Prop Firm Evaluation Phases Explained: Phase 1 vs Phase 2
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Prop Firm Evaluation Phases Explained
Most prop firms use a two-phase evaluation to assess trader skill and consistency. Here's exactly how it works.
Phase 1: The Challenge
Phase 1 tests your ability to generate profits while managing risk.
| Parameter | Alpha Trader Firm | FTMO | FundedNext |
|---|---|---|---|
| Profit Target | 8% | 10% | 8% |
| Daily Loss Limit | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% |
| Min Trading Days | None | 4 days | None |
| Time Limit | None | 30 days | None |
Phase 2: The Verification
Phase 2 tests consistency — can you repeat your Phase 1 performance?
| Parameter | Alpha Trader Firm | FTMO | FundedNext |
|---|---|---|---|
| Profit Target | 5% | 5% | 5% |
| Daily Loss Limit | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% |
| Min Trading Days | None | 4 days | None |
| Time Limit | None | 60 days | None |
After Phase 2: The Funded Account
After passing both phases, you receive a funded account with the full account balance. You can now trade and earn your profit split (80-90% with Alpha Trader Firm).
Why Alpha Trader Firm's Evaluation Is Trader-Friendly
Alpha Trader Firm has no time limits and no minimum trading days in either phase. This means you can trade at your own pace without artificial pressure — a significant advantage over FTMO's 30/60-day limits.
Start your two-phase evaluation with Alpha Trader Firm →
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