Every rule. Every fee. In plain language.

We believe traders should understand exactly what they are signing up for. Below you'll find our complete evaluation process, rules and policies — written in plain English, with no hidden clauses.

Evaluation process

Our evaluation consists of two structured phases followed by a funded account:

Phase 1 — Challenge: Reach an 8% profit target while respecting risk limits. No time limit.
Phase 2 — Verification: Reach a 5% profit target with the same rules to confirm consistency.
Funded account: After both phases, trade a simulated funded account and receive payouts.

Trading rules

Profit target (Phase 1)10% of initial balance

Profit target (Phase 2)5% of initial balance

Maximum daily loss4% of initial balance

Maximum overall loss8% of initial balance

Consistency ruleNo single day > 30% of total profit

Minimum trading days3 days per phase

Maximum trading daysNo limit

LeverageUp to 1:50 (varies by asset class)

Weekend holdingNot allowed

News tradingRestricted (2 min window)

EAs & algorithmsAllowed (must be your own strategy)

Profit split

Funded traders receive an 80% - 20% profit split on the simulated funded account — traders keep 80% of the profits generated, while 20% is retained by PandaFunding. Fast Track accounts use a 60% - 40% profit split. The profit split is disclosed on your account card at all times.

Scaling plan

Every four consecutive profitable months (minimum 6% total return, no rule breach), your account allocation increases by 25%. Scaling continues up to a maximum simulated allocation of $2,000,000 per trader.

Payout schedule

First payout: any time after 14 days of live trading on the funded account.
Subsequent payouts: on-demand, no waiting period.
Processing time: 95% of payouts settle within 24 business hours.
Payout methods: bank transfer, USDT (TRC-20/ERC-20), and USDC.

Risk management

PandaFunding operates institutional-grade risk controls to protect trader accounts and the firm's capital pool. Positions exceeding risk thresholds trigger automated notifications, and repeated rule breaches result in account review by our risk desk.

Challenge fees

Challenge fees are disclosed in full on the challenges page before purchase. The fee is a one-time payment for account evaluation and includes access to the trading platform, analytics dashboard, and support. Fees are refunded with your first payout on the funded account.

Refund policy

You may request a full refund of your challenge fee within 14 days of purchase, provided no trades have been executed on the account. After trading begins, fees are refundable only through the first payout on a funded account. See the Refund Policy for full details.

Disallowed trading strategies

Exploiting demo server latency or price feed inaccuracies.
Copy trading is not allowed.
Group hedging (opposing positions across multiple accounts).
Any strategy designed to guarantee a profit without genuine market risk.

These restrictions exist to keep the environment fair for all traders. If you're unsure whether your strategy is permitted, contact our support team before you begin.