After you reach the profit target, the account does not move forward only because the profit number was reached. Era Trade first checks that all stage conditions and trading rules were met.
For 2-stage challenges
- After the Stage 1 profit target is reached and the account passes the check, you move to Stage 2.
- After the Stage 2 profit target is reached, the full evaluation period is manually reviewed by the risk-management team. The review can take up to 5 business days.
For 1-stage challenges
After the 11% profit target is reached and all required conditions are met, the full evaluation period is manually reviewed by the risk-management team. The review can take up to 5 business days.
After approval
If the review is successful, the next step is KYC. After KYC is approved, Era Trade creates the funded account and provides the account details.
If a rule violation is found during review, the stage or challenge may be rejected: open positions may be closed, the account may be switched to view-only or closed, and the right to move forward may be cancelled.
Important: reaching the profit target alone is not enough. Profitable-day, trading-day, drawdown, risk and all other rules must also be respected until the review is complete.
Instant accounts do not have a profit target. Eligibility is based on the Instant account minimum trading days, minimum profitable days, loss limits, 2% risk rule and 25% consistency rule.