Win $1,000,000 in challenge accounts

You score for your trading footprint and Ethos reputation. The top 100 each win a challenge account, up to $100K.

Free to enter · no wallet connection required

$100,000Rank 1
1 account
$50,000Ranks 2–4
3 accounts
$25,000Ranks 5–13
9 accounts
$10,000Ranks 14–31
18 accounts
$5,000Ranks 32–100
69 accounts
+ why northbook02

Funded trading you can audit.

See Rulebook
001 - The story

The ambiguity was the product.

Every trader who has used a prop firm knows the same story. You pass, you request a payout, and it gets denied by some hidden rule buried in the terms and conditions. A clause you were never shown, and a support ticket that goes quiet the moment you question it. For most firms, the ambiguity was always the product.

We think that kind of ambiguity is solvable by design, and it is the whole reason Northbook exists.

002 - Auditable by design

If a rule is not in the rulebook, it does not exist.

We designed the opposite of ambiguity. The entire rulebook is auditable. Two loss limits govern the account: a daily loss, and a static max drawdown that never moves once you open. Conduct rules exist too, no cross-account hedging, no latency arbitrage. Every one is written down in advance, so nothing is invented after you win.

003 - Instant, verifiable payouts

Settlement on-chain, with a hash you can check.

Payouts settle on-chain in USDC and leave a public transaction hash you can verify independently, no queue, no discretion. And solvency is not a promise: a public on-chain USDC vault is held at ≥15-20% of all funded capital, multiples above expected liability.

004 - Transparency

Numbers in public, including the bad quarters.

Pass rates, payout latency and breach data are published from day one and not curated afterwards, including the quarters that make us look bad. A firm that only shows its wins is telling you what it does with the losses.

+ markets & assets03

Four asset classes,
one account.

Liquidity on Hyperliquid

Funded accounts are priced against Hyperliquid live order books rather than a synthetic feed built in-house, so the prices you trade at are the prices everyone else sees.

200+ markets, 24/7

Crypto never closes, so neither does your account.

+ how it works

On-chain capital
for your edge

001
Pick a size from $5K to $100K and a plan. One-time fee, no subscription, no time limit on finishing it.
Choose an evaluation
002
Hit the profit target while staying inside the two limits. That is the whole rule set, and it does not change while you trade.
Trade the rules
003
Reach the target and the account funds itself. No forms, no review, no queue. The promotion is mechanical.
Get funded
004
Keep up to 90%. Request a payout whenever you like; it settles on-chain with a public transaction hash.
Get paid in USDC
+ faqs05

Frequently asked questions.

001What is a prop firm?

A proprietary trading firm provides the capital so you can trade larger than your own account allows. You pass an evaluation to show skill and risk discipline, then trade a funded account and keep most of the gains. You bring the skill, we bring the capital.

002Can I lose my own money?

No. The only money you put in is the one-time evaluation fee. Evaluations and funded accounts run in a simulated environment priced against live markets, so there are no deposits, no margin calls and no bills afterwards. The worst case is that an account hits its loss limit and closes.

003What happens if I break a rule?

Breaching a loss limit, either the daily loss or the max drawdown, simply ends that evaluation: no hidden penalties, no clawbacks, nobody chasing you, and you can purchase a new challenge at the listed fee whenever you are ready. The rulebook also lists prohibited conduct such as cross-account hedging, latency arbitrage and exploiting a pricing defect. Those are not automatic: we flag the account, tell you exactly what we observed, and give you a chance to respond before any decision.

004How do payouts work?

Once all your positions are closed, request a payout from your dashboard. The books settle and your share is sent in USDC to your wallet by smart contract, leaving a public transaction hash. There is no minimum holding period and no cap on how often you withdraw.

005What is the waitlist?

Our prelaunch list, where the top 100 win a free challenge account each, total $1,000,000 in value. You earn scores for your trading footprint and your X (Ethos) reputation, and can climb further by having others back you.

006Do I need to connect a wallet?

Not to enter. The waitlist reads public on-chain history from an address you paste. There is no connection, no signature and no permission granted. You will sign from that wallet later, only when claiming an account at launch.

+ northbook waitlist is live

One hundred accounts. $1,000,000