Trading
Asset unitQuantity expressed in units of the market’s underlying asset rather than USD. Cross margin
A margin mode where eligible account collateral supports cross-margin positions together. Fill
The executed portion of an order. A fill has a quantity and execution price and changes the simulated account position or realized result. Isolated margin
A margin mode where margin is managed for an individual position. Leverage
The ratio between position notional and assigned margin. More leverage magnifies the effect of price movement relative to margin. Limit order
An order that can fill only at its limit price or better. Mark price
The platform’s current reference price used for account valuation and relevant risk checks. On Lighter forex markets, the platform uses Lighter’s mark price for chart candles, valuation, trigger and risk checks, and the reference for market fills. The book midpoint is a separate value: the average of the best bid and best ask. Market order
An instruction that executes immediately at the current mark price plus a size-based slippage tier applied against the order’s direction. Notional value
The position or order quantity multiplied by price, before leverage converts it to a margin requirement. Perpetual future
A derivatives contract without a fixed expiry date. MyFundedPerps simulates trading these markets; it does not place exchange orders for the trader. Slippage
The difference between a reference or expected price and the final average execution price. Stop Loss / Take Profit (SL / TP)
Exit instructions triggered when a configured price condition is reached.
Challenges and accounts
Challenge accountA simulated account governed by a purchased or granted challenge plan. Consistency rule
A plan-specific limit on how concentrated qualifying profit may be in a small number of days or results. Equity
Account value including the effect of open positions at current marks. Evaluation
The stage in which a trader works toward the plan’s target while respecting its rules. Funded account
The post-evaluation simulated account issued after the required review, identity, and agreement flow. Maximum daily loss
A plan rule limiting account loss relative to its daily reference. Maximum drawdown
The largest permitted decline under the account’s configured static or trailing policy. Profit target
The gain required to pass an evaluation step. Trailing end-of-day drawdown
A drawdown policy whose reference can move upward after a higher end-of-day equity mark and does not move back down.
Copy trading and billing
FollowerAn account that receives eligible orders from a copy-trading lead and applies its own independent risk checks. Lead
The account whose eligible trading instructions drive a copy-trading group. Multiplier
A follower-specific adjustment applied after copy size is normalized for the lead and follower starting balances. Profit split
The purchased plan percentage used to divide eligible funded-account profit under the applicable payout terms. Purchase status
The current state of a challenge order: paid, pending, failed, or refunded.