What is a profit target?
The gain you need to pass the evaluation, as a percent of the starting balance. 10% on a $50K account means getting to $55,000. Funded accounts have no target.
Daily loss, max drawdown, static vs trailing, hard vs soft breach and the rest, with how each firm we track applies them.
The gain you need to pass the evaluation, as a percent of the starting balance. 10% on a $50K account means getting to $55,000. Funded accounts have no target.
The most you can lose in one day. It's set from your balance or equity at the daily reset, and open PnL counts toward it at Vest, My Funded Perps and Tradeify 247. E8 sets it as a percent of the starting balance. A 3% limit on $50K is $1,500.
| Firm | Daily loss resets | Daily limit is set from | Hit the daily limit | Max drawdown |
|---|---|---|---|---|
| Vest | 8pm ET | Start-of-day balance | Account fails | Static |
| My Funded Perps | Midnight ET | Start-of-day equity | Account fails | Static, locks at starting balance after first payout |
| Tradeify 247 | 22:00 UTC | Previous day's closing balance, checked on live equity | Account fails. Soft breach is a paid add-on on evals | Static on 1-step and 2-step. Instant: trails your highest closed balance, locks at the start |
| E8 Markets | Not stated | Percent of starting balance | Account fails | E8 One: dynamic, locks at starting balance. E8 Pro: static |
A hard breach fails the account for good: positions get closed and there's no reset. A soft breach only stops you for the day. Some futures prop firms treat the daily loss as soft. At every firm we track, hitting the daily loss limit is a hard breach that burns the account. Tradeify 247 sells a soft-breach add-on for its evaluations.
The lowest your account can ever go. Touch it and the account fails. On a $50K account with 6%, the floor is $47,000.
Static is set once at the start and never moves. Trailing follows your highest balance or equity up, so profits raise the floor. E8 One's dynamic drawdown moves up only on closed profit, then locks at the starting balance once your closed profit equals the drawdown. Tradeify 247's instant accounts trail your highest closed balance, trade by trade, and lock at the starting balance.
Yes at Vest, My Funded Perps and Tradeify 247. The limits are checked against equity, which includes open positions. A trade that's down $1,600 on a $1,500 daily limit fails the account even if you never close it. E8's perps docs don't spell it out.
A cap on how much of your profit can come from one day or one trade. E8 One's funded accounts have a 40% best-day rule: no single day can be more than 40% of your total profit. Tradeify 247's instant accounts need a 20% consistency score: your best day can't be more than 20% of your total profit. None of the other plans we track list one, and none have a time limit.
At My Funded Perps, yes: 30 days with no trade fails an evaluation and 7 days closes a funded account. E8 needs at least one closed trade every 60 days, and Tradeify 247 closes an account after 30 days with no trade. Vest doesn't list an inactivity rule.
Depends on the firm. Hedging across your own accounts is banned wherever it's mentioned. Copying outside traders or services is banned at My Funded Perps. Tradeify 247 allows copy trading.
| Firm | News | Weekends | Bots | Copy trading | Hedging |
|---|---|---|---|---|---|
| Vest | Not stated | Index perps locked Fri 8pm to Sun 6pm ET | No API on funded accounts | Not stated | Not stated |
| My Funded Perps | Restricted news windows can apply | Not stated | API in beta | Only between your own accounts | Not across accounts |
| Tradeify 247 | Allowed | Allowed, markets open 24/7 | Allowed if you own the bot | Allowed | Not allowed |
| E8 Markets | Not stated | Not stated | Not stated | Not stated | Netting only, not across accounts |