What is the 2 Step Evaluation Challenge?

What is the 2 Step Evaluation Challenge?
The 2 Step Evaluation Challenge consists of two phases in which you must demonstrate your trading skills by meeting specific requirements. If you successfully pass both evaluation phases, you will progress into a funded trading environment where you can earn a percentage of the profits you generate. However, if you fail any phase of the Evaluation, the challenge is over.

Key Features of the 2 Step Evaluation Challenge: 

Profit Targets and Drawdowns:

• Achieve an 8% profit to pass phase 1, and a 5% profit to pass phase 2. 
• Ensure that your Max Daily Loss does not exceed 5% of the account's previous day's end-of-day balance (which is defined as 17:00 – 17:00 EST) in any single trading day. 
• Do not exceed a Max Total Loss limit of 10%, of your initial starting balance. The Max Total Loss is static and set as a fixed percentage of the Challenge Starting Balance
• A minimum of 3 trading days is required to complete the evaluation phases. 
• Accounts inactive for 30 consecutive days will be terminated. 

Leverage: 

Phase 1 and 2

• Forex 1:30
• Metals 1:15 
• Energies 1:30
• Indices 1:30 
• Crypto 1:5
• Stocks <1:4

Funded Phase

• Forex 1:30
• Metals 1:10 
• Energies 1:10
• Indices 1:10
• Crypto 1:1
• Stocks <1:4

Profit Split and Payouts: 

• Profit-sharing starts at 80% and increases to a maximum of 95% with scaling.
• First payout requests can be made 14 days after your first funded trade. 
• Funded Phase Consistency Rule: No single trading day should account for more than 40% of the total profits at the time of a payout request. Failure to meet this objective will result in the payout being rejected and the new payout date being extended by 14 days.
  • For Example: If a trader earns $1,000 on a given day, they can only request a withdrawal once their total profit exceeds $2,500. This ensures that the best day’s profit remains below 40% of total profits.
  • Similarly, if total profit = $4,000, the best trading day must not exceed $1,600 to be eligible for withdrawal. This rule applies only to the funded phase of the 2-Step Evaluation.

Prohibited Trading Strategies include: 

• Holding Shares during Earnings: Holding a Single Share Equity CFD position into an earnings release pertaining to that underlying equity.  To avoid being in breach of this rule, you must close all such Single Share Equity CFD positions by 3:50 pm Eastern Time on the day of the release, if an aftermarket release, or on the preceding day, if a before market open release. 
• Arbitrage and Latency: Using price differences or delays across platforms or data feeds to gain unfair profits is prohibited.
• System Exploits: Taking advantage of platform bugs, freezes, or server issues is forbidden. Report any technical problems to support.
• Hedging between accounts or profiles: Whether independently or in collaboration with others, as well as internal hedging (placing opposing positions on the same instrument within a single account), is strictly prohibited.
• High-Frequency Trading (HFT) and Tick Scalping: Strategies that place trades in rapid succession or aim to profit from very small price movements are not allowed.
• Sharing accounts: Giving someone else access to trade on your account, or managing another person’s account, is strictly prohibited.
• ALL in 1 Bet: Trying to reach the profit target with a single trade is not allowed as it does not demonstrate consistent trading behaviour. This rule applies to any trade where the profit generated from one position is equal to or exceeds the account’s profit target. 
• Automated Trading (EAs, Bots, Algorithms): Use of any automated system, including Expert Advisors or bots, is not permitted. All trades must be placed manually.
• Copy Trading & Reverse Copy Trading: Mimicking trades from another account or using account management services is prohibited. All trading must be done independently.
• News Trading: Opening or closing trades within the restricted 10-minute window (5 minutes before and 5 minutes after any high-impact news event shown on our Economic Calendar) is strictly prohibited. You may hold existing positions during this time, but if a trade closes within the window, whether by Take Profit, Stop Loss, or manual action, it will still count as news trading. Any trade that opens or closes inside the restricted timeframe will be treated as a breach and will cause the Evaluation to fail.
  • Trading Gold (XAUUSD) during any high-impact news event from G7 countries (United States, Canada, European Union, France, Germany, Italy, Japan, and the United Kingdom) will result in a breach.
  • Trading during any US high-impact news event will result in a breach across all instruments, including Forex, Metals, Indices, Stocks, and Crypto.
  • For currency pairs, trading during high-impact news related to either currency in the pair will result in a breach. For example, trading CADJPY during CAD or JPY news will result in a violation.
• Inadequate Risk Management, Exploitation of Statistical Vulnerabilities, and Gambling-like behaviour: Trading strategies that involve poor risk management, gambling-like behaviour, or exploitation of statistical weaknesses are strictly prohibited. This includes but is not limited to:
  • Excessive Risk-Taking: Taking on large, unjustified exposure in trades.
  • All-In Trading: Committing a large portion or all of your capital in a single trade.
  • Improper Use of Leverage: Over-leveraging by risking too much across one or several trades in the same direction.
  • Inconsistent Strategies: Trading without a clear, repeatable approach within one or multiple accounts.
  • Account Rolling: Continuously buying multiple evaluation challenges and trading recklessly to bypass rules.
  • Binary Event Trading: Frequently placing trades immediately before major news releases to exploit volatility.

Failure to comply with these rules may result in the account being breached, the challenge being failed, and any profits becoming null and void.