What is prop trading and how does it work?

Prop trading lets you trade a firm's capital after passing an evaluation or buying instant funding. You keep a published share of profits while the firm sets risk rules. Futures prop firms focus on CME products with drawdown and payout terms you must read on their site.

How does FirmMatch rank firms?

We use five comparison categories: Rules Clarity, Value Score, Drawdown Value, Community Trust, and Speed to Fund. The list order is our editorial view for 2026. It is not financial advice. Always confirm terms on each firm's official website.

How do I choose the best prop firm for my trading style?

Short list firms that support your platform, drawdown preference, and budget. Read evaluation and funded rules on each site. Compare profit split tables, reset fees, and payout steps before you pay for any challenge.

What is the difference between EOD, TDD, and static drawdown?

End of day drawdown usually updates at the session close. Trailing drawdown can move with your equity high during the day. Static drawdown stays tied to a published starting balance. Each firm defines these differently on its rules page.

What is instant funding vs evaluation challenges?

Evaluation challenges require meeting published targets under rules before funded status. Instant funding skips the eval for a different fee or rule set. Compare total cost on each firm's site, not only the headline price.

Why do some firms show extra details on FirmMatch?

Some cards include published price, split, or platform details when available. Others link to the official site only. Tradesea is a platform Halcyon lists; it is not a separate prop firm on our comparison table.

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Comparisons

Prop Firm Profit Split: Compare Published Terms

How to read and compare futures prop firm profit splits using each firm's official documentation.

May 21, 20265 min read

Profit split is the share of profits you keep after funding. Published tiers differ by firm and can change. Evaluation and funded rules may not match.

Compare splits the same way for each firm

Open the profit split page on each official site
Note whether tiers depend on account size
Check if funded split differs from evaluation marketing
Record payout caps or consistency rules

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