Guides
Futures Prop Firm Guides
Plain-English guides on futures prop firm rules, evaluation mechanics, drawdown types, activation fees, payouts, and how to use code PIP.
Basics
What is a futures prop firm?
A futures prop firm is a company that funds traders with firm capital in exchange for a profit split, once the trader proves discipline in a paid evaluation. This guide covers the business model, the rules that decide whether you get paid, and how discounts like code PIP fit in.
Read the guideFutures prop firm red flags
Most prop firm complaints trace back to one of a small number of patterns. This guide lists the rule, pricing, platform, and payout warning signs so you can spot a problem firm before you buy.
Read the guideEvaluation mechanics
Funded accounts
Futures funded accounts explained
A futures funded account is the live or live-mirrored account you get after passing a prop firm evaluation. This guide walks through the full lifecycle, evaluation → activation → funded trading → first payout, and the rules that actually matter at each stage.
Read the guideFutures prop firm consistency rules
The consistency rule is why some traders pass an evaluation and then can't withdraw their profit. This guide explains what consistency means at each major firm, how the typical 30% rule works, and how to plan trading days around it.
Read the guideFutures prop firm payout rules
Payout rules decide whether a funded account actually pays. This guide covers every common payout term, timing, minimums, splits, consistency conditions, and common fail reasons, with examples from major firms.
Read the guidePricing
Futures prop firm activation fees
Activation fees are the second cost most traders forget. This guide explains what activation is, why firms charge it, which firms charge the most, and how to think about total cost to your first payout.
Read the guideReset vs new evaluation
When you bust an evaluation you have two options: pay the reset fee and keep going, or buy a fresh evaluation with the PIP discount. The right answer depends on fees, current PIP rate, and whether your plan needs adjusting.
Read the guide