Progression
You don't wait until the end to prove yourself. You earn your way forward: four phases, one standard, a payout at every step, and a Live account at the end.
The principle
Every plan size begins at Phase 1. A phase is complete when the trader reaches the profit target, stays within the trailing loss and satisfies the consistency requirement, within 60 days.
Each completed phase pays. The next begins with a fresh balance, measured against exactly the same requirements.
Progression is not a reward for a single result. It is the standard, met four times.
Payouts increase.
The standard never does.
The pathway
The starting point for every trader, whichever plan size they choose. Meet the standard once and the first payout follows. At every plan size, it is greater than the plan fee.
A 9% profit target, a 5% end-of-day trailing loss, and a best day of no more than 25% of total profit, all within 60 days. Request the payout; once it is completed, the next phase begins.
The standard met a second time, from a fresh balance. One good phase can be fortunate. Two begin to form a record.
Identical requirements. Nothing is relaxed because the previous phase went well, and nothing is added because it did not.
A third phase under the same rules. By now the record says less about any single session and more about how the trader operates.
Target, trailing loss, consistency, time limit. The same four requirements, in the same proportions, at every plan size.
The final simulated phase, and its largest payout: double the phase before it. Completing it ends the simulated pathway.
Know Your Customer verification and the Trader Agreement are completed before the first payout request. On completing Phase 4, the account moves to live execution on the exchange.
Pricing and execution come directly from the exchange. There is no profit target, no consistency requirement and no time limit. The maximum loss is fixed at 50% of the starting balance, and the trader keeps 90% of profits. Capital Partner is not a tier. It is where simulated performance becomes live trading.
Every phase can be completed. None of them can be skipped.
By plan size
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| Plan size | $25,000 | $50,000 | $100,000 | $150,000 |
|---|---|---|---|---|
| Plan fee · one-time | $265 | $525 | $1,000 | $1,595 |
| Phase payouts | ||||
| Phase 1 · Trader Candidate | $500 | $1,000 | $2,000 | $3,000 |
| Phase 2 · Qualified Trader | $750 | $1,500 | $3,000 | $4,500 |
| Phase 3 · Professional Trader | $750 | $1,500 | $3,000 | $4,500 |
| Phase 4 · Institutional Trader | $1,500 | $3,000 | $6,000 | $9,000 |
| Across all four phases | $3,500 | $7,000 | $14,000 | $21,000 |
| Capital Partner · Live account | ||||
| Live account size | $3,000 | $6,000 | $12,000 | $18,000 |
| Maximum loss · fixed | $1,500 | $3,000 | $6,000 | $9,000 |
| Profit split | 90% | 90% | 90% | 90% |
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Phase payouts are fixed amounts, paid on completing each phase. The Live account is sized separately from the plan: its balance is real capital on the exchange, not notional. Full specifications are published on the Qualification page.
Who decides
Advancement here is decided by the standard, not by a sales process. The standard is the same for every trader, at every plan size.
Most firms in this industry sell the next step: a higher tier, a larger account, a faster route to funding for a higher price.
18th Street does not work that way. You choose the size you start at. Everything after that is earned the same way, four times over, and the consistency requirement ensures no phase is completed on the strength of one exceptional day.
Every step up is earned. None of them can be bought.
What never changes
Plan fees provide the opportunity to demonstrate the standard. They do not guarantee completion of any phase, a payout, or a Live account.
Capital Access
Choose your plan size, meet the firm's published standard, and earn your first payout within 18th Street Trading.
$25,000 – $150,000 · One-time plan fee from $265 · Full specifications disclosed before payment