Prop Firm Rules Explained (2026): Drawdown, Consistency, Payouts & What Gets You Disqualified
By Steve H — reads every firm’s official rulebook, checks prices and codes daily, and maintains the Enigma Score · Methodology · Editorial policy · Last updated June 24, 2026
In short: Most traders lose a prop firm account by breaking a rule, not by failing to make money. The rules that matter are the drawdown model, the daily loss limit, the consistency rule, news, weekend and EA restrictions, and payout terms. This guide explains each one and shows them side by side for every firm we track.
- rules
- drawdown
- payouts
- evaluations
Most traders who lose a prop firm account don't lose it by failing to make money — they lose it by breaking a rule they didn't fully understand. Every firm publishes a rulebook, and the differences between firms live in the specific numbers and edge cases each one chooses.
This is the plain-English reference to every rule type that matters, and how to read them before you pay for a challenge. For the current rules at a specific firm, the live summary table further down links straight to each firm's full review, and you can put any two firms side by side on the comparison hub.
How do prop firm drawdown rules work?
Drawdown is the maximum your account can fall before it's breached. The model matters more than the number. Static drawdown sits at a fixed level and never moves. End-of-day (EOD) trailing drawdown only updates at the daily close, so intraday swings don't breach you. Intraday trailing drawdown follows your highest unrealised balance tick-by-tick and is the hardest to survive.
For a full breakdown of each model and which suits which trader, see our guide on drawdown explained. When comparing firms, the drawdown *model* is usually the single most important rule for active futures traders — see the best futures prop firms.
What is a daily loss limit?
Many firms add a maximum daily loss on top of overall drawdown — a hard stop on how much you can lose in a single day. Size every position against this limit, not against the profit target: a single oversized day ends more evaluations than a slow week ever will.
What is a consistency rule?
A consistency rule caps how much of your total profit can come from a single day (commonly 30–50%). It exists to stop one lucky day from "passing" an account. The fix is to spread gains across more days — if you have a big day early, keep trading smaller to dilute its share. Not every firm has one, and the threshold varies, which is exactly the kind of difference the live table below surfaces.
Can you trade news, hold over weekends or run EAs?
Strategy-dependent rules decide whether a firm fits you at all: whether you can trade through high-impact news, hold positions over the weekend, or run expert advisors (EAs) and copy trading. A high profit split is worthless if the rulebook bans your strategy — always check these before the price.
Forex and futures firms differ a lot here; the best forex prop firms list is a good place to start if your edge depends on news or automation.
How do prop firm payout rules work?
Passing is only half the job — getting paid is the other half. Check the payout frequency (on-demand, weekly, bi-weekly or monthly), the minimum trading days before a first withdrawal, and the profit split. If a firm won't pay reliably, the rules above don't matter; our guide on what to do if a prop firm won't pay out covers the warning signs.
Prop firm rules at a glance — every firm we track
Drawdown model, profit split, payout frequency and the live discount for every prop firm FundedEnigma tracks, refreshed daily. Click any firm for its full rulebook, or compare any two on the comparison hub.
| # | Prop Firm | Enigma Rating | Profit Split | Drawdown | From | Discount (code) | Updated |
|---|---|---|---|---|---|---|---|
| 1 | Vest Marketsperps | 9.6/10 (Elite) | 80/20 or 90/10 (evaluation, chosen at purchase); 95% (Instant) | Static (6% evaluation; 2-4% Instant, equal to the fee) | $9.75 | 2.5% off (SIFUNDEDENIGMA) | November 1, 2026 |
| 2 | E8 Markets Perpsperps | 9.1/10 (Elite) | 80% (E8 One up to 100%) | Dynamic (One) · Static (Pro) · EOD dynamic (Signature) | $109 | 50% off (Enigma) | November 1, 2026 |
| 3 | Hola Primeforex | 9.0/10 (Elite) | 80/20 (95/5 on the monthly cycle; Direct 80/20 or 90/10) | Static (challenges) / EOD trailing (Direct) | $191.40 | 40% off (FE) | November 1, 2026 |
| 4 | Traders Launchfutures | 8.9/10 (Excellent) | 80/20 or 55/45 | EOD | $49 | 25% off (FE) | November 1, 2026 |
| 5 | FundingPipsforex | 8.9/10 (Excellent) | Up to 95% (100% on monthly cycle) | Static (Zero: trailing) | $179.20 | 20% off (80975C2F) | November 1, 2026 |
| 6 | FundedNext CFDforex | 8.8/10 (Excellent) | 80% (90% after Scale-Up, 95% with the Lifetime Reward add-on); 2-Step/Lite payout options 60% or 90%; Instant 70% to 80%; FNL:002 85% | Static (Stellar challenges, FNL:002) / Trailing (Stellar Instant, stops at the initial balance) | $229.99 | — | November 1, 2026 |
| 7 | Topstepfutures | 8.7/10 (Excellent) | 90/10 | EOD | $49 | — | November 1, 2026 |
| 8 | FXIFYforex | 8.7/10 (Excellent) | 80/20 (90% with add-on) | Static or trailing depending on program | $174.30 | 30% off (FXIFYV5NREK) | November 1, 2026 |
| 9 | FTMOfutures | 8.6/10 (Excellent) | 90/10 | EOD trailing (locks at the initial balance) | $119 | — | November 1, 2026 |
| 10 | Day Tradersfutures | 8.5/10 (Excellent) | 100% (no split) | EOD / Intraday Trailing / Static (chosen per account) | $50 | — | November 1, 2026 |
Show all 46 firms (36 more)
| # | Prop Firm | Enigma Rating | Profit Split | Drawdown | From | Discount (code) | Updated |
|---|---|---|---|---|---|---|---|
| 11 | Alpha Futuresfutures | 8.5/10 (Excellent) | 90/10 | EOD | $64.50 | 50% off (Siraj025236) | November 1, 2026 |
| 12 | Top One Futuresfutures | 8.5/10 (Excellent) | 90/10 (80/20 on X-Daily Spark) | EOD trailing (locks at start +$100); Intraday option on Elite Access funded | $39 | 50% off (FE) | November 2, 2026 |
| 13 | Blue Guardianforex | 8.5/10 (Excellent) | 80/20 (90% add-on; Nano up to 100%) | Trailing (1 Step, Instant) / static (2 Step) | $82.55 | 35% off (FE) | November 1, 2026 |
| 14 | FTMO CFDforex | 8.5/10 (Excellent) | 80/20 on the 2-Step (90/10 via the Scaling Plan or Prime Status); 90/10 on the 1-Step and the Instant Account | Static (2-Step) / end-of-day trailing on balance (1-Step) / intraday trailing on balance (Instant) | $359 | — | November 1, 2026 |
| 15 | MyFundedFuturesfutures | 8.4/10 (Excellent) | 90/10 (Rapid) / 80/20 (Builder, Pro) | EOD trailing (Rapid funded: intraday trailing) | $153 | — | November 2, 2026 |
| 16 | MyFundedPerpsperps | 8.4/10 (Excellent) | 80/20 (90/10 upgrade) | Static (3% / 5% / 6%), locks at the starting balance on the first withdrawal | $190 | — | November 1, 2026 |
| 17 | FundedNextfutures | 8.3/10 (Excellent) | 95% (Flex) · 90% (Rapid) · 80% (Legacy) | EOD trailing | $74.99 | 48% off (FE) | November 1, 2026 |
| 18 | TradeDayfutures | 8.3/10 (Excellent) | 80/20 (50/50 until $4K profit) | Intraday or EOD (chosen at purchase); funded sim intraday (Quick Pay) / EOD (Fast Pass) | $53 | 55% off (FE) | November 1, 2026 |
| 19 | Blue Guardian Futuresfutures | 8.3/10 (Excellent) | 90/10 | EOD trailing | $65 | 35% off (FE) | November 1, 2026 |
| 20 | Lucid Tradingfutures | 8.1/10 (Excellent) | 90/10 | EOD | $75.60 | 40% off (FE) | November 1, 2026 |
| 21 | Phidias Propfirmfutures | 8.1/10 (Excellent) | 80/20 (Premium progressive 75% -> 100%) | Static (Express to Live) / EOD trailing (Fundamental, Premium) | $65.60 | 60% off (FE) | November 2, 2026 |
| 22 | BluSky Trading Companyfutures | 8.1/10 (Excellent) | 90/10 (Instant 80/20) | EOD trailing (150K+ static; Instant intraday trailing) | $49 | 30% off (FE) | November 1, 2026 |
| 23 | Funded Futures Networkfutures | 8.0/10 (Excellent) | 80/20 | EOD trailing | $53.40 | 50% off (FE) | November 2, 2026 |
| 24 | Apex Trader Fundingfutures | 7.9/10 (Strong) | 100% payout split | Intraday Trailing or EOD (chosen at purchase) | $24.90 | 90% off (FE) | November 2, 2026 |
| 25 | Tradeify 247perps | 7.9/10 (Strong) | 80/20 (95% add-on) | Static 6% (1-Step / 2-Step) / end-of-trade trailing 6% (Instant) | $350 | 40% off (FE) | November 1, 2026 |
| 26 | The5ersforex | 7.9/10 (Strong) | 50-100% (Pro Growth 75-100%, Hyper Growth 50-100%, High Stakes 80-100%, Bootcamp 50-100%, Summer 75-80%, Futures 80/20) | Static (CFD) / EOD trailing (futures) | $100 | — | November 1, 2026 |
| 27 | Take Profit Traderfutures | 7.8/10 (Strong) | 80/20 (PRO) · 90/10 (PRO+) | EOD (test) / Intraday (PRO) / EOD (PRO+) | $170 | — | November 2, 2026 |
| 28 | Funded Trading Plusforex | 7.8/10 (Strong) | 80/20 (add-ons to 85-90%, up to 100% with scaling) | Trailing (Instant, 1-Step) / static (2-Step) | $223.30 | 30% off (FE) | November 1, 2026 |
| 29 | Blueberry Futuresfutures | 7.7/10 (Strong) | 90/10 | EOD (Ascent) / intraday trailing (Accelerated) | $73.60 | 60% off (SIRAJ-1AD84) | November 1, 2026 |
| 30 | Hola Prime Futuresfutures | 7.6/10 (Strong) | 90/10 | EOD trailing (locks at the initial balance) | $159 | — | November 1, 2026 |
| 31 | Upcomers Futuresfutures | 7.6/10 (Strong) | 90% standard (80% or 100% chosen at checkout; the price changes) | End-of-Day trailing (locks at the starting level) | $99 | 90% off (enigma) | November 1, 2026 |
| 32 | FFN Perpsperps | 7.6/10 (Strong) | 100% (fixed payout per 5% target) | EOD trailing 3% to the cycle baseline (Core) / static 4% (Pro) / static 5% (Max) | $119 | — | November 1, 2026 |
| 33 | Bulenoxfutures | 7.5/10 (Strong) | 90/10 (first $10K 100%) | EOD or Trailing (chosen at purchase) | $143 | 89% off (FE) | November 1, 2026 |
| 34 | Legends Tradingfutures | 7.5/10 (Strong) | 90/10 | EOD trailing | $59 | — | November 2, 2026 |
| 35 | For Tradersforex | 7.5/10 (Strong) | 80/20 (Fast: 70-90% selectable; Instant 70-90%; Instant Pro 60-90%; Crypto Fast Pro 90/10) | Trailing (Fast / Instant), static (Fast Static / Classic), EOD (Futures, Crypto Fast Pro) | $7.65 | 15% off (QE5P2WV3L5) | November 1, 2026 |
| 36 | Tradeifyfutures | 7.4/10 (Strong) | 90/10 | EOD | $145 | — | November 2, 2026 |
| 37 | E8 Markets Futuresfutures | 7.3/10 (Strong) | 80/20 (Zero up to 100%) | EOD dynamic (locks at the initial balance) | $115.70 | 20% off (Enigma) | November 1, 2026 |
| 38 | Funded Futures Familyfutures | 7.3/10 (Strong) | 90/10 | EOD (Prime, Choice, S2F Payday) / intraday trailing (Velocity, S2F Accelerate) | $177 | — | November 2, 2026 |
| 39 | Instant Fundingforex | 7.3/10 (Strong) | 80/20 (90% add-on; IF1 90/10) | Trailing (Evolve: static/EOD) | $69.30 | 30% off (FE) | November 1, 2026 |
| 40 | Upcomersforex | 7.1/10 (Strong) | 90% standard (80% or 100% chosen at checkout; the price changes) | Trailing to the starting level (Dynamic Risk Shield) · static on Phoenix | $169 | 90% off (enigma) | November 1, 2026 |
| 41 | Upcomers Perpsperps | 7.1/10 (Strong) | 90% standard (80% or 100% chosen at checkout; the price changes) | Trailing to the starting level (Dynamic Risk Shield) · static on Phoenix | $69 | 90% off (enigma) | November 1, 2026 |
| 42 | Phoenix Trader Fundingfutures | 7.1/10 (Strong) | 90/10 (Daily 80/20; Merit 50/50 then 80/20) | EOD trailing (Spark funded: real-time; Merit/live: static) | $89.60 | 40% off (FE) | November 2, 2026 |
| 43 | Options Fundingoptions | 6.9/10 (Strong) | 80/20 | EOD trailing (Growth) / intraday trailing (Express) | $83.70 | 70% off (FE) | November 2, 2026 |
| 44 | Earn 2 Tradefutures | 6.8/10 (Strong) | 80/20 | EOD (eval & LiveSim) / Trailing (Live) | $170 | 60% off (FE) | November 1, 2026 |
| 45 | Elite Trader Fundingfutures | 6.8/10 (Strong) | 100% of the first $25,000, then 90/10 (LIVE ELITE 80/20) | Live trailing / EOD / static depending on plan | $207 | — | November 1, 2026 |
| 46 | Strix Options Fundingoptions | 6.7/10 (Strong) | 80/20 | EOD trailing (Strix, Strix Pro) / intraday trailing (Express) | $103.05 | 55% off (FE) | November 1, 2026 |
Reviewed and maintained by Steve H, Lead Researcher, FundedEnigma. Figures update automatically from each firm’s official site.
FAQ
What is the most common prop firm rule that traders break?
The maximum daily loss or overall drawdown — usually from over-sizing a position or revenge-trading after a loss. The second most common is the consistency rule, breached by a single outsized day.
Do all prop firms have a consistency rule?
No. Some firms have no consistency rule; others cap a single day at 30–50% of total profit. The live table above shows the drawdown model, profit split and payout frequency per firm, and each firm review spells out its consistency rule in full.
Which prop firm has the easiest rules?
There is no single answer — "easiest" depends on your strategy. Static or end-of-day drawdown is friendlier for active traders; firms that allow news trading and EAs suit automation. Use the comparison hub to weigh the rules that matter to you.
More from the blog: Strix Options Funding Plans Compared (2026): Strix, Express & Strix Pro · Strix Pro Review (2026): Sell Options, Spreads & Iron Condors, Prices & Payouts · Strix Options Funding Express Review (2026): 8% Target, Prices & Payouts
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