Every term you’ll meet across challenges, rules and payouts — defined in plain language for traders, reviewers and firm operators.
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 from open…
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 trader can use to place trades,…
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…
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 a…
Coupon Code is a promotional code provided by a prop firm that gives traders a discount on evaluation fees or account purchases. When applied during checkout,…
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 losses reach this limit, the…
Dashboard is the control panel provided by a prop firm where traders can monitor their account performance, rules, and trading status. It displays key…
Drawdown refers to the reduction of an account’s value from its highest point to a lower level due to trading losses. It measures how much capital has been…
Dynamic Drawdown is a drawdown model where the maximum allowed loss adjusts as the account balance or equity increases. As a trader makes profits, the drawdown…
EA (Expert Advisor) is an automated trading program used on MetaTrader platforms that executes trades based on predefined rules. It can open, manage, and close…
EOD Drawdown , short for End of Day Drawdown, is a drawdown rule that is calculated based on the account balance at the end of the trading day. Unlike intraday…
Equity represents the real time value of a trading account, including both the account balance and any unrealized profit or loss from open positions. It…
Equity Based Drawdown is a drawdown rule that measures losses using account equity rather than balance. Since equity includes unrealized profit and loss from…
Evaluation Account is a simulated trading account used by prop firms to assess a trader’s skill, discipline, and risk management before granting access to a…
Free Retry is a feature offered by some prop firms that allows traders to restart an evaluation or challenge without paying an additional fee. This option is…
Funding Cap refers to the maximum amount of capital a trader can manage with a prop firm at any given time. This limit applies across all funded accounts held…