Two-step challenges, ranked by what actually ends them
40 two-phase programmes, ranked not by the profit they ask for but by the chance a losing streak ends the attempt before you get there. At 1% risk per trade they run from 19% to 98%.
Unlike the one-step field, the difficulty ratio broadly works here — the cheapest ratios really are among the easiest programmes. It breaks on 18 of 40, and it breaks both ways: it flatters 8 and underrates 10.
Every one we have read
| Programme | Ratio | Target | Daily | Breaching it | Losses | Fails |
|---|---|---|---|---|---|---|
| Fidelcrest Micro Trader — Aggressive | 1.50 | 15% + 15% | 10% | Ends the attempt | 10 | 19% |
| Fidelcrest Pro Trader — Aggressive | 2.00 | 20% + 20% | 10% | Ends the attempt | 10 | 25% |
| Fidelcrest Micro Trader — Normal | 1.00 | 5% + 5% | 5% | Ends the attempt | 5 | 63% |
| FundedNext Stellar 2-Step | 1.30 | 8% + 5% | 5% | Ends the attempt | 5 | 73% |
| Funding Pips 2 Step Standard | 1.30 | 8% + 5% | 5% | Ends the attempt | 5 | 73% |
| Crypto Fund Trader 2 Phases Evaluation | 1.30 | 8% + 5% | 5% | Ends the attempt | 5 | 73% |
| OneFunded Core Challenge | 1.30 | 8% + 5% | 5% | Ends the attempt | 5 | 73% |
| DNA Funded 2 Phase | 1.63 | 8% + 5% | 5% | Ends the attempt | 5 | 73% |
| Era Trade 2-Step Challenge | 1.30 | 8% + 5% | 5% | Ends the attempt | 5 | 73% |
| FTMO 2-Step | 1.50 | 10% + 5% | 5% | Ends the attempt | 5 | 78% |
| The5ers High Stakes | 1.50 | 10% + 5% | 5% | Ends the attempt | 5 | 78% |
| Alpha Capital Group Alpha Pro 10% | 1.50 | 10% + 5% | 5% | Not published | 5 | 78% our reading |
| Alpha Capital Group Alpha Swing | 1.50 | 10% + 5% | 5% | Not published | 5 | 78% our reading |
| Goat Funded Trader 2-Step Standard | 1.50 | 10% + 5% | 5% | Ends the attempt | 5 | 78% |
| HyroTrader Two-Step Challenge | 1.50 | 10% + 5% | 5% | Ends the attempt | 5 | 78% |
| City Traders Imperium 2-Step Challenge | 1.50 | 10% + 5% | 5% | Not published | 5 | 78% our reading |
| Audacity Capital Ability Challenge | 1.50 | 10% + 5% | 5% | Ends the attempt | 5 | 78% |
| Funding Traders 2-Step Pro (PRO10) | 1.50 | 10% + 5% | 5% | Ends the attempt | 5 | 78% |
| Moneta Funded 2-Step Challenge | 1.50 | 5% + 10% | 5% | Ends the attempt | 5 | 78% |
| Fidelcrest Pro Trader — Normal | 2.00 | 10% + 10% | 5% | Ends the attempt | 5 | 87% |
| FundedNext Stellar Lite | 1.50 | 8% + 4% | 4% | Ends the attempt | 4 | 89% |
| FXIFY Two Phase — Pro (Static) | 1.50 | 4% + 8% | 4% | Ends the attempt | 4 | 89% |
| Blue Guardian 2 Step Standard | 1.50 | 8% + 4% | 4% | Ends the attempt | 4 | 89% |
| Alpha Capital Group Alpha Pro 8% | 1.63 | 8% + 5% | 4% | Not published | 4 | 91% our reading |
| For Traders Classic (Forex) | 1.63 | 8% + 5% | 4% | Ends the attempt | 4 | 91% |
| Maven Trading Standard 2-Step | 1.63 | 8% + 5% | 4% | Ends the attempt | 4 | 91% |
| Funded Trading Plus 2-Step Classic | 1.75 | 7% + 7% | 4% | Ends the attempt | 4 | 92% |
| Goat Funded Trader 2 Step GOAT Model | 1.40 | 8% + 6% | 4% | Ends the attempt | 4 | 92% |
| Maven Trading Two Step Omo | 1.75 | 6% + 8% | 4% | Ends the attempt | 4 | 92% |
| OneFunded Value Challenge | 1.75 | 8% + 6% | 4% | Ends the attempt | 4 | 92% |
| Blueberry Funded Prime 2-Step | 1.40 | 8% + 6% | 4% | Ends the attempt | 4 | 92% |
| Blue Guardian 2 Step Pro | 1.40 | 10% + 4% | 4% | Ends the attempt | 4 | 92% |
| FXIFY Two Phase — Classic (Static) | 1.50 | 5% + 10% | 4% | Ends the attempt | 4 | 94% |
| FXIFY Two Phase — Standard (Trailing) | 1.50 | 10% + 5% | 4% | Ends the attempt | 4 | 94% |
| Moneta Funded 2-Step Challenge (lower-cost) | 1.88 | 5% + 10% | 4% | Ends the attempt | 4 | 94% |
| Blueberry Funded Synthetic 2-Step | 1.50 | 10% + 5% | 4% | Ends the attempt | 4 | 94% |
| Funding Pips 2 Step Flex | 1.33 | 10% + 6% | 4% | Ends the attempt | 4 | 95% |
| Funding Pips 2 Step Pro | 2.00 | 6% + 6% | 3% | Ends the attempt | 3 | 98% |
| Alpha Capital Group Alpha Pro 6% | 2.00 | 6% + 6% | 3% | Not published | 3 | 98% our reading |
| Funding Traders 2-Step Pro (PRO6) | 2.00 | 6% + 6% | 3% | Ends the attempt | 3 | 98% |
At 1% risk per trade, a 40% win rate and 2R winners. On 40 of these 40 the daily limit is the cap that ends the attempt, so the overall drawdown decides nothing at this size.
Where the ratio misleads, in both directions
Flattered by the ratio: Era Trade's 2-Step Challenge, Goat Funded Trader's 2 Step GOAT Model, Blueberry Funded's Prime 2-Step, Blue Guardian's 2 Step Pro, FXIFY's Two Phase — Classic (Static), FXIFY's Two Phase — Standard (Trailing), Blueberry Funded's Synthetic 2-Step and Funding Pips' 2 Step Flex. They sit near the front of this field on difficulty ratio and near the back on the arithmetic — a wide drawdown, the number a buyer compares on, paired with a daily limit tight enough that the drawdown is never reached.
Underrated by it: Fidelcrest's Micro Trader — Aggressive, Fidelcrest's Pro Trader — Aggressive, DNA Funded's 2 Phase, Fidelcrest's Pro Trader — Normal, Alpha Capital Group's Alpha Pro 8%, For Traders' Classic (Forex), Maven Trading's Standard 2-Step, Funded Trading Plus' 2-Step Classic, Maven Trading's Two Step Omo and OneFunded's Value Challenge. Their ratios place them mid-field or lower while the arithmetic puts them well forward — the same measure erring the other way, on the same page.
The ratio compares two published percentages and cannot see the daily limit, which is what ends attempts. One of them is worth reading closely: Funding Pips’ Flex is cheaper, roomier and more flexible than its own stablemate — and fails far more often.
Why two phases are usually the easier buy
A second phase adds profit to make, and that is real. But it is priced as the harder product while the tighter daily limit that comes with one-step programmes is not priced at all — and the daily limit is what ends attempts. More target costs you time; a tighter cap costs you the attempt.
The drawdowns here are not one thing. 34 are static, measured from where you started, so profit you bank buys room beneath you — and since these figures apply every cap at its starting level, those are shown at their worst. The other 6 trail the highest closed balance: the floor rises the moment a profit is banked, so banking it buys nothing. Two programmes can print the same drawdown percentage and mean opposite things by it.
For 5 of these, what breaching the daily limit does is not published — Alpha Capital Group's Alpha Pro 10%, Alpha Capital Group's Alpha Swing, City Traders Imperium's 2-Step Challenge, Alpha Capital Group's Alpha Pro 8% and Alpha Capital Group's Alpha Pro 6%. Their figures take the conservative reading and are marked as ours rather than theirs.
What this does not measure
- · Assumes each trade is independent. Correlated positions — three majors against the dollar — lose together and count as one.
- · Assumes every trade risks the same amount. Raising size after a loss shortens the streak you can survive.
- · Uses your stated win rate. If that came from a demo account or a good month, the figure below is optimistic.
- · Fees are published against account sizes on some of these pages and not others, so price is not ranked here.
- · Nothing here is about whether a firm pays out. It compares the chance of being stopped by a losing streak.
On the numbers above
Fidelcrest — Micro Trader — Aggressive
It comes out ahead on the chance a losing streak ends the attempt, at 1% risk per trade, at 19% — 6 percentage points clear of Fidelcrest's Pro Trader — Aggressive, the next best.
This is computed from the published rules, not chosen. Whichever programme wins that calculation appears here, including firms we earn nothing from, and it changes when the rules do. It says nothing about payout reliability, platform, or the fee, which these firms publish inconsistently.
Questions
- Which two-step prop firm challenge is easiest to pass?
- Fidelcrest's Micro Trader — Aggressive, at roughly 19% chance of a losing streak ending the attempt at 1% risk per trade, against 98% for Funding Traders' 2-Step Pro (PRO6). It wins on the two rules that decide it: the widest daily loss limit in the field and the lowest total profit target, which together mean the fewest trades spent exposed to the tightest cap.
- Are two-step challenges easier than one-step?
- Generally yes, which is the reverse of how they are priced. A second phase adds profit to make, and that is real. But firms pair the single phase with a tighter daily limit, and the daily limit is what ends attempts — so the extra target costs you time while the tighter limit costs you the attempt. The best two-step programmes here sit well ahead of every one-step programme we have read.
- Does the difficulty ratio work on two-step challenges?
- Better than on one-step programmes, and not well enough to lean on. Ranked by ratio this field comes out broadly like its ranking by outcome — Fidelcrest's Micro Trader — Normal at the top. But 18 of the 40 move at least 3 places between the two orderings, and they move both ways. The ratio flatters Era Trade's 2-Step Challenge, Goat Funded Trader's 2 Step GOAT Model, Blueberry Funded's Prime 2-Step, Blue Guardian's 2 Step Pro, FXIFY's Two Phase — Classic (Static), FXIFY's Two Phase — Standard (Trailing), Blueberry Funded's Synthetic 2-Step and Funding Pips' 2 Step Flex — near the front on ratio, near the back on the arithmetic, because a wide drawdown is paired with a daily limit tight enough that the drawdown is never reached. It underrates Fidelcrest's Micro Trader — Aggressive, Fidelcrest's Pro Trader — Aggressive, DNA Funded's 2 Phase, Fidelcrest's Pro Trader — Normal, Alpha Capital Group's Alpha Pro 8%, For Traders' Classic (Forex), Maven Trading's Standard 2-Step, Funded Trading Plus' 2-Step Classic, Maven Trading's Two Step Omo and OneFunded's Value Challenge, any of them placed mid-field or lower by ratio while the arithmetic puts them well forward. A number that can err in either direction is a starting point, not an answer.
- What drawdown types are in this table, and does it matter?
- Two. 34 use a static drawdown, measured from the starting balance, so profit you bank buys room beneath you — and because these figures apply every cap at its starting level, those 34 are shown at their worst. The other 6 trail the highest closed balance instead: the floor rises each time a profit is banked, so banking profit buys no room at all. The format is not one thing, and the drawdown line on a pricing page does not tell you which you are buying.