Prop firm rules, explained clearly.
These answers explain how to read and compare rule snapshots. They are educational, not financial advice; the provider’s current terms remain the final authority.
What does a prop firm rule snapshot show?
A snapshot records the published rule wording we reviewed for a specific provider and account-size path, together with the model, source URL, review date and any uncertainty. It is a research record, not a live contract or a guarantee that the provider will accept an account.
Why can the same percentage produce a different risk amount?
The percentage is only one part of the rule. The result also depends on the nominal account size, whether the limit uses balance or equity, whether it trails, when it resets and whether the provider applies a phase or model-specific condition.
What is the difference between maximum loss and maximum daily loss?
Maximum loss is usually the broader account-level limit, while maximum daily loss is a shorter-period limit. The exact measurement time, equity treatment, reset schedule and exclusions must be checked in the provider source.
What is a trailing drawdown?
A trailing drawdown moves as the account reaches a new high according to the provider’s calculation method. A static or end-of-day rule behaves differently, so comparing only the displayed percentage can be misleading.
Does Prop Rules Check rank or recommend prop firms?
No. The site compares published mechanics and identifies questions that still need verification. It does not rank providers, estimate passing odds or recommend a purchase.
How often should I verify a rule snapshot?
Verify it immediately before paying and whenever the provider publishes a material update. Use the source link, effective date and change history together; a site review date is not proof that the provider changed its terms.
Does a coupon change a prop firm’s rules?
No. A discount can change a purchase price, but it does not change drawdown, target, payout or eligibility terms. Any commercial link or coupon should show its conditions, expiry and eligible product.
Is simulated trading the same as a brokerage account?
No. An evaluation or simulated program and a regulated brokerage account can involve different legal entities, services, protections, fees and risk disclosures. The provider’s legal and risk documents are the final authority.
Can I compare two account sizes directly?
You can compare their published fields when the model and measurement method are comparable. You should not treat a larger nominal account as a larger safe loss budget without checking the exact drawdown mechanics.
Why are some fields marked model-specific or account-specific?
That label means the available source does not support a single universal value. Preserving the uncertainty is safer than inventing a number that could cause a user to misunderstand the provider’s current terms.
Need the underlying data?
Open the rules database for account-size snapshots, source links and review dates, or use the comparator to inspect two records side by side.