This glossary defines key terms used across the Tradeify 247 Help Center. Understanding these terms will help you navigate our evaluation and funding programs.
⚠️ Daily Reset Time
The Tradeify 247 daily reset occurs at 22:00 UTC every day, including weekends. In Eastern Time this is 5:00 PM ET in winter (standard time) and 6:00 PM ET during Daylight Saving Time. UTC never shifts with seasons, so it is the unambiguous reference. "EST" (UTC-5) is a winter-only timezone and is off by one hour during Daylight Saving (mid-March through early November) — so quoting "5 PM EST" year-round causes breaches during DST. At 22:00 UTC the daily loss limit resets, the closing-balance snapshot is taken, and a new trading day begins. (Your max-drawdown high-water mark is separate — it updates per closed trade, intraday, not at this reset.)
Account Types
Evaluation Account - A demo trading account used to prove your trading ability. Complete the profit target without breaching drawdown rules to qualify for funding.
Funded Account (Sim Funded) - A trading account you receive after passing an evaluation or purchasing Instant Funding. You trade with funded capital and keep 80% of your profits.
Instant Funding Account - A funded account you receive immediately after purchase, with no evaluation required. Uses lower leverage and includes a payout lock mechanism.
Drawdown Terms
Daily Drawdown (3%) - Your maximum allowed loss per trading day. The daily reference point is your balance snapshot taken at 22:00 UTC each day. If your account equity (balance plus unrealized P&L from open positions) drops below the snapshot minus 3% at any point during the day, the account is breached immediately. The breach check uses live equity, so an open losing trade can breach the account before you close it. Resets daily.
Max Drawdown (6%) - Your absolute loss floor. If your account equity (balance plus unrealized P&L from open positions) drops below this level at any time, the account is breached immediately. The breach check uses live equity, so an open losing trade can breach the account before you close it. The type of max drawdown depends on your account type (see Static vs Trailing below).
Static Max Drawdown - Used in 2-Step and 1-Step evaluations. The drawdown floor is fixed at your starting balance minus 6% and never moves. Example: $100K account has a floor that is always $94,000, regardless of profits.
Daily Loss Limit (DLL) - Another name for Daily Drawdown. The DLL is your maximum allowed loss per trading day (3% of account size). If your account equity drops below the daily snapshot minus 3% at any point during the day, the account is breached immediately. Equity includes unrealized P&L from open positions, so an open losing trade can breach the account. Resets daily at 22:00 UTC.
End-of-Trade Trailing Balance - The max drawdown floor rises with your highest closed-trade balance, updating each time a trade closes at a new high (intraday, not at end of day), capped at your starting balance. Used by Instant Funding accounts and by legacy APE-X accounts, and by 1-Step evaluations created before March 9, 2026. 2-Step and 1-Step evaluations from March 9, 2026 onward use Static drawdown.
Trailing Max Drawdown - Used by Instant Funding accounts and by legacy APE-X accounts. The floor rises with your highest closed-trade balance, ratcheting up each time a trade closes at a new high (intraday, per closed trade — not at the 22:00 UTC snapshot), capped at your starting balance. Once the floor reaches your starting balance it stops trailing. The trailing reference moves only on a new closed-trade high (open/unrealized positions do not move it), but the breach check during the day still uses live equity (so an open losing trade can still breach the account against the current floor). Does NOT apply to 1-Step or 2-Step evaluations (both use Static drawdown).
High-Water Mark (HWM) - The highest closed-trade balance your account has reached, updated intraday each time a trade closes at a new high (not at the 22:00 UTC snapshot). For accounts with a trailing max drawdown (Instant Funding, APE-X), the floor is the high-water mark minus the max-drawdown amount (6% on Instant Funding, 4% on APE-X), capped at your starting balance. Does not apply to 1-Step or 2-Step evaluations (both use Static drawdown where the floor never moves).
Payout Lock - 1-Step Funded, Instant Funding, and APE-X accounts. When you request your first payout, the max drawdown floor locks at your starting balance permanently. You cannot drop below your original account size after this point. 2-Step Funded accounts do NOT have a payout lock — their floor stays fixed at starting balance minus 6% and a payout does not move it.
Daily Reference Balance - Your account balance at the 22:00 UTC daily snapshot, based on closed trades only (does not include unrealized P&L from open positions). Used as the reference point for the daily drawdown (DLL) — not for the trailing max drawdown floor, which moves per closed trade. Note: this defines the snapshot value, not the live breach check.
Drawdown Snapshot - Daily drawdown snapshot is taken once per day at 22:00 UTC. The snapshot itself is based on closed-trade balance only (unrealized P&L from open positions is excluded from the snapshot value). Important: this only defines the daily reference point. The real-time breach check during the day uses live account equity, which DOES include unrealized P&L from open positions.
Evaluation Terms
Profit Target - The balance gain required to pass an evaluation phase, expressed as a percentage of account size.
Phase (2-Step) - The 2-Step evaluation has two phases. Phase 1 requires 10% profit, Phase 2 requires 5%.
KYC Verification - Know Your Customer identity verification, required before your funded account is activated (evaluations) or at the time of purchase (Instant Funding).
Manual Review - After passing an evaluation, your account undergoes manual review (typically within 24 hours) before funded account activation.
Payout Terms
Profit Split - You keep 80% of profits, Tradeify retains 20%.
Consistency Score - Applies to Instant Funding (20%) and APE-X Funded (40%) accounts. No single winning day can account for more than that share of your total profits. Required for payout eligibility. 1-Step and 2-Step accounts have no consistency requirement.
Minimum Payout - $100 minimum withdrawal.
Profitable Days Before Payout (also called the minimum trading-day requirement) - Evaluation-funded (1-Step and 2-Step) accounts require 3 profitable days before first payout. Instant Funding has no fixed count, but its 20% Consistency Score means at least 5 profitable days in practice.
Profitable Day - Any trading day where your account gains 0.5% or more of the account size (the day resets at 22:00 UTC).
Trading Rules Terms
Leverage - Evaluations: 5:1 on BTC/ETH/PAXG, 2:1 on altcoins. Instant Funding: 2:1 on all pairs. Tokenized stocks: 2:1 on all account types.
Microscalping - Trades held less than 20 seconds. Prohibited.
Hedging - Holding opposing positions on the same instrument. Prohibited, including between accounts owned by different users.
Copy Trading - Allowed. You may use copy trading services or software to mirror trades to your account. Your own trading bots are also allowed if you own them. Shared bots and automated signal execution services that you do not own are not permitted.
Trading Fees / Commissions - A 0.04% fee (commission) per trade on all cryptocurrency pairs, calculated on the notional position value. For example, a $10,000 position incurs a $4 fee. Charged on both open and close. No swap fees, overnight fees, or holding costs.
Margin Level - A measure of how much of your account's margin is in use. Calculated as (Equity / Used Margin) x 100. A higher margin level means more room before a margin call. Displayed in the DXTrade account summary panel.
Payout Lock Floor / Buffer - After the payout lock activates on a 1-Step Funded, Instant Funding, or APE-X account, the "floor" is your starting balance (the level you cannot drop below). Your "buffer" is how much balance you have above the floor. Example: $50K account with $51K balance after payout = $1K buffer.
Realized vs Unrealized P&L - Realized P&L is profit or loss from closed trades. Unrealized P&L is profit or loss from open positions that have not yet been closed. The consistency score tracks realized profits only. Drawdown breach checks (both Daily Loss Limit and Max Drawdown) use your live account equity, which DOES include unrealized P&L from open positions — if an open losing trade pushes your equity below the floor, the account is breached immediately. The daily snapshot and HWM trailing reference points are calculated on closed-trade balance only, but the real-time breach check is not.
Tokenized Stock - A synthetic instrument that tracks the price of an equity (e.g., AAPL, TSLA, NVDA). Not a real share — no ownership, dividends, or voting. Trades 24/7 at 2:1 leverage on DXTrade, priced off Hyperliquid.