What are the Challenge Profit Targets?

Profit Targets are the benchmark requirements that our traders need to attain to reach to proceed to the next phase of our Funded Account Challenges. Cove Funded believes in setting realistic and attainable Profit Targets for our challenges. Our Profit Targets are set as follows: 

  • Profit Target 8% – Phase 1 (Evaluation Stage). 
  • Profit Target 5% – Phase 2 (Verification Stage). 

An example of our Profit Target would be: 

If a trader purchased a $100,000 Account Balance, the Profit Targets for Phase 1 and Phase 2 would be as follows: 

  • Phase 1 (Evaluation Stage) – Profit Target $8,000 (8% of $100,000). 
  • Phase 2 – (Verification Stage) – Profit Target $5,000 (5% of $100,000). 

A trader who fails to attain the Profit Targets stipulated in either the Evaluation or Verification Stage respectively, will lead to the automatic failure of the Funded Challenge Account due to the violation of the Profit Target criteria.