Top 14 One Step Evaluation Prop Firms; Single Phase Challenge (2024)

One Step Evaluation Prop Firms is the type of proprietary trading firms that offer a 1 step evaluation process for traders who wish to get access to faster funding. This evaluation process typically involves trading a simulated account with specific rules and risk parameters. The trader can advance to the funded account if they meet the profit targets and risk management requirements without breaches.

Traders just need to pass a one step evaluation in other to get funding, which makes the process faster and more efficient than other evaluation models. The good news is that Funded Trading Plus allow traders to get fundedimmediately after passing a single phase challenge, make a profit, and get a payout within 24 hours. You also get 10% off by using the discount code PTP10 during the checkout.

Trading with one step evaluation prop firms is best for more experienced traders who understand risk management very well, the reason is that it comes with a tighter drawdown and other slightly tough trading rules when compared to two phase challenge., On the other hand, single phase prop challenge offers a more straightforward and efficient way to get access to funding faster.

What Is One Phase Challenge Prop Firms

One phase challenge prop firms trading offer a single streamlined evaluation process for traders who are looking for faster ways to get funding. The evaluation process is designed to assess a trader’s skills, discipline, and risk management abilities so they can start trading a prop firm funded account.

Compared to prop firms with a two-step evaluation process, one phase challenge prop firms offer a less prolonged process. Neither does it give traders the type of pressure that comes with an instant funding prop firm. Instead, traders can take their time to demonstrate their trading skills and pass the evaluation process to become funded traders.

During the one step evaluation process, traders are typically given a set of rules and objectives to follow. These rules and goals can vary from top firm to prop firm. But they generally involve hitting a profit target, not exceeding the daily/ maximum drawdowns while adhering to strict risk management guidelines.

The One Step Evaluation Prop Firms offer different evaluation periods, such as 30 days, 60 days to no time limit period. This is to allow traders ample time to pass the challenge. Profit splits for these evaluation processes can vary, but typically range from 50% to 90% of profit split.

Interestingly, one step evaluation prop firms can be a great way to start a prop trading career since the account doesn’t come with a lengthy evaluation period. Traders need to manage their accounts by observing the trading time limits as well as following the rules and hitting the profit target, so they can become funded traders and start trading and making a profit.

While there are many prop firms in the market that offer one phase challenge. Prop Traders who have an interest in taking one-step challenge prop firm programs should compare different firms to find the best fit for their trading style and goals. It is important to review the rules and risk parameters of each evaluation process to ensure that they align with the trader’s trading strategy and risk tolerance.

2 Phase Challenge vs 1 Phase Challenge Prop Firms

Proprietary trading firms often use evaluation challenges to identify potential good traders. These challenges typically involve traders trading on a demo account with a specific account size for a set number of trading days. The main difference between 2 phase challenge and 1 phase challenge prop firms is the number of phases in the challenge evaluation process.

One step challenge prop firms

The one step evaluation also known as 1 phase challenge prop firms, requires traders to pass only one evaluation phase to receive funding.

One step evaluation prop firms are attractive to experienced traders because they offer a faster and more straightforward evaluation process. Traders only need to pass one evaluation phase to receive funding, which means they can start trading with real money sooner.

Two Step Evaluation Prop Firms

The Two-step evaluation prop firms, also known as 2 phase challenge prop firms, require traders to pass two evaluation phases to receive funding. The two step evaluation prop firms have their advantages.

They tend to have stricter evaluation criteria and lengthy evaluation time, which means that traders who pass both phases are more likely to succeed in the funded trader program. Additionally, two-step evaluation prop firms often offer lower subscription fees and better profit splits.

Whether a trader chooses a two step or one step evaluation prop firms depends on their preferences and trading goals. 1 step evaluation prop firms offer a faster and more straightforward evaluation process, while two step evaluation prop firms offer a prolonged evaluation process and better funding options.

Top 14 One Step Evaluation Prop Firms

One of the faster ways to get funded with a proprietary trading firm and start making a profit as soon as possible is through a one step evaluation program. In this type of program, traders are given a set of trading rules to observe once and a profit target to hit within a specific time frame. If they are successful, they can become funded traders and start trading with the firm’s capital.

But the challenge lies in finding a list of reputable prop firms that offer one step challenge prop firm programs, since there are many of them out there. The goal is not just to find one phase challenge prop firms, but to find the ones that are reputable with good track records and payout proofs that can be verified.

So, in this article, we present to you top 14 one step challenge prop firms, these are some of the firms we know that have good records and straightforward trading rules with no hidden charges. Kindly go through the list and choose your preferred prop firm, follow the links to sign up and start taking the challenge. You may want to read our tips on how to pass a prop firm challenge faster. We will be happy to see your comments about the successful withdrawal from your prop firm account.

It’s important to note that not all one-step evaluation prop firms are the same. Some have more strict evaluation criteria than others, and some offer lower funding amounts and profit splits. Therefore, you need to carefully compare different two step and one-step evaluation prop firms’ plans and choose the best for yourself.

List of 14 One Step Evaluation Prop Firms

Here we go with the full list of top 14 prop firms that offer one phase evaluation accounts.

1. Funded Trading Plus

Funded Trading Plus single phase evaluation starts at $12,500 simulated account for a refundable fee of $119, to account of $200,000 simulated account for a fee of $999. You get 10% off by using the coupon code: PTP10. Funded Trading Plus is one of the biggest prop firms in the industry, offering multiple trading programs with superior platforms and fast payouts.

2. InstantFunding

InstantFunding one phase challenge accounts start with a minimum balance of $12,500 for a fee of $99 and go up to as high as $200,000 for a fee of $925. With no minimum or maximum trading days, daily and overall drawdown of 3%/ 10% as well as an 80% profit split. InstantFunding has amazing offers and incentives for traders which makes it stand out as one of the traders’ choicest prop firms.

With the discount code: HelpingHand traders can purchase any challenge account at 10% off and get a $12,500 one phase evaluation account for free. Amazing right?

Update: The above offer of a free $12,5000 account promotion ended on the 18th of September. However, you can still get an extra 10% off fees by applying the discount code: INSTANT10
Good luck!

4. Maven Trading

Maven Trading is offering one of the low-cost one step evaluation accounts that starts at $5,000 for a fee of $55. Not only that, traders can save an extra 10% off by using the coupon code: SEPTEMBER at checkout. Maven Trading has other cost-effective virtual account sizes from $10,000 for $95 to $500,000 for a fee of 2,995. There is no time limit and you are allowed to trade News and use Expert Advisors.

5. FTUK

FTUK is a leading one step challenge prop firm with an account starting from $14,000 for a one time fee of $149 which can be scaled up to $896,000. FTUK one step account sizes go up to $90,000 for a fee of $599 and scaling plans up to $5,760,000. The program has trading rules such as an 8% fixed absolute drawdown and a profit target of 10%.

Additionally, FTUK has an ongoing discount that provides 20% off the evaluation fee with FTUK discount code: FTUK20

8. FXIFY

FXIFY one phase assessment starts with a $15,000 account at the cost of $99. This is yet another innovative prop firm that allows traders to customize their accounts to suit their trading style. Aside from the $15,000 account, they have other account sizes such as $25,000 for a refundable fee of $175 and up to $400,000 accounts for a fee of $1,999. Traders can also save an extra 20% off the cost with a discount code:SOCIAL20 at checkout.

11. MDP Funding

MDP Funding program has one step challenge for both No HFT and HFT support. The No HFT account size starts at $5,000 account for a fee of $49 to a balance of $200,000 for a $949 fee. While the HFT supported account from $5,000 to $200,000 goes for a fee of $99 to $1,819 respectively. MDP Funding is known for full support for EAs trading, allowing traders who wish to employ the services of expert advisors to pass their accounts without restrictions.

12. OneUp Trader

OneUp Trader offers 1-step evaluation accounts starting from a $25,000 balance for a monthly cost of $125 and up to $250,000 for a monthly fee of $650. With OneUp Trader evaluation subscription, you won’t only gain access to an evaluation account. Still, you will also be given access to a NinjaTrader license for free and Level2 Market data, plus up to 100% profit split.

13. Surge Trader

Surge Trader offers a whole different 1 step audition with a starter plan of $25,000 account going for a fee of $250 and up to Master audition account size of $1,000,000 for a fee of $6,500. All a trader needs is to simply go to the registration page, choose an account type, and customize the account according to their choice like using double leverage, no stop loss requirement, and 90% profit split. Make payment for the audition to gain access to a trading account.

They will have to observe a maximum daily drawdown of 5% and an overall drawdown of 8% and share a profit split of 90%. Meanwhile, Surge Trader is currently running a 20% off on all its fees to mark their 2 year anniversary.

14. Bespoke Funding

Bespoke Funding Program Classic 1 phase challenge starts from an account size of $10,000 for $129 to an account size of $400,000 for a one time refundable fee of $1,879. The program offers no trading time limit, auto close of all open positions on hitting targets, and a scaling plan.

In summary, each prop firm has different rules and requirements for their one step evaluation challenge. Some of the one step evaluation prop firms require traders to hit a certain profit target within 30 days, while others have more flexible rules. They also offer different account sizes and subscription fees.

You will find more information on the prop firms’ websites, read their rules and requirements, and decide before applying. You should also consider the proprietory firm’s reputation, customer support, and other factors that may impact your trading experience. See this post on how to know a legitimate prop firm.

Conclusion