Below is a brief description of the main account types and challenges available on the Propywise platform. Each option has its own terms and objectives, so we recommend that you carefully study them before choosing the one that suits you.
1. One Step Challenge
Key Features:
Trading Period: 30 days
Minimum Trading Days: 5
Max Daily Drawdown: 4%
Max Total Drawdown: 8%
Profit Target: 10%
Time Limit: Yes (30 days)
The One Step Challenge is suitable for traders who want to quickly test and confirm their performance. You need to achieve 10% profit during one stage, while adhering to the established risk limits. After successfully completing it, you can move on to the Funded Account.
2. 2-Step Challenge
The 2-Step Challenge consists of two stages (Phase 1 and Phase 2). Each stage has its own profit and risk requirements, but there is no strict time limit.
2.1. Stage 1 (1st Step)
Trading period: No time limit
Minimum trading days: 3
Max. daily drawdown: 5%
Max. total drawdown: 10%
Profit target: 8%
The goal is to show a stable result, reaching 8% profit, without violating the drawdown limits and having made at least 3 trading days.
2.2. Stage 2 (2nd Step)
Trading period: No time limit
Minimum trading days: 3
Max. daily drawdown: 5%
Max. total drawdown: 10%
Profit target: 5%
After successfully completing the First Stage (1st Step), you move on to the Second (2nd Step). To enter the Funded Account, you need to reach 5% profit and comply with all the rules.
2-Step Challenge is aimed at traders who prefer to work without strict deadlines, while consistently proving their reliability and managing risks.
3. Funded Account
Key features:
Trading period: Unlimited time
Minimum trading days: None
Max daily drawdown: 5%
Max total drawdown: 10%
Profit target: None (you get a share of the profit)
Funded Account is an account that you receive after successfully completing the corresponding challenge (One Step or 2-Step). There is no profit target and no minimum number of trading days.
4. Instant Funded
Instant Funded allows traders to immediately access company funds without going through any challenge stages. This account comes with specific rules for risk management and profitability:
3% Maximum Daily Loss Limit
The daily loss (based on whichever is higher between balance or equity) must not exceed 3% of the initial amount each day.
This limit resets daily at 00:00 CE(S)T/server time.
5% Maximum Trailing Loss Limit
The account’s equity/balance must never fall below 5% of the highest equity reached after the account has gained at least 5% from the initial balance.
This is a trailing mechanism: once your equity grows by 5%, the highest equity locks in and the 5% limit is applied from that new high.
Example: If your balance/equity reaches $102,000 (from $100,000) and your trailing limit is 5%, your equity/balance cannot drop below $97,000 at any time.
15% Consistency Score
Your largest winning day must not exceed 15% of your overall profit. If it does, you must keep trading until your performance stabilizes, ensuring no single day’s profit is disproportionately large.
1% Maximum Risk Limit
Your floating Profit/Loss (PnL) cannot drop below -1% of the account size. If it does, the account will be closed.
7 Minimum Profitable Days
Within each 30-day cycle (starting from the day of your first trade), you must achieve at least 7 profitable days, where each profitable day’s gain is at least 0.25% of the account balance.
The 30-day period resets either at the end of each cycle or when you request a reward. If this requirement isn’t met by the end of the 30-day period, it is considered a rule violation.
3% Safety Cushion
The first 3% profit generated on the Instant Funded Master account cannot be withdrawn as a reward. This creates a safety buffer to protect you from hitting the 3% Daily Loss Limit immediately after withdrawing profit.
Biggest Loss Cannot Exceed Biggest Win
Your biggest loss must not exceed your biggest win. If it does, you must continue trading until the biggest win once again surpasses your biggest loss.
How to choose an account?
If speed is important to you and you are ready to meet strict deadlines, choose One Step.
If you prefer to work without time limits and gradually prove your reliability, the 2-Step Challenge is suitable.
Instant Funded: Perfect for experienced traders who want immediate access to company funds without going through a challenge phase, but are prepared to meet more stringent risk and consistency requirements.
Regardless of your choice, you have the opportunity to use up to 1:100 leverage, trade the main financial instruments (Forex, metals, indices, etc.), and also use EAs, indicators and other trading tools within the Propywise rules.