Guides

• How a prop firm works: the mechanism, minus the slogans

  Paid challenge, evaluation phases, funded account, profit split, payouts: how a prop firm works in general, and where its money comes from.

  4 min read

• Prop firm risks: what you can lose

  Lost challenge fees, tricky rules, refused or delayed payouts, rule changes, firm closure, counterparty risk and psychological biases.

  4 min read

• How to choose a prop firm: the checklist before you pay

  Drawdown type, real cost, payout rules, transparency, rule-change history, support, payment, verified reviews: the checklist before buying a challenge.

  4 min read

• Prop firm rules explained: drawdown, consistency, news

  Static or trailing drawdown, daily loss, end-of-day or intraday, consistency, minimum days, time limits, news, scaling: definitions and questions to ask.

  5 min read

• Simulated or live account: what “funded” does not tell you

  What a prop firm actually funds according to its terms, the difference between a simulated and a live account, and what it changes for the trader.

  4 min read

• Risk management basics before your first challenge

  Position size, risk per trade, link with drawdown limits: the basics of risk management, with a purely illustrative worked example.

  4 min read

• Beginner challenge mistakes: ten ways to burn your fee

  Ten mistakes to avoid during a prop firm challenge: rules misread, position size, revenge trading, news, record-keeping, payout terms ignored.

  4 min read

• Glossary

  Short definitions of the terms used by prop firms.

• FAQ

  Short, factual answers to common questions.

Then compare: Prop firm list Methodology