What Happens After You Pass a Prop Firm Evaluation?
Passing a prop firm evaluation is a huge accomplishment, but many traders arent sure what comes next. This article explains what to expect after youve cleared your prop firms challengeincluding onboarding, funding agreements, risk management, and what you need to do to start trading real capital successfully.
Onboarding and Paperwork
- Youll typically receive a congratulations email with an onboarding checklistthis includes uploading ID, signing contracts, and sometimes recording a video verification.
- Read all agreements carefully, especially sections about profit split, payout timing, risk rules, and ongoing fees.
Getting Your Funded Account
- Once verified, youll receive funded account login credentials and platform instructions. Make sure youre comfortable with any new trading platform or dashboard features.
- Funded accounts may have stricter or new rules compared to the evaluation. Print the updated rulebook and keep it handy.
Risk Management in the Funded Phase
- Stay within all drawdown and daily loss limits; breaches can forfeit your profits and end your contract.
- Use smaller position sizes initially as you adapt to the live environment.
Payouts and Scaling Up
- Most firms pay out weekly or monthly after you reach a profit threshold. Review payout instructions in your dashboard.
- Some firms offer scaling planshit milestones and your capital allocation increases. Track your progress and plan your trading accordingly.
Common Pitfalls to Avoid
- Ignoring new risk rules or platform changes.
- Rushing to withdraw profits instead of building a solid performance record.
- Neglecting to journal trades and review performance in the funded phase.
By following onboarding instructions carefully and staying disciplined, youll be well positioned to grow your account, receive regular payouts, and enjoy the benefits of being a funded trader. For a detailed checklist and funding agreement tips, visit Prop Firm Press.