A single-phase evaluation where traders must hit one profit target while respecting risk rules to get funded.
A one-step (or 1-phase) challenge is the simplest evaluation format — you have one set of objectives to meet before receiving a funded account.
How It Works
- Purchase the evaluation
- Trade until you hit the profit target (typically 6–10%)
- Respect drawdown and daily loss limits
- Meet minimum trading day requirements
- Receive your funded account
Advantages
- Faster path to funding: One phase instead of two
- Simpler rules: Only one set of targets to track
- No second-phase risk: You can't fail Phase 2 if there isn't one
- Often no time limit: Many firms give unlimited time
Disadvantages
- Higher single target: Since there's only one phase, the target may be higher (8–10%)
- Tighter drawdown: Some firms compensate with stricter risk rules
- Less demonstration of consistency: Firms may impose consistency rules as a substitute for Phase 2
Popular One-Step Firms
- Apex Trader Funding (futures)
- TopStep (futures)
- The5ers (forex)
- Several newer firms adopting this model
Tips for Passing
- Don't rush to hit the target — there's usually no time limit
- Risk 0.5–1% per trade to protect your drawdown
- Focus on your edge, not the target number