Top 2-Step Prop Firm Challenges
Traditional 2-phase prop trading challenges with proven evaluation structures. Compare leading firms and earn cashback.
Key Considerations
- Phase 1 targets (8-10%) and Phase 2 targets (4-5%) are individually more achievable than 1-step
- Total evaluation time is longer but less pressured with two separate milestones
- Some firms offer static drawdown on 2-step (more forgiving than trailing)
- Look for firms with unlimited time on both phases for maximum flexibility
Two-step challenges remain the gold standard in proprietary trading evaluation. These programs require traders to successfully complete two phases - typically Phase 1 and Phase 2 - before receiving a funded account. While the process takes longer than 1-step alternatives, many traders prefer the structured approach and often lower profit targets per phase.
The two-phase structure allows prop firms to better assess consistent trading performance over extended periods. Phase 1 usually focuses on profit targets and basic risk management, while Phase 2 emphasizes consistency and drawdown management.
Our comparison includes all major 2-step prop firms, their specific phase requirements, trading rules, and profit split structures. Don't forget - when you sign up through our links, you'll earn valuable cashback on your challenge fee, making your path to funding more affordable.
All firms in this category listed on PropFirmScan include a guaranteed 2% cashback — your built-in discount even when no promo code is available. If a firm does offer a discount code, your cashback stacks on top for double savings. Learn how cashback works →
10 Firms Match
FXIFY
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
The5ers
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
FundedNext
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
FTMO
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
Maven Trading
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
Funding Pips
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
Audacity Capital
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
Alpha Capital Group
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
Blue Guardian
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.
Seacrest Markets
Cashback
N/A
Platforms
⚠️ Risk: Prop trading involves significant risk. Only invest what you can afford to lose.