Liquid Markets

Promo
High Res promo graphic black background with gold and carbon fibre minimalist forex crypto market quantitative trading elements without any text except for the title '2 Stage' with theme of 2 stages
2 STAGE EVALUATION - Image 2
( 5 out of 5 )

2 STAGE EVALUATION

From: $49

NOW WITH A NEW 5 DAY MINIMUM – The Most Fair 2-Stage Demo Challenge Ever!

Achieve an 8% target in the first stage, followed by a 5% target in the second stage. Experience no broker tricks, zero spreads, and zero slippage.

The Liquid 100 Challenge is fully backed by the Liquid Network Fund, which boasts a 12-year history of timely funding and payouts for traders, white-label prop firms, and peer-to-peer exchange dealers.

Winners are rewarded with a Nitro risk-managed STP broker account, funded by non-winning challenge fees, which cover any drawdowns, along with additional network funds to ensure sufficient margin. Once your account is funded, Liquid has no interest or control over the broker’s STP, ECN, or liquidity providers, eliminating any conflict of interest and ensuring we do not benefit from your failure.

We set evaluation parameters that align closely with real market success. Our unique model allows us to invest all fees collected into supporting the best traders beyond the challenge. We prioritize good trading signals over high fees for demo accounts, which is why we maintain the lowest possible fees.

If you encounter firms that claim to offer real risk capital without rigorous testing, we encourage you to question their high fees and ask for proof of the independent broker accounts they promise. Once you’re ready for a genuine challenge, consider joining Liquid.

After the first 30 days of trading on a real account, traders can request payouts directly from the broker.

We offer raw spreads, unlimited trading time, and access to metals, indices, and crypto. Join us and seize the opportunity to become our fund manager!

Clear
-
+
SKU : N/A
Categories : , , , ,

Additional information

Fee Type

Single Payment
Markets Authorised

Crypto, Majors & Minors & Gold & Indices
Commissions per lot roundturn

Crypto: 0.07%, FX, Metals, Indices: 0.0014%
News Trading

Yes
EA, Bot or Scripts

Authorised
IP or Device Sharing

Unauthorised
Copy Trading

Unauthorised
Weekend positions

Yes
Trader profit share

60% first Payout then 80% subsequent up to 90%
Profit target for withdrawal

1%
Profit target for growth

10%, 100% Growth without withdrawal
Payout Cycle

14 Days, 5 Days for Senior Traders
Refinance

20% reduction in Plan fee
Trading hours

24/7
Starting Balance

$10,000, $100,000, $200,000, $25,000, $50,000, $500,000
Drawdown - Daily Maximum % Limit

5%
Drawdown - Absolute Maximum %

8%
Strategy: Pricing or Laten

Unauthorised
Strategy: Martingale

Unauthorised
Strategy: Hedging

Unauthorised
Strategy: Multi-account hedging

Unauthorised
Leverage Absolute Maximum

1:100
Trading Platform

FXD, MT5

Description

2 Stage Evaluation Agreement

  • I agree that this is a 2 Stage evaluation account and both phases must be passed by achieving the required target for both the 1st and 2nd Stage. I agree that the first evaluation phase requires a profit target of 8% with no rule breaches. The first phase has no time limit.
  • I agree that the second phase requires a profit target of 5% with no rule breaches to be achieved before promotion to a Funded account. The second phase has no time limit.
  • I agree that 2 stage evaluation has a daily drawdown of 5% and a maximum drawdown of 8%. I understand that daily drawdown is calculated based on the equity% (current balance or yesterday’s balance, whichever is higher).
  • I agree that Copy trading and allowing third party trade on the account is prohibited.
  • I agree that I have liberty to trade major, minor, exotic pairs, metals and indices. Exploitation of the system (Arbitrage, Martingale, Hedging, Stacking) is strictly prohibited.
  • Each phase requires a minimum of 5 competitive trading days. A trading day is counted only when profit/loss meets the 0.5% threshold.
  • For the first month of funding, a stop loss must be used within 2 minutes of execution. Risk per position is capped at 1%.
  • I agree that violations lead to forfeiture. Minor unintentional breaches may be penalized by a discretionary fine of maximum 2.5%.
  • I agree that the company reserves the right to terminate the service in cases of bad faith.
  • I agree that I have no title or ownership over any funded account; all funds remain property of the firm.
  • I agree to follow the firm’s directives governing exposure and risk at all times.

The Fairest 2-Stage Demo Challenge in History

Welcome to the most transparent demo challenge available. With targets of 8% (Phase 1) and 5% (Phase 2), we promise no broker tricks, zero spreads, and no slippage.

The Liquid 100 Challenge is fully backed by the Liquid Markets network fund, with a 12-year history of private funding.

TRADING RULES

Minimum Trading Days: A minimum of 5 trading days is required per phase. Practice good risk management. A trading day is counted if profit or loss is at least ±0.5% of the account balance.

The Evaluation Process

The Liquid 100 is a 2-stage evaluation. Targets must be hit without rule breaches.

  • First Phase: 8% Profit Target. No time limit.
  • Second Phase: 5% Profit Target. No time limit.

Expert Advisers & Robot Usage

EAs are allowed unless used for: Copy trading, Tick scalping, Hedging, Stacking, Martingale, or Arbitrage. Violations result in immediate forfeiture.

Funded Account & Payouts

Traders can receive up to 90% of profits. Payout schedule is every 14 days (5 days for Senior Traders). For the first month of funding:

  • Stop Loss required within 2 minutes of trade execution.
  • Max 1% risk per position.
  • First withdrawal: 60% split + 100% fee refund. Subsequent: 80% to 90%.

Drawdown Rules

Daily Loss Limit: 5% | Max Drawdown: 8%

Example Calculation:

1. Today’s Balance: $10,500
2. 5% Risk Limit: $10,500 x 0.05 = $525
3. Equity Minimum: $10,500 – $525 = $9,975
——————————————
RESULT: Do not let equity drop below $9,975.

Refund Policy

Traders who pass both phases receive a 100% fee refund at the first profit-split event. Refunds are processed via the original payment method within 7 days.

Unauthorized Behavior

No cheating allowed. Forbidden practices include: exploiting delayed feeds, HFT, gap trading, and latency arbitrage. Liquid Markets reserves the right to terminate services for risky strategies or bad faith.

© 2026 Liquid Markets | All Rights Reserved | Trading involves significant risk.

Related products

Promo
House Accounts

INSTANTLY FUNDED

From: $300
Promo
Academy

1 STAGE EVALUATION

From: $120
High Res round promo graphic black background with 2 gold and carbon fibre minimalist forex crypto market quantitative trading portals at both sides with a flow of quantum style particles representing the flow of money and data and ideas from one to the other. Add the words Liquid Markets correctly spelt to make it a corporate logo for a liquidity provider company callled Liquid, do not put any other text or numbers
Promo
Academy

3 PHASE CHALLENGE

From: $50
How can I help you?