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How Funded Trading Challenges Work
Thank you! So guys, welcome to the blog. I’m just going to explain in more detail how the challenges work and, if you fail, what happens. Do you owe people money? If you make money, how does it work from there?
Two Types of Challenges: One-Step vs. Two-Step
Before we start any of that, let’s quickly talk about the two types of challenges you can have: the Two-Step Challenge and the One-Step Challenge. These are two different types of challenges you can choose to embark on your funded trading journey.
Two-Step Challenge
A two-step challenge basically means:
- Phase 1: You need to make an 8% profit with a maximum of 8% drawdown and 5% daily drawdown.
- Phase 2: You need to achieve a 5% profit target with the same risk parameters (5% daily drawdown and 8% overall drawdown).
Once you’ve passed Phase 2, you then get a live account. On this live account, you keep 80% of the profits. Additionally, on your first payout, you’ll get a refund of the initial investment that you paid for the challenge.
One-Step Challenge
A one-step challenge requires you to pass once by:
- Achieving a 10% profit target
- Staying within a 4% maximum daily drawdown and 6% overall drawdown
No Trading Time Limits at My Funded FX
Once you are live, you keep the account. There is no time limit on your trading:
- You don’t have to open a trade every single day.
- You don’t have to trade every month.
- There is no inactivity penalty.
You can pause trading, wait for the best setups, and trade only when you’re in the right emotional state. This flexibility mirrors how real trading works.
How Payouts Work
When your account is in profit:
- You keep up to 80% of the profit split.
- VIP programs allow you to keep up to 90% or even 95% in the future.
- Consistent profitable traders are rewarded with increased profit splits, increased drawdowns, and scaling opportunities up to $1.5 million in trading capital.
What Happens If You Fail?
If you break the rules or lose the account:
- You don’t owe money for any losses.
- You only lose the initial investment you made for the challenge (e.g., $500).
Embrace Failure as a Path to Success
Failing is part of the journey. Review why you failed:
- Was it due to a losing streak?
- Did emotions or poor strategy play a role?
Failure is the stepping stone to success. Learn, improve, and come back stronger.
Why Choose My Funded FX?
At My Funded FX, we focus on transparency and flexibility. Many of our rules are now becoming industry standards:
- No trading time limits
- Generous profit splits
- Opportunities for growth
Choose a reputable firm, and make funded trading a reality.
Manifest Your Success
Make it your goal to become a funded trader. Hit your targets, and one day, you could be featured on our channel for a payout interview. Comment below and manifest your success—let’s win together!
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