| Trophy | How to unlock
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| 100 Wins (Bronze Trophy) | Win 100 races.
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| 2000 On The Clock (Bronze Trophy) | Race a total of 2000 miles.
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| American All-Star (Gold Trophy) | Complete the North American Challenge with Maximum points.
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| Arcade Gold (Gold Trophy) | Achieve a gold trophy in every arcade difficulty.
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| Circuits Maximus (Gold Trophy) | Complete the European Challenge with Maximum points.
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| Congratulations (Platinum Trophy) | You have successfully unlocked every trophy in Ferrari Challenge.
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| Double Whammy (Bronze Trophy) | Achieve 2 podium placed finishes in the European Challenge series.
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| Euro Lap King (Bronze Trophy) | Beat the Lap Record on all European circuits in Time Trial mode.
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| Euro Racer (Sliver Trophy) | Win a race at every European circuit.
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| First Across The Line (Bronze Trophy) | Place first at every circuit in the game.
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| First Challenge Win (Bronze Trophy) | Win your first race in the Italian Challenge series.
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| Hot Shot (Bronze Trophy) | Achieve 75% accuracy or above in all categories in Tutorial mode.
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| Italian Lap King (Bronze Trophy) | Beat the Lap Record on all Italian circuits in Time Trial mode.
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| Italian Stallion (Sliver Trophy) | Complete the Italian Challenge with Maximum points.
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| Numero Uno (Bronze Trophy) | Achieve a pole position in Qualifying in the Italian Challenge series.
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| Prancing Horse (Bronze Trophy) | Complete the Italian Challenge series.
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| The Champ (Sliver Trophy) | Complete Legend difficulty in Arcade mode.
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| The Collector (Bronze Trophy) | Unlock every Ferrari available in the game.
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| The Graduate (Bronze Trophy) | Complete Tutorial mode for the first time.
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| The Perfectionist (Gold Trophy) | 100% completion for the entire game.
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| The Veteran (Bronze Trophy) | Expert difficulty in Arcade mode.
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| Time Trial Lap King (Sliver Trophy) | Beat the Lap Record on every circuit in Time Trial mode.
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| Trofeo Acciaio (Bronze Trophy) | Achieve 1st place in the F575 Maranello Tournament.
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| Trofeo Argento (Bronze Trophy) | Achieve 1st place in the F40 Tournament.
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| Trofeo Bronzo (Bronze Trophy) | Achieve 1st place in the F575 GTC Tournament.
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| Trofeo Carnelian (Bronze Trophy) | Achieve 1st place in the F360 Modena Tournament
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| Trofeo Diamante (Bronze Trophy) | Achieve 1st place in the F250 GTO Tournament.
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| Trofeo Diasparo (Bronze Trophy) | Achieve 1st place in the F550 Maranello GT Tournament.
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| Trofeo Ferro (Bronze Trophy) | Achieve 1st place in the F348 TB Tournament.
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| Trofeo Granato (Bronze Trophy) | Achieve 1st place in the F333 SP Tournament.
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| Trofeo Malachite (Bronze Trophy) | Achieve 1st place in the F550 Maranello Tournament.
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| Trofeo Mercurio (Bronze Trophy) | Achieve 1st place in the F430 GT2 Tournament.
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| Trofeo Obsidian (Bronze Trophy) | Achieve 1st place in the FXX Tournament.
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| Trofeo Opale (Bronze Trophy) | Achieve 1st place in the F365 GTB4 Tournament.
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| Trofeo Oro (Bronze Trophy) | Achieve 1st place in the F50 Tournament.
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| Trofeo Perla (Bronze Trophy) | Achieve 1st place in the F355 Challenge Tournament.
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| Trofeo Platino (Bronze Trophy) | Achieve 1st place in the F512 M Tournament.
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| Trofeo Rame (Bronze Trophy) | Achieve 1st place in the F348 Challenge Tournament.
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| Trofeo Rubino (Bronze Trophy) | Achieve 1st place in the F512 S Tournament.
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| Trofeo Smeraldo (Bronze Trophy) | Achieve 1st place in the F250 Tessarossa Tournament.
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| Trofeo Topaz (Bronze Trophy) | Achieve 1st place in the F355 GTB Tournament.
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| Trofeo Tourmaline (Bronze Trophy) | Achieve 1st place in the F360 GT Tournament.
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| Trofeo Zaffiro (Bronze Trophy) | Achieve 1st place in the F250 LM Tournament.
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| Unlock and Roll (Bronze Trophy) | Unlock your first Tournament Car.
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| US Lap King (Bronze Trophy) | Beat the Lap Record on all US circuits in Time Trial mode.
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| US Race Ace (Sliver Trophy) | Win a race at every North American Challenge circuit.
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