Educational definition reviewed . Firm-specific usage may differ.
Mechanism that “locks” the max drawdown level as the account grows.
Drawdown lock is used here as a plain-language educational definition. Firms, platforms, and account programs may apply different conditions or calculations. Verify the current official terms before using this definition to make an account decision.
The required profit amount/percentage to pass an evaluation phase.
The number of distinct days you must trade to pass or request payouts.
A one-time fee to activate the funded stage after passing evaluation.
Fee to reset an evaluation after failure or to restart metrics (varies by firm).
The maximum capital or number of accounts a trader can control with one firm.
The largest allowed position size per trade / total open exposure.
Review listed costs and rules, then confirm the applicable account terms with the firm.
Compare Prop Firms