Evaluation rules
Published rules. Same for everyone.
FundedSmart offers Instant, One Step, and Two Step simulated evaluations for Indian Markets. Loss limits and prohibited activities are published upfront on every plan — read them before you start.
FundedSmart evaluations take place in a simulated trading environment. These rules are binding. Passing an evaluation does not guarantee rewards. See our Risk Disclosure for full details.
Plan types at launch
Support and traders: cite rules by clause ID (section number + letter), e.g. “Refer to Rules 7.C” or “See 9.C”.
1. Plan types
1.A Instant — Journey: funded stage from day one. Profit target: none. Min trading days: 4 profitable days.
1.B One Step — Journey: Evaluation → Funded. Profit target: 10%. Min trading days: 4.
1.C Two Step — Journey: Phase 1 → Phase 2 → Funded. Profit targets: 8% then 5%. Min trading days: 4 per phase.
1.D Shared operations notes — Loss limits vary by plan (see clause 3). Daily loss resets at midnight UTC. 30-day inactivity applies. Prohibited activities in clause 7 apply to every plan.
1.E Instant loss limits (summary) — Max overall drawdown 5% trailing; daily loss 3%.
1.F One Step loss limits (summary) — Max overall drawdown 8% static; daily loss 4%.
1.G Two Step loss limits (summary) — Max overall drawdown 10% static; daily loss 5%.
See Challenges for plan comparison and Pricing for tiers.
2. Profit targets (by plan)
2.A Two Step — Phase 1 — Profit target 8%, calculated from starting balance.
2.B Two Step — Phase 2 — Profit target 5%, calculated from Phase 2 starting balance.
2.C Two Step — Funded — No fixed profit target. Rewards per Rewards Policy.
2.D One Step — Evaluation — Profit target 10%, calculated from starting balance.
2.E One Step — Funded — No fixed profit target. Rewards per Rewards Policy.
2.F Instant — No profit target; funded-stage rules apply from purchase.
2.G Successful active day — Counted when your realized PnL for the day is at least 0.5% of start-of-day equity.
2.H Example (₹10 Lakh account) — One Step profit target = ₹1,00,000 above starting balance. Two Step Phase 1 profit target = ₹80,000.
3. Loss limits
3.A General drawdown rule — Your account must not fall more than the plan’s max drawdown percentage under the published drawdown type for the current stage.
3.B Instant max overall drawdown — 5%, type trailing, applies to funded stage from day one.
3.C One Step max overall drawdown — 8%, type static, applies to evaluation and funded stage.
3.D Two Step max overall drawdown — 10%, type static, applies to Phase 1, Phase 2, and funded stage.
3.E Trailing drawdown (Instant) — The limit follows equity highs according to Instant’s published trailing rule.
3.F Static drawdown (One Step and Two Step) — The limit is fixed from the phase/stage starting balance (not trailing).
3.G Drawdown example (₹10 Lakh account) — Illustrative floor at starting balance is ₹9,50,000 (Instant 5%), ₹9,20,000 (One Step 8%), or ₹9,00,000 (Two Step 10%). Instant’s trailing floor can move as equity makes new highs — confirm live limits in your dashboard.
3.H Daily loss — general — You must not lose more than the plan’s daily loss percentage of your starting balance in a single trading day.
3.I Instant daily loss limit — 3% (equity-based).
3.J One Step daily loss limit — 4% (equity-based).
3.K Two Step daily loss limit — 5% (equity-based).
3.L Daily loss calculation — Calculated on equity; unrealized (floating) P&L from open positions counts.
3.M Daily loss reset — Resets daily at midnight UTC (00:00–23:59 UTC server day).
3.N Daily loss example (₹10 Lakh account) — Maximum daily loss = ₹30,000 (Instant), ₹40,000 (One Step), or ₹50,000 (Two Step) from the day's starting equity.
3.O Equity definition — Equity means your account balance plus or minus unrealized profit/loss on open positions.
4. Time and activity rules
4.A Instant — minimum trading days — 4 profitable days.
4.B One Step (evaluation) — minimum trading days — 4.
4.C Two Step (evaluation) — minimum trading days — 4 per phase.
4.D Funded stage — minimum trading days — not applicable (—).
4.E Maximum time to pass — Instant: N/A. One Step and Two Step evaluations: Unlimited.
4.F Inactivity expiry — 30 days on Instant, One Step, Two Step, and Funded.
4.G Trading day definition — A trading day = at least one trade opened during a server day (midnight-to-midnight UTC).
4.H Instant profitable day — For Instant, you must complete 4 profitable trading days. A “profitable day” means your end-of-day equity is above that day’s starting equity (equity-based; open P&L counts).
4.I Inactivity consequence — If you do not open any trades for 30 consecutive days, your account expires. There is no hard deadline to hit your profit target — take the time you need, but stay active.
5. Indian Markets instruments
5.A Simulation posture — Public Indian Markets evaluations use major Indian index products in a simulated environment.
5.B NIFTY — Included among primary simulated instruments.
5.C BANKNIFTY — Included among primary simulated instruments.
5.D FINNIFTY — Included among primary simulated instruments.
5.E Sensex — Included among primary simulated instruments.
5.F Related Indian F&O — Related Indian F&O products offered on your account may also be available.
5.G Symbol availability — Exact tradable symbols are those shown in your trading dashboard and may change. FundedSmart is not a broker and does not provide live exchange access. Confirm availability via Contact before purchase if you need a specific contract.
6. Position and hedging rules (funded stage)
6.A Max position size — One Step & Two Step — 70% of account size.
6.B Max position size — Instant — 50% of account size.
7. Prohibited activities
The following result in an immediate hard breach (account failed) unless noted:
7.A Copy trading / trade copiers — Prohibited — hard fail.
7.B Third-party copy bots — Prohibited — hard fail.
7.C News trading — Prohibited — hard fail (see clause 9).
7.D Option selling — Prohibited at all times on all plans and phases, including funded accounts.
7.E Arbitrage / latency abuse — Prohibited — hard fail + permanent ban.
7.F Tick scalping / platform abuse — Prohibited — hard fail.
7.G Martingale / grid abuse — Prohibited if deemed exploitative — hard fail (discretionary review).
8. Allowed with conditions
8.A Expert Advisors (EAs) / bots — Allowed if the strategy is your own; no third-party copy trading.
8.B Weekend holding — Allowed where the instrument and platform permit — confirm in your dashboard.
9. News trading restriction
9.A Scope — News trading is prohibited during all phases of the evaluation process, including funded accounts.
9.B Restricted action — Participants may not open or close any position during the restricted window surrounding a designated high-impact market event.
9.C Restricted window — 10 minutes before → 10 minutes after the scheduled event time.
9.D High-impact events — include, but are not limited to, the events in 9.E through 9.L.
9.E RBI Monetary Policy Committee (MPC) announcements.
9.F India Consumer Price Index (CPI) releases.
9.G India Wholesale Price Index (WPI) releases.
9.H Index of Industrial Production (IIP) data.
9.I Gross Domestic Product (GDP) releases.
9.J Union Budget announcements.
9.K Major election results and other significant political events.
9.L Any other event designated by FundedSmart as high impact.
9.M Enforcement — FundedSmart continuously monitors these events and automatically enforces the restricted trading window. Any trades opened or closed during the restricted period may be considered a violation of the trading rules.
10. What happens if you break a rule?
10.A Hard breach — Account failed immediately; account closed; pay a reset fee to start again.
10.B Policy violation — Permanent ban; no refund (e.g. arbitrage, copy trading, multi-account abuse).
10.C Soft warnings — There are no soft warnings at launch — breaches take effect immediately.
11. Other rules
11.A One active evaluation per person — KYC enforced at rewards stage.
11.B Multi-account abuse — Permanent ban.
11.C Consistency rule — None (not applied on Instant, One Step, or Two Step).
11.D Rule updates — Rules may be updated; material changes will be communicated before they take effect.