If you’re interested in trading and want to manage a larger account, the Funding Traders 1-Step Challenge is a great option. It’s a straightforward way to get funded, and this article will explain exactly how it works.

Why Choose the 1-Step Challenge?

This challenge is perfect if you like things straightforward. With one clear goal and easy-to-follow rules, it lets you focus on trading without getting bogged down by complicated requirements.

Profit Target :-

In the 1-Step Challenge, you need to achieve a profit of 10% on your trading account. This means you have to grow your account by 10% from its starting value. It’s a single target, and once you reach it, you pass the challenge. A 10% profit target is challenging but realistic. It’s high enough to test your trading skills but not so high that it feels impossible to achieve.

Daily Drawdown :-

You can’t lose more than 4% of your account’s equity in a single day. This daily drawdown adjusts with your account’s equity—if your equity goes up, the drawdown limit increases too. If it goes down, the limit decreases. The drawdown changes based on how your account is doing. If you’re making profits, the drawdown limit goes up, giving you more flexibility. If you’re losing, the limit goes down, helping to protect your account.

Max Loss Per Trade :-

You can’t risk more than 2% of your account balance on any single trade. This rule helps prevent big losses from a single trade, keeping your account safer. If you risk more than 2% on a trade, it’s a “soft breach.” This means you get a warning, but you can continue with the challenge. However, if it happens often, it could lead to more serious issues.

Max Drawdown :-

The maximum drawdown is 5%, and it’s a trailing drawdown. As your account balance grows, the drawdown level follows along. However, it doesn’t go down if your account balance decreases. If your account hits this drawdown level, you’ll fail the challenge. The trailing drawdown moves up with your account’s highest balance but never goes down. This means it protects your gains while keeping your risk in check.

Minimum Trading Days :-

You don’t have to trade a minimum number of days to complete the challenge. Whether you’re a day trader or a swing trader, you can take as many or as few days as you need. Not having a minimum number of trading days means you can complete the challenge at your own pace. This flexibility is great for traders who prefer to work at their own speed.

Maximum Trading Days :-

There’s also no maximum limit on how long you can take to complete the challenge. You can take as much time as you need to reach the profit target. Without a time limit, you can focus on making smart trades without feeling rushed. This can help you make better decisions and improve your chances of success.

Profit Share :-

After you pass the challenge and get funded, you’ll keep 80% of the profits. You can increase this share up to 90% or even 100% by choosing add-ons. You can add extra options when you sign up for the challenge to boost your profit share. These options might cost extra, but they can help you keep more of what you earn.

Payout Frequency :-

You can get paid every 14 days once you’re funded. If you prefer more frequent payouts, you can choose an option to get paid every 7 days. Getting paid more often can be helpful, especially if you rely on your trading profits for regular income. The option to increase payout frequency gives you more flexibility.

Leverage :-

The leverage offered is 1:100 for Forex pairs, 1:50 for gold and indices, and 1:5 for cryptocurrencies. This leverage lets you trade larger positions than your account balance alone would allow. Leverage can increase both your profits and your losses, so it’s important to use it carefully. The levels provided are designed to give you enough power without taking on too much risk.

News Trading :-

You can trade based on news events, but be cautious. News can cause sudden market movements, which might lead to slippage or unexpected stop-loss triggers. Trading around news can be risky due to high volatility. If you decide to trade news events, make sure you’re prepared for the potential risks involved.

Holding Trades Overnight and Over the Weekend :-

You can hold trades overnight and over the weekend. However, if your account isn’t swap-free, you’ll need to handle any swap charges yourself. Also, spreads might be wider during these times. Holding trades outside of regular hours can be risky because of potential market gaps and wider spreads. It’s important to plan for these factors in your trading strategy.

Add-Ons :-

When signing up for the challenge, you can choose from various add-ons to tailor the challenge to your needs. These add-ons can improve your trading conditions and increase your potential profits.

Available Add-Ons:

• 90% or 100% Profit Split: Increase your share of the profits.
• 7-Day Payout Frequency: Get paid more often.
• Swap-Free and 0 Commissions: Avoid swap fees and commissions.
• 2.5% Max Risk Per Trade: Raise the risk limit per trade.

Account Sizes: Choose What Works for You

You can pick from five different account sizes for the 1-Step Challenge, depending on your trading style and goals.

Available Account Sizes:

• $10,000
• $25,000
• $50,000
• $100,000
• $200,000

Conclusion

The Funding Traders 1-Step Challenge offers a simple and effective way to get funded. With clear targets and flexible rules, it’s a great option for traders of all levels. Whether you’re new to trading or a seasoned pro, this challenge provides a straightforward path to managing larger capital and potentially increasing your profits.