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Ranked & Compared · Updated June 2026

Best Two-Step Prop Firms

Two-step challenges are the classic prop-firm model — pass a profit target in phase 1, then verify your consistency in phase 2 before getting funded. Lower targets per phase, more time to prove yourself.

Verified payouts Updated monthly Independent rankings
  1. #1
    FT

    FTMO

    The original prop firm. Bulletproof reputation.

    4,821 verified payouts 1-day payouts
    From
    $155
    Max account
    $200K
    Profit split
    80%
    Payout
    1d
    9.4
    FTMO
  2. #2
    TH

    The5ers

    Israeli-backed, instant funding option.

    2,100 verified payouts
    From
    $39
    Max account
    $100K
    Profit split
    80%
    Payout
    3d
    8.6
    The5ers
  3. #3
    FU

    FundedNext

    Stellar 15% bonus on first payout.

    3,210 verified payouts
    From
    $59
    Max account
    $200K
    Profit split
    90%
    Payout
    5d
    8.5
    FundedNext
  5. #5
    FU

    FundingPips

    Lowest fees, 100% first payout.

    1,150 verified payouts
    From
    $35
    Max account
    $200K
    Profit split
    80%
    Payout
    3d
    8.4
    FundingPips
  6. #6
    E8

    E8 Markets

    Premium polish, refined rules.

    720 verified payouts
    From
    $95
    Max account
    $400K
    Profit split
    80%
    Payout
    4d
    8.3
    E8 Markets
  8. #8
    BR

    BrightFunded

    Modern forex prop firm

    900 verified payouts
    From
    $55
    Max account
    $400K
    Profit split
    90%
    Payout
    5d
    8.2
    BrightFunded
  9. #9
    BL

    Blue Guardian

    Trader-first prop firm

    800 verified payouts
    From
    $59
    Max account
    $4M
    Profit split
    90%
    Payout
    3d
    8.1
    Blue Guardian
  10. #10
    FX

    FXIFY

    Multi-step forex prop firm

    750 verified payouts
    From
    $59
    Max account
    $400K
    Profit split
    90%
    Payout
    5d
    8.0
    FXIFY
  11. #11
    TO

    Top One Trader

    Premium prop firm with massive scaling

    600 verified payouts
    From
    $79
    Max account
    $5M
    Profit split
    90%
    Payout
    7d
    7.9
    Top One Trader
  12. #12
    MY

    MyFundedFX

    Aggressive payouts, trader-first rules.

    1,380 verified payouts
    From
    $89
    Max account
    $300K
    Profit split
    90%
    Payout
    5d
    7.9
    MyFundedFX

FTMO popularized the two-step model and most reputable firms now offer it alongside one-step alternatives. The lower per-phase target (typically 8% + 5%) makes it more forgiving than single-phase challenges if you trade conservatively.

How we picked

Every firm above is scored on our 5-pillar framework: trust & track record, payout reliability, rule fairness, value for money, and platform quality. We weight verified trader payouts heaviest — marketing claims don't move our rankings.

See our full scoring methodology

Frequently asked questions

Is two-step better than one-step?

Two-step is more forgiving for newer traders — lower targets per phase and a built-in consistency check. One-step is faster if you already have a proven strategy.

How long does a two-step challenge take?

Most traders finish phase 1 in 1–4 weeks and phase 2 in 2–4 weeks. Funding usually arrives within 48 hours of passing phase 2.

Related guides

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