Top 7 One-Step Evaluation Prop Firms

Every trader dreams of achieving their funding goals and becoming a funded trader as quickly as possible. Unfortunately, most prop firms make you jump through hoops to get there. This is especially true for firms that require you to pass a trading challenge. Not only do these tests delay your funding, but they can be very stressful and induce poor performance. 

What if I told you there’s a no-challenge prop firm that can help you achieve your funding goals with a simple trading evaluation? This guide will introduce you to the One Step Evaluation Prop Firms like Goat Funded Trader. You’ll learn precisely how this evaluation firm works and why it may just be the perfect fit for you. 

What is a One-Step Evaluation Prop Firm?

A one-step evaluation prop firm is a proprietary trading firm that offers traders a streamlined way to secure a funded trading account by passing a single evaluation phase. Unlike traditional multi-step challenges, which involve several stages and can be time-consuming, the one-step evaluation condenses the process into one comprehensive test. Traders must meet specific profit targets while adhering to strict risk management rules, such as maximum drawdown limits, within a set timeframe to qualify for funding.

This simplified evaluation appeals to traders who want quicker access to capital without having to navigate multiple hurdles. However, the one-step challenge is often more formidable to pass because it typically enforces tighter trailing drawdown restrictions or demands a higher profit-to-drawdown ratio, requiring greater discipline and precision from traders. The evaluation normally takes place on a simulated account, where traders demonstrate their strategies and risk control before transitioning to trade with real firm capital and share in the profits.

One-step evaluation prop firms provide a faster route to funded trading, making them attractive for both experienced traders and beginners who lack sufficient personal capital but want to prove their skills efficiently. The evaluation period varies but is generally designed to be concise, allowing traders to showcase their abilities in a reasonable timeframe.

Among firms offering this model, Goat Funded Trader stands out by providing multiple evaluation options, including one-step evaluations. This flexibility enables traders to select the evaluation style that best suits their trading approach and readiness, thereby enhancing their chances of success and facilitating quicker access to funding.

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Pros and Cons of One-Step Evaluation Prop Firms

Pros

Simplified and Faster Process

One-step evaluation prop firms streamline the funding process by requiring traders to pass only a single evaluation phase. This eliminates the need for multiple stages, allowing traders to start trading with funded accounts more quickly than traditional multi-step evaluations. The simplicity appeals to those who want to avoid lengthy and complex challenges.

Immediate Access to Funding

Once traders meet the profit targets and risk management rules in the one-step evaluation, they gain instant access to trading capital. This quick funding enables traders to capitalize on market opportunities without delay.

Direct and Secure Funding Path

The one-step evaluation provides a clear and straightforward route to secure capital, helping traders access simulated funds efficiently and start trading with confidence. This approach reduces uncertainty about the evaluation process.

Opportunity to Showcase Trading Skills

These evaluations provide traders with a platform to showcase their trading strategies and risk management capabilities in a single, focused challenge. Successful traders can gain access to larger accounts and better profit splits, which can accelerate their trading career growth.

Access to Advanced Trading Resources

Many one-step prop firms equip traders with sophisticated trading platforms, risk management tools, and access to diverse markets. These resources help traders refine their strategies and stay competitive in dynamic market environments.

Cons

Higher Risk Pressure

Because the evaluation focuses on achieving profit targets quickly, traders may feel compelled to take larger risks. This pressure can negatively affect trading performance and lead to premature account drawdowns.

Less Comprehensive Skill Assessment

A one-step evaluation may not thoroughly assess a trader’s full range of skills, such as long-term risk management and diverse trading strategies, compared to multi-step evaluations that test consistency over time.

Limited Learning and Adjustment Time

With only one evaluation phase, traders have fewer opportunities to learn from mistakes and adjust their strategies during the challenge. This can be disadvantageous for less experienced traders who benefit from gradual improvement and feedback.

Stricter Rules and Less Margin for Error

The one-step model often imposes strict risk limits, such as trailing drawdown and daily loss caps. Traders must maintain high discipline from the start, with little room for error or gradual adaptation.

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Top 7 One-Step Evaluation Prop Firms

1. Goat Funded Trader

Goat Funded Trader is a proprietary trading firm with a streamlined one-step evaluation program for disciplined traders seeking straightforward access to funded trading accounts. The firm emphasizes a simple, transparent process with achievable profit targets and flexible trading conditions, making it an attractive choice for traders aiming to trade with significant capital without prolonged evaluation phases. Goat Funded Trader supports a wide range of markets, including forex, stocks, ETFs, and cryptocurrencies, backed by proprietary technology and a user-friendly platform that caters to both beginners and experienced traders. 

Key Features

• Single-phase evaluation with a 10% profit target
• Leverage up to 1:30 available
• No minimum or maximum trading day requirements
• Maximum daily loss limit of 4% and overall loss limit of 6%
• Multiple account sizes available from $15,000 to $200,000
• Swap-free account options offered
• Access to over 1,300 forex pairs, 14,000 stocks, 21,000 ETFs, and 1,500+ crypto pairs
• Trading is allowed during news events and overnight
• Profit splits starting at 80%, up to 100% with upgrades
• Fast payout system with a 2-day payment guarantee and a $500 penalty for delays

Pros

• Fast and straightforward evaluation process
• Flexible and trader-friendly rules
• Wide market access and asset diversity
• High profit splits and scaling opportunities
• Proprietary technology with an intuitive dashboard

2. FundedNext

FundedNext is a proprietary trading firm offering a one-step evaluation program known as the Stellar 1-Step Challenge, designed to provide traders with a fast, flexible path to funding. The firm is recognized for its no time limit on challenge completion, low minimum trading days, and high profit splits, catering to traders who want to prove their skills efficiently while enjoying competitive trading conditions. FundedNext supports a broad range of asset classes and offers a streamlined payout process, making it a compelling option for both novice and experienced traders seeking quick access to funded accounts. 

Key Features

• No time limit to complete the challenge
• Minimum trading days reduced to just 2
• Profit target of 10% with strict drawdown limits (3% daily, 6% max)
• 90% profit split from the very first payout
• Payouts processed within five business days, including subsequent withdrawals

Pros

• Rapid evaluation and funding timeline
• High profit share for traders
• Flexible trading conditions with broad asset access

3. OneUp Trader

OneUp Trader is a proprietary trading firm that offers a straightforward one-step evaluation process, designed to help traders quickly gain access to funded trading accounts. The program requires traders to meet clear profit targets and adhere to simple risk management rules over a minimum of 10 trading days (5 days for Express accounts), with no hidden fees or complex layers. OneUp Trader supports trading in popular CME futures products and provides traders with free market data and industry news, enhancing their trading edge. 

Key Features

• Minimum of 10 trading days (consecutive or non-consecutive) required
• Clear profit targets based on the chosen account size
• Trading is allowed on a wide range of CME futures products
• 90% profit split after the first $10,000, with 100% of the first $10,000 profits kept by the trader
• Access to over 20 trading platforms, including free NinjaTrader

Pros

• Transparent and straightforward evaluation process
• No hidden fees or added costs
• Responsive 24/7 customer support

4. PipFarm

PipFarm is an emerging proprietary trading firm that offers a straightforward one-step evaluation designed to quickly assess traders’ skills and provide access to funded accounts. The one-step challenge requires traders to reach a 12% profit target while managing risk through either a 6% static drawdown or a 12% trailing drawdown, with a minimum of three trading days. PipFarm uses the cTrader platform in a simulated environment, allowing traders to familiarize themselves with the interface before committing. 

Key Features of PipFarm One-Step Evaluation

• 12% profit target to pass the challenge
• Choice between 6% static or 12% trailing drawdown limits
• Minimum of 3 trading days per evaluation stage
• Up to 95% profit share for funded traders
• Leverage up to 1:50 available as experience grows

Pros of PipFarm One-Step Evaluation

• Flexible risk management options
• High profit share and scaling potential
• Transparent and simple evaluation rules 

5. City Traders Imperium

City Traders Imperium (CTI) is a Dubai-based proprietary trading firm offering a one-step evaluation program that fast-tracks traders to funded accounts with a 10% profit target and no minimum trading days. The firm offers a flexible and affordable challenge tailored to traders seeking a faster route to capital without compromising quality or trading freedom. CTI supports trading on MT5 and Match-Trader platforms with ultra-low spreads, no restrictions on news or overnight trading, and balanced-based drawdown rules. 

Key Features

• 10% profit target with no minimum trading days
• Balance-based drawdown limits for risk management
• Trading is allowed during news events, weekends, and overnight
• Supports MT5 and Match-Trader platforms with ultra-low spreads
• Profit splits ranging from 70% up to 100% with scaling opportunities

Pros

• Fast and affordable path to funding
• Flexible trading rules with no time limits
• Instant funding options are available without evaluation

6. Funded Trading Plus

Funded Trading Plus is a proprietary trading firm offering a one-step evaluation program called the Experienced Trader Program, designed to fast-track traders to funded accounts with straightforward and trader-friendly rules. This program requires traders to achieve a 10% profit target while adhering to a 6% maximum trailing loss and 4% maximum daily loss limits, without any minimum or maximum trading day requirements. Traders benefit from up to 100% profit splits, immediate payout eligibility upon funding, and a scalable account structure that supports growth up to $2,500,000. 

Key Features

• Single-phase evaluation with a 10% profit target
• 6% maximum trailing loss and 4% maximum daily loss limits
• No minimum or maximum trading day requirements
• Up to 100% profit split starting from the first payout
• Unlimited evaluation period, allowing traders to trade at their own pace

Pros

• Immediate payout eligibility after funding
• Flexible trading rules with no time pressure
• Robust scaling plan for account growth

7. TopTier Trader

TopTier Trader is a proprietary trading firm that offers a streamlined one-step evaluation program called the One Phase Challenge, designed to provide traders with a fast and efficient path to funded accounts. This challenge requires traders to achieve a 10% profit target with no time limit, while managing risk through a 3% daily drawdown and a 6% maximum trailing drawdown. With a minimum of only three trading days required, TopTier Trader supports flexible trading styles, including news trading and weekend position holding, across multiple markets such as forex, indices, and commodities. 

Key Features

• 10% profit target with no time limit
• 3% daily and 6% maximum trailing drawdown limits
• Minimum of 3 trading days required
• Trading is allowed during news events and weekends
• Profit splits of 80% standard, up to 90% with add-ons

Pros

• Flexible trading rules with broad market access
• Transparent and straightforward challenge conditions
• Fast funding with scaling opportunities

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Tips for Passing a One-Step Evaluation

Follow the Challenge Rules Precisely

Passing a one-step evaluation in a prop trading firm requires a clear understanding of the rules and disciplined execution. Here are key tips to help you succeed. Carefully study and adhere to all the rules set by the prop firm. This includes profit targets, drawdown limits, and time constraints. Strict compliance helps avoid disqualification and shows professionalism.

Manage Risk with Discipline

Risk management is fundamental. Adhere to the firm's risk limits, including daily and overall drawdown caps. Avoid risking more than a small percentage of your account on any single trade; it is often recommended to risk about 1% per trade. This approach preserves your capital and keeps you in the evaluation longer.

Focus on Meeting Profit Targets Consistently

Aim to reach the profit goal steadily without taking reckless risks. Consistency in hitting profit milestones while maintaining risk discipline is crucial to pass the evaluation and secure funded status.

Develop and Use Proven Trading Strategies

Rely on trading methods you have thoroughly tested and are comfortable with. Whether day trading, swing trading, or scalping, use simple, well-understood strategies that align with the prop firm's rules. Avoid experimenting with new or complex systems during the evaluation.

Monitor Your Performance Closely

Keep track of your trades, profits, losses, and adherence to risk parameters. Regularly reviewing your performance enables you to adjust your approach and avoid mistakes that could jeopardize your evaluation.

Practice Patience and Emotional Control

Treat the evaluation as a marathon, not a sprint. Resist the urge to overtrade or chase losses. Wait for high-quality setups and know when to stop trading for the day, especially after achieving gains. Maintaining emotional balance improves decision-making under pressure.

Use Simulated Practice Beforehand

Before starting the evaluation, practice your strategy in a demo account. This helps build confidence and ensures your approach works in live market conditions without risking real money.

How to Choose the Best One-Step Prop Firm

Evaluation Process and Rules

Understanding the evaluation process is critical for choosing the best one-step prop trading firm. One-step prop firms require traders to pass a single evaluation phase by meeting specific profit targets and adhering to challenge rules. Essential aspects of this process include the minimum trading days, profit targets, and the length of the evaluation period. The evaluation timeframe should align with your trading pace, providing you with sufficient time to demonstrate your strategy without rushing.

Risk Management Requirements

Effective risk management is critical for long-term trading success. Look for firms that clearly define daily risk limits, maximum drawdown, and trailing drawdown rules. Ensure these limits are realistic for your trading style so you can comply without compromising your potential. Firms with strict but fair risk rules help maintain funded accounts and promote consistent long-term success.

Account Sizes and Fees

Check the variety of account sizes offered and their associated fees. Top firms provide flexible funding options to cater to various trader levels and risk appetites. Consider the leverage available as well, as it impacts your trading strategy. Also, review the fee structure, including evaluation fees and profit splits, to ensure the costs align with your expected returns.

Reputation and Transparency

Choose firms with a solid reputation and transparent policies. Research the firm's history, community feedback on platforms like Trustpilot or Reddit, and their responsiveness to traders. Avoid firms with hidden rules, delayed payouts, or poor customer support, as these issues can hinder your trading journey.

Trading Platform and Support

A reliable, user-friendly trading platform is essential for smooth execution. Additionally, quality customer support and educational resources can significantly enhance your experience, especially if you are still developing your skills.

Flexibility and Funding Speed

One-step prop firms are popular because they offer a streamlined path to funding. Some firms allow you to start trading immediately after passing the evaluation, with no multi-phase hurdles. Look for firms that provide flexibility in trading days and strategies so that you can trade confidently without pressure.

Get 25-30% off Today - Sign up to Get Access to Up to $800K Today.

Goat Funded Trader is an industry-leading prop firm that gives traders access to simulated accounts up to $800,000 with the most trader-friendly conditions available. Forget about minimum targets and time limits, and enjoy triple paydays with up to 100% profit split. Join over 98,000 Goat Funded Trader customers who have already collected over $9.1 million in rewards, all backed by our two-day payment guarantee with a $500 penalty for delays.  Choose your path to funding through customizable challenges or start trading immediately with our instant funding options. Sign up to get access to up to $800K today and 25-30% off. 

Why Is Goat Funded Trader So Great? 

Goat Funded Trader is a top-rated prop firm that prioritizes the trader’s experience above all else. Our accounts are designed to simulate real-life trading conditions so that you can focus on your performance without unnecessary restrictions. With no minimum targets, no time limits, and up to 100% profit split, Goat Funded Trader gives you the flexibility you need to succeed. Want to take a break from trading? No problem. You can pause your account at any time and pick up right where you left off.

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