Mechanism that “locks” the max drawdown level as the account grows.
Understanding Drawdown lock is crucial for success in passing a prop firm evaluation and maintaining a funded account. Different firms may have slightly different rules or implementations for this concept. Always check the specific firm's rules before trading.
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.
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