Challenge Phases
BeginnerUnderstand the evaluation phases and what's required to pass.
SPIKE offers two types of evaluation paths: a 2-Phase Challenge for a more gradual assessment, and a 1-Phase Express for traders who want faster funding.
2-Phase Challenge
| Parameter | Phase 1 | Phase 2 |
|---|---|---|
| Profit Target | 8% | 5% |
| Max Drawdown | 10% | 10% |
| Daily Loss Limit | 5% | 5% |
| Min Trading Days | 5 | 5 |
| Time Limit | 30 days | 60 days |
1-Phase Express
| Parameter | Requirement |
|---|---|
| Profit Target | 10% |
| Max Drawdown | 6% |
| Daily Loss Limit | 4% |
| Min Trading Days | 5 |
| Time Limit | 45 days |
Pro Tip
The 2-Phase challenge has more generous drawdown limits, making it ideal for traders who prefer a more relaxed evaluation. The 1-Phase Express is better for experienced traders who want to get funded quickly.
What Happens After Passing
Once you pass all phases, you'll receive your funded account credentials within 24–48 hours. You can then start trading with real capital and earning profit splits.
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