Which challenge is best for beginners?

The 2-Step Classic is highly recommended for beginners due to its static drawdown, providing more room to learn market movements.

Instant Funding 1-Step Challenge 2-Step Challenge Which Challenge is Right for Me?

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Start Your Funded Trading Journey

A prop firm challenge allows traders to prove their trading skills and earn access to simulated funded capital. At Funded Trading Plus, our prop firm challenges are designed to give traders flexible evaluation models and the opportunity to scale based on performance.

Expertly Compiled by

Simon M•Founder & CEO

Compare Our Prop Firm Challenges

Chose your experience level

$100k

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Instant Funding

$4499.00

1-Step Express

$549.00

2-Step Classic

$549.00

Challenge Steps

0 Steps

1 Step

2 Steps

Simulated Profit Target

None

10%

7% / 7%

Daily Drawdown

Max Drawdown

6% Trailing

8% Static

Reward Cycle

7 Days

10 Days

Weekend Holding

✗

✓

News Trading

✓

No Swap Fees

✓

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Which is right for me?

Your trading style is unique. Let's find the evaluation protocol that suits your strategy.

The Data-Driven Prop Firm Challenge Pathway

PropIQ analysed 16 million prop trades of real traders to find the patterns, habits, and traits that lead to consistent success.

Masterclass

A complete and free Prop Trading education created by our 35 year trading veteran Andrew Lockwood.

Start Free Masterclass

2-Step Classic

The safest entry to perfect your trading strategy. Use the 8% static drawdown to test yourself against the markets movements.

1-Step Express

The scaling tool. Now you've refined your strategy, it's time to focus on a single target.

Mentorship

Work with our veteran trader to tighten your edge and prepare for high-ticket simulated capital management.

Instant Funding

Enter the simulated funding fully prepared to capitalise on no profit targets and weekly payouts.

Why Traders Choose Our Prop Firm Challenges.

Competitive reward splits

Keep a majority of the simulated profits you generate, with scaling opportunities for consistent traders.

Flexible trading rules

Trade your edge. We allow weekend holding and news trading on our simulated evaluations.

Scaling plans

Prove your consistency and unlock access to higher simulated capital tiers over time.

Multiple platforms

Execute trades on industry-leading platforms with deep liquidity and tight spreads.

Fast payouts

Access your performance-based rewards rapidly with our streamlined 7-day payout cycles.

Expert Support

Gain access to 24/7 support and educational frameworks built by trading veterans.

How the simulated challenge process works

Choose your challenge

Select the simulated capital size and challenge path that matches your trading style

Trade your preferred markets

Trade the simulated environment while respecting the daily and maximum drawdown limits.

Complete Your Challenge

Reach your required simulated profit percentage to officially clear the challenge phase.

Become eligible for rewards

Gain access to a simulated funded account where your performance translates to real rewards.

Withdraw Trader Rewards

Request performance-based rewards in as little as 7 days under our standard reward cycle

FAQs

The rules depend on the evaluation you select. Generally, all our simulated evaluations require traders to manage risk carefully. This includes staying above a maximum overall drawdown limit and respecting daily drawdown boundaries. Some paths, like the 1-Step, require you to hit a specific profit target, while Instant Funding has no profit targets at all. All trading is conducted in a simulated environment.

The most effective strategy is strict risk management. Traders who pass typically risk only 0.5% to 1% of their simulated capital per trade. Taking our free Masterclass is highly recommended, as it teaches you how to align your personal trading style—whether that is scalping or swing trading—with the specific drawdown parameters of the challenge you have chosen.

Once you successfully hit the profit targets without breaching the drawdown limits, you will pass the evaluation phase. You are then provided access to a simulated funded account. As you generate virtual profits on this account, you become eligible for performance-based payouts, which can be requested on our fast 7-day reward cycle.

The timeline is entirely up to you. Because we do not impose minimum or maximum trading days on our core challenges, you can pass as soon as you hit the profit target. For those looking for immediate access without evaluation phases, our Instant Funding option allows you to bypass the challenge entirely and begin earning performance rewards from day one.