Evaluations and accounts
Evaluation
The assessment stage of a prop programme, traded on a simulated account. Profits made during an evaluation are simulated results used to decide whether you pass; they are not withdrawable.
GFN’s figure
On GFN evaluations there is no deadline on any programme. Evaluation profits are simulated and cannot be withdrawn - the payout timer starts from the first trade on the funded account, not from evaluation trading.
- Time limit
- None, on all three programmes
- Evaluation profits
- Simulated - not withdrawable
- Payout timer
- Starts at the first funded-account trade
In detail
Evaluation,explained
Everything about an evaluation is a test of process rather than of outcome. The target can be hit in a single day or over six months, and the firm is equally happy with either as long as no risk rule was broken on the way.
The distinction that catches people out is between evaluation profit and funded profit. Only the second kind is ever eligible for a payout, and only after the account reaches the funded stage.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Prop firm challenge
A paid assessment on a simulated account. Reach a virtual profit target without breaking the risk rules and the firm issues a simulated funded account that pays you a share of the gains you generate on it.
Phase one
The first stage of a two-step evaluation, carrying the higher of the two profit targets. Clearing it without breaching a risk rule moves the account to phase two rather than to a funded account.
Profit target
The virtual gain required to pass an evaluation phase, stated as a percentage of the starting balance. It is the only objective you have to reach; every other rule is something you have to avoid.
Funded account
The account a trader receives after passing an evaluation, or buys directly under an instant programme. At a simulated-funding firm it is a simulated account whose eligible gains can qualify for a real payout.
Simulated account
An account that reproduces live market conditions - prices, spreads, commission, slippage - without routing orders to a market. Every GFN evaluation and funded account is one, and no customer capital is ever exposed.
Also governed by /rules/no-time-limit
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation