Best $400k 2-Step Flex Prop Firm Account for $399 in 2026

Direct answer: Next Level Funded lists its 2-Step Flex $400k prop firm account at a current displayed price of $399. The account shows a 6% / 6% profit target, 8% overall drawdown, 4% daily drawdown, 100% rewards split, and no listed consistency or minimum-trading-day requirement. Check the current terms before checkout.

What the 2-Step Flex $400k account offers

A $400k account size can make the rules of a prop trading challenge feel especially important: the stated percentage limits apply to a larger displayed account size, so planning position risk and daily exposure deserves deliberate attention. This 2-Step Flex option is structured around two displayed 6% profit targets rather than a single target. That format may appeal to a trader who prefers to evaluate each phase as a separate objective while keeping the same core risk limits in view.

The current displayed price is $399. Price is only one part of comparing a prop firm account. A more useful comparison puts the price beside the evaluation structure, drawdown rules, permitted trading activity, and the conditions that apply at the funded stage. On the current listing, the $400k 2-Step Flex account shows 8% overall drawdown and 4% daily drawdown, alongside a 100% rewards split. Eligible reward requests are shown as on-demand, subject to the applicable account terms and review process.

For a trader researching funded trading, the important question is not simply whether the account size is large. It is whether the operating rules fit the way that trader enters, manages, and exits positions. The table below brings the displayed terms together so they can be reviewed before making a selection.

Current displayed rules for the $400k 2-Step Flex account

Current displayed rules for the Next Level Funded 2-Step Flex $400k prop firm account

Rule or feature	Current displayed term
Account size	$400k
Current displayed price	$399
Profit target	6% / 6%
Overall drawdown	8%
Daily drawdown	4%
Rewards split	100%
Consistency requirement	None
Minimum trading days	None
Payouts	On-Demand
News trading	Allowed
Weekend holding	Allowed
Minimum trades at the funded stage	10
2% floating PnL condition at the funded stage	Yes
Two-minute hold rule at the funded stage	Yes
Expert Advisors	Allowed

Who this prop firm account may suit

This account may suit a trader who wants a two-step prop trading challenge with two displayed 6% objectives and who is comfortable working within stated drawdown rules. The absence of a listed consistency requirement may be relevant to traders who do not want their approach framed around a consistency threshold. Likewise, no listed minimum trading days may suit someone who does not want a calendar-based minimum to determine when the evaluation can be completed.

It may also be relevant to traders whose plans can involve scheduled announcements or holding positions beyond Friday, because news trading and weekend holding are both listed as allowed. Those permissions do not replace risk controls: the daily and overall drawdown limits still matter when volatility or open exposure increases. Traders using systematic methods may also note that Expert Advisors are listed as allowed, subject to the account rules.

A $400k displayed account size is not automatically the right fit for every trader. A useful starting point is whether the trader can set an appropriate risk amount per idea, follow a daily stop process, and meet the two phase targets without treating the drawdown allowances as a goal. The right account is the one whose terms a trader can follow consistently, not merely the largest size available.

Rule trade-offs to consider before starting

Two phases require a repeatable process

The 6% / 6% profit target is shown for the two phases of this model. Splitting the objective can help a trader focus on one stage at a time, but it also means a trading process must be repeatable across both stages. Before beginning, consider whether your setup has defined entry criteria, a loss limit for the day, and a plan for periods when conditions do not match the strategy.

Drawdown room is a limit, not a risk budget

The account lists 8% overall drawdown and 4% daily drawdown. Reaching or exceeding an applicable drawdown limit breaches the account, according to the displayed rule descriptions. A practical approach is to decide in advance how a normal losing trade, a sequence of losses, and any correlated positions would affect the daily limit. This keeps trading rules connected to actual position management rather than reviewed only after a loss.

Funded-stage details still need attention

The listing shows 10 minimum trades at the funded stage, a 2% floating PnL condition, and a two-minute hold rule. These details matter alongside the headline reward split and on-demand payout availability. A trader whose normal style uses very short holding times, for example, should account for the two-minute requirement before selecting the account. Similarly, reward requests remain subject to applicable terms and the review process.

How to select this account deliberately

1. Review the displayed 6% / 6% targets and write down how your strategy would pursue each phase without exceeding its risk limits.
2. Translate the 4% daily and 8% overall drawdown rules into a personal risk plan that includes open positions and potential losing streaks.
3. Confirm that the listed permissions and funded-stage conditions, including news trading, weekend holding, 10 minimum trades, the 2% floating PnL condition, and the two-minute hold rule, match your method.
4. Visit the Next Level Funded trading options to review the current selection and terms before checkout.

Risk and terms note

Prop trading involves risk, and meeting a profit target is not assured. A $400k account size does not remove the need for risk management, and drawdown rules can be breached if their limits are reached or exceeded. The $399 figure and all rules in this article are current displayed terms from the supplied account listing at drafting; they may change. Review the current account terms carefully before checkout, including the conditions applicable to rewards, payout requests, permitted activity, and the funded stage.

This overview is educational and intended to help compare the displayed 2-Step Flex $400k account terms. It is not financial, investment, or trading advice.