Fundamentals
Disclaimer
Disclaimer: This guide was written with AI assistance, reviewed for accuracy by the Proptary editorial team, and kept up to date. It's for education only — not financial advice. Prop trading and the financial markets carry a significant risk of loss, so consider your own situation and consult a licensed advisor before you trade.
Firm reviews, rule explainers, payout verification
Proptary editorial team independently reviews prop trading firms, verifies payouts, and explains the rules that decide who keeps an account. We disclose affiliate relationships and publish methodology for every score.
All Fundamentals Articles
One-Step vs Two-Step Challenge: Which Fits Your Strategy?
Compare one-step vs two-step challenge models. Learn how trailing drawdown, profit targets, and static loss limits impact your risk before buying an evaluation.
Proptary Team
How to Choose a Prop Firm: A Step-by-Step Vetting Framework
Learn how to choose a prop firm by evaluating drawdown formulas, payout reliability, and consistency rules. Avoid common challenge traps.
Proptary Team
How to Get a Funded Account: A Guide for Traders
Learn how to get a funded account step by step, compare evaluation models, and manage prop firm drawdown rules to avoid common breaches. Read the full guide.
Proptary Team
Prop Firm vs Hedge Fund: Structure and Career Paths
Compare prop firms vs hedge funds: explore simulated vs AUM capital, hedge fund economics vs profit splits, regulatory obligations, and career track records.
Proptary Team
What Happens If You Blow a Funded Account?
Discover what happens if you blow a funded account, including drawdown limits, payout forfeiture, and next steps to take. Read the full guide.
Proptary Team
How Does a Funded Account Work? A Trader's Complete Guide
Learn how funded accounts work: fee structures, evaluation challenges, B-book simulated execution, profit splits, and trailing drawdown rules explained.
Proptary Team
Are Prop Firms Worth It? The Reality and Risks
Are prop firms worth it? We break down hidden trailing drawdown traps, strict consistency rules, and the math behind the evaluation fee.
Proptary Team
Types of Prop Firms: Evaluation, Instant, Direct Funding
Learn the key differences between evaluation, instant funding, and institutional prop firms. Choose the model that suits your strategy.
Proptary Team
What Is a Funded Account? The Guide for Prop Traders
Discover what a funded account is, how the modern simulated capital model works, and the risk rules you must follow.
Proptary Team
Prop Firm vs Broker: Which Matters More for Your Capital?
Learn the structural differences between a prop firm and a traditional broker, how capital is risked, and which model fits your trading.
Proptary Team
What Is a Prop Firm Challenge? Evaluation Process Explained
A prop firm challenge is a simulated evaluation test. Learn how Phase 1 and 2 rules, profit targets, and trailing drawdowns work before paying a fee.
Proptary Team
Are Prop Firms Legit or a Scam? Funded Accounts Explained
Are prop firms legit or a scam? We expose how simulated accounts work, why most traders fail evaluation challenges, and key red flags to avoid.
Proptary Team