Challenge types
Three paths. One standard of rules.
FundedSmart offers Instant, One Step, and Two Step simulated trading evaluations for Indian Markets (INR). Transparent loss limits are published upfront and vary by plan — pick the journey that fits you.
All FundedSmart evaluations take place in a simulated trading environment. Passing an evaluation does not guarantee rewards. See our Risk Disclosure for full details.
Instant Account
Skip evaluation — start on funded-stage simulated account and complete at least 4 profitable trading days (subject to plan rules).
One Step Evaluation
Single evaluation phase before funded stage. 10% profit target, 4 minimum trading days.
Two Step Evaluation
Two evaluation phases before funded stage. 8% then 5% profit targets.
What is a FundedSmart challenge?
A FundedSmart challenge is a simulated trading evaluation — not a live brokerage account and not an investment. You pay a challenge fee (service fee) to access a simulated account sized to your chosen tier. Trade under published rules. Meet your plan's targets without breaking loss limits. Progress to the funded stage.
Indian Markets evaluations focus on NIFTY, BANKNIFTY, FINNIFTY, and Sensex, plus related Indian F&O symbols available in the simulated dashboard. See Indian Markets for the pillar overview. Exact contracts can vary — see Trading Rules and confirm via Contact if needed.
Choose your plan
| Plan | Best for | Journey | Profit target | Min trading days |
|---|---|---|---|---|
| Instant (Instant Funded) | Experienced traders who want funded-stage access immediately | Purchase → Funded stage | None | 4 profitable days |
| One Step | Traders who want a single evaluation before funded | Purchase → Evaluation → Funded | 10% | 4 |
| Two Step | Traders who want a two-phase verification path | Purchase → Phase 1 → Phase 2 → Funded | 8% then 5% | 4 per phase |
Loss limits vary by plan — max drawdown and daily loss depend on your plan (daily loss is equity-based, resets midnight UTC) · 30-day inactivity expiry · same prohibited activities. See Trading Rules.
| Plan | Max overall drawdown | Daily loss limit (equity-based) |
|---|---|---|
| Instant | 5% trailing | 3% |
| One Step | 8% static | 4% |
| Two Step | 10% static | 5% |
Instant (Instant Funded)
Purchase → Funded Stage (simulated)
Skip evaluation phases. Start on a funded-stage simulated account from day one.
| Rule | Instant |
|---|---|
| Profit target | None |
| Max drawdown | 5% trailing |
| Daily loss limit | 3% equity |
| Min trading days | 4 profitable days |
| Consistency | None |
| Time limit | N/A — stay active (30-day inactivity) |
Rewards may be available per Rewards Policy — not guaranteed. Overview: Rewards.
One Step Evaluation
Purchase → Evaluation (10%) → Funded Stage
Prove your edge in a single evaluation phase, then progress to funded.
| Rule | Evaluation | Funded |
|---|---|---|
| Profit target | 10% | None fixed |
| Max drawdown | 8% static | 8% static |
| Daily loss limit | 4% equity | 4% equity |
| Min trading days | 4 | — |
| Consistency | None | None |
| Time to pass | Unlimited | — |
Two Step Evaluation
Purchase → Phase 1 (8%) → Phase 2 (5%) → Funded Stage
| Stage | Profit target | Min trading days |
|---|---|---|
| Phase 1 — Evaluation | 8% | 4 |
| Phase 2 — Verification | 5% | 4 |
| Funded Stage | None fixed | — |
Two Step max drawdown is 10% static on every stage. Consistency rule: None.
There is no hard deadline to pass — take the time you need. 30 consecutive days without opening a trade expires the account.
Account sizes
Choose your simulated account size on Pricing:
- Indian Markets (INR) — from ₹1 Lakh to ₹1 Crore simulated tiers
Percentage rules are the same on every tier — only the simulated balance scales.
Every figure is a simulated balance in a demo-style environment — not real capital allocated to you.
Important: news trading is not allowed
News trading is prohibited at every phase — Instant, One Step, Two Step evaluation, and funded stage.
You may not open or close trades from 2 minutes before through 5 minutes after high-impact news events. This is a published restriction on every plan and phase — read Trading Rules before you buy.
Pass criteria (by plan)
One Step (evaluation phase)
You must simultaneously:
- Reach the phase profit target (10%)
- Complete minimum trading days (at least one trade opened per UTC server day)
- Never breach 8% max overall drawdown (static)
- Never breach 4% daily loss limit (equity-based, resets midnight UTC)
- Follow all trading rules
Two Step (evaluation phases)
You must simultaneously:
- Reach the phase profit target
- Complete minimum trading days (at least one trade opened per UTC server day)
- Never breach 10% max overall drawdown (static)
- Never breach 5% daily loss limit (equity-based, resets midnight UTC)
- Follow all trading rules
Instant
Stay within Instant loss limits (5% trailing max drawdown · 3% daily loss) and follow all trading rules from day one. Minimum requirement: 4 profitable trading days. Consistency rule: None.
If you don't pass
| Outcome | What happens |
|---|---|
| Hard breach (drawdown, daily loss, prohibited activity) | Account failed — purchase a reset to try again |
| Inactivity (30 days, no trades opened) | Account expired |
| Policy violation (copy trading, arbitrage, etc.) | Permanent ban — see Rules |
What's included
Every challenge fee includes:
- Access to the simulated trading platform via app.fundedsmart.com
- Published rules for your plan type
- Phase progression on pass (where applicable)
- FundedSmart Academy educational content
What's not included
- Free retries — not offered at launch
- Live brokerage accounts — evaluations are simulated only
- Guaranteed rewards — see Rewards Policy