A recurring fee traders pay to participate in an evaluation or maintain access to a trading platform and tools.
Monthly fees can add up over time, especially if a trader takes multiple evaluations or doesn’t pass quickly. Understanding these costs helps traders budget properly and avoid unnecessary expenses.
A trader pays $150 per month to participate in a $100,000 evaluation account. If they take three months to pass, their total cost before funding is $450.
The number of phases a trader must complete to qualify for a funded account. Each phase typically includes meeting profit targets while adhering to risk rules.
The initial amount of capital allocated to a trading account in an evaluation or funded account.
The specific profit amount a trader must achieve to pass an evaluation or progress to a higher account level.
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.