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What is the required virtual profit target to pass the evaluation at CoveFunded?

At CoveFunded, the required virtual profit targets to pass the evaluation are as follows:

  • 1-Phase Model: The Profit Target is 10% of the starting balance.
  • 2-Phase Model:
    • Step 1: The Profit Target is 8% of the starting balance.
    • Step 2: The Profit Target is 5% of the starting balance.
  • Swing Account (2-Phase Model): The profit targets are the same as in the regular 2-Phase Model:
    • Step 1: 8% of the starting balance.
    • Step 2: 5% of the starting balance.

These targets must be met within the evaluation period to advance to the next phase or qualify for a funded account.

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Please note that all accounts we provide to our clients are demo accounts in a simulated trading environment.
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