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Ad / advertising disclosure: links marked 'Ad' are paid affiliate links - we earn a commission if you buy an evaluation through them; this can affect which firms are listed, not the terms you receive. What this page is: a factual comparison of published fees and rules, collected from at least two public sources on the date shown and cross-checked; per-field rankings are arithmetic over the tracked set (see Methodology). It is not a recommendation or opinion about whether you should buy any evaluation, and it is not financial advice. What these products are: prop-firm 'challenges' are paid evaluations on simulated accounts; any later 'funded' stage is a contractual profit share from the firm, not an investment return; most participants do not pass; fees are generally non-refundable. The firms listed are not authorised or supervised by the FMA (NZ), ASIC (AU), FCA (UK), CFTC/SEC (US) or any EU regulator, and you have no investor-compensation protection. Operated from New Zealand.
FTMO Challenge 2-Step $100K vs FundedNext Stellar 2-Step $100K
3 of 8 published terms differ between these two offers. Every figure below is read from the firm's own published terms and an independent source, cross-checked, and dated 2026-10-12.
FTMO Challenge 2-Step $100K
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FTMO Challenge 2-Step $100K — firm's sitePaid link — we may earn a commission. It does not change the terms you receive.
FundedNext Stellar 2-Step $100K
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FundedNext Stellar 2-Step $100K — firm's sitePaid link — we may earn a commission. It does not change the terms you receive.
Every published term, side by side
| Term | FTMO Challenge 2-Step $100K | FundedNext Stellar 2-Step $100K | Difference |
|---|---|---|---|
| Challenge fee | — | $549.99 | Not published by both. |
| Profit target (step 1) | 10% | 8% | FundedNext Stellar 2-Step $100K is lower by 2 percentage points. |
| Minimum trading days | 4 | — | Not published by both. |
| Account size | $100,000 | $100,000 | Identical. |
| Profit target (step 2) | 5% | 5% | Identical. |
| Max daily loss | 5% | 5% | Identical. |
| Max overall loss | 10% | 10% | Identical. |
| Evaluation steps | 2 | 2 | Identical. |
What the differences mean
Why do evaluations require a minimum number of trading days?
A minimum trading day requirement sets a floor on the number of separate sessions in which activity must occur before an evaluation can be marked as passed. It exists because a profit target can, in principle, be reached by one oversized position held through one favourable move. That outcome tells the firm nothing about how a trader sizes, exits or repeats decisions. By forcing activity to be spread across distinct sessions, the condition converts the test from a single event into a sequence, which is what the firm claims to be measuring. Full explanation →
What is a profit target and how is it measured?
A profit target is the gain a simulated account must show before an evaluation phase counts as passed. It is measured against the account's nominal size — the notional balance the simulated account is opened with — and not against the fee paid to enter. The two numbers are unrelated in kind: the fee is an amount actually paid, while the nominal size is a reference figure used to scale the rules. Because the target is expressed as a proportion of that reference figure, the same proportional target represents a different absolute gain on each account size offered, while the underlying trading requirement stays the same in relative terms. Full explanation →
What is a reset, and what does an evaluation cost after the first payment?
A reset is a payment that restarts an evaluation the participant has already failed, returning the simulated account to its starting balance and clearing accumulated profit, loss and elapsed days. It differs from buying a new evaluation in price and in mechanism: the reset is usually priced below the original entry fee and is applied to the existing account rather than issuing a new one. Terms vary as to whether the reset restores the original rule set or the current published one, and whether any time already elapsed counts toward a minimum trading-day requirement. Full explanation →
What does the evaluation fee cover, and is it refundable?
The evaluation fee is the price of entry to an assessment. It is not a deposit, not margin, and not an amount exposed to market movement. Nothing in the fee is placed into a trading position; the simulated account is credited with a notional starting balance that exists only inside the firm's platform. Because the money never enters a market, it cannot be lost through trading and cannot be withdrawn through trading either. It is paid to the firm and becomes the firm's revenue at the moment of purchase. Full explanation →
Compare against others
- FTMO Challenge 2-Step $100K vs Blue Guardian 1-Step $100K
- FundedNext Stellar 2-Step $100K vs Blue Guardian 1-Step $100K
- FTMO Challenge 2-Step $100K vs Blue Guardian 2-Step $100K
- FundedNext Stellar 2-Step $100K vs Blue Guardian 2-Step $100K
- FTMO Challenge 2-Step $100K vs FTMO Challenge 1-Step $100K
- FundedNext Stellar 2-Step $100K vs FTMO Challenge 1-Step $100K
- FTMO Challenge 2-Step $100K vs FundedNext Stellar 1-Step $100K
- FundedNext Stellar 2-Step $100K vs FundedNext Stellar 1-Step $100K
- FTMO Challenge 2-Step $100K vs The5ers High Stakes 2-Step $100K
- FundedNext Stellar 2-Step $100K vs The5ers High Stakes 2-Step $100K