Prop firm rules explained (July 2026)
Every rule that decides whether you pass, stay funded and get paid — drawdown, profit targets, daily loss limits, consistency and payouts — explained simply, with concrete examples and a side-by-side table for every futures prop firm.
The rules, explained with examples
Trailing drawdown
The maximum-loss line follows your highest balance, so it rises as you profit. It only stops trailing once it reaches your starting balance (then it locks).
50K account, $2,500 trailing drawdown. Your balance peaks at $52,000 → the liquidation line trails up to $49,500. If price drops and you hit $49,500, the account is closed — even though you started the day at $51,000.
End-of-day (EOD) drawdown
The maximum-loss line is only recalculated at the session close, using your end-of-day balance. Intraday swings don't move it.
50K account, $2,000 EOD drawdown. Intraday you can dip to -$1,800 and recover; the line only updates when the day closes above water. More forgiving for scalpers who recover within the day.
Static drawdown
A fixed dollar line that never trails. Simple and predictable: you know your exact liquidation level from day one.
50K static account with a $2,000 max loss → you are closed only if your balance ever touches $48,000, no matter how high you climbed before.
Profit target
The profit you must reach to pass the evaluation. It scales with account size — roughly 6% across most firms.
25K → +$1,500 · 50K → +$3,000 · 100K → +$6,000 · 150K → +$9,000. Hit the target without breaching drawdown and you pass.
Daily loss limit (DLL)
Some firms add a separate daily cap: lose more than this in one day and the day (or the account) is locked, independent of the overall drawdown.
A 100K account with a $1,800 DLL closes your trading for the day once you're down $1,800 — even if your overall drawdown still has room.
Consistency rule
Limits how much a single day can represent of your total profit. Often checked at payout. The lower the %, the steadier you must be.
A 50% consistency rule on $4,000 of profit means no single day may exceed $2,000. One lucky $3,000 day can delay your payout until you balance it out.
Payout conditions
To withdraw, firms usually require a number of winning days, a minimum profit buffer above your starting balance, and sometimes a waiting period between withdrawals.
Typical: 5 winning days of $200+ each, then withdraw up to a capped amount per request. Alpha Futures caps at $15,000 per request; many firms pay 100% of your split once eligible.
Profit split
The share of profits you keep. 80–100% is common; some firms give 100% on a first tranche then less.
100% up to $10,000 then 90% means the first $10K is fully yours; beyond that you keep $0.90 per $1 of profit.
Rules for every account, by prop firm
For each firm: the drawdown model(s), profit split, payout rules, and the profit target & max loss for every account size. Profit target is ≈6% of the account size; max loss is the standard drawdown per size. Figures are regular and should be confirmed on each firm's official site. Click a firm to expand.
Apex Trader FundingDrawdown: Trailing / EOD· Split 100%· News ✓+
Apex Trader FundingDrawdown: Trailing / EOD· Split 100%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ Daily loss limit based on profits
TopStepDrawdown: EOD· Split 100% up to $10,000, then 90%· News ✓+
TopStepDrawdown: EOD· Split 100% up to $10,000, then 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ 5 profitable days: $150+ OR 40% consistency (payout every 3 days)
BulenoxDrawdown: Trailing / EOD· Split 100% up to $10,000, then 90%· News ✓+
BulenoxDrawdown: Trailing / EOD· Split 100% up to $10,000, then 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
| 250K | $15,000 | $5,500 |
- ▸ Consistency: 40%
- ▸ 1 trading day out of 5
TakeProfitTraderDrawdown: EOD· Split 80% (50% in buffer zone)· News ✓+
TakeProfitTraderDrawdown: EOD· Split 80% (50% in buffer zone)· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 75K | $4,500 | $2,750 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
TradeifyDrawdown: EOD· Split 90%· News ✓+
TradeifyDrawdown: EOD· Split 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ 5 profitable days: $150+
FundedNext FuturesDrawdown: EOD· Split 80%· News ✓+
FundedNext FuturesDrawdown: EOD· Split 80%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ Consistency: 40%
Funded Futures NetworkDrawdown: Trailing· Split 80%· News ✓+
Funded Futures NetworkDrawdown: Trailing· Split 80%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
| 250K | $15,000 | $5,500 |
- ▸ Consistency: 40%
- ▸ $10,000 max across all accounts
Lucid TradingDrawdown: EOD· Split 90%· News ✓+
Lucid TradingDrawdown: EOD· Split 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ 5 profitable days: $150+
MyFundedFuturesDrawdown: Trailing / EOD / Static· Split 80%· News ✓+
MyFundedFuturesDrawdown: Trailing / EOD / Static· Split 80%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ 5 profitable days: $100+
- ▸ Tiers: 1st $1,500 · 2nd $1,750 · 3rd $2,000 · 4th $2,500 · 5th+ $3,500
BluskyDrawdown: Trailing / EOD / Static· Split 90%· News ✓+
BluskyDrawdown: Trailing / EOD / Static· Split 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
| 200K | $12,000 | $5,000 |
| 300K | $18,000 | $7,500 |
TradeDayDrawdown: Trailing / EOD· Split 80% up to $50,000, then 90% up to $100,000, then 95%· News ✓+
TradeDayDrawdown: Trailing / EOD· Split 80% up to $50,000, then 90% up to $100,000, then 95%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
PhidiasDrawdown: EOD / Static· Split 80%· News ✓+
PhidiasDrawdown: EOD / Static· Split 80%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ 10 trading days
- ▸ Consistency: 30%
Elite Trader FundingDrawdown: Trailing / EOD / Static· Split 100% up to $25,000· News ✓+
Elite Trader FundingDrawdown: Trailing / EOD / Static· Split 100% up to $25,000· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 10K | $600 | $600 |
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
| 250K | $15,000 | $5,500 |
- ▸ 8 trading days
- ▸ Consistency: 23%
DayTradersDrawdown: Trailing / EOD / Static· Split 100%· News ✓+
DayTradersDrawdown: Trailing / EOD / Static· Split 100%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
| 300K | $18,000 | $7,500 |
- ▸ 8 profitable days: $100+
- ▸ Consistency: 30%
Taurus ArenaDrawdown: Trailing· Split 85%· News ✓+
Taurus ArenaDrawdown: Trailing· Split 85%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
- ▸ 8 trading days
- ▸ 5 profitable days: $150+
- ▸ Consistency: 30%
PropShopTraderDrawdown: Trailing / EOD· Split 100%· News ✓+
PropShopTraderDrawdown: Trailing / EOD· Split 100%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
- ▸ 6 trading days for 1st payout, then 3 days
- ▸ Consistency: 20% for 1st payout, then 25%
Zenit FundingDrawdown: Trailing· Split 90%· News ✓+
Zenit FundingDrawdown: Trailing· Split 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 50K | $3,000 | $2,500 |
| 150K | $9,000 | $4,500 |
| 300K | $18,000 | $7,500 |
- ▸ Payout windows: 1st-4th & 16th-20th
Alpha FuturesDrawdown: EOD· Split Up to 90%· News ✓+
Alpha FuturesDrawdown: EOD· Split Up to 90%· News ✓+| Account size | Profit target | Max loss (drawdown) |
|---|---|---|
| 25K | $1,500 | $1,500 |
| 50K | $3,000 | $2,500 |
| 100K | $6,000 | $3,000 |
| 150K | $9,000 | $4,500 |
- ▸ 5 winning days of $200+
- ▸ Up to 50% per request, 4x/month
Prop firm rules — FAQ
What is the difference between trailing and EOD drawdown?+
A trailing drawdown follows your highest balance and can trigger intraday, so a winning trade that pulls back can still close your account. An EOD (end-of-day) drawdown is only recalculated at the session close, so intraday dips don't permanently move your line as long as you close above it. EOD is generally more forgiving; trailing is stricter.
How much profit do I need to pass a prop firm evaluation?+
Most futures firms set the profit target at about 6% of the account size: roughly $1,500 on a 25K, $3,000 on a 50K, $6,000 on a 100K and $9,000 on a 150K. You must reach it without breaching the drawdown or daily loss limit.
What is a daily loss limit?+
It's a separate cap on how much you can lose in a single day. Hit it and your trading is locked for the day (or the account fails), independent of your overall drawdown. Not every firm uses one — check each firm's page.
How do prop firm payouts work?+
After you're funded, you usually need a set number of winning days (often 5 at $150–$200+ each) and a profit buffer above your starting balance before you can withdraw. Payouts are capped per request and may have a waiting period; the firm pays your profit-split share.
What is the consistency rule?+
It limits how much a single day can represent of your total profit (e.g. a 50% rule means no day exceeds half your gains). It pushes steady performance over one-off lucky days and is often verified at payout time.
What profit split do prop firms offer?+
Commonly 80–90%, with some firms offering 100% on a first tranche (e.g. 100% up to $10,000) then a lower split. A high split should always be read alongside drawdown, consistency and fees.
Can I trade the news on a prop firm account?+
It depends on the firm and the phase. Some allow news trading in both evaluation and funded phases, others restrict it. The rules table below shows news-trading availability per firm.
One-time payment or monthly subscription — which is cheaper?+
A one-time payment (OTP) charges once for the evaluation; a subscription bills monthly while the eval is active. OTP is cheaper if the eval drags on; subscriptions can be cheaper if you pass fast. Also factor activation fees and market-data fees.
What happens if I hit my drawdown?+
Breaching the maximum loss (trailing, EOD or static) closes the account immediately. In evaluation you can usually buy a reset or a new account; in the funded phase you lose the funded account and must re-evaluate.
Do the rules change between the evaluation and the funded account?+
Often yes. Drawdown type, daily limits and payout conditions can differ between the challenge and the funded (PA) phase. Each firm's page lists both phases side by side.