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 breach 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 00:00 UTC, 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:
$100K Account with $2,000 floating profit at 00:00 UTC:
Account equity is $102,000.
Daily loss limit: $102,000 - $5,000 = $97,000.
$100K Account with $2,000 floating loss at 00:00 UTC:
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 5 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 5 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 Trailing 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 does this mean?
The maximum daily loss allowed is 5% of your initial account balance. This is calculated daily at 00:00 UTC, based on the higher value of either your account balance or account equity at that time.
How is it calculated?
At the 00:00 UTC day reset:
We check the higher of your account balance or account equity.
We subtract 5% of the initial account balance from this value to determine your daily drawdown limit for the next trading day.
Examples (Based on a $100,000 Account):
$100K Account with $2,000 floating profit at 00:00 UTC:
Account equity = $102,000
Daily loss limit = $102,000 - $5,000 = $97,000
$100K Account with $2,000 floating loss at 00:00 UTC:
Account equity = $98,000, but balance = $100,000 (higher value is used)
Daily loss limit = $100,000 - $5,000 = $95,000
No open trades at 00:00 UTC:
Daily drawdown is calculated as 5% of the closed balance.
If your balance is $101,000, your limit = $101,000 - $5,000 = $96,000
Maximum Total Loss – 10%
What is it?
A 10% trailing drawdown means your account equity must not fall more than 10% below your current balance, and this limit adjusts both upward and downward with your balance. It includes both realized and unrealised losses and is recalculated as your account value changes.
How is it calculated?
For a $100,000 account:
The trailing drawdown limit is always 10% below your current balance (or equity, depending on how it's defined by your platform).
As your balance increases, the drawdown limit moves up.
If your balance decreases, the drawdown limit also moves down to stay 10% below the new balance.
Examples:
Account reaches $105,000:
Trailing drawdown limit = $105,000 − 10% = $94,500Account then drops to $103,000:
New trailing drawdown limit = $103,000 − 10% = $92,700Account then rises to $108,000:
New trailing drawdown limit = $108,000 − 10% = $97,200
Your account equity must always stay above this 10% trailing limit, which moves with your balance both up and down.
Consistency Rule ( 2 Step Pro Only)
What is it?
The consistency rule ensures steady profits over time. It states that one trading day cannot account for 25% or more of your total profits during a payout period.
Example:
If you make $1,500 in one trading day, your total profits must reach at least $6,000 to be eligible to request a payout. You cannot request a payout until the highest profit day falls below 25% of the total profits for the period.
What Happens if I Violate the 25% Rule?
Will my account be terminated?
No, violating the 25% rule will not result in account termination. However, you will be unable to request a payout until your highest profit trading day is below 25% of your total profits.
What should I do next?
Continue trading and generating profits until your highest profit day falls below the 25% threshold. Once this happens, you can request a payout again.
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.
Trade with our capital and keep 100% of the profit
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