To successfully pass the fundedpeaks challenge phase 1, you must achieve a profit target of 10%.
For example:
If you have a 100k account then you must achieve a profit of $10000. This must be closed profit and the balance and equity on the account must be above 10%.
Once you have achieved this & completed the minimum trading days, your account will be sent for review. This will take upto 2 business days and you will be issued your simulated funded account once the review is complete.
Please note - any violation which happens after you achieve the target will result in the account being violated.