There are hundreds of prop firms, and many look similar on their pricing page. The differences are in the details: how the limits are calculated, when you can withdraw and what happens when something goes wrong. Use this checklist on any firm, including us.
The checklist
- 1. Daily loss: percentage, and is it measured on balance or equity? When does it reset?
- 2. Maximum loss: static or trailing? Does it lock at some point?
- 3. Profit target and time limit for each phase.
- 4. Consistency rules: is there a best-day limit to pass or to withdraw?
- 5. News and weekend rules: what is allowed and what is not?
- 6. Payout conditions: first payout timing, frequency, minimums, buffers.
- 7. Payout methods and speed: bank, card, crypto? Can you see proof?
- 8. Platform: does it work for your markets and devices? Is there a free trial?
- 9. Support: can you reach a person quickly, in your language?
- 10. Transparency: are all rules written in one place, with examples?
Red flags
- Rules that are vague or only explained in a chat.
- Very high profit splits combined with very strict hidden payout conditions.
- No clear refund policy.
- Pressure tactics like countdown timers that reset every visit.
Match the firm to your style
A swing trader needs weekend holding or a programme without a weekend close. A scalper needs low costs and fast execution. A part-time trader may prefer no time limit. There is no 'best' prop firm, only the best fit for how you trade.