DEFINITION
Prop Firm
A proprietary trading firm that funds retail traders after they pass an evaluation. Traders pay an evaluation fee and receive a funded account with profit splits after demonstrating consistent profitability.
Read the full TILT guide on Prop Firm →Related terms
FTMO
A Czech-based prop firm offering funded accounts up to $200K via a two-phase evaluation (Challenge + Verification). The benchmark most other prop firms are compared against.
Apex Trader Funding
A US-based futures prop firm offering funded accounts via a trailing drawdown evaluation model. No daily loss limit but a trailing max loss that follows equity highs.
Topstep
A US-based futures prop firm offering funded accounts via a Trading Combine evaluation. 90% profit split and strict no-overnight-holding rules.
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