance tracker, trading analytics, a smart journal, an economic calendar with news, leaderboards, and community features. NYS Academy adds structured lessons and recorded live trading sessions, and there's even an AI assistant (NYS GPT) for market insights and analysis ideas. For newer traders this is genuinely useful, and it's a recurring theme in the positive reviews.
Leverage (per program)
| Program | Max Leverage |
|---|---|
| 1-Step | |
| 2-Step | |
| Instant |
Restricted Countries
United States • Russia • United Arab Emirates (UAE) • Any jurisdiction listed by FATF or subject to international sanctions
| Size | Program | Target | Daily Loss | Max Loss | Profit Split | Payout | Loyalty | Price |
|---|
Every account you buy earns spins — win a free $100K account or account credits
Buy a $5K or $10K Account
Pick up any $5,000 or $10,000 account — 1-Step, 2-Step, or Instant — and earn 1 spin on the prize wheel. Every spin is a shot at a free $100K account or credits toward your next purchase.
Buy a $20K or $50K Account
Step up to a $20,000 or $50,000 account and you earn 2 spins. Double the chances at the free $100K account or $100 in credits to put toward another challenge.
Buy a $100K or $150K Account
Go big with a $100,000 or $150,000 account and earn 3 spins — the best odds at landing a free $100K account outright, or stacking up credits for future accounts.
Daily Loss Limit
1-Step: 3% of starting balance. 2-Step: 5%. Instant: 3%. Live funded accounts follow the same limit as the evaluation they came from (1-Step funded = 3% daily, 2-Step funded = 5% daily).
Maximum Loss Limit
1-Step: 6%. 2-Step: 10%. Instant: 5% trailing. These limits keep risk in check while leaving room to apply your own strategy.
Profit Target
1-Step: 10% in a single phase. 2-Step: 8% in Phase 1, then 5% in Phase 2. Instant: no target — you're funded from the start. Once the target is hit and all trades are closed, the objective is confirmed and the account moves to the live stage.
Profit Split
Live accounts start at 80% trader / 20% company. After 3 payouts this rises to 90%, and consistent profitable performance can take you up to a 100% split. Instant accounts pay a flat 80%.
Minimum Trading Days
3 separate trading days to complete an evaluation stage. A day counts when at least one trade is opened, win or lose.
News Trading
Allowed on the evaluation stages (Step 1 and Step 2) with no restriction. On live and Instant accounts, opening new trades is restricted in a 10-minute window around major news (5 minutes before, 5 minutes after). Trades opened before the window can stay open and be managed normally.
Scalping
Allowed across all programs — evaluation, Instant, and live funded. Short-term trading is fine. What's not allowed is exploiting technical delays, latency, or platform inefficiencies.
Expert Advisors / Bots
Allowed, as long as they follow normal market behaviour. Automated systems that try to exploit latency arbitrage or pricing delays are not permitted.
Weekend & Overnight Holding
Allowed. You can hold positions overnight and over the weekend. Just be aware that weekend gaps can happen when markets reopen — risk management stays on you.
Max Risk Per Trade
Live stage: maximum 3% of account balance per trade idea. Instant stage: 2%. A "trade idea" means multiple positions in the same direction on the same instrument within a short window. Splitting a position to get around the limit isn't allowed.
Max Exposure Per Instrument
Capped at 4% of account balance per instrument to avoid over-concentrating risk in one market.
Multiple Accounts
Allowed. You can buy and run multiple evaluation accounts as long as each one follows its own rules. Accounts operate independently and cannot be merged — each must meet its own objectives.
KYC Verification
Required before accessing the live stage or receiving payouts. Usually a government-issued ID and some basic account verification details.
Prohibited Strategies
The program rewards genuine trading skill. Latency arbitrage, high-frequency trading (HFT), server flooding, exploiting price-feed delays, and coordinated hedging across multiple accounts are all banned. Accounts using these may be reviewed or suspended.
Maximum Allocation
Up to $200,000 in combined funded capital. You can run multiple accounts toward that cap, but accounts operate independently and cannot be merged — each must meet its own objectives.
Restricted Countries
United States • Russia • United Arab Emirates (UAE) • Any jurisdiction listed by FATF or subject to international sanctions
Live On-Chain Payouts — Last 30 Days
Loading…RISEPAY on-chain data only. Some firms also pay via wire or other crypto — figures are a partial view.
80% → 100% split • live payouts every 14 days • paid via crypto or bank transfer within 24 hours
Payout Frequency
Live accounts can request a payout every 14 days after the first trade. After your first payout, you can request once per week. Instant accounts can request every 30 days after the first trade, and every 30 days thereafter.
Profit Split
Live accounts start at 80% trader / 20% company. After 3 payouts it rises to 90%, and consistent profitable performance can take you up to 100%. Instant accounts pay a flat 80% split.
Minimum Payout
Live accounts: minimum payout request of $100. Instant accounts: 1% of the initial account balance, with a $100 minimum.
Processing Time
Once approved, payouts are typically processed within 24 hours. Before approval the system checks that all trades are closed, all rules were respected, and no restricted strategies were used.
Payout Methods
NYS pays out via crypto or bank transfer. Pick whichever suits you at request time.
Open Trades
You can't request a payout while trades are open. All positions must be closed and profits reflected in the balance — only closed trades count during payout validation.
KYC
Identity verification (KYC) is required before accessing the live stage or receiving payouts. Usually a government-issued ID plus basic verification details.
Crypto • Bank Transfer
Available Markets
Available instruments depend on the trading platform you select (MetaTrader 5 or MatchTrader).
Forex
Major, minor and cross currency pairs — EUR/USD, GBP/USD, USD/JPY, AUD/USD and more. The core market for most NYS traders.
Indices
Global stock index CFDs covering US, European and Asian markets.
Metals
Gold, silver and other precious metals against major currencies.
Energies
Oil and gas instruments for traders who follow the commodity markets.
Cryptocurrencies
Major crypto pairs, with weekend trading available since the crypto market never closes.
Leverage by Program
Max Leverage
1-Step: up to 1:30 • 2-Step: up to 1:100 • Instant: up to 1:50. Leverage is set per program and applies across the instruments available on your platform.
Highlights
Up to 100% Split
Start at 80%, reach 90% after 3 payouts, climb to a full 100%
Three Ways In
Instant, 1-Step, or 2-Step — pick the route that fits you
MT5 & MatchTrader
Two familiar platforms with full mobile support
Expert Review & Ratings
NYS Markets has put together one of the more beginner-friendly offers in the forex prop space. The pricing is hard to argue with — a 2-Step $5K starts at just $36 — and the rule set stays flexible where it counts: scalping, EAs, news trading on the evaluation, and weekend holding are all on the table. The three-route model (Instant, 1-Step, 2-Step) means you're not boxed into one format, and the built-in education through NYS Academy is a genuine plus for newer traders. Profit split runs 80% to 100%, and traders consistently call out fast support and a clean, easy platform. Trustpilot has the firm sitting at 4.5 across 106 reviews.
Summary
NYS Markets is a forex prop firm offering three challenge routes — Instant, 1-Step, and 2-Step — on MetaTrader 5 and MatchTrader. What makes it stand out is the combination of low entry pricing (from $36), a flexible rule set, and a real focus on trader education through NYS Academy. The profit split starts at 80% and scales to 100% with consistency, live payouts can be requested every 14 days, and approved payouts are processed within 24 hours via crypto or bank transfer. Traders repeatedly highlight the clean, easy-to-use platform, the affordable prices, and responsive support that replies within a day. For traders — especially newer ones — who want a low-cost, low-pressure way into funded forex trading with strong learning resources, NYS is well worth a look.
Deep Dive
More About NYS Markets
Is NYS Markets Legit?
NYS Markets holds a 4.5 Trustpilot rating across 106 reviews at the time of writing, with the large majority of feedback in the 4 and 5-star range. Traders point to fast, responsive support, a clean and easy-to-use platform, affordable pricing, and rules that aren't overly restrictive. The firm publishes its full rule set — risk limits, profit targets, payout terms — rather than hiding it behind vague terms, and KYC verification before the first payout is standard, responsible practice. Payouts run via crypto or bank transfer and are processed within 24 hours of approval. The built-in NYS Academy and in-platform analytics also show a firm investing in helping traders actually improve, not just collect challenge fees. As with any prop firm, trade within the rules and keep your own records, but the public track record here is solid.
NYS Markets vs Other Forex Prop Firms
NYS Markets vs FTMO: FTMO is the established name with a 90% split cap, but it no longer accepts US traders and its entry pricing is higher. NYS comes in much cheaper (from $36), pushes the split all the way to 100%, and adds an Instant funding route FTMO doesn't offer.
NYS Markets vs FundingPips: Both run 1-Step and 2-Step evaluations at competitive prices. NYS layers an Instant account on top and leans harder into education with NYS Academy, recorded live sessions, and in-platform analytics — a real edge if you're still developing your strategy.
NYS Markets vs Alpha Capital: Alpha Capital offers 1-Step, 2-Step and 3-Step routes with an 80% split. NYS matches the multi-route flexibility, starts at the same 80% but scales to 100% with consistency, and tends to undercut on entry price.
NYS Markets Frequently Asked Questions
What is the profit split at NYS Markets?
Live funded accounts start at an 80% trader split. After three payouts it rises to 90%, and consistent profitable performance can take you up to a full 100%. Instant accounts pay a flat 80%.
What programs does NYS Markets offer?
Three routes. The Instant account funds you immediately with no evaluation. The 1-Step challenge has a single 10% target. The 2-Step challenge runs two phases (8% then 5%). Account sizes range from $5,000 to $150,000.
How do NYS Markets payouts work?
Live accounts can request a payout every 14 days after the first trade, then weekly afterwards. Instant accounts request every 30 days. The minimum payout is $100, and approved payouts are processed within 24 hours via crypto or bank transfer. KYC is required before your first payout.
What platforms does NYS Markets support?
MetaTrader 5 (MT5) and MatchTrader, both available straight from the NYS dashboard with mobile apps for iOS and Android.
Can I use EAs and hold trades over the weekend?
Yes to both. Expert Advisors are allowed as long as they follow normal market behaviour, and you can hold positions overnight and over the weekend. Latency arbitrage, HFT and cross-account hedging are not permitted.
How cheap is the cheapest NYS account?
The 2-Step $5,000 account starts at just $36, which is among the most affordable entry points in the forex prop space. Instant accounts start at $69 and 1-Step at $59.
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