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Risk warning

The long version of the footer warning.

Standing document , effective 2026 , version 1.0

Simulated is not live

An evaluation account is a simulation. Passing it proves discipline under those rules, not that you will repeat it with real money. Many funded traders stall at the first payout.

Fees are usually sunk

A challenge fee is normally non-refundable once you start, and reset fees stack. Budget for a failed attempt, not just a successful one.

Rules end challenges

Daily drawdown, trailing max drawdown, consistency caps, news windows and weekend rules can each end a run on one bad session. Read the exact drawdown calculation before you size a position.

Payouts are not instant or guaranteed

Payout speed ranges from days to weeks across the field, and some firms changed their split retroactively. Treat a payout as earned only once it lands.

Capital is not yours

Simulated capital is not a deposit. You cannot withdraw it, only the profit share.