Summit (2-Step) $100K
The challenge
| Phase | Profit target | Max daily loss | Max drawdown |
|---|---|---|---|
| Phase 1 | 8% | 4% | 10% Static Drawdown |
| Phase 2 | 5% | 4% | 10% Static Drawdown |
Two-step evaluation: 8% profit target in phase one, then 5% in phase two. 4% daily loss limit and 10% static drawdown in both phases. Minimum 3 trading days, no time limit. 80% profit split, rising to 90% after a 10% account gain with the first trade placed at least 90 days earlier. On-Demand Payouts at the funded stage with a 40% best-day consistency rule and a minimum profit of 1.5% of the starting balance or $25 (whichever is larger). Scales 25% of the original starting balance every 90 days, up to 100% of the original balance. News trading permitted during the challenge phase only. Weekend holding permitted during the challenge phase only. Closed after 60 days of inactivity.
Good to know
Payout rules
Minimum withdrawal is $25 on every program. The firm publishes no maximum per-payout cap, at firm level or per plan, so max_withdrawal is recorded as not published rather than inferred. Crypto withdrawals are processed in USDC on ERC-20. CONFLICT: the trading-rules page states 'direct crypto payouts only - other withdrawal and payout methods incl. bank transfers coming soon' and 'Fill88 aims to process all payout requests within 24 hours of submission', while the withdrawal FAQ lists both crypto and bank transfers as available and states 'Standard processing: Within 48 business hours', which the homepage and programs page both corroborate. The 48-business-hour figure is recorded because three pages carry it against one; the 24-hour claim is logged as a conflict.