2-Step Challenge Prop Firms
The two-step evaluation is the classic prop firm model: a first phase with a higher profit target, then a verification phase with a lower one, both under the same loss limits. It takes longer than a one-step program, but the drawdown is usually more forgiving. This list shows every firm in our directory with a two-step program.
How this list is built: Firms whose program types include a 2-step evaluation in our dataset. Sorted by review count. Ratings and review counts are a published third-party snapshot (Prop Firm Match), not our own reviews. Challenge fees are the cheapest standard price we found for a $100K evaluation, or the nearest size, with the date checked. FTMO is a featured affiliate partner and is shown first when it matches. Open the full directory to filter further.
| Firm | Rating | Reviews | Challenge fee | Max allocation | Programs | Platforms | Founded / HQ |
|---|---|---|---|---|---|---|---|
 The 5%ers | 4.7 ★ | 1,338 | $300 $100K 3-Step | $250K | 2-Step3-Step1-Step | MT5TradingViewcTrader | 2016 United Kingdom |
 FundingPips | 4.2 ★ | 1,212 | $466 $100K 2-Step | $400K | Instant1-Step2-Step | MT5Match TradercTrader | 2022 United Arab Emirates |
 Goat Funded Trader | 4.1 ★ | 1,197 | $478 $100K 2-Step | $400K | Instant1-Step2-Step | cTraderMatch TraderMT5TradeLocker | 2023 Hong Kong |
 Alpha Capital | 4.4 ★ | 1,111 | $397 $100K 1-Step | $300K | 1-Step2-Step3-Step | DXTradeMT5TradeLockercTrader | 2021 United Kingdom |
 FundedNext | 4.3 ★ | 891 | $400 $100K 2-Step | $300K | 1-Step2-StepInstant | MT4MT5Match TradercTrader | 2022 United Arab Emirates |
 Maven | 4.2 ★ | 774 | $299 $100K 3-Step | $1M | 1-Step2-StepInstant | Match TraderMT5 | 2022 Saint Lucia |
 E8 Markets | 4.8 ★ | 488 | $280 $100K 1-Step | $250K | 1-Step3-Step2-Step | cTraderMatch TraderMT5TradeLocker | 2021 United States |
 Instant Funding | 4 ★ | 361 | $259 $100K 1-Step | $200K | Instant1-Step2-Step | MT5Match TradercTrader | 2022 United Kingdom |
 AquaFunded | 4.4 ★ | 301 | $279 $100K 2-Step | $400K | Instant1-Step2-Step | MT5Match TraderTradeLockercTrader | 2023 United Arab Emirates |
 For Traders | 4.5 ★ | 300 | $289 $100K 1-Step | $200K | Instant1-Step2-Step | MT5TradeLockercTrader | 2023 United Arab Emirates |
 Blue Guardian | 4.2 ★ | 233 | $239 $100K 2-Step | $400K | Instant1-Step2-Step3-Step | MT5Match TraderTradeLocker | 2021 United Arab Emirates |
 Top One Trader | 4.4 ★ | 211 | $541 $100K 2-Step | $500K | Instant1-Step2-Step | Match TraderMT5TradeLocker | 2023 United States |
 FundedElite | 4.3 ★ | 195 | $299 $100K 2-Step | $1M | Instant1-Step2-Step | Match TraderMT5 | 2023 Italy |
 Finotive Funding | 4.1 ★ | 179 | $595 $100K 2-Step | $1.6M | Instant1-Step2-Step | MT5Match Trader | 2021 United Arab Emirates |
 Hola Prime | 4.3 ★ | 159 | $569 $100K 2-Step | $4M | Instant1-Step2-Step | DXTradeMT5Match TraderTradeLockercTrader | 2024 Hong Kong |
 BrightFunded | 4.4 ★ | 130 | $535 $100K 2-Step | $200K | 2-Step | DXTradecTraderMT5 | 2023 United Arab Emirates |
 Audacity Capital | 4.2 ★ | 112 | $549 $100K 2-Step | $240K | Instant2-Step1-Step | DXTradeMT5 | 2012 United Kingdom |
 Crypto Fund Trader | 4.1 ★ | 109 | $619 $100K 1-Step | $500K | 1-Step2-StepInstant | BybitCFT PlatformMT5 | 2022 Switzerland |
 Lark Funding | 4.5 ★ | 90 | $370 $100K 3-Step | $1M | Instant1-Step2-Step3-Step | DXTradeMatch TradercTrader | 2022 Canada |
 Moneta Funded | 4.8 ★ | 85 | $780 $100K 1-Step | $2.4M | Instant1-Step2-Step | MT5Match Trader | 2026 Saint Lucia |
 Funded Trading Plus | 4.3 ★ | 74 | $549 $100K 1-Step | $200K | 1-Step2-StepInstant | Match TraderMT5 | 2021 United Kingdom |
 ThinkCapital | 4 ★ | 62 | $349 $100K 3-Step | $1.5M | 1-Step2-Step3-StepInstant | ThinkTrader | 2024 United Kingdom |
 City Traders Imperium | 4.3 ★ | 57 | $449 $100K 1-Step | $400K | Instant1-Step2-Step | MT5Match Trader | 2018 United Arab Emirates |
 Hantec Trader | 4 ★ | 53 | $299 $100K 3-Step | $400K | 1-StepInstant2-Step | MT4MT5 | 2023 Mauritius |
 Atmos Funded | 4.6 ★ | 46 | $549 $100K 2-Step | $400K | Instant1-Step2-Step | MT5 | 2024 Cyprus |
 The Trading Pit | 3.9 ★ | 38 | $189 $100K 1-Step | $100K | 1-Step2-StepInstant | MT4MT5cTrader | 2022 Liechtenstein |
 WSFunded | 3.7 ★ | 32 | $499 $100K 1-Step | $2M | Instant1-Step2-Step | MT5Match TradercTrader | 2023 United Arab Emirates |
 BEM Funding | 5 ★ | 32 | $460 $100K 1-Step | $200K | 1-Step2-Step | MT5cTrader | 2024 United Arab Emirates |
 Orion Funded | 4.1 ★ | 10 | $409 $100K 3-Step | $200K | Instant1-Step2-Step3-Step | MT5Match Trader | 2023 United Arab Emirates |
 Fintokei | 4.3 ★ | 8 | $419 $100K 3-Step | $200K | 3-Step2-Step1-Step | MT4MT5TradingViewcTrader | 2023 Czech Republic |
 Leveraged | 4.8 ★ | 5 | $188 $100K 1-Step | $1.4M | 1-Step2-Step3-Step | MT5cTrader | 2025 Saint Lucia |
What to check before you buy
- Check the profit target for each phase and whether there is a time limit.
- Confirm whether the fee is refunded with your first payout.
- Make sure the rules on the funded account match the rules you passed under.
Frequently asked questions
Why would I pick two steps over one?
Two-step programs usually allow a larger maximum loss and a static drawdown, which gives a strategy more room to recover from a losing run.
Do I pay twice?
Usually not. One fee typically covers both phases, but check the firm's terms.
