A consistency rule caps how much of your total profit can come from a single trading day — commonly somewhere around 20-40% of your overall gain. It exists to stop traders from passing an evaluation on one lucky oversized trade and then struggling to replicate that on a funded account. If a firm has this rule, spreading your gains across multiple sessions isn't optional — it's a pass/fail condition, so check the exact threshold before you start trading toward a profit target.

You lose the evaluation fee and the account is closed — that's the standard model across the industry. Some firms offer a discounted or free reset if you're close to the drawdown limit rather than blown through it, and a few refund a portion of the fee under specific conditions, but don't count on it unless it's stated explicitly in the firm's own rules. Read the drawdown breach conditions before you buy, not after.

A 2-Step challenge has two evaluation phases before you get funded — typically a higher profit target on phase one, a lower one on phase two, both with the same drawdown rules. A 1-Step challenge collapses that into a single phase, usually with a tighter daily drawdown to compensate for the faster path. Instant Funding skips the evaluation phase entirely — you get a funded (often simulated) account from day one, but usually at a lower initial profit split and a higher price, since the firm is taking on more unproven risk upfront.