Updated March 2026
Prop Firm Rules Explained — Complete Guides (2026)
Every major prop firm rule type explained in plain English — with real examples, calculation walkthroughs, and firm-by-firm breakdowns.
304 guides available across 10 rule topics
Browse by Rule Type
Maximum Daily Loss
How daily drawdown limits work, what counts toward the limit, and how to avoid hitting it.
Maximum Total Loss
Total drawdown limits — the difference between static and trailing drawdown explained.
Profit Target Phase 1
Phase 1 challenge profit targets: what counts, consistency rules, and strategy tips.
Profit Target Phase 2
Phase 2 verification profit targets and how they differ from Phase 1.
Minimum Trading Days
How minimum trading day requirements work and how to meet them efficiently.
Time Limit
Challenge time limits — which firms have them, which do not, and why they matter.
Payout Split & Schedule
Profit split percentages, payout schedules, and how scaling affects your cut.
Scaling Plan
How scaling programs work — account size increases, requirements, and max capital.
News Trading Policy
Which firms allow news trading, which restrict it, and the exact blackout rules.
EA & Bot Policy
Expert Advisor and automated trading rules — what is allowed and what gets accounts closed.