What Happens After You Pass a Prop Firm Challenge?

You passed. Here is what happens next

Passing the evaluation is the moment most traders focus on. The steps after it can then arrive as a surprise: a contract to sign, an identity check, a new set of rules and a payout process with its own conditions. None of it is complicated, but knowing it in advance avoids a costly mistake: trading the funded account as if the evaluation rules still applied.

This guide follows the path at Funded With Forex, step by step.

Step 1: the pass is confirmed

The Vera Charts engine tracks every rule on every fill, so a pass is recorded automatically once you reach the profit target inside the rules with the minimum trading days met. Your dashboard then shows the step to claim your funded account.

On the 2 step, a Phase 1 pass does not lead straight to a funded account. Phase 2 is provisioned automatically on the same purchase, with no second payment, and the funded account follows a Phase 2 pass.

Step 2: sign the Funded Trader Agreement

The funded account comes with a written agreement. It sets out the rules, the payout terms and the prohibited conduct, and it is worth reading properly rather than scrolling to the signature. A few points traders tend to miss:

• The account is simulated. Payouts are performance based incentive payments funded from company operating capital, based on simulated results. No customer funds are deposited or traded.
• Automation needs permission. Bots, expert advisors, scripted execution and AI assistants that place or manage trades are prohibited unless expressly permitted in writing.
• Accounts must stand alone. Hedging between your own accounts, or copying trades between a funded account and an external account to hedge real exposure, voids the account.
• One person, one identity. Account sharing and accounts opened on behalf of someone else are prohibited.

A copy of the version you signed is kept on your account, so you can always read exactly what you agreed to.

Step 3: verify your identity

Identity verification happens once. Before your first payout we also need a tax form (a W-9 or W-8BEN, as applicable) and a payout method: Wise, ACH, bank wire or USDC. Completing all three as soon as you pass means your first payout request is not held up by paperwork.

Step 4: the funded account goes live

Your funded simulated account is provisioned within 24 hours of passing. The dashboard switches over automatically and your credentials arrive by email. You trade it on the same Vera Charts platform you used for the evaluation, in the browser, with nothing to install.

The rules change, so read them again

This is the step that catches people out. The funded account runs on different rules from the evaluation:

• No profit target. There is nothing left to pass. You trade for as long as you respect the loss limits.
• A 4% daily loss limit of day open equity. That is more room than the one step's 3%, and less than the 5% you had in both phases of the 2 step.
• A 6% static max loss. The floor is fixed below your starting balance and never trails your profits.
• No consistency rule. One strong day can be your whole month.
• No minimum trading days for the account itself, although payouts have their own qualifying days.
• A breach ends the account. Reaching either loss limit terminates it. A discounted reset is available if you want to work your way back.

If you passed the 2 step, the tighter daily limit is the change to plan for. If you passed the one step, the extra room is welcome, but it is not an invitation to double your size. The habits that passed the evaluation are the ones that keep a funded account alive. Our drawdown rules guide and our explainer on how daily loss limits are calculated cover the mechanics.

Step 5: earn payout eligibility

You can request a payout once you have:

• At least 5 qualifying days, where a qualifying day has $250 or more of net realized profit on that account. Weekend and market holiday days never count.
• No daily loss breach anywhere in the cycle.
• A positive net profit for the cycle.

Each request then has three limits:

• A minimum of $125.
• Up to 50% of that cycle's profit.
• A cap per request by account size: $1,000 on a $25K, $1,500 on a $50K, $2,000 on a $100K and $2,500 on a $150K.

Your 90% share is applied to the approved amount after those limits.

A worked example: a $100K funded account

• The cycle: five trading days of +$400, +$300, +$600, +$250 and +$450. All five qualify. Cycle profit is $2,000.
• The largest request is 50% of $2,000, which is $1,000. That is above the $125 minimum and below the $2,000 cap.
• Your 90% share of $1,000 is $900.

The rest of the cycle's profit stays in the account. That matters, because after your first completed payout the max loss floor moves up to your starting balance, $100,000 in this example. From then on the account has to stay above the balance it started with, and the profit you left in it is your cushion.

Step 6: request, review, get paid

Request the payout from your dashboard. From the moment you submit, the account is locked for trading until the request is completed, rejected or cancelled, and any open positions are closed at submission. Request when you are flat, or happy to be.

Requests are reviewed and approved daily, checked against the eligibility snapshot taken when you submitted. Once a request is approved, the money goes out by the method you set, and the account equity is adjusted on the next cycle. The payouts page has the full policy.

Taxes

Payouts are incentive income, not investment returns. US based traders who receive $600 or more in a calendar year get a 1099. We never store your full tax ID, only the last four digits.

The mindset shift

The evaluation rewards reaching a target. The funded account rewards staying in the game and getting paid regularly. Without a target there is no finish line to sprint toward, and a trader who keeps sprinting is more likely to find the loss limit than the next payout. Trade the same size, request payouts when you are eligible, and let the qualifying days build. Our realistic math on what funded traders make shows why steady beats spectacular.

How this compares

Firms differ most after the pass: in the split, the payout schedule and what happens to your floor. FundingPips advertises a split of up to 95% with payouts on a bi-weekly cycle, per FundingPips' published rules (verified 2026-08-10), which beats our 90%. FTMO advertises up to 90%, per FTMO's published rules (verified 2026-08-10). Our FundingPips comparison and the other comparison pages set the rules side by side, including where the other firm is stronger.

Common questions

How long until my funded account is ready? Within 24 hours of passing.

Do I pay again for the funded account? No. There is no activation fee, and on the 2 step there is no second payment for Phase 2 either.

Is there a consistency rule on the funded account? No. It only applies during evaluations.

When can I request my first payout? After at least 5 qualifying days of $250 or more in realized profit with no daily loss breach in the cycle, and once your identity, tax form and payout method are on file. Every rule for every account size is on the funded forex account guide.