Educational definition reviewed . Firm-specific usage may differ.
A firm that provides traders capital to trade, usually via an evaluation or direct funding model.
Prop firm is used here as a plain-language educational definition. Firms, platforms, and account programs may apply different conditions or calculations. Verify the current official terms before using this definition to make an account decision.
An account a trader receives after meeting requirements, eligible for payouts under firm rules.
A testing stage where you must hit targets while following risk rules to qualify for funding.
The structured evaluation program (profit target + drawdown/rules) required to get funded.
Evaluation with one phase instead of a multi-step process.
Evaluation requiring two phases (often “challenge” + “verification”).
A follow-up phase that confirms consistency after passing phase 1.
Review listed costs and rules, then confirm the applicable account terms with the firm.
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