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# Buy Now, Pay Later — How It Works

# Buy Now, Pay Later — How It Works

## Overview

Buy Now, Pay Later (BNPL) is a one-step Forex evaluation. You pay **$5 upfront** to start the evaluation. If you pass, you then pay the remaining fee to activate your funded account. If you do not pass, you are not charged the remaining fee.

More details and pricing: https://maventrading.com/faqs#buy-now-pay-later

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## Evaluation Phase Rules

The evaluation is designed to be flexible:

* **Profit target:** 4%
* **Maximum drawdown:** 10%
* **Daily drawdown limit:** None
* **Minimum trading days:** None
* **Consistency score:** Not required

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## Activating the Funded Account

Once you hit the 4% profit target while staying within the 10% maximum drawdown, you unlock a funded account with instant withdrawal access (subject to funded-stage rules). Funded access is unlocked after passing the evaluation, completing KYC, and paying the remaining fee.

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## Funded Account Rules

Additional rules apply once you are funded that do not exist during the evaluation phase:

| Rule | Evaluation | Funded |
| ---- |
| Profit target | 4% | N/A |
| Maximum drawdown | 10% | 8% trailing |
| Daily drawdown (EOD) | None | 4% (resets at 00:00 UTC) |
| Consistency score | Not required | 20% required before each withdrawal |
| M2 Account Saver | Inactive | Active |
| Profit rebuild | Not applicable | Applies |

### What stays the same in the funded stage:
* News trading remains allowed
* No minimum trading days
* Leverage: 75:1
* Profit split: 80%
* Payout frequency: Instant

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## Consistency Score (Funded Stage)

A consistency score measures the stability of your trading performance. You can only withdraw from your BNPL funded account if your consistency score is **20% or lower**.

**Formula:** `Biggest winning day ÷ Total profit × 100%`

If your consistency score exceeds 20%, you must continue trading until it drops below 20% to be eligible for a withdrawal.

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## M2 Account Saver 

The M2 Account Saver. It monitors your combined open-position drawdown in real time and triggers automatically if open positions reach a 2% drawdown:

* **1st breach:** All open trades are closed and your profit split is permanently reduced to 50%.
* **2nd breach:** All open trades are closed and your account is permanently deactivated.

## Profit Rebuild / Safety Buffer Rule

On Buy Now, Pay Later funded accounts, the **Profit Rebuild** rule applies. This means:

* You **cannot withdraw all your profits** without consequence. If you withdraw your entire profit, your account will be **closed**, as no drawdown buffer would remain.
* When requesting a payout, you should **leave a buffer** in your account. This remaining balance acts as your drawdown limit going forward.
* The size of the buffer is at your discretion — however, the smaller the buffer, the smaller the margin for loss before a breach occurs. For example, leaving only $5 means any loss beyond $5 will breach the account.
* After your first payout, the daily and max drawdown rules no longer apply. The buffer you leave behind serves as your effective risk limit.

**Example ($10,000 account):**
* Your equity reaches $10,500. If you withdraw $500, your balance returns to $10,000 — the original maximum drawdown limit — meaning any loss would immediately breach the account.
* If you instead withdraw $400, your balance is $10,100. The 8% trailing drawdown would only activate once your equity reaches $10,800 (8% above $10,000), giving you more room.