The FX2 Funding 2-Step Challenge is a two-part evaluation that helps the firm determine if a trader is skilled enough to handle their funds. The challenge is divided into two phases, each with specific profit goals and rules that traders must follow. Successfully passing both phases means you’ll be granted access to trade with FX2 Funding’s money.

Phase 1: The 8% Profit Target

In Phase 1, the goal is to make an 8% profit on your trading account. This phase tests your ability to grow an account while managing your risks. To pass, you need to reach the 8% profit target without exceeding the set risk limits. It's important to focus on making consistent, small gains rather than aiming for big wins that could backfire.

Phase 2: The 5% Profit Target

Once you pass Phase 1, you move on to Phase 2, where the profit target is slightly lower at 5%. This phase is designed to see if you can maintain your profitability over a longer period while still managing your risks effectively. The lower profit target might make it seem easier, but the pressure of being so close to getting funded can make it challenging.

Daily Drawdown in the 2-Step Challenge

Daily drawdown is a limit on how much you can lose in a single day, set at 4% in this challenge. It’s calculated based on your account's equity, meaning it adjusts as your account balance changes. If you hit the 4% loss limit for the day, you need to stop trading to avoid failing that day’s challenge. Managing this drawdown is key to passing both phases of the challenge.

Max Drawdown in the 2-Step Challenge

Max drawdown is the total amount you can lose over the entire challenge, capped at 10% for both phases. Unlike daily drawdown, this limit is fixed and doesn’t change with your account balance. Staying within this limit is crucial because exceeding it means failing the challenge, regardless of how close you are to the profit target.

Trading Days: No Limits on Time

One of the most flexible aspects of the FX2 Funding 2-Step Challenge is that there are no limits on how long you can take to complete it. There’s no minimum number of trading days required, and you can take as long as you need to pass each phase. This flexibility allows you to trade at your own pace, waiting for the best opportunities rather than feeling rushed.

Profit Share in FX2 Funding

If you pass both phases and become a funded trader, you get to keep 80% of the profits you make. This is a good profit split compared to what some other firms offer. There’s also an option to increase this profit share to 95%, though this usually involves extra fees or conditions. While the higher profit share is tempting, it’s important to weigh the costs against the potential benefits.

Payout Frequency for Funded Traders

Once you’re funded, you can withdraw your profits every 14 days. This means you’ll have access to your earnings twice a month, which can help with managing your finances. If you prefer more frequent payouts, FX2 Funding offers an option to reduce the payout frequency to every 5 days, though this may come with additional costs.

Leverage Offered by FX2 Funding

Leverage allows you to control larger trades with a smaller amount of your own money. FX2 Funding offers different levels of leverage depending on what you’re trading. For example, you can get 1:100 leverage on forex pairs, but the leverage is lower for other assets like metals, indices, energy, and cryptocurrencies. While leverage can boost your profits, it can also increase your losses, so it’s important to use it wisely.

News Trading Restrictions

FX2 Funding has rules about trading around major news events. Specifically, you’re not allowed to trade within 5 minutes before or after a high-impact news release. If you do, any profits made during that time might be removed, and you’ll be responsible for any losses. This rule is mainly in place to protect the company’s funds, as news events can cause unpredictable market movements. Swing traders who hold positions over longer periods are generally less affected by this rule.

Account Sizes Available

FX2 Funding offers several account sizes to choose from, ranging from $10,000 to $100,000. The account size you choose depends on your risk tolerance and trading style. Larger accounts offer more potential profit but also come with higher risk, so it’s important to choose an account size that fits your comfort level.

Conclusion

The FX2 Funding 2-Step Challenge is an opportunity for traders to prove their skills and gain access to significant trading capital. It’s a structured way to show that you can trade profitably while managing your risks. By understanding the challenge’s rules and sticking to a disciplined trading approach, you can increase your chances of becoming a funded trader.