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Based in Exeter - working across prop trading firms worldwide

Glossary · Evaluations

Profit target

  • Also called
  • target
  • profit goal

What it means

In a prop firm, the profit target is the headline number of every evaluation. It is usually stated as a percentage of the starting simulated balance, and it is measured on closed balance at most firms, though some count equity. A two-step program sets one target per phase.

The target and the loss limits work as a pair. A high target with a tight maximum loss produces a low pass rate; a low target with a wide loss limit produces more simulated funded accounts and more payout liability. Firms tune the ratio between them rather than either number on its own.

Some programs, especially instant funding accounts, have no profit target at all and rely on payout rules instead.

Related terms

Read these next.

Evaluations

Evaluation

An evaluation is the paid, rule-bound test a prop firm sells, in which a trader must hit a profit target in a simulated account without breaking any risk rule.
Evaluations

Two-step challenge

A two-step challenge is an evaluation split into two phases, usually a higher profit target first and a lower one in a verification phase, before simulated funding.
Risk and drawdown

Maximum loss limit

A maximum loss limit is the total drawdown a prop firm account may reach before it is closed, set as a static, trailing or end-of-day level below the starting balance.
Evaluations

Pass rate

Pass rate is the share of prop firm evaluations that end in a pass rather than a breach, measured per phase or end to end; it drives payout liability.
The website

Pricing table

A prop firm pricing table lists each program and account size with its fee and core rules side by side, so traders can compare and buy without opening the rules page.

On your website

Where this shows up on a prop firm site.

Feature

Challenge pricing table

The table traders compare first: program, size, price, target, daily and maximum loss and split, readable in ten seconds on a phone.
Feature

Rules pages

Rules a trader can read one way: one page per rule, worked examples from your own numbers, and a table of which rules apply to which plan.

Looking for a prop firm to trade with, not a website? Compare firms on PropFirmPal, the comparison site our founder owns.Go to PropFirmPal →

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