Learning center
Understand the rules before you pay for a challenge. Clear guides to drawdown, consistency rules, payouts and costs.
- Risk
Trailing Drawdown Explained: EOD vs Intraday vs Static
10 min read
- Rules
Prop Firm Consistency Rule Explained: 50%, 40% and 30% Rules
10 min read
- Basics
What Is a Prop Firm? How Funded Accounts Work (2026 Guide)
8 min read
Prop trading, explained with real rules
Most traders who fail a prop firm challenge don't run out of skill; they break a rule they didn't fully understand. These guides explain the rules that decide most accounts, with worked examples and each firm's actual numbers, taken from the same verified data as our reviews.
- Drawdown: how static, end-of-day and intraday trailing drawdowns move, and which suits your trading.
- Consistency rules: how 50%, 40% and 30% best-day rules are calculated and how much profit you need to meet them.
- The basics: what a prop firm is, how challenges and funded accounts work, and how traders get paid.
Ready to compare firms? See the best futures prop firms, the best forex prop firms, or check your numbers with our free calculators.
For the numbers behind the industry, see our prop firm statistics: challenge prices, consistency rules, payout speed and profit splits across every firm we review.