The evaluation consists of 1 stage that you must pass to become an Era Trade trader (a funded trader). A consistent trading system and sound risk management are essential to passing the evaluation. After you reach the 11% profit target, our risk management team manually reviews your entire evaluation period. The review takes up to 5 business days. If you violate any rule, all positions on the broker's platform are immediately closed, your account is closed, and your right to a payout is cancelled.
Stage 1
This stage tests your trading skills and defines you as a trader. In stage 1, you must reach an 11% profit target without exceeding a 4% daily drawdown or an 8% overall drawdown and without violating any other rules. You must also have at least 6 trading days.
After you reach the stage 1 target, your entire evaluation period undergoes a manual review by the risk management team.
After a successful review, Era Trade creates your funded account and provides the account details.
After you become an Era Trade trader:
You have the right to request a payout every 15 or 30 days (whichever you choose) after your first completed trade. An 80% / 20% profit split applies in your favor.