Let’s be honest. The prop firm space is crowded. Every week, a new firm pops up promising the moon, only to vanish when payout day arrives. It makes you wary. I get it.
So when I look at a specific product like the Klein Funding Bybit Two Step, I'm not just looking at the price tag. I'm looking at the sustainability, the rules, and the reality of passing the evaluation. Can you actually get funded here? More importantly, is it worth your time?
After digging through their pricing page and FAQ resources, I’ve got a clear picture of what to expect. This isn't just a rehash of their ads; this is an experience-driven breakdown of the Klein Funding Two Step challenge, specifically focusing on the Bybit platform.
Let’s cut through the noise and see if this challenge fits your trading style. If you are looking to start, remember to use code TRUSTED for 32% off at checkout.
What is the Klein Funding Two Step Challenge?
The Two Step challenge at Klein Funding is their "safest plan." It’s designed for traders who need a bit of breathing room to hit their targets. Unlike the One Step or Instant Pro, this structure requires you to pass two phases to hit your payout potential.
But why choose this over the others?
Reduced Pressure: With targets split between two phases, the daily pressure is significantly lower.
Higher Drawdown Potential: You can configure your max drawdown up to 10%, which is generous compared to other Bybit prop firms.
A Focus on Consistency: This is a test of discipline, not just a lucky trade.
In my opinion, the Bybit Two Step evaluation is the sweet spot for traders who are profitable but want to minimize the risk of a single bad day wiping out their account.
Bybit vs. Cleo: Why Choose Bybit?
Klein Funding offers two primary trading platforms: Bybit and Cleo (their in-house web trader). For this specific article, we are focusing on Bybit.
Why trade on Bybit?
Leverage: Up to 1:100. This is massive for crypto futures. If you are a scalper, this is your playground.
Asset Selection: Over 750 crypto assets to trade.
Integration: It allows you to use the actual Bybit platform and API, which is familiar to many retail traders.
Here is the critical difference you need to note: the Stability Rule.
On Bybit, you have a Stability Score requirement. For the Two Step, you need a 45% stability score in both phases. This is where most traders fail. They hit the profit target but fail the consistency metric.
Cleo, on the other hand, has no stability rule. This makes Cleo the easier platform to pass on. However, if you want that high leverage, Bybit is the only way to go.
Breaking Down the Klein Funding Two Step Rules
Every prop firm has "that" rule that catches you off guard. For Klein Funding, it’s a mix of the Stability Score and the Daily Drawdown.
Let’s look at the core mechanics:
1. Profit Target
You need to hit 6% in Phase 1 and 3% in Phase 2. This is much lower than the One Step (6% total) or Cleo (9-14%). It reduces the urgency to overtrade.
2. Max Drawdown
You have a static drawdown of up to 10% (depending on your chosen plan configuration). This is calculated from the initial balance, not the high-water mark. So, if you start with $100,000, your floor is $90,000—it does not move up even if you hit $110,000.
3. Daily Drawdown
This is always half of your Max DD. So, if you choose 6% max, your daily loss limit is 3%. If you choose 10%, it’s 5%. It’s crucial to know that this daily loss is based on the day's starting balance.
4. Leverage
Up to 1:100. This generous leverage is perfect for gold or BTC futures. Just use it wisely.
5. Stability Score
This is the killer. You need 45% Stability. Essentially, your largest win cannot be more than 45% of your total profit. If you have a total profit of $1,000, your best trade cannot exceed $450. If it does, you fail the evaluation even if you hit the target.
Payouts and Profit Split: The Reward
So, you’ve survived the evaluation. Now, what about the money?
Profit Split: You start with 70% and can scale up to 90% by hitting milestones +1 .
Reward Schedule: Payouts are available every 3–4 days.
On-Demand Rewards: The dashboard shows "Average $0" depending on the plan, but Bybit plans generally allow payouts every 3-4 days due to the stability rule.
My Payout Take: The 3-4 day waiting period is smart. It aligns with the Stability Rule, ensuring you aren't taking a massive risk on the day of withdrawal to inflate your payout.
Realistic Trading Strategies for Bybit Two Step
This is the section where we get down to the nitty-gritty. You cannot pass this challenge by YOLO-ing on a 10x micro-cap. Here is how I would approach it:
Strategy 1: The Consistency Scalper
Goal: Small, repetitive gains.
Tool: 1:100 leverage and low-timeframe charts on BTC/ETH.
Tactic: Aim for 0.25% - 0.5% per day. In a $25,000 account, that's roughly $62.50 – $125/day. You hit that, you stop.
Risk: Use a hard stop loss at 0.5% or 1%. This ensures your Daily Drawdown is never breached.
Strategy 2: The Swing Trader
Goal: Leveraging the 6% target over several days.
Tool: 15m - 4H charts.
Tactic: Wait for high-probability setups. Because the Max Drawdown is static, look out for late-position entries.
Watch Out For: The "50 Seconds Rule"
Bybit has a specific rule: if you open and close a trade in under 50 seconds, the firm may flag it as "tick scalping" and breach the account. Always hold your trades for longer than one minute to stay safe.
Cleo vs. Bybit for Two Step: The Final Verdict
If you are still debating between the two, here is a comparison to help you decide:
Cleo (The Easier Path)
No Stability Rule.
Lower leverage (1:5).
Daily rewards.
Bybit (The Pro Path)
High leverage (1:100).
Stability Rule (45%).
Payout every 3-4 days.
If you are asking me, the Bybit Two Step is the better choice for experienced crypto traders who want to maximize their capital efficiency. The 1:100 leverage is the primary attraction. If you are a beginner, Cleo is the safer learning ground.
Is It Worth It?
The price for a $5,000 Bybit Two Step is around $61.75 with the discount. That is a low entry fee for the potential to manage $5,000 (or up to $200k if you get higher accounts).
Pros:
Low profit targets (6% + 3%).
High leverage (1:100).
Up to 90% profit split.
Scaling opportunity up to $2M (on Instant Pro, but a good indicator of the firm's trajectory).
Cons:
Stability Rule is strict.
Static drawdown means the floor doesn't move.
Klein Funding is transparent about their rules. There are no hidden surprises. They have paid out over $3.2M to traders. That says a lot.
If you are ready to prove your skills, don't sleep on this. Use the code TRUSTED and cut your risk by 32%.