01
Pick a challenge
Two-step or one-step, from a 10K to a 100K account. You pay one fee, once.
- 1Challenge type
- 2Account size
- 3Add-ons (optional)
Your skill, hallmarked.
Prove your skill on a simulated account. Pass the challenge, then qualify for rewards of 80% on your simulated profit.
80%reward split, up to 90% with the add-on
$10K–$100Ksimulated account sizes
1 feepaid once, no subscription
5 daysNext withdrawal
One fee, paid once. All Sterling Pips accounts are simulated (demo) accounts, so your own capital is never traded.
Platform
Know where you stand on every trade
Move the slider to see how one day's result changes your limits. Open trades count.
Illustration with example data. Instruments may differ.
Sterling Pips
Example: $100K two-step, step 1
Example only. It assumes $104,000 equity at the start of the day. The Terms set the exact calculation.
How it works
From fee to payout
02
Pass the evaluation
Reach the profit target, stay inside the loss limits and trade the minimum days.
- Profit target
- Max daily loss
- Max loss
- Minimum trading days
03
Funded account
A simulated funded account with no minimum days. Rewards are calculated at 80% of your simulated profit.
80%
Reward split
- Next withdrawal5 days
- Max payouts5
ID check and rule compliance required. Next withdrawal after 5 days, up to 5 payouts per account.
Challenges
Choose your challenge
Same reward split on both. Two-step gives you wider limits and more leverage; one-step has a single target.
1Challenge type
2Account size
Profit target10% + 5%
Max daily loss5%
Max loss10%
Minimum trading days5 + 5
Challenge leverage1:100
Funded leverage1:40
Reward split80%
Next withdrawal5 days
Max payouts5 per funded account
Launch prices, pending final approval. One-time fee, no subscription. Add-on availability, scope and pricing are subject to final approval. You accept FX-EDGE V Ltd's Terms when you buy. Minimum age 18. Not available in restricted countries, and availability depends on your citizenship, residence and location. Terms & Conditions · Restricted Countries
Built around your trading day
News windows, in your time
Orders placed within 5 minutes before or after covered news events aren't allowed. A position opened before the window and closed after it isn't a breach.
Main scheduled events from our calendar, not a complete list. Times can change and unscheduled events also count. Updated:
- NZDParliamentary Elections21:40–21:50
Platform
Trade on web and mobile
Our trading platform, in your browser and on the mobile app.
Free trading tools
Work out your size and your limits before you trade. For information only, not investment advice.
ToolsRules
The rules, in plain words
Breaking a rule can end your challenge. These are the ones traders ask about most; the full terms cover the rest.
Limits follow your equity
Daily and maximum loss are measured on equity, so open trades count, not just closed ones.
Trade the minimum days
At least 5 trading days in each challenge step. There's no minimum on the funded account, but any account with no trades for 30 days closes.
No news trading
Orders placed within 5 minutes before or after covered events aren't allowed: macroeconomic releases, central-bank announcements, geopolitical and similar events. A position opened before the window and closed after it isn't a breach.
Your accounts, your connection
Trading from the same IP address isn't allowed. If you share a connection, ask support before you trade.
Up to 5 payouts per funded account
Partial payouts count. After the fifth payout the account closes, and remaining simulated capital and unpaid roll-over are cancelled. To continue, you buy a new challenge.
Your account, your trades
Sharing an account, copy trading and trading on outside trade alerts aren't allowed. Neither are identical or very similar trades across accounts at the same time without written permission.
Insights
Latest insights
Basics
Why Traders Fail Prop Challenges and How to Avoid It
The most avoidable reasons prop firm challenges end early: oversizing, floating losses, revenge trading, missed rules and copy-style trading.
Basics
What Is a Prop Firm Challenge and How Does It Work?
A prop firm challenge is a paid evaluation on a simulated account. See the steps, loss limits, minimum trading days and what the funded stage means.
Rules
Two-Step vs One-Step Challenge: Which Suits You?
Compare the Two-Step and One-Step challenges: profit targets, daily and max loss, trading days, leverage and the kind of trader each route suits.
FAQ
Questions before you start
Do I trade my own money?
No. You pay a one-time fee for the evaluation. Every Sterling Pips account is a simulated (demo) account, so your own capital is never traded.
Which platform do I trade on?
Our trading platform, in your browser and on the mobile app.
Can I get a refund?
Fees are generally non-refundable once your account access has been granted, except where consumer protection law requires a refund.
Can I join from my country?
Eligibility depends on citizenship, residence, current location, sanctions checks and local law. Check the restricted countries list before you buy. A country not on the list isn't automatically approved.
Is Sterling Pips a broker or an investment firm?
No. We don't provide investment services, brokerage, portfolio management or investment advice. We offer trading evaluations on simulated accounts.
What happens if I break a limit?
The account ends automatically. To start again you buy a new challenge.
Ready when you are
Two-step or one-step, from 10K to 100K, with the rules stamped up front.
See the challenges