Getting funded to trade stocks, without a broker
What tokenized stock perps are, why we built a prop challenge around them, and what a $10,000 mission actually asks of you.
Most prop firms were built for forex. That made sense ten years ago. It makes less sense when half the people we talk to spend their day watching NVDA, not EUR/USD.
So we built Over, an instant-funded perpetual prop firm, around stocks. Not the shares themselves, but tokenized stock perps: contracts that track a stock's price and trade onchain. You can go long or short a company like NVDA, AAPL or AMD without opening a brokerage account, and we fund the size.
First, what is a stock perp?
A perp, short for perpetual future, is a contract that follows the price of something else and never expires. Crypto traders have used them for years. A stock perp does the same thing for a company's share price.
You never own the stock. You hold a position that gains when the price moves your way and loses when it doesn't. If you have traded BTC perps, nothing here will feel new. If you have only traded shares, the big differences are that you can short as easily as you buy, and you can use leverage.
Where the prices come from
This is the part we cared about most. A prop firm that makes up its own prices can make up your results too.
On Over, every fill comes from a real order book on Phoenix or Hyperliquid. Buys fill at the best ask. Sells fill at the best bid. We don't add a spread, we don't charge a trading fee, and a big order doesn't move the price against you. Your position is simulated, but the price it fills at is the price real traders are quoting at that moment.
The one running cost is funding. Open perp positions pay a small rate, 0.030% a day, rising to 0.090% on the crowded side of a sector. That's it.
What a $10,000 mission looks like
You pay $160 once. You get $10,000 of trading power and 72 hours. To pass, you need to bank $1,000 in realised profit, which means closed trades, not open ones that happen to be green.
Your floor is $9,500 and it never moves. You can also lose at most $300 in a day, counted from your balance when the day opens at 00:00 UTC. If your balance touches either line, the mission ends.
There's no evaluation phase to clear first. You're funded the moment you start, and when you hit the target you get 80% of it, $800, in USDC on Solana, within 24 hours of approval. You can pay a little extra up front to make it 90%.
Why we make you trade 5 sectors
This is the rule people ask about most. To pass, you need trades in at least 5 different sectors, winning or losing.
We added it because one lucky earnings bet isn't a skill. Anyone can be right about one stock once. Being right across semis, megacap tech, energy and crypto in the same week is a different thing, and that's the thing we want to pay for. NVDA and AMD are both semis, so they count as one sector.
Who this is for
If you already trade stocks and want more size than your account allows, this is built for you. Same goes if you trade crypto perps and want exposure to the companies everyone is talking about, without moving money into a broker.
If you want months to pass a challenge, or you only trade forex, we're probably not your firm. That's fine. We'd rather tell you now.
The Over team