Every rule that can end an account, explained once
12 rules defined in plain words, recorded across 0 firms — value, scope and source dates for each.
Rule topics
12
2 hard fail · 2 pass · 8 other
definitions and recorded values
Firms with rule records
0
published catalogue only
Published rule records
0
plan rules and labelled firm summaries
Records with sources
0
0%of 0 records
check terms before buying
The twelve rules
Open any rule to compare it across all recorded prop firms.
Daily loss limit
Hard failThe most you can lose in one day before the account ends. Balance- or equity-based; resets at a fixed UTC time.
Maximum drawdown
Hard failThe floor under your account. Static from the start balance, or trailing behind your peak balance.
Profit target
Pass conditionWhat you must earn to pass a phase. Per phase, as a % of the starting balance.
Minimum trading days
Pass conditionDays with at least one closed trade before you can pass or request a payout.
News trading
VariesWhether you may open or hold trades around high-impact economic releases.
Weekend holding
VariesWhether positions may stay open over the Friday weekend close.
Overnight holding
VariesWhether positions may be held past the daily market close. Common on futures desks.
EAs and bots
VariesAutomated strategies. Most firms allow EAs and block HFT or latency arbitrage.
Copy trading
VariesCopying between your own accounts or from others. Often limited to your own accounts.
Leverage limits
Maximum leverage per asset class and phase; usually lower on instant accounts.
Refund policy
MoneyWhether the evaluation fee comes back after passing or upon first withdrawal.
Consistency rule
Payout conditionA cap on how much of a payout may come from one day or one trade.
How to read any firm’s rules page in two minutes
- 1
Find the two loss rules
Daily loss and maximum drawdown are the limits that end an account. Check the basis (balance or equity) and whether the drawdown trails.
- 2
Check what applies on funded
Consistency caps, news locks and payout minimums often apply only after you pass. Read the funded-stage terms, not just the evaluation.
- 3
Look for the date
Each rule record shows its source and the date it was last verified, where recorded. Confirm anything older on the firm’s own terms page.
Every rule record carries its scope and source.
Firm summaries are labelled separately from exact plan rules.
No rule changes are published yet.
Rule changes logWorked example
$50K Account with a 4% Daily Loss Limit ($2,000)
You close two losing trades for −$1,400 and hold a third open trade at −$700 floating loss.
Closed tradesFloating lossCounted toward the limit
−$1,400
Room left
$600
Only closed trades count ($1,400 < $2,000 limit). Kinder to swing traders.
Counted toward the limit
−$2,100
Over the limit
$100
Combined floating loss hit $2,100 ($2,100 > $2,000). The account ends the moment the line is crossed, not at midnight.
Daily loss limit — plan comparison
The most you can lose in one day before the account ends. Balance- or equity-based; resets at a fixed UTC time.
No published values for this rule yet
The definition above is available. Firm-specific values will appear when a plan revision containing this rule is published.
Questions
Which rule fails most evaluations?
Breach frequencies have not been recorded in this catalogue. Review both maximum drawdown and daily loss limits, including the calculation basis and reset time, for the exact plan.
What is the difference between Balance-based and Equity-based daily loss?
Balance-based measures only closed trades during that day. Equity-based measures floating unrealised profit and loss in real-time. With equity-based rules, an open dip beyond the limit breaches the account immediately, even if the trade later recovers into profit.
Are rules different on futures desks?
Yes. Futures desks frequently enforce end-of-day trailing drawdowns rather than intraday trailing drawdowns, have strict contract limits, and often mandate flattening all positions before the daily electronic market close.
What if a firm’s site says something different?
Check the linked source and verification date. Confirm current terms with the provider before purchase; an older recorded rule may no longer apply.
