Best Two-Step Challenge Prop Firms

Two-step challenges are still the most common evaluation model in prop trading. They’re designed to test both profitability and consistency across two phases before granting a funded account. While slower than one-step or instant models, two-step challenges often come with lower entry fees, balanced rules, and larger scaling opportunities once funded. For many traders, they strike the right balance between accessibility and structure.

The best two-step challenge prop firms in 2025 combine affordability with trader-friendly features like End-of-Day (EOD) drawdowns, high profit splits, and fast payouts. Forex traders often choose FundingPips for its MT4/MT5 access, while futures traders lean on firms like Blue Guardian Futures and Topstep. On this page you’ll discover the most trusted two-step challenge firms available in 2025, each proven to deliver reliable funding.

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Table of contents

FAQ – Best Two-Step Challenge Prop Firms

What are the best two-step challenge prop firms in 2025?

FundingPips, Blue Guardian Futures, and Topstep are among the leading two-step firms with fair rules and proven payouts.

How does a two-step challenge work?

You pass Phase 1 by hitting a profit target within the rules, then confirm consistency in Phase 2. Once complete, you move to a funded account.

Are two-step challenges harder than one-step?

Not necessarily. They require more time, but each phase usually has lower targets, making them manageable for disciplined traders.

Which firms have affordable two-step challenges?

FundingPips is well-known for low-cost entry fees compared to many other forex-focused firms.

Do futures firms also run two-step challenges?

Yes. Blue Guardian Futures and Topstep both offer two-step evaluations for CME futures traders.

Are two-step prop firms beginner-friendly?

Yes. The structured approach makes them a good fit for beginners learning discipline and consistency.

Do two-step firms offer fast payouts?

Trusted firms like FundingPips and Topstep process payouts weekly or bi-weekly without delays.

Are profit splits competitive with two-step firms?

Absolutely. Most legit two-step firms offer 90/10 splits, with some providing 100% on early withdrawals.

Which platforms can I use with two-step firms?

Forex traders typically use MT4/MT5, while futures traders use NinjaTrader, TradingView, or ProjectX depending on the firm.

Who benefits most from two-step challenges?

Traders who want a cheaper entry cost and structured evaluations, rather than rushing through one-step or instant funding models.