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Prop firm guides

Plain-English explanations of how prop firm evaluations work, with real examples from the firms we track.

Forex

Guide · ForexForex Prop Firm Challenge Rules Explained: Targets and Loss LimitsForex prop firm challenge rules are the profit targets and loss limits you must stay inside to pass an evaluation and reach a funded account. You pay a one-time fee for a simulated account, hit the target without breaking a daily or maximum loss limit, and then trade a funded account for a share of the profits.10 min read

Futures

Guide · FuturesTrailing drawdown at futures prop firms: EOD vs intraday explainedA trailing drawdown at a futures prop firm is a loss limit that rises as your account makes new highs and never comes back down. End-of-day (EOD) versions update once a day on your closing balance. Intraday versions follow your live equity, tick by tick. EOD gives you more room; at TradeDay, the intraday version lists for less.10 min read

Crypto

Guide · CryptoCrypto Prop Firms Explained: How They Work, Fees and PayoutsA crypto prop firm gives you simulated capital to trade perpetual futures after you pass a challenge. You pay a one-time fee, hit a profit target without breaking the daily or maximum loss limits, and then keep a share of the profits on a funded account, most often 80%.8 min read

Perps

Guide · PerpsHow a perpetual futures prop firm works: the mechanics that matterA perpetual futures prop firm lets you pay a fee to prove you can trade crypto perpetual futures inside its loss limits, then shares profits with you on a funded-stage account. The mechanics that matter: your venue, the leverage cap, funding and swap fees, and how breaches are measured.11 min read

Before you buy a challenge

Guide · 8 min

Crypto Prop Firms Explained: How They Work, Fees and Payouts

Guide · 10 min

Forex Prop Firm Challenge Rules Explained: Targets and Loss Limits

Guide · 11 min

How a perpetual futures prop firm works: the mechanics that matter

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