FTMO Challenge 1-Step $100K vs FundedNext Stellar 1-Step $100K

A trailing drawdown level moves in one direction only. It follows the account upward as the reference figure it tracks makes new highs, and it stays where it is when the account falls. A losing day does not pull the level back down; the room between the current balance and the level simply shrinks. This is what people mean when they call it a ratchet. The consequence is that a run of gains followed by a return to the starting balance can leave an account close to breach even though it has not lost anything relative to where it began. Full explanation →

Leverage on an evaluation account expresses the maximum notional position size a trader may hold relative to the account's nominal balance. It is a ratio: for every unit of stated balance, the platform permits a position of some multiple of that unit. It functions as a ceiling imposed by the account settings, not an instruction or a default trade size. A trader operating far below the ceiling is unaffected by where the ceiling sits; the figure only becomes binding at the point an order would exceed it, at which stage the platform rejects or truncates the order. Full explanation →

A payout cycle is the interval that must elapse between the points at which a participant on a simulated funded account may request payment of their agreed share of the account's recorded gains. It is a structural term, not an administrative detail: two offers with identical profit splits can differ substantially in how frequently that split is actually accessible, and the cycle length interacts with every other rule, because a longer interval means more trading days during which a breach can end the account before any request becomes possible. Full explanation →

The profit split is the proportion of simulated gains recorded on a funded-stage account that the participant may request as a payment under the contract. The remainder stays with the firm. It is expressed as a share of the profit measured above a reference point — usually the highest balance already paid out from, or the starting balance of the stage — so gains that merely recover an earlier drawdown generally do not count toward a new request. The split applies only to the simulated performance the account is credited with; it is not a share of any external trading result and does not describe capital held by the participant. Full explanation →