Prop Rules Check / independent guide
Prop firm rules explained: read the mechanics before the headline
A neutral guide to reading prop firm drawdown, daily loss, targets, consistency and trading-permission rules.
Add a private note
Capture a figure, question or next step so you can return to this research.
01 / analysis
Start with the account model
Identify whether the record describes an evaluation, a funded stage, a simulated account or another model. The same label can hide different loss calculations, payout conditions, platform restrictions and reset rules.
02 / analysis
Separate the main rule fields
Record daily loss, maximum loss, trailing or static drawdown, profit target, minimum trading days, consistency conditions, news and overnight permissions, position limits and prohibited practices. Do not reduce these fields to a single pass-or-fail score.
03 / analysis
Read definitions and timing
Check how equity, balance, floating loss, end-of-day values, reset time, commissions, swaps and open positions are treated. A percentage is not comparable until the calculation moment and reference value are known.
04 / analysis
Use the provider's current rulebook
Rules, pricing and eligibility can change. Save the exact provider page, account size, date checked and effective date, then confirm the live terms before paying or trading. Prop Rules Check is an educational comparison and not financial advice or a performance promise.
Practical answers
Frequently asked questions
Which prop firm rules matter most before comparing programs?
Start with the account model, daily loss, maximum loss, drawdown type, profit target, minimum days, payout conditions, consistency rules, news and overnight permissions, platform limits and prohibited practices.
Why are prop firm percentages not enough to compare accounts?
A percentage is incomplete without its reference balance, calculation moment, reset time, treatment of floating loss, commissions, open positions and whether the drawdown trails. Read the definition and timing behind every number.
How do I verify that a prop firm rule is current?
Save the provider rulebook or terms page, account size, program phase, date checked and stated effective date. Recheck the live source before paying or trading because rules, pricing and eligibility can change.