Evaluations and accounts
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.
Also called: Virtual profit target · Evaluation target
GFN’s figure
GFN's virtual profit targets: none on Instant, 10% on the 1 Step, and 8% then 5% on the 2 Step. No programme has a deadline attached.
- InstantTarget
- None
- 1 StepTarget
- 10% - $10,000 on $100,000
- 2 StepTargets
- $8,000 then $5,000 on $100,000
In detail
Profit target,explained
A target on its own says nothing about difficulty. Read it against the drawdown: 10% against 8% of room is a materially different task from 10% against 4%, and the second one is the version most of the industry sells.
There is no reward for beating a target, so a target reached is a reason to stop trading that phase rather than to press on.
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.
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.
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.
Phase two
The second stage of a two-step evaluation, usually at a lower profit target than the first. It exists to check the result repeats, and it is where a large share of otherwise successful attempts fail.
Time limit
A deadline by which an evaluation must be completed. Where one exists it changes the strategy entirely, because it converts a test of process into a test of process under a clock.
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 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