Plain-English explainers of prop firm rules.
Rules & Mechanics
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 Rules & Mechanics Articles
Trailing vs. Static Drawdown in Prop Trading
Discover the critical differences between trailing and static drawdowns in prop trading to protect your account.
Proptary Team
What Is the Consistency Rule in Prop Trading?
Discover what the consistency rule is, how profit caps are calculated, and how to avoid breaches.
Proptary Team
High-Frequency Trading (HFT) Prop Firms: How They Work
Learn how HFT prop firm rules work, why algorithms fail live account audits, and how to protect payouts.
Proptary Team
What Is Drawdown in Trading? Mechanics, Formulas, and Prop Firm Traps
Learn what drawdown in trading means and how peak-to-trough limits affect funded accounts.
Proptary Team
What Is Maximum Drawdown in Trading? Formula & Rules Explained
Learn what maximum drawdown means in prop trading, how to calculate it, and how static vs trailing limits work.
Proptary Team
Prop Firm Rules Explained: Drawdowns, Consistency, Payouts
Learn how prop firm rules work, from trailing drawdown traps to consistency rules.
Proptary Team