What is the Gauntlet Mini™?

The Gauntlet Mini™ is an intraday futures trading exam that guarantees trader funding by our proprietary trading firm partner upon successful completion. To pass the test, you must trade without breaking the rules for at least 15 days and reach the specified profit target.  There is no fixed end date, you can take as long as you might possibly need.  It is a subscription-based examination that lasts until you pass, cancel, or change your plan.

Why choose the Gauntlet Mini™?

There’s a limit to how much money you can make on a personal evaluation account. The Gauntlet Mini™ helps traders who have the skill but lack the capital to overcome this obstacle by providing them with access to funds in return for a share of the generated profits. Take the test on a simulated account and qualify for funding based on the chosen size of your evaluation account.

The objectives you must meet:

• Trade at least 10 days
• Only trade during approved times
• Do not reach or dip below the daily loss
• Do not reach or dip below the minimum account balance (EOD Drawdown)
• Maintain consistency

What happens after passing the Gauntlet Mini™?

Candidates who pass the Gauntlet Mini™ will receive a guaranteed offer for a funded trading account with our proprietary trading partner firm. The size of that account is the same as the starting size of the Gauntlet Mini™ account you used to pass the evaluation. There are two types of funded trading accounts available:

• LiveSim® Accounts
• Live Accounts

LiveSim® Accounts

LiveSim® accounts are paper trading accounts. From the trader’s perspective, they function the same as Live accounts, including withdrawing profits, but with a few added benefits:

• LiveSim® has a quicker setup. Traders can start trading them within two business days of accepting the funding agreement.
• LiveSim® traders with Non-professional CME status will pay a one-time per-account activation fee of $139 (covering all four CME exchanges and deductible from their first withdrawal). Those with Professional status will be charged $135/month/exchange.
• LiveSim® accounts calculate drawdown the same way as your Gauntlet Mini™ attempt. See the relevant FAQ explaining the drawdown calculation here.

LiveSim® is only available until you make your first $5,000 (minus the 20% profit split). After that, you will switch to a live account.

Live Accounts

Traders who choose to start trading on a Live account cannot return to a LiveSim® account afterward.

• Live accounts take longer to set up because they require filing paperwork with a broker.
• Monthly data fees on Live accounts are $135 for each exchange, including the first.
• Live accounts calculate trailing drawdown based on intraday, open equity gains and losses.