What Is a Funded Trader? What the Firms' Own Pages Say
A funded trader is paid a share of results on a firm's account. Four firms' own pages show that account is often simulated; the evaluation fee is real.
FTMO, FundedNext, MyFundedFutures and Tradeify news trading rules read off their own pages, with the restricted windows on a UK clock.
Read the storyA funded trader is paid a share of results on a firm's account. Four firms' own pages show that account is often simulated; the evaluation fee is real.
What counts as a trading day at FTMO, Audacity Capital, Blue Guardian and FundedNext, read off their own pages, with FTMO's day boundary in UK time.
Trailing vs static drawdown read off one UK-facing firm that sells both: Alpha One's moving floor against Alpha Pro's fixed one, worked on $100,000.
The daily loss limit read off one UK-facing firm's own pages: Alpha Capital's 3-5% plan figures, balance vs equity, the 00:00 GMT+3 reset, worked examples.
A consistency rule caps how much of total profit one day may supply. Five firms' own pages, read September 2026: the percentages and what a failure costs.
A hard breach closes a prop firm account outright. We read Alpha Capital Group's own rules and refund pages for what triggers one and what it costs.
A soft breach is a rule break a prop firm penalises without closing the account. At Alpha Capital the trade's profit is voided; the loss stays.
The register check comes back clean for once: FTP London Ltd, 13719292, incorporated 2 November 2021 at 7 Bell Yard. Which forces the harder question of what a clean Companies House entry actually buys the customer.
Two rule movements at one firm inside 48 hours, pointing opposite ways. A tracker records the stop-loss mandate on all Sim. Funded accounts; the firm's own rules pages show no such rule for Prime X.
The brand name asserts a country. The footer names Wyoming, Utrecht and Saint Lucia, the two sets of terms are governed by Dutch and Texan law, and the phrase United Kingdom appears on none of the pages this desk read.
A Canary Wharf address on the front of the site, three companies registered anywhere but Britain in the footer, and a pricing table that is easier to read than either. The London-facing evaluation seller, graded on its own published pages.
Two limited-run experimental evaluations, two different loss-limit designs, and a page that as of this writing lists both as expired. What a UK buyer can check, and what disappears with the window.
A UK-facing evaluation seller that says the quiet part on its own homepage: all references to trading mean virtual trading. We grade the product against its own unusually candid documents.
A voluntary certification scheme for prop firms launched in July. The most useful sentence on its own page says the certificate is not licensing or authorisation.
A prop firm that trades on its UK positioning. We examine what the published programmes offer — and what 'UK-based' does and does not buy the customer.
We read the heavily marketed prop firm's published models the way an examiner reads a promotion: what the rulebook offers, what it demands, and where its complexity becomes the product's main risk.
Prop firms advertise payout totals with growing confidence. Here is what a published payout figure actually evidences — and the list of things it cannot.
Section 21 financial-promotion rules and AML obligations can reach prop firms whether or not they are authorised — a look at the UK compliance picture, as the scrutiny reportedly grows.