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2 STEP MODELS
Updated this week

The 2-Step Challenge is designed to test and refine your trading skills in two phases. Successfully completing both phases without violating any trading rules will qualify you for a funded account. We offer a 2-Step Standard and a 2-Step Pro Model.


2-Step Standard

Overview of All Steps

Step 1 Trading Objectives:

  • Achieve a 8% profit target on Step 1 without breaking any rules or trading parameters.

  • Adhere to the trading rules and loss limits

  • Complete a minimum of 3 trading days to pass the evaluation

Upon successfully passing, you will automatically proceed to the next step.

Step 2 Trading Objectives:

  • Achieve a 5% profit target on Step 2 without breaking any rules or trading parameters.

  • Adhere to the trading rules and loss limits

  • Complete a minimum of 3 trading days to pass the evaluation

Upon successfully passing, your entire evaluation period will be reviewed. Congratulations, once the review is a success, you will be a funded Aqua Trader.


Account Violations (Hard Breach)

All 2 Step Models have static drawdown.

Hard beach are serious violations to our established rules. A hard breach happens when a trader exceeds the maximum daily loss or total drawdown limit, resulting in the immediate closure of the account. This applies during evaluation and funded.

Daily Drawdown Limit – 5%

  • What is it?
    The maximum daily loss allowed is 5% of your initial account balance.

  • How is it calculated?
    At 5 PM EST, we calculate the daily drawdown based on the higher value of either your account balance or equity. We subtract 5% of the initial account balance from this value to set the daily loss limit for the next trading day.

Examples:

  1. $100K Account with $2,000 floating profit at 5 PM EST:

    • Account equity is $102,000.

    • Daily loss limit: $102,000 - $5,000 = $97,000.

  2. $100K Account with $2,000 floating loss at 5 PM EST:

    • Account equity is $98,000, but the balance is $100,000 (higher value used).

    • Daily loss limit: $100,000 - $5,000 = $95,000.

Maximum Total Loss – 8%

  • What is it?
    The maximum total loss allowed is 8% of your initial account balance. This includes all realized and unrealized losses.

  • How is it calculated?
    If your account equity, including any floating trades, falls below 92% of the initial balance, your account will breach.

Example:

  • For a $100,000 account:

    • Maximum total loss is 8% of $100,000 = $8,000.

    • Account equity, including unrealized losses, must not fall below $92,000.


2-Step Pro

Key Benefits of the Pro Challenge

  • Higher Loss Allowance: With a 10% maximum total loss, the Pro Challenge provides more room for risk-taking compared to the standard challenge.

Overview of All Steps

Step 1 Trading Objectives:

  • Achieve a 10% profit target on Step 1 without breaking any rules or trading parameters.

  • Adhere to the trading rules and loss limits

  • Complete a minimum of 3 trading days to pass the evaluation

Upon successfully passing, you will automatically proceed to the next step.

Step 2 Trading Objectives:

  • Achieve a 5% profit target on Step 2 without breaking any rules or trading parameters.

  • Adhere to the trading rules and loss limits

  • Complete a minimum of 3 trading days to pass the evaluation

Upon successfully passing, your entire evaluation period will be reviewed. Congratulations, once the review is a success, you will be a funded Aqua Trader.


Account Violations (Hard Breach)

All 2 Step Models have static drawdown.

Hard beach are serious violations to our established rules. A hard breachhappens when a trader exceeds the maximum daily loss or total drawdown limit, resulting in the immediate closure of the account. This applies during evaluation and funded.

Daily Drawdown Limit – 5%

  • What is it?
    The daily loss limit is 5% of the initial account balance.

  • How is it calculated?
    At 5 PM EST, we calculate the daily drawdown based on the higher of your account balance or account equity. We then subtract 5% of the initial account balance from this value to determine the daily loss limit for the next trading day.

    Examples:

    1. $100K Account with $2,000 floating profit at 5 PM EST:

      • Account equity is $102,000.

      • Daily drawdown limit: $102,000 - $5,000 = $97,000.

    2. $100K Account with $2,000 floating loss at 5 PM EST:

      • Account equity is $98,000, but the balance is $100,000 (higher value used).

      • Daily drawdown limit: $100,000 - $5,000 = $95,000

Maximum Total Loss – 10%

  • What is it?
    The maximum total loss is the overall limit for how much your account can lose, including both realized and unrealized losses.

  • How is it calculated?

    • For a $100,000 account:

      • Maximum total loss: 10% of $100,000 = $10,000.

      • Account equity (including floating positions) must not fall below $90,000.


Additional Details

  • All calculations include closed trade profits/losses, unrealized/floating positions, swap fees, and commissions.

  • Important Updates:
    Please monitor our website or Discord for announcements regarding trading parameters, updates, or system changes.

  • Wave Stop applies to Funded Accounts only


Rewards

Profit Split

Traders receive a 90% profit split as standard. Example: If a trader earns a profit of $5,000 and requests a payout, they will receive $4,500 as their total payout.

Upon checkout you have the option to upgrade with an add on to:

  • 100% PROFIT SPLIT

Reward Cycle

We offer bi-weekly payouts, allowing traders to withdraw their profits every 14 days. Simply request a rewards, and your earnings will be processed accordingly.

Upon checkout you have the option to upgrade with an add on to:

  • FIRST PAYOUT IN 7 DAYS


Leverage

The account leverage is the ratio of a trader’s capital to the size of positions they can control.

- Forex 1:100

- Indices : 1:20

- Commodities : 1:20

- Crypto : 1:2

Max Leverage is applied to all phases of the Evaluation.

Consequently, we use lower leverage to protect us from unforeseen losses as a distributor of large capital on a funded account.

- Forex: 1:50

- Indices : 1:10

- Commodities : 1:10

- Crypto : 1:2

Depending on the traders risk management we increase the leverage back to its Max.

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