The short answer
Two Step on perpetuals is a two-phase evaluation. Reach 6% in phase one, then 4% in phase two, whilst staying inside the risk limits. There is no time limit and no minimum number of trading days, and the 8% floor is static: it never moves.
Once funded, you keep 90% of your profit. You trade more than 120 perpetual markets on the Trust terminal, open 24/7, with the same rules as Two Step on a Markets account.
Like every UZO account, it is simulated: you trade a simulated balance against real, live prices from Hyperliquid, and your rewards are real. New to perpetuals? Start with What are UZO Perpetuals?.
The two profit targets
Phase | Target | On a $10,000 account |
Phase one | 6% | $600 |
Phase two | 4% | $400 |
Pass phase one and phase two begins with a fresh balance at the same account size. Pass phase two and the funded account follows.
No time limit, no minimum days
There is no time limit and no minimum number of trading days. Pass in a day or over several months, provided the account stays active (see Inactivity below).
The risk limits
Three limits protect the account. Breaking any one of them ends the account.
Rule | Limit | What it means |
Daily drawdown | 4% | The most your equity may fall within one day. It resets at 00:00 UTC. |
Maximum drawdown | 8% static | Your overall floor, fixed 8% below your starting balance. It never moves. |
Single-trade loss | 3% | No single trade may lose more than 3% of your account size, on the funded account only. |
Daily drawdown: at 00:00 UTC, the higher of your equity and balance becomes the day's reference, and your equity may not fall more than 4% below it. If the day opens at $10,000, that day's floor is $9,600.
Maximum drawdown: on a $10,000 account the floor sits at $9,200 and stays there, however far your equity climbs. Every gain widens the distance between your equity and that floor.
Single-trade loss: on a $10,000 account, no single position may lose more than $300 once you are funded.
All three are measured on your equity, so the floating profit or loss of open positions counts in real time. On perpetuals, funding payments and trading fees move your equity too, so they count as well.
What is different on perpetuals
Markets open 24/7. There is no weekend close, but the daily drawdown still resets at 00:00 UTC, in the middle of a live market. See Markets that never close: trading perpetuals 24/7.
Leverage is set per market. From 2x to 25x depending on the market, with 10x on BTC, ETH and SOL, rather than 1:100. See Leverage and margin on perpetuals.
Funding and fees count. Funding settles every hour and trading fees apply to every fill, and both move your equity. See Funding rates, explained and Fees and how your order fills.
Sizes go to $400K. Perpetuals accounts run from $10K to $400K.
At a glance
What you get | Two Step on perpetuals |
Structure | 2 phases, then funded |
Profit target | 6% then 4% |
Daily drawdown | 4% |
Maximum drawdown | 8% static |
Single-trade loss | 3% (funded) |
Time limit | None |
Reward share | 90% |
Leverage | Set per market, 2x to 25x |
Account sizes | $10K, $25K, $50K, $100K, $200K, $400K |
Terminal | Trust, at trust.uzo.com |
The price for each size, in USD, EUR or GBP, is shown in the account picker on uzo.com before you buy.
Your funded account and rewards
Once you pass, your funded account runs on the same limits as above. You keep 90% of the profit you make and UZO keeps 10%.
You need at least 1% in closed profit before your first reward request, measured on your original account size.
The 20% Best Day Rule applies: no single day may account for more than 20% of the profit in a reward request. It never ends the account, it only holds a request until the profit is spread more evenly.
All positions must be closed when you request, and your identity must be verified.
See Reward structure: caps, tiers and how much you can withdraw for how much each reward can be.
Inactivity
An account with no trading for 35 consecutive days is closed for inactivity. Place a trade within each 35-day window and the clock starts again.
The usual UZO rules apply
Perpetuals accounts sit under the same trading rules as every UZO account, including the framework on prohibited strategies. Read What trading strategies are prohibited at UZO? before your first trade.
Where to go next
The Two Step walkthrough for Markets accounts covers the same rules in more depth: How the Two Step challenge works. For all three perpetuals accounts side by side, read Perpetuals accounts: the complete rules.
Need help?
Message us through live chat, or write to [email protected].