Prop Trading Firms
Research & Comparison Beyond the shiny websites: actual rules, hidden clauses, and real trader experiences.
Challenge-Based Accounts
Pass an evaluation, get funded
- FTMO — baseline (2-step, 1-step)
- Instant Funding — challenge modes (1-phase, 2-phase, micro)
- FundingPips — hidden 7-day consistency rule
- Profit targets, drawdown limits, scaling rules
No-Evaluation Accounts
Continuous validation, no "pass" state
- 7 firms compared side-by-side
- Smart drawdown, consistency traps, scaling locks
- Payout records & trader experiences
- Red flags cross-firm analysis
What makes these different from brokers?
Brokers give you a live account and execute your trades. Prop firms give you a simulated account with a profit-sharing agreement — you trade their virtual capital and they pay you a cut of the profits. The fine print matters because these accounts come with drawdown limits, consistency rules, scaling conditions, and payout eligibility gates that aren't always obvious at sign-up.
This section is a work in progress — more firms and deeper rule analysis are being added regularly.