Evaluation vs funded account: what changes?
An evaluation has a profit target to reach; a funded account usually doesn't, and pays out instead, under conditions. Rules can differ between the stages, and the floor can start again or carry over. On a sample account, the room at the target is $3,000; on a fresh funded start it's $2,000.
Worked example
The evaluation and the funded account are two accounts with two sets of rules. Which one the room is measured on changes the number.
Evaluation, the day the target is reached
- Balance
- $53,000
- Highest close
- $53,000
- Floor
- $50,000
- Room
- $3,000
- Profit target
- $3,000
The floor stopped rising at the starting balance.
Funded, day one, if the account starts again
- Balance
- $50,000
- Highest close
- $50,000
- Floor
- $48,000
- Room
- $2,000
A new start: the floor is back to the full max loss below the balance.
Funded, day one, if balance and floor carry over
- Balance
- $53,000
- Highest close
- $53,000
- Floor
- $50,000
- Room
- $3,000
Nothing restarts, so the room is what it was.
At the target the floor is $50,000 and the room $3,000. If the funded account starts again at $50,000, the floor is $48,000 and the room $2,000. If balance and floor carry over, the room stays $3,000.
Computed by the same rule engine your real accounts use.
The target goes away
An evaluation asks you to reach a profit target without hitting the max loss, sometimes over a minimum number of days. A funded account usually has no target. What it has instead is payouts, and payouts come with conditions: a minimum number of trading days, a buffer above the floor, a consistency check, or a mix of these.
Rules that can change between stages
The max loss, the trailing mode, the daily limit and the consistency rule can all be different on the funded side. So can the number of contracts you're allowed. Reading the funded terms before you get there means the first funded morning has no surprises.
Two accounts in Claridae
In Claridae each stage is its own account with its own rules. When you mark an evaluation passed, the funded account starts from the firm's funded preset, or from the evaluation's rules when there isn't one, and you check them against the firm's terms. The evaluation keeps its own history, and each account's room is measured on its own rules.
How firms differ
- Whether the funded stage keeps the same max loss, trailing mode and daily limit.
- Whether the balance and floor start again or carry over when you move to funded.
- What a payout requires, and what a payout does to the floor.
Check your firm's current terms. Claridae's presets record each firm's version, dated, and you can edit any account's rules.
See it on a sample day
The live demo runs a sample trading day through the Desk, no sign-up.
Open the live demo