P1 Futures
reviewed 2026-09-28
No sourced trader-risk flag has been recorded for P1 Futures. That is the absence of a finding, not a clean bill of health.
FirmFax verdict
P1 Futures is a solid but mixed futures prop firm; the account reviewed here is its P1 Reserve (60/100), which uses a more forgiving end-of-day trailing drawdown with a 40% consistency rule to clear.
30% off with code LAUNCH
Homepage pricing section: "Use code LAUNCH for 30% off." Each account card shows the list price beside the code price, for example the P1 Reserve "$25K Account $49 $34 $15 OFF CODE: LAUNCH", and the section closes with "Offer reflects 30% off with code LAUNCH. Program terms and eligibility requirements apply." (read 2026-09-16). No end date is stated. The pricing page we cited before, p1futures.com/pricing, now redirects to the homepage, which carries the same pricing. Our earlier entry described these as sale prices with no code; the page now ties them to LAUNCH.
Use the deal button to open the current offer. Scores and rankings are independent of affiliate relationships.
Offer source: P1 Futures homepage pricingQuick check
Firm
60/C
Account reviewed
60/C
Watchlist profile
Open research notes are available to help you match the right account.
Offer links may be sponsored. They never change our score or ranking. Disclosure.
Best for
- ✓Budget-conscious traders — accounts start from $49
- ✓Traders who want a documented no-daily-loss route
- ✓Futures traders
Check fit if
- •Best for traders who can spread profits across sessions; this route lists a 40% consistency rule
- •Review the current status notes first; P1 Futures is currently on the watchlist
P1 Futures
Fig. 01 — Score breakdown
What the FirmFax score is made of
This breakdown is for P1 Reserve, the middle-scoring of the 3 plans on sale. P1 Futures' grade is that plan's score.
Firm track record is not scored for P1 Reserve because we have not recorded the evidence it needs, so this grade rests on the remaining 82% of the model rather than a guessed middle value.
Fig. 02 — Account types
All account types compared
Rankings use each plan's own score.
| Plan | Market | Score | From | Drawdown | Daily loss | Consistency | Payout split | Platforms | Action | |
|---|---|---|---|---|---|---|---|---|---|---|
| P1 Reserve | Futures | 60C | $49 | Trailing (end-of-day) | None | 40% | 90% | Tradesea | Get offer → | |
| P1 Instant Direct-funded futures account with no evaluation phase | Futures | 60C | $327 | Trailing (end-of-day) | None | 20% | 90% | Tradesea | Get offer → | |
| P1 Elite | Futures | Not graded: missing info | $99 | Trailing (end-of-day) | Not recorded | 40% | 90% | Tradesea | Not recorded daily loss limit | Get offer → |
- Daily loss
- We have not recorded whether this plan has a daily loss limit. A blank row is not the absence of a cap.
Pick your account
Accounts to compare
Choose an account-specific route so the offer opens with the right plan in mind.
From $327.25,000 min size. Direct-funded futures account with no evaluation phase
Use the deal button above to keep the offer path.
Fig. 03 — Cost to funded
What does P1 Futures cost?
Route: P1 Reserve
Cost on one clean pass
$49+
Entry price for one attempt, before any current discount. Fees paid after entry are not included, so the real cost may be higher.
Fig. 04 — Before you buy
Rules to know first
Drawdown model
Trailing (end-of-day)On P1 Reserve, the drawdown only trails at the end of the day, which gives active traders far more room than an intraday trail.
No source on file for this row
Daily loss limit
NoneThe route documents no daily loss cap — the overall drawdown is still the hard limit.
No source on file for this row
Consistency rule
40%Payout eligibility needs profits spread across sessions; one day above 40% can delay the request.
No source on file for this row
News trading
AllowedP1 Futures states that trading around high-impact releases is allowed.
No source on file for this row
Min trading days
3 trading daysP1 Futures requires at least 3 trading days on this route before the evaluation can be passed. The wait before a payout can be requested is a separate rule.
Source: P1 Futures trading rules ↗Each row above is read from P1 Futures’s own published pages where one is cited; rows marked “Not recorded” are gaps in our record, not terms the firm has waived. Last reviewed 2026-09-28 — confirm the live terms at checkout.
Fig. 05 — Full terms
Rules & payouts
Last reviewed 2026-09-28
Rules
- Drawdown
- Trailing (end-of-day), on every plan on sale that we list
- Daily loss limit
- None, on 2 of 3 plans on sale that we listNot recorded: P1 Elite
- Consistency rule
- Varies by planStrictest: 20%, on P1 Instant
- Min trading days
- 3 trading days, on 2 of 3 plans on sale that we listNot recorded: P1 Instant
- News trading
- Allowed
- Overnight holding
- Allowed, on every plan on sale that we list
Automation: Automated trading is prohibited. Per the official FAQ (2026-09-03): "A bot, script, AI system, algorithm, or other tool cannot independently select, place, change, or close trades." Source: https://p1futures.com/faq
Payouts
- Profit split
- 90%
- Frequency
- 5 winning days of at least $150 net profit each, at least 5 days between requests, capped per size at $1,500 to $5,000 and at 50% of accrued profit; normally sent to the payout provider within 48 hours of approval
- Min days to payout
- 5 winning days
- First payout min
- Not recorded
- We have not recorded whether there is a minimum first payout.
- Methods
- Bank transfer, ACH, Rise, Crypto
- Payout evidence
- No dated evidence found
- No dated payout record published by the firm has been found. This is a gap in our evidence, not a finding about whether the firm pays.
- Platforms
- Tradesea
Payout evidence counts dated payout records P1 Futures has published itself. We have found none for P1 Futures. Most firms publish nothing dated, so a blank here says what we could not find — it is not a finding that the firm does not pay.
Fig. 06 — Rule tape
Recent changes
Fig. 07 — Research & sources
Research notes
FAQ
P1 Futures questions
Is P1 Futures legit?
P1 Futures holds only a limited public review history so far. FirmFax scores it 60/100 on P1 Reserve and reviews rules from public sources.
How much does P1 Futures cost?
P1 Reserve starts at $49. Fees paid after entry are not included in that price. See the cost breakdown above for what that figure includes.
What drawdown does P1 Futures use?
P1 Reserve uses a trailing (end-of-day) drawdown — the drawdown only trails at the end of the day, which gives active traders far more room than an intraday trail.
Does P1 Futures have a consistency rule?
Yes — P1 Reserve lists a 40% consistency rule. How the 40% is measured varies between firms, so check P1 Futures’ own terms. Other routes can differ; check the account table.
How does P1 Futures pay out?
Profit split on record for P1 Futures: 90%. Minimum of 5 winning days before a payout. Payout cadence: 5 winning days of at least $150 net profit each, at least 5 days between requests, capped per size at $1,500 to $5,000 and at 50% of accrued profit; normally sent to the payout provider within 48 hours of approval. FirmFax holds no dated, firm-published payout record for it — that means none has been found, not that the firm fails to pay.
What platforms does P1 Futures support?
P1 Futures lists Tradesea. Review platform access for the specific plan you choose.
Is there a P1 Futures discount code?
30% off with code LAUNCH — official source, last checked 2026-09-16. See the full P1 Futures discount page for details.
Related rankings, rules & platforms