In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

Passing Your Evaluation

When your account equity reaches the profit target for your plan, you've passed your evaluation. The upgrade process begins automatically.

The system monitors your account equity in real time. The moment it detects that you've reached the profit target, the following happens automatically:

  1. All open positions are closed. Every position on your evaluation account is closed at market price.
  2. All pending orders are cancelled.
  3. Your evaluation account status changes to Passed. Trading is disabled on this account.
  4. A new funded account is created. This account is created with trading disabled by default. It will not be activated until you complete the required steps.
  5. You receive a notification. An email and in-app notification confirm that you've passed.

You do not need to do anything to trigger the upgrade. It is fully automatic once the profit target is reached.

On the Overview page, your evaluation account will move to the Closed section with a Passed status. You'll see your final metrics including total equity, UP&L, RP&L, and the target profit you reached.

Your new funded account will appear in the Funded section, but it won't be tradeable yet. You'll need to complete the activation steps first.

After passing, there are three things you need to complete before your funded account is activated:

  1. Sign the Funded Trader Agreement (sent to your email)
  2. Complete full account verification (if you haven't already)
  3. Kraken review of your evaluation account

See Funded Account Activation Process for the full details on each step.

  • Your evaluation account cannot be reused after passing. It is permanently closed.
  • The profit target is based on your account equity, which includes unrealized P&L. If open positions push your equity past the target, the pass is triggered even if you haven't closed those trades yourself.
  • Fees (commissions and margin funding) are deducted before the profit target check. Your equity must reach the target after all fees.

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