FX2 Funding is a prop firm that offers traders a chance to prove their skills through a unique 1-Step Challenge. Unlike other challenges that require multiple steps or phases, this one is straightforward. You only have one goal: to meet the profit target. This article will explain how the FX2 Funding 1-Step Challenge works, covering all the key points you need to know.

Profit Target

The 1-Step Challenge has just one phase, and your goal is to reach a 10% profit target. This means you only need to focus on hitting that 10% mark, without worrying about multiple steps or complicated requirements. This simple structure makes it easier for traders to understand what’s expected and to stay focused on their trading.

Daily Drawdown

In trading, managing your losses is just as important as making profits. The daily drawdown rule helps with this. In the 1-Step Challenge, you can’t lose more than 4% of your equity in a single day. This drawdown is Equity-Based Drawdown, meaning it adjusts depending on your account’s performance. If your losses hit that 4% mark, it’s considered a breach, and you could fail the challenge. Keeping an eye on this limit is important to stay in the game.

Max Drawdown

There’s also a maximum drawdown limit set at 6%. This is a trailing drawdown, which means it moves up as your account balance increases. However, if your losses reach this 6% limit, it will result in a failure of the challenge. Understanding this rule helps traders manage risk better and stay within safe trading limits.

Minimum Trading Days

One of the great things about the FX2 Funding 1-Step Challenge is that there are no minimum trading days required. This means you can trade at your own pace without feeling rushed. Whether you like to make quick trades or prefer waiting for the right moment, you have the freedom to choose.

Maximum Trading Days

Just as there’s no minimum number of days you have to trade, there’s also no maximum limit on how long you can take to pass the challenge. This flexibility allows you to trade without the pressure of a ticking clock, giving you the time you need to reach your profit target.

Profit Share

Once you pass the challenge, you start earning a share of the profits. FX2 Funding offers a profit share starting at 75%, which can increase up to 85% over time as you continue to trade successfully. This means that as you prove your consistency and grow your account, you get to keep more of the profits you earn.

Payout Frequency

When you become a funded trader, you can expect to receive your profit share every 14 days. This regular payout schedule helps you stay motivated and ensures you’re regularly rewarded for your trading efforts. It’s a good way to keep your trading finances in order, knowing when you can expect to get paid.

Leverage

Leverage allows traders to control larger positions with less capital, and FX2 Funding offers different leverage options depending on what you’re trading. For example, the leverage is 1:100 for FX pairs, 1:30 for metals, 1:25 for indices, 1:10 for energy, and 1:2 for cryptocurrencies. Choosing the right leverage is crucial, as it can significantly impact your trading results.

News Trading

Trading during news events can be risky due to sudden market changes. FX2 Funding has specific rules about this: you’re not allowed to trade at least five minutes before and after a high-impact news event. If you do and make a profit, it will be removed. If you incur a loss, you’ll have to bear it. However, if you’re a swing trader holding positions for a longer time, this rule might not affect you as much.

Account Sizes

FX2 Funding offers various account sizes, giving you options based on your trading goals and risk appetite. The available account sizes are:

$10,000

$25,000

$50,000

$100,000

$200,000

Choosing the right account size is important. It should match your trading style and how much risk you’re comfortable with.

Conclusion

The FX2 Funding 1-Step Challenge is a straightforward way for traders to test their skills and potentially earn profits. With its simple structure, flexible trading conditions, and the chance to keep a significant share of your profits, it’s a challenge that’s worth considering. By understanding the rules and staying disciplined, you can make the most of this opportunity and work toward becoming a successful funded trader.