One-step challenge prop firms are gaining popularity among traders looking for a faster route to funded accounts. Unlike traditional two-step evaluations, one-step challenges allow traders to prove their skills in a single phase, making it easier and quicker to access capital. This article explores the best prop firms offering one-step challenge accounts and how they benefit traders seeking rapid scaling.
What Are One-Step Challenge Prop Firms?
Definition and Purpose
One-step challenge prop firms require traders to meet specific profit targets within a single evaluation phase. Once traders achieve the target, they receive a funded account without needing a second verification phase. These firms cater to experienced traders looking for quick access to proprietary capital.
Key Differences from Two-Step Challenges
- Faster Funding: One-step challenges eliminate the need for a second evaluation stage.
- Simplified Rules: Traders only need to meet a single set of criteria.
- Reduced Psychological Pressure: Fewer steps mean less stress and a clearer path to funding.
Benefits of Choosing a One-Step Challenge Prop Firm
1. Quick Access to Capital
Since traders only need to complete one challenge phase, they can access funded accounts much faster than with traditional two-step models.
2. Lower Overall Costs
Some firms charge lower entry fees for one-step challenges compared to two-step models, making them more cost-effective.
3. Greater Flexibility in Trading Strategies
Many one-step prop firms allow traders to use different trading styles, including scalping, swing trading, and news trading, without strict restrictions.
4. Higher Profit Splits
One-step challenge firms often offer profit splits ranging from 70% to 90%, providing traders with greater earnings potential.
Best Prop Firms Offering One-Step Challenge Accounts
1. FTMO One-Step Program
- Key Features: High profit splits, no time constraints, and a straightforward evaluation.
- Minimum Requirements: Achieve a set profit target while maintaining risk management rules.
- Payout Structure: 80% profit split with bi-weekly withdrawals.
2. My Forex Funds One-Step Challenge
- Key Features: Allows use of Expert Advisors (EAs) and high-frequency trading.
- Minimum Requirements: Maintain a consistent risk strategy while reaching the profit target.
- Payout Structure: Up to 85% profit share with scaling opportunities.
3. The Funded Trader Express Challenge
- Key Features: Quick verification, no minimum trading days, and flexible leverage options.
- Minimum Requirements: Meet the profit target in a single phase with disciplined risk management.
- Payout Structure: 75%-90% profit split with instant scaling options.
4. True Forex Funds One-Step Evaluation
- Key Features: No hidden fees, rapid funding process, and flexible trading strategies.
- Minimum Requirements: Achieve the required profit without excessive drawdowns.
- Payout Structure: 80% profit split with monthly payouts.
5. E8 Funding One-Step Challenge
- Key Features: Low entry fees, high leverage, and instant payouts.
- Minimum Requirements: Reach a profit milestone with controlled risk.
- Payout Structure: Up to 90% profit split with immediate withdrawals.
How to Succeed in a One-Step Challenge Prop Firm
1. Develop a Strong Trading Strategy
To pass a one-step challenge, traders should have a well-tested strategy that aligns with risk management rules.
2. Maintain Proper Risk Management
Avoid excessive drawdowns by setting stop-losses and using position sizing techniques.
3. Focus on Consistency
Consistency in profitability and risk control is key to passing a one-step challenge successfully.
4. Choose the Right Prop Firm
Select a firm that matches your trading style, preferred assets, and payout structure.
Conclusion
One-step challenge prop firms offer an excellent opportunity for traders to scale quickly and gain access to funded accounts with minimal hassle. The best firms, including FTMO, My Forex Funds, The Funded Trader, True Forex Funds, and E8 Funding, provide competitive profit splits, flexible trading conditions, and fast verification processes. By selecting the right firm and applying disciplined trading strategies, traders can maximize their success and grow their trading careers efficiently.