A quick fit check
EverFunded may fit you if you want your trading measured against published rules on a simulated account, you can trade inside its published daily and overall loss limits, and you treat the fee as a cost you are prepared to lose. It is not a fit if you want to trade real capital, need a guaranteed income, or depend on a strategy our rules prohibit.
EverFunded may fit you if:
You want a simulated evaluation. Every account, balance and position is simulated. You are judged on how you trade against the rules, not on money you deposit.
You can trade within loss limits. Depending on the account, the max daily loss is 3% or 5%, and a Flash evaluation has none. The max overall loss is between 5% and 10%. These are hard lines, not targets.
You want no deadline to pass. There is no time limit to reach the target on 2-Step, 1-Step or Flash. Opening or closing a trade counts as activity, and so does a change in the profit or loss of a position you hold open. Signing in to your Dashboard or your platform does not. An account with no activity may be closed for inactivity, and we e-mail you first (Terms §5.7).
You see the fee as the cost of the service. The fee is the money at risk. See How much money can I lose with EverFunded?.
Your methods are permitted. You may automate with an Expert Advisor you built yourself (you may be asked to prove you own it), or use someone else's tool only to manage risk or execution. Off-the-shelf, purchased, rented or "challenge-passing" EAs are not allowed (Terms §10.3). There is no minimum trade duration, and no mandatory stop-loss, subject to our risk-management and trading rules. See Using EAs, bots and copy trading.
You accept that rewards are discretionary. A reward is paid only when payout conditions are met, and it is never guaranteed.
EverFunded is not a fit if you:
Want to trade real capital or have your trades placed in a real market. Nothing at EverFunded does that.
Need a guaranteed income, or would rely on rewards to cover living costs. Rewards are discretionary and never guaranteed.
Cannot afford to lose the fee. Passing is not guaranteed on any account.
Rely on a practice our rules prohibit. Exploitation, abusive trading practices and unreasonable risk-taking are prohibited, and so are copying other people's trades and letting someone else trade your account. Our Terms list examples (clause 11.1), and that list is illustrative, not exhaustive (clause 11.2). See Which trading practices are prohibited?.
Need to hold positions over weekends or holidays on a funded 1-Step, Instant or Flash account. On those accounts, open positions are closed and pending orders cancelled at the platform's Friday close before each weekend, and 30 minutes before each symbol's holiday close. This closes the positions, not the account, and is not a breach. Crypto symbols that trade 24/7 stay open, and holding overnight on weekdays is allowed on every account.
What fit means for each account
The loss limits are the first thing to compare, because they differ by account. The max daily loss is 5% on 2-Step and 3% on 1-Step, Instant and a funded Flash account; a Flash evaluation has no daily loss limit. The max overall loss is 10% on 2-Step, 6% on 1-Step and Instant, and 5% on Flash. Loss limits are hard lines, and trading towards a limit leaves less room for further losses.
Example: Trader A's worst normal day is a 2% loss. Trader B sometimes loses 4% in a day. Trader B's normal bad day would go past the daily limit on 1-Step, Instant and a funded Flash account, though not on 2-Step or during a Flash evaluation, which has no daily limit. In a Flash evaluation the same day would still use most of the 5% overall limit. Trader A fits every account on this measure. This is not a recommendation for either trader. It shows why fit depends on how you actually trade, and why comparing the limits comes before comparing prices.
Unsure about paying a full price first? Flash starts with a $0.99 entry payment at every size, and you pay the rest of the price for your size only if you pass. The rest is due within 14 days of the e-mail telling you that you passed. If it is not paid, the pass lapses, nothing is owed and the $0.99 is not refunded. This is not a debt, and nobody will chase you for it. Flash is a single attempt with no reset. Its add-ons, the profit split upgrade, Payout On Demand and swap-free, can be bought only with the second payment and apply only once the account is funded, and no discount code applies to Flash. Compare it with the other accounts first in Which account should I choose: 2-Step, 1-Step, Flash or Instant?.
Once funded, the conditions change. A funded account has payout conditions of its own, such as a minimum profit in each funded cycle, a news window and, on Flash, a best-day limit. See How an EverFunded funded account works.
Before you decide
EverFunded does not publish a pass rate, so we cannot rank the accounts by your chance of passing. Compare their requirements instead. See How many traders pass the Challenge?.
Where you live can affect whether you can buy. This article does not set eligibility; Who can join EverFunded? does. For fit, what matters is whether you can trade inside the loss limits of the account you choose.
Is a prop firm worth it? We cannot answer that for you, and we will not suggest it will pay for itself. Decide whether the rules suit how you trade and whether you are comfortable losing the fee.
If you are unsure whether a strategy you use is allowed, ask before you buy rather than after. Message us through the Messenger or at [email protected] and describe the strategy. Do not send passwords or card details.
Related articles
Next step
Choose a route: Which account should I choose: 2-Step, 1-Step, Flash or Instant? puts 2-Step, 1-Step, Flash and Instant side by side.
All trading at EverFunded is simulated. The fee you pay is the money at risk. Rewards are discretionary and never guaranteed.