We invented this. When we launched Obsidian in 2025, no other prop firm had a 4-phase challenge. We were first.
Why 4 phases? More phases = smaller targets per phase. The smallest individual targets in our lineup.
No time limit. No minimum trading days. Hit each target and move forward.
Key benefits:
Targets: 3%, 3%, 2%, 2%
6% Dynamic Risk Shield™ in Challenge (rises with equity, locks in your gains)
1:100 leverage
99% profit split
No time limit
No minimum trading days
Funding up to $1,500,000
Who Is Obsidian For?
Traders who want the smallest possible targets per phase, at the lowest possible price.
Your phase targets: 3%, 3%, 2%, 2%.
You want zero time pressure. No deadline. Take a week, take a month, take a year.
You want a Dynamic Risk Shield in evaluation that rises with your gains — locking in what you've earned during each phase.
This is for patient traders who want micro-milestones. Four small wins. Four confidence builders. Four steps to funding.
Why 4 Phases?
More phases = smaller targets. Obsidian has the smallest individual phase targets in our lineup.
Challenge Type | Total Target | Target Per Phase |
1-Step (Thunderbolt) | 5% | 5% in one shot |
2-Step (Phoenix) | 6% | 3% + 3% |
3-Step (Astral) | 8% | 3% + 3% + 2% |
4-Step (Obsidian) | 10% | 3% + 3% + 2% + 2% |
5-Step (Eon) | 12% | 3% + 3% + 2% + 2% + 2% |
Phase 1: 3%. Phase 2: 3%. Phase 3: 2%. Phase 4: 2%.
Obsidian vs Our Other Challenges
Feature | Obsidian (4-Step) | Astral (3-Step) | Phoenix (2-Step) |
Total Target | 10% | 8% | 6% |
Biggest Phase | 3% | 3% | 3% |
Challenge Max Loss | 6% Dynamic | 6% Dynamic | 6% Dynamic |
Daily DD | 4% | 4% | 4% |
Min Trading Days | None | None | None |
Leverage | 1:100 | 1:100 | 1:100 |
Time Limit | Unlimited | Unlimited | Unlimited |
Funding Sizes
$50,000 · $100,000 · $200,000 · $300,000 · $400,000 · $500,000 · $600,000 · $700,000 · $800,000 · $900,000 · $1,000,000 · $1,250,000 · $1,500,000
The Rules
Parameter | Phase 1 | Phase 2 | Phase 3 | Phase 4 | Funded |
Profit Target | 3% | 3% | 2% | 2% | No target |
Min Trading Days | Not required | Not required | Not required | Not required | Not required |
Daily Drawdown | 4% | 4% | 4% | 4% | 4% |
Max Loss Type | Dynamic 6% | Dynamic 6% | Dynamic 6% | Dynamic 6% | Dynamic 6% |
Max Trade Loss | Not applied | Not applied | Not applied | Not applied | 3% |
Best Day Rule | Not applied | Not applied | Not applied | Not applied | 20% |
Payout Requirement | Not applied | Not applied | Not applied | Not applied | 1% |
Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
Profit Split | Not applied | Not applied | Not applied | Not applied | 99% |
Note: Both Challenge and Funded phases use Dynamic Risk Shield™ — the shield rises with your equity but never moves down.
Challenge Phases
Phase 1. Make 3%
Profit Target: 3%. Daily Drawdown: 4%. Dynamic Risk Shield™: 6%. Time Limit: Unlimited.
Phase 2. Make 3%
Same rules as Phase 1. Same target, same limits. Hit 3% and move on.
Phase 3. Make 2%
Profit target: 2%. On a $100,000 account, that's $2,000.
Phase 4. Make 2%
Close your positions, hit the number, and you're through.
Dynamic Risk Shield™ Explained (Challenge)
Your stop-out level starts at 6% below starting balance and rises with your profits — locking in the gains you've earned along the way.
Example on a $100,000 account:
Scenario | Equity | Stop-Out | Status |
Start | $100,000 | $94,000 | Active |
Profit +$3,000 | $103,000 | $96,820 | Shield rises |
Loss -$3,000 | $100,000 | $96,820 | Safe |
Loss -$5,000 | $95,000 | $96,820 | BREACH |
The shield moves up with your profits but never down — so the gains you've earned stay protected as you push further.
Funded Phase. This Is Where It Counts
You passed all four phases. Now the rules tighten.
Daily Drawdown: 4%
On a $100,000 funded account, your maximum daily loss is $4,000.
Dynamic Risk Shield: 6%
In the funded phase, your max loss becomes Dynamic. It moves UP with your profits.
How it works:
Starts at 6% below your initial balance
Moves UP as you make profits
Never moves down
Locks at initial balance once reached
Example on a $100,000 account:
Scenario | Equity | Shield Level | Status |
Start | $100,000 | $94,000 | Active |
Profit +$4,000 | $104,000 | $97,760 | Shield rises |
Loss -$3,000 | $101,000 | $97,760 | Still safe |
Loss -$4,000 | $97,000 | $97,760 | BREACH |
Max Single Trade Loss: 3%
Your realized loss on any single trade cannot exceed 3% of your initial funded balance.
Account Size | Max Loss Per Trade |
$100,000 | $3,000 |
$200,000 | $6,000 |
$500,000 | $15,000 |
Splitting trades into multiple positions on the same instrument in the same direction counts as one trade. Violating this rule is a HARD BREACH. Your account will be terminated.
Payout Requirement: 1%
Generate at least 1% profit from your initial balance before each withdrawal.
Account Size | Min Profit Before Payout |
$25,000 | $250 |
$50,000 | $500 |
$100,000 | $1,000 |
$200,000 | $2,000 |
$500,000 | $5,000 |
No minimum trading days. Trade at your pace. Applies to each payout separately. Resets after each withdrawal. Only closed trades count.
Best Day Rule: 20%
No single trading day can represent more than 20% of your total withdrawal amount.
This is a SOFT rule. It does NOT breach your account. It only delays your payout until your profit distribution is more balanced.
Example: You want to withdraw $10,000. Your best day must be $2,000 or less.
Trying to bypass this by splitting a large winning position, hedging or closing parts separately, is not allowed.
Profit Split: 99%
You keep 99% of everything you make.
Funded Breach Conditions
Your account will be terminated if:
Equity drops below Dynamic Risk Shield (6%)
Daily loss exceeds 4%
Single trade loss exceeds 3%
Prohibited trading strategy detected
From Challenge to Funded
Step | Duration |
Pass All 4 Phases | Depends on you |
KYC Verification | 2-4 minutes |
Trader Agreement | Instant (one click) |
Compliance Review | 24-48 hours |
KYC and Trader Agreement are one-time only. Not required for future accounts.
General Rules Notice
This product, like all Upcomers programs, is subject to our standard trading rules and policies. These include our framework on prohibited strategies and our guidelines on responsible trading and gambling-style behavior, both of which apply across all our challenges, funded accounts, and instant funding products.
We recommend reviewing both articles before you begin trading:
Prohibited strategies: https://help.upcomers.com/en/articles/8703143-what-trading-strategies-are-prohibited-at-upcomers
Rules restricting gambling: https://help.upcomers.com/en/articles/11484528-rules-restricting-gambling
Why Choose Obsidian?
Targets: 3%, 3%, 2%, 2%
No minimum trading days: hit the target and you're done
4 easy pieces: same total as Astral, easier to digest
Dynamic Risk Shield in challenge: locks in your gains
No time limit: your pace
99% profit split: keep almost everything
Scale to $1,500,000: massive potential
World's first: we invented the 4-phase challenge
Obsidian. Micro-targets. Macro opportunity.