A Challenge account is a simulated evaluation account designed to assess trading performance, discipline, and risk management before Funded Status.
A 1-Step Challenge has one evaluation stage. A 2-Step Challenge has two evaluation stages: Phase 1 and Phase 2.
To pass, you must reach the required profit target, follow the trading rules, complete required Minimum Profitable Days, close all open positions, and request progression through the Dashboard.
Related Terms: Sections 2A, 8.2, 20.3
