FAQ

Getting started

What is OWNIT and how does it work?

OWNIT is a prop trading platform. You pay a one-time fee for an evaluation, trade a defined account inside two loss limits, and reach a 10% profit target. Pass, and you claim a funded simulated account: no profit target, and a reward of 90% of the simulated profit.The fee is the only money you put in, and it is refunded once, with the payout on the first evaluation you pass.

Stage	What happens
Evaluation	Reach the 10% profit target inside a 3% max daily loss and an 8% max loss
Funded	No profit target, no deadline, same two loss limits
Payout	A reward of 90% of the simulated profit, paid in USDC on Solana

Simulated orders are priced against Hyperliquid’s live on-chain order book. Accounts, trades, and payouts are recorded on-chain on the Solana network, so the record exists outside the firm.Prop trading · Why OWNIT

Who can join OWNIT?

OWNIT is open to traders worldwide: no qualifications, licenses, or trading history are required, and beginners are welcome.Some regions are restricted. The full country list and the EEA route are in Who can join OWNIT.

Do I need to complete KYC?

No. Know your customer (KYC) checks are not required to buy an evaluation, trade it, or take a payout.OWNIT may still ask you to verify your identity in individual cases, and this can change in the future.

Which OWNIT evaluation should I choose?

There is one evaluation and it is one step. The objectives are identical at every size, and every size trades the same 98 markets. Only the account size and the fee change, so the only choice is the size that fits the positions you already trade.

Account size	Fee	Profit target	Max loss limit
$5,000	$49	$5,500	$4,600
$10,000	$95	$11,000	$9,200
$25,000	$239	$27,500	$23,000
$50,000	$449	$55,000	$46,000
$100,000	$749	$110,000	$92,000

Sizes, fees, and the market list change from time to time. For the current figures, check Choose an evaluation and Markets.

Evaluation rules

What do I need to do to pass my evaluation?

Reach the profit target without touching either loss floor. There is no time limit and no minimum number of trading days.

Objective	Requirement
Profit target	10% of your starting balance, measured on balance, so only closed trades count
Max daily loss	Do not lose more than 3% of your start-of-day balance. Checked on equity, resets 00:00 UTC
Max loss	Do not lose more than 8% of your starting balance. Static, checked on equity
Best day	Your best day must be ≤ 50% of the sum of your profitable days before you can claim funding

Worked through on a $100,000 account: Rulebook.

What is the difference between max daily loss and max loss?

Max daily loss is a floor that moves. Max loss is a floor that does not.

	Max daily loss	Max loss
Size	3% of start-of-day balance	8% of starting balance
Measured from	Your balance at 00:00 UTC, closed trades only	Your starting balance
Set	Recut at 00:00 UTC every day	Once, at purchase
Moves	Down after a losing day, up after a winning one	Never
Checked against	Equity	Equity

On a $100,000 account the max floor is $92,000 for the life of the account, even after you grow it to $110,000. The daily floor starts at $97,000 and is recut each midnight UTC from that day’s opening balance.The 00:00 UTC snapshot is balance, not equity: unrealized P&L on a position held through midnight is not in it, so it does not move the next day’s floor. Only the check is on equity.The number to watch while a position is open is From breach: equity minus whichever floor is nearer. At zero, the account breaches. After several losing days the daily floor can sit below the max floor, and then the max floor is the nearer one.Rulebook · Account summary

What is the best day rule?

Your single best day may not be more than 50% of the sum of your profitable days. Losing days are not subtracted; they simply do not count.

Best day

Day 1   closed profit   +$10,000
Day 2   closed loss      −$2,000   not counted
Day 3   closed profit    +$6,000

Sum of all profitable days  =  $10,000 + $6,000  =  $16,000
Best day                    =  Day 1, $10,000
Best day share              =  $10,000 of $16,000  =  62.5%

The rule gates two things: claiming a funded account, and requesting a payout. It never breaches the account, and nothing is lost while you are over the cap. In the example above, Day 1 is the best day, and while it stays the best day the sum of your profitable days has to be at least $20,000 for the rule to be satisfied: another $4,000 from profitable days. Account size does not enter into it; the rule is a ratio.The readout on the Desk shows where you stand.Rulebook · Desk

What happens if I breach my evaluation?

A breach is equity touching either floor. When it happens:

Open positions are closed.
The account stops trading.
Positions and history stay readable, so you can review what happened.
To trade again, buy a new evaluation.

Breaches are final. There are no resets or appeals. You never owe the loss; the account simply ends.

The same applies on a funded account.Rulebook

Trading rules

What can I trade?

98 markets, all as perpetual futures, from one account. Every account size trades the same list.

Category	Examples
Crypto	Bitcoin, Ethereum, Solana
Equities	Apple, Alphabet, Coinbase
Commodities	Gold, silver, Brent crude, natural gas
Indices	S&P 500
FX	Major pairs

Because these are perpetuals rather than the underlying, you trade equities and commodities around the clock, priced from the same 24/7 book as crypto, with no expiry and nothing to roll over.Each market carries its own leverage cap and its own maximum notional size. Both are on the Markets table and next to the symbol on the trading screen.Markets · Perps and CFDs

Can I trade during news events and hold positions overnight or over the weekend?

Yes to all three. None of them is restricted.

Rule	On OWNIT
News trading	Allowed
Weekend or overnight holding	Allowed
Time limit	None
Stop loss	Not required
Strategy	Any: scalping, swing

OWNIT markets are perpetual futures. They have no expiry and no session close, so there is no overnight swap and nothing to roll over. Positions can be opened, managed, and closed at any hour, weekends included.

The rules never pause. The max daily loss floor resets at 00:00 UTC every day, weekends included, and an open position at a loss counts against it at 03:00 on a Sunday as much as at noon on a Tuesday.

Holding costs funding: an hourly payment between longs and shorts, charged at each hour boundary.24/7 markets · Fees

What leverage and position limits apply?

Leverage is capped per market and tops out at 5x.

Markets	Max leverage
Bitcoin, Ethereum, gold, silver, oil, indices, FX	5x
Most equities and ETFs	3x
Everything else	2x

These caps apply during private beta. Leverage will open up progressively as OWNIT comes out of beta.Leverage · Margining

Which trading practices are prohibited?

These are ruled out on the evaluation and on a funded account:

Exploiting errors. Profiting from a pricing error, a delayed feed, or any platform or Hyperliquid fault.
Opposite positions across accounts. Hedging one account against another, yours or someone else’s, so one passes while the other breaches.
Coordinated trading. Trading with others to offset positions, time signals against the loss limits, or otherwise collude.
Abusive automation. Software, AI, or high-speed tools used to manipulate the platform. Automation itself is allowed.
Unrealistic risk. Exposure that no real account would run: maximum leverage on everything, one-sided concentrated bets, or cycling through evaluations as lottery tickets.
Account sharing. One person per account. No sharing access, no trading someone else’s, no one trading yours.
Anything against the Terms.

Knowing where the line is, and staying on the right side of it, is your responsibility.Trading conduct · Terms of use

Can I use bots or automated trading?

Yes. Automation is allowed on the evaluation and on a funded account. You can run scripts, algorithms, or AI tools against your own account, and there is no requirement to place orders by hand.The line is what the automation is pointed at. Software, AI, or high-speed tools used to manipulate the platform are prohibited: chasing a pricing error, a delayed feed, or a fault in the platform or in Hyperliquid.The account stays yours alone. One person per account, no sharing access, and no one else trading it on your behalf.Trading conduct

Funded account and payouts

What happens after I pass my evaluation?

Claiming converts a passed evaluation into a funded account on the same tier. To claim, all three must be true:

Profit target reached
Best day at or under 50% of the sum of your profitable days
No open positions

Resets	Stays
Balance and equity, to the starting balance	Max daily loss and max loss
Statistics	Best day, for payouts
Profit target: removed	Trading history and the equity graph, with the reset marked

The funded account is active as soon as you claim. Payouts open from $20 of profit.

Claim a funded account

Which rules apply once I am funded?

The two loss limits are unchanged. The profit target is gone.

Parameter	Funded account
Profit target	None
Max daily loss	3% of start-of-day balance. Checked on equity, resets 00:00 UTC
Max loss	8% of starting balance. Static, checked on equity
Best day	Must be ≤ 50% of the sum of your profitable days before you can request a payout
Time limit	None
Breach	The account ends. Buy a new evaluation to trade again

After a payout, balance and equity return to the starting balance and the objectives reset with it.Rulebook

What reward do I receive and how do payouts work?

You earn a reward of 90% of your simulated profit. Payouts are on demand and settle in USDC on Solana.

Term	Value
Reward	90% of your simulated profit
When	On demand; all positions must be closed
Minimum	$20 of available profit
Maximum	$10,000 a day, during private beta
Best day	Best day ≤ 50% of the sum of your profitable days, or the request waits
Amount	Full available profit, up to the daily cap. Partial payouts are not available
Rail	USDC on Solana; network fee sponsored
Time	Within about an hour

To request one: select Request Payout, enter an email for the receipt, enter the Solana address to pay to or keep the connected wallet, review the amount and the evaluation fee refund if this is your first, and confirm.

Profit above the daily cap is not carried over. Request a payout holding $15,000 of available profit and you receive $10,000. The account then resets to its starting balance and the remaining $5,000 is gone. Request before your available profit passes $10,000.

On-chain transfers cannot be reversed. Check the address before you confirm.

Payouts

Payments and refunds

What fees do I pay?

One fee is paid to OWNIT; it’s the evaluation fee. Trading and funding fees are simulated and come off your account balance, to reflect real trading costs. OWNIT does not collect them.

Fee	Paid from	Applies to
Evaluation fee	You, at purchase	Once, per account. Refunded with the first payout for your first funded account only
Maker	account balance	Limit orders that rest on the book, including reduce-only limit orders that close a position
Taker	account balance	Market orders, stop loss and take profit triggers, and limit orders that cross the spread
Funding	account balance	Open positions, charged hourly. The rate varies by market

Asset class	Maker	Taker
Crypto	0.01%	0.03%
Equities	0.01%	0.03%
FX, commodities, indices	0.001%	0.007%

fee = size × fill price × ratePayouts, inactivity, and the platform itself are free. There is no monthly or data charge.For maker/taker fees, every position is charged twice: once on the order that opens it, once on the order that closes it. Opening and closing 1 BTC at $60,000 costs $36 with market orders in and out, or $12 with limit orders that rest on the book both ways.

Trading fees come off balance and equity on every fill, so they count toward the max daily loss and the max loss.

Fees

How can I pay for an evaluation?

You pay by wallet, from Solana or any supported EVM chain. There is no card and no bank transfer.The evaluation fee settles in USDC on Solana. Anything else is converted for you automatically: Mayan bridges across chains and Jupiter handles the swap. The route and its fee are shown before you sign, so you approve the whole path in one step.

Paying with USDC already on Solana is the cheapest and fastest route, because nothing needs to be bridged or swapped.

Before you confirm, you review the order summary, the Terms & Conditions, and the Risk Disclosure. When the payment arrives your evaluation is active, and the summary shows the transaction on Solscan.Set up an account · Fees

What is OWNIT's refund policy?

Two refunds. Neither needs a ticket.

Refund	Condition	Amount	Paid
14-day	Within 14 days of purchase, no trade placed on that account	Full fee	To the payment source
Fee refund	Pass your first evaluation and request your first payout (first time only)	Full fee	With the payout, as a separate USDC transfer

The 14-day refund is per account. An untouched second evaluation still qualifies while you trade the first. Placing a trade ends it, and you accept that at checkout.The fee refund is claimed once, on the first payout of your first funded account. It does not count against your reward. The fee is held against passing, not spent.Refunds · Terms of use

Introduction

Getting Started

Platform

Trading

Resources

Appendix

Getting started

Evaluation rules

Trading rules

Funded account and payouts

Payments and refunds

​Getting started

​Evaluation rules

​Trading rules

​Funded account and payouts

​Payments and refunds

Getting started

Evaluation rules

Trading rules

Funded account and payouts

Payments and refunds