Forex Prop Firm has the largest passing rate of any top prop firms in the prop firm challenge competition industry. The question that arises here is How Many Traders Pass the Forex Prop Firm Challenge? Also, what are the Highest Passing Rates of Challenges in the Industry? Forex Prop Firm is one of the leading prop firms with the highest passing rate of challenges ever seen in the Industry. Read this article to know more about the passing rate of our 2-step challenge model for May, June, and July, and also the passing rate of the 1-step challenge for May, June, and July.
Our Challenge Passing Rates
We think that the most important thing about a firm that every trader must know is how many traders are taking the challenges with the firm. And how many of them are passing the challenges, how many of them are getting funded accounts. And after getting the funded account how many traders are getting paid from that firm? We will first have a look at the statistics for May then we will have a look at the stats for June then after that, we will have a look at the statistics for July.
Statistics in May
So in May Forex Pro Firm removed the stop loss requirement and we made it easy for every single trader to pass the evaluation. A total of 362 people took our two-step challenge account and 551 traders took our One Step Challenge account. In May we only had one two-step challenge model and we are the only firm in the industry that is offering no daily drawdown in our two-step evaluation. During the evaluation phase and in One Step Challenge there is no relative drawdown at all.
However, we are also offering a two-step challenge now with no time limit. Out of 362 traders who took the two-step challenge in May 134 traders passed phase 1 of the challenge. This is a total of 37.01% of the traders passing phase one of the two-step Challenge. And out of these 134 traders who passed phase 1 37 of them passed phase 2 of the Challenge. This means 27.61% of the traders who passed Phase 1 ended up passing Phase 2.
In total in May out of 362 traders who took our two-step challenge 37 Traders or 10.22% traders got the funded account. And out of 551 traders who took over the step funding model 28 people passed the forex-funded account challenge and became funded. Which totals 5.08% of the Traders passing the One Step Challenge in all three months. May was the only month when we had fewer traders passing our one-step challenge. Now let’s talk about how much we paid in May. We funded a total of 65 traders in May and out of them, we paid 17 Traders. We paid the total amount of $101,300 so an average payout for May was $5958.
Statistics in June
For June a total of 498 people took our two-step Challenge and 592 people took our One Step Challenge. Out of 498 traders who took the two-step challenge 212 Traders passed phase one of the challenge. This is a total of 42.57% of the Traders passing phase one of the two-step Challenge. And it’s 5.56% more as compared to May.
Out of these 212 traders who passed Phase One 81 of them passed Phase 2 of the Challenge. This means 38.2% of the traders who passed phase one ended up passing phase two. In total in June out of 498 traders who took the two-step challenge here at forexperform.com 81 Traders or 16.26 of the Traders got the funded account after completing the two-step evaluation. And out of 592 traders who took our one-step funding model 88 people passed the challenge and became funded.
This tells us that 14.86% of the Traders passed the One Step Challenge. In all three months, June was the month when we had the highest number of Traders passing the One Step Challenge. Now let’s talk about how much money we paid in June. We funded 169 traders in June and we paid to Total of 18 Traders. We paid the total amount of $232000 and $600. So an average payout for June was $12,922.
Statistics for July
For July, a total of 1072 people took our two-step Challenge and 1051 Traders took our one-step challenge. Out of 1072 traders who took the two-step challenge 187 Traders passed phase one of the challenge. This is a total of 17.44% of the Traders passing phase one of the two-step Challenge. And out of these 187 traders who passed phase one 71 of them passed Phase 2 of the Challenge. This means 37.96% of the traders who passed Phase One ended up passing Phase Two. In total in July out of 1072 traders who took our two-step evaluation model here at forexperform.com 71 traders or 6.62% of the traders got the funded account after completing the evaluation.
Out of 1051 traders who took our one-step challenge 113 Traders passed the challenge and became funded. Which totals 10.75% of the Traders passing the One Step Challenge. In all three months, July was the month when we had the second-highest number of Traders passing the One Step Challenge. In July, we funded a total of 184 traders and we paid to Total of 27 Traders. And we paid the total amount of $473000. So an average payout for July was $17518.
Conclusion
We just disclosed the statistics that every trader needs to know as we believe that we have the highest passing rate in the prop firm challenge industry. We also told you in this article about the statistics from May to July. Remember that these stats don’t include the month of August. In August, we launched our two-step evaluation model with no time limit. This article tells you all about the statistics of traders passing the challenges, traders getting funded accounts, and traders reaching their first profit split.