Carrot Funding
CarrotFunding is the first DeFi-native trader funding firm, built to eliminate the trust, transparency, and counterparty risks that plague traditional proprietary trading firms. We combine the familiar structure of a performance-based evaluation process with the transparency of on-chain infrastructure, perpetual futures liquidity from decentralized protocols, and an NFT-based reputation layer.
AI Summary
Reviewers consistently highlight the on-chain model: payouts in USDC that can be verified independently rather than taken on trust, plus Hyperliquid execution and the absence of time limits or minimum trading days. The most common criticism is documentation clarity, particularly the trailing maximum loss and the A-book versus B-book process. Many also want a longer payout track record, and several call challenge pricing high.
Written by AI from the reviews below. The rating and the reviews themselves come from verified community members.
Reviews (81)
Carrot Funding looks promising, with clear challenges and good potential, but transparency and rule clarity could be improved.
One of the best prop firm which i have used. Got the payout on time, team is very helpful & love to open new account omce i have some fund. Best firm to trade.
So far, the project looks simple and interesting. I like that the questions focus on important things like clear rules, payouts, and trust. The overall process is easy to understand, but I would like more transparency about the rules and payout system. Overall, it seems like a good concept.
I came for the Hyperliquid part becuase that is already where I trade. Being able to keep the same type of execution instead of moving to some random broker is a big plus. Need more time to judge the company itself.
Overall CarrotFunding appears to be a solidly built crypto prop firm with on-chain transparency and claims quick USDC payouts via ARB. There aren't monthly fees or inactivity charges, and getting started is clearly outlined. The setup is clean and the team is very transparent about their operation.
I think Carrotfunding is a viable proprietary trading platform for the blockchain, but may be unsuitable for traders who take riskier trades in order to profit from the volatility of cryptocurrencies. Tactics such as sitting in long and short trades until in profit could easily trigger the maximum loss allowance. In the same vein, random spikes such as those caused by impulsion could cause the closure of your account, even if the price quickly corrects afterwards. For these reasons I think that the rules could be more favourable to the traders as they seem to disproportionately benefit the company, and this is a fact reinforced by AMA with GigaChad which did expose that challenge fees are the primary source of income for CarrotFunding at the moment. Therefore, I don't expect the rules to change significantly in favour of traders until the company is able to profit more from A-booked traders.
Honestly, CarrotFunding looks like an interesting prop firm with a promising concept. I’d watch how it develops before committing.
First time seriously looking at a prop firm. The idea of getting access to more buying power is attractive but I am still learning how the drawdown works. The website is clean and did not feel too salesy which helped
i'm active trader on CarrotFunding, more than $6000 payout made. and i haven't any single issue. it's highly recommended if you got geo block by most of prop firm or respect your privacy because they don't need your KYC..... welcome to DeFi Prop Firm
I appreciate the different take on Funded Trading, doing it a way that is De-Fi and verifable. Being able to proof that no payout has not been granted, should also give a bigger incentive to people to use Carrot
My Honest Opinion on Funded Trading Firms In my honest opinion, funded trading firms can be a good opportunity for traders who already have a solid strategy and understand risk management. They allow traders to access larger amounts of capital without having to risk a large amount of their own money. However, I also think people should be very careful. The challenge fees, strict drawdown rules, profit targets, and other conditions can make it difficult to succeed. Some traders end up repeatedly paying for challenges because they focus more on passing quickly than on developing consistent trading habits. Another important thing is choosing the firm carefully. Before paying for a challenge, I would look at the firm’s rules, payout history, restrictions, reputation, and what happens if the account is breached. A company offering a large account size does not automatically mean it is a good deal. Overall, I don’t see funded trading as a shortcut to making money. I see it as a tool that can benefit an experienced and disciplined trader, but it can become expensive for someone who is still learning. Traders should understand exactly what they are signing up for and only risk money they can afford to lose.
My overall impression is positive, mainly because CarrotFunding gives traders considerable flexibility and has built transparency into several parts of the model. The on-chain payout and performance verification are interesting features, and the lack of time and minimum-day restrictions is appealing. My main reservation is that some of the risk documentation could be easier to interpret. Understanding the difference between balance and equity, the UTC daily reset and the high-water-mark calculation requires careful reading, and I noticed a couple of inconsistencies in the maximum-loss documentation. I also think the A-book/B-book model would benefit from more explanation.
I like that the payouts are settled on-chain via Arbitrum because you can actually verify that funded traders are getting paid. You don't have to just trust a broker's word. That said, you definitely have to adapt your strategy. Being capped at 5x leverage and not having MT4 makes it tough for fast scalping. It’s a solid setup if you swing trade, but you need extremely tight risk management
I found CarrotFunding's approach interesting because it gives traders considerable flexibility while still keeping clear risk limits in place. I particularly like the absence of a time limit and minimum trading-day requirement, since this allows traders to follow their own pace instead of forcing unnecessary trades. The on-chain approach is also an interesting part of the model because it provides more transparency than simply relying on internal records. My main area for improvement would be making some of the rules easier for a new trader to understand, especially the Best Day calculation and the different risk limits. I think more practical examples and clearer information directly in the dashboard would make the overall experience easier to evaluate. Overall, I came away with a positive impression, although I would still want to understand the risk mechanics thoroughly before purchasing a challenge.
Honestly from my pov, after so many research and attending AMA I found that Carrot funding has good perks, but your rules are so strict that they leave zero room for mistakes 😄. The best part is payout system runs on hyperliquid and lays via USDC on chain(Arbitrum) , meaning payout are fast . There are no time limits or minimum trading days , which takes away a lot of mental pressure .
I spent some time going through Carrot Funding, especially the rulebook and docs, before writing this review. What stood out to me was the flexibility. There’s no time limit or minimum trading days, and I like that the rules around daily loss and maximum loss are clearly laid out. The main thing I found confusing was the maximum loss calculation, especially how the trailing limit changes with the highest balance. I had to read that part a couple of times. Overall, I think the platform has a solid structure, but more verified payout proof and clearer examples of the drawdown rules would make me trust it even more.
After dealing with enough prop firms, carrot funding earned my trust through actual transparency, it showed in how clearly everything was explained upfront. no hidden catches anywhere in the terms. On top of that, the thing that impressed me most was payout on demand, i've seen firms offer this but wrap it in so many conditions it's barely usable, but here it's not like that, you can request your payout whenever you want. it's rare to find that kind of flexibility, honestly.
Solid prop firm with a lot of potential. The biggest pro is definitely the verifiable on chain payouts, no other firm makes it this easy to confirm the money is real. Rules are generally clear and the no time limit feature is a huge plus. However, the daily drawdown resetting exactly at 00:00 UTC is a bit tricky to manage for non European traders, and the 30% consistency rule is strict. Still, a very trustworthy option.
Carrot Funding provides powerful, on-chain execution for disciplined traders, but its $200,000 scaling cap and strict 50% consistency rule demand flawless risk management. The platform's biggest asset is its uncompromised decentralized payout efficiency, yet true user trust hinges on removing the "Full Amount Only" withdrawal rule to allow partial profit cushions that protect traders from instant drawdown failure.
Simple site, straightforward pricing and I found the rules quicker to understand than other firms I have used. No minimum trading days is a big plus because I hate forcing trades just to qualify for something.
Looks better than most of the prop sites I've checked recently... Not overloaded with bonuses and weird account types which I appreciate. I'd prob test the smallest challenge first before going bigger.
My honest take is that the project looks promising, but I’d like to see more transparency around the rules, payouts, and long-term track record. Clear documentation and independently verifiable payout history would make me more confident
Carrot Funding and Giga Chad are building a promising Web3 setup with solid potential. The dashboard UI is intuitive, making account navigation and tracking smooth. However, to truly build long-term trust, the rulebook needs clearer explanations on trailing drawdowns and active trade calculations. Lowering high upfront challenge costs or introducing a standard 2-phase evaluation would also make entry far more reasonable. Overall, it’s a strong project with clear goals, but refining the complex rules and pricing structure will make it genuinely outstanding for everyday users.
Carrot flips the usual prop firm model. Most firms make money when you fail a challenge, so they have zero incentive for you to actually succeed. Carrot deploys real capital based on your trading and splits the profits with you instead, so their upside is tied to yours, not your failure. What sets them apart is that none of this is just marketing talk. Vault balance, execution, and payouts are all verifiable on-chain, so you don't have to take their word for it. Payouts are on-demand and land in USDC within 24 hours, no waiting around wondering if you'll actually get paid. Most prop firms ask you to trust them. Carrot lets you check. 5/5, does what it says.
Not bad, but I think the product still needs more history befor I'd put serious money into challenges. Everything reads well on paper. The question for me is how the firm handles edge cases once more traders are profitable.
I like the fact payouts are in USDC and there is no need to deal with bank wires. The challange rules seem fair enough if you are not overleveraging. The 4% daily loss is the main thing I would keep an eye on with crypto volatility.
Overall, Carrot Funding seems like a promising prop firm with a good concept and attractive opportunities for traders. I like that the main information is available clearly, although some rules could still be explained in a simpler way. I would also like to see more transparency around payouts and real trader experiences, as this would make the platform feel more trustworthy. The pricing, trading conditions, and available markets are also important factors when choosing a challenge. If the company continues to maintain clear rules, reliable payouts, and good communication with traders, I think it could become a strong option for people looking for a prop firm.
They has very good transparency, easy to understand their rules and regulations with no hidden rules
Not gonna lie, Carrot Funding surprised me a bit. I expected the usual prop firm routine, pay, grind the challenge, somehow "fail" before payout. But this one funds you with real capital and shares profits, so it doesn't feel like they're against you. What sold me was the on-chain payouts, you can actually check the transaction yourself. 5x leverage, and the terminal doesn't feel clunky either, which honestly a lot of these platforms get wrong. Still early days for them so I'm not calling it perfect, but for a first look, it feels legit and pretty transparent.
the one phase challenge looks prety reasonable. Am not looking for the cheapest fee I care more that the rules stay the same and payouts happen without drama. So far the documentation gives me a better impression than most.
So far, the USDC payout part is prob the strongest selling point for me. With other firms I have waited days just for them to approve a withdrawal. If the 24h payout target holds up consistently that's a big advantage.
I was skeptical at first becuase there are so many prop firms now, but this one at least feels built specifically for crypto instead of being a forex prop firm with crypto added later... I would still start small and see how it goes.
This isn’t the first time i am using a prop firm, but this is the first time i’m having a close contact and touch with a prop firm team and i am happy to say it was a massive feat. They had something to offer and it was good to say. But i still emphazise on the pricing if it could be slightly reduced i will be more than happy to keep taking on challenges.. And also will love the team to be easy to reach out Overall i present a 4 out of 5 review.... We had a wonderful Ama. And I'm expecting more growth from the carrot funding team.
Clear rules, real on-chain payouts, no time-limit nonsense. Still a paid eval: fee is gone if you fail, an open loser can breach you, and “$100k funded” is a limit, not cash. Fine if you already trade inside a tight daily stop. Not a shortcut
Overall carrot funding prop firm trade have good potential in future to grow up as it use hyper liquid. The platform also feels well designed and trader friendly. Some holding back reason is the moving loss limit and the lower leverage.
Carrot Funding stands out as a solid, trustworthy project with smooth execution and clear communication. The entire process has been seamless from start to finish, and the team's commitment to delivering real value and transparency makes it an easy 5-star recommendation for anyone following the ecosystem.
I like the fact that it is a DEX and the app's interface looks a lot like Hyperliquid, which means I already know the features. I was searching for a propfirm and i will probably buy a 5k challenge in the next 2 months to see if i can pass one or not.
Carrot Funding! Carrot Funding! Carrot Funding! 😅 Carrot funding have a goal. They've had and have envision a project I think even beyond what we can see. On the Diagram of a prop firm, if we're to list it's components, I'd say. Carrot funding has smooth rules. Rules that are suitable for Any style of trading to traders. Carrot funding has a good maximum capacity to accommodate a traders loss and give him/her enough time to be up some percentage if in drawdown. The 4% Max Daily loss for 1phase and 5% Max Daily loss for 2phase is something I really commend. This rule helps traders to have quite a maximum amount of trades for a day. Carrot funding which allows multiple pairs to be traded e.g commodities, stocks and forex is something that really got me👏 This is where things get interesting. Everyone has standards, I won't come and give that a deficit. But, the community is growing. How can we build together, get a solid name that people can hear and have a good recommendation without thinking twice? Carrot funding isn't visible enough. If i wasn't a member of Giga Chad, I wouldn't have known or heard about Carrot funding and it's been in Existence since 2024. Secondly, the prices are way too high for a prop firm that hasn't gotten credibility and a strong customer base. I checked prop firm match(a regulatory prop firm body) and I didn't see carrot funding. In a quest of purchasing a Prop firm, these are things people want to know and see. 1. Are they reliable? 2. Do you know or have you seen any one they've paid? 3. How are their rules? 4. Do They have a friendly trading environment? Carrot funding ticks 3&4. How about 1&2? I think the X team should be more active in marketing, show yourself more to the public. Host giveaways for the Forex community and see people turn up. People will Fail and people will also pass and make it to payout. The credit will be to Carrot funding and that'll give the Firm (carrot funding) more Edge, trust and reliability in the Forex space. The competition in the prop firm space are much. There are over a 100 firms and I've traded with 6/7. So I think Carrot funding needs to do something that'll keep them Exceptional and Elevated in the industry to attract customers and their recommendation. Lastly, in the AMA session, someone asked a question saying that "Are there other prop firms you look up to"? The moderator made mention of Funding pips. This is such a nice Acknowledgement. I'd love to see the CEO of carrot funding move in that dimension also. Get the heart of Indian, Nigerian, South Africa, USA, UK, Italy and as many countries as you can. Get the heart of their traders and watch Carrot funding sky rocket. I'm rooting for you ❤️ I've listed a few. This is my honest review. Thank you for having me here. I'd love to trade with Carrot funding I just can't let go of those rules ❤️👏⭐
So far, good idea and I like that trades can be verified on-chain... That is more useful to me than screenshots of payouts because screenshots can be faked pretty easily. I'd like to see more actual funded trader history though.
With a visionary concept the team has made a great breakthrough into building defi based trader funding firm. They are transparent and have reasonable trading rules. Being a young firm with not much reviews and reputation are the only things that is keeping me from giving a 5 star review.
Overall, a solid choice if you want a verifiable, crypto-integrated funding platform. would recommend if ur serious about prop trading and want something that feels legit. Powered by Hyper liquid, so trades can be verified on-chain ---adds transparency
Before CarrotFunding, I had never considered trading because I thought it was too challenging. Besides, some actual trading platforms might result in real losses if I am not experienced. But with CarrotFunding, I think I will be able to challenge myself before engaging in actual trades. The registration requires your Google account at first, or you can register with your wallets; it's quite flexible.
I’ve spent some time looking into Carrot and going through their docs, and overall I like what they’re building. The biggest thing that caught my attention is the on-chain side. Being able to verify things like trader performance and payouts is a big plus compared to a lot of traditional prop firms. I also like that Carrot seems to be aiming for something bigger than just selling challenges. That said, I still have a few questions. Some of the rules aren’t as clear as I’d like, especially the Maximum Loss / High-Water Mark calculation and how A-Book vs B-Book works in practice. I’d also like to see more real-time transparency around the vault, payouts and how much capital is actually backing traders. Overall, I think Carrot has a really interesting concept and a lot of potential. I just think it needs more time, track record and transparency to build the same level of trust as the bigger names in the space. Promising project, but not fully proven yet.
To be honest this is my first encounter with prop firm, i dont really know what to expect. But for the fact i had done my reasearch i will say the idea behind it is a good one. But i feel the prices are a bit high tho i know they want to give premium service. I feel if the price could be cut down a bit its okay. Also on the website i noticed i didnt see any of the team info/profile on it. As a company dealing with money i think they should provide something like that so we can also be rest assured cause if abything goes wrong the team is already published on the website and we can see someone to hold responsible. So overall i feel its a great idea I will also love to make a purchase but my trading knowledge is still little thanks. I look forward to also using the platform.
Carrot Funding looks more interesting than most new prop firms mainly because of the on-chain side of it. From what I found, part of the evaluation fees goes into an on-chain vault that is used to support funded traders and payouts. They also show payout transactions publicly, which is a nice touch because you can actually verify that money was sent instead of just relying on screenshots or claims. The challenge structure itself seems pretty normal for a prop firm. They offer one-step and two-step challenges, different account sizes, profit targets, loss limits, and an 80% profit split. Payouts are made in USDC on Arbitrum and they say they can be processed within 24 hours. What I like most is the transparency. A lot of prop firms are pretty vague about where money goes and how payouts are handled. Carrot at least tries to make part of that visible and verifiable on-chain, which makes the whole setup feel less black box. That said, it is still a fairly new platform. There are not that many reviews yet, so I would not treat the current rating alone as proof that everything is perfect. Anyone using it should still read the rules properly, especially things like daily loss limits, total drawdown, consistency rules, and payout conditions. Overall, I think the concept is strong. It is still early, so I would not put it in the same category as firms that have been around for years, but the transparency and on-chain structure make it stand out.
My overall impression is positive, mainly because CarrotFunding gives traders considerable flexibility and has built transparency into several parts of the model. The on-chain payout and performance verification are interesting features, and the lack of time and minimum-day restrictions is appealing. My main reservation is that some of the risk documentation could be easier to interpret. Understanding the difference between balance and equity, the UTC daily reset and the high-water-mark calculation requires careful reading, and I noticed a couple of inconsistencies in the maximum-loss documentation. I also think the A-book/B-book model would benefit from more explanation. Overall, I see a promising model, but clearer practical examples would make it easier for a new trader to understand the risks before purchasing a challenge.
CarrotFunding's model is interesting because it combines a fairly flexible trading environment with on-chain elements such as verifiable payouts and performance records. I particularly like that there is no time limit or minimum trading-day requirement. However, I think the documentation could be more polished. The different maximum-loss figures shown in the 2-Phase information and the unclear formula in the Maximum Loss section are things I would want clarified. I would also like to understand more about how funded exposure is managed between A-book and B-book execution. Overall, my research left me fairly positive, but clearer documentation would make the platform easier to evaluate with confidence.
Great concept with crypto funded accounts! Docs could be clearer & payout transparency would help build trust.
arrot Funding has clear and simple rules with no confusing terms, but full transparency around payouts would make it perfect.
Great crypto-native model with transparent on-chain payouts and clear rules. I like the A-book copy-trading setup and verifiable USDC payouts.
Carrot Funding stands out because it is trying to make prop trading more transparent and verifiable, especially through on-chain infrastructure, Hyperliquid execution, and its vault model. I like the focus on making important information independently checkable rather than simply asking traders to trust the firm. The challenge structure and payout model are also interesting. However, I would still like to see clearer explanations around the A/B-book process, drawdown calculations, prohibited strategies, and how trader liabilities compare with the vault’s reserves. Overall, I see Carrot as a promising and innovative prop firm, but greater transparency around these areas would make me significantly more confident as a trader.
I hope this Defi native trading firm got successful given it first DeFi in this sector unlike other centralized trading firm. because some of crypto goals is decentralized
for intra-day traders the 5x leverage and 80% payout split can be pretty appealing. if the "issues" mentioned in this review are somehow "fixed", then i would be more tempted to recommend Carrot Funding to others.
I researched Carrot Funding and was impressed by its focus on transparency, especially the on-chain approach to performance and payouts. The challenge options and core rules are fairly clear, although some differences between plans could be explained better. Overall, it looks like a promising prop firm, but I would want to see more long term, independently verified results before giving it 5 stars.
I believe this project is going to execute well, i have done my research and did my findings, i am well convinced about this
I did some research before this review and overall CarrotFunding looks pretty good. Rules are mostly clear but some part about drawdown and rule break can be little confusing. I also think showing more real payout proof will increase trust. Overall I like the transparancy, but I would still like to see more payout history before fully trusting them.
Carrot Funding has an interesting setup, especially the focus on transparent rules and on-chain funding. The main thing I’d improve is clarity.
Carrot Funding looks promising, with clear challenges and straightforward trading objectives. I like the overall structure, but I think the rules and payout process could be explained in more detail. More transparency and real examples would make the platform easier to understand and build even more trust.
I like the overall idea behind carrot funding and its main goal that don't just trust the platform; verify it urself Because it focus on on-chain transparency and being able to verify payouts rather than simply taking the firm's word for it. rules are flexible, Even though I found some inconsistencies in rules, that mentioned previously. Also I would like to understand A book and B book decision process more clearly. Overall I came away more confident than I expected.
I love carrotfunding and for them to went for hyperliquid as the trading platform is amazing now millions of traders will join
interesting and different idea, especially with its transparent, on-chain approach to prop trading. I like the direction, but I think they still have room to improve.
Carrotfunding is peak, i love the System and experience, but would love it more if the 50 percent rule on the 1 step account is removed.
I wonder if this will be a permanent concept considering the legislation that is haunting most crypto platforms. I like the idea, but I don't have enough blockchain knowledge to actually verify it is safe.
Overall carrot funding is a solid prop firm. Their dashboard are super user friendly. They had also a good thing that they provides payout proof through on chain for the transparency in real time. One most unique thing I got is they give nft on purchasing challenges. The things they can improve are increasing the leverage as 5x is very less and also they can provide more clarity for rules.
Carrot Funding looks transparent and focused on clear rules. I like the emphasis on verification and payout reliability. The project seems promising, but I would still like to see more long-term proof and user payout history before fully trusting it
Carrot funding has no trading limitations, your trades match against a real, deep order book - the model professional venues run on - not synthetic or oracle-fed pricing. There's no time limit or rush to complete your challenge and you can own multiple funded accounts. Your carrot FBI NFT stores all your records on chain which sets it apart from other prop firms.
Carrot Funding has a straightforward approach and offers traders a good opportunity to prove their skills. I especially like the clear challenge structure, but having even more transparency around payouts and rules would make the platform more trustworthy.
I gave it a four because it has a good terminal for trading. It listed all important tokens traders trade ranging from cryptocurrency to forex. A decent User interface. Where it can improve though, is the pricing. Got to do better there especially as it’s just starting to garner attention
Great concept using decentralized execution, though lower evaluation fees and static drawdowns would improve the experience
The Hyperliquid integration is a great selling point. Real orderbook and liquidity, as well as on-demand USDC payouts. You don’t usually find this at other prop firms. One thing that bugs me is the A-book or B-book at the firm’s discretion, per trade, with no say from the trader. So the on-chain transparency only covers part of what you actually trade. Other than that, very verifiable and a great platform.
it is a crypto prop firm where i trade crypto on Hyperliquid and keep 80% of the profits paid in USDC. It stands out because all payouts are recorded directly on the blockchain, so i can easily verify that traders are actually getting paid. Plus, there are no deadlines forcing you to rush your trades. i learn many thing about it . hopefully i will start using it and earn
I have reviewed Carrotfunding and my overall impression of it is positive. The main advantages are the payout proof on the blockchain and the possibility to check some payouts via transaction hashes. Also their terms are more transparent than of some other prop firms. The initial description of A book and B book was confusing, and it took me some time to understand how and why Carrot assigns one or another. I cannot comment much on trading conditions since I do not have an account yet, but based on the information provided it sounds trusting and valid
Carrot Funding looks promising, especially because of its focus on transparency and on-chain payouts. I like the clear profit-sharing structure, but I’d like to see even clearer rules and more independently verifiable payout history. Overall, it’s an interesting prop firm with room to build greater trust.
The overall structure of this firm looks rushed and it has an ambiguous best day rule. I also think that the pricing is not fair in direct comparison with other onchain props. It will be nice to have more clarity within their rules and a fairer price structure. However, I like that payouts are transparent, verifiable and has never been denied; it was good to browse through the analytics page which displays important info like the platform revenue, expenses and overall health.
I have rates 4 stars, due to the reason that the platform allows users who purchases and complete the challenge. I wish there was a free trail or paper trading option to explore the platform fully and gain some confidence before the purchase of the challenge. Having said that, I found carrot funding interesting because, it takes a different approach from traditional prop firms, particularly with its focus on DeFi, on-chain transparency and verifiable funding. I like the effort to make the funding and payout model more transparent. In addition to it, having a Defi trading platform is very useful to users where the centralised exchange can't be trusted as it could be closed, hacked and also have full control on our money. This is reason I stopped trading on centralised exchanges and also due to our govt charging ridiculous tax on crypto profit. Defi trading gives an advantage on being anonymous. Overall, I think it has an interesting and potentially more transparent model than many traditional exchanges.
Think its an good platform with a lot of potential as 'going for users instead of betting against them is new Will recommend if you make a few changes. 1. they should add an a free trial for people to try. 2. they should also get more people to test this.
I’ve used a number of prop firms and I’m currently with HyroTrader. I looked into Carrot seriously because I was considering buying a challenge, but there are still several things holding me back. The non-refundable challenge fee is probably the first one. If I fail, fair enough, I lose it. But if I pass, become funded and actually prove myself, I think that fee should come back. HyroTrader refunds the challenge deposit after the first eligible funded payout, and I much prefer that model. I also want more freedom during the evaluation. With HyroTrader I can use Bybit Demo, Tealstreet or CLEO during the Challenge and Verification. Bybit Demo is especially useful because it gives me a proper exchange-style environment I already know, and I can connect through API. Carrot currently feels much more closed in comparison. The automation policy is also too vague for me. Carrot allows grid trading and talks about broad strategy freedom, but then says automated software can be prohibited if it gives an “unfair advantage” or is inconsistent with “normal trading behavior.” If I use my own API bot with a normal strategy and follow every risk rule, I should know clearly whether it is allowed before paying. Hyro is much clearer about this and explicitly allows self-developed and third-party API bots. The A-book/B-book setup also makes me hesitate. Carrot decides trade by trade whether a funded position is sent to Hyperliquid or B-booked internally. I would prefer a clear path where proven traders can eventually move to real market execution. I would also like clearer wording on exactly how B-book funding rates, hypothetical fills, fees and trading costs are derived from the live Hyperliquid market. The trailing max-loss floor is another big negative. On the 2-Phase challenge, the loss floor moves upward as I make realized profit, so part of my original drawdown cushion disappears. I would rather have a fixed overall loss floor that stays in place as the account grows, so making profit does not reduce the drawdown room I already had. I also do not like “no appeals, no resets, no exceptions.” If I breach because of my own trading, that is on me. But if a platform, pricing or execution issue causes the breach, there should be a proper review process. No partial payouts, only 5x leverage, and funded exposure limits that can vary based on vault exposure, liquidity and correlated positions also make the account less flexible and harder to plan around.
7/10. Good challenge structure and clear risk limits, but I’d like more transparency and verified payout history before rating it higher.
I think carrotfunding.io has very high potential. It's a cool UI, with an attractive offer. It's rulebook is comprehensive and doesn't give off a shady vibe at all. The whole trade with live capital is super attractive to traders, considering 90% of prop firms don't offer that. If you brought the prices down a bit, made it more accessible, got more trusted, you guys could be a top player.
I really like how they have a verifiable payouts and personalized trading terminal which is very good imo and is linked with trading view is cherry on top also the best part and a very unique thing I see in them they MINT EACH CHALLANGE AS NFT thats really interesting and a fun thing. The only down side i see is the leverage's being too less on commodities like 5x leverage on gold is very very less so I'm hoping if they launch a new plan with more leverage i would love to buy it . Apart from this the rules are also very clearly stated in the web site for traders which is a good sign
Carrot Funding genuinely stands out because of how their model is built on-chain. Unlike typical prop firms that rely purely on failing traders to make money, Carrot actually books traders on the real market via gTrade, backed by verifiable USDC TX hashes for every payout. You never have to worry if payouts are real when you can verify the wallet analytics yourself. The rules are straightforward with no hidden ones like minimum trading days or hidden news restrictions or news profit deductions, making it ideal for executing my ICT setups without worrying about unexpected breaches. The main drawback I noticed is the fees are quite high especially while it’s gtrade it better with the Hyperliquid terminal and the leverage now placed at 5x makes tight stop for higher risk to reward impossible leading to small risk per trade, a return of their aggressive 200x leverage would be a big win for traders and the prop firm itself it would help scaling up easy. While the challenge pricing is fair, active position holding incurs noticeable gTrade borrowing and rollover fees that scale with leverage and size, which can’t bite into profits.
