Your skill, hallmarked.
Prove your skill on a simulated account. Pass the challenge, then qualify for rewards of 80% on your simulated profit.
One fee, paid once. All Sterling Pips accounts are simulated (demo) accounts, so your own capital is never traded.
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
3Add-ons (optional)
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
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.
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
This follows the plan you picked above.
- 1
Pay one fee
$500, paid once.
- 2
Step 1
Reach 10% and trade at least 5 days, inside the loss limits.
- 3
Step 2
Reach 5% and trade at least 5 days, inside the loss limits.
- 4
Funded account
A simulated funded account with no minimum days. Rewards are calculated at 80% of your simulated profit.
- 5
Request a payout
ID check and rule compliance required. Next withdrawal after 5 days, up to 5 payouts per account.
- 1
Pay one fee
$500, paid once.
- 2
The challenge
Reach 10% and trade at least 5 days, inside the loss limits.
- 3
Funded account
A simulated funded account with no minimum days. Rewards are calculated at 80% of your simulated profit.
- 4
Request a payout
ID check and rule compliance required. Next withdrawal after 5 days, up to 5 payouts per account.
News windows
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.
What we are
- A trading evaluation
- Simulated (demo) accounts
- A commercial brand. FX-EDGE V Ltd operates the programs
What we are not
- A broker
- An investment adviser
- A portfolio manager
- A holder of your funds
Rules
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
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.
BasicsWhat 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.
RulesTwo-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.
Who runs the challenges?
The programs are operated by FX-EDGE V Ltd, which provides the trading environment, risk systems and accounts. Sterling Pips is the commercial brand and the team that supports you.
Which platform do I trade on?
Match-Trader, 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.
Ready when you are
Two-step or one-step, from 10K to 100K, with the rules stamped up front.
See the challenges