At a glance

"Prop firm" is short for proprietary trading firm. Most firms that sell trading evaluations online follow the same pattern, and EverFunded is one of them: you pay a fee, you trade an account against published rules, and results on a funded account can qualify you for a reward. Most routes put an evaluation before the funded account. Instant does not: it starts as a funded account, and its payout conditions apply to every reward instead.

At EverFunded every account is simulated at every stage. You never trade the firm's capital. A reward is a discretionary payment, not a withdrawal of profits.

See how EverFunded works

How the model works

Stage	What happens	Which routes
Fee	The fee buys access to an account. It is not a deposit or an investment.	All four
Evaluation	You trade virtual funds in a simulation, whose prices and execution may differ from a live market (Terms §6.2), aiming for a profit target while staying inside the loss limits. EverFunded's profit targets are 8% then 5% on 2-Step, 10% on 1-Step and 2% on Flash. Breaking a loss limit ends the evaluation.	2-Step, 1-Step and Flash. Instant has no evaluation.
Funded account	Once you have met every objective, you move to a funded account. It is also simulated, and it has its own conditions for requesting a reward.	All four. Instant starts here.
Reward	A reward is calculated from your simulated profit using a reward share: 80% on every account, or 100% with the profit split upgrade. Rewards are discretionary, paid only when payout conditions are met, and never guaranteed.	All four

The four routes at EverFunded

EverFunded offers four routes through these stages:

Route	Steps
2-Step	Fee, then two evaluation phases, then a funded account
1-Step	Fee, then one evaluation phase, then a funded account
Flash	A $0.99 entry payment, then one evaluation phase, then a funded account. The rest of the price for your size is due only if you pass, within 14 days of your pass e-mail, and Flash is a single attempt
Instant	Fee, then straight to a funded account

Instant has no evaluation: you trade a simulated funded account from the start, with no target to reach first. Instant is sold from $10K to $100K. Like every funded account, it has conditions for each reward request. For example, every funded cycle on every account needs at least 3% net profit, measured on the balance the cycle started with, and Instant needs 5 qualifying days in each cycle.

Example: Two people start on the same day. The first buys a 1-Step account. They must reach the 10% profit target while staying inside the loss limits and meeting the other objectives. Only then do they move to a funded account, where payout conditions apply. The second buys Instant. There is no target to reach first, but before each reward request the account needs at least 3% net profit in that funded cycle and 5 qualifying days. Neither of them trades real money. For both of them, any reward is a separate decision made under the Terms.

Before you buy

You risk the fee, not trading capital. Losing trades in a simulated account cannot leave you in debt or trigger a margin call. See How much money can I lose with EverFunded?.
Passing is not the same as being paid. Meeting the objectives confirms that you met them in a simulation. That alone does not entitle you to a reward.
A reward share is not ownership of profits. At EverFunded there are no real trading profits to share. The percentage only describes how a discretionary reward is calculated.
Passing is not guaranteed. We do not publish a pass rate, so do not assume you have any particular chance of passing, and only spend what you can afford to lose.
The firm earns from fees. Mainly from the fees traders pay. How do prop firms make money? explains this, and the conflict of interest it creates.
Firms differ. Targets, loss limits, costs and reward conditions vary a lot from firm to firm. See How to compare prop firms before buying.

Someone, perhaps a creator or an advertisement, may describe an EverFunded account as trading real capital, or a reward as a guaranteed share of profits. If so, rely on the Terms instead, and send us a link or a screenshot at [email protected]. We follow those up.

Next step

Next, compare EverFunded's four accounts side by side: Which account should I choose: 2-Step, 1-Step, Flash or Instant?.

All trading at EverFunded is simulated. The fee you pay is the money at risk. Rewards are discretionary and never guaranteed.