Funding models · Rookie
Two-step evaluation
Also searched as: 2-step, two phase
What does Two-step evaluation mean?
A two-step evaluation requires two assessment phases, usually with a separate profit target in each. Completing the first phase does not itself grant access to funded-stage rewards.
Example
A trader finishes a challenge and then trades a verification account.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Compare both phases and the funded-stage terms when estimating the program’s requirements.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.