Prop trading accounts
What is a Prop Evaluation / Combine Phase and what specific rules must a trader follow to unlock real capital allocations?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
The evaluation or combine phase requires hitting a profit target while respecting daily loss and drawdown limits on simulated data before funded allocation is offered.
How it works
Traders pay a fee to attempt the challenge; specific rules, targets, and time limits are set individually by each firm and are not standardized.
An example
A trader must earn $3,000 profit without breaching a $2,000 drawdown.
Risk & limitations
Rules differ by firm; verify current terms directly, as they change often.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.