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One-Step Challenge
A prop firm evaluation consisting of a single phase where the trader must hit one profit target while respecting drawdown limits to qualify for funding.
Detailed Explanation
One-step challenges streamline the evaluation process by combining what would normally be two phases into one. The profit target is typically set between 8% and 10%, and there is usually a minimum trading day requirement of 3–5 days. One-step evaluations are faster to complete than two-step models but may have stricter risk parameters to compensate. They're preferred by experienced traders who want a quicker path to funding.
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