Prop Trading Firms 
There are a few different types of prop firms that you can choose from. One of the most popular options for traders of all experience levels is the one step challenge prop firm. They have a less prolonged process compared to prop firms with a two-step evaluation process whilst they don’t give you the pressure that can come with an instant funding prop firms with no challenge.
You will just need to pass a 1 step trading challenge which gives the prop firm a way to evaluate your performance. Most prop firms will have a variety of trading challenges that you can choose from depending on your initial investment size and trading strategy. The best one step evaluation prop firms should allow most trading strategies, have realistic profit targets, reasonable drawdowns and an acceptable number of trading days.
You will need to show the prop trading firm that you can meet profit objectives that they set during an allocated period of time. Aspiring prop traders will need to stay withing the trading rules and try to pass the one step evaluation process whilst showing sensible money management and consistency.
A one step evaluation gives the prop firm a chance to see how well you trade before they commit to giving you access to a funded trading account. It also gives you an opportunity to make sure that the one step prop firm provides you with the trading conditions and support that you need to reach your full potential.
SurgeTrader Review
Funded Trading Plus Review
Lux Trading Firm Review
ForexPropFirm.Com Review
SurgeTrader, another prop company with a one-step challenge, provides six distinct account sizes. Accounts ranging in value from $25,000 to $1,000,000 are available for a one-time cost. You must meet the 10% profit objective specified in the challenge conditions without going over the 4% daily or 5% maximum trailing drawdown limits. There are no restrictions on instruments and 0 minimum trading days. There is no required 30-day holding period like you see with some other prop firms.
| Starter – $25K | Intermediate – $50K | Seasoned – $100K | Advanced – $250K | Expert – $500K | Master – $1M | |
|---|---|---|---|---|---|---|
| Account Type | Standard | Standard | Standard | Large | Large | Large |
| Profit Share | 75% | 75% | 75% | 75% | 75% | 75% |
| Profit Target (10%) | $2,500 | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 |
| Daily Loss Limit | 4% | 4% | 4% | 4% | 4% | 4% |
| Max Trailing Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Audition Fee | $250 | $400 | $700 | $1,800 | $3,500 | $6,500 |
Once you have passed the audition phase, SurgeTrader will get you into a funded account within 24-48 hours, unlike other prop trading companies that require two business days or more to check and validate your evaluation. You can receive a 75% profit share on your profits if you complete the task successfully, which can be scaled up to 90% with add-ons.
SurgeTrader Best seller
The Funded Trading Plus 1-step may be completed either by trading manually or with the aid of an expert advisor (EA). You must stay inside the 2.5% daily and 5% overall drawdown restrictions while aiming for a 10% profit. They don’t charge monthly fees since they think that forcing consumers to trade by putting time constraints leads to unwise judgements. An experienced trader will be able to complete the phases quite rapidly.
| Evaluation Type | Single Phase | Single Phase | Single Phase | Single Phase | Single Phase |
|---|---|---|---|---|---|
| Profit Split | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) | 80/20 (up to 90/10) |
| Profit Target | 10% | 10% | 10% | 10% | 10% |
| Min. Trading Days | None | None | None | None | None |
| Maximum Leverage | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 | Up to 1:30 |
| Platforms | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView | MT4, MT5, or TradingView |
| Relative Drawdown | 6% | 6% | 6% | 6% | 6% |
| Daily Drawdown | 3% | 3% | 3% | 3% | 3% |
| Account Size (USD) | $12,500 | $25,000 | $50,000 | $100,000 | $200,000 |
| Refundable Fee | $119 | $199 | $349 | $499 | $999 |
When you become a funded trader, you are given 80% profit splits, which can eventually rise to 90% with their scaling plan if you are trading consistently. This prop firm also have a two-step evaluation challenge and an instant funding account with the master trader program.
Funded Trading Plus
For traders with market expertise, ForexPropFirm.com have devised a 1-step evaluation process. As it is a one-phase evaluation, only one challenge needs to be finished in order to qualify for funding. In order to increase the likelihood that traders will succeed, they have tailored the software to best support low risk trading. With a 10% profit objective, traders have the option to scale their account balance up to the next level, up to $10,000,000.
This prop firm don’t set time limitations or charge monthly fees for this programme since they believe that these restrictions are unfair because they frequently drive traders to complete challenges as quickly as possible which can lead to unnecessary mistakes. When you pass the 1-Phase or 2-Phase Evaluation, ForexPropFirm.com provides real capital to trade with on the Live Markets – your gains are their gains. The prop firms aim is to find and fund real traders.
ForexPropFirm.Com
Lux Trading Firm is another prop firm with a one-step evaluation challenge. There are 3 simple steps to get a funded account with no time limits, just make sure that you stick to the trading rules. They also use a single stage for their review, with a 6% profit margin. They do not, however, have a daily drawdown cap regulation. Your sole attention should be on staying below their 4% relative drawdown cap. Upon successful completion, you are given an actual account with a 75% profit share that may grow beyond $10,000,000 by adhering to their guidelines.
Lux Trading Firm
There are a few things you want to look for when choosing a prop firm with a 1-step evaluation process. You will be taking a trading challenge, so it is logical to try and choose a challenge that has favourable trading conditions and rules. For instance, it would be easier to achieve a profit target of 5% compared to 10%. If you want to use expert advisors for automated trading, you will need to find a prop firm that allows EAs.
Here are some of the key features to look for when choosing a suitable one step challenge:
- Profit target
- Maximum loss and drawdown
- Minimum and maximum trading days
- Profit share once qualified
- Price of the trading challenge
- Any challenge retake fees
- Trading platforms provided
- Available trading instruments
- Payout frequency and methods
- Prop firm support and reputation
If you want to trade on a funded account but do not feel ready to start with an instant funded account right away, then a one-step evaluation prop firm can be a great compromise. This gives you the opportunity to master your trading skills and improve your market knowledge whilst showing the prop firm that you have what it takes to trade on an account using their capital.
The main disadvantage is that you will need to stick to some trading rules and there may be restrictions on the strategies that you can use. This might make it difficult to pass the evaluation phase in order to qualify for a funded account. That being said, most prop firms will let you retake challenges by paying a small reset fee, provided you have not deliberately been in breach of their terms. If you are looking for more inspiration, please feel free to browse our prop firm reviews and see a list of our top prop trading firms.
