Welcome to the 2 Step Challenge:Elevate Your Trading with MyFundedFX

Still having trouble understanding how each challenge works?

We have collected all the information you are interested in in one place so that you can get to know each of them in more detail, get answers to all your questions and understand how the conditions of the challenges work through examples

All3-Step2-Step Pro2-Step1-Step
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2-Step Sim  Account

For a relaxed trading experience

A higher percentage of daily simulated drawdown, lower percentage of simulated gain target and static overall simulated drawdown allow you to feel more relax during your trading and not be afraid of missing something and making an occasional mistake. Complete the challenge in what is intended to be a comfortable mode and start managing a simulated demo account up to $300,000

2-Step Sim Account Rules

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Simulated Gain Target: Step 1
8%
Simulated gain target means that a trader reaches a simulated gain target specified in the plan of the initial demo account simulated balance in the sum of closed positions. The trading period is unlimited and the simulated gain target can be met without any time restrictions
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Simulated Gain Target: Step 2
5%
Simulated gain target means that a trader reaches a simulated gain target specified in the plan of the initial demo account simulated balance in the sum of closed positions. The trading period is unlimited and the simulated gain target can be met without any time restrictions
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Overall simulated drawdown
8%
The "account stop-loss" rule, also known as the Maximum Loss/Max Drawdown/Overall Drawdown, is an important component of our trading plans at MyFundedFX. It sets a predetermined value that represents the maximum allowable simulated loss between your initial demo account simulated balance and current simulated equity. The maximum loss rule ensures that your simulated equity does not fall below a specified value for the duration of your challenge. It is calculated by determining the fixed figure representing the difference between your demo initial account simulated balance and the current simulated equity.
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Maximum leverage
100:1
Maximum simulated leverage for Pairs with Normal 2-Step account is 100:1
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Daily Simulated Drawdown
5%
The daily simulated drawdown limit is set at 5% for all phases. It means that at any moment during the trading day (EE(S)T – Eastern European Summer Time), the decrease in simulated equity should not exceed this predetermined limit. To calculate the current daily simulated loss, you subtract the current simulated equity from the simulated balance at the start of the day using the formula: Current daily simulated loss = simulated balance at the start of the day - current simulated equity.
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Minimum Days
1 day
At MyFundedFX, we have established a minimum requirement for trading days, ensuring that traders actively participate in the market and engage in trading activities. The minimum trading days for each account type and phase is set at 1 day Please note that while the minimum trading day requirement is set at 1 day, we encourage traders to engage in consistent trading activities beyond the minimum requirement to gain valuable experience, refine their strategies, and increase their chances of meeting performance targets.
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Maximum Days
Unlimited
Unlimited trading days on all plan types and all phases

2-Step Simple Sim Account Benefits

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Easier

The simulated gain target is comparatively lower than that of a one-step challenge, and it further decreases as you progress to the second stage. Achieving this goal is more straightforward and potentially easier to attain

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More Relaxed

The daily simulated drawdown is 1% higher than in a one-step challenge, intended to provide you with a greater sense of calm during your trading day.

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Stable

In this particular challenge format, the overall drawdown remains stable and is determined by the initial simulated balance. It necessitates no intricate calculations and remains consistent throughout the entire challenge.

2-Step Trading Objectives with Examples

Choose start balance

$5k$10K$25K$50K$100K$200K$300K
Challenges$5k
Simulated Gain Target, 1st Step$400
Simulated Gain Target, 2nd Step$250
Minimum Trading Days1 day
Trading PeriodUnlimited
Max Daily Simulated Loss
$250
Overall Simulated Drawdown
$400
Available Simulated Leverage100:1
Challenge Fee
$50
Live$5k
Simulated Gain80%
Minimum days to payout14 days
Trading PeriodUnlimited
Max Daily Simulated Loss
$250
Overall Simulated Drawdown
$400
Available Simulated Leverage100:1
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Ready to dive in ? Sign up, select your desired challenge sim account and Get Funded!

Frequently Asked Questions
Can I withdraw all simulated gain or do I break the daily loss rule?
How VIP program works with 2-Step accounts?
What is Maximum Allocation per Plan?

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