Prop Glossary

Account Funds: The account size used to calculate trading limits, risk limits, and profit targets.

Live Account: The third-stage account entered after completing both 2-Step challenge stages and passing the review.

Balance: The account amount after settled transactions.

Equity: The current account value, calculated as balance plus unrealized P&L.

Realized P&L: The profit or loss generated from closed trades.

Unrealized P&L: The floating profit or loss from current open positions that has not yet been settled.

Notional Value: The total value of a position calculated based on the execution price.

Margin: The account funds used to open and maintain a position.

Daily Maximum Loss: The maximum equity decline permitted within a single calendar day under 2-Step.

Maximum Account Loss: The maximum equity decline permitted for the entire account.

Loss Limit: The risk threshold at which the account is terminated when account equity reaches it.

Valid Trading Day: A calendar day that meets the required executed notional value.

Payout: A user request for a share of trading profits in accordance with the applicable product rules.

Profit Share: The allocation ratio of the Payout request amount between the user and the platform.