Prop Firm Rules
In the prop trading industry, rules can vary significantly from one firm to another. This page summarizes key rules for each firm and highlights any important changes.
FTMO Rule Overview
- Daily Loss Limit: Maximum daily loss is 5% of the initial account balance.
- Maximum Loss: Total loss across the account must not exceed 10%.
- Trading Period: 30 days for Challenge, 60 days for Verification.
Expert Advisors & Algorithmic Trading
- EAs are allowed as long as they are not high-frequency or latency arbitrage systems.
- Copy trading between your own FTMO accounts is allowed.
- Using third-party paid signals or shared algos across multiple prop firms is prohibited.
News Trading
- News trading is allowed during both Challenge and Verification.
- Slippage and spread widening should be expected on major events.
Weekend Holding
- Weekend holding is not allowed in the Challenge or Verification phases.
- Weekend holding is allowed on funded FTMO Accounts.
Scaling Plan
- Eligible after 4 profitable months with at least 10% total profit.
- Scaling increases account size by +25% with better payout conditions.
FTMO rules may change — always confirm the latest details on the official FTMO website.
The5ers Rule Overview
- No time limit on most evaluation programs.
- Daily loss limit: 5% (varies by program).
- Overall loss limit: 6%–8% depending on challenge type.
Account Rules
- No minimum trading days.
- Trading allowed during high-impact news events.
- EA & algo trading allowed as long as risk control is stable.
- Hedging allowed across pairs.
- No weekend holding for certain programs (boosted programs allow it).
Scaling Plan
- Scale every time you reach 10% profit target.
- Balance increases + profit split increases over time.
- Possible scaling up to $4M depending on performance.
Trading Style
- Scalping, swing trading, and day trading fully allowed.
- Holding overnight permitted for most evaluation types.
- Copy trading from master accounts allowed if not abusive.
E8 Markets Rule Overview
- Daily Drawdown: 5% of starting-day equity.
- Overall Drawdown: 8% (applies to evaluation & funded).
- Trading Period: 30 days Phase 1, 60 days Phase 2.
Trading Conditions
- Minimum trading days: 1 day for each phase.
- Leverage: Up to 1:100 on major pairs.
- All trading styles allowed: scalping, news trading, swing, intraday.
- Holding trades overnight & over weekends allowed.
Expert Advisors & Copy Trading
- EAs & algos allowed if not latency/hyper-scalping systems.
- No martingale, grid, or arbitrage-based strategies.
- Copy trading allowed from your own master account.
- Copying third-party unverified signals is not allowed.
Consistency Requirements
- No strict consistency score, but abusive lot-size variation can trigger review.
- Traders must maintain controlled risk across positions.
News Trading
- News trading allowed during all phases.
- High volatility periods may include increased spread and slippage.
Scaling Plan
- Scale every 8% profit on funded accounts.
- Account balance increases with progressive payouts.
- Long-term scaling allows large capital allocations.
Other Account Rules
- Maximum 2 active funded accounts per trader per program.
- Account sharing strictly prohibited.
- Hedging allowed across pairs within the same account.
E8 Markets updates rules periodically — verify the latest conditions on the official E8 dashboard.
FundingPips Rule Overview
- No time limit for the evaluation phase.
- Daily Drawdown: 5% of starting-day equity.
- Overall Drawdown: 8% (static drawdown model).
Account Rules
- No minimum trading days required.
- Static drawdown applies to both phases and funded accounts.
- Leverage: Up to 1:100 depending on asset type.
- Crypto trading allowed 24/7.
EA & Algorithmic Trading
- EAs allowed if not using HFT or latency arbitrage.
- No martingale, grid, or risky compounding systems.
- Risk parameters must be consistent across trading days.
Copy Trading Policy
- Copy trading allowed between your own accounts.
- Risk must be synced and non-abusive.
- Third-party copy signal services not allowed.
News Trading
- News trading fully allowed with no restrictions.
- Slippage and spread widening expected during major releases.
Scaling Plan
- Scale up every time you hit 10% profit on funded accounts.
- Account balance can increase gradually with strong consistency.
Trading Style
- Scalping, swing, algo, intraday all allowed.
- Holding overnight allowed.
- Weekend holding allowed for most assets.
FundingPips regularly updates its rules — always verify latest details on the official dashboard.
OANDA Rule Overview
- Fully regulated multi-asset broker with strict compliance rules.
- Allows EA, algo trading & API strategies.
- No minimum trading days and no evaluation phases.
Trading Conditions
- Leverage varies by region (typically 1:30 in regulated markets).
- Overnight holding allowed.
- No restrictions on news trading.
- Ultra-low slippage and deep liquidity due to institutional routing.
EA & Automation
- API trading fully supported (REST, MT4, TradingView signals).
- Latency arbitrage prohibited.
- Scalping and high-frequency strategies allowed unless abusive.
Account Types
- Standard, Core, and Swap-free accounts available.
- Negative balance protection based on region.
OANDA rules vary by regulatory jurisdiction — verify the rules for your specific region.
Top One Trade Rule Overview
- Two-phase evaluation with flexible trading conditions.
- Daily Drawdown: 5% | Total Drawdown: 10%.
- News trading and overnight holding allowed.
Trading Rules
- Minimum trading days: 0 (one-day pass allowed).
- Leverage up to 1:100.
- Crypto trading allowed 24/7.
- No hidden consistency score.
EA & Copy Trading
- EAs & algos allowed except high-frequency arbitrage.
- Copy trading allowed across personal accounts.
- Signal service mirroring not allowed.
News Trading
- News trading fully permitted.
- Spreads may widen during major events.
Scaling Program
- Scale every 10% profit on funded accounts.
- Payouts increase progressively with scaling.
Top One Trade updates its funding rules regularly — verify the latest details on the official site.
FundedNext Rule Overview
- Daily Drawdown: 5% based on starting-day equity.
- Overall Drawdown: 10% static model.
- No minimum trading days for evaluation.
Account Rules
- No time limit for funded accounts; flexible evaluation period.
- Leverage up to 1:100 for FX majors.
- Crypto available 24/7 depending on liquidity conditions.
- Trailing drawdown applies only until initial balance is restored.
Consistency Rules
- No strict consistency score, but extreme lot-size spikes can trigger review.
- Traders must maintain reasonable trade size distribution.
- Risk-per-trade recommended under 2% for long-term scaling.
EA & Algorithmic Trading
- EAs allowed except HFT, latency arbitrage, and tick manipulation systems.
- Grid, martingale, or extreme compounding strategies prohibited.
- Custom indicators, VPS & automated risk control allowed.
Copy Trading
- Copy trading allowed between your own accounts.
- High-volume mirroring to multiple accounts not allowed.
- Signals from external providers allowed if risk-controlled.
News Trading
- News trading allowed during evaluation and funded stages.
- Expect slippage and variable spreads during major events.
- No restrictions on holding positions through news.
Scaling Plan
- Scale every time 10% profit is reached on funded accounts.
- Successful scaling increases capital allocation significantly.
- Payout structure improves with long-term consistency.
Other Key Rules
- Weekend holding allowed depending on the instrument.
- Hedging allowed within the same account only.
- One trader cannot manage multiple funded accounts beyond the allowed limit.
FundedNext frequently updates its trading rules — always verify details on the official dashboard.