Plain answers.
No fine-print archaeology.

An evaluation is a simulated futures account with a profit target and a loss floor. You pay a one-time fee, trade it on live CME market data, and if you reach the target without ever touching the floor, we provision a funded account on the same rules. It's an audition where the script is published in advance — nothing is hidden and nothing changes after you start.

Your loss floor trails your end-of-day balance — never your intraday high. Worked example on the 100K PRO (start $100,000, max loss $3,000):

• Day 0 — floor starts at $97,000 (start minus $3,000).
• Day 1 — you close at $101,800. New floor: $98,800.
• Day 2 — you spike to $103,000 intraday but close at $100,900. The floor does not move — intraday highs never count against you. It stays at $98,800.

Touch the floor at any moment and the account is breached. Because the floor only ratchets at the close, you can give back an open winner without being liquidated by your own high-water mark — the failure mode intraday-trailing firms are built around.

A cap on how much you can lose in a single session before the account locks until the next trading day. Pro and Direct accounts carry a DLL sized to the account (the 25K has none; 100K PRO is $1,800). Flex accounts have no DLL at all — the EOD trailing floor is the only risk rule. Hitting a DLL is a timeout, not a breach.

Evaluations require 1trading day minimum — meaning you can pass in a single session if your trading gets there. We don't stretch the eval to sell you more days. Direct has no evaluation at all.

A breach closes the evaluation. You can reset the same account for a discounted flat fee (for example $189 on the 100K PRO, before coupon) — fresh balance, fresh floor, same rules. Coupons including LAUNCH apply to resets too. Funded breaches close the funded account; earned payouts already approved are still paid.

Minimum request is $500. Your first payout is capped by account size (the 100K PRO first cap is $2,500, rising to $3,000 on later cycles). There are no payout windows — no "14th and 28th only" calendar games. Meet your cycle requirement, request any day, and the decision comes back in minutes.

On Pro, no single day may account for more than 40% of the profit in the payout cycle. Example: cycle profit $2,000, best day $900 — that's 45%, so you'd trade one more green day to dilute it below 40%. Direct is stricter at 20% (you skipped the eval, so the funded account carries the proof burden). Flex has no consistency rule. Failing it never voids profit — it only delays the request.

Flex swaps the consistency math for a simpler gate: 5 profitable days of at least $200 each per cycle (on the 100K FLEX). Show up, trade green, get paid — the trade-off for its 50 / 50 split.

Only at your first payout — never to buy an eval, never to trade. One identity verification, a few minutes, done once. We check identity when money moves out, which is the only time it matters.

ACH, crypto, and wire — you pick per request. Decisions come back in minutes; approved payouts are dispatched same-day. Crypto typically settles within hours, ACH in 1–2banking days, wires same or next business day depending on your bank's cutoff.

Yes — fully.CPI, FOMC, NFP, earnings-driven index moves: all tradeable. Volatility is the job. Our risk rules (EOD trailing floor, DLL where applicable) are designed to survive news, so we don't need to ban it and then breach you over a timestamp.

Short version — the full wording lives in the rulebook:

• Coordinated group passing or multi-account collusion
• Copy-trading anything beyond your own accounts
• Hedging the same exposure across accounts here or at another firm
• Exploiting simulated fill latency or feed artifacts
• HFT or automation without written approval
• Trading under someone else's identity
• VPN or geo-evasion to mask who or where you are

Everything else — any strategy, any session, any instrument we list — is fair game. Full prohibited-conduct section →

Up to 5funded accounts per household. Evaluations are not capped the same way, but the funded ceiling is firm — it's part of how we keep the payout pool honest for everyone.

Not for you. Rule-Lock means the rulebook is versioned and dated in public, and the version in force when you purchased is the version you're judged under. Improvements that benefit traders can be extended to existing accounts; restrictions never reach backward. Zero retroactive changes — it's the stat we print on the homepage.

R|Trader Pro is included free with every account. Also supported: Quantower, ATAS, Bookmap, Jigsaw Daytradr, Sierra Chart, and MotiveWave (platform licenses for third-party software are between you and the vendor). Our own orderflow platform — DOM heatmap, footprint, CVD — is in development and will be free for every member, funded traders first.

Live CME Group data — real quotes, real depth, not a delayed or synthetic feed. Non-professional data fees are included in your evaluation fee; there is no surprise data invoice after checkout.

Because we sequenced the work in the order that matters: the funding engine, the realtime dashboard, the payout rails, and the rulebook came first. The name, the mascot, and the YouTube ads come later. Launching nameless also does something useful — it filters for traders who read the rules instead of the logo. The founding cohort trades under the redacted mark and keeps founding pricing (LAUNCH, 40% off, standing) when the name arrives.

No — and no honest prop evaluation firm will tell you otherwise. All accounts, evaluation and funded, are fully simulated on live market data. Rewards are paid from company revenue as a business expense, not from customer trading losses routed to you. We publish this plainly here, in the rulebook, and in the footer of every page, because the firms that bury it are the ones you should worry about.