Twenty terms you will meet inside a Leofins challenge — the rule they belong to and what they mean for your account.
The simulated starting balance of a challenge or funded account: $10,000, $25,000, $50,000 or $100,000 at Leofins.
A limit on how much of a payout's profit may come from a single day. At Leofins this is the 40% Best Day rule, a payout eligibility condition rather than an evaluation objective.
The maximum equity you may lose in one trading day, measured from the day's starting balance. Breaching it ends the account.
The distance between your equity peak and the current equity, expressed as a percentage of the account size.
Balance plus the floating profit or loss of all open positions. Objectives are measured on equity, not balance.
The simulated stage where you prove you can hit a target inside the risk rules before receiving a funded account.
A simulated account that generates real reward payouts, granted after you pass the evaluation.
The ratio between position size and account equity. Leofins caps leverage per asset class, up to 1:100 on FX.
The standard unit of position size. One standard FX lot equals 100,000 units of the base currency.
The hard floor on the account for the whole challenge. At Leofins it is static, measured from the initial balance only and never trails the equity high.
A reward released from a funded simulated account. Leofins pays on demand, typically within 14 hours.
The percentage gain required to pass an evaluation phase: 8% on Edge 1-Step, 7% then 4% on Core 2-Step, or 6%, 4% then 4% on Starter 3-Step.
The share of simulated profit paid to the trader, from 85% up to 95% after six successful payouts.
Automatic increases to your reward split and simulated capital after consecutive profitable payout cycles.
The difference between the expected and the executed price, widest around high-impact news.
The gap between bid and ask. It is the main trading cost on Leofins accounts alongside commission.
The overnight financing charge or credit on a leveraged position. Zero on crypto pairs at Leofins.
A loss limit that follows your equity high, tightening the floor as the account grows.
Separate calendar days on which at least one position was opened. Some plans require a minimum count.
Virtual balance used for every Leofins account. No client money is ever deposited or traded.