> For the complete documentation index, see [llms.txt](https://hashhedge.gitbook.io/hashhedge-user-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hashhedge.gitbook.io/hashhedge-user-guide/start-here/challenge-types.md). # Challenge types Hash Hedge offers two live challenge types, the **One-stage Challenge** and the **Two-stage Challenge**, plus an **Instant** account **coming soon**. On the **US Stocks** market only the **Two-stage** Challenge is offered. See [Trading US Stocks](/hashhedge-user-guide/trading-terminal/stocks-terminal.md). Both live types lead to the **Trader** stage, where you trade a funded account with real payouts; they differ in how many evaluation stages you pass, and in their targets, loss limits and fees. At checkout you also choose a **market** and an account size from **$5K to $100K**, or up to **$200K** on Two-stage ($500K coming soon). The market is **Crypto + TradFi** (crypto, indices, metals, energy; trades 24/7) or **US Stocks** (new). Pick what fits your experience and budget.

Choosing the account type, with the rules for every stage

1:5Max leverage
UnlimitedTrading period
80–90%Profit share
*** {% tabs %} {% tab title="One-stage Challenge" %} A single evaluation stage, then a funded account: the fastest route to funding, with a higher profit target and tighter loss limits. **Available account sizes:** $5,000 · $10,000 · $25,000 · $50,000 · $100,000. $10,000 is the most popular. **Challenge rules, stage by stage** | Rule | Stage 1 | Trader | | -------------------- | --------- | --------------------------- | | Profit target | 10% | none | | Daily loss | 3% | 3% | | Total loss | 6% | 6% | | Minimum trading days | 3 | none | | Trading period | Unlimited | Unlimited | | Max leverage | 1:5 | 1:5 | | Profit share | none | 80% (90% with Profit Split) | | {% endtab %} | | | {% tab title="Two-stage Challenge" %} Two evaluation stages, then a funded account. Lower profit targets and wider loss limits, spread across two stages. **Available account sizes:** $5,000 · $10,000 · $25,000 · $50,000 · $100,000 · $200,000. $25,000 is the most popular. **Challenge rules, stage by stage** | Rule | Stage 1 | Stage 2 | Trader | | -------------------- | --------- | --------- | --------------------------- | | Profit target | 8% | 6% | none | | Daily loss | 5% | 5% | 5% | | Total loss | 10% | 8% | 8% | | Minimum trading days | 5 | 5 | none | | Trading period | Unlimited | Unlimited | Unlimited | | Max leverage | 1:5 | 1:5 | 1:5 | | Profit share | none | none | 80% (90% with Profit Split) | | {% endtab %} | | | | | {% endtabs %} | | | | ## Which type should I choose Both types use **1:5** leverage and have no time limit. The **One-stage Challenge** reaches funding faster (a single evaluation stage) but asks for a higher **10%** target within tighter **3%** daily / **6%** overall loss limits. The **Two-stage Challenge** spreads lower targets (**8%** then **6%**) across two stages with wider **5%** daily / up to **10%** overall limits. Within a type, the percentages are the same on every size, so pick the account you're comfortable managing within its loss limits. A larger account scales targets and limits in dollars but keeps the same percentages. New to Hash Hedge? A smaller plan is a low-cost way to learn the platform. Next: [How to buy a Challenge](/hashhedge-user-guide/start-here/buy-challenge.md). *** The rules, stages and loss limits are the same for every type. See [Rules, Stages and Loss Limits](/hashhedge-user-guide/rules/challenge-rules.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://hashhedge.gitbook.io/hashhedge-user-guide/start-here/challenge-types.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.