Best $500k 2-Step Flex Prop Firm Account for $499 in 2026

Direct answer: Next Level Funded lists its $500k 2-Step Flex prop firm account at a current displayed price of $499. The prop trading challenge has a 6% profit target in Phase 1 and a 6% profit target in Phase 2, alongside an 8% overall drawdown limit and a 4% daily drawdown limit. It may be worth considering if those account-size and trading-rules parameters match the way you plan and control risk. Check the current terms before checkout.

$500k 2-Step Flex account at a glance

A large account size does not remove the need for a precise plan. The listed $500k 2-Step Flex route is a two-phase prop trading challenge: the two displayed profit-target figures correspond to the two phases. Before focusing on the account size, place the targets and drawdown rules at the center of the decision. They define the objectives to complete and the risk boundaries that remain relevant while trading.

The account page currently displays a $499 price. That is a displayed price at the time of this draft, not a statement about market-wide pricing or a promise that it will remain available. It is sensible to review the selection page and current terms immediately before choosing an account.

Current displayed rules for the $500k 2-Step Flex prop firm account

Rule or feature	Displayed value	What to take into account
Account size	$500k	The selected account size.
Current displayed price	$499	Confirm the current terms before checkout.
Profit target	6% / 6%	A 6% objective is displayed for each phase of the two-step evaluation.
Overall drawdown	8%	Reaching or exceeding the maximum total drawdown breaches the account.
Daily drawdown	4%	This is the maximum loss permitted during a trading day.
Consistency	None	No consistency requirement is shown for this Flex model.
Minimum trading days	None	No minimum number of trading days is required before the evaluation can be completed.
Payouts	On-Demand	Eligible reward requests are available on demand, subject to the applicable terms and review process.
News trading	Allowed	Other account risk limits continue to apply.
Weekend holding	Allowed	Other account risk limits continue to apply.
Funded-stage minimum trades	10	The listed funded-stage requirement is 10 minimum trades.
Floating PnL condition	2%: Yes	A displayed 2% floating profit-and-loss condition applies during the funded stage.
Minimum hold rule	2 minutes: Yes	A position must be held for at least two minutes under the funded-stage rule.
Expert Advisors	Allowed	Expert Advisors are allowed, subject to the account rules.

How to read the two-step objectives and drawdown rules

For this account, “6% / 6%” is not one combined target. It is a 6% profit objective for each of the two phases. That distinction matters when mapping out a prop trading challenge: a plan should address the first phase and the second phase rather than treating the evaluation as a single target.

Keep both drawdown limits in view

Drawdown rules are just as important as the upside objective. The 8% overall drawdown is the maximum total drawdown permitted; reaching or exceeding it breaches the account. The separate 4% daily drawdown is the maximum loss permitted during a trading day. A trade idea that appears acceptable in isolation still needs to fit inside both boundaries. Because news trading and weekend holding are allowed, those permissions do not replace the daily or overall risk limits.

There is no displayed consistency requirement and no displayed minimum number of trading days before the evaluation can be completed. Those points may affect how a trader schedules activity, but they do not eliminate the need to follow every listed trading rule.

Who this $500k prop firm account may suit

This account may suit a trader who specifically wants a $500k account size and prefers a two-step evaluation with the displayed 6% objective in each phase. It may also be relevant to someone whose approach could require holding positions over a weekend or trading news, since both are listed as allowed while all other risk limits continue to apply.

It may be a fit for a trader who uses Expert Advisors, because EAs are listed as allowed subject to the rules, or for someone who wants the flexibility of no displayed minimum trading days before completing the evaluation. For funded trading, the same person should be prepared to meet the listed 10 minimum trades, 2% floating PnL condition, and two-minute minimum holding rule.

Suitability is personal rather than automatic. The right account size is the one whose daily-loss limit, total drawdown, objectives, and funded-stage requirements a trader can understand and manage within their own approach.

Rule trade-offs to weigh before choosing

The appeal of a $500k account size should be balanced against the operating rules. The evaluation consists of two phases, each with a 6% target. There is no displayed minimum trading-day requirement, but the account still has a 4% daily drawdown and an 8% overall drawdown. Moving quickly is therefore not a substitute for keeping risk inside both limits.

Likewise, allowed news trading and weekend holding may align with some trading plans, yet they carry no exception to the drawdown rules. EAs are allowed, but only subject to the account rules. In the funded stage, the 10 minimum trades, 2% floating PnL condition, and two-minute hold rule are practical requirements to factor into a method before relying on it.

The listed 100% rewards split and on-demand payouts are also important to read accurately. The 100% figure is the displayed share of eligible rewards paid to the trader under the model. On-demand means eligible reward requests are available on demand, subject to the applicable account terms and review process; it is not a guarantee of a payout or of eligibility.

How to select a $500k 2-Step Flex account

1. Open the Next Level Funded trading options and locate the 2-Step Flex $500k account.
2. Confirm that the displayed price is $499 and review the current terms before checkout.
3. Check that you understand the two 6% evaluation targets, the 8% overall drawdown, and the 4% daily drawdown.
4. Match your intended trading method to the listed permissions and funded-stage conditions, including news trading, weekend holding, EAs, 10 minimum trades, the 2% floating PnL condition, and the two-minute hold rule.
5. Choose only if the account size and rules suit your own risk plan.

Risk and terms note

Prop trading involves risk, and meeting a profit target is not assured. Reaching or exceeding the listed overall drawdown limit breaches the account, while the daily drawdown limits losses permitted during a trading day. Eligibility for on-demand reward requests remains subject to applicable terms and review. This article summarizes the current displayed details for the $500k 2-Step Flex account only; it does not replace the applicable account terms. Review all current terms, rules, and displayed pricing before checkout.