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Classic (2-Step) Challenge FAQs

What are the rules for Classic (2-Step) account?

Estimated reading: 2 minutes

Classic (2-Step) accounts have program-specific risk metrics that determine how the account is managed and when payouts are allowed. This page outlines only the metrics that are unique to this program.

All general trading rules (such as prohibited strategies, copy trading rules, EA rules, IP/device policies, and account conduct) apply equally across all thePropTrade programs and are covered separately in Trading Rules section.

1. Maximum Drawdown (8% Static)

Classic accounts have a 8% static drawdown. The Static Maximum Drawdown is fixed at a level that does not change during the lifetime of the account and is calculated as a percentage of your starting balance.

👉 See full explanation How is the Static Maximum Drawdown calculated on Classic (2-Step) account?

2. Maximum Daily Loss Limit (4%)

Traders must not lose more than 4% of the previous day’s end-of-day balance within a single trading day.

👉 See full explanation How is Maximum Daily drawdown calculated?

3. Maximum Risk per Trade Idea (3%)

You may not risk 3% or more of your starting or scaled balance on a single Trade Idea.

👉 See full explanation What is a Trade Idea?

4. Overexposure Rule (70%)

You must not use 70% or more of your available margin across all open positions at any time.

👉 See full explanation What is the Overexposure Rule?

5. News Trading Restrictions

To ensure fair execution and protect traders from extreme volatility, news trading restrictions apply.

👉 See full explanation Is news trading allowed at thePropTrade?

6. Equity Protection (3%)

If floating drawdown reaches 3% of the starting balance, all open trades are automatically closed.

Up to two soft breaches allowed. The third soft breach becomes a hard breach and results in account closure

👉 See full explanation What is Equity Protector?


General Trading Rules Apply to All Programs

In addition to the metrics above, all Instant Funding traders must comply with the general thePropTrade trading rules, including but not limited to:

  • Prohibited trading strategies
  • Copy trading restrictions
  • EA and automation rules
  • IP and device usage policies
  • Account ownership and conduct requirements

👉 View the full Trading Rules here

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