Part 1 · lesson 1 of 3
You find out what the fee actually pays for.
About 5 minutes.
Whose numbers these are
You have not picked a firm yet. So the figures below come from one firm’s published rules. Each one is named and dated where it appears. Pick a firm and the same lesson runs on your own numbers.
evaluation
The paid try-out you have to pass before the firm will let you trade its money.
This is the thing you are buying. It is not an account yet, and passing it is not the same as being paid. Both of those come later and both have their own rules.This one comes back: What are you paying for when you buy an evaluation?
funded account
The account you trade after you pass. The rules on it are not always the same rules you passed under.
The account you get after you pass. Read its rules on the day you pass rather than before: several firms change the line, the daily limit, or both, at that moment.This one comes back: What can change on the day an evaluation becomes a funded account?