Phases for 2 Step Pro Model
The 2 Step Pro model consists of two evaluation phases, the Student Phase and the Practitioner Phase. The successful completion of both phases qualifies you for a Master Account.
Important: During purchase, you can add the Daily Reward cycle to your 2 Step Pro Master Account. Choosing this option adds a 35% consistency rule to your Student and Practitioner phases, but not the Master Account. If you don't really need Daily Rewards, you keep the Weekly Reward cycle, where there are no consistency rules for your evaluation or Master Account.
Next Steps After Passing a Phase
The transition to the next step after passing a phase is based on your account size:
For accounts below $100,000, the next phase will be issued immediately upon successful completion.
For accounts $100,000 and above, the results of your previous phase will go through a review before moving on to the next phase.
The Student Phase (Phase I)
This phase tests your trading skills and helps define your trading profile.
Trading Objectives:
Achieve an 6% profit target during the Student Phase.
Complete a minimum of 1 trading day to pass the evaluation.
Adhere to trading rules and loss limits.
The Practitioner Phase (Phase II)
This phase confirms your consistency and validates the outcomes of the Student Phase.
Trading Objectives:
Achieve a 6% profit target during the Practitioner Phase.
Complete a minimum of 1 trading day to pass the evaluation.
Adhere to trading rules and loss limits.
The Master Account
Once you successfully pass the Evaluation Phase, you will be offered the opportunity to trade on a Master Account.
For more information on setting up the Master Account, click here.
Account Violations (Hard Breach)
Hard breach are serious violations of our established rules. Committing a hard breach will result in the immediate closure of your account.
Maximum Loss Limit
The Maximum Loss Limit is the total amount your equity or balance cannot go below. Violating this rule is a hard breach and will lead to the closure of your account.
Maximum Loss Limit: 6% (of the initial account size)
Example:
For a $100,000 account, your equity or balance cannot drop below $94,000.
Daily Loss Limit
The Daily Loss Limit is the amount you are allowed to lose in a single day. This rule uses the higher value between equity and balance. Violating this rule is a hard breach and will lead to the closure of your account.
Daily Loss Limit: 3% (of the higher value between your starting equity or balance.)
Example 1: Higher Equity
With a $105k balance and a $107k equity, your equity cannot fall below $103,790 that day.
Example 2: Higher Balance
With a $100k balance and a $99k equity, your equity cannot fall below $97,000 that day.
The equity for the day (floating profit/loss plus closed positions) must not hit the Daily Loss limit.
The Daily Loss Limit resets at 00:00 Platform Time (GMT+2).
You can always check the reset timer on your FundingPips dashboard to know when your daily loss limit resets.
3% Rule (Master Account Only)
Your biggest loss per trade should not exceed 3% of the account size: This Includes:
Single entry
Splitting a trade into multiple positions
Same Trade Idea.
This rule applies exclusively to master accounts and does not extend to evaluation models. Violating this rule is a hard breach and will lead to the closure of your account.
Single Trade:
The maximum loss allowed on any single trade is 3% of the initial account size.
Example:
For a $100,000 account, the maximum loss per trade is $3,000.
Splitting a Trade into Multiple Positions:
If a trade is divided into several smaller positions, the total combined loss across all positions must not exceed 3% of the initial account size.
Example:
For a $100,000 account, splitting a trade into three positions and losing 1% ($1,000) on each results in a total loss of 3% ($3,000).
Same Trade Idea:
Opening a new position in the same direction within 5 minutes after closing a losing trade is considered part of the same trade idea.
Example:
For a $100,000 account, if you close a trade with a 2% loss ($2,000) and reopen another in the same direction within 5 minutes, losing an additional 1% ($1,000), the combined loss of 3% ($3,000).
Inactivity
A trading account will be breached if it remains inactive for 30 consecutive days. To keep the account active, you must open and close at least one trade within this period. If no trades are completed during the 30-day window, the account will be breached.
Additional Guidelines (Soft Breach)
Soft breaches do not lead to account closure, but may result in restrictions such as limited access or removal of profits depending on the violated rule.
Holding Trades During News and Over the Weekend
We use Forex Factory as the official source for our news calendar, and you can also access our calendar directly through your account for added convenience. High-impact news events and speeches are highlighted in red.
During the Evaluation Stage
There are no restrictions on holding trades during news events or over the weekend during the evaluation stage. You are free to manage your trades as you see fit.
During the Master Account
You can hold trades during news events and over the weekend. However, there are specific rules regarding trades opened or closed near high-impact news events.
High-Impact News Events
You cannot open or close positions during a 10-minute window surrounding a high-impact news event (red folder ONLY) on affected currencies. This window spans 5 minutes before and 5 minutes after the event.
Profits from trades opened or closed within 5 minutes before or after a high-impact news event or speech will not be counted on the Master account.
Example: Related Currency
If a high-impact news affects USD, you can’t trade USD-related pairs within this 10-minute window.
Example: 10-Minute Window
If you open a trade 30 minutes before a news event, closing it within the 10-minute window will result in the profits being disqualified.
High-Impact Speeches
During news speeches (red folder ONLY), the restricted window extends from 5 minutes before the speech begins until 5 minutes after the speech concludes.
Exception
To help swing traders while preventing news gamblers, trades that are opened 5 hours prior to a high impact news event are excluded and allowed to close within the prohibited time window. The profits of these trades will be counted.
Trading Rule Clarification
Trades Opened More Than 5 Hours Before the News: Profits will count if closed within the 10-minute window before the event.
Trades Opened Less Than 5 Hours Before the News: Profits will not count if closed during the 10-minute window.
Closing any partial orders will affect the entire order, leading to a flag for news trading.
Traders are responsible for violations if deductions exceed the daily loss or maximum loss limit.
Rewards
The minimum reward amount is 1% of the initial balance, including our split. Transfers are subject to exchange rates and transaction fees.
Rewards
During purchase, you can choose between the below options:
Weekly Rewards (80% Reward Split)
You can request a reward with an 80% reward split every 7 calendar days after the first executed trade on your Master account.
Daily Rewards (80% Profit Split) - (Beta)
A trader can request a reward daily after the first executed trade on the Master account with an 80% reward split applied.
Choosing this option adds a 35% consistency rule to both the Student and Practitioner phases. This rule does not apply to your Master account.
Tradable Instruments
Forex and Metals have a $5 commission per lot. Indices, and Oil are commission-free. You can trade the following assets with RAW spreads.
Cryptocurrency has a 0.04% commission.
Commission calculation for Cryptocurrencies ( Lot size x cryptocurrency price x 0.04% )
Example: Trader opens a trade on ETH/USD at a price of 2600. the total commission charged will be: 1 x 2600 x 0.04% = 1.04
Leverage
Forex (1:100)
Metals (1:30)
Indices (1:20)
Energies (1:10)
Crypto (1:2)
Reminder:
To avoid extreme market conditions for higher volumes, there is a 20 lot limit that can be opened in one click/trade based on what your margin/leverage allows for. The platform will not allow higher lot sizes in one click. This is a limitation per trade.
Important update:
A temporary change to metals margin requirements has been implemented on 2-Step Pro Master accounts and will remain in effect until further notice.
Margin Requirement Update (Effective after the Market close on December 31, 2025):
Default Gold Margin Requirement: 3.33%
New Gold Margin Requirement: 6.66%
Default Silver Margin Requirement: 3.33%
New Silver Margin Requirement: 20%
We actively monitor market conditions and geopolitical developments to ensure a safe and stable trading environment. When volatility, liquidity, or overall risk levels change, we may adjust trading conditions as needed. This can include temporary changes to leverage and margin requirements. All updates will be communicated to clients promptly by email.
For more information, please visit: CME website