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2-Step Challenge: Two Phases to Funding
Pass two evaluation phases with the Standard or Rapid challenge and trade a Simulated Funded Account of up to $200,000 with up to a 90% profit split.
Join the Arena
Backed by Errante. Get 20% off with code PASS20.
In short: A 2-step challenge funds you after two evaluation phases. NextGen Funding’s Standard (10% then 5% targets, 10% max drawdown) and Rapid (8% then 5% targets, 8% max drawdown) challenges cover accounts up to $200,000 with up to a 90% profit split. NextGen Funding is backed by the multi regulated broker Errante.
A 2-step challenge spreads your evaluation across two phases so you can prove consistency. NextGen Funding offers two options: Standard with a 10% then 5% target and a 10% max drawdown, and Rapid with an 8% then 5% target and an 8% max drawdown.
Both run on MetaTrader 5 in a simulated environment with real market quotes, backed by the multi regulated broker Errante. Standard allows news trading and a 3 day minimum; Rapid has no minimum days. Once you pass, you keep up to 90% of your profit.
- $200KMax account size
- 90%Profit split up to
- 24-48hPayout processing
- ∞Unlimited days
Why choose a 2-step challenge
Two Phases
Prove consistency across two phases before you claim your funded account.
Up to 10% Drawdown
Standard uses a 10% static drawdown; Rapid uses 8%, balance based, never trailing.
News Trading (Standard)
The Standard challenge allows news trading in both phases.
Unlimited Days
No time limit. Standard needs a 3 day minimum; Rapid has none.
Up to 90% Profit Split
Keep up to 90% of your profit on your Simulated Funded Account.
Refundable Fee
Your evaluation fee is fully refunded with your first payout.
How the 2-step challenge works
Choose Your Challenge
Pick your prop firm challenge, Standard, Rapid, or Ace, and a size from $5,000 to $200,000. Apply code PASS20 for 20% off.
Pass
Clear your evaluation within the drawdown rules. Standard and Rapid are two phase; Ace is a single phase.
Verify
Complete a quick KYC verification when you claim your simulated funded account.
Trade & Earn
Trade your Simulated Funded Account, keep up to 90% of the profit, then grow through the scaling plan up to $1,000,000.
2-step challenge sizes and conditions
| Account Size | Challenge | Profit Target (P1/P2) | Max Drawdown | Profit Split | Fee (PASS20) |
|---|---|---|---|---|---|
| $5,000 | Standard / Rapid | 10% / 5%, 8% / 5% | 10%, 8% | Up to 90% | $41 |
| $10,000 | Standard / Rapid | 10% / 5%, 8% / 5% | 10%, 8% | Up to 90% | $90 |
| $25,000 | Standard / Rapid | 10% / 5%, 8% / 5% | 10%, 8% | Up to 90% | $179 |
| $50,000 | Standard / Rapid | 10% / 5%, 8% / 5% | 10%, 8% | Up to 90% | $329 |
| $100,000 | Standard / Rapid | 10% / 5%, 8% / 5% | 10%, 8% | Up to 90% | $529 |
| $200,000 | Standard / Rapid | 10% / 5%, 8% / 5% | 10%, 8% | Up to 90% | $1,069 |
Both 2-step challenges share the same fee per size. Standard uses a 10% then 5% target with a 10% max drawdown and a 3 day minimum; Rapid uses an 8% then 5% target with an 8% max drawdown and no minimum trading days. The evaluation fee is fully refundable and returned with your first payout.
Frequently asked questions
What is a 2-step challenge?
A 2-step challenge is a two-phase evaluation: you pass Phase 1 and Phase 2, then trade a Simulated Funded Account funded from $5,000 up to $200,000 in a live market environment, keeping up to 90% of the profit you generate, without risking your own money beyond a refundable evaluation fee. At NextGen Funding, the Standard and Rapid challenges are the 2-step options.
How do I get a 2-step challenge with NextGen Funding?
You choose the Standard or Rapid challenge and complete both phases of its evaluation. Once you pass Phase 1 and Phase 2, you receive your Simulated Funded Account. You are never funded instantly; the evaluation comes first.
Standard or Rapid: which 2-step challenge should I choose?
Both are two-phase evaluations. Standard uses a 10% max drawdown with a minimum of 3 trading days and allows news trading, while Rapid uses an 8% max drawdown with no minimum trading days. Each has its own fee, and both are simulated demo accounts traded in a live market environment.
Is a 2-step challenge a demo or a real account?
All accounts, including challenges and funded accounts, are simulated demo accounts traded in a live market environment with real prices and execution. The payouts you earn are real, based on your simulated performance, with a profit split up to 90%.
How much does a 2-step challenge cost?
You pay a one time evaluation fee to enter your chosen challenge. It is fully refundable, reimbursed with your first payout once you become funded.
What trading platform does NextGen Funding use?
NextGen Funding runs on MetaTrader 5 (MT5), which we license directly. Trading on MT5 is one of the advantages of NextGen Funding, the prop firm backed by Errante.
Is NextGen Funding a legit prop firm?
NextGen Funding is backed by Errante, a globally trusted multi regulated broker, and provides simulated trading accounts and educational tools in a live market environment with real payouts.
How fast are payouts on a 2-step challenge?
Payout requests are processed within 24 to 48 hours of submission, which is among the fastest in the prop trading industry.
Ready for a 2-step challenge?
Register, choose Standard or Rapid, and join the Arena. Apply code PASS20 for 20% off.
All accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.
Please note that all accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.
For more information, please feel free to visit our FAQ section.