Program rules

The rules, in one place.

Every Graybook account is simulated: you never risk your own funds in the market. You pay a one-time fee, and payouts follow these rules. The platform enforces them as you trade.

Version 1.1 · effective 9 November 2026

Sizes, fees and floors

Account size	Evaluation fee	Evaluation target	Evaluation floor	Rapid fee	Rapid floor
$1,000	$10	$1,100	$950	$40	$960
$5,000	$50	$5,500	$4,750	$200	$4,800
$10,000	$100	$11,000	$9,500	$400	$9,600
$25,000	$250	$27,500	$23,750	$1,000	$24,000
$50,000	$500	$55,000	$47,500	$2,000	$48,000
$100,000	$1,000	$110,000	$95,000	$4,000	$96,000

The target is the closed balance to reach; the floor is the balance, open positions included, that ends the account.

Payouts

Be flat

Close every open position before you request a payout.

$10 minimum

The smallest payout you can request.

$10,000 a day

The most you can take out in one day.

Identity verification is required before the first payout, and payouts depend on the account having followed these rules.

Trading

Every trade is one order: the entry, the stop loss and the take profit, placed together. The stop loss sets the most the trade is designed to lose.
Graybook trades 24/7. When an underlying market closes, its perpetual keeps trading; when it reopens, the price is re-anchored to the official exchange price.
A stop that price jumps past, in a fast market or at a re-anchor, fills at the new price, so a loss can be larger than the stop planned.
No funding payments: the cost of carry is fixed at entry.

Conduct

One Graybook profile per person. You may hold several accounts.
Trade your own accounts. No one else may trade them, and no account-management or passing services.
No copying, mirroring or coordinating trades across accounts held by different people, and no hedging across accounts to guarantee a payout.
Keep your details current; identity verification is required before a payout.