Three-Step

Three-step evaluations are less common but some prop firms offer them as an alternative with more accessible requirements at each individual stage. By distributing the process across three phases, each has lower profit targets, which can be more manageable for traders who prefer a gradual, conservative approach.

Although the total process is longer, three-step evaluations can be advantageous for traders who feel pressured by high targets in fewer stages. Individual requirements tend to be more relaxed, with profit targets that can be as low as 3-5% per phase. When evaluating these options, consider whether the additional time compensates for the easier per-phase requirements and whether rules remain consistent throughout all stages.