Quick Answer — Sway Funded Account Types
- • Rapid Challenge (1-step): 15% profit target, 5% daily / 10% overall drawdown, 80% split
- • Regular Challenge (2-step): Phase 1 = 10%, Phase 2 = 8%, same drawdown limits, lower entry price
- • Instant Account (0-step): No eval, tiered splits (55%/65%/75%), 3% daily / 8% overall, max $50K
- • All accounts use intraday trailing drawdown on equity — tighter than EOD-only firms
- • Use code FIRST for 50% off your first challenge entry fee
Research-based breakdown: I haven't run Sway Funded accounts personally — my funded trading is in futures. Everything here comes from their official help center, Terms of Service, pricing pages, and community data. I've cross-referenced all figures and flagged anything unverified.
This is the pillar article for the Sway Funded accounts cluster. For the full firm overview, read my complete Sway Funded review. See also the Sway Funded rules overview for the full rules context. For the latest pricing, check Sway Funded's website or their help center.
Sway Funded launched in February 2024 and built three distinct paths to a funded account. Pick the wrong one for your trading style and you're either paying too much, dealing with tighter drawdown than necessary, or grinding toward a profit target that doesn't fit how you actually trade.
Here's what each one actually looks like.
What Are the Three Sway Funded Account Types?
Sway Funded offers:
1. Rapid Challenge — 1-step evaluation, 15% profit target, fastest path to funded
2. Regular Challenge — 2-step evaluation, 10% then 8% targets, cheapest entry price
3. Instant Account — no evaluation, direct funded access, tiered profit splits, max $50K
All three run on the same intraday trailing drawdown mechanic. That detail matters more than most traders realize before they start.
The Drawdown Mechanic You Need to Understand First
Before comparing account types, you need to know how Sway Funded's drawdown works — because it applies to all three.
Sway Funded uses intraday trailing drawdown on equity. That means your drawdown floor moves up as your account balance increases, and it tracks equity (open P&L included), not just closed balance.
If you start with a $10,000 account and your equity peaks at $10,500 during the session, your new drawdown floor is $9,500 (assuming 5% daily or 10% overall). Close the trade at $10,200 and the floor stays at $9,500 — it doesn't move back down.
This is more restrictive than end-of-day (EOD) firms. At an EOD firm, only your closed balance determines the floor. At Sway Funded, unrealized gains count immediately.
The Fixed Drawdown add-on converts this to EOD-only behavior for an extra fee. More on that in the add-ons article.
Rapid Challenge (1-Step): Full Breakdown
Rules
As of April 2026:
- Profit target: 15%
- Daily loss limit: 5%
- Overall drawdown: 10% (intraday trailing on equity)
- Minimum trading days: 4
- Time limit: None
- Leverage: Forex 1:50 | Commodities 1:20 | Indices 1:20 | Crypto 1:10 | Stocks 1:10
Pass the single phase, complete KYC, and you get the SF Trader funded account.
Profit Split
80% default. Can upgrade to 90% with the 90/10 Split add-on, purchased before starting.
Pricing Table
Account SizePriceProfit TargetDaily LossOverall Drawdown$1,000$15$150$50$100$2,500$39$375$125$250$5,000$75$750$250$500$10,000$119$1,500$500$1,000$25,000$269$3,750$1,250$2,500$50,000$449$7,500$2,500$5,000$100,000$749$15,000$5,000$10,000$150,000$1,109$22,500$7,500$15,000$200,000$1,449$30,000$10,000$20,000
Who Should Use the Rapid Challenge?
Traders who are confident in their system, comfortable with a higher profit target in exchange for fewer hoops, and don't want to sit through two phases. The 15% target is demanding — but it's one shot, no phase management, no waiting on Phase 2 verification.
The entry fee gets credited toward your first payout after passing, so it's not sunk cost. It's essentially deferred from the reward.
Regular Challenge (2-Step): Full Breakdown
Rules
As of April 2026:
- Phase 1 profit target: 10%
- Phase 2 profit target: 8%
- Daily loss limit: 5% (both phases)
- Overall drawdown: 10% (both phases, intraday trailing on equity)
- Minimum trading days: 4 per phase
- Time limit: None
- Leverage: Same as Rapid
Profit Split
80% default, 90% with add-on.
Pricing Table
Account SizePricePhase 1 TargetPhase 2 TargetDaily LossOverall DD$1,000$10$100$80$50$100$2,500$25$250$200$125$250$5,000$49$500$400$250$500$10,000$79$1,000$800$500$1,000$25,000$179$2,500$2,000$1,250$2,500$50,000$299$5,000$4,000$2,500$5,000$100,000$499$10,000$8,000$5,000$10,000$150,000$739$15,000$12,000$7,500$15,000$200,000$969$20,000$16,000$10,000$20,000
Who Should Use the Regular Challenge?
Traders who want the lowest entry cost, are patient enough to trade two phases, and prefer lower individual targets over a single higher one. At $10K, the Regular is $79 vs $119 for Rapid — a $40 difference, and you get lower per-phase targets in exchange for twice the phases.
The two-phase structure also suits traders who benefit from Phase 2 acting as a self-imposed consistency check. Phase 2's 8% target is easier to reach cleanly if Phase 1 didn't push you to the edge.
Instant Account (0-Step): Full Breakdown
Rules
As of April 2026:
- No evaluation phase — funded from day one
- Daily loss limit: 3%
- Overall drawdown: 8% (intraday trailing on equity)
- Minimum trading days: 8 per reward cycle
- Time limit: None
- Leverage: Forex 1:30 | Commodities 1:20 | Indices 1:20 | Crypto 1:10 | Stocks 1:10
- Consistency rule: 20% (if any single day exceeds 20% of total profits, the system adjusts your target — it does NOT fail the account)
- Maximum account size: $50,000 (not available at $100K, $150K, $200K)
- Add-ons: Not available on Instant Account
Tiered Reward System
The Instant Account doesn't have a single profit split. It runs a tiered reward structure based on how much profit you hit in a cycle:
Profit MilestoneProfit SplitWhat Happens Next8% of account55%Request reward — account resets12% of account65%Request reward — account resets16% of account75%Request reward — account resets
After each reward claim, the account resets. You start the next cycle from the original balance.
Instant Account Pricing Table
Account SizePrice8% Target ($)16% Target ($)Max Daily Loss$1,000$40$80$160$30$2,500$99$200$400$75$5,000$199$400$800$150$10,000$399$800$1,600$300$25,000$996$2,000$4,000$750$50,000$1,990$4,000$8,000$1,500
Who Should Use the Instant Account?
Traders who can't face another evaluation cycle, want to start trading firm capital immediately, and are comfortable with tighter drawdown rules (3% daily vs 5% for the challenge accounts).
The catch: no add-ons, lower leverage on Forex (1:30 vs 1:50), a lower maximum split at 75%, and the entry fee is significantly higher per dollar funded. A $10K Instant Account costs $399 vs $79 for Regular. You're paying a large premium to skip the eval.
Who shouldn't use it: traders who want add-ons, need higher leverage, or plan to run $100K+ accounts.
Side-by-Side Account Comparison
FeatureRapid (1-step)Regular (2-step)Instant (0-step)Evaluation phases120Profit target15%10% + 8%8% / 12% / 16% tiersDaily loss5%5%3%Overall drawdown10%10%8%Forex leverage1:501:501:30Max profit split90% (with add-on)90% (with add-on)75%Add-ons availableYesYesNoMax account size$200K$200K$50KMin trading days44 per phase8 per cycle$10K entry price$119$79$399
Which Account Type Should You Choose?
Choose Rapid if: You want one phase, you're confident in your ability to hit 15%, and you'd rather pay slightly more to avoid two phases.
Choose Regular if: You want the cheapest entry, you trade conservatively, or you benefit from Phase 2 as an extended proof-of-consistency before you get real capital.
Choose Instant if: You absolutely cannot face another evaluation, your strategy works at 1:30 leverage, your account size need is $50K or under, and you accept 75% as your ceiling.
For most traders, the Regular Challenge is the value play. Lower cost, same rules on both phases, and the fee credits toward your first payout just like Rapid.
The 20/10 Add-On Changes Everything
One important note: both Rapid and Regular have an optional 20/10 Drawdowns add-on that doubles the default limits. Daily goes from 5% to 10%, overall from 10% to 20%.
The catch is that profit targets also double: Rapid goes from 15% to 30%, Regular Phase 1 from 10% to 20% and Phase 2 from 8% to 16%.
It's a higher-risk, higher-headroom version of the same challenge. Worth it if you trade with wide stops or swing trade across sessions where drawdown buffer matters more than hitting a conservative target.
The bottom line:
Sway Funded's three account types cover genuinely different trader profiles. The Instant Account is for anyone who'll pay a premium to skip the wait. The Rapid is for traders who want a clean single-phase path. The Regular is for traders who value low entry cost over speed. All three use intraday trailing drawdown — and that's the rule that trips most traders before they even look at the profit targets.
Frequently Asked Questions
What are the three Sway Funded account types?
Sway Funded offers three account types: the Rapid Challenge (1-step, 15% target), the Regular Challenge (2-step, 10% then 8% targets), and the Instant Account (no evaluation, tiered rewards). All use intraday trailing drawdown on equity.
What is the profit target for the Sway Funded Rapid Challenge?
The Rapid Challenge has a 15% profit target with a 5% daily loss limit and 10% overall drawdown. With the 20/10 add-on, these double to 30% target, 10% daily, and 20% overall.
How does the Sway Funded Regular Challenge work?
The Regular Challenge is a 2-step evaluation. Phase 1 requires a 10% profit target and Phase 2 requires an 8% profit target. Both phases have a 5% daily loss limit and 10% overall drawdown. Minimum 4 trading days per phase, no time limit.
What is the Sway Funded Instant Account?
The Instant Account gives direct funded access with no evaluation. It uses a tiered reward system: 8% profit = 55% split, 12% = 65%, 16% = 75%. Daily loss is 3%, overall drawdown is 8%. Maximum account size is $50,000.
What drawdown type does Sway Funded use?
Sway Funded uses intraday trailing drawdown on equity. This means open positions count toward your drawdown floor, which adjusts upward as your account equity peaks. It is stricter than end-of-day (EOD) drawdown firms.
Can you get add-ons on the Sway Funded Instant Account?
No. Add-ons (Fixed Drawdown, 90/10 Split, Challenge Refresh, 20/10 Drawdowns, Profit Target Reduction) are only available on the Rapid and Regular Challenge accounts. The Instant Account has no add-on options.
What is the cheapest Sway Funded account?
The Regular Challenge has the lowest entry prices. A $10,000 Regular Challenge costs $79, compared to $119 for the Rapid Challenge and $399 for the Instant Account at the same size.
What is the maximum account size at Sway Funded?
The Rapid and Regular Challenges go up to $200,000. The Instant Account is capped at $50,000.
What is the profit split on Sway Funded funded accounts?
The default profit split on Rapid and Regular is 80%. This can be upgraded to 90% with the 90/10 Split add-on. The Instant Account has tiered splits: 55% at 8% profit, 65% at 12%, and 75% at 16%.
Is there a discount code for Sway Funded?
Yes. Use code FIRST for 50% off your first Sway Funded challenge entry fee. This applies to the Rapid and Regular Challenge accounts.
