Quick answer: Step 1 is 10%, Step 2 is 5% — each in closed profit with no open positions, each alongside 3 minimum trading days.
Step 1 — 10%
On $100,000: $10,000 closed profit, balance $110,000, no open positions.
Step 2 — 5%
Calculated on the starting balance of that phase. On $100,000: $5,000 closed profit, balance $105,000, no open positions.
Only realised profit counts in both steps. Both steps run under the 5% daily and 10% static maximum drawdown.
The free retry
Pass Step 1 and fail Step 2, and you get one free retry of the challenge — no new purchase. One per trader, only after a Step 2 failure, all standard rules apply.
See also: Maximum Drawdown – Pro (Static) · Refund of Pro Challenge Fee Explained