> For the complete documentation index, see [llms.txt](https://hyperpnl.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperpnl.gitbook.io/docs/faq/evaluations.md).
# Evaluations
What is a HyperPNL evaluation?
A HyperPNL evaluation is a simulated trading challenge designed to assess a trader's profitability and risk management skills.
Traders must achieve predefined profit targets while respecting all risk management rules. Successful traders become eligible for a funded account.
How many evaluation phases are there?
HyperPNL currently uses a two-phase evaluation process.
To qualify for a funded account, traders must successfully complete both phases while complying with all trading and risk management requirements.
What are the profit targets?
The current profit targets are:
* Phase 1: 10%
* Phase 2: 5%
Profit targets are calculated based on the starting balance of the account.
Is there a time limit to complete an evaluation?
No.
There is no time limit on accounts.
Is there a minimum profitable day requirement?
Yes.
HyperPNL requires traders to complete a minimum number of profitable trading days during the evaluation process.
A profitable day is defined as a trading day that closes with at least 0.5% profit based on the account's starting equity at that day.
Requirements:
* Phase 1: Minimum 2 profitable days
* Phase 2: Minimum 3 profitable days
There is no minimum profitable day requirement for funded accounts.
Once the profit target, minimum profitable day requirement, and all risk management rules have been satisfied, the evaluation is considered complete.\
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Learn more: [Evaluation Rules](/docs/challenges-101/evaluation-rules.md)
What happens after I pass an evaluation?
After successfully completing all evaluation phases and satisfying all platform requirements, you become eligible for a funded account.
Funded traders can then begin generating profits and requesting payouts according to the funded account rules.
What happens if I fail an evaluation?
If an account violates any risk management rule, the evaluation fails immediately.
Failed evaluations cannot be restored.
However, traders are free to purchase a new evaluation account and try again.
Can I continue a failed evaluation by paying a fee?
No.
Once an evaluation account fails due to a rule violation, it cannot be restored or resumed by paying an additional fee.
To try again, you must purchase a new evaluation account and start a new challenge from the beginning.
Can I have multiple evaluation accounts?
No.
Traders may only have one active evaluation account at a time.
Are evaluation accounts refundable?
Evaluation purchases are generally non-refundable once an account has been issued.