Evaluations and accounts
Pass rate
The share of purchased evaluations that reach a funded account. Industry figures are usually low single digits, and almost every published number is unaudited and defined differently by whoever published it.
GFN’s figure
GFN does not publish a pass rate, because an unaudited figure defined by the firm quoting it is not evidence. The rules that determine difficulty are published in full instead.
In detail
Pass rate,explained
A pass rate is only meaningful alongside its definition: per attempt or per customer, per phase or to funding, over what period, and including or excluding retakes. Two firms quoting the same number can be measuring different things entirely.
The more useful comparison is structural. Target-to-drawdown ratio, whether the drawdown trails, whether there is a deadline and whether a consistency rule applies tell you more about difficulty than any headline percentage.
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.
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.
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.
Maximum drawdown
The total loss an account may take before it is failed. Expressed as a percentage of the starting balance, it sets a floor: touch it and the account breaches, whatever the account has made up to that point.
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.
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.
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