Converting a Challenge to a Funded Account

When you pass a challenge, the next step is to create a funded account. The platform's conversion feature makes this transition seamless while preserving the connection between the challenge and resulting funded account.

What Conversion Does

Converting a challenge:

  1. Creates a new funded account with details carried over

  2. Marks the challenge as "Converted to Funded"

  3. Links the funded account back to the original challenge

  4. Preserves all challenge costs and history

You're not losing data—you're transitioning from the "cost" side to the "revenue" side of your business.

Requirements for Conversion

Before you can convert a challenge, certain conditions must be met:

✓ All Phases Completed

Every phase must be marked as "Completed." If you have a 2-step challenge, both Phase 1 and Phase 2 must show completed status.

✓ End Date Set

The challenge must have an end date recorded. This helps maintain accurate timelines.

✓ No Rule Violations

If you've flagged any rule violations on the challenge, they should be resolved or noted before conversion.

✓ Status is "Completed"

The overall challenge status should be "Completed" (not Active, Failed, or Not Started).

How to Convert

  1. Open the challenge — Click on the completed challenge in your table

  2. Go to the Convert tab — In the detail drawer, find the "Convert to Funded" tab

  3. Review requirements — The system shows a checklist of what's needed

  4. If requirements are met — You'll see a "Convert to Funded Account" button

  5. Preview the new account — The form shows what the funded account will look like

  6. Click Convert — Confirm to complete the conversion

What Happens During Conversion

When you click convert:

A new funded account is created with:

  • Account name derived from the challenge

  • Same prop firm

  • Same account size

  • Same platform

  • Funding type set to "Evaluation-Based"

  • Link to the original challenge

The challenge is updated:

  • Status changes to "Converted to Funded"

  • A note records the conversion date

  • The challenge remains in your history (not deleted)

You're redirected to:

  • The new funded account detail drawer

  • Or given the option to view it

If Requirements Aren't Met

When you visit the Convert tab on an incomplete challenge, you'll see:

Requirements Alert A panel showing what's missing:

  • ⚠ Phase 1 not complete

  • ⚠ End date not set

  • ✓ Phase 2 complete

Disabled Convert Button The conversion button is grayed out until all requirements pass.

Instructions Guidance on what to update before you can convert.

Can I Convert Without Using This Feature?

Yes, but it's not recommended. You could:

  1. Manually add a funded account

  2. Manually update the challenge status

However, doing this manually:

  • Loses the automatic link between records

  • Requires more data entry

  • Is more prone to errors

The conversion feature is designed to make this transition clean and accurate.

After Conversion

Once converted, your workflow shifts:

From Challenges:

  • The challenge is now "Converted to Funded"

  • Costs remain on the books as historical record

  • You won't update this challenge anymore

To Funded Accounts:

  • Start tracking this account in Funded Accounts

  • Record payouts as you receive them

  • Track account status (active, breached, etc.)

The challenge cost and the funded account payouts will both appear in your Dashboard, giving you the full picture of ROI.

Important Notes

Conversion Is Permanent

Once converted, you can't "unconvert" a challenge. The challenge stays in your history with its "Converted to Funded" status. If you need to delete the funded account later, the challenge won't revert—it stays converted.

Historical Cost Is Preserved

All the money you spent on the challenge remains recorded. This is important for calculating your true cost-to-get-funded and business profitability.

The Link Persists

From the funded account, you can always navigate back to see the original challenge. From the challenge, you can see which funded account it became.

You Can Add Funded Accounts Directly

Not all funded accounts come from challenges. If you:

  • Purchased instant funding

  • Received an account another way

  • Are backfilling historical data

You can create funded accounts directly without needing a challenge first.

Common Questions

What if I passed but haven't received funding yet? Mark the challenge as "Completed" and wait to convert until funding is confirmed. You want the funded account to represent a real account you can trade.

What if the prop firm gave me a different account size? You can edit the account size after conversion if the funded amount differs from the challenge amount.

Can I see all my converted challenges? Yes, filter the Challenges table by "Converted to Funded" status to see all challenges that became funded accounts.

Next: Using Filters and Search →