Prop Trading Firms by Evaluation Type

Choose the evaluation architecture that matches your trading psychology. Compare single-phase sprint challenges, traditional 2-step cushions, low-cost 3-step models, and zero-evaluation instant funding.

Single Phase

1-Step Evaluation Challenges

Difficulty: High (Speed Scalper)

Get funded in a single phase. Fastest path to real payouts without Phase 2 delays.

Target: 9% - 10%Drawdown: 5% - 6% Trailing

Inspect 1-Step Evaluation Challenges

Two Phases (Phase 1 & Phase 2)

2-Step Traditional Evaluations

Difficulty: Balanced (Industry Standard)

The industry benchmark with generous static drawdown buffers and flexible rules.

Target: Phase 1: 8%-10% / Phase 2: 5%Drawdown: 10% Static / 5% Daily

Inspect 2-Step Traditional Evaluations

Three Phases (Phase 1, 2 & 3)

3-Step Budget Evaluations

Difficulty: Low (Patient Trader)

Ultra-low fee evaluations with gradual stepping targets for disciplined budget traders.

Target: Phase 1: 6% / Phase 2: 6% / Phase 3: 5%Drawdown: 6% - 8% Static

Inspect 3-Step Budget Evaluations

Zero Phases (Immediate Live)

Instant Funding (No Evaluation)

Difficulty: None (Direct Capital)

Skip the challenge phase entirely. Trade funded capital from day one with instant profit splits.

Target: 0% Target (Instant Payout Eligibility)Drawdown: 5% - 8% Static or Trailing

Inspect Instant Funding (No Evaluation)