Understanding the Path from Evaluation to a Funded Account
Navigating the world of proprietary trading can be overwhelming. Most prop firms follow a standardized process designed to prove your trading skills and risk management. Here is the typical journey you will take when signing up for a challenge on Proppie.io.
Step 1: Choosing Your Challenge
Everything starts with selection. Depending on your budget and strategy, you can choose between:
- 1-Step Evaluation: Faster access to funding, usually with a higher profit target.
- 2-Step Evaluation: The industry standard. Lower profit targets but requires more consistency.
- Instant Funding: No evaluation needed, but usually comes with higher upfront costs and tighter rules.
Step 2: The Evaluation Phase (Phase 1)
Once you purchase your challenge, you receive demo account credentials. Your goal is to reach a specific Profit Target(usually 8% to 10%) without hitting the Maximum Daily Loss or Total Drawdownlimits.
- Tip: Always check if the firm allows News Trading or Weekend Holding before you place your first trade.
Step 3: The Verification Phase (Phase 2)
If you chose a 2-Step challenge, you move to Verification. This phase is designed to prove that your Phase 1 success wasn’t just luck. The profit target is usually lower (around 5%), and the risk rules remain the same.
Step 4: Becoming a Funded Trader
Congratulations! Once you pass the evaluation, you undergo a KYC (Know Your Customer) process and sign a funded trader agreement. You are now trading “virtual capital” in a live environment, and the firm will copy your trades or pay you based on your performance.
Step 5: The Profit Split (Your Reward)
This is why we do it. Most firms offer a Profit Split between 80% and 100%. You can usually request your first payout after 14 to 30 days of trading.
Ready to start your journey?
Don’t choose blindly. Use our Comparison Table to find the firm with the lowest profit targets and the most generous drawdown limits.
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