Reference
The words on the rulebook page, defined the way we'd explain them to a new trader over a coffee. Two to four sentences each. Consistent with /rules.
The maximum your account is allowed to fall from a reference point before the account is breached. On MixFunded, drawdown is measured on equity (which includes open floating P&L), not on closed balance. Two separate drawdowns apply to every account — daily and max overall — and hitting either one ends the account.
Use the drawdown simulator on /tools to stress-test a trade sequence against both floors.
A per-day equity floor set as a percentage below the day's starting balance (typically 4%). Resets at 00:00 UTC every day the account is open. Open losers count against it in real time — closing the day flat resets the floor at tomorrow's open.
A max overall drawdown that trails behind your account's highest closed-equity peak. Once your equity ratchets up, the floor moves up with it and never loosens back down. On MixFunded accounts the trailing max is typically 8% and trails to closed equity, not intraday highs.
Balance is the account value with only closed trades counted. Equity is balance plus or minus the floating profit or loss on open positions. Because drawdown is measured on equity, an open losing position can breach the daily or max floor even if you plan to close it at profit later.
The rules-based test used to demonstrate you can trade inside a fixed drawdown envelope before an account is funded. Every MixFunded evaluation has a profit target, daily and max drawdowns, and a 3 trading-day minimum. There is no time limit.
A live-simulated trading account whose profits are paid out from firm revenue at an 80/20 split. "Simulated" means no client capital sits on a live broker account — the price feed and execution behaviour mirror a real MT4/MT5 environment, but the risk exposure is ours, not a liquidity provider's. Payouts are real; the exposure is not.
The net closed profit required to pass an evaluation phase, expressed as a percentage of the starting balance. On a $50,000 account with a 10% target, that's $5,000 of net closed profit — after all fees and swaps.
The percentage of funded-account profit that goes to the trader on each payout. MixFunded funded accounts start at 80/20 in the trader's favour and scale to 90/10 after three consistent payouts on the same account.
The transfer of trader profits from the firm to the trader. MixFunded payouts settle every Monday in USDT (TRC-20) on the TRON network. Each payout is stamped with a transaction ID (TXID) and added to the public payout ledger so anyone can verify it on Tronscan.
A rule some prop firms use to cap how much of your total profit can come from a single day or trade — designed to filter out one-lucky-day passers. MixFunded does not run a consistency rule on standard programs; every dollar of net closed profit is payable so long as the drawdown holds.
Any event that ends the account: touching the daily drawdown floor, touching the max overall drawdown, or violating a banned strategy such as latency arbitrage or group hedging. Breach is measured in real time on equity — the trigger doesn't wait for the trade to close.
The MixFunded model where you enter the evaluation for a small fee ($5 on the flagship $50,000 program) and only pay the $300 activation fee if you pass. Fail and the activation is never charged. See the $5 challenge guide for the full mechanics.