Prop firm evaluation tools
An evaluation is a path-dependent, single-shot event with an absorbing barrier - not a backtest. Replaying your history once tells you almost nothing, because you only ever observed one ordering of your trades. These tools simulate thousands of orderings instead, and show you the one number the industry never publishes: how often a strategy with no edge at all passes.
Simulated equity paths
What happens across all 10,000 runs
Same strategy, every rule set
| Firm / rule set | Account | Target | Max DD | Fee | Pass probability | Cost to funded |
|---|---|---|---|---|---|---|
| Run the simulation to populate. | ||||||
How to read this
Cost to funded is the evaluation fee divided by pass probability - what you should expect to spend across repeated attempts before one sticks, not the sticker price of a single attempt. A cheap evaluation with a punishing drawdown clause is usually the more expensive one.
The tick on each bar is that rule set's no-edge baseline - how often a strategy with literally zero expectancy clears it. A firm where your bar barely exceeds the tick isn't testing your edge; it's selling you a coin flip.
Why one replay of your history is misleading
Run your actual trade sequence through the rules once and you get a single yes or no. But you only observed one ordering. Shuffle the same trades - same win rate, same average win, same edge - and a losing streak that happened to land in month three now lands in week one, when your buffer is thinner, and the account is gone.
The drawdown clause usually matters more than the strategy. Switch the type from intraday-trailing to static and watch the number move. Same edge, same trades - different contract. That's why shopping rule sets beats shopping brands, and it's the entire point of the comparison tab.
The no-edge baseline is the number nobody shows you. Feed in a strategy with literally zero expectancy - same trade sizes, breakeven win rate - and it still clears a typical evaluation roughly one time in five. Enough people buy enough attempts that a steady supply of funded accounts belongs to traders with no edge whatsoever. If your own number isn't well clear of that line, passing tells you nothing about your strategy.
And note what these tools do not tell you: whether your edge is real. Every number assumes your win rate and average win survive out of sample. If they came from a backtest you iterated on, they probably won't.
Also in tools: Breakeven win rate calculator - the win rate your payoff ratio actually requires, and whether your sample can even prove you clear it.