Prop firm rules: 32 firms, in plain English
192 rules read from the firms' public pages, with links and dates.
Independent summary. Not affiliated with, endorsed by or paid by any firm listed. Names belong to their owners. Rules change - check the firm's page before you buy. Report a change
Short answer: we read the public rule pages of 32 prop firms and summarised 192 rules in plain English, each tied to one plan, with the key numbers, a link to the firm's page and the date we checked it. 18 are forex/CFD firms, 11 futures and 3 crypto. We take no commission from any firm and do not rate them.
Main rules by firm
| Firm and plan | Market | Profit target | Daily loss | Max loss | Rules read |
|---|---|---|---|---|---|
| Alpha Capital Group Alpha Pro 8% | forex/CFD | Phase 1 profit target is 8% | Balance-based daily drawdown is 4% | Static max drawdown is 8% | 5 |
| Alpha Futures Not yet checked Standard Account | futures | not yet checked | No daily loss guard on evaluations | not yet checked | 5 |
| Aqua Funded 2 Step Pro | forex/CFD | Step 1 requires a 10% profit target | Maximum daily loss is 5% of the prior day's balance/equity high | Equity cannot fall more than 10% below its highest level | 6 |
| Audacity Capital Not yet checked Ability Challenge (2 steps) | forex/CFD | not yet checked | not yet checked | not yet checked | 6 |
| Blue Guardian 2 Step Standard | forex/CFD | Profit target is 8% in Phase 1 and 4% in Phase 2 | Daily loss limit is 4% of the initial balance | not confirmed | 8 |
| Blueberry Funded 2-Step Challenge [Legacy] | forex/CFD | Phase 1 requires a 10% profit target | not confirmed | Maximum loss is 10% of the initial account size | 7 |
| Breakout 1-Step Classic Breakout Evaluation | crypto | $100,000 account: $10,000 upgrade target, $6,000 max drawdown | Daily loss limit is 3% of balance at 00:30 UTC | Static 6% max drawdown of initial balance | 6 |
| BrightFunded 2-Step Classic | forex/CFD | not confirmed | Daily loss limit is 5%, based on the higher of equity and balance | Maximum drawdown is 10% and static | 10 |
| Bulenox Not yet checked Qualification Account | futures | not yet checked | not yet checked | not yet checked | 1 |
| City Traders Imperium 1-Step Challenge | forex/CFD | Profit target is 8% of the starting balance | There is no daily drawdown limit | Trailing max drawdown is 5% of the starting balance | 10 |
| Crypto Fund Trader Not yet checked 2-Phase Evaluation | crypto | not yet checked | Daily loss limit is 5% on the 2-Phase Evaluation | not yet checked | 5 |
| E8 Markets E8 Signature | futures | Profit target is 6% closed profit | 2% daily loss pauses trading until next day | Loss limit trails highest end-of-day balance and locks at initial balance | 8 |
| Earn2Trade Not yet checked Trader Career Path® | futures | not yet checked | not yet checked | not yet checked | 4 |
| Elite Trader Funding 1 Step Evaluation (50K) | futures | The 50K 1 Step profit target is $3,000 | There is no daily loss limit; only the live trailing drawdown applies | The 50K 1 Step account has a $2,000 live trailing drawdown | 7 |
| FTMO FTMO Challenge: 2-Step | forex/CFD | Profit target is 10% in Challenge and 5% in Verification | Daily loss limit is 5% of initial capital below the midnight balance | Static maximum loss is 10% below initial capital | 3 |
| Funded Futures Network FFN Steady Evaluation (50K example) | futures | 50K profit target is $3,000 | Steady has no daily loss limit | 50K max drawdown is $2,000, trailing at end of day | 11 |
| Funded Trading Plus Pass Now Pay Later | forex/CFD | Challenge profit target is 2% | Daily loss limit is 4% of balance | Max loss is a static 6% of starting balance | 11 |
| FundedNext Stellar 2-Step Challenge | forex/CFD | Phase 1 target 8%, Phase 2 target 5% | Maximum 5% loss per day | Account cannot fall below 90% of initial balance | 6 |
| FundedNext Futures FNL:002 12% MLL 3-Day Payout 2-Step 25K Challenge | forex/CFD | Phase 1 target is 8%, which is $2,000 closed profit on $25,000 | Daily loss limit is 4% of the initial balance | Maximum loss limit is 12% of the initial balance | 10 |
| FunderPro Funded Account Challenges | forex/CFD | not confirmed | Equity cannot drop below a fixed percentage of the day's starting balance | Equity cannot fall below a fixed percentage of the initial balance | 3 |
| Funding Pips Not yet checked 2 Step Standard | forex/CFD | Phase 1 profit target is 8% | not yet checked | not yet checked | 4 |
| Funding Traders 1-Step Pro | forex/CFD | Balance must reach 10% profit with all positions closed | Daily loss limit is 3% of account size from the starting day's equity | Max loss is 10% of account size, trailing the highest recorded balance | 7 |
| FXIFY 2-Phase Pro | forex/CFD | Phase 1 target is 4%, Phase 2 target is 8% | Daily loss limit is 4% | Maximum loss limit is 8%, with static drawdown | 7 |
| Goat Funded Trader 2-Step Standard | forex/CFD | Target 10% in Step 1, 5% in Step 2, none funded | Daily drawdown is 5% in every step | Max overall loss is a static 10% in every step | 6 |
| HyroTrader Not yet checked Two-Step | crypto | not yet checked | Two-Step daily drawdown is 5% of initial balance | not yet checked | 1 |
| Lucid Trading Not yet checked LucidFlex | futures | not yet checked | not yet checked | not yet checked | 6 |
| Maven Trading Not yet checked Standard 2 Step | forex/CFD | not yet checked | not yet checked | not yet checked | 3 |
| My Funded Futures Flex Plan $50,000 | futures | Profit target is $3,000 | not confirmed | End-of-day max loss limit is $2,000 | 10 |
| Take Profit Trader Not yet checked Test / PRO account | futures | not yet checked | not yet checked | not yet checked | 4 |
| The5ers 2-Step Classic ($100,000) | forex/CFD | Classic: Phase 1 target 8%, Phase 2 target 5% | Daily loss is 3% of prior day's higher of closing balance or equity | Max loss is 10% of initial balance | 5 |
| Topstep Not yet checked Trading Combine (50K) | futures | not yet checked | not yet checked | Maximum loss limit starts $2,000 below the starting balance | 3 |
| Tradeify Not yet checked Select Flex (5-Day Payout Policy), 25K-150K | futures | not yet checked | not yet checked | not yet checked | 4 |
"Not yet checked" marks firms where we could confirm fewer than 2 of the 3 main rules. "Not confirmed" means we could not confirm it on a page we could read, not that the firm has no such rule. Rules change often: check the firm's page before you trade.
How these pages are made
Every rule line is our own plain-English summary of the firm's public help or rules page, checked on the date shown. For the 11 firms whose loss rules could be turned into numbers, each page also shows what the limits mean in money and how one made-up example trader would fare under them in a simple simulation described on the page. Download the rule facts as a CSV from open data.
Independent summary. Not affiliated with, endorsed by or paid by any firm listed. Names belong to their owners. Rules change - check the firm's page before you buy. Report a change