Are you interested in proving your trading skills and getting funded? The Funding Traders 2-Step Challenge might be just what you need. But what exactly is this challenge, and how does it work? In this guide, we'll walk you through every detail, so you know what to expect and how to succeed.

Profit Target :-

Phase 1: The Profit Target

The first part of the 2-Step Challenge requires you to achieve a 10% profit target. This might sound simple, but it requires careful planning and discipline. To reach this target, you'll need to be strategic about your trades, managing your risks effectively, and focusing on consistent gains rather than big wins.

Phase 2: The Profit Target

Once you’ve passed Phase 1, you’ll move on to Phase 2, where the profit target is reduced to 5%. While this might seem easier, it’s crucial to maintain the same level of discipline and control. In this phase, the focus shifts slightly to preserving your gains while still working towards that 5% profit target.

Daily Drawdown :-

For Funding Traders 2-Step Challenge, it's set at 5% of your account's equity. This limit adjusts based on your account’s performance, meaning as your equity grows or shrinks, the amount you can risk increases or decreases too.

Max Loss Per Trade :-

In the 2-Step Challenge, you also have a rule that limits how much you can lose on a single trade. The max loss per trade is set at 2% of your initial balance. This rule is designed to protect your account from significant losses. If you exceed this 2% limit, it could lead to what's called a "soft breach," which might not disqualify you immediately but could affect your overall challenge. Traders also get the option to increase this 2% limit to 2.5% with add-ons.

Max Drawdown :-

The challenge also includes a max drawdown rule, set at 10%, which is static. This means that no matter how much your account grows, this limit stays the same. Managing your trades carefully is key to staying within this limit and avoiding disqualification.

Minimum Trading Days :-

One of the advantages of this challenge is that there are no minimum trading days required. This means you can take as much or as little time as you need to complete the challenge. Whether you want to move quickly or take a more cautious approach, the choice is yours.

Maximum Trading Days :-

Similarly, there’s no limit on how many days you can take to finish the challenge. This flexibility allows you to trade at your own pace without the pressure of a deadline, giving you the time to plan and execute your trades carefully.

Profit Share :-

When you complete the challenge and get funded, you start with a profit share of 80%. This means you keep 80% of the profits you make. There’s also an option to increase your profit share to 90% or even 100% through add-ons, allowing you to maximize your earnings.

Payout Frequency :-

Once you're funded, the standard payout is every 14 days. However, if you prefer more frequent payouts, you can choose an add-on that allows you to receive your earnings every 7 days.

Leverage :-

Leverage is an important tool for traders, and the challenge offers different leverage options based on what you’re trading. For example, you get 1:100 leverage on forex pairs, 1:50 on gold and indices, and 1:5 on cryptocurrencies. This allows you to control larger positions with a smaller amount of capital.

News Trading :-

You’re allowed to trade during news events, but it’s important to be cautious. News trading can be risky because market conditions can change rapidly, leading to slippage or unexpected losses.

Holding Trades Overnight and Weekend Holding :-

In this challenge, you can hold trades overnight and even over the weekend. However, keep in mind that if your account isn’t swap-free, you might incur swap fees. Also, spreads can widen during the Asian trading session, so it’s something to be aware of.

Add-Ons for the 2-Step Challenge :-

To customize your experience, several add-ons are available for purchase. These add-ons give you more flexibility and control over your trading experience.

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 Available :-

Funding Traders offers various account sizes to suit different traders. You can start with as little as $10,000 or go up to $200,000. The choice depends on your experience level and how much risk you’re comfortable with.

Conclusion :-

The Funding Traders 2-Step Challenge is a great way to showcase your trading skills and potentially secure funding. By understanding the rules and staying disciplined, you can navigate this challenge successfully. Remember, it’s not just about hitting profit targets—it’s about managing your risks and making smart trading decisions. Good luck on your trading journey!