Guides for prop traders
What to know before you buy a challenge: rules, drawdown, paying and getting paid from the UK, and common mistakes.
What is a prop firm and how does it work?What a prop firm is, how the challenge works, what it costs and how you get paid, explained simply for UK tradHow a prop firm challenge works: phases, targets and limitsHow a prop firm challenge works step by step: phases, profit target, daily loss, max loss, minimum days and whDrawdown explained: static, trailing and daily limitsStatic vs trailing drawdown, daily loss limits and how prop firms calculate them, with worked examples in plaiThe consistency rule: what it is and how to avoid problemsWhat the prop firm consistency rule is, how the best-day percentage works, and which firms don't use one.Prop firm profit split: how much do you really keep?How prop firm profit splits work: the 80% standard, 90% and 100% add-ons, scaling plans and what reaches your Instant funding: trading without a challengeWhat instant funding is, how much it costs compared with a challenge, its rules and who it suits.1-Step vs 2-Step challenge: which should you choose?1-Step vs 2-Step vs 3-Step prop firm challenges compared: targets, loss limits, price and which suits your traPay-after-pass prop firms: how they work and whether they're worth itHow pay-after-pass and Buy Now Pay Later prop firm models work, what they cost in total and when they make senPaying for a prop firm challenge from the UKHow to pay for a prop firm challenge from the UK: cards, bank transfer, crypto, currency conversion and avoidiGetting paid by a prop firm in the UKHow prop firm payouts reach UK traders: Rise, bank transfer, crypto, fees, exchange rates and record keeping.Are prop firms legal in the UK?Are prop firms legal and regulated in the UK? The FCA position, how to check a firm and the warning signs to lHow to pass a prop firm challenge: a practical guidePractical tips for passing a prop firm challenge: risk per trade, daily stop rules, position sizing, news, timCommon prop firm mistakes and how to avoid themThe most common mistakes that cost traders their prop firm challenge or funded account, and how to avoid each News trading at prop firms: rules and restrictionsHow prop firms handle news trading: restricted windows, high-impact events and the firms that allow it.Using EAs and trading bots at prop firmsWhich prop firms allow expert advisors and bots, the usual restrictions and how to avoid breaking the rules.How much does a prop firm account cost?What prop firm challenges cost by account size, what affects the price, refunds, add-ons and the cheapest optiProp firm glossary: the terms explainedA plain-English glossary of prop firm terms: challenge, drawdown, consistency rule, profit split, scaling, KYC