The ability for traders to manage multiple evaluation or funded accounts simultaneously, either separately or combined.
Running multiple accounts allows traders to diversify strategies, increase profit potential, or mitigate risk. Some firms allow account merging, while others require separate management.
A trader has three $50,000 evaluation accounts. They use one for aggressive trades, one for conservative trades, and the third as a backup, improving their chances of securing a funded account.
The initial amount of capital allocated to a trading account in an evaluation or funded account.
The maximum amount a trader is allowed to lose in a single trading day. Exceeding this limit typically disqualifies the trader. There are different types of loss limits, so it is important to understand the type that applies to a chosen plan.
The maximum permissible loss from the starting balance or peak balance. Breaching the drawdown limit ends the evaluation or funded account.
The profit cushion above the starting balance, which traders must maintain to stay compliant or qualify for payouts.
A scaling parameter that determines the ratio of full contracts to micro contracts a trader is permitted to use.