Profit Target is the profit that must be made on the demo accounts we provide for traders. To be considered profit, all positions in positive must be fully closed, and the balance must update to reach the correct profit target (e.g., 5%, 8%, 10%).
Example 1: Passing the Phase
A trader starts with $100,000 and reaches $108,000 (8% profit target) with all positions closed and no running trades. Since all parameters are respected, the trader will receive the second phase account.
Example 2: Not Passing the Phase
A trader reaches a $108,000 balance but still has positions running. The trader must close all positions and maintain the $108,000 balance before progressing to the next stage. The dashboard, accessible at tech.fundedelite.com, shows these parameters in real-time, updating every 60 seconds.