Evaluations and accounts
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.
Also called: Re-attempt · Second attempt
GFN’s figure
GFN includes one free retake on the 2 Step only. It runs tighter than a first attempt: a 3% daily loss limit, a 4% non-trailing maximum drawdown and a 60% virtual profit share on the funded account it leads to.
- 2 StepRetake
- One, included at no cost
- 2 StepRetake daily loss limit
- 3%, down from 5%
- Instant and 1 StepRetake
- None included
In detail
Retake,explained
Two things to check on any retake: whether it costs anything, and whether the rules are the same. A retake at tighter limits is a genuinely different product from the one originally bought, and it is usually the firm's way of pricing the second helping of risk.
A retake also resets nothing psychologically. The most common reason a second attempt fails is that it is traded as a recovery of the first rather than as a fresh account.
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.
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.
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.
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.
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.
Evaluation fee
The one-time price of an assessment. It is what the trader is genuinely risking - no customer capital is exposed on a simulated account - and it is the number to compare between firms per dollar of allocation.
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