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. 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 uses realized balance. Loss rules use equity, including open-position profit or loss. 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. For Lighter forex positions, unrealized profit or loss and the related loss and liquidation checks use Lighter’s mark price, matching the chart candles. The midpoint between the best bid and ask is a separate order-book value. Market fills use that same venue mark with the published slippage adjustment; see How market orders fill.

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Daily loss reset time

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.

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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 the 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.

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Account states

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After an evaluation passes

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 funded allocation

You can hold up to $300K total funded allocation**, with a maximum of **$100K per model type. 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. For example, $100K in Prime,$100K in Select, and $100K in Signature totals$300K. Another $100K Prime account requires Funding Review. 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. The minimum is $100 before the profit split ($80 to the trader on 80/20, or $90 on 90/10). Rejected requests consume the allowance, and submitted requests cannot be cancelled. Each account has its own allowance, even when one trader holds several accounts. Payout requests require a flat account and temporarily lock trading while the request is pending. Read Payouts for the window, gross deduction, and permanent MLL lock. Read the Challenge Lifecycle for the steps from purchase through evaluation, funding, and payouts.