Halcyon Trader Funding LLC (Detroit, Michigan) is a simulated futures prop firm offering three distinct account tracks. Halcyon Lite uses intraday trailing drawdown with no consistency rule and an evaluation that can be passed in a single day. Halcyon Prime uses EOD drawdown with a 40% consistency rule on reward accounts, plus an optional 1-Day Pass add-on. The Standard Evaluation Track is a 4-phase path to live brokerage. Key features across the firm include no daily loss limit on any account type, explicitly allowed DCA, a one-time fee model with no monthly subscription, a 90/10 split on all reward accounts, and rewards every 8 trading days via Rise Pay.
Trading is day trading only, with auto-close at 4:45 PM EST and no overnight or weekend positions held. Instruments include ES, NQ, YM, RTY, CL, GC, SI, and all micro equivalents across CME, COMEX, NYMEX, and CBOT. Market data is included with every account. Payments are processed via Rise Pay. Verify current pricing at halcyontraderfunding.com.
Get Funded with Halcyon Trader FundingFirm Overview
| Firm | Halcyon Trader Funding LLC. Detroit, Michigan, USA |
| Type | Simulated futures prop trading. Day trading only. |
| Tagline | Founded and designed by real futures traders, for futures traders |
| Products | Halcyon Lite (intraday trailing) | Halcyon Prime (EOD, 40% consistency) | Standard Eval Track |
| Fee Model | One-time fee per account, plus activation fee after passing. No monthly subscription. |
| Account Sizes | $25K / $50K / $150K |
| Daily Loss Limit | None on any account type |
| Consistency Rule | None on Evaluation, Funded, Lite Reward. 40% on Prime Reward only. |
| DCA Allowed | Explicitly confirmed, rare in the futures prop industry |
| Profit Split | 90/10 on all reward accounts (90% to trader) |
| Rewards | Every 8 trading days. Minimum $250. Via Rise Pay (Riseworks.io). |
| Reward Caps | Progressive: $1K to $2K (25K) | $1K to $3K (50K) | $1.5K to $4K (150K) |
| Max Reward Accounts | 3 simultaneously, across all types |
| Auto-Close | 4:45 PM EST. No overnight or weekend holding. |
| News Trading | Allowed, no restrictions |
| Instruments | ES, NQ, YM, RTY, CL, GC, SI, plus all micro equivalents (CME/COMEX/NYMEX/CBOT) |
| Data Providers | DxFeed | Rithmic | WealthCharts | Ironbeam (live only) |
| Market Data | Included with every account. No extra cost. |
| Resets | Available anytime from the dashboard, at a reduced fee versus a new purchase |
Three Account Tracks: Master Comparison
| Feature | Halcyon Lite | Halcyon Prime | Eval Track (Standard) |
|---|---|---|---|
| Drawdown type | Intraday trailing | EOD trailing | Intraday trailing |
| Consistency rule | None | 40% on reward only | None |
| Min eval days | 1 day | 3 days (or 1 with add-on) | 1 day |
| Phases | 2 (eval to reward) | 2 (eval to reward) | 4 (eval, funded, SBA, live) |
| Fee model | One-time + activation | One-time + activation | One-time + activation |
| Best for | Speed, no consistency | Intraday flexibility | Full structured path |
Halcyon Lite: Intraday Trailing, No Consistency, 1-Day Pass
Lite Evaluation Specifications
| Account | Profit Target | Intraday Trailing DD | Contracts | Reset Fee |
|---|---|---|---|---|
| $25K | $1,350 | $1,000 | 3 minis / 30 micros | $37 |
| $50K | $2,750 | $2,000 | 5 minis / 50 micros | $57 |
| $150K | $8,500 | $4,000 | 10 minis / 100 micros | $89 |
Halcyon Lite uses an intraday trailing drawdown that tracks the highest TLV (Total Liquidation Value), including both realized and unrealized profits. Any open profitable position that then gives back profits can raise the floor intraday, which requires careful position management. The strength of Lite is zero consistency rule on both the evaluation and the Lite Reward Account.
Lite Reward Account TLV Thresholds
Once the reward buffer is reached, TLV must remain above starting balance plus $100 at all times.
| Account | Trailing DD | Reward Buffer | Min TLV After Buffer |
|---|---|---|---|
| $25K | $1,000 | $1,100 | $25,100 |
| $50K | $2,000 | $2,100 | $50,100 |
| $150K | $4,000 | $4,100 | $150,100 |
Lite Reward Caps (Same as Prime)
| Account | 1st Reward | 2nd Reward | 3rd Reward | 4th+ Reward |
|---|---|---|---|---|
| $25K | $1,000 | $1,000 | $1,500 | $2,000 |
| $50K | $1,000 | $1,500 | $2,000 | $3,000 |
| $150K | $1,500 | $2,000 | $2,500 | $4,000 |
Halcyon Prime: EOD Drawdown, 1-Day Pass Option, 40% Consistency
Prime Evaluation Specifications
| Account | Profit Target | EOD Drawdown | Contracts | Reset Fee |
|---|---|---|---|---|
| $25K | $1,500 | $1,000 | 3 minis / 30 micros | $43 |
| $50K | $3,000 | $2,000 | 5 minis / 50 micros | $73 |
| $150K | $9,000 | $4,500 | 10 minis / 100 micros | $113 |
Halcyon Prime uses EOD drawdown that updates only on realized profits at session close. Intraday equity spikes from open positions do not raise the floor, which gives extra flexibility for scaling in and out of positions and for large-move trades. However, the EOD drawdown does not permit intraday dips below the floor; falling below it at any moment fails the account. The 1-Day Pass add-on, a separate purchase, allows bypassing the 3-day minimum and the 40% consistency rule during the evaluation only.
Prime's 40% consistency rule (reward accounts only): no single day may exceed 40% of total profits. If exceeded, trading continues until the ratio drops below 40%. This is not disqualifying, it simply delays the next payout cycle. Example: total profits $10,000, best day $5,000 (50%), trading continues until total profits reach at least $12,500.
Prime Reward Account Thresholds
| Account | EOD DD | Reward Buffer | Min TLV After Buffer |
|---|---|---|---|
| $25K | $1,000 | $1,100 | $25,100 |
| $50K | $2,000 | $2,100 | $50,100 |
| $150K | $4,500 | $4,600 | $150,100 |
Standard Evaluation Track (4 Phases)
| Account | Eval Target | Eval DD | Funded Target | Funded DD | Contracts | Min Days |
|---|---|---|---|---|---|---|
| $25K | $1,500 | $1,500 (trail) | $1,200 | $1,000 (trail) | 2 mini / 20 micro | 1 eval / 5 funded |
| $50K | $3,000 | $2,500 (trail) | $2,500 | $2,500 (trail) | 5 mini / 50 micro | 1 eval / 5 funded |
| $150K | $9,000 | $5,500 (trail) | $8,000 | $5,500 (trail) | 10 mini / 100 micro | 1 eval / 5 funded |
The standard track has 4 phases: Evaluation Account, then Funded Account, then Simulated Brokerage Account (no additional charge), then Live Brokerage. The Simulated Brokerage Account starts with a balance equal to the funded account's profit target, for example $8,000 for the 150K. The static loss limit is a $200 minimum. There is no consistency rule and no daily loss limit across all four phases.
Trading Rules
- No daily loss limit on any account type.
- No consistency rule on Evaluation, Funded, or Lite. 40% applies on Prime Reward only.
- DCA (Dollar-Cost Averaging) is explicitly allowed.
- Auto-close at 4:45 PM EST. No overnight or weekend positions.
- News trading is fully allowed, with no restrictions.
- Copy trading is allowed.
- Algos and bots are allowed on the trader's own system, with no HFT and not shared across firms.
- No limit on the number of Evaluation or Funded accounts.
- Maximum of 3 reward accounts simultaneously, across all types.
- 250 contracts per day maximum, combining micros and minis.
- Inactivity: 30 days without a trade disables the account.
- Evaluation accounts expire after 60 calendar days if not passed.
Pros & Cons
PROS
- ✓ No daily loss limit on any account type, maximum intraday freedom across all products
- ✓ No consistency rule on Evaluation, Funded, and Halcyon Lite Reward accounts
- ✓ DCA (Dollar-Cost Averaging) explicitly allowed, rare in the futures prop industry
- ✓ Halcyon Lite: pass evaluation in a single trading day, fastest possible path
- ✓ Halcyon Prime: EOD drawdown gives full intraday flexibility, since drawdown trails from session close only
- ✓ Halcyon Prime 1-Day Pass add-on: bypass the 3-day minimum and 40% consistency on evaluation
- ✓ One-time fee per account, no monthly subscription on any product
- ✓ No limit on the number of Evaluation and Funded accounts
- ✓ Simulated Brokerage Account: no additional charge to access from the Funded Account
- ✓ Copy trading and algorithmic trading allowed (own systems, no HFT)
- ✓ 90/10 profit split on all reward accounts
- ✓ Progressive reward caps that grow with each consecutive payout
- ✓ No milestone traps on Sim Brokerage Account: rewards available after 8 days with no arbitrary hold-back
- ✓ Wide instrument range: ES, NQ, YM, RTY, CL, GC, SI, plus all micro equivalents
- ✓ Market data included with every account
- ✓ Reset option available at reduced cost
- ✓ News trading allowed, with no restrictions on news events
CONS
- ✗ Activation/upgrade fee required after passing evaluation, adding to total cost on the first pass
- ✗ Maximum of 3 reward accounts total, limiting simultaneous income streams
- ✗ Halcyon Prime: 40% consistency rule on reward accounts, single strong days delay the next payout
- ✗ EOD drawdown (Prime) does not allow intraday dips below the floor; falling below at any point fails the account
- ✗ Evaluation accounts expire after 60 calendar days, time-bounded despite being a one-time fee
- ✗ 30-day inactivity rule on all account types
- ✗ Reward processing up to 5 business days (FIFO), not same-day
- ✗ Prohibited: more than 250 contracts per day across micros and minis
- ✗ VPN use to bypass geographical restrictions is prohibited
- ✗ HFT and multi-firm algorithmic systems are prohibited
- ✗ Intraday trailing (Lite) tracks unrealized profits; a large open gain can raise the floor, and giving it back can create a hard breach
- ✗ No weekend holding, all positions must be closed by 4:45 PM EST
- ✗ Live Brokerage Account available but requires qualification through the Sim Brokerage path
- ✗ Pricing not prominently published on the main website, must be checked directly
Verdict
Halcyon Trader Funding delivers a well-structured multi-track architecture covering three trader profiles: Lite for maximum speed and freedom, Prime for intraday flexibility through EOD drawdown, and the Standard track for a structured path to live brokerage. No daily loss limit across all account types is a rare and valuable structural feature. DCA being explicitly permitted is a genuine differentiator. The one-time fee model without a monthly subscription reduces pressure on traders who need time to perform. Progressive reward caps reward consistency over time.
Recommended: Halcyon Lite (50K) for speed and no consistency rule. Halcyon Prime (50K) for greater intraday flexibility with EOD drawdown. Standard Track (50K) for a structured path to live brokerage. Check current pricing and the 1-Day Pass add-on at halcyontraderfunding.com.
Frequently Asked Questions
What are the three account tracks at Halcyon Trader Funding?
Halcyon Trader Funding currently offers three account tracks. Halcyon Lite is a streamlined two-phase path (evaluation then Lite Reward Account) using intraday trailing drawdown with no consistency rule, and evaluations can be passed in a single trading day. Halcyon Prime is a two-phase path (evaluation then Prime Reward Account) using EOD drawdown with a 40% consistency rule on reward accounts; evaluations require a minimum of 3 trading days, though a 1-Day Pass add-on is available to complete the evaluation in one day. The traditional Evaluation track is a four-phase path: Evaluation Account, Funded Account, Simulated Brokerage Account, and Live Brokerage Account, all using intraday trailing drawdown, with no consistency rule or daily loss limits, and evaluations passable in one trading day. All tracks use a one-time fee model with no monthly subscription.
What are the key rules that apply to all account types?
Across all Halcyon Trader Funding accounts: there is no daily loss limit of any kind, no consistency rule on Evaluation and Funded accounts (only the 40% rule on Prime Reward accounts), DCA is explicitly allowed, copy trading is permitted, algorithmic trading is allowed for the trader's own systems without high-frequency trading, all positions must be closed by 4:45 PM EST (day trading only), weekend holding is not permitted, a 30-day inactivity rule applies (30 consecutive days without a trade disables the account), there is a limit of 250 contracts per day across micros and minis, VPN use to bypass geographical restrictions is prohibited, and accounts expire if not passed within 60 calendar days.
What is the difference between Halcyon Lite and Halcyon Prime?
Halcyon Lite uses an intraday trailing drawdown that tracks both realized and unrealized profits in real time. This means any open position that creates a profit peak will immediately raise the trailing floor; giving that profit back while the position is still open can trigger a hard breach. Lite evaluations can be passed in one trading day, and there is no consistency rule on either the evaluation or the Lite Reward Account. Halcyon Prime uses an EOD drawdown that only updates based on realized profits at the end of the trading session, so intraday swings do not raise the floor. This gives more intraday flexibility for traders who scale in and out or trade large moves. However, Prime Reward Accounts have a 40% consistency rule: no single trading day's profit can exceed 40% of total profits. Prime evaluations require 3 trading days under the consistency rule, or one day with the optional 1-Day Pass add-on.
How does the EOD drawdown on Halcyon Prime accounts work?
The End-of-Day drawdown on Halcyon Prime accounts updates only based on realized profits at the end of the trading session. It does not update intraday. However, this does not mean traders can dip below the drawdown floor temporarily during the session. The floor is a hard threshold: if total liquidation value (TLV) falls below it at any moment during the day, even briefly, the account fails. The distinction from intraday trailing is that a profitable open position does not immediately raise the floor. The floor only moves up when the session closes with a higher balance. Once the required reward buffer is reached, the TLV must remain above the starting balance plus $100 at all times.
What are the reward (payout) rules and caps?
Reward requests can be submitted once every 8 trading days. A qualifying trading day requires at least one position to be both opened and closed on that day. The minimum reward amount is $250, and a $100 buffer must remain in the account after any withdrawal. The profit split is 90% to the trader and 10% to Halcyon on all reward accounts. Rewards are processed via Rise Pay (Riseworks.io) on a first-in, first-out basis and can take up to 5 business days. Progressive caps apply per account type and size, growing with each payout: for 25K accounts, the cap starts at $1,000 and reaches $2,000 from the 4th reward onward; for 50K, from $1,000 to $3,000; for 150K, from $1,500 to $4,000. The maximum number of active reward accounts is 3 in total across all product types.
What is the Halcyon Simulated Brokerage Account and how does it work?
The Simulated Brokerage Account (SBA) is the third phase of the traditional Evaluation track, accessed after passing both the Evaluation and Funded Account phases at no additional charge. The SBA starts with a balance equal to the profit target of the corresponding funded account. For example, a 150K funded account with an $8,000 profit target means the SBA starts at $8,000. The SBA has a static loss limit with a $200 minimum balance; if the account falls below $200, it fails. Unlike the earlier phases, the SBA uses dynamic scaling: buying power equals $1,000 per mini contract and $100 per micro contract, and it adjusts as the balance grows or shrinks. Rewards are available every 8 trading days with no milestone requirements or blocking targets.
Can I use DCA (Dollar-Cost Averaging) and algorithmic trading?
DCA is explicitly permitted at Halcyon Trader Funding across all account types. This is confirmed in the official help center and is a notable differentiator from many other futures prop firms that restrict averaging-in strategies. Algorithmic and automated trading is also allowed under specific conditions: the system must be solely owned by the trader, it must not be used across multiple prop firms simultaneously, and high-frequency trading bots are not permitted. Halcyon may request proof of the system's usage via screen share or video demonstration. The trader is fully responsible for any results produced by automated systems.
What instruments can I trade at Halcyon Trader Funding?
Halcyon Trader Funding provides access to 14 instruments across CME, COMEX, NYMEX, and CBOT exchanges. The full list includes MES (Micro S&P 500), ES (Mini S&P 500), MYM (Micro Dow), YM (Mini Dow), M2K (Micro Russell 2000), RTY (Mini Russell 2000), MNQ (Micro Nasdaq), NQ (Mini Nasdaq), MCL (Micro Crude Oil), CL (Crude Oil), MGC (Micro Gold), GC (Gold), SIL (Micro Silver), and SI (Silver). All instruments are available across all supported platforms and data providers. Contract limits by account size apply to the total combined position in minis and micros.
What happens if I fail an evaluation and can I reset?
If an evaluation account fails, it can be reset at any time through the Halcyon Trader Dashboard. A reset provides a fresh account balance, a full drawdown, and all risk parameters restored to their original levels, essentially a completely new start. Reset fees are lower than the original evaluation purchase price. For Halcyon Lite accounts, reset fees are $37 (25K), $57 (50K), and $89 (150K). For Halcyon Prime accounts, reset fees are $43 (25K), $73 (50K), and $113 (150K). There are no limits on the number of resets. Evaluation accounts expire and are removed after 60 calendar days if not passed, so resets must be used before expiry or a new account purchased.
What platforms and data providers does Halcyon support?
Halcyon Trader Funding supports four data providers. DxFeed provides market data for standard evaluation and reward accounts. Rithmic is also supported and is a professional-grade futures data and execution platform. WealthCharts is a web-based charting and trading platform supported across all account types. Ironbeam is supported exclusively for live brokerage accounts. After selecting an account type and data provider, traders receive login credentials via email. A self-certification process (professional or non-professional trader status) is required before trading begins. Market data is included with every account at no additional cost.
