Last updated: 10 October 2026
Eight criteria, each with what to look for and the warning sign. The last column shows where FundedRise stands, so you can check our answers against the pricing page rather than take them on trust.
| Criterion | What to look for | Red flag | FundedRise |
|---|---|---|---|
| INR pricing | Fee quoted and charged in rupees, payable by UPI or bank transfer. | Dollar price, card-only or crypto-only checkout. | Priced in INR; UPI, bank transfer or card. |
| NSE / BSE instruments | The index derivatives you already trade, not forex or US futures. | Indian indices offered only as CFDs, or not at all. | NIFTY and BANKNIFTY options (NSE), SENSEX options (BSE). |
| Indian market hours | Trading window and square-off time in IST. | Sessions that only open overnight for India. | 9:15 am to 3:15 pm IST; all positions closed at 3:15 pm. |
| Payout method and cycle | A fixed cycle, in rupees, to your own bank account. | "Payouts on request" with no date, or wallet-only payouts. | Every 14 days, in INR, to the bank account in your approved KYC. |
| Rule transparency | Every target and limit published in rupees before checkout. | Rules that only appear after you pay or after a breach. | Targets, limits, window and share are on the pricing page per account size. |
| Drawdown type | Static limits you can calculate on day one. | Trailing drawdown that rises with every profitable day. | Static: daily and overall limits are fixed percentages of the starting size. |
| Refund and reset policy | Published refund terms and a published reset price. | A cheap first fee with an undisclosed retry price. | One reset of a failed account at 50% of the original fee. See the refund policy. |
| Simulation and legal disclosure | A plain statement that the evaluation is simulated and what the company is not. | Claims of SEBI registration, guaranteed income or "real exchange capital". | Simulated execution on live prices. Not a broker, exchange member, adviser or SEBI-registered. |
Refund terms: refund policy and terms. Legal position: is prop trading legal in India?
The three common challenge structures trade fee against room. Here is how they compare on FundedRise for a ₹1 Lakh account; every limit scales with the size you choose, up to ₹25 Lakh (₹20 Lakh on Instant Funding).
| Programme | Fee | Profit target | Daily loss limit | Overall loss limit | Window | Your share |
|---|---|---|---|---|---|---|
| 2-Step Evaluation | ₹2,700 | Phase 1: 8%, then 5%₹8,000, then ₹5,000 | 4%₹4,000 | 10%₹10,000 | 60 days | 80% |
| 1-Step Evaluation | ₹3,900 | 10% in a single phase₹10,000 | 4%₹4,000 | 8%₹8,000 | 45 days | 80% |
| Instant Funding | ₹4,100 | 5% before a payout₹5,000 | 3%₹3,000 | 6%₹6,000 | 30 days | 70% |
The widest overall loss limit of the three, and the cheapest fee. Most people starting out pick this.
One phase instead of two, in exchange for a tighter overall limit and a higher target.
No assessment phase at all. The strictest daily limit, the highest fee and a 70% share.
The headline fee is only part of it. Two numbers matter more: how much loss room the fee buys you, and what it costs to try again. Room is the overall loss limit in rupees — the amount the account can fall before it ends. A retry on FundedRise is a one-time reset of a failed account at half the original fee.
| Programme (₹1 Lakh) | Fee | Overall loss room | Room per ₹1 of fee | One reset |
|---|---|---|---|---|
| 2-Step Evaluation | ₹2,700 | ₹10,000 | ₹3.7 | ₹1,350 |
| 1-Step Evaluation | ₹3,900 | ₹8,000 | ₹2.1 | ₹1,950 |
| Instant Funding | ₹4,100 | ₹6,000 | ₹1.5 | ₹2,050 |
Read this table the same way for any firm you are considering. A challenge with a low fee but a tight overall limit can cost more per realistic attempt than a dearer one with more room. Larger account sizes and their fees are listed on pricing.
With a static drawdown the account fails at a fixed rupee level that never moves. With a trailing drawdown the failure level rises as your account makes new highs, so profit you have already made can be given back before you reach the target. Two challenges with the same 10% headline limit can be very different to pass.
FundedRise uses static limits. The overall limit is a fixed percentage below the starting account size, and the daily limit is a fixed rupee amount counted from where your balance stood at the start of the IST trading day, including losses on open positions. The full definitions, with worked rupee examples, are in prop firm rules explained.
If a firm's public pages cannot answer one of these, ask support in writing before you pay. A vague answer is itself an answer.
Can I see the fee, profit target, daily limit and overall limit in rupees for my account size before paying?
Is the drawdown static or trailing — and if trailing, when does it stop moving?
Does a loss on an open position count towards the daily limit, or only closed trades?
What time does the trading day reset, and is it in IST?
Is there a cap on how much of the target one day can contribute?
What does a retry cost, and how many retries are allowed?
On what date can I request my first payout, and what conditions apply to it?
Is the payout made in rupees to a bank account in my own name?
If you trade forex, US markets, commodities or crypto, we have nothing for you — the platform runs Indian index options only. Index futures are not permitted, positions cannot be held overnight, and copy trading and algorithmic execution are not allowed, so swing traders and automated strategies are better served elsewhere.
And if you want a guaranteed income, no honest challenge offers one. A rules-based assessment is designed to be difficult, you can fail it and lose the fee, and past results — yours or anyone else's — do not predict future ones. Pay only a fee you can afford to lose.
The one whose rules fit how you trade. For most Indian index traders that means a challenge priced and paid in rupees, on NSE or BSE instruments, during Indian market hours, with static loss limits published in rupees before you pay and a dated payout cycle to an Indian bank account. Use the eight criteria on this page to compare any challenge, including ours.
Neither is better in general; they trade off differently. On FundedRise the 2-Step costs ₹2,700, has two smaller targets (8% then 5%) and the widest overall limit (10%). The 1-Step costs ₹3,900, has one 10% target and a tighter 8% overall limit. If you want more room for drawdown, the 2-Step gives it; if you want one phase, the 1-Step does.
Fees vary by firm and account size. On FundedRise a ₹1 Lakh account costs ₹2,700 (2-Step), ₹3,900 (1-Step) or ₹4,100 (Instant Funding), one-time. Compare the total cost of an attempt — the fee plus what a retry costs — rather than the headline fee alone.
For most traders a trailing drawdown is harder, because the floor rises as you make profit, so a winning week leaves you less room than you started with. A static drawdown stays at a fixed rupee level. FundedRise uses static limits measured against the starting account size.
Yes, on platforms built for the Indian market. FundedRise assessments run on NIFTY and BANKNIFTY options on the NSE and SENSEX options on the BSE, buying and selling, intraday only. Index futures, overnight positions, copy trading and algorithmic execution are not permitted.
Policies vary, so read them before paying. On FundedRise the fee is non-refundable once the account is issued; the terms provide for a refund where the service cannot be provided. A failed account can be reset once at half the original fee.
Not on FundedRise. Prices come live from NSE and BSE, but execution is simulated and no order reaches the exchange. What is real is the fee you pay and the performance reward paid to you under the published programme terms if you pass and qualify.
Every target, limit and fee for every account size is published before checkout. Read them, then decide.