Evaluation requiring two phases (often “challenge” + “verification”).
Understanding Two-step challenge is crucial for success in passing a prop firm evaluation and maintaining a funded account. Different firms may have slightly different rules or implementations for this concept. Always check the specific firm's rules before trading.
A firm that provides traders capital to trade, usually via an evaluation or direct funding model.
An account a trader receives after meeting requirements, eligible for payouts under firm rules.
A testing stage where you must hit targets while following risk rules to qualify for funding.
The structured evaluation program (profit target + drawdown/rules) required to get funded.
Evaluation with one phase instead of a multi-step process.
A follow-up phase that confirms consistency after passing phase 1.
Compare the best prop firms and find one that matches your trading style.
Compare Prop Firms