How does a prop firm challenge work?

A challenge is an evaluation account that uses real market prices. You pay a one-time fee, you do not deposit trading capital, and MyFundedCapital is not a broker and does not accept deposits. What you buy is the chance to show that you can grow an account while respecting fixed risk limits.

MyFundedCapital runs five programs:

• 2-Step Challenge: two phases, with targets of 8% and then 5%.
• 1-Step Challenge: one phase with a 10% target.
• Instant Funded: no evaluation. You start on a funded account with tighter limits.
• MFC Stocks: one phase on US stocks and ETFs, with a 7% target.
• Prediction Markets: one phase of YES or NO positions on event outcomes, with a 10% target.

On a $10,000 1-Step account the target is $1,000 of profit, and you need at least 3 trading days to reach it.

Every program has two loss limits that apply at the same time:

• Daily loss limit: 5% on the 1-Step and 2-Step, 3% on Instant Funded and 3% on Prediction Markets, measured from the previous day’s closing balance.
• Maximum loss: 10% on the 1-Step and 2-Step, 6% on Instant Funded and Prediction Markets, 5% on MFC Stocks.

The check runs on equity, so a loss on a position that is still open counts. Touching a floor is a hard breach and ends the account. On a $10,000 1-Step account the daily floor on day one is $9,500 and the maximum floor starts at $9,000.

MFC Stocks works a little differently: its 2% daily limit pauses trading until the next session instead of ending the account. On every program you also need to place at least one trade every 30 days.

Most challenges that fail end on a loss limit, not on a missed target, and usually the same way: a bigger trade to win back a loss, then another. Fix your risk per trade before the first order, for example 0.5% of the account, and stop for the day after two or three full losses.

Passing is not automatic. When the target is reached, the account is reviewed, you verify your identity and sign the trader agreement in your MyFundedCapital Dashboard, and then the funded account is issued.

The funded account has no profit target, but the same loss limits stay in place. A 35% consistency rule now applies as well: no single day may make up more than 35% of your total profit. It does not apply while you are still in the Challenge evaluation.

If the next step does not appear after you reach the target, check your spam folder and the Dashboard first, then contact support with the account reference and the date you completed the phase.

Payout requests open on a schedule that starts with your first funded trade:

• 1-Step: first request after 7 days, then every 7 days.
• 2-Step: first request after 14 days, then every 14 days.
• Instant Funded: first request 14 days after your first trade, then every 7 days.

The profit split starts at 80% on the 1-Step and 2-Step and can rise to 95% with a profit split add-on. On 1-Step and 2-Step accounts bought from 9 October 2026, the fee you paid comes back once with your first approved payout.