Funding models · Rookie
Three-step evaluation
Also searched as: 3-step, three phase
What does Three-step evaluation mean?
A three-step evaluation requires three assessment phases before progression to the next account stage. Each phase can have its own target and conditions.
Example
A trader completes phases one and two but must still satisfy phase three before qualifying for funded-stage onboarding.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
More phases do not automatically make a program easier or safer. Compare all targets, loss limits and fees together.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.