Prop Number One’s Two-step Challenge provides traders the opportunity to manage account sizes ranging from $7,000 up to $300,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Challenge allows you to trade with up to 1:50 leverage. But before you go and make any decision, take a look at Prop Number One’s Two-step Challenge Trading Rules & Objectives.
Prop Number One’s Two-step Challenge Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 5%, whereas Phase 2 requires reaching a profit target of 8%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – All account sizes have a maximum daily loss of 5% in phase one and 4% in phase two and once funded.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10% in phase one and 8% in phase two and once funded.
- Minimum Profitable Trading Days – The minimum profitable trading day requirement you must meet before you can successfully conclude an evaluation phase. Evaluation phase 2 has a 3 minimum profitable trading day requirement.
- Average Trade Duration – Traders are required to hold their trades before closing them for an average duration of 1 minute.
Add-ons for Prop Number One’s Two-step Challenge
- Aggressive Trading – Increases maximum daily loss limit to 5% and maximum loss limit to 10% during phase two and once funded. However, it also increases the profit target in phase two to 10%.
- Double Challenge – Once you become successfully funded, you will receive a second challenge of the same size for free.
- Fast Withdrawals – Reduces the payout cycle to every 7 calendar days.
So, if you want to start trading with them, use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.
