Clear, fair rules you can actually follow
No hidden traps or moving goalposts. Here's exactly how our objectives, drawdowns and risk limits work across every account type.
The rules, explained
Six concepts cover almost everything you need to know before you trade.
Profit target
The profit you must reach to pass an evaluation phase, measured on your starting balance. Instant accounts have no target — you're funded from day one.
Max daily loss
The most your equity may fall within a single trading day, measured from the day's starting balance. Breaching it ends the account.
Max overall loss
A static floor below your initial balance on evaluation accounts. Your equity must never touch this level at any time.
Trailing max loss (Instant)
On Instant accounts the maximum loss trails your highest equity until you're up 5%, after which it locks to your starting balance.
Minimum trading days
The minimum number of days on which you must place at least one trade before passing a phase or requesting a reward.
Consistency (Instant)
To keep payouts fair, Instant rewards require a consistency score and a spread of profitable days rather than a single lucky trade.
Objectives by account type
| Objective | Instant | 1-Step | 2-Step |
|---|---|---|---|
| Profit target | None | 10% | — |
| Phase 1 target | — | — | 8% |
| Phase 2 target | — | — | 5% |
| Max daily loss | 3% | 3% | 5% |
| Max overall loss | — | 6% | 10% |
| Max trailing loss | 5% | — | — |
| Min trading days | — | 3 | 3 / phase |
| Min profitable days | 7 / cycle | — | — |
| Consistency score | 15% | — | — |
| Time limit | — | Unlimited | — |
| Profit split | Up to 95% | Up to 90% | Up to 90% |
How evaluation works
On a 1-Step account you have a single phase: reach the profit target without breaching the daily or overall loss limit, and trade on at least the minimum number of days. Once you pass, your account converts to a simulated funded account.
On a 2-Step account you clear two phases — an 8% target followed by a 5% target — under wider loss limits, before being funded. There is no time limit on either evaluation, so you can trade at your own pace.
On an Instant account there is no evaluation at all. You are funded the moment you check out and can begin trading NSE index options straight away.
Drawdown & loss limits
Max daily loss is measured from your balance at the start of each trading day. If your equity — including open positions — falls by more than the daily percentage for your account, the account is breached.
Max overall loss on 1-Step and 2-Step accounts is a fixed floor below your initial balance (6% and 10% respectively). It does not move, so as you grow your balance your effective buffer only increases.
On Instant accounts the maximum loss is a trailing 5%: it follows your highest equity while you are below 5% profit, then locks permanently at your starting balance once you reach 5% profit — protecting your progress from that point on.
Instant account rules
Because Instant accounts skip the evaluation, rewards carry a few extra fairness conditions so that payouts reflect consistent skill:
- A consistency score of at least 15% across the reward cycle.
- At least 7 profitable days within the 30-day cycle, where a profitable day is a gain of 0.25% or more.
- Your single biggest losing day must not exceed your single biggest winning day.
- The first 3% of profit acts as a safety cushion and cannot be withdrawn as a reward.
Instruments & products
IndieFunded is built for buying NSE index options — including NIFTY, BANK NIFTY, FIN NIFTY and other index contracts. Option selling and non-index instruments are outside the scope of these accounts.
Both product types are supported: MIS for intraday, same-session positions that are squared off before close, and NRML for positional trades you carry overnight within your account's risk limits.
Prohibited practices
To keep the simulated environment fair for everyone, the following are not permitted and may result in account termination:
- Exploiting simulated-feed latency, off-market or manifest-error pricing.
- Trading through major economic or expiry events specifically to abuse execution (a restricted window applies around such events on Instant accounts).
- Group trading, copy trading across accounts, or coordinating opposite positions to hedge risk between accounts.
- Use of any strategy whose edge comes from the simulation rather than genuine market opportunity.
The full, binding rules are set out in our Terms & Conditions. Figures on this page are illustrative and may be updated.
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