Moneta Funded's 2-Step Challenge is the classic path for traders looking to prove their skills and earn a funded account. With a structured two-phase approach, an evaluation phase followed by a verification phase, it balances risk management with performance, giving traders a clear roadmap to success. This tried-and-true method has become the standard in the prop trading world, offering both challenge and opportunity for disciplined, ambitious traders.
Account Size Offerings:
$5K, $10K, $25K, $50K, and $100K
Program Details:
| Phase 1 | Phase 2 | Funded |
Profit Target | 5% | 10% | N/A |
Daily Loss | 4% | 4% | 4% |
Max Loss (Static) | 10% | 10% | 10% |
Minimum Profitable Days | 3 Days | 3 Days | 3 Days |
Time Limit | Unlimited | Unlimited | Unlimited |
Leverage | 1:100 | 1:100 | 1:100 |
Profit Split | N/A | N/A | 88% |
Payout Frequency | N/A | N/A | 14 Days |
Trading Objectives
Phase 1
Achieve a 5% profit on your account (e.g., $5,000 on a $100,000 account).
Generate profits across a minimum of 3 trading days.
Follow all trading rules and risk limits.
Phase 2
Achieve a 10% profit on your account (e.g., $10,000 on a $100,000 account).
Generate profits across a minimum of 3 trading days.
Follow all trading rules and risk limits.
Funded Account Payouts
Once both phases are successfully completed and all rules are followed, traders can request payouts of $100 or more every 14 days.
Account Violations:
Daily Loss Limit
The maximum loss within any 24-hour period is 4% of equity or balance, whichever is higher.
Exceeding this limit results in an account breach.
Example: For a $100,000 account, your equity or balance must not drop below $96,000 in a single day.
Maximum Loss Limit (Static)
The maximum cumulative loss across all trading days is 10% of equity or balance, whichever is higher.
This limit cannot be used within a single trading day. Exceeding this limit results in an account breach.
Example: For a $100,000 account, your equity or balance must not drop below $90,000 across all trading days.