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.

1-Step: A one-step evaluation product offered by BitFrog Prop. Users complete a single evaluation (10% Profit Target, 3% Maximum Daily Loss, and 6% Maximum Account Loss) and enter the Funded Stage after passing the review. The evaluation stage has no Valid Trading Day requirement. The Funded Stage has no Profit Target. User profit share is 80%.

One-Step Evaluation: A product structure with only one evaluation stage. Unlike the two stages in 2-Step, there is no stage transition or reset. Once the target is achieved and no violations are detected, the account proceeds to review.