Prop Firm Glossary
Understand the most important prop firm terms, rules, and account features before choosing a funded trading challenge. Learn what funding caps, drawdowns, payouts, evaluations, and retries mean.
Account Balance is the total amount of money in a trading account at any given moment. It reflects all closed trades only. Profits or losses....
Account Size refers to the total capital allocated to a trader at the start of a trading program. It is the amount of money a....
Add Ons are optional features or upgrades that traders can purchase when joining a prop firm evaluation or managing an active account. These extras are....
Algo Trading refers to the use of automated systems that execute trades based on predefined rules or algorithms. These algorithms analyze market data, identify opportunities,....
Copy Trading is a trading method where trades from one account are automatically replicated on another account. This allows traders to mirror the actions of....
Daily Loss Limit is a risk management rule that sets the maximum amount a trader is allowed to lose in a single trading day. If....