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.