The PipFarm 2-Step Challenge is designed for traders who prefer a more structured approach to securing funding. Unlike the 1-Step Challenge, which has a single profit target, the 2-Step Challenge involves two phases, each with its own set of goals. This article will guide you through the key aspects of the 2-Step Challenge, helping you understand what it takes to succeed.

Profit Targets

In the 2-Step Challenge, you need to hit profit targets in both phases. For Phase 1, the target is 6% of your starting balance. Once you’ve met this target, you move on to Phase 2, where the target is again set to 6%. Reaching both targets is essential for passing the challenge and securing funding.

Daily Drawdown

The daily drawdown limit is 3% of your balance at the end of each day. This means if your balance drops by 3% or more in a day, it counts towards the daily drawdown limit. Since the limit is based on your current balance, it can adjust as your balance increases or decreases.

Max Drawdown

For the 2-Step Challenge, the maximum drawdown is set at 9% of your initial balance. This is a static drawdown, meaning it remains fixed at 9% of your starting balance throughout the challenge. If you exceed this limit, you will fail the challenge, so careful risk management is crucial.

Minimum Trading Days

To pass the challenge, you need to trade for at least 3 days. This requirement ensures that you’re not just making a few quick trades but are consistently applying your trading strategies over a period of time.

Maximum Trading Days

All traders must keep in mind that they can only take up to 365 days to complete the 2-Step Challenge. That means You can trade  without feeling rushed while also taking as much time as you need in these 365 days to meet the profit targets in both phases.

Profit Share

When you start, you will have a profit share of 70%. This means you keep 70% of the profits you make, while PipFarm takes 30%. You can increase your profit share up to 90% by withdrawing at least 3% of your profits. This incentive rewards consistent performance and frequent withdrawals.

Payout Frequency

After you’re funded, the First Payout can be withdrawn right after 3 trading Days and after that traders can receive their profit share every 14 days. However, with the Power Ups plan, you can withdraw your profits whenever you like. This flexibility can be beneficial if you need quicker access to your funds.

Leverage

PipFarm offers leverage to help you maximize your trading potential:

1:30 for FX pairs

1:30 for indices

1:5 for crypto

Leverage lets you control larger positions with less capital, but it also increases your risk. Use it wisely to balance potential profits and risks.

News Trading

PipFarm allows you to trade during major news events without any restrictions. This is advantageous if you like to trade based on market-moving news.

Holding Trades Overnight and Over the Weekend

You can hold trades overnight and over the weekend. However, keep in mind that the accounts are not swap-free, so you’ll incur overnight fees. It’s your responsibility to factor these costs into your trading strategy.

Account Sizes

PipFarm offers various account sizes to suit different trading needs:

$5,000

$10,000

$20,000

$50,000

$100,000

$200,000

Choose the account size that matches your trading style and risk tolerance.

Tips for Succeeding in the 2-Step Challenge

To succeed in the 2-Step Challenge, focus on meeting the profit targets in both phases. Manage your drawdown limits carefully and trade consistently over the required minimum days. With no maximum time limit, you can take your time to reach the targets and secure funding.

Conclusion

The PipFarm 2-Step Challenge offers a structured and flexible approach to proving your trading skills. By understanding the profit targets, drawdowns, and trading requirements, you can better prepare yourself to succeed. Whether you’re looking for a straightforward challenge or a multi-phase evaluation, the 2-Step Challenge provides a clear path to securing trading funds.