Step 1: Choose an Evaluation
The trader selects a challenge plan based on virtual balance, fee, performance target, drawdown rules, and evaluation structure.
Step 2: Trade Within the Rules
The trader must follow daily loss limits, maximum drawdown, minimum trading requirements, and any instrument or strategy restrictions.
Step 3: Reach the Performance Target
The performance target must be reached without breaking rules. Reaching the target through oversized risk may create failure or review concerns.
Step 4: Complete Review
After the challenge, the account may be reviewed for risk behaviour, consistency, rule compliance, payment status, and account status.
Step 5: Move to Review Stage
A trader may become eligible for funded-stage or reward review only after meeting the required conditions. Approval is not automatic.
Step 6: Submit a Reward Request When Eligible
Reward requests depend on eligible performance, account review, KYC, verification, and reward rules. Where approved, eligible performance rewards may be shared 80/20: 80% to the trader and 20% to TradeIQ Capital.
Common Mistakes Traders Make
Common mistakes include ignoring drawdown limits, overtrading, increasing position size after losses, and assuming reward approval is automatic.
Is an Evaluation Right for You?
An evaluation may suit disciplined traders who understand risk and can follow rules. It is not suitable for traders looking for shortcuts, signals, or assured income.
FAQ
Choose a challenge, follow the rules, reach the target, and complete review requirements.
Beginners should be careful and join only if they understand risk limits and rule compliance.
Requirements usually include performance target completion, no rule breach, minimum days, review, KYC, and verification.
You can lose the evaluation access fee and account access if rules are breached or the evaluation fails. Virtual balances are not user funds.
Related TradeIQ Capital pages
Prop Trading Basics
What Is a Prop Firm?
Legal and Risk