Clear Rules.
No Hidden Traps.
Everything you need to know about the HB Funded evaluation rules, in plain English. No surprises.
Two-Phase Evaluation
HB Funded uses a two-phase process to confirm both your ability to be profitable and your consistency. There is no time limit on either phase.
| Profit Target | 8% |
| Daily Loss Limit | 5% of account balance |
| Max Drawdown | 10% of account balance |
| Min Trading Days | 15 days |
| Min Trades | 10 trades |
| Time Limit | None |
| Fee | £99 – £169 (refunded on first payout) |
| Profit Target | 4% |
| Daily Loss Limit | 5% of account balance |
| Max Drawdown | 10% of account balance |
| Min Trading Days | 10 days |
| Min Trades | 5 trades |
| Time Limit | None |
| Fee | Free |
The Numbers That Matter
These rules apply to both phases of the evaluation and to your funded account.
Your account balance cannot fall more than 5% from its value at the start of the trading day (midnight UTC). If you hit this limit, trading is locked for the rest of that day. This resets each day.
Example: Balance of £50,000 — daily loss limit is £2,500. If your account hits £47,500 intraday, no new trades can be opened that day.
Your account equity cannot fall more than 10% below your starting balance at any point. This is an absolute limit — not relative to your current balance. Breaching this ends the evaluation.
Example: Starting balance of £50,000 — your account must never fall below £45,000 in equity.
Phase 1 requires an 8% profit on your starting balance. Phase 2 requires 4%. Profits are calculated from your starting virtual balance — not your peak.
Example: £50,000 account — Phase 1 target is £4,000 profit (balance reaches £54,000).
You must have at least 15 active trading days in Phase 1 (10 in Phase 2). A trading day counts when at least one trade is opened and closed. This ensures consistency — you cannot hit the profit target in one lucky day.
There are no deadlines on Phase 1 or Phase 2. Take as long as you need. Trade only when conditions suit your strategy. We will never pressure you into reckless trades with an artificial clock.
* Elite plan has a 3-month time limit on Phase 1 only. Phase 2 has no time limit on any plan.
Your Phase 1 evaluation fee is fully refunded with your first profit payout as a funded trader. Phase 2 is always free. You are never paying ongoing subscription fees — only one entry fee per challenge attempt.
What Ends Your Evaluation
Any of the following will automatically close your evaluation. You can restart from Phase 1 by purchasing a new evaluation.
You may trade during any news event including NFP, CPI, central bank decisions, and earnings releases. There are no blackout windows or mandatory flat periods around high-impact news.
✓ No news restrictions whatsoever
Positions may be held overnight and over weekends with no restriction. There are no time-based rules forcing you to close trades before market close. Be aware of weekend gap risk on volatile instruments.
✓ Hold as long as your strategy requires
- Equity falls more than 10% below starting balance (max drawdown breach)
- Daily loss exceeds 5% in a single day
- Evidence of account sharing or use of prohibited third-party signals
- Arbitrage, latency abuse, or exploit-based trading strategies
- All standard spread betting instruments (indices, FX, commodities, shares)
- Algorithmic and automated trading strategies
- Swing trading and overnight positions
- News trading (no restrictions during evaluation)
- Hedging within your own account
How Payouts Work
You receive 50–80% of all profits generated on your virtual account, depending on your plan and trader tier. Splits increase over time as you demonstrate consistency.
| Starter | 50% |
| Pro | 65% |
| Elite | 75% |
Payout requests are processed within 48 hours. Submit a request from your dashboard at any time — there is no minimum payout amount or waiting period beyond your earned profit.
Payouts are made by bank transfer to a UK bank account. You will need to provide your account number and sort code.
UK residents using spread betting demo accounts may benefit from tax-free profits under current HMRC rules — spread betting profits are typically exempt from Capital Gains Tax and Income Tax. However, tax treatment depends on your individual circumstances. HB Funded does not provide tax advice. We recommend consulting a qualified tax adviser before trading.
Ready to take the challenge?
Questions? Email us at support@bhfunded.co.uk