What is a verification phase?
Quick answer
A verification phase is the second stage of a two-step prop challenge. After passing the first phase, the trader must prove consistency by meeting a lower profit target, often around 5%, under the same loss limits. Passing verification leads to a funded account.
Detailed answer
Verification exists to confirm that the first pass was not luck.
How it typically differs from phase one
- Lower target: often around half of phase one's.
- Same loss limits: daily and maximum loss usually unchanged.
- Minimum trading days: often required again.
- Price: usually included in the original fee.
Why firms use it
- More evidence of skill before funding.
- Fewer funded accounts from lucky streaks.
- A product structure traders recognise.
Why some firms skip it
One-step challenges are faster and simpler, which some traders prefer. Firms compensate with stricter rules, such as trailing drawdown or a consistency requirement.
Example
A trader passes phase one with 8.4% profit. They receive a verification account with a 5% target and the same 5% daily and 10% maximum loss. After five trading days they reach 5.1% and pass.
On PropExecutor
Verification is a separate account type with its own rule set, created for the trader after phase one passes. Phases are not chained automatically; the firm provisions the next account.
PropExecutor team · Updated
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