Evaluations and accounts
One-step evaluation
An assessment with a single profit target. Clear it without breaching and you go straight to a simulated funded account - there is no second verification phase to trade afterwards.
Also called: 1 Step challenge · Single-phase evaluation
GFN’s figure
The GFN 1 Step is a 10% virtual profit target against a 8% maximum drawdown - 10% with the checkout add-on - with a 5% daily loss limit, no minimum trading days and no consistency rule.
- 1 StepProfit target
- 10% ($10,000 on $100,000)
- 1 StepMax drawdown
- 8%, or 10% with the add-on
- 1 StepVirtual profit share
- 80%, or 90% with the add-on
In detail
One-step evaluation,explained
One-step programmes are the shorter route, and firms usually price them above their two-step equivalent because the firm carries the risk of funding sooner. The target is typically higher than a two-step first phase to compensate.
The number worth comparing is the ratio of target to drawdown. A 10% target against an 8% drawdown gives you roughly one unit of room per unit of target; a 10% target against a 5% drawdown is a very different proposition.
Worked example
A $100,000 1 Step account needs $10,000 of virtual profit, with a floor at $92,000 and a daily limit of $5,000.
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.
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.
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.
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.
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.
Consistency rule
A rule capping how much of an account's total profit may come from a single trading day. It stops one outsized day from carrying an otherwise flat account through an evaluation.
Also governed by /rules/profit-target
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