Prop Firms by Challenge Types

Two-Step Challenge Prop Firms

A comprehensive list of Forex prop firms that offer Two-Step Challenges as part of their challenge or funded account rules. You'll find up-to-date information about each firm, including user ratings, trading platforms, maximum allocation, and years in operation. Whether you are exploring a firm for the first time or comparing several options, this resource helps you identify which firms align with your trading style and challenge preferences. Choosing a Forex prop firm that supports Two-Step Challenges is an important step in ensuring your strategy can be applied without unnecessary restrictions. All firms listed on Prop Firm Match are vetted through our due diligence process.

Firms33

Platforms
Promo

4

$300K

7%OFF

3

$400K

10%OFF

3

$400K

30%OFF

10+

$1.43M

10%OFF

4

$400K

40%OFF

5

$400K

25%OFF

3

$600K

60%OFF

2

$400K

30%OFF

0

$2.4M

50%OFF

3

$330K

10%OFF

1

$400K

35%OFF

3

$1.1M

26%OFF

2

$400K

20%OFF

3

$400K

45%OFF

3

$200K

40%OFF

2

$400K

50%OFF

10+

$600K

35%OFF

5

$1.6M

25%OFF

10+

$400K

20%OFF

Logo

Less than

20 reviews

3

$400K

50%OFF

3

$300K

50%OFF

4

$2.5M

50%OFF

Less than

20 reviews

3

$700K

20%OFF

2

$400K

40%OFF

2

$400K

4

$400K

15%OFF

2

$200K

40%OFF

2

$600K

20%OFF

8

$720K

15%OFF

new
Logo

Less than

20 reviews

1

$1.51M

60%OFF

Less than

20 reviews

4

$600K

2

$400K

50%OFF

new
Logo

Less than

20 reviews

0

$300K

37%OFF

What Is Two-Step Challenges?

Two-Step Challenges refers to a two-phase evaluation requiring traders to pass Phase 1 and Phase 2 before accessing a funded account. two-step challenges are the most common structure in the industry, balancing accessibility with proof of consistency. traders who want a structured evaluation with clear milestones before full funding will find the firms on this page particularly useful. All firms listed here have been verified by the Prop Firm Match team and meet our compliance and due diligence standards.


Why Two-Step Challenges Matters

two-step challenges are the most common structure in the industry, balancing accessibility with proof of consistency

Industry-standard structure

The most widely supported format across prop firms

Lower per-phase targets

Each phase typically requires a smaller profit percentage than one-step equivalents

Proof of consistency

Two phases help traders demonstrate repeatable performance


Related Pages

How Prop Firm Match Vets These Firms

Every prop firm featured on this page has passed our structured due diligence process. We assess compliance history, payout reliability, rule transparency, and verified trader feedback before listing any firm. Ratings reflect real input from traders who have passed evaluations or received payouts — not incentivised or unverified reviews.

FAQ: Two-Step Challenges

What is a two-step challenge?

A two-step challenge requires traders to pass two separate evaluation phases, each with its own profit target and drawdown rules, before receiving a funded account.

Is a two-step challenge harder than one-step?

Not necessarily. Two-step challenges often have lower per-phase targets and more time, which can make them more manageable for consistent traders.

What happens if I fail Phase 2?

Most firms allow a retake or reset, sometimes at a fee. Some offer free resets — check our Unlimited Retake page for those options.

Exclusive Offers

See all

120% Reward after cycle 1 on all Stellar accounts except Instant

New Offer
120%Reward Fee
The 5%ers prop firm logo

4.7

1348

10% off + credits equivalent to free account of the same size if reaching payout on all accounts except 100K High Stakes account (first order only)

New Offer
10% OFF
+ Free Account

Less than

20 reviews

37% off all accounts

New Offer
37% OFF

30% off + 15% evaluation profit reward from evaluation stage + free account of the same size if reaching payout on 1-Step challenges

New Offer
30% OFF
+ Free Account

10% off all accounts (first order only)

10% OFF

40% off on Direct accounts

New Offer
40% OFF
Ends: Nov 1

25% off first order, 10% off all subsequent accounts

New Offer
25% OFF

25% off all accounts

New Offer
25% OFF

40% off on Pay Later accounts

40% OFF

50% off all accounts (new customers only)

New Offer
50% OFF

Stay Connected

Subscribe For The Latest In Prop Trading News And Deals

200 Loyalty Points Welcome Bonus.

Sign up free to claim points, unlock rewards, save favorite firms, and start earning more through reviews and platform activity.

Create Free Account
Prop Firm Business

Have Questions?

Contact Us for More.

Contact Us
twitter-logoinstagram-logoyoutube-logotiktok-logolinkedin-logo

© 2026 Prop Firm Match. All rights reserved.