Evaluation Types: 1-Step, 2-Step & Instant
How the three main evaluation models differ, who they suit, and how to choose.
2-Step Evaluation (Most Common)
Two phases: phase one hits a profit target (usually 8–10%); phase two completes a smaller target (usually 5%) while respecting the drawdown. Each phase requires 4–5 minimum trading days.
Pros: mature rules, offered by most firms, usually static drawdown, beginner-friendly. Cons: time-consuming, and failing either phase means repurchasing.
1-Step Evaluation (More Direct)
One phase only: hit the profit target (usually 6–10%) without breaching the drawdown. Futures firms (Apex, TPT, Tradeify, etc.) favor this model.
Pros: short process, payouts in days, low total cost. Cons: often uses trailing drawdown (stricter), and many firms ban EAs or restrict intraday trade frequency.
Instant Funding (No Evaluation)
Skip the evaluation and get a funded account immediately — offered by FundedNext, Funding Pips and others.
Pros: zero waiting, ideal for traders with a proven record. Cons: usually lower splits (60–80%), stricter rules (tight daily drawdown, news restrictions), smaller initial sizes.
How to Choose?
- Beginners: 2-step with static drawdown — more room for error
- Futures swing/intraday: 1-step — shorter cycle, lower cost
- Proven track record: instant funding — save time
- Always check first: drawdown type (static/trailing), daily drawdown, minimum days, consistency rules — then compare price
Information compiled from public sources and subject to change — always confirm with the official website.
Back to Knowledge Base