PropFirm Lion

A proprietary trading firm, or prop firm, is a company that provides traders with access to its capital to trade financial markets. Instead of risking their own money, traders pass an evaluation challenge to prove their skills. If successful, they receive a funded account and share a percentage of the profits they generate.

A 1-step evaluation requires you to hit a single profit target to get funded, usually with stricter drawdown rules. A 2-step evaluation has two phases: Phase 1 has a higher profit target, and Phase 2 has a lower target. 2-step evaluations typically offer better trading conditions once funded.

The profit split is the share of the profits from your funded account that you keep, with the firm taking the rest. Splits vary by firm and often start around 80%, with some programs raising them to 90% or more through scaling plans. Always check the split that applies to your account type.

When choosing a prop firm, consider the evaluation rules (time limits, drawdown limits), profit split percentages, payout frequency, and the trading platforms offered (MT4, MT5, cTrader). Our side-by-side comparison guides on PropFirmLion help you filter firms based on these exact criteria.

Daily drawdown limits how much your account can lose in a single day, and maximum drawdown limits your total loss. Firms calculate these differently (for example from your starting balance or from your highest balance), and breaching either limit usually ends the account. Read how each firm calculates them before you buy.

No. You trade the firm's capital, so your own financial risk is generally limited to the fee you pay, plus any retake or reset fees. Breaking the rules can fail your challenge or funded account, and fees are usually non-refundable unless the firm's policy says otherwise. Some firms refund the fee with your first payout.

Once you are funded and meet the firm's requirements, such as minimum trading days or a profit threshold, you request a payout and receive your share of the profits. Schedules differ: some firms pay bi-weekly, others on demand. Check the payout rules, minimums and supported payment methods before choosing a firm.

Look for payout reports, independently tracked or on-chain payout data, and recent trader reviews, and treat a firm's own totals as claims rather than proof. Our payout tracker labels each figure by who reported it. Clear rules and consistent payout reports over time are good signs.

Yes. We work directly with the prop firms listed on our site to bring you exclusive discount codes. Copy the code from our review or comparison table and paste it at the firm's checkout. Offers can change at any time, so confirm that the discount is applied before you pay.

We may earn affiliate commissions when you sign up through our links, but this never influences our editorial judgment. Our reviews are independent and fact-checked. If a firm has poor payouts or changes rules negatively, we update our reviews accordingly to maintain transparency.