2-Step, 1-Step or Instant funding?

Greenwick offers three ways to get funded on the Indian stock market: a 2-Step challenge, a 1-Step challenge and Instant funding. In the 1-step vs 2-step challenge decision, you are trading wider loss limits and a lower price against a faster, single target. Instant funding in India skips the test altogether but asks for a higher fee and tighter limits. This page sets out exactly how each one works, what it costs, and who it suits.

All three plans use simulated capital priced off live NSE, BSE and MCX data. Rewards are paid from Greenwick's own funds based on your simulated performance. Greenwick is not a broker or an investment adviser, and trading involves risk. With that understood, here is how the plans differ.

01How the 2-Step challenge works

A 2-step challenge is an evaluation in two phases, each with its own profit target, that you must pass in sequence before receiving a funded account.

In Phase 1 you need to make 8% on the account. In Phase 2 you need 5%. Phase 2 opens automatically once Phase 1 is passed, so there is no second purchase and no wait. Each phase needs at least 5 trading days, and there is no time limit on either.

The loss limits are the most forgiving of the three plans. The daily loss limit is 4% of the account, and the max loss is 8% static, meaning the floor is fixed at the start and never moves, however much profit you make. On a ₹10L account that floor sits at ₹9,20,000 on day one and is still ₹9,20,000 after you are up ₹1L.

Once funded, the profit split starts at 80% and can rise to 90% through scaling. You can request a payout every 14 days, or weekly on ₹10L and larger accounts.

02How the 1-Step challenge works

A 1-step challenge is a single evaluation phase with one profit target; hit it within the rules and you are funded.

The target is 10%. That is less in total than the 2-Step's combined 8% plus 5%, and you only have to prove yourself once. The price for that speed is tighter risk: a 3% daily loss limit and a 6% static max loss. On ₹10L, you can lose ₹30,000 in a day and ₹60,000 overall before the account closes. The minimum is 5 trading days, with no time limit.

Funded terms match the 2-Step: an 80% split rising to 90%, the same payout schedule, and the fee refund on ₹10L and above.

03How instant funding works in India

Instant funding is a funded account from day one, with no evaluation and no profit target.

You buy the account and start trading for payouts immediately. Because there is no test, the guard rails sit closer. The daily loss limit is 2%. The max loss is 5% and trailing: it moves up with your highest equity, then locks permanently once it reaches the starting balance. On a ₹10L Instant account the floor starts at ₹9,50,000. If your equity peaks at ₹10,20,000, the floor rises to ₹9,70,000. Once equity has touched ₹10,50,000, the floor locks at ₹10,00,000 and stays there. Our guide to trailing and static drawdown walks through this step by step.

Instant also asks for at least 7 profitable days per payout cycle, applies a 30% consistency cap instead of 40%, and starts the split at 70%, rising to 80%. It is available in ₹5L, ₹10L and ₹25L, not ₹50L.

041-step vs 2-step challenge vs Instant: full comparison

Every number below comes from the published rules. The full wording, including payout-only rules such as the news window and expiry-day restriction, is on the rules page.

Across all three, loss limits are measured on equity, so open P&L counts. The daily loss floor resets at 09:15 IST from the previous day's closing balance. Instruments are the same on every plan: NSE index options and futures, NSE stocks, SENSEX and BANKEX on BSE, and MCX commodities.

05Challenge prices: founding vs list

All prices are in rupees and include GST. The founding price applies to the first 500 traders; after that, list price applies. Payment is by UPI. Current availability is shown on the pricing page.

Format: founding price / list price.

06Cost per lakh of buying power

Headline prices are hard to compare across sizes. A cleaner measure is the fee divided by the number of lakhs in the account. For example, the ₹10L 2-Step at the founding price is ₹10,999 ÷ 10 = roughly ₹1,100 per lakh.

Figures are rounded to the nearest ₹10.

Two things stand out. Larger accounts are cheaper per lakh on every plan. And Instant costs roughly twice as much per lakh as the 2-Step at the same size. That premium buys you time, not more room: Instant's loss limits are actually the tightest.

With Instant you are paying to skip the test, not to get more room to be wrong.

07Worked ₹10L examples for each plan

The same trader, the same ₹10L size, three plans. Each example assumes founding prices and a funded payout cycle with ₹60,000 net profit. These are illustrations of the arithmetic, not a forecast of results.

The 2-Step and 1-Step ask you to earn the funded account first, then pay you more per rupee of profit. Instant pays you from the first cycle but keeps a larger share for Greenwick and does not return the fee. Over several cycles, the 10-point split difference matters more than the fee.

08Which plan suits which trader

If you are unsure how your own numbers compare, our article on position sizing for funded traders shows how to measure your typical and worst daily loss before you buy.

09Instant funding misconceptions

"Instant means easier"

It means faster, not easier. With a 2% daily limit and a 5% trailing max loss, Instant has the least room for error of any plan. A trader who could pass a 2-Step comfortably may still struggle to keep an Instant account open.

"The trailing floor follows me forever"

It does not. The floor trails your highest equity only until it reaches the starting balance, then locks permanently. On ₹10L, once equity has reached ₹10,50,000, your floor is ₹10,00,000 for good. After that point, a trailing account behaves much like a static one, with the floor at your original balance.

"An unrealised spike does not count"

It does. The floor moves up with your highest equity, and equity includes open P&L. If an option position briefly shows ₹30,000 open profit on a ₹10L Instant account, the floor rises from ₹9,50,000 to ₹9,80,000, even if you never book that profit.

"No target means no rules"

Instant still has all five hard rules, plus payout conditions: 7 profitable days per cycle and a 30% best-day cap. These do not close the account, but they decide when a payout can be released.

10How to choose a challenge in 5 questions

1. What is your worst normal day?

   Look at your last three months. If your worst ordinary day is more than 2% of the account size you plan to trade, Instant is not for you. If it is above 3%, lean towards the 2-Step.

2. How often do your days end green?

   Instant needs at least 7 profitable days per payout cycle. If you trade a few big setups a month, the 2-Step or 1-Step fits better.

3. How concentrated is your profit?

   If one or two days usually make most of your month, the 30% consistency cap on Instant will delay payouts. The 40% cap on funded 2-Step and 1-Step accounts is more forgiving.

4. Do you trade on open P&L swings?

   Short options and wide stops create large intraday equity moves. Static floors and wider daily limits tolerate this better than a 2% limit with a trailing floor.

5. What is the total cost over a year?

   Compare fee, split and refund together. A 2-Step at 80% with the fee returned on ₹10L+ often costs less over time than Instant at 70%, even though it takes longer to reach the first payout.

Whichever plan you pick, the rules you buy are the rules you keep: any later rule change applies only to accounts bought after it. Before your first trade, read how to pass a prop firm challenge, and if you are choosing between paths after funding, see how profit split and payouts work.