How It Works

Our process.

Before beginning your evaluation, it's important to understand how the process works and what's expected of you as a trader.

Our Evaluation Process is designed to assess your trading skill under clearly defined rules and no hidden metrics. Here's how the full process works, from your first trade to your first on-chain payout:

1. Choose Your Evaluation Plan

After you sign up, you can start the evaluation immediately by configuring the parameters that fit your trading style. Each plan comes with clear trading objectives and rules based on risk management principles. You can learn more about the available evaluation plans here.

2. Hit Trading Objectives

Once your evaluation begins, you'll trade using our proprietary trading terminal in a simulated trading environment reflecting live trading conditions of the trading venue of choice. In both the Carrot Evaluation Account and Carrot Verification Account phases, your goal is to hit the profit target while staying within the drawdown limits and following all risk rules.

3. Trade Backed by Real Capital

Once you complete your evaluation successfully, you’ll be upgraded to a Carrot Funded Trader Account. At this stage, the profit target is removed, and your trading continues under the same real-market conditions, but with payout eligibility.

Your trading activity is now backed by capital from our On-Chain Investment Vehicle (OIV) at rethink.finance, which transparently supports position replication. Depending on your performance, your trades may be mirrored into real on-chain market positions for risk-managed exposure, all visible and verifiable on-chain. You can check out more details and how it works under the transparency tab here.

4. Receive Payouts On-Chain

Profits earned in your Carrot Funded Trader Account become eligible for payout. All payouts are initiated and recorded on-chain, and unlike traditional prop firms, you can always verify our capital adequacy and track all fund movements, including our OIV balance, yourself.