Prop Firm Rules & Terms Directory
Compare drawdown models, payout eligibility timelines, daily limits, and trading platforms using structured primary-source data and empirical test observations.
| Platform | Maturity | Drawdown Model | Daily / Max Loss | First Payout Eligibility | Verified Entry Fee | Observation Date | Action |
|---|---|---|---|---|---|---|---|
FTMO MetaTrader 4, MetaTrader 5 | Empirically Tested | Static Floor | 10% Max• 5% Daily | 14 days initial | $165 | Sep 25, 2026 | Full Audit |
Funding Pips cTrader, Match-Trader | Research Verified | Static Floor | 10% Max• 5% Daily | 14 days initial | $32 | Sep 25, 2026 | Full Audit |
The5ers MetaTrader 5 (MT5), The5ers Account MetriX Hub | Research Verified | Static Floor | 10% Max• 5% Daily | 14 days initial | $39 | Sep 25, 2026 | Full Audit |
FTMO
Empirically TestedFTMO is the global benchmark proprietary evaluation firm, operating since 2014 from Prague. It offers 2-step simulated evaluations up to $200k with a strictly static 10% max loss limit, on-demand bi-weekly payouts, and an official 8-to-24-hour payout SLA with a documented 7h 42m practitioner test case.
Funding Pips
Research VerifiedFunding Pips is a Dubai-based proprietary trading firm established in 2022, renowned for delivering the lowest evaluation challenge fees in the industry alongside raw 0.0 spreads on cTrader and Match-Trader. Features static 10% drawdown on its 2-Step flagship model, zero minimum trading days, and bi-weekly Tuesday payouts.
The5ers
Research VerifiedThe5ers (Five Percent Online Ltd) is an established proprietary evaluation firm founded in 2016 in Ra'anana, Israel. It offers three distinct funding programs: High Stakes (2-step evaluation with 5% daily pause and 10% static loss), Bootcamp (3-step low entry fee evaluation with 5% static loss and no daily limit), and Hyper Growth (instant funding with 6% static loss). The firm is renowned for its milestone scaling roadmap up to $4,000,000 with profit splits up to 100%.
Detailed Research & Reviews
Full audit reports with live trader feedback and payout benchmarks
Funding Pips
Comprehensive 2026 review of Funding Pips prop firm. Discover their 0.0 raw spread trading conditions, 1-step and 2-step evaluation rules, and 5-day payout cadence.
Topstep
Comprehensive 2026 review of Topstep CME Futures Trading Combine. Learn about End-of-Day (EOD) trailing drawdown, 100% of the first $10,000 payout, and NinjaTrader/TradingView integration.
FundedNext
Independent audit profile for FundedNext. Status: Listed (Verification Pending). Primary source snapshot observations from official Terms.
AquaFunded
An independent setup guide and editorial review of AquaFunded — covering account creation, challenge selection, MT4/MT5/cTrader setup, consistency rules, and withdrawal procedures.
Exness
An independent, in-depth analysis of Exness Global Ltd — covering account types, trading costs, regulatory standing, and platform features. This platform is an independent third-party research hub and is not operated by or affiliated with Exness.
Bulenox
Independent audit profile for Bulenox futures evaluation firm. Status: Listed (Verification Pending). Primary source snapshot observations from official FAQ.
Static vs Trailing Drawdown
How to identify dangerous intraday trailing rules that wipe accounts before the first payout.
Read guideConsistency Rule — Why Payouts Get Denied
5 real scenarios where traders hit profit target but get payout rejected due to consistency rule.
Read guidePre-Deposit Audit Checklist
9-point audit checklist before wiring money to any prop firm or broker — free guide.
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