Challenges
One-Phase puts you on a funded simulated account from day one — no evaluation — with profit targets that gate payouts, at a higher entry price. Two-Phase costs less but requires passing an evaluation first; after KYC and the Trader Agreement, your funded account is issued at no additional charge and earns milestone payouts.
Updated
Both formats end in the same place — a funded simulated account that pays out 5 times and then closes — but they get there differently.
One-Phase: funded from day one
There is no evaluation phase. The moment your account is provisioned, you are trading the funded account. The published profit targets are not a test you pass — they determine when you qualify for each payout. Hit the first target (plus the winning-day and consistency requirements) and you can take your first payout; keep going for up to 5 payouts total.
- Entry: $440 / $600 / $725 list price for the $50K / $100K / $150K tiers (current promotions may reduce this at checkout).
- Larger early payouts — payouts 1–4 are $1,500 / $2,000 / $3,000 by tier, versus Two-Phase's smaller first milestones. Lifetime caps are $9,000 / $13,000 / $19,000 (Two-Phase: $6,500 / $13,000 / $20,500).
Two-Phase: evaluation, then funded
You start in an evaluation phase with a profit target, a max-loss rule, a consistency rule, and a 3-trading-day minimum. There is no time limit on the eval. When you pass, you complete identity verification (KYC) and sign the Trader Agreement with Prop Account LC, and your funded account launches at no additional charge — activation is always free. The funded account pays out across 5 milestones before closing.
- Entry: $165 / $265 / $400 list price for the $50K / $100K / $150K tiers (same promotion behavior).
- Lower cost of entry; the milestone schedule starts smaller ($500 / $1,000 / $2,500 for milestone 1 by tier) and ramps up toward a larger final cap.
How to choose
- Pick One-Phase if you want immediate access to a funded account and larger early payouts, and you're comfortable paying more up front.
- Pick Two-Phase if you want the lowest-cost path and don't mind proving yourself in an eval first.
Both formats share the same account sizes, position limits, symbol list, drawdown mechanics, 90/10 payout split, and unlimited-reset policy.
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- Are challenges real money or simulated?Challenge accounts use simulated (virtual) funds against real-time market data — none of your capital is at risk beyond the fees you pay. The payouts, however, are real cash: you keep 90% of every payout, issued by Prop Account, LLC and disbursed via Rise, typically within 24–48 hours of request.
- Can I run multiple challenges at once?Yes — you can hold up to $1,000,000 in combined active simulated accounts at a time, in any mix of formats and tiers (roughly 20 × $50K accounts). Purchases above the limit wait on hold and activate when a slot opens. One user profile per person.
- Challenge payout amountsEvery challenge account pays out exactly 5 times, then closes. One-Phase pays $1,500–$3,000 per payout by tier with lifetime caps of $9,000–$19,000. Two-Phase milestones range from $500 to a $9,000 final cap with lifetime caps of $6,500–$20,500. You keep 90% of every payout.
- Challenge resets: how they workChallenge resets are unlimited and cost the same as your tier's entry fee. Each reset is a brand-new account with a new account ID — the old account stays closed. Two-Phase resets always start back in the evaluation phase.
- Challenge vs. Trade League: what's the difference?Challenges are individual funded-account products with no timer and published payout amounts — payouts 1–4 are fixed dollar amounts and the 5th pays up to a published cap. Trade League is a monthly ranked tournament where everyone trades an identical $50,000 account and the top 10% of paid entries share a revenue-share pool.