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Ombra

Read the prop firm rules before you pay

  • ES
  • Rules
Illustration with simulated data: Read the prop firm rules before you pay
Illustration with simulated data. Not real market prices.

Most surprises in a prop evaluation come from a rule the trader had not read. A short checklist before you pay saves money and stress.

Drawdown: the amount, whether it trails, whether it is intraday or end of day, and whether it stops trailing at a set level.

Daily loss limit: whether there is one, how it is counted, and whether hitting it ends the account or only pauses the day.

Consistency: the percentage, what it is compared with, and when it is checked.

Trading limits: maximum contracts, which products are allowed, rules around news releases, holding overnight or over weekends, and whether copiers or automated tools are allowed.

Costs and payouts: the fee, resets, monthly data costs, refund terms, payout rules, minimum days and any rules that apply only after the evaluation.

Keep a copy or screenshot of the rules on the day you pay, since terms can change. If something is unclear, ask the firm in writing before you start.

Read: how evaluations work

Education only. Not advice. Trading futures carries risk of loss; evaluations use simulated accounts.