4
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2 Step Challenge
The challenge
| Phase | Profit target | Max daily loss | Max drawdown |
|---|---|---|---|
| Phase 1 | 10% | 5% | 10% static |
| Phase 2 | 5% | 5% | 10% static |
Two-step evaluation with no time limit; both steps must be passed in order. No free reset is available on this program. Once funded, payout-eligible profit is capped at 5% of the account balance per 14-day cycle.
Good to know
Payout rules
No hard minimum payout is published: Funded Daily states the minimum RECOMMENDED payout amount is $100 USD because of the $10 minimum fee, but explicitly allows requests below $100, so min_withdrawal is left null rather than stated as a floor. There is no published per-payout dollar cap either; instead a 5% profit cap per 14-day cycle limits payout-eligible profit to 5% of the account balance, which differs by account size, so the firm-level max_withdrawal is left null. Payouts are not automatic: the account must be profitable, the 14-day cycle satisfied, all rules followed, internal review passed and KYC complete. Payout methods are bank transfer, card and cryptocurrency; only crypto carries the 24-hour guarantee.
Trading rules
A valid stop loss must be placed on every trade within 5 minutes of opening; a missing stop loss after that window is a soft breach and the trade's profit is deducted. Combined floating loss across all open positions must stay within 1% of the starting balance at all times on Instant Funding and Instant Funding Pro. 20 soft breaches close the account as a hard breach. A 5% profit cap per 14-day payout cycle applies to every program. VPN/VPS, lot-size consistency and prohibited-behavior articles were not needed for any field above.