Getting started
What Graybook is
A perpetual futures prop trading firm with a simulated trading environment, a one-time fee per account, and payouts under the program rules.
1 min readUpdated Published
Graybook is a perpetual futures prop trading firm. You buy an account for a one-time fee, trade perpetual contracts on index futures, commodities, U.S. equities, crypto and forex in Graybook's terminal, and, on a funded account, keep a share of the profit as a payout under the program rules.
Simulated accounts, real rules
Every account is simulated: it trades simulated capital, so you never risk your own funds in the market. The fee buys the account; it is not a deposit or margin. Payouts are compensation under the program rules, not a share of profits from a live trade made for you.
The rules are written down once, in the Program Rules, and the platform enforces them as you trade. You never have to track a limit by hand.
How it works, step by step
- 1
Pick a path and a size
Evaluation or Rapid, from $1,000 to $100,000 of simulated capital.
- 2
Pay once
By card or in crypto. The account appears in your account list as soon as the payment is confirmed.
- 3
Trade
Every trade is one order with an entry, a stop loss and a take profit. The platform enforces the account's rules as you go.
- 4
Get paid
Funded accounts pay out: 80% of profit every 5 trading days after passing an Evaluation, or 90% on demand on a Rapid account.
What comes with every account
One account trades all five books, 24 hours a day, 7 days a week. Every account includes Vig, the AI quant built into the terminal, and the research panel behind every contract.
Read next
- Evaluation or Rapid: which path?Evaluation is the lower-cost path with a profit target to pass first. Rapid costs more and is funded from day one.1 min read · Getting started
- Account sizes and feesSix sizes from $1,000 to $100,000. Evaluation costs 1% of the size, Rapid 4%, paid once.1 min read · Getting started
- How to pay for an accountBy card, or in crypto with USDC, USDT, BTC or ETH. A checkout stays open for 10 minutes.1 min read · Getting started