> ## Documentation Index > Fetch the complete documentation index at: https://docs.ownit.xyz/llms.txt > Use this file to discover all available pages before exploring further. # FAQ > Common questions on joining OWNIT, the evaluation rules, trading limits, funded accounts, payouts, and refunds. ## Getting started > [accordion] 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](https://docs.ownit.xyz/trading/prop-trading.md) · [Why OWNIT](https://docs.ownit.xyz/why-ownit.md) > [accordion] 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](https://docs.ownit.xyz/appendix/who-can-join.md). > [accordion] 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. > [accordion] 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](https://docs.ownit.xyz/getting-started/choosing-a-challenge.md) and [Markets](https://docs.ownit.xyz/resources/markets.md). ## Evaluation rules > [accordion] 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](https://docs.ownit.xyz/resources/rulebook.md). > [accordion] 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](https://docs.ownit.xyz/resources/rulebook.md) · [Account summary](https://docs.ownit.xyz/platform/account-summary.md) > [accordion] 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. > > ```text Best day theme={"system"} > 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](https://docs.ownit.xyz/resources/rulebook.md) · [Desk](https://docs.ownit.xyz/platform/desk.md) > [accordion] What happens if I breach my evaluation? > > A breach is equity touching either floor. When it happens: > > 1. Open positions are closed. > > 2. The account stops trading. > > 3. Positions and history stay readable, so you can review what happened. > > 4. To trade again, buy a new evaluation. > > > [!WARNING] > > > > 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](https://docs.ownit.xyz/resources/rulebook.md) ## Trading rules > [accordion] 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](https://docs.ownit.xyz/resources/markets.md) table and next to the symbol on the trading screen. > > [Markets](https://docs.ownit.xyz/resources/markets.md) · [Perps and CFDs](https://docs.ownit.xyz/trading/perps-and-cfds.md) > [accordion] 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. > > > [!WARNING] > > > > 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](https://docs.ownit.xyz/trading/24-7-markets.md) · [Fees](https://docs.ownit.xyz/resources/fees.md) > [accordion] 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](https://docs.ownit.xyz/trading/leverage.md) · [Margining](https://docs.ownit.xyz/trading/margining.md) > [accordion] Which trading practices are prohibited? > > These are ruled out on the evaluation and on a funded account: > > 1. **Exploiting errors.** Profiting from a pricing error, a delayed feed, or any platform or Hyperliquid fault. > 2. **Opposite positions across accounts.** Hedging one account against another, yours or someone else's, so one passes while the other breaches. > 3. **Coordinated trading.** Trading with others to offset positions, time signals against the loss limits, or otherwise collude. > 4. **Abusive automation.** Software, AI, or high-speed tools used to manipulate the platform. Automation itself is allowed. > 5. **Unrealistic risk.** Exposure that no real account would run: maximum leverage on everything, one-sided concentrated bets, or cycling through evaluations as lottery tickets. > 6. **Account sharing.** One person per account. No sharing access, no trading someone else's, no one trading yours. > 7. **Anything against the Terms.** > > Knowing where the line is, and staying on the right side of it, is your responsibility. > > [Trading conduct](https://docs.ownit.xyz/appendix/trading-conduct.md) · [Terms of use](https://docs.ownit.xyz/appendix/terms-of-use.md) > [accordion] 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](https://docs.ownit.xyz/appendix/trading-conduct.md) ## Funded account and payouts > [accordion] 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 | > > > [!TIP] > > > > The funded account is active as soon as you claim. Payouts open from \$20 of profit. > > [Claim a funded account](https://docs.ownit.xyz/trading/funding.md) > [accordion] 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](https://docs.ownit.xyz/resources/rulebook.md) > [accordion] 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. > > > [!WARNING] > > > > 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. > > > [!WARNING] > > > > On-chain transfers cannot be reversed. Check the address before you confirm. > > [Payouts](https://docs.ownit.xyz/platform/payouts.md) ## Payments and refunds > [accordion] 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 × rate` > > Payouts, 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. > > > [!WARNING] > > > > Trading fees come off balance and equity on every fill, so they count toward the max daily loss and the max loss. > > [Fees](https://docs.ownit.xyz/resources/fees.md) > [accordion] 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. > > > [!NOTE] > > > > 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](https://docs.ownit.xyz/getting-started/account-set-up.md) · [Fees](https://docs.ownit.xyz/resources/fees.md) > [accordion] 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](https://docs.ownit.xyz/resources/rulebook.md#refunds) · [Terms of use](https://docs.ownit.xyz/appendix/terms-of-use.md) This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.