The FX2 Funding 1-Step Pro Challenge is an evaluation designed to test your trading skills and discipline. Unlike multi-step challenges, this one has just a single phase, making it a more straightforward but equally tough hurdle to clear. If you succeed, you’ll have the opportunity to trade with the firm’s capital and share in the profits.

Profit Target: 10% in One Phase

The goal in the 1-Step Pro Challenge is to make a 10% profit on your account. Since this is the only phase, you need to hit this target to pass the challenge. Achieving this profit target requires a balanced approach, where you make calculated trades that contribute steadily towards reaching the 10% mark without taking unnecessary risks.

Daily Drawdown in the 1-Step Pro Challenge

One of the key rules in this challenge is the daily drawdown limit, set at 4%. This means you can’t afford to lose more than 4% of your account equity in a single day. The drawdown is based on equity, so it adjusts as your account balance changes. Keeping your losses below this threshold is critical for staying in the game and eventually passing the challenge.

Max Drawdown in the 1-Step Pro Challenge

The max drawdown limit is the total amount you can lose before you fail the challenge, which is set at 6%. Unlike the daily drawdown, this limit is fixed, meaning it doesn’t change based on your account performance. Staying within this 6% drawdown is essential because once you hit it, you’ll fail the challenge, no matter how close you are to reaching the profit target.

No Minimum Trading Days

The FX2 Funding 1-Step Pro Challenge offers great flexibility when it comes to the time you take to pass. There’s no minimum number of trading days required, allowing you to move at your own pace. You can take as much time as you need to achieve the 10% profit target, without the pressure of rushing through trades.

No Maximum Trading Days

Just like there’s no minimum, there’s also no maximum time limit to pass the challenge. This is particularly beneficial for traders who prefer to wait for the best opportunities rather than forcing trades. You can approach the challenge methodically, taking time to analyze the markets and make well-considered decisions.

Profit Share in FX2 Funding

If you pass the 1-Step Pro Challenge and become a funded trader, you’ll start with a 75% profit share. Over time, this can increase to as much as 85%, depending on your performance and adherence to the rules. This profit-sharing model allows you to keep a significant portion of your earnings, which can be a strong incentive to trade carefully and profitably.

Payout Frequency for Funded Traders

Once you’re a funded trader, you’ll receive your profit share every 14 days, which means you can access your earnings twice a month. This regular payout schedule helps with managing your finances and planning your trading activities. Consistent profitability can lead to regular income, making the challenge worthwhile.

Leverage Offered by FX2 Funding

Leverage allows you to control larger positions with a smaller amount of your own money. FX2 Funding offers different levels of leverage depending on the asset you’re trading. For example, the leverage on forex pairs is 1:100, while it’s lower for metals, indices, energy, and cryptocurrencies. Using leverage can amplify your profits but also your losses, so it’s important to use it responsibly.

News Trading Restrictions

FX2 Funding allow traders to trade during news but there is one rule regarding trading around major news events. You’re not allowed to trade within 5 minutes before or after a high-impact news release. If caught doing it, any profits made during this time may be removed, and you’ll take the responsibility for any losses. This rule is designed to protect both you and the firm from the unpredictable market movements that news events can cause. However, if you’re a swing trader who holds positions over a longer period, this rule is less likely to affect you.

Account Sizes Available

FX2 Funding offers various account sizes to choose from, ranging from $10,000 to $100,000. The account size you select should align with your risk tolerance and trading strategy. Smaller accounts are easier to manage but offer lower potential profits, while larger accounts can yield higher returns but come with greater risk.

Conclusion

The FX2 Funding 1-Step Pro Challenge is a straightforward yet challenging evaluation for traders looking to prove their skills and gain access to larger trading capital. By understanding the rules, managing your risks, and sticking to a disciplined trading approach, you can improve your chances of passing the challenge and taking your trading career to the next level.