Evaluations and accounts
Free retake
A second attempt at an evaluation included in the original fee, granted after a hard breach. It is not a free first attempt - the evaluation was paid for - and its rules are often tighter than the original.
GFN’s figure
The GFN 2 Step includes one free retake after a hard breach. The retake runs at a 3% daily loss limit (down from 5%), a 4% non-trailing drawdown (down from 8%) and a 60% virtual profit share (down from 80%).
- 2 StepCost
- Included - no second purchase
- 2 StepDaily loss limit
- 3%
- 2 StepMax drawdown
- 4%, non-trailing
- 2 StepVirtual profit share
- 60%
Every other 2 Step rule still applies to the retake. The Instant and 1 Step programmes do not include one.
In detail
Free retake,explained
A free retake changes the arithmetic of a cheap evaluation, because the effective cost per attempt halves. It is worth reading as part of the price rather than as a bonus.
It is also worth reading the terms closely. A retake at a narrower daily loss limit and a lower profit share is a meaningfully harder account, and a strategy sized for the first attempt may not fit inside the second.
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.
Retake
A second run at an evaluation after a failed one. Some firms include a retake in the original fee; others sell it, and the terms of the second attempt are not always the terms of the first.
Two-step evaluation
An assessment split into two phases with separate profit targets. The first phase proves the strategy, the second - usually at a lower target - checks it repeats before the firm issues a simulated funded account.
Hard breach
A violation serious enough to fail or terminate the account immediately. Exceeding the daily loss limit or the maximum drawdown is the usual cause, and a later recovery in the market does not reverse it.
Account reset
Paying to return a failed or drawn-down evaluation to its starting balance rather than buying a new account. It is a recurring revenue line at firms that sell it, and a real cost to track.
Virtual profit share
The compliant name for a prop firm's profit split: the share of virtual profits generated on a simulated funded account that is paid to the trader. The profits are simulated; the payout is real money.
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.
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Payouts every 14 days
$400,000 max total allocation