Futures prop firm glossary

Maximum Loss Limit (MLL)

The loss threshold that ends the account. Depending on the firm it is measured on the end-of-day balance, on the highest equity reached intraday (trailing), or fixed once and for all (static).

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

Trailing drawdown

The threshold follows your gains upward. Intraday trailing follows unrealised equity you never banked — the part that catches most traders out.

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

End of day (EOD)

The threshold is recalculated only at the session close, on the balance actually booked. Markedly easier to track than intraday trailing.

Static drawdown

The threshold never moves from its opening figure. Often granted once a buffer has been built.

Buffer

A cushion of profit you must build before the drawdown stops trailing, or turns static.

Daily Loss Limit (DLL)

The most you may lose in a single session. Hitting it locks the account for the day, or ends it outright, depending on the firm.

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

Consistency rule

A cap on the share any single day may represent in total profit. At 30%, a $3,000 target forbids any day above $900 of profit. The lower the percentage, the tighter the rule.

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

Profit target

The gain required to pass the evaluation, typically 6% of the simulated account size.

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

Minimum trading days

The number of sessions you must actually trade before you can pass, even if the target is already met.

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

Activation fee

Paid after passing, to open the funded account. One-off, monthly, or simply not published — see the dedicated page.

Reset

Buying back a failed evaluation. Sometimes cheaper than the original price, sometimes identical, sometimes not offered at all.

Scaling plan

A schedule that raises the number of contracts you may trade as the account grows. The table below gives the contract ceiling recorded for each plan, not the step schedule.

Rules read on the pass of August 16, 2026. Unlike fees they carry no per-line date, so this one date covers the whole table.

Payout split

How profits are shared between trader and firm. "90/10" means 90% to the trader.

Sim-funded account

A funded account held in simulation: the firm may or may not mirror your orders on the live market, and pays you on simulated performance. It is the dominant model.

Payout

Withdrawing your profits. Check the minimum waiting period, how often you may request, and the cap per request.

Microscalping

Very short-lived positions taken for a few ticks. Banned or restricted by some firms, with the tolerance rarely put in figures.

Every firm guide states which of these rules apply, with the figures taken from the source.