Challenges and Rules

Every sold challenge is a 1-Step evaluation. Select, Prime, and Signature use one profit target, a 3% daily loss limit, and static maximum drawdown. Elite uses one profit target and static maximum drawdown, with a choice of a 3% daily loss limit (3% DLL) or no daily loss limit (No DLL) when you buy, and has its own leverage, exposure, allocation, and payout terms; see Elite Accounts. To see the market exposure caps and maximum leverage for a specific product and account size, choose them on Market Exposure Caps. There is no minimum trading-day count or evaluation time limit. All percentages use starting balance, never current equity.

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Evaluation rules

The profit target and loss rules use account equity, including open-position profit or loss. On plans with a daily loss limit, daily loss is measured from start-of-day equity at midnight America/New_York, including daylight saving time, with a dollar allowance of 3% of starting balance.

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Select prize accounts

$1K and $2.5K Select accounts are prizes from giveaways and promotions. They cannot be bought. They follow the 1-Step Select rules above. On a $2.5K account, for example, the profit target is $2,725 and the drawdown floor is $2,425. Funded payouts on these accounts use a 90/10 split and are paid entirely as store credit. See Payouts for their minimum request.

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Daily loss reset time

On Select, Prime, Signature, and 3% DLL Elite accounts, the daily loss limit resets at 12:00 a.m. (midnight) New York time (America/New_York) every day. This is 04:00 UTC during Eastern Daylight Time (EDT) and 05:00 UTC during Eastern Standard Time (EST). The reset follows New York’s daylight saving changes, so it is not a fixed UTC time. The new trading day’s equity, including open-position profit or loss, becomes the daily-loss reference. The dollar loss allowance remains a percentage of starting balance. A daily reset does not reopen a failed account or reset the maximum loss limit. The hourly swap fee charged at midnight covers the hour before the reset, so it counts toward the trading day that just ended. The new day’s reference equity is taken after that fee is charged.

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Static drawdown and the withdrawal lock

The initial MLL floor is starting balance minus the static drawdown allowance. It does not follow intraday or end-of-day highs. On the first withdrawal from a Select, Prime, or Signature funded account, the floor locks permanently to starting balance. It never moves again, including after later withdrawals. Before this lock, reaching a loss floor breaches the account. After the lock, equity exactly at the MLL floor is allowed; falling below it breaches. The daily-loss floor remains inclusive. The dashboard shows both loss floors. A withdrawal never restores the original buffer. Elite has no withdrawal lock. An Elite account’s MLL floor stays at starting balance minus 5% for the life of the account, including after withdrawals, and reaching it breaches the account. See Elite Accounts. Loss-limit monitoring continues while the account is active, including after trades settle or hourly swap fees are charged. A confirmed loss-limit breach changes the account to Failed and stops further trading. Through the API, a position closed by liquidation reports close_reason liquidation, and a position closed because the account reached a final state reports system. Resting exits canceled by a liquidation report cancel_reason liquidation. New Stop Loss orders follow the market’s chart source: Last Price for Binance, Bybit and Hyperliquid, and the venue’s mid price for Veranta and Ostium, which publish no trades. This does not change the price references used for loss-limit or liquidation checks. Existing orders keep their original trigger policy until canceled and replaced. A detected Stop Loss crossing remains valid if the price moves back before execution. The exit still needs a fresh execution price, so placing a stop does not guarantee a fill before a loss-limit breach. See Take Profit and Stop Loss orders.

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Account states

Competition trading uses a separate market exposure allowance from your purchased challenges. Matching competition accounts share a capped allowance for each market, product, and size. Competition positions do not consume your purchased-account allowance. See Asset Exposure Limits for the calculation and rejection behavior.

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After an evaluation passes

The account switcher’s Active filter keeps your passed evaluation visible until its funded account is issued. The evaluation still shows Passed and cannot take new orders. Once the funded account is issued, use the Passed filter or clear the filters to find the completed evaluation. A competition account counts as Active while the competition runs. To keep it out of the account switcher, open Filter and check Hide Competition Accounts. The account keeps trading and stays in the competition; uncheck the option to show it again. API sandbox accounts work the same way with Hide Sandbox Accounts. Follow the action shown on the dashboard. Depending on the account and current workflow, you may need to complete identity verification, review and sign the customer agreement, or wait for a funding review before the funded account is available in the account switcher.

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Maximum active evaluation allocation

You can hold up to $100K in active evaluations per model type. Prime, Select, Signature, and Elite each have their own allowance, and both Elite options share the Elite allowance. Checkout adds the original sizes of your active evaluations in that model, plus the order you are placing, and blocks an order that would go over $100K. Exactly $100K is allowed. For example, two active $50K Elite evaluations use the whole Elite allowance, so another Elite evaluation is blocked, but you can still buy Prime, Select, or Signature. With $75K of active Prime evaluations, a $25K Prime purchase is allowed and a $50K one is not. When an evaluation passes or fails, its size no longer counts, so you can buy again in that model. Evaluation and funded allocation are separate. Holding $100K funded in a model does not reduce the $100K you can hold in active evaluations of that model, and it does not raise it either. This limit applies to new purchases only; it never closes or fails an account you already have.

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Maximum funded allocation

You can hold up to $300K in total funded allocation, with a maximum of $100K per model type. Prime, Select, Signature, and Elite are separate model types. Original account sizes add together within each model, even when you use several smaller accounts. A passed account that would exceed either limit enters Funding Review after identity verification and agreement completion instead of receiving automatic funding. If a funded account later fails or closes and the waiting account then fits within both limits, it is funded automatically. For example, $100K in Prime, $100K in Select, and $100K in Signature totals $300K. Another $100K Prime account requires Funding Review. Passing an evaluation never bypasses these limits. See Becoming Funded.

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Funded accounts and payouts

The dashboard’s Constraints panel shows Payout Rules only for funded accounts. Evaluation and other non-funded accounts show their applicable trading rules without the Payout Rules section. A funded account can submit one payout request per Eastern calendar day, except on Elite, which has no daily limit. The minimum is $100 before the profit split ($80 to the trader on 80/20, or $90 on 90/10). Elite minimums are $50, $100, $250, and $500 before the split on its $5K, $10K, $25K, and $50K sizes, and $30 on a $1K Elite prize account; see Elite Accounts. A rejected request restores the allowance, and submitted requests cannot be cancelled. Each account has its own allowance, even when one trader holds several accounts. Each user can receive at most $100,000 in total lifetime payouts, combined across all accounts and model types and counted after the profit split. New purchases and resets do not reset this cap. Read Lifetime Payout Cap. Payout requests require a flat account and temporarily lock trading while the request is pending. Read Payouts for the window, gross deduction, and the permanent MLL lock on Select, Prime, and Signature. Read the Challenge Lifecycle for the steps from purchase through evaluation, funding, and payouts.