THE ULTIMATE GUIDE TO PROP FIRMS

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WHAT IS A PROP FIRM?

A proprietary trading firm provides capital to traders who pass their evaluation. You trade firm money and keep a percentage of profits.

HOW IT WORKS

1. Apply to the firm
2. Pass evaluation (profit targets + drawdown limits)
3. Receive funded account
4. Trade and keep your share of profits
5. Scale account with performance

BENEFITS

• Trade with firm capital
• No personal financial risk
• Up to 90% profit split
• Access to large accounts

DRAWBACKS

• Must pass evaluation
• Follow strict rules
• Can lose account
• Profit split means less earnings

CHOOSING A FIRM

• Profit split
• Account sizes
• Rules fairness
• Payout reliability
• Platform quality

OUR TOP PICKS

FunderPro – Best overall

FunderPro Futures – Best for futures

Disclosure: Affiliate links.

GATESFX: COMPLETE BROKER REVIEW

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WHAT IS GATESFX?

GatesFX is a forex and CFD broker. NOT a prop firm. You trade with YOUR money.

IMPORTANT

Unlike prop firms, you use your own capital. You keep 100% of profits but also bear 100% of losses.

ACCOUNT TYPES

• Standard – competitive spreads
• ECN – raw spreads + commission
• VIP – for larger accounts

PLATFORMS

MT4 and proprietary web platform.

REGULATION

Verify regulation status in your jurisdiction before opening account.

WHEN TO CHOOSE A BROKER

Choose a broker if you have sufficient capital and want full control without evaluation requirements.

Open Account

Disclosure: Affiliate links.

FUNDERPRO FUTURES: COMPLETE REVIEW

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OVERVIEW

FunderPro Futures specializes in funded accounts for futures traders. With access to global exchanges and professional platforms, they are the top choice for futures traders.

PROFIT SPLIT

Up to 85% – competitive for futures trading.

ACCOUNT SIZES

Start at $25K, scale to $150K.

MARKETS

• CME (ES, NQ, CL, GC)
• CBOT, NYMEX, COMEX
• European exchanges

PLATFORMS

TradingView, CQG, Rithmic – the best in futures trading.

VERDICT

Best prop firm for futures traders.

Apply

Disclosure: Affiliate links.

FUNDERPRO: COMPLETE REVIEW

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OVERVIEW

FunderPro is a leading prop firm offering funded trading accounts for forex and CFD traders. With profit splits up to 90% and account sizes up to $200,000, they are one of the most generous prop firms in the industry.

PROFIT SPLIT

Traders keep up to 90% of profits – the highest in the industry. This is a game-changer for serious traders.

ACCOUNT SIZES

Start with $10K, scale to $200K. The scaling path is clear and achievable with consistent performance.

EVALUATION

Two-phase process with reasonable targets. Most traders can pass with proper preparation.

PLATFORMS

MT4 and cTrader – both industry standards. Reliable execution and professional tools.

PAYOUTS

Bi-weekly payouts with $100 minimum. Fast and reliable.

RULES

5% daily drawdown, 10% total. Clear and fair.

VERDICT

FunderPro is our top pick for serious forex/CFD traders seeking funded accounts.

Apply Now

Disclosure: Affiliate links.

PROP FIRM FAQ

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What is a prop firm?

A company that provides capital to traders who pass their evaluation.

How do evaluations work?

Pass profit targets while staying within drawdown limits.

Is it free?

Most firms charge an evaluation fee.

Can I use robots/EAs?

Most allow automated trading with restrictions.

What happens if I breach drawdown?

Account termination.

How much can I earn?

Depends on account size and profit split. 90% of $10K/month = $9K.

Disclosure: Affiliate links.

MISTAKES TO AVOID

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1. OVERTRADING

More trades = more risk. Trade quality, not quantity.

2. IGNORING DRAWDOWN

Stay within limits. One breach = account termination.

3. TRADING NEWS

Most firms prohibit this. Avoid at all costs.

4. NO PLAN

Always have entry, exit, and risk plan before trading.

5. IMPATIENCE

Evaluation takes time. Do not force trades.

6. LARGE POSITIONS

Keep risk small. Position sizing is critical.

Disclosure: Affiliate links.

SCALING YOUR FUNDED ACCOUNT

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WHAT IS SCALING?

Increasing your account size based on performance.

TYPICAL SCALING PATH

$10K → $25K → $50K → $100K → $200K

REQUIREMENTS

• Consistent profitability
• No drawdown breaches
• Minimum trading days
• 30-60 day evaluation period

TIPS

• Focus on consistency
• Do not increase risk with larger accounts
• Build track record first

Disclosure: Affiliate links.

RISK MANAGEMENT ESSENTIALS

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THE GOLDEN RULE

Never risk more than 1-2% per trade.

POSITION SIZING

Calculate position size based on stop loss and account risk.

DAILY LIMITS

Stop trading when you hit 50% of daily drawdown.

CORRELATION

Avoid taking multiple correlated positions.

NEWS

Most firms prohibit news trading. Avoid it.

Disclosure: Affiliate links.

BEST TRADING PLATFORMS

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METATRADER 4 (MT4)

Most popular. Great for forex. Supports automated trading.

CTRADER

Professional grade. Excellent for ECN trading. Clean interface.

TRADINGVIEW

Best charting. Popular for futures. Web-based.

CQG

Professional futures. Used by prop firms worldwide.

RITHMIC

Low latency. Preferred by professional futures traders.

Disclosure: Affiliate links.

TIPS TO PASS EVALUATION

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1. START SLOW

First week: focus on not losing money. Small consistent gains.

2. USE TIGHT RISK

Never risk more than 1-2% per trade.

3. AVOID NEWS

Most firms prohibit trading during high-impact news.

4. TRADE LESS

Quality over quantity. Fewer trades = less risk.

5. HAVE A PLAN

Know your entry, exit, and risk before every trade.

6. BE PATIENT

Evaluation takes time. Do not rush.

Disclosure: Affiliate links.