Overview
What is the 2 Step Challenge?
The 2 Step Challenge is a two-phase evaluation account with:
Phase 1 Target: 10%
Phase 2 Target: 5%
Maximum Drawdown: 10%
Daily Drawdown: 5%
There are no time limits on completing either phase.
The rules below are for the funded phase ONLY, you are allowed to trade without stop loses, average into trades etc, you also do not need to complete any profit or lot consistency. If you hit the profit target without breaching the drawdown rules, and you pass KYC, you will get funded.
Trading Rules
Stop Losses
A stop-loss is mandatory in funded accounts and must be set within 5 minutes of trade entry.
Not required during the challenge phases, but strongly recommended.
Fake stop-losses are prohibited (e.g., placing a SL that, if hit, would cause losses greater than daily/max drawdown).
News Trading
News trading is allowed during both evaluation and funded phases.
Expert Advisors (EAs)
EAs are not permitted on the 2 Step Challenge.
Copy Trading
Allowed for copying your own trades to your SLF funded account.
Copying identical trades from other traders in the same timeframe is not allowed.
Averaging Into Trades
Allowed, but trades in the same direction on the same pair (within a short timeframe) are treated as one Trade Idea.
Trade Ideas are used for Profit Consistency and Lot Consistency checks.
Tick Scalping
Please avoid any attempts at tick scalping, and keep trades open for over 2 minutes.
Consistency Rules
Profit Consistency Rule (from 1st June 2025)
No single trading day may equal or exceed 25% of your total profit for that payout period.
Example: If you make $1,000 in one day, you must reach $4,000 total profit before you are eligible to request a payout.
Profit caps apply when calculating the 25% threshold.
Payout requests cannot be made until this rule is satisfied.
Lot Size Consistency
Checked at the time of payout.
Based on your average trade size:
Max lot = average + 100%
Min lot = average – 75%
Example: Avg 1 lot → max 2 lots, min 0.25 lots.
❗ Multiple trades in the same direction on the same pair, opened close together, are treated as one Trade Idea. Lots and profit are combined.
Drawdown & Targets
Overall Drawdown
Max drawdown = 10% of initial balance.
Example: On a $100,000 account, equity may never drop below $90,000.
Unlike daily drawdown, this limit does not reset.
Maximum Daily Loss (Daily Drawdown)
The maximum daily loss is 5% of the initial account balance.
Each day at 5pm EST, we calculate your new daily loss limit by taking the higher of your account balance or equity, then subtracting 5% of the initial balance.
Example 1 – With Floating Profit
On a $100,000 account, if at 5pm EST you have an open trade with a floating profit of $2,000, your equity is $102,000.
The next day, your equity cannot drop below $97,000.
( $102,000 – $5,000 = $97,000 )
Example 2 – With Floating Loss
On a $100,000 account, if at 5pm EST you have an open trade with a floating loss of –$2,000, your equity is $98,000.
Since your $100,000 balance is higher, the daily drawdown is based on that.
The next day, your equity cannot fall below $95,000.
( $100,000 – $5,000 = $95,000 )
Profit Targets
Phase 1: 10%
Phase 2: 5%
Payouts
Withdrawal Schedule
Payouts are instant request — meaning you can request a payout as soon as you meet requirements.
Actual processing is covered by our 24-hour payout guarantee (details below).
24-Hour Payout Guarantee
Payouts are guaranteed within 24 business hours.
If delayed, you’ll receive an extra 10% on your profit split.
Exceptions:
Weekends/holidays (bank delays)
Compliance checks / risk review
Delays in Rise onboarding or user response
Profit Split
Standard split = 80/20.
Instant Payouts
Instant payout requests are available on the 2 Step Challenge, as well as on the 1 Step and Instant Funding challenges.
This means you can request a payout immediately after passing requirements, though processing still falls under the 24-hour guarantee.
Rule Breaches & Payout Denials
Soft Breaches (Profit Deductions)
If you break a rule (e.g., Lot Consistency, Stop Loss rule, or other restrictions), the profit from that trade is deducted from your total profit.
If deductions are less than your profit, the reduced payout is still processed.
If deductions are greater than your profit (e.g., $3,000 profit but $4,000 deducted), your payout is denied.
You have a maximum of 20 soft breaches before account closure, this is detected at payout stage. Not automatically
Payout Denial Penalties
1st denial: profit split halved.
2nd denial: account closed.
Resets
Free Reset
Not available on the 2 Step Challenge.