Glossary / Glossary term
Evaluation phase
An evaluation phase is one stage of a challenge with its own profit target, loss limits and minimum days; pass it to move on.
A challenge is made of one or more evaluation phases, each traded on its own simulated account. A phase passes the moment the profit target is met, the minimum trading days are reached and no position is open, with equity never having crossed a floor.
Phases here
- Classic 1-Step: one phase. Target 8%, at least 3 trading days.
- 2-Step: two phases. Phase 1 asks for 8% and phase 2 for 5%, each with at least 3 trading days. Passing phase 1 opens a new phase 2 account.
Neither model has a deadline; an account with no fill for 30 days ends. After the last phase you verify your identity and receive the funded account.
Related
- How a crypto trading challenge worksWhat Classic 1-Step and 2-Step ask for, what the terminal shows, and what happens when you pass or breach a crypto trading challenge.
- 1-Step vs 2-Step, compared
- Funded accountA funded account is the simulated account you trade after passing the evaluation; it keeps the loss limits and lets you request rewards.