To ensure a successful trading journey in the 2-Step Challenge, it is essential to follow the guidelines and restrictions below.
Maximum Daily Drawdown: Traders may have a maximum daily drawdown of 5% of the initial account balance in phase 1 and 4% in phase 2.
To calculate your daily drawdown limit, use the following formula:
Daily Loss Limit = Starting Balance of the Day × Daily Loss Limit Percentage of Your Challenge Account
When calculating the daily drawdown, please note that swap fees, commissions, and charges are included in the total.
If you exceed the daily drawdown limit, your account will be locked and marked with a "Daily Loss Limit," and you will no longer be able to trade.
Maximum Overall Drawdown: Traders may have a maximum total drawdown of 10% of the initial account balance in phase 1 and 8% in phase 2.
Profit Target: In phase 1, the target profit to pass the challenge is 5% of the starting balance.
In phase 2, the profit target is 8% of the starting balance.
Minimum Trading Days: Traders are required to place trades on at least 5 different days during phase 2 of the challenge. These trading days do not need to be consecutive.
Copy Trading: Traders are allowed to engage in copy trading from their own accounts at Prop Number One, from other prop firms, or retail brokers. However, copying trades from accounts not owned by the individual, including those of relatives or friends, is strictly prohibited.
IP Address: To ensure a secure trading environment, it is recommended to use a single device with a unique IP address for trading activities.
VPN/VPS Services: Clients may use VPN and VPS services to access the platform. Paid VPNs and VPS with dedicated IP addresses are recommended to ensure consistency and security.
EAs/Indicators: Traders are allowed to use Expert Advisors (EAs) and indicators to support their trading strategies, provided the settings are aligned with their trading style and account type.
Prohibited Trading Strategies: Any form of cheating or exploiting the platform is strictly forbidden and violates the Prop Number One Terms of Service (TOS). Traders should carefully read and understand the TOS to avoid unwanted consequences.
Simple 50% Protection: To request a payout or advance to the funded phase, two simple conditions must be met:
The total profit must be at least twice the most profitable day.
The total profit must be at least twice the most profitable single trade.
These rules do not limit traders who trade in a healthy and consistent manner.
In fact, professional traders naturally tend to distribute their profits over time.
This protection is designed to discourage risky behavior, such as going all-in on a single high-risk trade.
Important: your challenge is not failed — you simply need to continue trading a bit more to demonstrate consistency and sustainability over time.
This protection is applied in phase 2 and the funded phase.
For serious traders, this protection will be virtually invisible, as it already reflects a professional and sustainable approach to the market.