Account terms
Evaluation account A simulated account you use to prove your edge. Reach the profit target without breaching a limit and you qualify for a funded account. No time limit.
Funded account (simulated) The account you receive after passing. The capital is simulated, so no real money is deposited or held. CoinProp pays your profits from its own operations based on your performance. You keep 80%, or 95% with the Reward Split add-on.
Signature One of the two evaluation types. 9% profit target, 6% Max Loss Limit, 3% Daily Loss Limit, minimum 2 qualifying trading days to pass. Extended Drawdown and Reward Split add-ons both available.
Booster The other evaluation type. Same 9% profit target, but a tighter 3% Max Loss Limit matching the 3% Daily Loss Limit, and no minimum trading days. Only the Reward Split add-on is available. Extended Drawdown is not offered on Booster.
Order types
Market order Executes immediately at the current market price. Charged 0.03% per side plus a slippage fee.
Trigger order Sits inactive until price reaches a level you set, then fires as a market order. It is not a limit order and does not rest on the order book. Charged the same 0.03% per side.
Order history A full record of every order you have placed, filled, cancelled or rejected, in your CPX dashboard.
Cross margin Your whole account balance is shared across all open positions. More flexible, but one bad position draws on the same pool as the rest.
Isolated margin Each position gets a fixed slice of margin, separate from the rest of your account. Tighter risk control per trade.
Reverse Closes your current position and opens an equal one in the opposite direction in a single action.
Partial close Closing part of an open position while leaving the rest running, for scaling out in stages.
P&L terms
Realized P&L Profit or loss from trades you have already closed. The consistency rule tracks realized profit only.
Unrealized P&L Profit or loss on positions still open. It counts toward breach checks, so an open losing trade can breach your account before you close it.
Equity Your balance plus unrealized P&L. Your real-time account value, and what every breach check is measured against.
Balance Your account value from closed trades only. Does not include open position P&L. The profit target is measured on balance.
Drawdown terms
Max Loss Limit (MLL) A permanent floor your equity cannot touch, set once at account creation and never moved. On Signature it is 6% below your initial balance, so a $10,000 account has a floor of $9,400 forever. On Booster it is 3%, making that floor $9,700. Profits and payouts never move it.
Daily Loss Limit (DLL) A fixed dollar amount equal to 3% of your initial balance. The dollar amount never changes for the life of the account. What moves is the floor it creates: at every 00:00 UTC rollover the system takes your equity and subtracts that fixed amount to set your floor for the day.
Example on a $10,000 account: the DLL is $300, always. If your equity at rollover is $10,800, your floor for that day is $10,500. If it is $10,000, your floor is $9,700. The $300 does not grow as your account grows.
Static drawdown A floor anchored to your starting balance that never rises with profit. CoinProp uses static drawdown for the Max Loss Limit, so a winning streak never tightens your absolute floor.
Breach Your equity reaching or falling below either limit. All open positions close, the account is permanently disabled, and profit still in it cannot be withdrawn. Breaches are permanent, with no resets.
Daily rollover What happens at 00:00 UTC every day, weekends included. CoinProp snapshots your live equity, including unrealized P&L on any open position, and sets your DLL floor from it for the next 24 hours.
Trading terms
Leverage Trading with more size than your balance. Adjustable in CPX from 1x up to the maximum for that pair, the same as on an exchange. Maximums are 5x on BTC, ETH and SOL, and 2x on altcoins, commodities and stocks.
Perpetual contract (perp) A futures contract with no expiry that tracks the underlying asset and can be held indefinitely. CoinProp uses Bybit perpetuals liquidity for every pair.
Spread The gap between the buy and sell price. CoinProp adds no artificial spread and no markup. You are filled at the tick you see, and the real cost of crossing the book is charged separately as a slippage fee.
Slippage fee A variable fee charged on every fill, sized from live Bybit order book depth and your position size. It represents what your order would have cost in a real market by walking the book. Unnoticeable on majors, larger on thin pairs, big positions and extreme events. Shown before you execute.
Funding The mechanism that keeps a perpetual's price aligned with spot. CoinProp mirrors Bybit's rates and calculation, applied at the close of the position. It can be paid to you or charged to you depending on your side and the rate. Only applies if you hold through a funding interval.
Swap fee Not charged on CoinProp. Funding is the perpetual futures equivalent.
Margin and fees
Margin The collateral set aside to open and hold a leveraged position. Not the full position value. Margin is what the qualifying trading day threshold is measured on.
Notional value The full size of your position in dollars after leverage. Trading fees are calculated on notional value.
Trading fee A flat 0.03% of notional value per side, on both market and trigger orders. There is no maker rate on CPX because there are no resting limit orders. Fees apply on open and close, so a round trip costs two.
Evaluation terms
Profit target The gain required to pass. 9% of your starting balance on both Signature and Booster, measured on balance, so trades must be closed. It rises to 10% with the Extended Drawdown add-on on Signature. Funded accounts have no profit target.
Qualifying trading day A day that counts toward your day requirement. It counts on the UTC day you close the position, and needs three things: the position held at least 1 minute, margin committed of at least 5% of your initial balance, and total realized PnL for that day moving the account by at least 0.3% of initial balance in either direction. A losing day counts.
Minimum trading days Signature requires 2 qualifying trading days to pass. Booster has no minimum, so it passes the moment the profit target is reached.
Inactivity If no trades are placed for 90 consecutive days the account is closed. Applies to both evaluation and funded accounts.
KYC Identity verification through Veriff, required before your funded account is activated. Not required to purchase an evaluation or to trade one.
Funded account terms
Profit split The share of profits you keep. 80% by default, 95% with the Reward Split add-on, which must be bought before the evaluation starts.
Consistency rule A payout eligibility condition, not a breach condition. On Signature your best single day must not exceed 50% of total realized profit. On Booster it must be under 40%. Failing it blocks the payout request only. Your account stays open and you keep trading until the ratio rebalances.
Payout Withdrawing profit from your funded account. On demand once you meet eligibility: 5 qualifying trading days, the consistency rule met, at least $50 available, and no active breach. Paid in USDC on-chain, processed the same business day.
Payout cap The maximum you can request in a single cycle. It is fixed by your account size and evaluation type and does not increase with track record or number of payouts taken. Signature runs $250, $500, $1,250, $2,500 and $5,000 across the five tiers. Booster runs $250, $500, $1,000, $2,000 and $3,000. Profit above the cap rolls into the next cycle.
Extended Drawdown A Signature-only add-on that raises the Max Loss Limit to 7% and the Daily Loss Limit to 4%, with the profit target rising to 10% to match. Not available on Booster.
Reward Split An add-on available on both evaluation types that raises your profit split from 80% to 95%. Carries through to the funded account automatically.
