Notification

This evaluation is no longer available

We have discontinued the 2 step evaluation. Rules and information are here only for legacy customers.

How the 2 step evaluation works

How to qualify

The 2 step evaluation allows traders to qualify in as little as 15 trading days. The other difference is in this evaluation from the 1 step evaluation your trailing drawdown is based on realized PNL, not unrealized PNL.

Step 1
  • Trade at least 5 days.
  • Hit profit target.
  • Don't hit trailing drawdown.
Step 2 (resets account balance)
  • Trade a minimum 5 days.
  • Hit profit target.
  • Don't hit trailing drawdown.

Pass both steps without breaking any rules and you'll earn your Elite account.

2 Step Evaluation Product Rules

Below is an explanation of 2 step evaluation rules.

Max Trailing Drawdown

Q
How does the trailing drawdown work in evaluations?

A In your evaluation account your drawdown never stops trailing from your highest realized profit.

Example: You start with an account balance $50,000 and your max drawdown is $2,000 (minimum account balance of $48,000). If you make a trade and close for a profit of $1,000 your minimum account balance moves up to $49,000.

If at any time you hit your drawdown your evaluation account is failed. You can feel free to reset or start a new evaluation and try again if that happens.

Trailing Drawdown Evaluation Example

50k Eval with $3,000 profit target and $2,000 trailing drawdown.

Q
How does the trailing drawdown work in Elite (qualified) accounts?

A In your Elite account your drawdown trails your unrealized profit until you reach your beginning balance +$100.

Example: You start with an account balance $50,000 and your max drawdown is $2,000 (minimum account balanace of $48,000). If you make a trade and it goes to +$1,000, but you don't close and your trade is now only +$500 your minimum account balance moves up to $49,000 because your highest unrealized profit was $1,000. Once you make $2,100 in realized profits (drawdown + 100) the drawdown stops trailing.

If at any time you hit your drawdown your Elite account is blown and no payouts are made. You can feel free to start a new evaluation and try again if that happens.

Trailing Drawdown Elite (qualified) Example

50k Elite with $2,000 trailing drawdown.

Holding trades overnight

Q
Am I allowed to hold trades overnight?

A No. You are not allowed to hold trades overnight.

All trades MUST be closed 1 minute before the close of the market. Different instruments have different market closing times. It is your responsibility to know these and close your positions before the respective market closes. Holding a position past market closing time will result in the failure of your evaluation or Elite account. Holding a position past market close in your Elite account will result in a forfeit of profits with account closure.

Example: ES traders must close all positions before 3:59pm Central Standard time on a normal market hours trading day. New trades may be opened at 5pm Central Standard time.

It is the traders responsibility to know holiday trading hours that may vary.

Minimum trading days

Q
What is the minimum amount of trading days I need to qualify?

A There are two steps. The first step requires a minimum of 5 trading days. The second step requires a minimum of 10 trading days.

Details on trading days

Q
What qualifies as a trading day?

A Any day you place a trade qualifies. Sunday and Monday are counted as the same trading day.

Q
Does Sunday count as a trading day?

A No. Sunday evening and Monday are counted as the same trading day.

Q
Is there a maximum number of days to hit my profit target?

A No, you may take as many days as you need to hit your profit target*. There is no maximum. You will continue to pay the evaluation auto-renewal price every 30 days until you either cancel the eval account (irrespective of failures) or reach the profit target to get funded.

If you have not failed your evaluation, your current profit and the remaining drawdown will carry over once your monthly renewal payment successfully processes.


*Fast track accounts are the only exception and have a maximum of 14 calendar days, or 10 trading sessions, to reach the eval profit target.

Q
Can I trade on holidays and during news?

A Yes. Just know during these events volatility can be very low or extremely high and can wipe an account out quickly if risk management is not applied.

Maximum Account Positions

Q
How do the maximum account positions work?

A You are not allowed to have more than the maximum allowed positions open at any time. Doing so will result in a failure of your evaluation or Elite account. Going over your max allowed positions in your Elite account will result in a forfeit of profits with account closure. 10 micros counts as 1 mini.

Legend:
1 mini = 1 "position"
10 micro = 1 "position"

Example: An account with a maximum open positions of 3 minis, 30 micros or 3 small will be used for this example.

Allowed: 2 mini, 10 micro
Not Allowed: 2 mini, 20 micros (20 micros is equivalent to 2 "positions" putting this at 4 total positions. 1 more than the 3 allowed.).
Not Allowed: 3 mini, 600 micro (9 total "positions")

Q
What contract expiration can I trade?

A You agree to trade the highest volume, most current contract for the instrument you are trading. Trading low liquidity and low volume contracts is not allowed.

I qualified. Now what?

A There is no need to email us. We will reach out to you within 72 hours for the next steps.

Please see the Elite Account rules: Click here to see the rules.