7 Best One-Step Evaluation Prop Firm
Discover the 7 best one-step evaluation prop firms to kickstart your trading journey and enhance your skills in the market.
In prop firm challenges, managing a funded trading account feels like a distant dream—until you stumble upon a one-step evaluation process that can change everything. Consider bypassing the stress of multi-step challenges and getting to the heart of what matters: trading efficiently with a funded account. This guide explains how you can achieve this streamlined approach, making it easier to reach your trading goals.
AquaFunded’s solution, the funded trading program, is here to help. It’s designed to make the whole process smoother so you can focus on trading without the usual hurdles.
What Is A One Step Evaluation Prop Firm
A one-step evaluation prop firm streamlines the path to trading with capital by focusing on a single evaluation stage. During this phase, traders must hit specific profit targets and follow challenge rules to qualify for a funded account. This approach is less cumbersome than multi-stage evaluations, making it more accessible for traders to kickstart their journey.
Mastering the Evaluation Process
During the evaluation, traders must showcase their strategies, stick to risk management rules, and achieve profit targets without crossing the maximum drawdown. By meeting these criteria, traders can access the firm’s capital and pursue substantial profit shares. The evaluation duration varies by firm but is generally designed to be efficient, allowing traders to prove their skills promptly.
Streamlined Pathway to Trading Capital
One-step evaluation prop firms offer a quick and efficient route for traders to secure funding and begin trading with the firm’s resources. Here’s how the process typically unfolds:
Kickoff: Registration and Fee Payment
To participate in the evaluation, traders register with the firm and pay a fee, which can vary depending on the firm and the evaluated account size.
Demonstrate Skills: The Evaluation Period
After registration, traders are given a set time to prove their trading skills using a demo account, usually a few days to weeks. During this period, they must adhere to specific guidelines set by the firm.
Play by the Rules: Trading Guidelines
Traders receive a list of objectives and rules to follow during the evaluation. These include profit targets, drawdown limits, and risk management protocols. Traders must show they can meet these goals and trade within the set parameters.
Meet the Criteria: Evaluation Metrics
The firm assesses the trader’s performance based on various factors. Achieving profit targets, employing effective money management, and maintaining consistent performance is critical to passing the evaluation.
Secure the Bag: Funding Offer
If successful, the trader receives a funding offer from the firm. The amount usually aligns with their performance during the evaluation, considering profitability, risk management, and overall skills. Offers can range from a few thousand dollars to much more significant sums.
Manage the Money: Trading with Funding
Once funded, traders must follow guidelines set by the firm. These include limits on position sizes, specific risk management rules, and other trading parameters. In return for the funding, the firm typically keeps a portion of the trader’s profits, usually between 20% and 50%, depending on the firm’s policies and the funding amount.
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7 Best One-Step Evaluation Prop Firm
1. AquaFunded: Fast Payouts and High-Profit Splits
AquaFunded offers one of the most compelling one-step evaluation programs for traders. Based in Dubai, they provide traders with access to significant capital accounts and up to 95% profit splits. The firm’s unique funding model features an easy-to-achieve 8% profit target and rapid bi-weekly payouts, with the option for a first payout in just 7 days.
2. FundedNext: Diverse Options for Funded Accounts
FundedNext offers more variety in its one-step evaluation programs than other firms. Their one-step program, the “Stellar” program, requires a 10% profit target, while their “Express” program sets a 25% profit target. Depending on the program, they offer leverage of 1:100 and drawdown limits ranging from 3% to 10%.
Pros
- Offers six account options.
- Refundable evaluation fee and 10% reset discount.
- Profit splits ranging from 60% to 90%.
Cons
- Limited asset selection.
- Specific minimum trading day requirements.
3. The 5%ers: Rapid Scaling with Instant Funding
The 5 %ers’ single-step funding solution, the Hyper Growth program, offers an innovative one-step evaluation experience. Traders receive payouts from their first profit target, and their account size doubles with each milestone achieved. There are no rigid deadlines, allowing traders to progress at their own pace.
Pros
- Instant funding options are available.
- There are multiple funding programs to choose from.
- One-time participation fee.
Cons
- Inactivity penalty if not trading for more than 14 days.
- There are no publicly available statistics on payouts or successful trader percentages.
4. Funded Trading Plus: Flexible Path to Funded Accounts
Funded Trading Plus’ One-Phase Experienced Trader Program allows traders to reach a 10% profit target with a 5% maximum daily drawdown and a 10% overall drawdown limit. There are no minimum or maximum trading days, allowing traders to complete the evaluation at their own pace.
Pros
- Profit splits up to 90%.
- There are no minimum or maximum trading days.
- Access to a wide range of trading instruments.
Cons
- Complicated drawdown rules.
- Withdrawal is affected by drawdown rules.
5. Traddoo: Streamlined Challenge for Confident Traders
Traddoo’s 1-Step Challenge provides a streamlined evaluation experience for traders confident in their ability to be consistently profitable while managing risk. The challenge requires a 14% profit target with no time limit, and traders can scale their account size through demonstrated performance over time.
Pros
- Ability to withdraw with $0 fees.
- Fast and digital account opening/verification.
- Access to TradeLocker with TradingView integration.
Cons
- The high-profit target is 14% for 1-step accounts.
- Lacks regulation and partnership with known brokers.
6. City Traders Imperium: Secure Funding with a Range of Options
City Traders Imperium (CTI) offers a one-step evaluation option as part of their overall funding programs. Traders must meet specific profit targets without breaching the set drawdown limits. CTI’s focus on secure funding and comprehensive evaluations makes it an excellent choice for traders looking to enhance their trading performance.
Pros
- Variety of financing plans with evaluation terms up to 12 months.
- One-time subscription fee for the selected tariff plan.
- MetaTrader platform for trading activity.
Cons
- Restrictions on trading strategies and styles.
- Limited asset selection compared to competitors.
7. OneUp Trader: Straightforward Path to Funding
OneUp Trader’s one-step evaluation process is designed to be straightforward and accessible for traders eager to showcase their skills. Traders are required to meet a set profit target and trade for a minimum of 10 days. The evaluation accounts are available in various sizes, starting at $25,000 and going up to $250,000.
Pros
- Access to live trading information in your feed.
- No monthly data fee vs. alternatives.
- 100% money-back guarantee if OneUp Trader cannot fulfill their funding.
Cons
- Minimum profit withdrawal of $1,000.
- Once your account is funded, you must pay for a trading platform or software.
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Benefits of One-Step Evaluation Prop Firms
1. Fast Track to Trading
One-step evaluation prop firms streamline the assessment process, letting you skip the drawn-out stages typical of multi-step evaluations. This means you’re trading live capital much quicker. You can capitalize on trading opportunities without unnecessary delays.
2. Prove Your Skills
These challenges offer a stage for you to showcase your trading prowess. If you’re a talented trader, it’s your chance to demonstrate what you can do and potentially access larger trading accounts. It’s a straightforward way to prove your capabilities.
3. Powerful Resources at Your Disposal
One-step evaluation firms often provide advanced trading platforms, robust risk management tools, and access to various markets. These resources help refine your strategies and maintain a competitive edge in the fast-paced trading world. It’s all about giving you the tools you need to succeed.
4. Risk Sharing for Mutual Success
Like traditional prop firms, one-step evaluation firms share the trading risk with you. Instead of taking the entire trading account, they claim only a portion of your profits. This risk-sharing model fosters a mutually beneficial partnership, aligning your goals with theirs.
Get Started with AquaFunded
Ready to leap? AquaFunded is a Dubai-based funded trading program offering traders access to significant capital accounts with up to 95% profit splits. With easy-to-achieve 8% profit targets and fast payouts, it's designed for traders at all levels. Start your journey with AquaFunded's funded trading program today!
Difference Between One-Step and Two-Step Evaluations
The Basics of One-Step Evaluations in Prop Firms
In the world of proprietary trading, a one-step evaluation is straightforward. Traders face a single-phase challenge to prove their skills. They must hit a profit target within a period while respecting strict risk and drawdown limits. If they succeed, they quickly receive funding. But be careful: there's no margin for error. One misstep can mean starting over.
Why Two-Step Evaluations Offer a Different Experience
Two-step evaluations are more complex but offer a different type of experience. Traders must navigate two distinct phases. The first phase resembles the one-step model, with profit and risk targets. Once cleared, the second phase often has adjusted targets and risk parameters. A more forgiving approach allows traders to recover from small losses. This method emphasizes consistency and risk management over time.
The Time Factor: How Quickly Can You Get Funded?
One-step evaluations offer a faster route to funding. There's only one phase to complete so successful traders can access capital quickly. In contrast, two-step evaluations take longer. The process is more drawn out, requiring traders to prove themselves in two stages. This can delay funding and give traders more time to demonstrate their abilities.
Risk vs. Reward: The Stakes in One-Step Evaluations
While one-step evaluations offer quick funding, they come with higher risks. There's no room for error—traders must meet all criteria in a single phase. This can be challenging, as one mistake can mean starting over. In contrast, two-step evaluations allow for some missteps. Traders can make small mistakes in the first phase and recover in the second. This makes the process less stressful and more forgiving.
Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.
AquaFunded is shaking things up in the prop trading scene. Based in Dubai, it offers a pathway for traders to handle large capital accounts easily. Their one-step evaluation is a game-changer, with an achievable 8% profit target that makes it feel almost too good to be true. What sets AquaFunded apart is its generous profit splits that can hit up to 95%. This isn't just about money; it's about trust and opportunity. Consider getting your first payout after seven days and then enjoying bi-weekly profits. AquaFunded gives you the freedom to trade without risking your capital, all with the backing of a UAE-based firm.
Breaking Down the One-Step Evaluation Process
The one-step evaluation isn't just a selling point; it's the heart of AquaFunded's model. Unlike traditional prop firms that put traders through the wringer, AquaFunded simplifies things. Reach that 8% profit target, and you're in. There are no endless hoops to jump through, no stress of multiple evaluation phases. This straightforward approach is what makes AquaFunded appealing. There's a real focus on making trading less daunting, especially for those new to the game. AquaFunded's quick evaluations mean traders can start seeing actual results fast.
AquaFunded's Unique Payout Structure
One of AquaFunded's standout features is its payout structure. Traders can enjoy bi-weekly payouts, with the option for an initial payout in just seven days. This speed is rare in prop trading, where waiting weeks or months is the norm. The firm offers up to 95% profit splits, allowing traders to keep the lion's share of their earnings. This setup means traders can see the fruits of their labor much sooner, which can be a massive morale boost.
AquaFunded: Catering to All Experience Levels
AquaFunded is designed for traders of all experience levels. Whether you're a beginner looking to dip your toes into the trading waters or someone with a few years under your belt, AquaFunded has something to offer. The firm's reduced-risk approach makes it an excellent choice for those who want to trade without putting their capital on the line—aquaFunded aims to provide a supportive environment where traders can learn, grow, and profit.
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