Search
Close this search box.

Unlock Your Trading Potential with 2 Step Evaluation for Funding Opportunities

In the realm of proprietary trading, the path to success is often marked by rigorous evaluations that separate the adept from the aspirant. The two-step evaluation process has emerged as a gold standard, providing a comprehensive assessment of a trader’s skills and capabilities. This method ensures that only the most proficient traders gain access to funded accounts, setting the stage for a fruitful trading career.

In this guide, we’ll explore the intricacies of the two-step evaluation process offered by nine prominent prop firms. Each of these firms brings a unique approach to the evaluation process, tailoring their criteria to identify traders with specific strengths and styles. From The Funded Trader to True Forex Funds, each firm offers a distinct journey through their evaluation phases, providing traders with diverse pathways to success.

Join us as we dissect the 2-step evaluation processes of these nine featured prop firms, shedding light on the nuanced criteria, challenges, and opportunities that await traders seeking to thrive in the world of proprietary trading.

Top 9 Forex Prop Firms

We will explore nine esteemed prop firms, each renowned for its unique approach to evaluating and funding traders. These firms stand as beacons of opportunity, each offering a distinctive path to trading success.

The funded trader The funded trader
The Funded Trader
My funded fx My funded fx
My Funded Fx
Blue guardian Blue guardian
Blue Guardian
Bespoke funding Bespoke funding
BeSpoke Funding Program
Skilled funded traders Skilled funded traders
Skilled Funded Traders
E8 markets E8 markets
E8 Markets
Funded trading plus Funded trading plus
Funded Trading Plus
My flash funding My flash funding
My Flash Funding
True forex funds True forex funds
True Forex Funds

The Funded Trader

Embarking on a journey with The Funded Trader means embracing a unique two-phase evaluation process. With three distinct challenges – Standard, Rapid, and Royal – traders have the opportunity to choose a path that aligns with their trading style and goals. Each phase presents its own set of objectives, providing a dynamic platform for traders to showcase their skills and progress towards the coveted funded accounts.

Standard Challenge

Dive into the Standard Challenge, a realm where risk and opportunity harmoniously coexist. This challenge caters to both Swing and Regular trading styles, offering a spectrum of account sizes ranging from $5,000 to a remarkable $400,000. Whether you’re an adept risk manager or a steadfast swing trader, the Standard Challenge empowers you to harness your skills and escalate your trading prowess.

Step 1: TFT Challenge – Paving the Way

The TFT Challenge marks your initial foray into the Standard Challenge, laying the foundation for your trading odyssey. A quick comparison underscores the distinctive attributes of this phase:

  • Trading Period: Enjoy the liberty of an unlimited trading period, granting you ample time to hone your strategies.
  • Minimum Trading Days: An engaging requirement of 3 trading days provides structure to your explorations.
  • Challenge Leverage: A leverage ratio of 1:60 equips you with the power to navigate the markets with precision.
  • Profit Target: Aim high with a profit target of $40,000 USD (10%), showcasing your capacity for capitalizing on market trends.
  • Maximum Loss: Prudent risk management is upheld with a maximum loss ceiling of $40,000 USD (10%).
  • Maximum Daily Loss: A daily safeguard of $20,000 USD (5%) ensures steady progression.
  • Drawdown Type: Balance and equity preservation remain the cornerstones of your drawdown strategy.
  • Profit Split: A customizable profit split allows you to structure earnings to your advantage.
  • Weekend Holding: Holding over the weekends is encouraged, ensuring you capitalize on every opportunity.
  • Expert Advisors: Expert advisors are not integrated within this phase.
  • First Withdrawal: Your maiden withdrawal becomes available after 30 days since the first trade.
  • Refundable Fees: A modest investment of $1,879 USD opens the gateway to this phase.
Step 2: Verification – Scaling Your Horizons

Transitioning into Step 2, the Verification phase, signifies your progression to the next level within the Standard Challenge. Let’s delve into the intricacies that shape this phase:

  • Trading Period: The trading period remains unlimited, allowing you to further refine your strategies.
  • Minimum Trading Days: As before, a requirement of 3 trading days ensures your engagement remains consistent.
  • Challenge Leverage: Maintaining a leverage ratio of 1:60, this phase capitalizes on your familiarity with precision.
  • Profit Target: The profit target undergoes a transition, now set at $20,000 USD (5%), demonstrating your agility in adapting to shifting market conditions.
  • Maximum Loss: Risk management remains paramount, with a maximum loss cap of $40,000 USD (10%).
  • Maximum Daily Loss: Steady progress is safeguarded through a daily loss ceiling of $20,000 USD (5%).
  • Drawdown Type: The drawdown strategy retains its focus on both balance and equity preservation.
  • Profit Split: As in Step 1, a personalized profit split empowers you to optimize your earnings.
  • Weekend Holding: The continuity of weekend trading remains a prominent feature, enabling uninterrupted participation.
  • Expert Advisors: Expert advisors do not form a part of this phase.
  • First Withdrawal: After skillfully navigating this phase, your first withdrawal becomes accessible.
  • Refundable Fees: Strikingly, the fees are waived for this phase, reflecting The Funded Trader’s commitment to nurturing your growth.

Rapid Challenge

For the enterprising traders seeking swift progression, the Rapid Challenge awaits your command. This challenge encompasses both Swing and Regular trading styles, with account sizes ranging from $5,000 to $200,000. Within a shorter spectrum, this challenge grants you an expedited path to funding, unlocking the doors to financial success in a fraction of the time.

Step 1: TFT Challenge – Laying the Foundation

The TFT Challenge marks your first step into the Rapid Program, setting the stage for an exhilarating journey. A swift comparison highlights the nuances that make this phase distinct:

  • Trading Period: A 35-day sprint that compels traders to demonstrate their prowess within a defined timeframe.
  • Minimum Trading Days: Zero trading days required. Here, your strategic choices take precedence.
  • Challenge Leverage: A leverage ratio of 1:30, optimizing your potential to navigate the markets with precision.
  • Profit Target: Aiming for a profit target of $16,000 (8%) showcases your ability to capitalize on market movements.
  • Maximum Loss: A safety net is in place with a maximum loss capped at $16,000 (8%).
  • Maximum Daily Loss: A daily safeguard of $10,000 (5%) ensures prudent risk management.
  • Drawdown Type: Focusing on balance as the cornerstone of drawdown type.
  • Profit Split: A customizable element, opening doors to tailored profit distribution.
  • Weekend Holding: Holding over the weekends is permitted, allowing you to seize opportunities regardless of the calendar.
  • First Withdrawal: Akin to planting your flag, a withdrawal becomes available after 14 days of successful trading.
  • Free Repeat: The prospect of another attempt is extended, underscoring the commitment to your growth.
  • Refundable Fees: An investment of $899 USD opens the gateway to this phase.
Step 2: Verification – Scaling Your Skillset

Transitioning into Step 2, the Verification phase, symbolizes the ascension to the next level of the Rapid Program. Let’s delve into the intricacies:

  • Trading Period: Extended to 60 days, offering ample time to showcase consistent and informed decision-making.
  • Minimum Trading Days: As in Step 1, no minimum trading days are imposed, granting flexibility.
  • Challenge Leverage: Maintaining a leverage ratio of 1:30, harnessing your potential remains paramount.
  • Profit Target: The profit target undergoes an adjustment, now set at $10,000 (5%), demonstrating your adeptness in adapting.
  • Maximum Loss: Retaining a safety net with a maximum loss ceiling of $16,000 (8%).
  • Maximum Daily Loss: Consistency remains key, with a daily loss capped at $10,000 (5%).
  • Drawdown Type: Balance preservation continues to be central to the drawdown strategy.
  • Profit Split: As in Step 1, a customized profit split empowers you to structure your earnings.
  • Weekend Holding: Weekend opportunities persist, ensuring you’re not limited by the calendar.
  • First Withdrawal: After successfully navigating this phase, a withdrawal beckons after a 14-day period.
  • Free Repeat: The chance for another attempt remains, demonstrating The Funded Trader’s commitment to your evolution.
  • Refundable Fees: Remarkably, the fees are waived for this phase, underscoring our belief in your potential.

Royal Challenge

Enter the realm of the Royal Challenge, where the stakes are higher, and the rewards more extravagant. Tailored for those who dare to dream big, this challenge offers account sizes starting from $50,000 and reaching an impressive $400,000. Here, you’ll wield the tools of expert advisors and unrestricted trade copiers, allowing you to navigate the financial markets with finesse.

Step 1: TFT Challenge – Paving the Path

The TFT Challenge serves as your entry point into the Royal Challenge, where you lay the foundation for an exceptional trading odyssey. Delve into a quick comparison to grasp the essence of this phase:

  • Trading Period: Boundless possibilities await with an unlimited trading period, allowing you to navigate the markets at your own pace.
  • Minimum Trading Days: A modest requirement of 5 trading days offers structure to your journey.
  • Challenge Leverage: Step into the world of trading with a leverage ratio of 1:200, amplifying your potential.
  • Profit Target: Set your sights on a profit target of $32,000 (8%), showcasing your aptitude for capitalizing on market movements.
  • Maximum Loss: Prudent risk management is upheld with a maximum loss ceiling of $40,000 (10%).
  • Maximum Daily Loss: A daily safety net of $20,000 (5%) ensures stability in the face of market fluctuations.
  • Expert Advisors: Empower your trading endeavors with the wisdom of expert advisors, providing you with valuable insights.
  • Drawdown Type: Balance and equity harmonize as the drawdown type, safeguarding your financial stability.
  • Profit Split: Customizable profit splits enable you to shape your earnings according to your success.
  • First Withdrawal: A gesture of accomplishment, the first withdrawal becomes available after 30 days of successful trading.
  • Free Repeat: The chance for a repeat is at your disposal, underscoring The Funded Trader’s commitment to nurturing your growth.
  • Refundable Fees: An investment of $1,869 USD opens the gateway to this phase of regal exploration.
Step 2: Verification – Ascending to Eminence

Transitioning into Step 2, the Verification phase, symbolizes the elevation to greater heights within the Royal Program. Delve into the intricacies of this phase:

  • Trading Period: Your trading canvas remains unlimited, ensuring ample time to demonstrate your trading acumen.
  • Minimum Trading Days: A continuity of 5 trading days upholds the commitment to consistent engagement.
  • Challenge Leverage: The leverage ratio retains its potency at 1:200, equipping you for strategic trading.
  • Profit Target: The profit target undergoes a calculated adjustment, now set at $20,000 (5%), showcasing your adaptability.
  • Maximum Loss: Prudent risk management continues with a maximum loss ceiling of $40,000 (10%).
  • Maximum Daily Loss: Daily loss safeguards are maintained at $20,000 (5%).
  • Expert Advisors: The wisdom of expert advisors continues to guide your trading journey.
  • Drawdown Type: Balance and equity retain their prominence as the drawdown strategy.
  • Profit Split: Reflecting your growth, profit splits remain customizable, shaping your financial outcomes.
  • First Withdrawal: The triumph of this phase is celebrated with a withdrawal becoming available after 30 days.
  • Free Repeat: The potential for a repeat remains, a testament to The Funded Trader’s commitment to your development.
  • Refundable Fees: Notably, the fees are waived for this phase, reflecting our unwavering belief in your potential.

My Funded FX

In the realm of trading, where strategy meets opportunity, My Funded FX beckons with a selection of distinct pathways, each offering a unique adventure towards financial mastery. As you embark on this journey, let’s delve into the pathways that await, each like a secret door leading to your own version of success.

  • 2-Step Normal
  • 2-Step Pro

2-Step Normal MyFundedFX

1. Trading Challenge – Shaping Your Trading Legacy
  • Trading Period: Embark on an unlimited trading period where your potential knows no bounds.
  • Profit Target: Set your sights on an 8% profit target, using your trading prowess to reach new heights.
  • Minimum Trading Days: Demonstrate your consistency and skill with a minimum of 1 trading day.
  • Max Initial Account Balance Loss: Maintain a safety net of 8% to safeguard against initial account balance loss.
  • Maximum Daily Loss: Keep your risk in check with a maximum daily loss of 5%.
  • Your Trading Style: Choose your own path and embrace your trading style as you conquer the challenge.
2. Verification – Elevating Your Mastery
  • Trading Period: Continue your journey with an unlimited trading period in the Verification phase.
  • Profit Target: Set a 5% profit target to validate your trading prowess and skill.
  • Minimum Trading Days: Showcase your consistency with a minimum of 1 trading day.
  • Max Initial Account Balance Loss: Uphold a safety net of 8% to protect your initial account balance.
  • Maximum Daily Loss: Maintain disciplined risk management with a maximum daily loss of 5%.
  • Skill Proven: Prove your trading proficiency extends beyond luck, solidifying your expertise.

Embark on the 2-Step Normal MyFundedFX journey, where your dedication, skills, and passion converge to unlock proprietary trading mastery.

2-Step Pro MyFundedFX

1. Trading Challenge – Carving Your Trading Legacy
  • Trading Period: Unleash your potential in an unlimited trading period, marked by boundless opportunities.
  • Profit Target: Set your sights on an impressive 8% profit target, showcasing your trading prowess.
  • Minimum Trading Days: Establish consistency and skill with a minimum of 1 trading day.
  • Max Initial Account Balance Loss: Safeguard against initial account balance loss with a 10% safety net.
  • Maximum Daily Loss: Exercise prudent risk management with a maximum daily loss of 5%.
  • Your Trading Style: Embrace your unique trading style as you navigate this challenge, seizing your destiny.
2. Verification – Elevating Your Expertise
  • Trading Period: Extend your journey within an unlimited trading period during the Verification phase.
  • Profit Target: Validate your trading acumen with a 5% profit target, proving consistent success.
  • Minimum Trading Days: Demonstrate your trading discipline with a minimum of 1 trading day.
  • Max Initial Account Balance Loss: Uphold a safety net of 10% to protect your initial account balance.
  • Maximum Daily Loss: Maintain rigorous risk management with a maximum daily loss of 5%.
  • Expertise Affirmed: Go beyond chance and affirm your trading expertise through sustained performance.

Seize the opportunity with the 2-Step Pro MyFundedFX Account, where your dedication converges with advanced trading tools to propel you toward unparalleled success.

Blue Guardian

The Blue Guardian offers traders a dual opportunity for growth and success with its Unlimited Guardian Evaluation Program and the exclusive Elite Guardian Evaluation Program. These two-phase challenges are designed to refine trading skills and unlock the potential for funded trading endeavors.

Unlimited Guardian Evaluation Program

Account Balances:
  1. $10,000
  2. $25,000
  3. $50,000
  4. $100,000
  5. $200,000
Phase 1
  • Balance: $10,000
  • Minimum Trading Days: You are not required to trade a minimum number of days.
  • Profit Target: Achieve a profit of $800 (8%) to successfully complete Phase 1.
  • Maximum Loss: Your account should not incur losses exceeding $800 (8%).
  • Maximum Daily Loss: Limit daily losses to $400 (4%).
  • Account Leverage: You’ll have access to 1:100 maximum leverage.
  • Profit Split: Upon successful completion, you’ll receive an 85% profit split.
  • Refundable Fee: To start, there is a $87 refundable fee.
Phase 2
  • Balance: $25,000
  • Minimum Trading Days: Similar to Phase 1, there is no minimum trading day requirement.
  • Profit Target: In Phase 2, aim to achieve a profit of $400 (4%).
  • Maximum Loss: Maintain losses within $800 (8%) of your account balance.
  • Maximum Daily Loss: Continue to limit daily losses to $400 (4%).
  • Account Leverage: You’ll continue to enjoy 1:100 maximum leverage.
  • Profit Split: Your profit split remains at 85% for successful Phase 2 completion.
  • Refundable Fee: For Phase 2, the fee is waived, and it is free to participate.

Elite Guardian Evaluation Program

Account Balances:
  1. $10,000
  2. $25,000
  3. $50,000
  4. $100,000
  5. $200,000
Phase 1:
  • Trading Period: Unlimited – You have ample time to prove your abilities and meet the criteria.
  • Minimum Trading Days: Trade actively for at least 5 days during this phase, demonstrating consistency.
  • Profit Target: Aim to achieve a profit of $800 (8%) based on your account balance, showcasing your profitable strategies.
  • Maximum Loss: Limit your maximum loss to $1,000 (10% of the account balance), emphasizing risk management.
  • Maximum Daily Loss: Ensure your daily loss does not exceed $400 (4%), promoting cautious trading.
  • Account Leverage: Utilize a maximum leverage of 1:50, managing risk and potential gains.
  • Profit Split: Receive 85% of the profits you earn, offering a substantial share of your successful trades.
  • Refundable Fee: Pay a one-time refundable fee of $120 to join, providing access to the program.
Phase 2:
  • Trading Period: Similar to Phase 1, the trading period remains unlimited, allowing ongoing assessment.
  • Minimum Trading Days: Maintain a minimum of 5 active trading days, ensuring consistent engagement.
  • Profit Target: Target a profit of $400 (4%) in this phase, reinforcing your trading proficiency.
  • Maximum Loss: Keep your maximum loss at $1,000 (10% of the account balance), maintaining risk control.
  • Maximum Daily Loss: The daily loss should not exceed $400 (4%), emphasizing steady performance.
  • Account Leverage: Maintain a maximum leverage of 1:50, balancing risk and potential returns.
  • Profit Split: Continue receiving 85% of the profits you generate, rewarding your trading success.
  • Refundable Fee: No fee required in this phase (Free), offering a cost-free continuation.

BeSpoke Funding Program

Embarking on the BeSpoke Funding Program is a journey marked by precision and adaptability. With its distinct two-phase evaluation process, traders face a unique opportunity to showcase their trading prowess. The program offers two distinct challenges, the Classic Challenge and the Rapid Challenge, each tailored to different trading styles and preferences.

Classic Challenge - Crafting Your BeSpoke Success

  • Account Price: Begin your journey with a $129 investment for a 10k challenge account, gaining access to a wealth of opportunities.
  • Leverage: Leverage your trading potential with a 1:60 ratio, enhancing your trading capacity.
  • Minimum Trading Days: Showcase your commitment with a minimum of 3 trading days.
  • Maximum Trading Days: Embrace flexibility with no time limits on trading.
  • Phase 1 Target: Set your sights on an 8% profit target in the initial phase, a testament to your trading acumen.
  • Phase 2 Target: Elevate your performance with a 5% profit target in the second phase.
  • Max Loss: Maintain a 10% safety net to protect against initial account balance loss.
  • Max Daily Loss: Exercise disciplined risk management with a maximum daily loss of 5% (Balance Based).
  • Profit Split: Reap the rewards of your success with a profit split of 80%.
  • Weekend Holding: Seize opportunities beyond weekdays with weekend holding.
  • Refundable Fee: Initiate your journey with a 100% refundable fee, ensuring a risk-free start.
  • Available Account Sizes: Choose the account size that aligns with your aspirations: $10,000, $25,000, $50,000, $100,000, $200,000, $300,000, and $400,000.

Rapid Challenge - Accelerating Your BeSpoke Journey

  • Account Price: Initiate your rapid journey with an investment of $99 for a 10k challenge, unlocking the realm of possibilities.
  • Challenge Leverage: Harness the power of a 1:100 leverage ratio, magnifying your trading potential.
  • Minimum Trading Days: Showcase your readiness with a minimum of 0 trading days, proving your trading prowess.
  • Maximum Trading Days: Embrace the limitless possibilities of trading with no time constraints.
  • Phase 1 Target: Set your aim on an impressive 8% profit target in the initial phase, a testament to your trading skills.
  • Phase 2 Target: Elevate your performance with a 5% profit target in the second phase.
  • Max Loss: Maintain a safety net of 8% to ensure stability against initial account balance loss.
  • Max Daily Loss: Exercise prudent risk management with a maximum daily loss of 5% (Balance Based).
  • Profit Split: Reap the rewards of your success with a profit split of 80%.
  • Weekend Holding: Embrace opportunities beyond weekdays with the allowance of holding positions over the weekend.
  • Refundable Fee: Start your rapid challenge journey with a 100% refundable fee, guaranteeing a risk-free initiation.
  • Available Account Sizes: Choose the account size that aligns with your aspirations: $10,000, $25,000, $50,000, $100,000, $200,000, $300,000, and $400,000.

Skilled Funded Traders

Embarking on the journey with Skilled Funded Traders means facing a dual-phase evaluation process, offering traders a choice between the Swing Challenge and the Regular Challenge. Each presents a unique set of objectives and criteria, tailored to different trading styles and preferences. Let’s dive into the intricacies of these challenges, designed to elevate traders to new heights of success.

Swing Challenge

The Swing Challenge caters to those who excel in astute decision-making and calculated moves. Crafted for swing trading enthusiasts, this challenge aligns with your risk tolerance and trading goals. Choose between an 8% or 10% drawdown option, each striking a balance between caution and ambition. Account sizes ranging from $5,000 to $200,000 allow you to scale your ambitions in sync with your progress.

For 8% Drawdown
Step 1: Challenge – Laying the Foundation
  • Trading Period: Enjoy an unrestricted timeframe for trading, allowing you to refine your strategies at your own pace.
  • Minimum Trading Days: Engage in a minimum of 3 trading days, fostering consistency and skill development.
  • Trading Leverage: Access a maximum leverage of 1:30, providing ample trading power while maintaining risk management.
  • Maximum Daily Loss: Safeguard your account with a maximum daily loss of $10,000 (or 5% of your Account), ensuring controlled risk.
  • Maximum Overall Loss: Set at $16,000 (or 8% of your Account), this serves as a safety net to protect your capital during market fluctuations.
  • Profit Target: Aim for a profit target of $16,000 (or 8% of your Account), aligning ambition with achievable goals.
  • Weekend Holding: Enjoy the flexibility of holding trades over weekends, capitalizing on potential market shifts.
  • News Trading: Capitalize on news events with the option for news trading, harnessing market volatility for potential gains.
  • First Withdrawal: In this phase, the first withdrawal is not applicable as you build your trading foundation.
  • Profit Split: The profit split is not applicable during the Challenge phase.
  • Refundable Fee: Pay a refundable fee of $839 to initiate this enriching journey.
Step 2: Verification – Proving Your Skill
  • Trading Period: Similar to the Challenge phase, experience unlimited trading days to demonstrate your trading prowess.
  • Minimum Trading Days: Maintain a minimum of 3 trading days, reinforcing consistent trading habits.
  • Trading Leverage: Continue with a maximum leverage of 1:30, ensuring optimal trading conditions.
  • Maximum Daily Loss: Preserve your capital with a maximum daily loss of $10,000 (or 5% of your Account), mitigating risks.
  • Maximum Overall Loss: Uphold a safety net of $16,000 (or 8% of your Account) as you verify your skills in the dynamic market.
  • Profit Target: Target a profit of $10,000 (or 5% of your Account), showcasing your trading acumen during this phase.
  • Weekend Holding: Similar to the Challenge phase, enjoy weekend holding for strategic advantage.
  • News Trading: Continue utilizing news trading as part of your skill verification process.
  • First Withdrawal: The first withdrawal remains not applicable in the Verification phase.
  • Profit Split: The profit split remains not applicable during this phase, focusing on skill evaluation.
  • Refundable Fee: Benefit from a fee waiver during the Verification phase, enhancing your risk-free experience.
For 10% Drawdown
Step 1: Challenge – Laying the Foundation
  • Trading Period: Embark on a journey with an unlimited trading period, giving you ample time to refine your trading skills.
  • Minimum Trading Days: Commit to at least 3 trading days, fostering consistency and skill development.
  • Trading Leverage: Access a maximum leverage of 1:30, combining trading power with prudent risk management.
  • Maximum Daily Loss: Safeguard your account with a maximum daily loss of $10,000 (or 5% of your Account), ensuring controlled risk.
  • Maximum Overall Loss: Set at $20,000 (or 10% of your Account), providing an additional buffer for managing market fluctuations.
  • Profit Target: Aim for a profit target of $16,000 (or 8% of your Account), aligning ambition with achievable goals.
  • Weekend Holding: Enjoy the flexibility of holding trades over weekends, capitalizing on potential market shifts.
  • News Trading: Yes, you can engage in news trading to leverage market volatility.
  • First Withdrawal: Not Applicable during this phase.
  • Profit Split: Not Applicable during the Challenge phase.
  • Refundable Fee: Initiate your journey with a refundable fee of $1049.
Step 2: Verification – Proving Your Skill
  • Trading Period: Experience an unlimited trading period to demonstrate your trading prowess.
  • Minimum Trading Days: Maintain consistency with a minimum of 3 trading days.
  • Trading Leverage: Continue with a maximum leverage of 1:30, ensuring optimal trading conditions.
  • Maximum Daily Loss: Preserve your capital with a maximum daily loss of $10,000 (or 5% of your Account).
  • Maximum Overall Loss: Uphold a safety net of $20,000 (or 10% of your Account) as you verify your trading skill.
  • Profit Target: Target a profit of $10,000 (or 5% of your Account) to showcase your trading proficiency.
  • Weekend Holding: Benefit from weekend holding for strategic trading decisions.
  • News Trading: Continue leveraging news trading during this phase.
  • First Withdrawal: The first withdrawal remains not applicable in the Verification phase.
  • Profit Split: Not Applicable during this phase, focusing on skill verification.
  • Refundable Fee: Enjoy a fee waiver during the Verification phase, enhancing your risk-free experience.

Embark on the 10% Drawdown Challenge, where each step propels you towards mastering the financial markets.

Regular Challenge

The Regular Challenge immerses you in the dynamics of active trading. Designed for traders who thrive on market fluctuations, it presents similar drawdown choices – 8% or 10%. Tailor your journey further by selecting account sizes from $5,000 to $200,000

For 8% Drawdown
Step 1: Challenge – Unveiling the Potential
  • Trading Period: Embark on an unlimited trading period, enabling you to refine your strategies over time.
  • Minimum Trading Days: Cultivate discipline through a minimum of 3 trading days, fostering consistency and skill development.
  • Trading Leverage: Utilize a maximum leverage of 1:100, striking a balance between trading power and risk management.
  • Maximum Daily Loss: Safeguard your account with a maximum daily loss of $10,000 (or 5% of your Account), ensuring controlled risk.
  • Maximum Overall Loss: Maintain a safety net of $16,000 (or 8% of your Account), providing resilience against market fluctuations.
  • Profit Target: Aim for a profit target of $16,000 (or 8% of your Account), aligning ambition with attainable goals.
  • Weekend Holding: The option for weekend holding is not available in this challenge.
  • News Trading: Embrace news trading to capitalize on market volatility and news events.
  • First Withdrawal: Not Applicable during this phase.
  • Profit Split: Not Applicable during the Challenge phase.
  • Refundable Fee: Begin your journey with a refundable fee of $839.
Step 2: Verification – Demonstrating Your Skill
  • Trading Period: Experience an unlimited trading period to showcase your trading prowess.
  • Minimum Trading Days: Maintain consistency with a minimum of 3 trading days, emphasizing disciplined trading habits.
  • Trading Leverage: Retain a maximum leverage of 1:100 for optimal trading conditions.
  • Maximum Daily Loss: Uphold a maximum daily loss of $10,000 (or 5% of your Account) to manage risks effectively.
  • Maximum Overall Loss: Safeguard your capital with a safety net of $16,000 (or 8% of your Account) during skill verification.
  • Profit Target: Target a profit of $10,000 (or 5% of your Account) to validate your trading acumen.
  • Weekend Holding: The option for weekend holding remains unavailable in this phase.
  • News Trading: Continue leveraging news trading as part of your skill verification process.
  • First Withdrawal: The first withdrawal remains not applicable in the Verification phase.
  • Profit Split: Not Applicable during this phase, focusing on skill validation.
  • Refundable Fee: Experience a fee waiver during the Verification phase, enhancing your risk-free journey.
 
For 10% Drawdown
Step 1: Challenge – Unveiling the Path
  • Trading Period: Engage in an unlimited trading period, allowing you to refine strategies at your own pace.
  • Minimum Trading Days: Cultivate consistency with a minimum of 3 trading days, nurturing skill development.
  • Trading Leverage: Utilize a maximum leverage of 1:100, combining trading power with risk management.
  • Maximum Daily Loss: Safeguard your account with a maximum daily loss of $10,000 (or 5% of your Account), controlling risk.
  • Maximum Overall Loss: Maintain a safety net of $20,000 (or 10% of your Account), cushioning against market fluctuations.
  • Profit Target: Aim for a profit target of $16,000 (or 8% of your Account), balancing ambition and attainable goals.
  • Weekend Holding: The option for weekend holding is not available in this challenge.
  • News Trading: Embrace news trading to capitalize on market volatility and news events.
  • First Withdrawal: Not Applicable in this phase.
  • Profit Split: Not Applicable during the Challenge phase.
  • Refundable Fee: Begin your journey with a refundable fee of $1049.
Step 2: Verification – Proving Your Expertise
  • Trading Period: Experience an unlimited trading period, showcasing your trading prowess.
  • Minimum Trading Days: Cultivate discipline with a minimum of 3 trading days, reinforcing consistent habits.
  • Trading Leverage: Retain a maximum leverage of 1:100 for optimal trading conditions.
  • Maximum Daily Loss: Uphold a maximum daily loss of $10,000 (or 5% of your Account) to manage risks.
  • Maximum Overall Loss: Safeguard your capital with a safety net of $20,000 (or 10% of your Account) during skill verification.
  • Profit Target: Target a profit of $10,000 (or 5% of your Account) to validate your trading acumen.
  • Weekend Holding: The option for weekend holding remains unavailable in this phase.
  • News Trading: Continue leveraging news trading as part of your skill verification process.
  • First Withdrawal: The first withdrawal remains not applicable in the Verification phase.
  • Profit Split: Not Applicable during this phase, focusing on skill validation.
  • Refundable Fee: Benefit from a fee waiver during the Verification phase, enhancing your risk-free journey.

Step into the 10% Drawdown Challenge, where your strategic acumen intertwines with opportunity, guiding you towards trading mastery and financial success.

E8 Markets

At E8 Markets, traders embark on a transformative journey through two distinct evaluation phases, each tailored to hone specific trading skills. The E8 Account and the ELEV8 Account present traders with unique challenges, setting the stage for a dynamic trading career.

E8 Account

Normal E8 Account
Phase 1
  • Profit Target: Generate a profit of $8,000 by executing successful trades.
  • Min. Trading Days: No specific minimum trading days are required, giving you flexibility.
  • Max. Trading Days: Take your time, as there’s no limit to how long you can work towards your target.
  • Daily Drawdown: Keep your daily losses within $5,000 to manage risk effectively.
  • Overall Drawdown: Ensure your total drawdown does not exceed $8,000, maintaining account stability.
  • Refundable Fee: An initial registration fee of $588 is required, which will be refunded upon achieving the target.
Phase 2
  • Profit Target: Reach a profit of $5,000 to advance to the next stage.
  • Min. Trading Days: Similar to Phase 1, there is no minimum trading day requirement in this phase.
  • Max. Trading Days: Take the time you need to meet the profit target, as there’s no time limit.
  • Daily Drawdown: Maintain a maximum daily loss of $5,000 to ensure consistent risk management.
  • Overall Drawdown: Your overall drawdown limit remains at $8,000, demonstrating your trading discipline.
  • Refundable Fee: No additional fee is required for Phase 2.
Extended E8 Account
Phase 1
  • Profit Target: Achieve a profit of $8,000 through your trading endeavors.
  • Min. Trading Days: Trade a minimum of 5 days to showcase consistency.
  • Max. Trading Days: Similar to the normal account, there’s no maximum limit to trading days.
  • Daily Drawdown: Keep daily losses within $5,000 to effectively manage risk.
  • Overall Drawdown: Maintain an overall drawdown below $10,000 while aiming for your profit target.
  • Refundable Fee: An initial registration fee of $588 is required, refundable upon meeting the criteria.
Phase 2
  • Profit Target: Reach a profit of $5,000 in this phase to proceed.
  • Min. Trading Days: Trade a minimum of 5 days to demonstrate your trading abilities.
  • Max. Trading Days: Similar to previous phases, there’s no restriction on the maximum trading days.
  • Daily Drawdown: Maintain daily losses within $5,000 to preserve your capital effectively.
  • Overall Drawdown: Your overall drawdown limit remains at $10,000, ensuring prudent risk management.
  • Refundable Fee: No additional fee is necessary for Phase 2.

ELEV8 Account

Phase 1
  • Profit Target: Aim to achieve a profit target of $8,000 during this initial phase of evaluation.
  • Min. Trading Days: No specific minimum trading days required, allowing flexibility in your trading approach.
  • Max. Trading Days: Enjoy an unlimited time frame to complete this phase, giving you ample opportunity to showcase your skills.
  • Daily Drawdown: Keep your daily drawdown within $5,000 to manage risk effectively.
  • Overall Drawdown: Maintain an overall drawdown within $8,000 to demonstrate consistent trading performance.
  • Evaluation Fee: An evaluation fee of $888 is applicable for this phase, providing access to the evaluation process.
Phase 2
  • Profit Target: After successfully progressing to Phase 2, target a profit of $5,000 to demonstrate your continued trading proficiency.
  • Min. Trading Days: Similar to Phase 1, there’s no specific minimum trading days requirement.
  • Max. Trading Days: Continue to enjoy an unlimited time frame during Phase 2, allowing you to trade without time pressure.
  • Daily Drawdown: Maintain a daily drawdown within $5,000 to ensure controlled risk management.
  • Overall Drawdown: Your overall drawdown limit remains at $8,000, showcasing your consistency and risk management skills.
  • Evaluation Fee: Phase 2 doesn’t have an evaluation fee, indicating that you’ve successfully progressed from Phase 1.

Funded Trading Plus

Embarking on the path to funded trading with Funded Trading Plus is a journey marked by distinct phases. The Phase-Two Evaluation stands as the crucible where traders prove their mettle and transition from evaluation to the coveted realm of funded accounts.

In this intricate dance of skill and strategy, the Phase-Two Evaluation challenges traders to showcase their expertise, setting the stage for a flourishing trading journey. Let’s delve into the details of this pivotal phase.

Premium Evaluation

Phase 1
  • Maximum Trading Days: Traders have an unlimited number of trading days during Phase One.
  • Profit Split: The profit split percentage is not specified (x).
  • Profit Target: Traders need to achieve a profit target of 8%.
  • Minimum Trading Days: There is no minimum requirement for trading days during Phase One.
  • Maximum Leverage: Traders can utilize a maximum leverage of 30:1.
  • Maximum Loss: The maximum allowable loss is 8% of the initial deposit or $8,000 ($92,000 balance).
  • Daily Loss: Traders should not exceed a daily loss of 4% of the initial deposit, which is $4,000.
  • Scaling Plan: The scaling plan is not specified (x).
  • Min. Withdrawal Criteria: The criteria for minimum withdrawal are not specified (x).
  • Minimum Withdrawal Amount: The minimum withdrawal amount is not specified (x).
  • EAs Allowed: Traders are allowed to use Expert Advisors (EAs) for automated trading.
  • Maximum Lot Size: There is no hard limit on the maximum lot size; it is limited only by available margin.
  • Hold Over the Weekend: Traders can hold positions over the weekend.
  • Stop Loss Required: There is no requirement for a mandatory stop loss.
  • Refundable Fee: Traders need to pay a refundable fee.
Phase 2
  • Maximum Trading Days: Traders have an unlimited number of trading days during Phase Two.
  • Profit Split: The profit split percentage is not specified (x).
  • Profit Target: Traders need to achieve a profit target of 5%.
  • Minimum Trading Days: There is no minimum requirement for trading days during Phase Two.
  • Maximum Leverage: Traders can utilize a maximum leverage of 30:1.
  • Maximum Loss: The maximum allowable loss is 8% of the initial deposit or $8,000 ($92,000 balance).
  • Daily Loss: Traders should not exceed a daily loss of 4% of the initial deposit, which is $4,000.
  • Scaling Plan: The scaling plan is not specified (x).
  • Min. Withdrawal Criteria: The criteria for minimum withdrawal are not specified (x).
  • Minimum Withdrawal Amount: The minimum withdrawal amount is not specified (x).
  • EAs Allowed: Traders are allowed to use Expert Advisors (EAs) for automated trading.
  • Maximum Lot Size: There is no hard limit on the maximum lot size; it is limited only by available margin.
  • Hold Over the Weekend: Traders can hold positions over the weekend.
  • Stop Loss Required: There is no requirement for a mandatory stop loss.
  • Refundable Fee: The refundable fee is waived for Phase Two.

Advanced Evaluation

Phase 1
  • Maximum Trading Days: Traders have an unlimited number of trading days during Phase One.
  • Profit Split: The profit split percentage is not specified (x).
  • Profit Target: Traders need to achieve a profit target of 10%.
  • Minimum Trading Days: There is no minimum requirement for trading days during Phase One.
  • Maximum Leverage: Traders can utilize a maximum leverage of 30:1.
  • Maximum Loss: The maximum allowable loss is 10% of the initial deposit or $10,000 ($90,000 balance).
  • Daily Loss: Traders should not exceed a daily loss of 5% of the initial deposit, which is $5,000.
  • Scaling Plan: The scaling plan is not specified (x).
  • Min. Withdrawal Criteria: The criteria for minimum withdrawal are not specified (x).
  • Minimum Withdrawal Amount: The minimum withdrawal amount is not specified (x).
  • EAs Allowed: Traders are allowed to use Expert Advisors (EAs) for automated trading.
  • Maximum Lot Size: There is no hard limit on the maximum lot size; it is limited only by available margin.
  • Hold Over the Weekend: Traders cannot hold positions over the weekend.
  • Stop Loss Required: Traders are required to use a stop loss.
  • Refundable Fee: Traders need to pay a refundable fee.
Phase 2
  • Maximum Trading Days: Traders have an unlimited number of trading days during Phase Two.
  • Profit Split: The profit split percentage is not specified (x).
  • Profit Target: Traders need to achieve a profit target of 5%.
  • Minimum Trading Days: There is no minimum requirement for trading days during Phase Two.
  • Maximum Leverage: Traders can utilize a maximum leverage of 30:1.
  • Maximum Loss: The maximum allowable loss is 10% of the initial deposit or $10,000 ($90,000 balance).
  • Daily Loss: Traders should not exceed a daily loss of 5% of the initial deposit, which is $5,000.
  • Scaling Plan: The scaling plan is not specified (x).
  • Min. Withdrawal Criteria: The criteria for minimum withdrawal are not specified (x).
  • Minimum Withdrawal Amount: The minimum withdrawal amount is not specified (x).
  • EAs Allowed: Traders are allowed to use Expert Advisors (EAs) for automated trading.
  • Maximum Lot Size: There is no hard limit on the maximum lot size; it is limited only by available margin.
  • Hold Over the Weekend: Traders cannot hold positions over the weekend.
  • Stop Loss Required: Traders are required to use a stop loss.
  • Refundable Fee: The refundable fee is waived for Phase Two.

My Flash Funding

Embarking on the path to trading success with My Flash Funding involves a structured journey through a meticulously designed two-step evaluation process. This distinctive approach provides traders with a comprehensive assessment of their skills and readiness to navigate the markets. With each phase tailored to progressively challenge and refine trading abilities, My Flash Funding paves the way for traders to demonstrate their proficiency and earn the coveted ticket to funded trading accounts.

Step 1 – Challenge
  • Simulated Trading Period: Unlimited time is given for this challenge.
  • Simulated Minimum Trading Days: There are no minimum trading day requirements.
  • Simulated Maximum Daily Loss: You’re allowed a maximum daily loss of $400 (4% of your initial capital).
  • Simulated Maximum Loss: The maximum cumulative loss allowed in this step is $800 (8% of your initial capital).
  • Virtual Profit Target: The goal for this step is to achieve a profit of $600 (6% of your initial capital).
  • Refundable Fee: A fee of $97 is applicable for this step, which may be refundable based on specific conditions.
Step 2 – Verification
  • Simulated Trading Period: You have unlimited time for verification.
  • Simulated Minimum Trading Days: There are no minimum trading day requirements for verification.
  • Simulated Maximum Daily Loss: The maximum daily loss allowed during verification is $400 (4% of your initial capital).
  • Simulated Maximum Loss: The maximum cumulative loss in this step is $800 (8% of your initial capital).
  • Virtual Profit Target: No specific profit target is set for this step.
  • Refundable Fee: This step is free.

True Forex Funds

To unlock access to the company’s capital, traders are required to successfully navigate our 2-Phase Evaluation Program. Demonstrating your trading prowess involves meeting realistic Profit Targets, and as True Forex Funds seeks out exceptional talent, we’ve outlined straightforward Trading Objectives that traders must adhere to.

Phase 1: Initiating the Evaluation Process
  • Profit Target: Aim for an attainable 8% profit.
  • Minimum Trading Days: No rigid daily trading commitment, giving you the flexibility to trade as your strategy dictates.
  • Maximum Daily Loss: A 5% daily loss threshold ensures prudent risk management.
  • Maximum Overall Loss: Maintain a disciplined approach with a 10% cap on overall losses.
  • Time Limit: With no imposed time constraint, you can operate at your own pace.
  • Registration Fee: A nominal registration fee is applicable.
Phase 2: The Gateway to Funded Trader Status
  • Profit Target: Achieve a 5% profit to advance further.
  • Minimum Trading Days: Like the first phase, there’s no fixed daily trading requirement.
  • Maximum Daily Loss: A 5% daily loss limit is maintained to uphold risk management principles.
  • Maximum Overall Loss: Stay within the 10% threshold for overall losses.
  • Time Limit: Similar to the preceding phase, there’s no time limitation.
  • Cost: This phase comes with no monetary fee, making it an attractive prospect.

Conclusion

Mastering the two-step evaluation process is an essential milestone for traders aspiring to thrive in the world of proprietary trading. The nine featured prop firms, each with their unique evaluation methodologies, offer a diverse array of opportunities for traders to prove their mettle and gain access to funded trading accounts.

As you navigate through the intricacies of these evaluations, remember that success is not just about meeting criteria, but about honing your skills and discipline as a trader. Take the time to understand the specific requirements of each firm, align them with your trading style, and leverage the opportunities presented.

Whether you find your fit in the structured challenges of “The Funded Trader,” the streamlined approach of “Funded Trading Plus,” or the specialized evaluation phases of other esteemed prop firms, remember that every step forward is a step toward trading success.

Remember, every step forward is a stride toward success. Choose the firm that aligns with your journey. The world of proprietary trading is yours to conquer with the right evaluation process.

Stay tuned for exciting updates and events in our upcoming newsletter!

This is the end of the page, but the beginning of our journey.
Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analyses that are unbiased and objective. While PropFirmsInsights.com has some data verified by industry participants, it can vary from time to time. Operating as an online business,

J o i n O u r J o u r n e y

this site may be compensated through third-party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by PropFirmsInsights.com, nor shall it bias our reviews, analyses, and opinions. Please see our General Disclaimers for more information.

@ 2024 All Copyright Reserved