Cashed · Trust Score 66.3/100 Through Roya: Code ROYA at sign-up: +10% extra balance (simulated trading capital) — Cashed's own statement, on its checkout and to its affiliates, read 13 October 2026; we check it on our own purchase on 14 October 2026.
Affiliate link. We earn a commission; any sign-up bonus is granted by the firm as simulated capital and your price never goes up.
In four sentences
Cashed (cashed.fun), operated by Cashed Ltd (UK company 17256234, incorporated 2 June 2026), scores 66.3/100 on our grid of 13 October 2026, from its published documents only — we had bought nothing when we read them on 13 October 2026. It sells one simulated account (Terms §2.1) that trades perps at Hyperliquid prices and prediction markets; the price is a deposit of $5 to $1,000 multiplied by 120× on Standard (10% target, 3% daily loss, 6% static drawdown, 80% split), 80× on Flex (8% / 4% / 7%), 40× on Instant (no target, 3% / 6%) or 40–220× on Build Your Own. Payouts are in USDC on Solana, $20 minimum, one request per account every 24 hours under rulebook CAS-1.1 (effective 12 October 2026), and neither the rulebook nor the Terms require an identity document. Cashed publishes no payout address, no transaction hash and no reserve, so no Cashed payout can be checked from outside.
From$5 (the deposit is the price: any amount from $5 to $1,000)· Not traded by us: desk research only, capped at 85/100, on-chain tier not measured.
Key facts
80% (85% / 90% Build Your Own)
Profit split
$500K active funded per trader
Max account
USDC on Solana · $20 min · one request per 24h
Payouts
Centralized
Settlement
The numbers that matter
$5–$1,000
the deposit you choose is the price, multiplied by 120× (Standard), 80× (Flex), 40× (Instant) or 40–220× (Build Your Own) — checkout and rulebook, 13 Oct 2026
$12,000
simulated trading power for a $100 deposit on Standard; $8,000 on Flex, $4,000 on Instant (rulebook §03-§05)
6%
static max drawdown on Standard and Instant, from the starting trading power, equity-based: $720 on $12,000 (7% on Flex)
3%
daily loss on Standard ($360 on $12,000), equity-based, reset at 00:00 UTC (4% on Flex)
$20
minimum payout (trader share), USDC on Solana, one request per account every 24 h (rulebook CAS-1.1, effective 12 Oct 2026)
0
payout addresses, transaction hashes or reserves published by Cashed — nothing to check on-chain from outside (13 Oct 2026)
Cashed (cashed.fun) sells one account that trades two things — perpetual futures at Hyperliquid prices and prediction markets — and calls it "simulated funded trading" in its own footer. We read its rulebook (version CAS-1.1), its Terms, its checkout and its sign-up form on 13 October 2026, and looked the operator up in the UK company registry. We had bought nothing: this fiche is desk research, scored 66.3/100 under the desk cap, and its next update will come from an account we pay for.
The model in one line: you choose a deposit between $5 and $1,000, and Cashed multiplies it — 120× on Standard, 80× on Flex, 40× on Instant, 40–220× if you build your own rules. $100 gives $12,000 of simulated trading power on Standard. Payouts are in USDC on Solana from $20, one request per account every 24 hours, and Cashed asks for no identity document. What you cannot do is check any of it from outside: no payout address, no hash, no reserve. Leveraged trading carries a high risk of loss, and the deposit is money you can lose in full.
Code ROYA at sign-up: +10% extra balance (simulated trading capital) — Cashed's own statement, on its checkout and to its affiliates, read 13 October 2026; we check it on our own purchase on 14 October 2026. The link opens Cashed's sign-up form with the optional "Referral code" field pre-filled ROYA; if it is empty, type it there. Cashed accounts are simulated (Terms §2.1); 18+ only.
Affiliate link. We earn a commission; any sign-up bonus is granted by the firm as simulated capital and your price never goes up.
About Cashed
Cashed describes itself as "funded accounts for prediction markets and perps" — and, in the same meta description, as "simulated funded capital". Here is what we could read and date on 13 October 2026, and what we could not.
What we read, with its date
Operator: Cashed Ltd, UK private limited company 17256234, incorporated 2 June 2026, status Active on Companies House, registered office in Salisbury, England; one director, appointed 2 June 2026; GBP 100 of share capital at incorporation; activity code 62090 (other information technology service activities). Governing law: England and Wales (Terms §46). Contacts: support@, legal@ and privacy@cashed.fun.
Nature of the accounts: positions and balances "are simulated records" (Terms §2.1); the trading power is the simulated starting balance, "not customer-owned capital", and gives no right to Cashed's funds, exchange accounts, hedges or wallets (rulebook §140). Cashed may replicate or hedge traders' signals in live markets (§139). The deposit is "an account activation payment", not a brokerage deposit.
Product: one account, two products — perps (crypto, stocks, indices, commodities and pre-IPO markets per the rulebook) shown with "Hyperliquid prices · simulated execution", and prediction markets whose feed is listed as "Polymarket" on the status page; Cashed never calls them a mirror.
Rules: rulebook CAS-1.1 with numbered sections and a public changelog (CAS-1.0 effective 28 September 2026, CAS-1.1 effective 12 October 2026); Terms dated 23 June 2026.
Limits: up to $500,000 of active funded trading power per trader, scaling and shared accounts included; 2 active Instant accounts; unlimited evaluation purchases; shared accounts from $10,000 of starting capital (owner + up to 4 traders).
What we could not verify
Launch date, founders, team and investors: not published, and no archived snapshot of the site exists.
Regulation: none mentioned anywhere; the registry activity code is IT services, not financial services.
Official social accounts: the X and Telegram links in the footer point to https://x.com/ and https://t.me/ with no handle; we found no account we could attribute to Cashed.
Any payout, any on-chain address, any reserve — and the list of restricted countries (the Eligibility page returned a 404).
Independent reviews or press: none found; the Trustpilot profile is unclaimed with 0 reviews (13 October 2026).
What the code ROYA actually gives: Code ROYA at sign-up: +10% extra balance (simulated trading capital) — Cashed's own statement, on its checkout and to its affiliates, read 13 October 2026; we check it on our own purchase on 14 October 2026.
What we like
Price per dollar of trading power: the deposit is the price, and $100 buys $12,000 of simulated trading power on Standard — 0.83% of the account size, the lowest ratio on our grid (rulebook and checkout, 13 October 2026). From $5.
A long, numbered rulebook readable before you pay, with a public changelog and floors you can compute yourself: static drawdown, equity-based daily loss reset at 00:00 UTC, no consistency rule, no minimum days, no time limit.
The broadest permitted-strategy list we have read: bots, APIs, built-in copy trading, news, weekend holding, scalping with no minimum hold, grid and martingale (rulebook §82-§112).
Perps and prediction markets in one account, with one balance and one set of limits.
Payout terms written as numbers: USDC on Solana, $20 minimum, one request per 24 h, partial payouts, 80–90% split, scaling to 150% of the trading power.
No identity document required to buy, trade, go funded or take an Instant payout (rulebook §117, Terms §6).
Watch-outs
Simulated, by contract: balances and positions "are simulated records" (Terms §2.1); the trading power is not your money and cannot be withdrawn. A payout is a contractual reward subject to "final approval by Cashed's risk team" (Terms §2.3).
Nothing verifiable from outside: no payout registry, no transaction hash, no payout address, no contract, no reserve, and no processing time published.
A young, thin operator: UK company incorporated 2 June 2026, one director, GBP 100 of share capital, no funding announced, no press, no official social account we could find, 0 Trustpilot reviews, no launch date.
Its own documents disagree (13 October 2026): automation allowed outright by the rulebook (§93) but only "where expressly authorised" by the Terms (§12); 72 hours to appeal a breach in the rulebook vs 14 days in the Terms; a CAS-1.1 header carrying CAS-1.0's date; BTC up to 10× in the rulebook, 5× on the ticket.
Restricted countries unpublished: the Eligibility page the rulebook sends you to returned a 404, while the sign-up list offers Cuba, Iran and North Korea.
Execution never measured: fills are simulated against reference prices and order-book depth, no fee schedule is published, and funding is shown as reference data and not debited today — which can change without a new rule version.
We read Cashed's rulebook (header "CAS-1.1"; changelog: CAS-1.0 effective 28 September 2026, CAS-1.1 effective 12 October 2026), its Terms ("Effective date: 23 June 2026"), its Privacy policy, its status page and its checkout, and opened our referral link: the sign-up form showed the optional "Referral code" field pre-filled ROYA. We clicked nothing that pays, applies a code or creates an account. The UK registry confirms the operator: Cashed Ltd, company 17256234, incorporated 2 June 2026, Active, one director. Nothing on this page is first-hand trading: we have bought no Cashed account and received no Cashed payout. We buy one on 14 October 2026 and this fiche will be rewritten from it.
Screenshots, dated
Proof — what the firm's site showed us
No screenshot yet for this firm.
The rule that kills the account
The static drawdown, from your starting trading power
The max drawdown is computed once, on the starting trading power, and never moves: not with profits, not after a payout (rulebook §27-§32). On Standard it is 6%: a $100 deposit gives $12,000 of trading power and a permanent floor of $11,280. It is measured on EQUITY — open losses, commissions and execution costs count — and touching the floor is enough: "touch or fall below" is a breach. On Flex the floor is 7%; the checkout printed "Static equity floor $7,440" for $100 on 13 October 2026.
The daily loss, on equity, reset at 00:00 UTC
The daily floor is the daily-loss percentage times the GREATER of the starting trading power and the day's opening balance (rulebook §19-§22): 3% on Standard, $360 on $12,000, a floor of $11,640 on day one; the checkout printed "Initial daily equity floor $7,680" for Flex at $100. The trading day runs 00:00 to 23:59:59 UTC. Both floors apply at once and the higher one is the tighter (§33).
What a breach does
Positions may be closed automatically, new positions are disabled and no more profit is payout-eligible (§35). A correctly calculated breach is not reversed; a "Technical Breach Review" for bad data, a confirmed outage or a mis-calculation must be requested within 72 hours in the rulebook (§36) — the Terms (§33) say "normally … within 14 days". Read both before you trade.
Standard 120× — $5 deposit (slider minimum) → $600
$5
10%
3%
6% static· Roya's arithmetic: deposit × 120
Standard 120× — $1,000 deposit (slider maximum) → $120,000
$1,000
10%
3%
6% static· Roya's arithmetic: deposit × 120
Read on 13 October 2026 on the checkout (Chrome, read-only) and in the rulebook CAS-1.1. There is no price list by size: the amount you pay IS the deposit, any value from $5 to $1,000 ("Deposits do not need to use preset values"), and the trading power is that deposit times the plan's multiplier. A coupon lowers what you pay, not the deposit used for the trading power (rulebook §11). The checkout showed no fee or tax line ("You pay today $100.00" for $100) and takes crypto ("Choose your coin and network at checkout"; the token and network list only appears after "Pay with crypto", which we did not click — not published before payment). Once the account is activated and trading has begun, the payment is "generally non-refundable" (rulebook §127). The referral code: Code ROYA at sign-up: +10% extra balance (simulated trading capital) — Cashed's own statement, on its checkout and to its affiliates, read 13 October 2026; we check it on our own purchase on 14 October 2026.
KYC & excluded countries
No identity document, by the rulebook and the Terms read on 13 October 2026: "Cashed does not require government-issued ID, selfies or liveness checks to trade, activate a funded account or request an Instant payout" (rulebook §117; Terms §6: a security or fraud review "will not require identity-document submission"). Sign-up asks for a username, an email, a password and a country, "used only to confirm service availability. No identity verification." You must be 18 or over. Cashed still uses account, device, IP, payment, wallet and trading-pattern signals, and rulebook §59 lists "identity mismatches" among manual payout-review triggers — how a mismatch is detected on a product that collects no identity is not explained. Excluded countries: NOT published. The Eligibility page the rulebook sends buyers to (§120) returned a 404 on 13 October 2026, and the Terms (§4) mention a restricted-territory list without publishing it; the sign-up country menu includes Cuba, Iran, North Korea, Russia, Syria, the United States and the United Kingdom (whether the form blocks any of them at submit was not tested). VPNs are allowed except to get around restrictions (rulebook §121), while the Terms (§4) call using a VPN to mask your location a violation. One Cashed profile per person, several trading accounts under it. None of this was tested on an account of ours.
Bots, API, copy trading, weekends
On paper, the broadest list on our grid. The rulebook (CAS-1.1, read 13 October 2026) allows bots, API strategies and compliant third-party software (§93), built-in copy trading from another trader's public account (§94), public or paid signals, news trading, overnight and weekend holding while the market trades, scalping with no minimum hold time, grid, martingale and DCA, hedging inside one account, and up to 100 open positions. Forbidden: hedging across Cashed accounts to build a risk-free structure, coordinated "account cycling", latency arbitrage and tick sniping, exploiting stale prices or bugs, wash trading, spoofing, API spam, and letting a third party run your account outside the built-in group and copy features. Two limits: the API rate limits are cited but never published, and the Terms (§12) say automation is permitted "only where Cashed expressly supports and authorises it" — a contradiction with the rulebook that Cashed has not resolved in writing. Leverage ("indicative launch limits", §70-§71): BTC, ETH and SOL up to 10×, other majors 5×, long-tail crypto 2–3×, stocks, indices and commodities generally up to 5×; the BTC ticket we opened showed 5× (default or cap: not established). Prediction contracts are fully paid, no leverage. Execution is simulated against reference prices and order-book depth (§88, §138); no fee rate is published (the ticket showed "Fees $0.00" before any order), and displayed funding rates are reference data only — Cashed does not currently debit or credit funding (§78).
Payouts
Method & threshold — Split 80% on Standard, Flex and Instant; 80, 85 or 90% on Build Your Own; scaling up to 85% then 90% (level 1: 3 qualifying payouts and 10% cumulative net funded profit → 125% of the original trading power; level 2: 6 payouts and 20% → 150%). The trader receives gross distribution × split, and the balance drops by the gross (rulebook example: $500 gross at 80% → $400 to the trader). Eligibility: closed net profit, all positions closed, at least 20 USDC of trader share, no breach. Paid in USDC on Solana, one request per funded account every 24 hours (CAS-1.1, existing accounts included), partial payouts allowed, "no weekly cash cap". Instant: first payout after 1% of closed net profit, no waiting period, first gross capped at 5% of the starting trading power ($200 gross, $160 to the trader, on $4,000). Network costs covered "where commercially practical". Processing time: "as quickly as operationally possible" — no figure (rulebook §37-§60, Terms §18, read 13 October 2026).
What we verified
Nothing yet. As of 13 October 2026 we have bought no Cashed account and received no Cashed payout. What is written above was read in the rulebook (CAS-1.1) and on the checkout ("One funded payout every 24 hours · $20 minimum"), not observed on an account. The next update of this section will come from the account we buy on 14 October 2026.
What we did not verify
Any Cashed payout at all: there is no public payout registry, no transaction hash, no payout address, no distribution contract and no reserve — the /payouts page is private to each account and blocked in robots.txt. The real processing time. Whether the Instant 1% / 5% rules behave as written. Whether a manual review (fraud alerts, sanctions, "identity mismatches") triggers in practice on an account that collected no identity. And the contractual reservation in the Terms (§2.3): a payout is "a contractual, performance-based reward" subject to "final approval by Cashed's risk team", and a displayed balance or estimated payout "does not create an unconditional debt".
Our verdict
We have not traded Cashed. Everything on this page was read in its documents on 13 October 2026, and the score — 66.3/100 on the grid of 13 October 2026 — is desk research.
What the documents get right
The rulebook is among the most explicit we have read on how an account dies: a static drawdown from the starting trading power, a daily loss on equity with a stated reset, the two floors combined, a 72-hour technical review. The pricing is simple and cheap per dollar of trading power, the permitted-strategy list is broad, and the payout rules are numbers, not adjectives.
What holds it back
The Terms contradict the rulebook on bots and on appeals; the restricted-country page is a 404; the operator is a company a few months old with one director and no track record; and every Cashed payout is invisible from outside. A simulated account plus a contractual reward means the only proof that matters is a payout received — and there is none to read yet.
Who it fits
A trader who wants perps and prediction markets in one account, accepts that it is simulated, and would rather risk a small deposit — $5 is allowed — than a large one while the payout path is unproven. Not for money you cannot afford to lose: once the account is activated and trading has begun, the payment is generally non-refundable. 18+ only.
Cashed beats Propr when you want prediction markets next to perps in the same account, or a large simulated account for a small deposit — $100 buys $12,000 of trading power on Standard. Propr wins on everything you can verify: its payouts settle on a public ledger and have reached our own wallet, while nothing at Cashed can be checked from outside yet.
See Cashed for yourself
Rules, pricing and Terms are published — open Cashed and check them against our review.
Across splits, payout speed, market depth and automation, Propr.xyz is our top pick — bots, copy trading and an official REST API are all explicitly allowed.
Affiliate link. We earn a commission; it never changes what you pay — it is what funds your cashback.
FAQ
Is Cashed simulated or real capital?+
Simulated, by contract. The Terms (§2.1) say balances and positions "are simulated records", and the rulebook (§140) says the trading power is not customer-owned capital and gives no right to Cashed's funds, hedges or wallets. What you can receive is a payout — "a contractual, performance-based reward" subject to final approval by Cashed's risk team (Terms §2.3). Cashed may copy or hedge your trades in live markets (§139), but you own none of those positions. Read on 13 October 2026.
How much does a Cashed account cost?+
The price is the deposit you choose: any amount from $5 to $1,000, read on the checkout and in the rulebook on 13 October 2026. Cashed multiplies it into simulated trading power — 120× on Standard, 80× on Flex, 40× on Instant, 40–220× on Build Your Own — so $100 gives $12,000, $8,000 or $4,000. The checkout showed no extra fee or tax line, takes crypto, and the payment is generally non-refundable once the account is activated and trading has begun.
Is there a Cashed promo or referral code?+
Code ROYA at sign-up: +10% extra balance (simulated trading capital) — Cashed's own statement, on its checkout and to its affiliates, read 13 October 2026; we check it on our own purchase on 14 October 2026. Our link (cashed.fun/join?ref=ROYA) opens the sign-up form with the optional "Referral code" field pre-filled; if it is empty, type ROYA there. It is our affiliate link: we earn a commission when you sign up through it. What the code really gives, on which plans and how many times, is not published — we will read it on our own purchase.
How do Cashed payouts work?+
From a funded account, in USDC on Solana: at least $20 of trader share, all positions closed, one request per account every 24 hours (rulebook CAS-1.1, effective 12 October 2026), partial payouts allowed. Split 80% on the fixed plans, 80–90% on Build Your Own, scaling to 90%. On Instant, the first payout comes after 1% of closed net profit and is capped at 5% of the starting trading power. No processing time is published, and no Cashed payout can be checked on-chain from outside — we have received none.
Does Cashed require KYC?+
Not by its documents: the rulebook (§117) and the Terms (§6) say no government ID, selfie or liveness check is required to trade, go funded or take an Instant payout. Sign-up asks for a username, email, password and country. Cashed still runs fraud, sanctions and security checks, and lists "identity mismatches" as a payout-review trigger. You must be 18+. The list of restricted countries is not published (the Eligibility page returned a 404 on 13 October 2026).
Are bots and APIs allowed on Cashed?+
The rulebook says yes — bots, API strategies, compliant third-party software and built-in copy trading (§93-§94), subject to API rate limits it does not publish. The Terms (§12) are narrower: automation only "where Cashed expressly supports and authorises it". Until Cashed resolves that in writing, keep a copy of the rule version saved to your account (it is fixed at checkout).
Is Cashed a Polymarket or Hyperliquid product?+
No affiliation is published. Perps pages say "Hyperliquid prices · simulated execution", and the status page lists Hyperliquid and Polymarket among the "reference feeds used for live screens and simulated execution validation". Your orders are simulated by Cashed; they are not placed on Hyperliquid or Polymarket in your name.
Is Cashed legit? Has Cashed paid you?+
Cashed has not paid us: as of 13 October 2026 we had bought no account. What we can say: the operator is a real UK company (Cashed Ltd, 17256234, incorporated 2 June 2026, Active), the rules are published in detail, and the site was up. What we cannot say: whether payouts arrive — no registry, hash, address or reserve is public, there are no independent reviews (0 on Trustpilot), and the company has no track record yet. We buy an account on 14 October 2026 and will update this answer from it.
Affiliate disclosure: we may earn a commission if you sign up to Propr.xyz, Hypernova, Carrot Funding, Vest Markets or Cashed via our links, at no cost to you. Specs may change — verify on each firm's site. Informational only, not investment advice. Leveraged trading carries a high risk of loss.
Not investment advice. A challenge fee is money you can lose in full.
