Best Prop Firms with 2-Step Evaluations Offering No Time Limits on Challenges

Proprietary trading firms (prop firms) offer traders the opportunity to access funded accounts by successfully passing an evaluation process. Among the most common evaluation structures is the 2-step evaluation, which requires traders to complete two distinct phases before receiving funding. Some of the best prop firms have removed time limits from their 2-step challenges, allowing traders to progress at their own pace and focus on strategy rather than speed.

In this article, we explore the best prop firms with 2-step evaluations that offer no time limits on challenges, their benefits, and how traders can leverage these opportunities to maximize their trading potential.

1. Understanding the 2-Step Evaluation Process

What is a 2-Step Evaluation

A 2-step evaluation is a structured process designed to assess a trader’s skills before granting them access to a funded account. This approach ensures that traders demonstrate consistent profitability and risk management.

Typical Requirements in a 2-Step Evaluation:

Step 1: Achieve a predefined profit target while adhering to risk management rules.

Step 2: Repeat the process with slightly stricter guidelines to confirm consistency.

Once both steps are passed, traders receive a funded account and can keep a percentage of their profits.

Why Choose a 2-Step Evaluation Over a One-Step Challenge?

Better capital allocation: Firms that use a 2-step model ensure traders can handle real market conditions.

Stronger trader discipline: Encourages long-term risk management.

Higher credibility: Passing a 2-step challenge indicates solid trading skills.

2. The Advantage of No Time Limits on Challenges

1. Reduced Psychological Pressure

Many prop firms impose strict time constraints on their challenges, which can lead to forced trades and emotional decision-making. No time limits allow traders to:

Trade at their own pace

Wait for high-probability setups

Reduce stress and emotional trading errors

2. More Room for Risk Management

When traders have unlimited time to pass a challenge, they can focus more on:

Implementing proper risk-reward ratios

Following a disciplined trading plan

Avoiding overleveraging to meet time-based targets

3. Adapting to Market Conditions

Markets fluctuate, and conditions can vary between trending and ranging periods. Without time constraints, traders can:

Trade during favorable market conditions

Avoid unnecessary trades in low-volatility periods

Make more strategic decisions rather than rushing to meet deadlines

3. Best Prop Firms Offering 2-Step Evaluations Without Time Limits

Several top best prop firms have recognized the benefits of removing time limits from their 2-step evaluation models. Here are some of the best options:

1. FTMO

Evaluation Structure: 2-step challenge with defined profit targets.

No Time Limits? ✅ Yes, traders can take as long as needed.

Key Benefits: High profit split, risk-free scaling options, and global reputation.

2. MyForexFunds

Evaluation Structure: 2-step challenge with flexible risk parameters.

No Time Limits? ✅ Yes, traders can progress at their own pace.

Key Benefits: Low fees, high funding limits, and diverse asset classes.

3. The Funded Trader

Evaluation Structure: 2-step model with generous drawdown allowances.

No Time Limits? ✅ Yes, giving traders flexibility to strategize.

Key Benefits: High profit retention, customizable risk settings, and scaling plans.

4. E8 Funding

Evaluation Structure: 2-step process with competitive profit targets.

No Time Limits? ✅ Yes, allowing traders to trade stress-free.

Key Benefits: Fast payouts, flexible trading strategies, and a strong community.

5. Fidelcrest

Evaluation Structure: 2-step process with aggressive and normal risk plans.

No Time Limits? ✅ Yes, making it ideal for swing and position traders.

Key Benefits: Multiple funding options, high leverage, and personalized trader support.

4. How to Succeed in a No Time Limit 2-Step Evaluation

1. Develop a Solid Trading Plan

With no time constraints, traders should focus on:

A clear entry and exit strategy

Risk management rules to protect capital

A trading journal to track performance

2. Stay Disciplined and Patient

Traders should avoid taking unnecessary risks by:

Sticking to their strategy even if progress is slow

Avoiding revenge trading after losses

Using demo accounts to refine strategies before live trading

3. Utilize Prop Firm Support and Tools

Most best prop firms offer educational resources, mentorship, and trading dashboards. Traders should:

Take advantage of risk management tools

Engage in community discussions to learn from others

Use advanced charting software for precise analysis

5. Who Should Consider a No Time Limit 2-Step Challenge?

This model is ideal for:

Traders with full-time jobs who can’t dedicate fixed hours to trading daily.

Swing and position traders who wait for high-probability setups.

Traders looking for stress-free evaluations without time-based pressure.

Conclusion

For traders seeking a structured yet flexible path to funding, best prop firms with 2-step evaluations and no time limits offer a compelling advantage. They provide traders with the freedom to trade strategically, manage risk effectively, and pass challenges at their own pace.

By choosing a prop firm that aligns with their trading style, traders can maximize their potential, reduce stress, and build a sustainable career in proprietary trading. Whether you're a beginner or an experienced trader, these firms provide an excellent opportunity to scale your trading with professional capital.