Prop Challenge Comparison

1 Phase | 50K
1 Step
$50K
10%
10%
5%
$239.25
$319
25% OFF
MFB25
2 Phase | 10K
2 Steps
$10K
10%
5%
100%
6%
6%
$59.25
$79
25% OFF
MFB25
Rapid | 10K
Instant
$10K
5%
100%
4%
$74.25
$99
25% OFF
MFB25
1 Phase | 5K
1 Step
$5K
10%
100%
5%
$44.25
$59
25% OFF
MFB25
1 Phase | 100K
1 Step
$100K
10%
100%
5%
$464.25
$619
25% OFF
MFB25
2 Phase | 25K
2 Steps
$25K
10%
5%
100%
6%
6%
$119.25
$159
25% OFF
MFB25
Rapid | 25K
Instant
$25K
5%
100%
4%
$141.75
$189
25% OFF
MFB25
1 Phase | 10K
1 Step
$10K
10%
100%
5%
$66.75
$89
25% OFF
MFB25
1 Phase | 200K
1 Step
$200K
10%
100%
5%
$906.75
$1209
25% OFF
MFB25
2 Phase | 100K
2 Steps
$100K
10%
5%
100%
6%
6%
$216.75
$289
25% OFF
MFB25
Rapid | 50K
Instant
$50K
5%
100%
4%
$246.75
$329
25% OFF
MFB25
1 Phase | 25K
1 Step
$25K
10%
100%
5%
$134.25
$179
25% OFF
MFB25
2 Phase | 5K
2 Steps
$5K
10%
5%
100%
6%
6%
$36.75
$49
25% OFF
MFB25
2 Phase | 200K
2 Steps
$200K
10%
5%
100%
6%
6%
$809.25
$1079
25% OFF
MFB25
Rapid | 100K
Instant
$100K
5%
100%
4%
$411.75
$549
25% OFF
MFB25

What Is a Prop Trading Challenge?

A prop trading challenge is an evaluation process used by proprietary trading firms that traders must pass to qualify for a funded trading account. Instead of a traditional hiring process, firms set up simulated accounts with specific rules (such as profit targets and drawdown limits) to see how well you perform. If you pass the challenge, you get funded with real capital and can start earning a share of the profits.

Why Compare Prop Trading Challenges?

Each prop firm designs its challenge differently. Some require high profit targets, others have tight drawdown rules, and some offer instant funding options. Comparing these features helps you avoid surprises and ensures that you choose a challenge that fits your trading style, risk tolerance, and timeline.
For example, a short-term trader might prefer a firm with no minimum trading days, while a long-term trader may need flexible timeframes. Comparing challenges upfront helps save time, money, and effort.

Are All Prop Challenges the Same?

Not at all. Some firms offer easier-to-pass challenges with looser rules, while others focus on discipline and long-term performance. There are also differences in account sizes, profit share percentages, and evaluation structures.
Even two challenges with the same profit target might have different risk rules, which can make one significantly harder than the other.

What Happens If I Fail a Challenge?

If you fail a challenge by violating a rule (like exceeding the drawdown limit), you typically lose your evaluation account. Some firms let you reset the challenge for a fee, while others offer a discount on your next attempt.
It’s important to understand a firm's reset policy before starting, especially if you're still refining your strategy.

Can I Take Multiple Challenges from Different Firms?

Yes, many traders choose to take on several challenges at once from different firms. This spreads out risk and increases your chances of getting funded, especially if one challenge is more favorable to your style.
However, managing multiple challenges at once requires strict focus and organization. Be sure not to overextend yourself or break any firm’s rules. It's also wise to read the terms closely, especially if you’re using similar strategies across accounts.

Are All Challenges Refundable?

Not always. Some firms refund the challenge fee once you pass the evaluation and begin trading a funded account, while others do not. It’s important to check the terms before signing up. Refund policies can also vary depending on how long it takes you to pass the challenge or whether you violate any rules.