$200,000 is the top 2-Step size. Same two-phase structure and trailing drawdown as the rest of the line, the most capital Classic 2-Step offers.
Key Facts
- Phase 1 target: $10,000 (5%). Phase 2 target: $20,000 total (10% from the original balance)
- Daily loss limit: 5% of your start-of-day balance, recalculated every day at 00:00 UTC
- Max drawdown: 8%, trailing your high-water mark, starts at a $184,000 equity limit
- No consistency rule, no minimum trading days, no time limit on either phase
- Two steps. Pass both and you’re funded at the same $200,000 size
Classic 2-Step $200,000
2-Step Evaluation, On-Demand Payouts
Step 1: Phase 1
Trailing Drawdown | Min none days
📊 Step Consistency
none
📋 Additional Rules
Drawdown trails your high-water mark upward, never downward, and stops trailing once it reaches the starting balance. Daily loss limit recalculates daily at 00:00 UTC. Passing Phase 1 auto-advances to Phase 2, balance carries over.
Step 2: Phase 2
Trailing Drawdown | Min none days
📊 Step Consistency
none
📋 Additional Rules
Same trailing drawdown and daily loss rules as Phase 1. Reaching 10% total growth from the original starting balance passes the evaluation.
Step 3: Funded
Trailing Drawdown | Min none days
📊 Step Consistency
none
📋 Additional Rules
No profit target. Same 5% daily loss and 8% trailing drawdown rules carry over. A payout sweeps profit above starting balance and resets balance and HWM to the starting balance.
Things to Remember
- The trailing drawdown rises with your highest-ever equity (including floating P&L on open positions) but never falls back down, and it stops trailing once the limit reaches your starting balance.
- Passing Phase 1 auto-advances you to Phase 2, your balance carries over, there’s no separate purchase.
- Both limits are equity-based. Even a momentary touch triggers a breach, there’s no grace period.
- Aggregate funded balance across all your Propr accounts is capped at $300,000, so $200K leaves limited room to combine with other accounts.
- Opposite hedging across your own Propr accounts, or hedging against external CEX/DEX accounts, counts as prohibited anti-farming conduct.
- KYC is required before your funded account activates, not before you start the evaluation.
- On the Funded Account there’s no profit target, you keep 80% of profits, on-demand payouts in USDC, $20 minimum, within 24 hours. A payout sweeps all profit above starting balance and resets your balance, high-water mark, and drawdown limit.
FAQ
- How is 2-Step different from the 1-Step models?
- Two phases instead of one, a trailing drawdown instead of static, and a looser 5% daily loss limit instead of 3%. The total growth required to reach funding, 10%, matches Classic 1-Step’s target, just split across two phases.
- Do I need to pass Phase 1 and Phase 2 in separate purchases?
- No, one evaluation fee covers both phases. Passing Phase 1 advances you automatically.
- Can I combine this with another Propr account?
- Only up to $100,000 more, the aggregate funded balance cap across all your accounts is $300,000.
Want the full picture on Propr? See the Propr Overview for every model and size, and how this one compares.
