Prop Firm in Ontario and Toronto: Prices, Rules and Crypto Checkout
What a trader in Toronto or anywhere in Ontario should check before a prop firm challenge: real prices in all three markets, the rulebook, Eastern Time session timing, crypto checkout and USDT or USDC payouts.
OctoFunded Trading DeskUpdated · 9 min read
A prop firm for a trader in Toronto or anywhere in Ontario is worth paying for only after you have checked four things yourself: the price in US dollars, the written rules, how those rules meet an Eastern Time trading day, and how money moves in and out.
Search "prop firm Toronto" or "prop firm Ontario" and you get rankings, coupon pages and forum threads. Few of them print a full price list or explain what happens to a Bay Street morning when the US data drops at 08:30. This guide does both, with the checks that can rule a firm out first. For the national view, start with our checklist for Canadian traders.
What does an OctoFunded challenge cost a trader in Toronto?
Prices are in US dollars. Below is a spread of sizes in each market, at list price and with OFF10, the only public code, which takes 10% off every plan.
| Market | Program | Size | List price | With OFF10 | Split |
|---|---|---|---|---|---|
| Classic | 1-Step | $10,000 | $69 | $62.10 | 80% |
| Classic | 1-Step | $50,000 | $289 | $260.10 | 80% |
| Classic | 2-Step | $25,000 | $179 | $161.10 | 80% |
| Classic | 2-Step | $100,000 | $529 | $476.10 | 80% |
| Classic | Instant | $25,000 | $249 | $224.10 | 100% |
| Perpetuals 24/7 | 1-Step | $10,000 | $239 | $215.10 | 90% |
| Perpetuals 24/7 | 2-Step | $25,000 | $359 | $323.10 | 90% |
| Perpetuals 24/7 | Instant | $5,000 | $319 | $287.10 | 90% |
| Futures | 1-Step | $25,000 | $640 | $576.00 | 90% |
| Futures | Instant | $25,000 | $1,900 | $1,710.00 | 90% |
Prices checked 30 October 2026.
On every 1-Step and 2-Step, the fee is refunded with your first payout. Instant accounts have no refund, so count that fee as a cost from day one. On the Classic 1-Step and 2-Step you can also choose a 90% or 100% split at checkout for a higher fee; the checkout shows the final price. Our page on how the OFF10 code works covers the code itself.
How do you check whether a prop firm accepts traders in Ontario?
Read the firm's terms and go through the signup flow. Do not rely on a ranking or a comment thread. At OctoFunded, availability is shown at signup and in the OctoFunded Terms, which list restricted countries and can change.
Then check the rules that apply in Ontario. Rules on trading products, crypto and tax differ between provinces and change over time. This article does not describe them, does not say what is or is not permitted in Ontario or Toronto, and is not legal or tax advice. If you are unsure, speak to a qualified professional.
Which rules should a Toronto trader compare?
Compare the profit target, the daily loss limit, the maximum loss, the drawdown type and any best day cap. These lines decide most outcomes.
| Rule | Classic 1-Step | Classic 2-Step | Classic Instant |
|---|---|---|---|
| Profit target | 10% | 10% then 5% | No evaluation |
| Daily loss limit | 4% | 5% | 3% |
| Maximum loss | 8% | 10% | 12% |
| Drawdown type | End-of-day trailing, locked at the initial balance | Static | Static |
| Best day cap | 50% of the phase profit | See the program rules | See the program rules |
| Split | 80% | 80% | 100% |
| Fee refund | With the first payout | With the first payout | None |
Classic Instant pays its first payout after 7 days and then weekly, with payouts 1 and 2 each capped at 3% of the initial balance. On the Classic market, news trading and weekend holding are allowed, there is no time limit, and EAs are allowed. Accounts trade in OctoFunded Web, with TradingView charts.
The other two markets have their own limits:
| Rule | Perps 1-Step | Perps 2-Step | Perps Instant | Futures 1-Step | Futures Instant |
|---|---|---|---|---|---|
| Profit target | 6% | 4% per phase | No evaluation | 6% | No evaluation |
| Daily loss limit | 3% | 4% | 3% | 3% | 2% |
| Maximum loss | 6% | 6% | 7% static | 4% | 3% static |
| Split | 90% | 90% | 90% | 90% | 90% |
| Payout | See the program rules | See the program rules | On demand after 6 trading days | See the program rules | On demand after 5 trading days |
Perpetuals 24/7 cover crypto, US stocks, gold and oil and stay open on weekends. OctoFunded Futures list dated crypto quarterlies and monthly index and commodity contracts. The full wording is in the program rules, and 1-Step vs 2-Step vs Instant Funded compares the programs side by side.
How does an Eastern Time day meet the rules?
Toronto and most of Ontario run on Eastern Time, the same clock as New York. That makes the US session easy and the London open early.
| Session | Rough Toronto time | What traders often notice |
|---|---|---|
| Asia | Evening to early morning | Yen and Aussie pairs move, majors are quieter |
| London open | About 03:00 | Sharp moves in EUR and GBP pairs while you sleep |
| US data window | About 08:30 | Fast moves in USD pairs, gold and indices |
| New York stock open | About 09:30 | Index CFDs and US stock perpetuals wake up |
| London and New York overlap | Morning to about noon | Highest activity of the day |
| Perpetuals 24/7 | Any hour, weekends included | Crypto, US stocks, gold and oil keep trading |
These times are approximate. Canada and Europe change their clocks on different dates, so the London open moves by an hour for a few weeks a year. Check your platform clock rather than memory.
Three habits fit the rules well:
- Know the reset. The daily loss limit resets at 00:00 server time, not at midnight in Toronto. Check the server clock in the program rules and on your platform, and do not hold a losing trade across the reset by accident.
- Size for 08:30. A morning data release and an afternoon index move share one daily limit. Our guide to trading around news shows how to size for it.
- Know your floor. On the 1-Step the floor trails your end-of-day high until it locks at the initial balance; on the 2-Step it stays put. Read static vs trailing drawdown before you choose.
What does a $50,000 Classic 1-Step look like in dollars?
Rules are easier to judge in money than in percentages. The rule figures are plain arithmetic. The profit line is illustrative only: not a projection and not a target.
| Line | Calculation | Result |
|---|---|---|
| Fee at list / with OFF10 | Price list | $289 / $260.10 |
| Profit target | 50,000 x 10% | $5,000 |
| Daily loss limit | 50,000 x 4% | $2,000 |
| Maximum loss | 50,000 x 8% | $4,000 |
| Largest allowed best day at target | 5,000 x 50% | $2,500 |
| Illustrative funded payout profit | Given | $1,500 |
| Your 80% split | 1,500 x 0.80 | $1,200 |
Read it as a trader. A day that loses $2,000 ends the account, so a plan risking $500 a trade leaves room for three full losses in a day, not four. No single day can be more than $2,500 of the $5,000 target. If a later funded period closes $1,500 in simulated profit inside every rule, your share is $1,200, paid in USDT or USDC, and the fee comes back with that first payout.
Any conversion into Canadian dollars depends on the rate and fees of the service you use, which is outside the program.
How do you pay from Toronto?
At OctoFunded the checkout is crypto only. Choose a coin and network, then send the exact amount shown, to the address shown, on that same network.
| Option | Network | Network fee paid in |
|---|---|---|
| USDT (TRC20) | TRON | TRX |
| USDT (ERC20) | Ethereum | ETH |
| USDC | Ethereum | ETH |
| BTC | Bitcoin | BTC |
| ETH | Ethereum | ETH |
| SOL | Solana | SOL |
Tether issues USDT on several blockchains, and a transfer sent on one chain does not arrive on another. Match the network in your wallet or exchange to the one you picked at checkout, and make sure the amount that arrives after any withdrawal fee equals the amount requested. Our crypto payment walkthrough covers each step.
We do not name or recommend exchanges. Use one you trust and that is permitted where you live.
How do USDT and USDC payouts reach you?
Subject to the program rules, OctoFunded sends payouts in USDT or USDC on-chain, each with a public transaction hash. The hash lets you confirm the amount, the receiving address and the time on a block explorer, without asking anyone. Here is how to check a transaction hash.
Before your first request, confirm the network and timing for your program in the rules, test that your address credits that coin on that network, and keep records of every payment and payout hash for your own files.
How does OctoFunded fit a trader in Ontario?
Focus on what you can verify today: the written rules, the price list and the public hash on each payout. For a wider view, read how to judge any prop firm.
It fits best if you trade the US session from Eastern Time, want written limits on simulated capital with no time limit, and already use crypto. It fits less well if you need to pay by card or bank transfer, or need a platform other than OctoFunded Web. Traders further west can read our guide for Vancouver, Calgary and Alberta.
Support is by e-mail at [email protected]. The site is available in 14 languages, French included, which helps on a bilingual desk.
FAQ
Can traders in Toronto or Ontario buy an OctoFunded challenge?
Availability is shown at signup and in the OctoFunded Terms, which list restricted countries and can change. Check the Terms and the rules that apply in Ontario before you pay. This article is not legal or tax advice.
What is the cheapest OctoFunded challenge for a Toronto trader?
The Classic 1-Step on $10,000 is $69 at list price, or $62.10 with the public code OFF10, which takes 10% off every plan. Prices checked 30 October 2026.
Can I pay in Canadian dollars?
No. The OctoFunded checkout takes crypto: USDT on TRON (TRC20) or Ethereum (ERC20), USDC, BTC, ETH and SOL. Any conversion from Canadian dollars happens on the service you use before paying.
When does the daily loss limit reset for a trader in Eastern Time?
The daily loss limit resets at 00:00 server time, not at midnight in Toronto. Check the program rules and your platform clock for the server time before you hold a trade across the reset.
Is there a best prop firm in Toronto?
There is no single best prop firm for every trader in Toronto or Ontario. Compare written rules, total cost, payout method and proof, and the terms against your own hours and style, not against a ranking.
Compare the programs before you pay
OctoFunded offers 1-Step, 2-Step and Instant accounts on simulated capital across Classic CFDs, Perpetuals 24/7 and Futures, for a one-time fee with no time limit on evaluations. Entry starts at $69, or $62.10 with OFF10. You pay in crypto, and payouts come in USDT or USDC with a public transaction hash, subject to the program rules. Read the Terms first.
Compare the programs · Code OFF10 takes 10% off every plan.
Prices checked 30 October 2026.
