Clear limits. Transparent evaluations. Professional risk management. Understand the rules that protect your account, support sustainable trading, and create a fair environment for every trader.
Choose the evaluation model that matches your trading style. Each program enforces the same institutional risk standards.
Disciplined trader evaluation with a phased progression model.
Faster funding path with stricter risk management.
Immediate funded access with tighter drawdown protection.
The daily max loss caps your maximum permitted loss from the higher of starting balance or peak equity at the previous daily reset. It applies to closed and floating P&L combined.
Resets occur at 00:00 server time. The limit exists to prevent emotional revenge trading and to enforce the kind of session-based risk discipline used on professional trading desks.
Breach the daily limit and the active evaluation closes. Stay within it, and you preserve capital to compound consistently — the single behavior shared by every funded trader.
The account max loss is the absolute floor your equity may not cross at any point during the evaluation or funded phase. It is a static threshold — calculated from the original starting balance and never adjusted upward by profits.
Once equity touches the account floor, the account is breached and closed. This static logic creates clean, predictable risk boundaries from day one through scaling.
CMC Markets Funded enforces a minimum of 3 trading days on Classic 2-Step and Direct 1-Step evaluations. Instant accounts have no minimum.
The requirement filters out gambling-style behavior and ensures evaluations reward edge, repeatability, and discipline rather than one oversized position.
Each day must contain at least one executed trade. Days are counted in server time and do not need to be consecutive.
Transparent splits, predictable schedules, scaling tiers that reward consistency.
First Payout
After 14 Days
Methods
Bank, Crypto, Wire
Currency
USD · EUR · GBP
Scaling
+25% every 4 months
These strategies undermine genuine risk management and are not permitted on any program.
Exploiting price differences across feeds or brokers to bypass risk.
Using delayed quotes or feed lag for guaranteed-profit entries.
Letting third parties trade your simulated capital or copy across accounts.
Offsetting positions across multiple accounts to avoid risk rules.
Strategies that depend on server-side latency rather than skill.
All-in martingale behavior inconsistent with risk-managed trading.
Classic Phase 1 has an 8% profit target.
Classic Phase 2 has a 5% profit target.
Classic is configured with a 5% max daily loss across all phases.
Classic is configured with a 10% max loss across all phases.
Classic uses Equity for max daily loss calculation and Fixed for max loss type.
Classic challenges feature 3 days of trading as a minimum to pass the base challenge. Of course, clients can choose the “no minimum trading days” add-on to remove that requirement.
Direct has two internal Match-Trader phases: Trader Evaluation and Profit Share. Customer-facing, that is a one-step evaluation followed by a simulated reward stage.
Direct Phase 1 has a 10% profit target.
Direct is configured with a 4% max daily loss across both phases.
Direct is configured with a 4% max daily loss across both phases.
Direct uses Equity for max daily loss calculation and Fixed for max loss type.
Yes. Direct Phase 1 is configured with 3 minimum trading days.
No. The Instant challenge products do not have a profit target configured.
Instant is configured with a 3% max daily loss.
Instant is configured with a 6% max loss.
Instant uses Equity for max daily loss calculation and Trailing Until Initial for max loss type.
Instant is configured at 70% trader / 30% firm. Buying an add-on can increase this split.
Fixed max loss means the maximum loss threshold does not trail upward as the account grows.
Trailing Until Initial means the maximum loss threshold can move up until it reaches the starting balance, then stops trailing.
All uploaded challenges use Equity as the max daily loss type.
Classic and Direct use Fixed max loss. Instant uses Trailing Until Initial.
No, there is no maximum time limit to complete any challenge.
Only if you buy the No Minimum Trading Days add-on on an eligible Classic or Direct challenge. Without that add-on, eligible evaluation products have a 3-day minimum.
Start your evaluation today and join thousands of disciplined traders scaling with CMC Markets Funded.
