TBM Funded 2-Phase Challenge Rules: The Complete Breakdown
TBM Funded 2-Phase Challenge Rules: The Complete Breakdown
TBM Funded 2-Phase challenge rules, in full, before you spend a dollar on the evaluation. No fine print you find out about after you've already paid.
This is the flagship evaluation — two phases, straightforward targets, and an 80% profit split once you're funded. Here's every rule that governs it.
TBM Funded 2-Phase challenge rules: profit targets
- Phase 1: 8%
- Phase 2: 5%
Phase 2's lower target isn't a discount — it's a repeatability check. Hitting 8% once proves you can trade well for a stretch. Hitting 5% again proves it wasn't luck.
Drawdown
- Max drawdown: 10%
- Daily drawdown: 5%
- Type during evaluation: Static — locked to your starting balance from day one. Grow the account and your floor doesn't move.
- Type once funded: Trailing end-of-day — measured against your highest balance reached, not your starting one. Same 10% max / 5% daily percentages, different reference point. This is the one thing that changes between evaluation and funded — read the full explanation in our static vs trailing drawdown post if you haven't already.
Time limit and minimum trading days
- Time limit: None — there's no clock running on either phase
- Minimum trading days: 5 per phase
You don't need to trade every day, and you're not racing a stopwatch. You do need at least 5 separate trading days per phase, whenever you choose to take them — a single all-in bet doesn't count as a pass.
Leverage and instruments
- Leverage: 1:100
- Instruments: All instruments — no restricted-symbol list to trip over
Consistency and risk rules (apply to funded accounts)
- Consistency rule: no single day can account for more than 35% of your total profit at payout. A breach doesn't end your account — it puts that payout cycle on a soft hold for review, nothing more punitive.
- Max loss per trade: 2% per position
- Max position size: 20 lots per order
- Inactivity: account closes after 14 days with no trades
- News trading: a 5-minute blackout window around high-impact news events. Profit made inside that window is excluded from the payout calculation — not treated as a violation.
Fees by account size
| Tier | Account size | Fee |
|---|---|---|
| Soldier | $5,000 | $36 |
| Capo | $10,000 | $66 |
| Mad Men | $25,000 | $156 |
| Boss | $50,000 | $289 |
| Don | $100,000 | $529 |
One-time fee to attempt the evaluation. Current pricing always live on Pricing.
EA and bot policy
Personally-owned EAs are allowed, with proof of ownership available on request — a purchase receipt, source code, or a licence in your own name. Third-party or commercial EAs, HFT bots, and arbitrage EAs are banned outright and treated as a serious violation, not a warning.
Profit split and payouts
- Profit split: 80%
- Payout cycle: weekly, in USDT
- Minimum withdrawal: $50
- First payout: after 14 days, plus a minimum of 3 trading days on the funded account
- First 2 payouts: capped at 6% of balance each, then the cap lifts
You never deposit your own capital into the funded account — the evaluation fee is the only money you put in. Everything you earn from that point is paid to you, at your split, in real USDT.
Where this fits against Rapid
If 2-Phase's targets don't match how you trade, 2-Phase Rapid runs tighter (6%/6% targets, 6% max drawdown, 3% daily, 3 minimum trading days, trailing drawdown from day one of the evaluation) in exchange for a 90% split instead of 80%. Full comparison on How It Works.
Quick questions
Is the 10% max drawdown really locked to my starting balance? Yes, during the evaluation. Once you're funded, it becomes trailing end-of-day against your highest balance — same percentage, different reference point.
What happens if I breach the consistency rule after I'm funded? The affected payout cycle is held for review, not terminated. It's a soft-hold, not an account-ending breach.
Can I trade through news events? Yes, with one caveat: profit made within 5 minutes of a high-impact news release is excluded from your payout calculation, not treated as a rule violation.
Do I need to trade every single day? No. There's no time limit on either phase — you just need a minimum of 5 trading days per phase, whenever you choose to take them.
More questions like these are answered in our full FAQ.
Risk disclaimer: Trading forex and CFDs carries real risk and can result in loss of your capital. Prop firm challenges involve fees and don't guarantee funding or income. This isn't financial, legal, or tax advice — see our full Risk Disclosure.