Phase 2
Phase 2 covers a Funding Models glossary entry, profiled by proprietarytrading.com.
Funding Models
Phase 2 is the verification stage of a two-step evaluation: lower profit target, same risk rules.
Phase 2 is the verification stage of a two-step evaluation. Profit target is typically 4–5% — half of phase 1 — while drawdown and risk rules stay the same. Passing phase 2 converts the account to funded status.
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