Tenacity Trading is a futures competition prop firm that launched in early 2026. It drops the evaluation and puts you straight into a $50,000 sim-funded account trading NQ or MNQ, with no daily loss limit and no consistency rule. Payouts come from a shared Competition Entry Fund built from 80% of account fees, split 90% to the trader. Entry starts at $100 with code TENACITY50. The catch is the pooled model, which caps total payouts and pauses the competition when the fund runs dry.
Rating Breakdown
Pros
- No evaluation, straight into a $50K sim-funded account
- No daily loss limit and no consistency rule
- Static drawdown, so the loss line does not trail your profit
- Low entry cost, from $100 with the coupon
- 90% profit split on your payout amount
- Detailed public rules for the fund, pro-rata math, and equilibrium
- Path to a Live Funded Account once your share clears $2,000
- Run up to 5 accounts in one competition
- Some traders report fast payouts, one paid the day after opt-out
Cons
- Payouts are capped by a shared pool, not funded per trader
- Competition pauses at equilibrium when the pool hits $0
- Pro-rata formula can cut your payout below 90% of raw profit
- Only NQ and NQ micros are tradable right now
- Small contract limits, 1 Mini or 3 micros
- First payout needs 5 profitable days
- Rithmic and CME data fees sit on top of the entry fee
- Only launched in early 2026, no long-term track record
- Mixed Trustpilot reviews, some report setup and support delays
- Hedging is banned and accounts below $50K are terminated at equilibrium
Account Types and Pricing
Prices shown are after the TENACITY50 coupon. Rithmic data and CME market data fees are charged separately and are not included in the entry fee. The weekly competition runs from Monday 9:30am EST to Friday 5:00pm EST with a stated $1,000 guaranteed minimum fund.
How the Competition Works
| Model | Direct to sim-funded competition, no evaluation phase |
| Fund split | 80% of every fee into the Competition Entry Fund, 20% admin |
| New competition starts | When the fund reaches $40,000 or more |
| Profitable day | End-of-day PnL of $100 or more |
| Accounts per competition | Up to 5 |
| Available for payout | Competition Entry Fund minus total account profits |
| Equilibrium | When total profits equal the fund, payouts hit $0 and the competition pauses |
| Below start balance at equilibrium | Account is terminated |
Account Rules
| Account size | $50,000 sim-funded |
| Markets | NQ and MNQ (Nasdaq futures) only |
| Max contracts (Flagship) | 1 Mini or 10 micros |
| Max contracts (Competition 2.0) | 3 micros |
| Max drawdown (Flagship) | $2,000 static |
| Max drawdown (Competition 2.0) | $750 static |
| Daily loss limit | None |
| Consistency rule | None |
| Opt-out minimum | 5 profitable days (Flagship), 3 profitable days (Competition 2.0) |
| Hedging | Strictly prohibited |
Payouts
| Profit split | 90% of your payout amount |
| How payouts are sized | Pro-rata share of the Available for Payout pool |
| Full 90% paid | When the pool is larger than total trader profits |
| Reduced share | When total profits exceed the pool, payouts scale down pro-rata |
| First payout | Requires 5 profitable trading days |
| Later payouts | Anytime, minimum $500 |
| Share above $2,000 | Moves to a Live Funded Account instead of cash |
| Share below $2,000 | Paid out as 90% cash |
| KYC | Required before payout |
| Payout requests | Cannot be edited or canceled |
Trading Conditions
| Data feed | Rithmic |
| Platforms | Rithmic-compatible, such as NinjaTrader and Quantower |
| Instruments | NQ and MNQ futures |
| Data fees | Rithmic and CME market data fees paid separately |
| Drawdown style | Static, does not trail |
| Overnight holding | Not stated for competition accounts, confirm before trading |
| Hedging | Prohibited across all accounts |
| Scaling | Profits above $2,000 move to a Live Funded Account |
Our Verdict
Tenacity Trading is one of the newest futures prop firms on the market, and its whole pitch is built around removing the rules traders complain about most. There is no evaluation. There is no daily loss limit. There is no consistency rule. You buy a $50,000 sim-funded account, trade NQ or MNQ, and once you log a few profitable days you can opt out for a payout. For traders who are tired of trailing drawdowns and hidden targets, that is an easy story to like.
The rules pages are also more open than most. Tenacity spells out exactly how the Competition Entry Fund is built, how the pro-rata payout math works, and what happens at equilibrium. That level of detail is rare in this space and it earns the firm real credit on transparency.
The problem is what that transparency reveals. Payouts do not come from deep firm capital. They come from a shared pool made of 80% of trader fees. When the total profit across all traders grows past that pool, everyone’s payout is scaled down by a pro-rata formula, so the headline 90% split applies to a smaller number than your raw profit. When the pool empties, the competition hits equilibrium and pauses, and any account below the $50,000 start is terminated. In plain terms, your payout depends on how many other people bought in and how well they traded, not just on your own results.
The rest of the offer is thin by design. You can only trade NQ and its micros. Contract limits are small, one Mini or three micros. The first payout needs five profitable days, and Rithmic plus CME data fees sit on top of the entry cost. These caps are how a young firm controls its risk, but they also limit how much a strong trader can actually earn.
Early trader feedback is mixed. Some report clean, fast payouts, including one paid the day after opting out. Others flag account setup problems and slow support in the first competitions. The firm has responded to issues publicly, but it only launched in early 2026, so there is no long track record to lean on yet.
Tenacity Trading is worth a look for traders who want a cheap, low-pressure way to trade Nasdaq futures with no evaluation and no daily loss limit. Go in understanding that this is a competition with a capped, shared payout pool, not a firm handing out guaranteed per-trader funding. Keep your position sizes and expectations in line with that, and treat it as an early-stage product rather than a proven one.
Tenacity Trading Coupon Code and Discount
The current Tenacity Trading coupon code is TENACITY50, entered at checkout. It saves up to $100 on your competition entry. With the code, the Competition 2.0 account drops from $200 to $100, and the Flagship account drops from $400 to $200.
Remember that Rithmic and CME market data fees are separate from the entry fee, so factor those in when you compare the true cost against other futures prop firms.
| Code | TENACITY50 |
| Discount | Up to $100 off entry |
| Applies to | Competition and Flagship accounts |
| Last verified | July 2026 |
Frequently Asked Questions
Is Tenacity Trading a legitimate prop firm?
Tenacity Trading launched in early 2026 and runs weekly futures competitions with sim-funded accounts. Traders on Trustpilot report real payouts, including one paid the day after opting out, but the firm is only a few months old and reviews are mixed, with some traders flagging account setup and support delays. It is not regulated by a financial authority, which is standard for prop firms. Its pooled payout model is not yet proven over the long term.
How does the Tenacity Trading competition work?
You buy a $50,000 sim-funded account and trade NQ or MNQ futures. There is no evaluation, no daily loss limit, and no consistency rule. 80% of every account fee goes into a shared Competition Entry Fund. After a set number of profitable days you can opt out. If your pro-rata share is below $2,000 you take a 90% cash payout. If it is above $2,000, the profit moves to a Live Funded Account.
What is the Tenacity Trading drawdown?
Drawdown is static, not trailing. The $50K Flagship account has a $2,000 static drawdown and allows 1 Mini or 10 micro contracts. The $50K Competition 2.0 account has a tighter $750 static drawdown and allows 3 micro contracts. If your account balance falls below the $50,000 start at equilibrium, the account is terminated.
What is the Tenacity Trading profit split?
Traders receive 90% of their payout amount. Payouts are drawn from the Competition Entry Fund, which is 80% of all account fees. When total trader profits are larger than the pool, each payout is scaled down using a pro-rata formula, so the 90% applies to your pro-rata share rather than your full raw profit.
What platforms does Tenacity Trading support?
Tenacity Trading runs on the Rithmic data feed, which connects to platforms such as NinjaTrader and Quantower. Traders pay standard Rithmic and CME market data fees on top of the account fee. The firm currently limits trading to NQ and MNQ futures.
Ready to try Tenacity Trading?
No evaluation. No daily loss limit. $50K sim-funded NQ accounts. Use code TENACITY50 to save up to $100.
Visit Tenacity Trading →