How a Prop Firm Challenge Service Works
How a Prop Firm Challenge Service Works
A Prop Firm Challenge Service is designed to help traders successfully pass funded account evaluations from popular proprietary trading firms such as MyForexFunds, FTMO, True Forex Funds, The Funded Trader, and more. These firms require traders to complete a strict trading challenge before accessing real funded capital. Many traders struggle with the rules, time pressure, and consistency required—and that’s where a professional passing service comes in.
Below is the step-by-step process of how a Prop Firm Passing Service typically works:
1. Consultation & Account Setup
You begin by selecting the account size you want (e.g., $5,000, $10,000, $50,000, etc.).
The service provider will ask for:
- The prop firm you want
- The challenge type (1-step, 2-step, rapid, evaluation, etc.)
- Your login credentials for the challenge account
- Your preferred trading style (aggressive or conservative)
This ensures everything is set up correctly before trading begins.
2. Strategy Selection & Risk Management
A professional trader or algorithm (EA) will be assigned to your challenge.
They use advanced strategies such as:
- Smart money concepts (SMC)
- Algorithmic trading
- News-based setups
- Price action
- Scalping or swing trading
The key goal is to stay within the prop firm rules:
- Daily drawdown
- Overall drawdown
- Lot size and timing rules
- Profit targets
3. Daily Monitoring & Secure Execution
The service provider trades on your account daily or during opportunities.
Most legitimate providers offer:
- Secure VPS trading
- Real-time monitoring
- Risk-managed entries
- Trade journaling
You are typically given updates or can watch the trades in real time.
4. Completing Phase 1 & Phase 2 (If Applicable)
Most prop firms have two phases:
Phase 1 – Reach the profit target
Within the specified time and without breaking any rules.
Phase 2 – Verified trading
Usually has a smaller profit target but still requires rule compliance.
A top passing service handles both phases smoothly and submits results for approval once complete.
5. Receiving Your Funded Account
Once both phases are passed:
- The prop firm reviews your results
- A funded account is issued
- You can choose to trade it yourself, or hire a service to manage it for you (depending on prop firm rules)
6. Profit Splits & Scaling
With a funded account, you can:
- Earn between 75%–90% of profits
- Potentially scale up to larger accounts
- Build long-term income with low personal risk
A passing service simply helps you overcome the hardest part—the challenge.
FAQ – Prop Firm Challenge Service
1. Is using a Prop Firm Passing Service legal?
Yes. It is allowed as long as the prop firm’s rules do not prohibit third-party trading. Always read the rules for the specific firm you choose.
2. Will the service have access to my personal funds?
No.
Prop firms use demo-style challenge accounts, so the service only trades the challenge—not your personal money.
3. How long does it take to pass a challenge?
Typical timelines:
- Fast pass: 3–7 days
- Standard pass: 7–14 days
- Strict-risk firms: 14–30 days
It depends on the market conditions and risk level chosen.
4. What happens if the challenge fails?
Most reputable services offer:
- A free retry on the next challenge, or
- A discounted second attempt
Check your provider’s guarantee terms.
5. What do I need to provide before trading starts?
You will need to send:
- Prop firm name
- Challenge login credentials
- MT4/MT5 login
- Trading server
- Preferred trading style (risk level)
6. Can I monitor the trades?
Yes. You can log in from your MT4/MT5 app to watch trades live at any time.
7. Can you help with larger accounts like 50k, 100k, 200k?
Yes. A prop firm passing service can handle any size as long as risk rules are followed properly.
8. Do you offer Phase 2 only?
Yes. If you already passed Phase 1, you can order Phase 2 only at a cheaper price.
9. Do you also manage the funded account after passing?
Yes, many providers offer ongoing management—but make sure the prop firm allows it.
10. Is profit guaranteed after passing?
No service can guarantee profits, but good traders focus on steady, low-risk performance to maintain the funded account.
