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What factors need to be considered while maintaining an Evaluation Account?
What factors need to be considered while maintaining an Evaluation Account?
Updated over a month ago

These are the circumstances under which your account will be breached:

Breach due to exceeding the Daily Loss Limit

The Evaluation accounts can be breached if the trader exceeds the Daily Loss  Limit in the account. If the account balance falls below 5% of the initial balance in a single day, during either Challenge Phase 1 or Challenge Phase 2, the account will be breached and must be reset if the trader wishes to trade in the Challenge again.

However, if the account balance falls below 5% of the initial balance in a single day during the FundedNext account, the account will be breached and traders will not be able to trade on that account anymore. To know more about calculating the Daily Loss Limit, kindly click here.

Breach due to crossing the Overall Loss Limit

The Evaluation accounts can be breached if the trader exceeds the Overall Loss Limit in the account. If the account balance falls below 10% of the initial balance over the entire trading period, during either Challenge Phase 1 or Challenge Phase 2, the account will be breached and must be reset if the trader wishes to trade in the Challenge again. To know more about calculating the Overall Loss Limit, kindly click here.

However, if the account balance falls below 10% of the initial balance within a Trading Cycle during the FundedNext account, the account will be breached and traders will not be able to trade on that account anymore. To know more about the Trading Cycle, kindly click here.​

Breach due to failure to meet the Profit Target within Time Limit

If a trader fails to achieve the 10% Profit Target within 4 weeks during Challenge Phase 1, the account will be breached. Similarly, if the trader fails to achieve the 5% Profit Target within 8 weeks during Challenge Phase 2, the account will be breached.

However, the trader may still be eligible for a free retake even if they fail to reach the profit target in time. To qualify, the trader must trade for at least 5 trading days, not violate any rules, and the account must end with an overall profit.

Please refer to the image below:

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