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The Best 2-Step Prop Firms
11 firms · Updated May 2026
Two-step challenges are the standard structure of the industry: pass phase one with a higher profit target, confirm it in phase two with a lower one, and the funded account follows. Because two phases give the firm a longer look at how you trade, two-step programs usually carry the friendliest terms available — lower fees than one-step or instant programs for the same account size, more generous drawdown, and fewer consistency restrictions.
The cost is time. Even a good run takes weeks, minimum trading day requirements can stretch it further, and there are two phases to fail rather than one. For most traders still building consistency, the two-step route remains the best value in prop trading, simply because the fee per attempt is lowest and the rules give a strategy room to breathe.
The ranking below covers every firm we track with a two-step program, ordered by the cheapest two-step account after live discounts. Open a firm's review to compare its phase targets, drawdown type and minimum trading days before you commit — two firms with identical fees can demand very different things across those two phases.
Every firm, compared
Firm | Country | Active | Assets | Platforms | Max Allocation | Quick Buy | Action | |
|---|---|---|---|---|---|---|---|---|
5% Off | 🇮🇱IL Israel | 11 years | Crypto FX Indices Metals Other Commodities Energy |  MT5 | $400K | 5% Off | ||
30% Off PFT30  copy | 🇻🇨VC Saint Vincent and the Grenadines | 2 years | Crypto Metals FX Indices Other Commodities |  TradeLocker  MT4 MT5  DXTrade | $400K | 30% Off PFT30 copy | ||
20% Off PFT copy | 🇦🇪AE United Arab Emirates | 4 years | Crypto Energy FX Indices Metals |  cTrader MT5  Match Trader | $300K | 20% Off PFT copy | ||
35% Off PFT copy | 🇦🇪AE United Arab Emirates | 5 years | FX Metals Crypto Indices Other Commodities | TradeLocker Match Trader MT5 | $1M+ | 35% Off PFT copy | ||
🇦🇪AE United Arab Emirates | 5 years | Crypto Energy FX Indices Metals Other Commodities | cTrader MT4 MT5 Match Trader | $300K | ||||
15% Off PFT copy | 🇬🇧GB United Kingdom | 5 years | FX Metals Indices Other Commodities | cTrader DXTrade MT5 TradeLocker | $400K | 15% Off PFT copy | ||
20% Off PFT copy | 🇦🇪AE United Arab Emirates | 4 years | Crypto FX Indices Metals Other Commodities | cTrader DXTrade MT5 | €400K | 20% Off PFT copy | ||
33% Off PFT copy | 🇬🇧GB United Kingdom | 4 years | FX Metals Indices Crypto Stocks | MT4 MT5 DXTrade  TradingView | $845K | 33% Off PFT copy | ||
2% Off PFT copy | 🇻🇬VG British Virgin Islands | 3 years | Crypto |  Breakout Terminal | $200K | 2% Off PFT copy | ||
10.03% Off PFT copy | 🇲🇹MT Malta | 4 years | FX Indices Metals Other Commodities Crypto Stocks | TradeLocker cTrader MT5 | $200K | 10.03% Off PFT copy | ||
🇨🇿CZ Czech Republic | 12 years | FX Metals Crypto Energy Indices Stocks | cTrader MT4 MT5 | €400K |
Want different filters? Build your own comparison from every firm we track.
How we rank
Only 2-step accounts are counted here, and firms are ordered by their cheapest 2-step account after live discounts. The order is recomputed from the pricing and terms in our database whenever a firm's data changes — no firm can pay for its position on this page. Read more about where our data comes from in our research methodology.
The Best 2-Step Prop Firms: FAQs
What is a 2-step evaluation?
The industry's standard funding route: a first phase with a higher profit target, then a verification phase with a lower one. Pass both without breaching drawdown and the firm funds you.
Why are 2-step challenges usually cheaper?
The two phases filter traders over a longer period, so fewer accounts that reach funding go on to cost the firm payouts it did not expect. That lower risk is passed back as lower fees and generally looser rules than one-step or instant programs.
How long does a 2-step challenge take?
It varies with your strategy and the firm's rules. Each phase has its own target, and many firms impose minimum trading days per phase, so even a clean run typically spans a few weeks. The firm's review lists its specific targets and minimum days.
Should I pick 1-step, 2-step or instant funding?
Two-step offers the lowest cost per attempt and the most forgiving rules; one-step trades stricter rules for speed; instant removes the evaluation but multiplies the fee. The more proven your strategy, the further right you can afford to move on that scale.
More rankings
The Best 1-Step Prop Firms
Prop firms with one-phase evaluations, ranked by the cheapest 1-step account after discounts. Compare fees, drawdown types and rules.
Cheapest Prop Firm Challenges
Every prop firm we track ranked by real entry cost after live discounts. Compare the cheapest challenge fees and the rules that come with them.
Prop Firms With the Highest Profit Split
Prop firms offering a 90% profit split or better, ranked by published split. See what the headline number really pays and when it applies.
Compare two firms head-to-head
Put any two prop firms side by side: pricing, rules, payouts and platforms.
Affiliate disclosure: Some links on this page are affiliate links and we may earn a commission if you buy a challenge. That never changes how this page is ordered — the ranking is computed from listed pricing and terms alone. Read our research methodology.
