Prop trading firms provide traders with the opportunity to trade with firm capital in exchange for a profit split. To ensure they select skilled traders, most firms have evaluation processes. The two most common evaluation models are the One Step Challenge in a prop firms and the 2 Step Evaluation. Understanding their differences and how they impact a trader’s success is crucial for selecting the right prop firm.

What is a One Step Challenge Prop Firm?

A One Step Challenge prop firm allows traders to qualify for a funded account after completing a single evaluation phase. Unlike traditional multi-step evaluations, this model is designed for experienced traders who can quickly demonstrate their profitability.

Key Features of One Step Challenge:

• Single evaluation phase – Traders must pass one challenge to receive funding.

• Shorter time to funding – Faster access to capital compared to multi-step models.

• Strict risk management – Firms impose daily and overall drawdown limits.

• Higher challenge fees – Due to the ease of access, challenge fees may be higher.

• Instant funding options – Some firms offer immediate funding with higher risk requirements.

What is a 2 Step Evaluation Prop Firm?

A 2 Step Evaluation prop firm requires traders to complete two phases before receiving a funded account. This model tests a trader’s consistency over a longer period.

Key Features of 2 Step Evaluation:

• Two-phase process – Traders must pass both phases with set profit targets.

• Longer evaluation period – Ensures traders can sustain profitability over time.

• Lower challenge fees – Typically more affordable than one-step challenges.

• More flexibility – Allows traders more room for drawdowns and errors.

• Preferred by long-term traders – Encourages sustainable and disciplined trading strategies.

Key Differences Between One Step Challenge and 2 Step Evaluation

Each evaluation model has its pros and cons, and traders must decide which best suits their trading style and risk tolerance.

Factor	One Step Challenge	2 Step Evaluation
Number of Phases	1	2
Time to Funding	Faster	Longer
Risk Tolerance	Strict	More flexible
Cost	Higher	Lower
Trader Suitability	Experienced, aggressive traders	Disciplined, consistent traders

Pros and Cons of One Step Challenge Prop Firms

Pros:

• Quick access to funding – Traders can get funded within days or weeks.

• Simpler evaluation – No need to pass multiple phases.

• Higher profit potential – Immediate access to larger capital.

Cons:

• Higher challenge fees – Entry costs are often higher than multi-step models.

• Strict risk rules – Daily and total drawdown limits can be more restrictive.

• Less room for mistakes – One bad trading day can lead to failure.

Pros and Cons of 2 Step Evaluation Prop Firms

Pros:

• Lower entry fees – More affordable compared to one-step challenges.

• Greater consistency testing – Helps traders develop discipline and risk management.

• More forgiving rules – Slight drawdowns don’t immediately disqualify traders.

Cons:

• Takes longer to get funded – Requires more patience and consistency.

• Higher pressure to maintain performance – Two-step models often require sustained profitability over a longer period.

• Potential for phase failures – Even if traders pass one phase, they must succeed in the second phase as well.

How to Choose the Right Model for Your Trading Success

The choice between a One Step Challenge and a 2 Step Evaluation depends on your trading style, experience level, and financial goals.

1. For Aggressive Traders

• If you are confident in your strategy and can quickly hit profit targets, a One Step Challenge may be ideal.

• These traders typically focus on scalping and high-risk strategies that generate fast profits.

2. For Consistent, Long-Term Traders

• If you prefer steady, sustainable growth, a 2 Step Evaluation is a better fit.

• This model rewards traders who apply risk management strategies and consistency over time.

3. For Traders with a Smaller Budget

• A 2 Step Evaluation offers a lower-cost entry point and better risk-adjusted returns.

• The lower challenge fees make it easier to retry if needed.

Tips for Passing Either Evaluation Successfully

Regardless of the model you choose, following these strategies will improve your chances of success:

1. Develop a Solid Trading Plan

• Define clear entry and exit points, risk-reward ratios, and stop-loss levels.

• Stick to a proven trading strategy with backtested results.

2. Manage Your Risk Effectively

• Use proper position sizing to prevent excessive drawdowns.

• Avoid overleveraging and focus on capital preservation.

3. Control Your Emotions

• Avoid revenge trading after losses.

• Maintain discipline and stick to your trading plan.

4. Use the Right Trading Platform

• Choose a platform like MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader based on your trading needs.

• Ensure you have access to advanced charting tools, fast execution, and risk management features.

Conclusion: Which Model is Best for You?

Both One Step Challenge and 2 Step Evaluation models have their place in prop firm trading. If you are looking for quick access to capital and are confident in your trading ability, a One Step Challenge prop firm is the best choice. However, if you prefer a lower-cost, long-term approach, a 2 Step Evaluation is a safer option.