Rules Reference Hub

Prop Firm Rules

Rules vary significantly across prop firms — and the wrong fit for your trading style can cost you your account. This is your quick-reference guide to key rules, restrictions, and policies across all 36 firms we review.

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22Forex Firms
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Frequently Asked Questions

Common questions about prop firm trading rules, drawdown types, and restrictions.

A consistency rule limits how much of your total profit can come from a single trading day — typically between 20% and 50%. For example, TradeDay enforces a 30% consistency rule during evaluation, while Bulenox applies a 40% rule on funded accounts only. FundingPips uses a 15% rule on its Zero program. This prevents traders from passing evaluations with one outsized winning trade. Not all firms use them — see our no consistency rule prop firms guide for firms that don't enforce it, including FTMO, Take Profit Trader, and ThinkCapital.

EOD (end-of-day) trailing drawdown updates your maximum loss threshold once per day at market close. Firms using EOD trailing include Alpha Futures, Lucid Trading, My Funded Futures, and Tradeify. Intraday trailing drawdown tracks your highest equity in real time — even unrealized gains raise your floor immediately. Apex Trader Funding uses intraday trailing on some programs. Static drawdown never moves from your starting balance and is used by almost all forex firms including FTMO, FXIFY, and The5ers. You can compare drawdown types across all firms using our futures comparison tool.

Many firms allow EAs with conditions. Futures firms permitting EAs include Bulenox (fully allowed), TradeDay (personal EAs only, no third-party bots), Tradeify (own bots with verification), Elite Trader Funding, My Funded Futures, and Daytraders. Forex firms allowing EAs include FXIFY (select programs), BrightFunded, Darwinex Zero, The5ers, FundingPips (trade managers only), and QT Funded (pre-approval required). EAs are prohibited at Alpha Futures, Apex, FTMO (third-party), Maven Trading, and Trade The Pool.

Rules vary significantly. Firms allowing copy trading between your own accounts only include FTMO, Apex Trader Funding, Bulenox, Elite Trader Funding, My Funded Futures, Alpha Futures, and FundingPips. Firms allowing unrestricted copy trading include Phidias, Take Profit Trader, Tradeify (up to 5 accounts), Darwinex Zero, and AquaFunded. Copy trading is completely prohibited at Goat Funded Trader and Trade The Pool. Top One Trader only allows it during the challenge phase, not on funded accounts.

Futures firms with unrestricted news trading include Bulenox, Tradeify, Top One Futures, Elite Trader Funding, Lucid Trading, and Phidias. TradeDay and My Funded Futures restrict news on funded accounts. Forex firms with no news restrictions include Funded Trading Plus, City Traders Imperium, Ment Funding, and Darwinex Zero. Most others restrict trading within 2–5 minutes before and after events — including FTMO, FXIFY, Blue Guardian, FundingPips, and QT Funded.

Futures prop firms typically use trailing drawdown (EOD or intraday) and prohibit overnight holding. Forex prop firms almost universally use static drawdown and have stricter news trading restrictions. Futures firms also impose CME price limit rules — seen at Apex, AquaFutures, and My Funded Futures — which don't exist in forex. Consistency rules are common in both but structured differently. See our futures comparison tool and forex comparison tool for full side-by-side details, or read our beginner's guide to prop firms.

Several firms have no minimum trading day requirement: Alpha Futures, Apex Trader Funding, AquaFutures, FundedNext Futures, Lucid Trading, Take Profit Trader, Top One Futures, and Tradeify on the futures side. For forex: Alpha Capital, AquaFunded, Darwinex Zero, FTMO (1-Step), Funded Trading Plus, and Instant Funding. Firms with the highest minimums include TradeDay (5 days) and Elite Trader Funding (5 days on most programs).

Prop firm rules change frequently — sometimes without notice. Recent examples include FundingPips removing weekend holding in January 2026, and Top One Trader introducing a temporary metals leverage restriction. Always verify directly with the firm before trading. We regularly update this page and all our futures and forex firm reviews when rules change.

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