Three-step evaluations are genuinely uncommon. Most prop firms run one-step or two-step models. This page explains how the three-phase model works, how it differs from staged scaling, and names only the firms whose own websites currently publish a three-phase evaluation.
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First assessment. You trade to that phase's profit target without breaching its loss limits.
A second assessment on a fresh account balance. Passing phase 1 does not carry over profit.
A final confirmation phase. Only after this does the firm issue a funded account.
The specific target, drawdown and any time limit differ by firm, and we do not estimate them. Where a figure is not published on the firm's own site, we mark it "Not specified" rather than filling the gap.
Methodology: models are described structurally, from how firms define their own programmes. No pass rates, prices or drawdown values are inferred.
You trade small, repeatable gains, you are comfortable with a slower route to funding, and a low per-phase target fits how you already trade.
You want the shortest path to a funded account, or you need a specific market or platform that the few three-step firms do not cover.
If the model fits, the next step is comparing the small number of firms that run it.
Some links on this site are affiliate links. If you purchase through one of these links, we may earn a commission at no additional cost to you. Our recommendations are based on the factors explained on each page.
Standard 3-Step
Traders who want the smallest per-phase profit target available.
Details read from maventrading.com challenge table. Firms change programmes without notice — confirm current terms on the firm's own site before purchasing.
Three-Step (FX & CFDs)
Traders who prefer a static drawdown across all three phases.
Details read from nordicfunder.com/accounts. Firms change programmes without notice — confirm current terms on the firm's own site before purchasing.
Their own programme pages currently advertise 1-step and 2-step evaluations only. No three-phase evaluation found.
Futures-focused with daily payouts; no three-phase evaluation published on their site.
Programme details sit behind a client login, so a three-step evaluation could not be confirmed from public pages.
Several firms are described elsewhere online as "three-step". In most cases that refers to a multi-stage scaling plan after funding, not a three-phase evaluation. We list a firm above only when its own current site publishes three evaluation phases.
A three-step evaluation splits the assessment into three consecutive phases. You must pass all three before a funded account is issued. Each phase usually carries a smaller profit target than a one- or two-step challenge, because the target is spread across more phases.
If a three-phase evaluation suits how you trade, start with the firms whose own sites publish three phases. If it does not, the one-step and two-step models offer far more choice — both sibling guides compare those firms in detail.
Some links on this site are affiliate links. If you purchase through one of these links, we may earn a commission at no additional cost to you. Our recommendations are based on the factors explained on each page.