Including the parts that disqualify people
The complete assessment, from the first order to the eleventh payout, with the breach arithmetic and the KYC step written out rather than summarised.
Three phases, in long form
Read the meta line on each step first — those are the only numbers that decide whether you progress.
Day 0Purchase and credentials
You pick a size and a model, pay once, and server, login and investor password arrive by email within fifteen minutes. Nothing is scheduled and nothing starts counting: the account sits idle until your first order. Until that order, the fee is refundable in full.
15 minutes- Refundable until first trade
- Rule set v4.2
- Clock none
Phase 1Evaluation
Reach 8% profit on at least four separate trading days. Two lines end the attempt: equity below 95% of the day’s starting balance at any tick, or equity below 90% of the original balance at any time. Floating losses count toward both. There is no deadline, no minimum trade duration and no restriction on holding through the weekend.
No time limit · 21-day average- Target 8%
- Daily 5%
- Overall 10%
Phase 2Verification
The same two loss lines at half the target: 5% on at least four trading days. The consistency rule applies from here — no single day may account for more than 45% of your total profit, which is the rule that catches traders who pass on one oversized position. Around 38% of Phase 1 passes clear this on the first attempt.
No time limit · 16-day average- Target 5%
- Consistency 45%
- Min days 4
OnboardingKYC and the funded agreement
Government photo ID and a proof of address dated within three months, checked under our anti-money-laundering obligations. This happens once, takes a median of eleven hours, and is never repeated. You then countersign the funded trader agreement and receive live desk credentials the next business day.
1 business day- ID photo
- Address <3 months
- Repeat never
FundedThe desk and the payout cycle
Same rules, same instruments, same spreads — the daily and overall loss lines carry across unchanged. Your first payout request opens on day 14 and returns 80% of simulated profit plus your original evaluation fee. After three consecutive profitable cycles the split moves to 90% and requests become available on demand.
Every 14 days- Split 80% → 90%
- Fee refunded
- Approval 98.4%
What ends an account, expressed as a number
A breach is arithmetic, not a judgement call. Equity is checked on every tick against the two lines below; nothing else closes an evaluation.
- Daily loss line (equity, incl. floating)
- $9,500
- Overall loss line (static)
- $9,000
- Largest permitted single-day profit
- 45% of total
- Maximum lot size, FX majors
- 2.0
- Free reset after a breach
- Not included
- Paid reset price
- $62
- Dedicated account manager
- Not included
- Payout on demand after cycle three
- Included
- Daily loss line (equity, incl. floating)
- $47,500
- Overall loss line (static)
- $45,000
- Largest permitted single-day profit
- 45% of total
- Maximum lot size, FX majors
- 10.0
- Free reset after a breach
- Not included
- Paid reset price
- $202
- Dedicated account manager
- Not included
- Payout on demand after cycle three
- Included
- Daily loss line (equity, incl. floating)
- $95,000
- Overall loss line (static)
- $90,000
- Largest permitted single-day profit
- 45% of total
- Maximum lot size, FX majors
- 20.0
- Free reset after a breach
- Included
- Paid reset price
- $370
- Dedicated account manager
- Included
- Payout on demand after cycle three
- Included
- Daily loss line (equity, incl. floating)
- $190,000
- Overall loss line (static)
- $180,000
- Largest permitted single-day profit
- 45% of total
- Maximum lot size, FX majors
- 40.0
- Free reset after a breach
- Included
- Paid reset price
- $756
- Dedicated account manager
- Included
- Payout on demand after cycle three
- Included
Daily loss resets at 00:00 server time (GMT+2/GMT+3 DST). Floating losses count toward both limits. The $25,000 programme sits between the first two columns on identical percentages.
Payout mechanics, in the same detail
How the money moves, how the split escalates, what verification asks for, and what happens on the day a rule is broken.
How a payout is calculated
Closed profit at the cycle boundary, minus commission already deducted, multiplied by your split. Floating positions are excluded and roll into the next cycle. Your evaluation fee is added to the first payout as a separate line on the statement.
Split escalation
You start at 80%. Three consecutive profitable cycles move you to 85%, and three more to 90%, where it stays. A losing cycle pauses progression but never reduces a split you have already earned.
Withdrawal rails
SEPA and Faster Payments for EUR and GBP, SWIFT for everything else, and USDT on ERC-20 or TRC-20. Crypto settles the same day; bank transfers take one to three. We pay the sending fee, and only to an account in your own name.
What KYC asks for
Passport, national ID or driving licence, plus a utility bill or bank statement under three months old. Checked once, before your first payout, with a median turnaround of eleven hours. We never ask for source-of-funds documents because you never deposit.
What happens on a breach
Positions close at market, the account turns read-only, and you receive the timestamp, the line crossed and the equity at that tick. Profit already paid out is never clawed back. A reset restores the same phase at 30% below the original fee.
What we audit before paying
We check for latency arbitrage, stale-feed scalping, group trading of identical positions and hedged pairs across accounts. Ordinary strategies never trigger a review; when one does, we name the trades and give you five days to respond.
No time limit — start when you are ready
Credentials never expire and no clock starts until your first order. Buy the evaluation now and take the setup you were waiting for.
See account sizes →Risk, regulatory and entity disclosure
Trading leveraged instruments carries a high level of risk and can result in the loss of all of your capital. Leverage magnifies losses as readily as gains, and the majority of retail accounts trading CFDs lose money. Do not commit funds you cannot afford to lose, and do not treat an evaluation fee as an investment.
Every Meridian Desk Evaluation, Verification and funded account operates on a demo server with virtual funds. No client money is ever deposited with us, no live order is ever routed to a market on your behalf, and the balances shown in your dashboard are simulated. What you purchase is access to a performance assessment and, on passing it, a share of the simulated profit produced under our published rules.
Meridian Desk is not a broker, not an investment firm and not an asset manager. We do not accept deposits for trading, do not manage client capital and give no personal recommendation or investment advice. Nothing on this site is a solicitation to buy or sell any financial instrument, and no past payout figure is a forecast of any future result.
Evaluation programmes are not offered to residents of the United States, Canada, or any territory subject to UK, EU, UN or OFAC sanctions. The full and current list of restricted jurisdictions forms part of the Terms of Business and is updated when sanctions change. Identity verification is mandatory before any payout is released.
All evaluation and funded accounts are demo accounts holding fictitious funds. 18+ only. Past payouts are not a promise of future earnings.
Simulated environment
Evaluation, Verification and the funded desk all run on demo servers with virtual balances. Your profit share is calculated on simulated performance under the published rule set.
Read the rule bookNot a broker
We hold no client funds, execute no client orders and provide no personalised advice. Meridian Desk sells a fixed-price assessment product, nothing more.
About the deskKYC and AML
Government ID and proof of address are verified before a first payout, under our anti-money-laundering and counter-terrorist-financing obligations. Payouts are released only to an account in the trader’s own name.
Verification stepsRestricted jurisdictions
Not available to residents of the United States, Canada or sanctioned territories. Attempting to register from a restricted territory voids the evaluation without refund.
Full list in the TermsFee terms
The evaluation fee is stated before payment and becomes non-refundable once the first trade is placed on the account. It is reimbursed in full alongside your first payout.
Refund conditions- Legal entity
- Meridian Desk Technologies Ltd
- Company number
- 14827301 (England & Wales)
- Registered office
- 27 Austin Friars, London EC2N 2QP, United Kingdom
- VAT registration
- GB 429 8817 62
- Rule set version
- v4.2 — effective 1 February 2026
- Complaints
- complaints@meridiandesk.com — first response within 4 hours