Burly is open

Burly is open. It is a prop firm built on the Bulk perps exchange: you buy a challenge, trade a simulated account priced on Bulk's live order book under two loss limits, and if you pass we pay you a share of what the funded account makes, in USDC.

What launched

• One challenge, in one phase: a 10% target, a 3% daily loss limit and a 6% static drawdown. From $59.
• Five weight classes, $5,000 to $100,000. No time limit on any of them.
• A split of 80%, rising to 90%, with a payout every 14 days and the fee returned with the first one.
• A terminal with your two limits on screen in dollars, and a breach price on every position.

What did not launch

Instant funding, paid add-ons, paid resets and accounts above $100,000. No second phase to pass. One price and one rule set. Larger accounts come when there is enough data to price them honestly.

What we will publish

Every paid payout, with its transaction signature. The pass rate, once enough challenges have finished for it to mean something. Until then those parts of the site say that there is nothing to show yet. We would rather have an empty table than an invented one.

The rules are on one page, with formulas and worked examples. Read them before you buy. Most participants do not pass the evaluation, and the fee is the cost of trying.