Frequently Asked Questions
Everything you need to know about prop firms and exclusive discount codes in 2026.
What is a proprietary trading firm?
A proprietary trading firm (or "prop firm") provides capital to traders who can prove their profitability and risk management skills. Traders typically undergo an evaluation phase (a challenge). Once passed, they receive a funded account and keep a large percentage (often 80-90%) of the profits they generate, while the firm covers any losses.
How do prop firm discount codes work?
Most reputable prop firms offer coupon codes to partners and affiliates. By using the verified discount codes listed on our site at checkout, you can significantly lower the upfront cost of your evaluation challenge. Our platform automatically provides you with the exact promo, coupon, or referral code needed for each specific firm to ensure you get the best possible deal.
Do prop firms still accept US traders in 2026?
Yes, but the landscape has changed. Due to regulatory shifts, many prop firms have restricted US clients or migrated them away from MetaTrader (MT4/MT5) onto platforms like TradeLocker or DXtrade. Firms like DNA Funded and Darwinex Zero have specific structures that accommodate US traders. Always check our firm reviews to see the current US-trader status before buying a challenge.
Which prop firm is the best for beginners?
The "best" firm depends on your trading style. Beginners often prefer firms with straightforward evaluations and excellent trading conditions, such as FXIFY. Those looking for alternative platforms might consider Moneta Funded, while experienced traders might prefer Darwinex Zero or trading directly with a low-cost true broker like Fusion Markets.
What is the difference between trailing drawdown and static drawdown?
A static drawdown is calculated based on your initial starting balance and never moves (e.g., if you start with $100k and have a 10% static drawdown, your breach level is always $90k). A trailing drawdown moves up as your account hits new high-water marks, making it slightly harder to manage. Beginners generally prefer static drawdowns or End-of-Day (EOD) drawdowns for easier risk management.
Should I choose a 1-Step or 2-Step prop firm challenge?
A 1-step challenge requires you to hit a single profit target (usually 8-10%) to get funded, and often features a trailing drawdown. A 2-step challenge requires you to pass two phases (e.g., 8% then 5%) but typically offers a static daily drawdown and more relaxed trading rules. Aggressive traders prefer 1-step, while conservative traders usually opt for 2-step models.
Are prop firms legit or scams?
While the industry has seen its share of unreliable companies, there are many highly legitimate, broker-backed prop firms that pay out millions to traders monthly. Scams usually involve hidden rules or denial of payouts. To protect yourself, only trade with verified firms that have proven track records. You can use our "Broker-Backed" or "Regulated Broker" filters above to find the most secure options.
Do prop firms allow EAs (Expert Advisors) and bots?
Many modern prop firms fully support automated trading. Firms like FXIFY and Blueberry Funded allow the use of Expert Advisors (EAs), algorithms, and trading bots during both the evaluation and funded stages, provided they don't violate specific high-frequency trading (HFT) restrictions. Use our "EAs Allowed" filter at the top of the page to instantly view compatible firms, and don't forget to claim our free Custom MT5 Tool Suite when you sign up!
What platforms do prop firms use besides MT4 and MT5?
Due to recent licensing changes, many prop firms have diversified their trading platforms. Beyond the standard MetaTrader 4 and 5, you will frequently find excellent alternatives like DXtrade, TradeLocker, TradingView, and cTrader / Match-Trader. Our comparison table allows you to filter firms based precisely on these platform offerings.
Can you hold trades over the weekend on a prop firm?
Weekend holding rules vary significantly between companies. Some strictly require all positions to be closed before the market closes on Friday to prevent gap risks, while others (like FXIFY) allow weekend holding, giving swing traders much more flexibility. Always verify the specific rules of the firm before purchasing a challenge.
How long does it take to get a prop firm payout?
Payout processing times have improved drastically. While the industry standard used to be 30 days, many top-tier firms now offer payouts every 14 days. Some industry leaders even provide "On-Demand" payouts with no minimum waiting period once you are a fully funded trader.
Are copy trading and VPNs allowed on funded accounts?
Most reputable prop firms allow you to copy trade between your own accounts using a trade copier. However, copying trades from third-party signals or managing accounts for other people is strictly prohibited and will result in a payout denial. Using a VPN is generally discouraged as firms use IP tracking to prevent account management fraud.
Are these prop firm discounts verified?
Yes. Unlike generic coupon sites, we actively test and verify every single code. We provide transparent screenshot proof inside every listing showing exactly what the checkout page looks like when the promo code is successfully applied.
