Aeon Funded $1,000 2-Step Classic Challenge for $5 – Full Rules, Profit Targets & Trading Conditions

The Aeon Funded $1,000 2-Step Classic Challenge is one of the cheapest prop firm challenges available, costing only $5 with the NEWYEAR50 discount code. This account is designed for traders who want to test Aeon Funded’s rules with minimal risk while still accessing real prop-firm conditions.

In this guide, we explain everything specific to the $1K Aeon Funded Classic Challenge, including rules, drawdown limits, profit targets, payouts, and what is allowed or prohibited.

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What Is the Aeon Funded $1,000 Classic Challenge?

The $1,000 Classic Challenge is a two-step evaluation where traders must prove consistency and risk management before receiving a funded account.

Key Account Details

• Account Size: $1,000
• Challenge Type: 2-Step Classic Evaluation
• Discounted Price: $5
• Original Price: $10
• Promo Code: NEWYEAR50
• Time Limit: Unlimited trading days

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Aeon Funded $1K Pricing Breakdown

Cost of the $1,000 Account

• Regular price: $10
• Discounted price: $5
• One-time fee
• No monthly or hidden charges

⚠️ Discount Rule Notice
If an account is purchased with 65% or more discount, the payout per cycle is capped at 2.5% of the account size.

For the $1,000 account:

• Maximum payout per cycle: $25

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Profit Targets for the $1K 2-Step Challenge

Phase 1 Requirements

• Profit Target: 10% ($100)
• Minimum Trading Days: 3 days
• Each day must have at least 0.5% profit ($5)
• Trading days do not need to be consecutive

Phase 2 Requirements

• Profit Target: 5% ($50)
• Minimum Trading Days: 3 days
• Same 0.5% daily profit rule applies

There is no consistency rule, meaning profits can be achieved in any style as long as risk limits are respected.

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Drawdown Rules for the $1,000 Account

Daily Drawdown

• 5% daily loss limit
• Calculated at 01:00 AM UTC
• Based on the higher of equity or balance

Example:

• Daily loss limit: $50
• If equity drops below this level, the account is breached

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Maximum Drawdown (Static)

• 10% maximum loss
• Based on the initial balance
• Maximum allowed loss: $100

⚠️ Falling below $900 equity will fail the challenge.

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Payout Rules for the $1K Aeon Funded Account

When Can You Withdraw?

• First payout: 30 days after first funded trade
• After that: Every 14 days

Profit Split

• Standard: 80% trader / 20% Aeon
• Optional add-on: 95% trader / 5% Aeon

⚠️ Due to the discount, payouts are capped at $25 per payout cycle.

Withdrawal Methods

• Crypto
• Rise
• Bank transfer
• Some payouts processed in under 24 hours

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Trading Conditions for the $1,000 Classic Challenge

Leverage

• Forex: 1:50
• Indices: 1:30
• Commodities & Metals: 1:30
• Crypto: 1:10

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News Trading Rules

Evaluation Phase (Phase 1 & 2)

✅ News trading is allowed
⚠️ Slippage applies and losses count toward drawdown

Funded Stage

❌ No trading 10 minutes before and after high-impact news
❌ No opening, closing, or modifying trades during this window

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What You Can Trade & Hold

• Overnight positions: ✅ Allowed
• Weekend holding: ✅ Allowed
• Crypto weekend trading: ✅ Allowed
• Stop loss: ❌ Not mandatory (recommended)

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Prohibited Strategies on the $1K Account

❌ Expert Advisors (EAs)
❌ Bots or automated trading
❌ Copy trading between evaluation accounts
❌ Tick scalping (minimum hold time: 3 minutes)
❌ High-frequency trading (HFT)
❌ Group hedging or reverse trading across accounts
❌ All-or-nothing trading

Violations may result in profit voiding or account termination.

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Lot Size & Trade Limits

• Maximum lot size per trade: 50 lots
• XAUUSD: 20 lots
• Maximum open trades: 100
• Maximum trades per day: 250

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Platform Options

• TradeLocker
• Platform 5

⚠️ Platform changes are not allowed after placing trades.

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Inactivity Rule

• Account closed after 45 days of no trading
• At least one trade every 45 days is required

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Who Should Choose the $1,000 Aeon Funded Challenge?

This account is ideal for:

• Beginners testing prop firm rules
• Traders wanting low-risk entry
• Strategy testing under real conditions
• Learning drawdown management
• Practicing news trading during evaluation

Final Thoughts

The Aeon Funded $1,000 2-Step Classic Challenge for $5 is a low-cost, low-risk entry into prop trading. While the payout cap limits earnings, it is an excellent practice and rule-testing account before scaling to larger balances.

FAQs – Aeon Funded $1,000 Challenge