Account Terms
Evaluation Account A simulated trading account you use to prove your edge. Hit the profit target without breaching any limits and you qualify for a funded account. No time limit.
Funded Account (Simulated) The account you receive after passing the evaluation. Your capital is simulated — no real money is deposited or held. CoinProp pays your profits from its own operations based on your performance. You keep 80% of what you make (upgradeable to 95%).
Order Types
Order Any action you take to open, modify, or close a trade. Every instruction you send to the market — whether to buy, sell, set a stop loss, or take profit — is an order. Orders are logged in your order history regardless of whether they were filled or cancelled.
Order History A full record of every order you have placed — filled, cancelled, or rejected. Found in your CPX dashboard. Useful for reviewing your activity, understanding your fills, and tracking fees paid.
Market Order An order that executes immediately at the current market price. You get filled right away, but you pay a slightly higher fee for the immediacy. On CoinProp, market orders are charged a taker fee of 0.03%.
Limit Order An order you place at a specific price. It only fills when the market reaches that price. You're providing liquidity to the market, so you pay a lower fee. On CoinProp, limit orders are charged a maker fee of 0.01%.
Stop Order An order that triggers once price hits a certain level, then executes as a market order. Commonly used to cut losses or protect profits automatically.
Cross Margin A margin mode where your entire account balance is shared across all open positions. If one position runs into losses, it draws from the same pool as your other trades. Offers more flexibility but means a single bad position can impact your whole account.
Isolated Margin A margin mode where each position is allocated a fixed amount of margin, separate from the rest of your account. If that position is liquidated, only the isolated margin assigned to it is lost — your other positions and remaining balance are unaffected. Gives you precise risk control per trade.
Reverse Closing your current position and immediately opening an equal position in the opposite direction in a single action. If you are long 1 BTC, reversing flips you to short 1 BTC. Saves time compared to manually closing and re-entering. Available directly from the CPX terminal.
Partial Close Closing only a portion of an open position while keeping the rest running. For example, closing 50% of a long position to lock in some profit while leaving the remainder open. Useful for scaling out of trades in stages.
Partial TP / SL Setting a take profit or stop loss that applies to only part of your position, not the full size. Allows you to lock in profit or limit loss on a portion of the trade while managing the rest separately. Works alongside partial close logic in the CPX terminal.
P&L Terms
Realized P&L Profit or loss from trades you have already closed. This is money you've locked in. The consistency rule on funded accounts tracks realized profits only.
Unrealized P&L Profit or loss from positions still open. It fluctuates with the market in real time. Important: drawdown breach checks include unrealized P&L — an open losing trade can breach your account before you close it.
Equity Your account balance plus any unrealized P&L from open positions. This is your real-time account value. All drawdown breach checks are based on equity, not just your cash balance.
Balance Your account value based on closed trades only. Does not include open position P&L.
Drawdown Terms
Drawdown How far your account has dropped from a reference point. A measure of loss — the deeper the drawdown, the more you've lost from that level.
Max Loss Limit (MLL) The absolute floor your account equity cannot touch. On CoinProp, this is fixed at 6% below your initial account balance and never moves. If your live equity hits this level at any point, the account is breached immediately.
Example: $10,000 account → floor is always $9,400, from day one to your last trade.
Daily Loss Limit (DLL) The maximum your account equity can drop in a single trading day before the account is breached. On CoinProp, the DLL is 3% of your live equity at the 00:00 UTC daily rollover snapshot.
This resets every day. Each new trading day starts with a fresh DLL anchored to wherever your equity stood at rollover — open positions included. The breach check runs in real time throughout the day using live equity, which also includes unrealized P&L from any open positions.
Example: Your equity at 00:00 UTC is $10,800. Your DLL for that day is $324 (3% of $10,800). If your live equity drops by $324 at any point before the next rollover, the account is breached.
Static Drawdown A drawdown floor that is fixed to your starting balance and never moves up, regardless of profits made. CoinProp uses static drawdown for the Max Loss Limit on all accounts. Simple and predictable — you always know exactly where your absolute floor is.
Breach When your account hits a limit it cannot recover from — either the MLL or the DLL. The account is closed. You can purchase a new evaluation to start again.
Daily Reset Terms
End of Day (EOD) The moment the trading day officially resets on CoinProp — 00:00 UTC, every day including weekends. At this exact moment, a snapshot of your live account equity is taken and used to anchor your Daily Loss Limit for the next 24 hours.
Daily Rollover What happens at 00:00 UTC every day. CoinProp takes a snapshot of your live equity — your balance plus any unrealized P&L from open positions at that exact moment. That number becomes the anchor for your DLL for the next 24 hours.
Open positions count. If you're holding a trade at rollover with unrealized profit, your DLL for the next day is calculated from a higher starting point. If you're in a losing position at rollover, your DLL is calculated from a lower one.
Example: Your balance is $10,000 but you're holding an open trade with +$500 unrealized P&L at 00:00 UTC. Your equity snapshot is $10,500. Your DLL for the next 24 hours is 3% of $10,500 — meaning you cannot lose more than $315 that day.
Trading Terms
Leverage Trading with more size than your actual balance. If you have $10,000 and use 5x leverage, you're controlling a $50,000 position. Amplifies both gains and losses. On CoinProp: 5x for BTC, ETH, SOL — 2x for all other altcoins.
Position An active trade. A long position profits when price goes up. A short position profits when price goes down.
Long Buying an asset expecting the price to rise. You profit if it goes up.
Short Selling an asset you don't own, expecting the price to fall. You profit if it goes down. On CoinProp, shorting is done through perpetual contracts.
Perpetual Contract (Perp) A type of futures contract with no expiry date. It tracks the price of the underlying asset and can be held indefinitely. CoinProp uses Bybit perpetuals liquidity for all trading pairs.
Liquidation When a position is forcibly closed because losses have consumed the margin. On CoinProp, the MLL and DLL will breach the account before a full liquidation typically occurs — acting as your safety net.
Spread The gap between the buy price and the sell price of an asset. CoinProp does not charge an artificial spread — you trade directly on Bybit perpetuals liquidity.
Swap / Funding Fee A fee charged on some platforms for holding positions overnight, used to keep perpetual contract prices aligned with spot. CoinProp does not charge swap or funding fees.
Margin & Fees
Margin The amount of your balance set aside as collateral to open and hold a leveraged position. You are not spending the full position value — margin is what the platform holds as a deposit against potential losses.
Used Margin The total margin currently locked across all your open positions. This capital is reserved and cannot be used to open new trades until the positions are closed.
Available Margin The portion of your balance not currently tied up in open positions. This is the maximum you can use to open new trades right now. As you open more positions or your equity drops, available margin decreases.
Maker Fee A fee charged when your limit order is placed on the order book and filled later — you are "making" liquidity for other traders. On CoinProp, the maker fee is 0.01% of your position's notional value.
Taker Fee A fee charged when your order fills immediately against existing orders — you are "taking" liquidity from the market. On CoinProp, the taker fee is 0.03% of your position's notional value.
Fees apply on both open and close. No swap fees or funding fees are charged on CoinProp.
Example: Opening and closing a $10,000 BTC position with market orders (taker) → $3 to open + $3 to close = $6 total in fees.
Evaluation Terms
Profit Target The gain required to pass the evaluation. On CoinProp, this is 9% of your starting balance.
Minimum Trading Days You must trade on at least 2 separate days during the evaluation, with at least one open position each day.
Inactivity If no trades are placed for 90 consecutive days, the account becomes ineligible for the funded phase.
KYC (Know Your Customer) Identity verification required before your funded account is activated. Standard compliance process.
Funded Account Terms
Reward/Profit Split The percentage of profits you keep. Default is 80%, upgradeable to 95% with the profit split add-on.
Consistency Rule Your single best trading day cannot account for more than 50% of your total realized profit at the time of a payout request. Applies to funded account payouts only — not to evaluations. If the ratio is too high, you keep trading until it rebalances. Your account is not breached.
Example: $1,000 total profit, best single day $400 → 40% → rule met ✓ Example: $1,000 total profit, best single day $600 → 60% → keep trading to rebalance ✗
Payout Withdrawing your profits from your sim funded account. Payouts are on-demand once you meet eligibility: 5 trading days completed, consistency rule satisfied, minimum $50 available, and payout buffer maintained. Processed same business day in USDC, BTC, or ETH.
Payout Cap The maximum amount you can withdraw in a single payout request. The cap increases as you build a track record with CoinProp — earlier payouts have lower caps, later payouts unlock higher amounts. This rewards consistent traders and scales your withdrawals alongside your proven performance.
Trading Day A day on which at least one trade is opened and closed.
