What you can lose
On a prop firm evaluation, the only money at risk is the fee you paid for the evaluation. Nothing else. You are trading the firm's capital under rules, not your own deposit, so a losing account costs you the entry fee and nothing more.
On MixFunded that fee starts at $5 with Pay After Passing, so the worst case on a first attempt is five dollars and some screen time.
What you cannot lose
- You cannot go negative. Breaching the maximum drawdown closes the account; there is no balance to repay and no invoice afterwards.
- You cannot be chased for trading losses. The capital is the firm's. Losses land on the firm, which is exactly why the drawdown rules exist.
- You cannot lose rewards already paid. USDT already sent is yours. Every payment we have made is listed with its transaction ID on the reward ledger.
Where traders actually lose money
Not on one account — on a habit. The pattern is a trader who buys a $50 evaluation, fails it in two days by oversizing, buys another, fails again, and repeats. No single loss is large; twelve of them are.
Two rules keep that from happening:
- Decide the number of attempts before you start. One or two, then stop and change something.
- Treat a fail as information. Which rule ended it — daily drawdown, maximum drawdown, or a rule you had not read? Fix that one thing before the next attempt. Risk of ruin on funded accounts has the maths on why repeated oversizing ends the same way every time.
The other way to lose money: choosing badly
The real risk in this industry is not trading — it is paying a firm that does not pay out. Before you buy anything from anyone, check:
- Are rewards published with proof you can verify yourself, not screenshots?
- Are the drawdown and payout rules written down in one place?
- Is there a hidden consistency rule that can void a passed account?
Ours are 4% daily and 8% maximum (3% daily on Pay After Passing), there is no consistency rule, news trading is allowed, and every reward is on-chain. How to vet any prop firm is the checklist we would use on ourselves.
The honest summary
Your downside is the fee. Your upside is a share of profits on capital you never had to deposit. That is a good trade only if you keep the number of fees small — which means sizing for the rules instead of for the target.