Prop Firm Rules
Source review:
Vigil tracks rules for 29+ prop firms including FTMO, TopStep, Apex Trader Funding, The5%ers, and FundedNext. The biggest differences are drawdown type (static vs trailing), daily loss limits (3-5% typical), and profit targets (6-10% for evaluation). Use the table below to compare every rule side-by-side.
Every prop firm sets its own rules for drawdown limits, daily loss caps, profit targets, minimum trading days, and restricted instruments. Breaking any single rule terminates your funded account and forfeits the challenge fee -- typically $150 to $1,000 depending on account size.
This page compiles the current ruleset for each firm into a single comparison table. Filter by drawdown type, account size, or fee range to narrow the list. Each row links to a detailed firm-specific rules page with per-account-size breakdowns, phase requirements, and payout structures. Data is sourced directly from each firm's official rules documentation and reviewed regularly for accuracy.
Quick Comparison
| Firm↑ | Drawdown Type-- | Daily Loss-- | Profit Split-- | Min Fee-- |
|---|---|---|---|---|
| Apex Trader Funding | Trailing Intraday | None | 100-90% | $147 |
| Blue Guardian | Static | 4% | 85-85% | $99 |
| BrightFunded | Static | 5% | 80-90% | $79 |
| Bulenox | Trailing EOD | 2.2% | 80-90% | $125 |
| City Traders Imperium | Static | 5% | 70-100% | $109 |
| DNA Funded | Static | 5% | 80-90% | $88 |
| E8 Funding | Static | 5% | 80-80% | $228 |
| Earn2Trade | Trailing EOD | 2.2% | 80-90% | $150 |
| Fidelcrest | Static | 5% | 80-90% | $99 |
| For Traders | Static | 5% | 75-90% | $49 |
| FTMO | Static | 5% | 80-90% | €155 |
| Funded Trading Plus | Static | 4% | 80-90% | $119 |
| FundedNext | Static | 5% | 80-95% | $59 |
| FunderPro | Static | 5% | 80-90% | $159 |
| Goat Funded Trader | Static | 5% | 75-95% | $68 |
| Leeloo Trading | Trailing EOD | 2.2% | 80-90% | $125 |
| Lux Trading Firm | Static | None | 75-75% | $299 |
| Maven Trading | Static | 5% | 80-80% | $179 |
| My Funded Futures | Trailing EOD | 2.5% | 80-90% | $150 |
| MyForexFunds | Static | 5% | 75-85% | $84 |
| Phidias PropFirm | Static | 3% | 80-90% | $89 |
| Smart Prop Trader | Static | 4% | 85-90% | $199 |
| SurgeTrader | Static | 5% | 75-90% | $200 |
| Take Profit Trader | Trailing EOD | 2.2% | 80-90% | $150 |
| The5%ers | Static | 4% | 50-100% | $95 |
| TopStep | Trailing EOD | 2% | 90-90% | $49 |
| TradeDay | Trailing EOD | None | 80-90% | $99 |
| Tradeify | Trailing EOD | 2.5% | 80-90% | $150 |
| True Forex Funds | Static | 5% | 80-80% | $89 |
Top Firms
Tier 1Popular for frequent sales (80-90% off). No daily loss limit in evaluation. Uses intraday trailing drawdown (strictest type). Futures only.
Growing fast. Static drawdown, news trading allowed, up to 95% profit split. Multiple account sizes starting from $6K. 24-hour payouts.
More Firms
Tier 2Well-regarded futures prop firm with EOD trailing drawdown. Competitive pricing, no minimum trading days, and supports TradingView.
Established futures prop firm offering the Gauntlet Mini evaluation. Partners with real brokers for funded accounts. Educational resources included.
One of the original futures prop firms. Known for aggressive promotional pricing and a straightforward 1-step evaluation with EOD trailing drawdown.
Forex/CFD prop firm with static drawdown and relaxed rules. News trading, overnight, and weekend holding all allowed. 85% profit split from day one.
Forex/CFD prop firm with a 1-step evaluation and static drawdown. Supports cTrader. Competitive fees and straightforward rules.
Futures prop firm focused on fast payouts and transparent rules. EOD trailing drawdown. No minimum trading days and no consistency rule.
Other Firms
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Frequently Asked Questions
What is a prop firm?
A prop firm (proprietary trading firm) gives traders access to funded accounts in exchange for passing an evaluation. You trade with the firm's capital and keep a percentage of the profits -- typically 70% to 90%. If you break the firm's rules (drawdown limits, daily loss caps), your account is terminated.
How do prop firm rules work?
Prop firm rules define the boundaries you must trade within to keep your funded account. The most important rules are the maximum drawdown (how much total equity you can lose), the daily loss limit (how much you can lose in a single day), and the profit target (how much you need to earn to pass the evaluation). Breaking any rule terminates your account.
What happens if you break a prop firm rule?
If you breach a prop firm rule -- whether it is the max drawdown, daily loss limit, or a trading restriction like news or overnight holding -- your account is terminated immediately. You lose access to the funded account and must purchase a new evaluation if you want to try again.
What is trailing drawdown?
Trailing drawdown means your maximum loss floor moves up as your account reaches new equity highs. There are two types: EOD trailing (floor updates at end of day based on closing balance) and intraday trailing (floor updates in real-time with every new equity peak). Static drawdown, by contrast, sets the floor once at account opening and never moves it.
How much do prop firm challenges cost?
Prop firm challenge fees range from about $50 for small accounts (e.g., Apex $25K at $147) to $1,000+ for large accounts (e.g., FTMO $200K at EUR 1,080). Most firms refund the fee with your first payout after passing the evaluation. The fee is non-refundable if you fail.
What is the difference between static and trailing drawdown?
Static drawdown sets your breach level once when the account opens. If you profit, your floor stays the same, giving you extra cushion. Trailing drawdown moves the floor up as your equity grows, meaning profits do not create additional safety margin. Static drawdown is more forgiving for most traders.