Futures prop firm rules
Futures prop firm rules explained
Compare drawdown rules, consistency rules, payout rules, news trading rules, copy trading policies, and account restrictions across every futures prop firm that honors code PIP.
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Drawdown: the rule that decides everything else
The drawdown type determines how tight your max-loss line feels intraday and how you should size into winners. Every firm below follows one of four patterns. Each card lists the firms using that pattern, tap any firm to see the exact numbers on its review page.
Trailing drawdown
3 firmsThe drawdown line follows your equity high during the evaluation. Sizing up inside a winner can move the line faster than expected. Best for scalpers who book profit and flatten quickly.
End-of-day drawdown
7 firmsThe drawdown line is recalculated at the session close, using that day's closing balance. Gives more headroom intraday. Best for discretionary traders who like room to breathe mid-session.
Hybrid drawdown
2 firmsDrawdown trails up to a locked value and then stops trailing. A compromise between trailing and static. Rules differ by account tier, always verify on the firm's page.
Rules at a glance, every firm, every rule
Every firm in one scrollable matrix. Use it to shortlist before you open the firm pages.
| Firm | Drawdown | Consistency | News | Copy | Overnight | Min days |
|---|---|---|---|---|---|---|
| MyFundedFutures | Hybrid | 40% cap | Restricted | Restricted | Not allowed | 3 |
| Apex | Trailing | 30% cap | Restricted | Allowed | Not allowed | 7 |
| Take Profit Trader | End-of-day | 50% cap | Allowed | Restricted | Not allowed | 5 |
| FundedNext Futures | End-of-day | 40% cap | Restricted | Restricted | Not allowed | 5 |
| Lucid | Hybrid | 30% cap | Restricted | Restricted | Not allowed | 5 |
| Tradeify | End-of-day | 30% cap | Restricted | Allowed | Not allowed | 5 |
| Goat Funded Futures | Trailing | 40% cap | Restricted | Restricted | Not allowed | 5 |
| AquaFutures | End-of-day | 30% cap | Restricted | Allowed | Not allowed | 7 |
| BlueGuardian Futures | End-of-day | 30% cap | Restricted | Allowed | Not allowed | 5 |
| DayTraders | End-of-day | Yes | Restricted | Restricted | Not allowed | 5 |
| Elite Trader Funding | Trailing | Yes | Restricted | Allowed | Not allowed | 5 |
| TradeDay | End-of-day | No | Restricted | Restricted | Not allowed | 7 |
"Restricted" on news/copy means the rule applies with conditions, tap the firm to see the exact wording on its review page.
Rules that trip most traders up
Consistency rule
Applies to most futures prop firms and checked at payout request, not during the evaluation. A single outlier winning day above the firm's threshold will block the payout until other trading days rebalance the distribution.
News trading
Every firm with a restriction applies it to high-impact US economic releases. Holding through a restricted release is the fastest way to fail an otherwise-passing evaluation.
Copy trading
If copy trading is central to your workflow, confirm in writing before you scale into multiple accounts. Some firms allow it only across accounts you personally own; others disallow third-party automation entirely.
0 firms disallow
No firms in this bucket right now, rules rotate, re-check before buying.
Overnight holds
Nearly every futures prop firm requires positions flat by session close. Holding through the daily hard stop is grounds for failing the evaluation or the funded account, regardless of P&L.