Eiger sells three programs, and they differ in two places only: how many evaluation steps you trade, and when you pay the fee. The profit target per step, the loss limits, the reward and the funded rules are the same on all three.
Key takeaways
- The 2-Step Challenge has two steps at 5% each. The 1-Step Challenge and Pay After You Pass have one step at 5%.
- All three use a 5% max daily loss and a 12% max overall drawdown while you evaluate, with no time limit.
- Pay After You Pass costs the same full fee as the 1-Step, but only part of it is due at checkout.
- After passing, every program opens the same funded Simulated Demo Trading Account with an 80% reward.
What does each program look like side by side?
This table comes straight from the programs section of the home page and the trading rules. Where a row says the same thing three times, that is the point: the rule does not change with the program.
| Steps | 2 / 1 / 1 | 2-Step Challenge, 1-Step Challenge, Pay After You Pass. |
|---|---|---|
| Profit target | 5% | Per step, measured on the account size. The 2-Step needs it twice. |
| Max daily loss | 5% | While evaluating, on every program. |
| Max overall loss | 12% | While evaluating, on every program, trailed from peak equity. |
| Paid at checkout | From €60 | 2-Step from €60, 1-Step from €98, Pay After You Pass from €12.74. |
| Rest of the fee | PAYP only | Due after you pass, with no deadline. The two Challenges are paid once, in full. |
| Time limit | None | On any step of any program. The 5-day inactivity rule still applies. |
| Restart | Half price | Once, if the first step ends by a breach or by inactivity. Half the full fee. |
| Reward | 80% | On the simulated profit of the funded account. |
What is actually different between them?
The number of steps. On the 2-Step Challenge you reach 5% of the account size in Step 1, then do it again in Step 2. Each step has its own minimum of 5 trading days and 5 closed trades, so the 2-Step asks for that minimum twice. The 1-Step and Pay After You Pass have one step, so the minimum is 5 trading days and 5 closed trades in total.
The fee. The 2-Step has the lowest one-time fee at every size. The 1-Step costs more and is paid once. Pay After You Pass uses the 1-Step fee but splits it: 13% at checkout on the 10K size, 10% on the 25K, 20% on 50K and up, and the rest only if you pass.
When the funded account opens. On the two Challenges it opens when you pass. On Pay After You Pass it opens on the day the rest of the fee is paid, and there is no deadline to pay it. The 14-day wait before a first payout request starts on the day the funded account opens, so on PAYP it starts when you pay.
That is the whole list. Nothing else in the rule book depends on which program you bought.
A worked example on a €50,000 account
Here is the same €50,000 size on each program, using the fees on the home page today.
| 2-Step Challenge | €240 | Paid once. Target €2,500 in Step 1, then €2,500 in Step 2. |
|---|---|---|
| 1-Step Challenge | €390 | Paid once. Target €2,500 in one step. |
| Pay After You Pass | €78 | At checkout (20% of €390). €312 more only after you pass. Target €2,500 in one step. |
The loss limits are identical in all three rows. On €50,000 the 5% daily limit is €2,500 and the 12% overall limit is €6,000, trailed from peak equity. What you pay, and when, is the only thing that changes between the rows.
If you do not pass, what you are out differs: €240 on the 2-Step, €390 on the 1-Step, €78 on Pay After You Pass, because on PAYP nothing more is owed. If you do pass on PAYP, you pay the €312, and the €78 paid at checkout is refunded with your first reward.
What stays the same after you pass?
Everything. The site says passing opens a funded account governed by exactly the rules and terms on the trading rules page, whichever program got you there. The drawdown tightens to 3% daily and 6% overall, trailed from peak equity, and the payout conditions start to apply. The reward is 80% on all three. The platform is eTrader on all three. The details of that change are in what changes after you pass.
A breach fails the account on any program, with no warnings and no partial penalties. Rules are checked automatically against your trade history.
Who does each program suit, according to the site?
The site answers this in its FAQ in three lines. Pay After You Pass if you want the smallest start. The 2-Step if you want the lowest one-time fee. The 1-Step if you want one phase and to pay once.
That is a description of trade-offs, not a recommendation. Two steps means reaching the target twice under the same limits. One step means paying more. Paying later means the full 1-Step fee in the end, split in two. Which trade-off matters to you depends on your own trading, and we will not guess at that. The longer version is in which program should you pick, and each program has its own page: the 2-Step Challenge and Pay After You Pass.
The program decides how you pay and how many steps you trade. The rule book is the same for all three.
Frequently asked questions
Are the loss limits different on the 2-Step Challenge?
No. All three programs use a 5% max daily loss and a 12% max overall drawdown during the evaluation. The funded limits of 3% and 6% are also the same on all three. See the trading rules.
Is Pay After You Pass a different evaluation from the 1-Step?
No. It is the same one-step evaluation with the same full fee. Only the way you pay changes: part at checkout, the rest after you pass.
Does any program have a time limit?
No. There is no deadline on any step of any program. The only clock is the inactivity rule: more than 5 days (full 24-hour periods, weekends included) without opening or closing a trade fails the account.
Is the reward higher on one program?
No. The reward is 80% on every program and every account size, set at purchase and fixed for the life of the account.
Can I restart on every program?
Yes. If the first step of any program ends by a breach or by inactivity, you can restart that same account once, at half the full fee for its size. On Pay After You Pass that is half the full 1-Step fee, €367.50 on the 100K, and the rest of the Pay After You Pass fee is still due once you pass.
Read the rules, then pick a program
Every rule that can fail an account is published in full before you pay. Three programs, five sizes, an 80% reward and no time limit on any step.