Learn how prop firms work
Prop firm accounts may be simulated, and fees may not be refundable; check each firm's terms. Nothing here is financial advice. Risk disclaimer
Explanations of the concepts you meet in a prop firm's rules: how evaluations and funded accounts are structured, how drawdown limits are calculated, and what happens to your trades. Articles describe how these programs generally work; examples use hypothetical figures. For a specific firm's rules, read its official terms and our review.
Concepts
What is a prop firm? How funded trader programs work
What a prop trading firm is, how evaluation and instant funded programs work, what simulated and live funded accounts mean, and which fees and payout terms to check before you pay.
Static vs trailing drawdown explained
How static, end-of-day trailing and intraday trailing drawdown limits are calculated, how they differ from a daily loss limit, and what to check in a firm's rules, with a worked example.
A-book vs B-book: how prop firms handle your trades
What A-book, B-book and hybrid execution mean, how they relate to simulated and live prop firm accounts, why it matters for payouts and rules, and what to look for in a firm's terms.
Practical guides
How to check whether a prop firm accepts traders from your country
Where firms publish country restrictions, what the different kinds of restriction mean, and how to confirm availability before you pay.
To try the rules with your own numbers, use our tools.