If you are looking up FTMO rules, you will usually find them next to the rules of other prop firms, and those rules differ in ways that matter. A 4% daily limit measured on balance is not the same as a 4% limit measured on equity, and a trailing maximum loss moves its floor up as your account grows. This guide puts FTMO rules beside six other firms and the Yo Pips rules, using the same fields for each, so you can compare like with like. Yo Pips is itself a prop firm and is the publisher of this comparison.
What FTMO rules and other prop firm rules cover
The firms in these tables use a similar set of rule types, though they name and calculate them differently. Loss limits decide when an account ends. The profit target decides when an evaluation can end in a pass. Minimum trading days and time limits set how long the process takes, and the permission rules on news, weekend holding, EAs and copy trading set what you may do while you trade. Each column in the tables below is one of those rule types, and each row is one programme from one firm.
Two things make a rule hard to compare: the base it is measured on, and the moment it resets. Both are set out in the next section, so read it before you use the tables.
How to read a rule: balance, equity and reset time
- Balance counts closed trades only. Equity adds the floating profit or loss on open trades. A limit measured on equity is reached sooner by an open losing trade.
- Static limits count from a fixed starting figure and do not move. Trailing limits move up with the highest balance or equity the account reaches, so the floor rises as the account grows. Where a captured page states it, a trailing floor does not move back down after a loss, as with FundedNext Stellar Instant.
- Reset time is when the daily figure starts again. The pages captured here use different times: FTMO 00:00 CE(S)T, FundedNext Stellar 2-Step 00:00 server time, Goat Funded Trader 1-Step and Blue Guardian 5:00 PM EST, Maven Trading 00:00 UTC, and Yo Pips UTC. Some firms describe an end-of-day figure without giving a time on the pages checked.
Once you know the basis and the reset time, you can convert any percentage into a dollar figure for your account and check it against your own session times.
Worked example: how the basis changes the result
The figures below are a hypothetical account, not the rules of any firm. The account starts the day with a $10,000 balance, so a 5% daily limit is $500.
Daily limit, balance basis. A closed trade loses $420, so the balance falls to $9,580. The loss counted on balance is $420, which is $80 inside the $500 limit. No breach.
Daily limit, equity basis. The same closed loss, plus an open trade floating at -$140, leaves equity at $9,440. The loss counted on equity is $10,000 minus $9,440, which is $560. That is above the $500 limit, so the account breaches, even though the closed trade on its own was only $420.
Trailing maximum loss. Take a 6% trailing limit from a high-water mark of $10,000, which gives a floor of $9,400. Now an open trade floats at -$650 while the closed balance stays at $10,000. Measured on the closed balance, the account is still above $9,400, so there is no breach. Measured on equity at $9,350, it is below the floor, so there is a breach. Read the basis before you rely on a limit.
Loss limits, profit targets and minimum days compared
The tables are selective and do not list every programme each firm sells. The first table covers each programme’s profit target, daily loss, and maximum loss with its basis. Read it across each row. The same percentage can mean different things once the basis and the reset are known. Where a cell says Not stated, the firm’s pages we checked did not give that figure.
Swipe sideways to see every column.
| Programme | Profit target | Daily loss | Maximum loss and its basis |
|---|---|---|---|
| FTMO | |||
| 2-Step challenge | Phase 1 10%; Phase 2 5% | 5% of initial capital below the 00:00 CE(S)T balance, checked on equity | 10% of initial capital, static, measured on equity |
| 1-Step challenge | 10% | 3% of initial capital below the 00:00 CE(S)T balance, checked on equity | 10%, end-of-day trailing from the highest balance; measured on equity |
| Instant Account | None shown in the Instant Account table | 3% of initial capital below the 00:00 CE(S)T balance, checked on equity | 10%, intraday trailing, balance-based; measured on equity |
| FundedNext | |||
| Stellar 1-Step | 10% | 3% of initial balance | 6%; balance or equity must not fall below 94% of initial balance. The blog calls it static; the help article does not say |
| Stellar 2-Step | Phase 1 8%; Phase 2 5% | 5% of initial balance, reset 00:00 server time | 10%; balance or equity must not fall below 90% of initial balance, a floor the blog says stays fixed for the whole phase |
| Stellar Lite | Phase 1 8%; Phase 2 4% | 4% of initial balance per day | 8%; must not fall below 92% of initial balance. Static or trailing is not stated |
| Stellar Instant | None | None | 6% of initial balance, trailing from the highest recorded balance; stops at the starting balance |
| The5ers | |||
| 1 Step Hyper Growth (Growth tab of the Hyper Growth page) | 10% | 3% daily pause: the account is disabled for the day and is not terminated | 6% stop-out level below the initial account size; the account is terminated |
| 1 Step Pro Growth (default tab of the Hyper Growth page) | 10% | 3% of the higher of the day’s starting equity or balance, at 00:00 MT5 server time | 6% stop-out level below the initial account size; the account is terminated |
| 2 Step High Stakes | New plan: Step 1 10%, Step 2 5%. Classic plan: Step 1 8%, Step 2 5% | 5% on accounts up to $25,000; the page’s plan data shows 4% on the $50,000 and $100,000 sizes. Taken from the higher of the day’s starting equity or balance at MT5 server time (High Stakes page); reaching it terminates the account (explainer) | 10% of the initial balance (explainer) |
| 3 Step Bootcamp | 6% in each of 3 steps | None shown for Steps 1 to 3; a 3% daily pause at the Pro Trader stage | 5% in Steps 1 to 3; 4% at the Pro Trader stage; static or trailing is not stated |
| Goat Funded Trader | |||
| 1-Step | 10% (Step 1) | 3% of the higher of balance or equity, at 5:00 PM EST; 2% if chosen at checkout | 6%, static; floor at 94% of starting capital |
| 2-Step GOAT | Step 1 8%; Step 2 6% | 4%; the trading rules count trading days from 5 PM EST | 10%, static |
| 3-Step | 6% in each of 3 steps | 4% | 8%, static |
| Instant GOAT | None listed; an immediate funded account | 3%, resets daily | 6%, trailing; balance or equity basis not stated |
| Alpha Capital Group | |||
| Alpha One (6%, 10% or 12% plan) | 6%, 10% or 12%, single phase | 6% plan: 3% in evaluation and 4% on the Qualified Account; 10% plan: 4%; 12% plan: 5%; on the higher of end-of-day balance or equity | 4%, 6% or 8% by plan, trailing from the high-water mark (highest balance reached). On Qualified Accounts bought after 21 July 2026, a separate Max Risk rule closes the account if open drawdown on one asset reaches 3% ($5,000 to $25,000 accounts) or 2% ($50,000 to $200,000) (terms 3.3) |
| Alpha Pro (6%, 8% or 10%) | Pro 6%: 6% then 6%; Pro 8%: 8% then 5%; Pro 10%: 10% then 5% | 3% (Pro 6%); 4% (Pro 8%); 5% (Pro 10%) | 6%, 8% or 10% by plan, static from the starting balance. On Qualified Accounts bought after 21 July 2026, a separate Max Risk rule closes the account if open drawdown on one asset reaches 3% ($5,000 to $25,000 accounts) or 2% ($50,000 to $200,000) (terms 3.3) |
| Alpha Direct (qualified account, no evaluation) | None; the account is qualified from purchase | 3% | 5%, trailing from the high-water mark; stops once the balance reaches initial balance plus 5%. A separate Max Risk rule closes the account if open drawdown on one asset reaches 1%, on all account sizes (help article; the terms limit the rule to accounts bought after 21 July 2026) |
| Blue Guardian | |||
| Instant Standard | None | 3% of initial balance, reset 5:00 PM EST, on the higher of balance or equity | 6%, trailing from the highest closed balance; locks at the starting balance after 6% profit |
| 1 Step Standard | 9% (accounts bought from 20 August); 10% earlier | 4%, reset 5:00 PM EST, on the higher of balance or equity | 6%, trailing from the highest closed balance; locks at the starting balance after 6% profit |
| 2 Step Standard | Phase 1 8%; Phase 2 4% | 4%, reset 5:00 PM EST, on the higher of balance or equity | 8%, static, equity-based |
| Maven Trading | |||
| Standard 1-Step | Phase 1 8% | 3%, on the higher of balance or equity at 00:00 UTC | 5%, trailing, based on running equity |
| Standard 2-Step | Phase 1 8%; Phase 2 5% | 4%, on the higher of balance or equity at 00:00 UTC | 8%, static from the initial balance |
| Instant Funding | None | 2%, resets 00:00 UTC | 3%, trailing, based on running equity, plus a separate 1% floating-loss rule (balance minus equity) |
| Yo Pips | |||
| 1-Step Pay Later | 10% | 4%; floating P/L counts; UTC reset | 8%, measured on equity; the rules page’s compliance list says trailing drawdown applies |
| 2-Step Pay Later | Phase 1 8%; Phase 2 5% | 5%; floating P/L counts; UTC reset | 10%, measured on equity; the rules page’s compliance list says trailing drawdown applies |
| Instant Funding | None (no evaluation) | 3%; floating P/L counts; UTC reset | 6%; the rules page’s compliance list says trailing drawdown applies, and the balance or equity basis is not stated |
Minimum trading days and time limits for the same programmes are in the next table.
Swipe sideways to see every column.
| Programme | Minimum trading days | Time limit |
|---|---|---|
| FTMO | ||
| 2-Step challenge | 4 trading days; the rule applies to both phases | Unlimited |
| 1-Step challenge | None shown on the 1-Step page; FTMO’s page for US residents says no minimum trading days | Unlimited |
| Instant Account | None shown in the Instant Account table | Unlimited |
| FundedNext | ||
| Stellar 1-Step | 2 separate days with at least 1 trade each | None |
| Stellar 2-Step | 5 separate days per phase, 1 trade a day | None |
| Stellar Lite | 2 separate days per phase | None |
| Stellar Instant | None | Not stated |
| The5ers | ||
| 1 Step Hyper Growth (Growth tab of the Hyper Growth page) | None shown; the page says no minimum trades or days are needed to complete level 1 | Unlimited; accounts inactive for more than 30 consecutive days expire |
| 1 Step Pro Growth (default tab of the Hyper Growth page) | 3 minimum profitable days; the explainer defines a profitable day as closed positions making at least 0.5% of the initial balance | Unlimited; accounts inactive for more than 30 consecutive days expire |
| 2 Step High Stakes | 3 per step; a profitable day is one where closed positions made at least 0.5% of the initial balance, measured from the lower of the midnight balance or equity against the previous day’s balance | Unlimited; inactive accounts expire after 30 days |
| 3 Step Bootcamp | None in evaluation (explainer) | Unlimited; inactive accounts are closed after 30 days |
| Goat Funded Trader | ||
| 1-Step | 3 profitable days in Step 1; 4 per payout when funded | No time limit; an account with no trades for 30 consecutive days is breached |
| 2-Step GOAT | Listed as 3 / 3 / 3 per payout; 4 per payout for accounts bought from 25 July 2026 | No time limit; an account with no trades for 30 consecutive days is breached |
| 3-Step | None in evaluation; 4 per payout when funded | No time limit; an account with no trades for 30 consecutive days is breached |
| Instant GOAT | 5 profitable days | No time limit; an account with no trades for 30 consecutive days is breached |
| Alpha Capital Group | ||
| Alpha One (6%, 10% or 12% plan) | 1 trading day | No maximum trading days |
| Alpha Pro (6%, 8% or 10%) | 3 trading days per phase | No maximum trading days |
| Alpha Direct (qualified account, no evaluation) | No evaluation; 5 trading days before the first bi-weekly payout (terms) | No maximum (the terms list it as not applicable) |
| Blue Guardian | ||
| Instant Standard | 5 days to request a payout, each at 0.5% gain | No time limit (product page) |
| 1 Step Standard | 3 trading days, each at 0.5% gain | No time limit (product page) |
| 2 Step Standard | 3 days for accounts bought on or after 20 August; 5 for earlier accounts | No time limit (product page) |
| Maven Trading | ||
| Standard 1-Step | No minimum (FAQ) | No time limit (pricing page); at least one trade every 30 days to stay active (FAQ) |
| Standard 2-Step | 3 profitable days (0.5% each) in each phase and in each payout cycle | No time limit |
| Instant Funding | Shown as a dash on the pricing page | None listed on the pricing page; at least one trade every 30 days to stay active (FAQ) |
| Yo Pips | ||
| 1-Step Pay Later | 4 days | Unlimited in evaluation, unless a promotional offer says otherwise; an account with no trading for 30 consecutive calendar days may be archived, suspended or closed |
| 2-Step Pay Later | 5 trading days | Unlimited in evaluation, unless a promotional offer says otherwise; the same 30-day inactivity rule applies |
| Instant Funding | No evaluation; 5 active trading days apply to the first payout | Rulebook PDF: unlimited. The rules page shows no time limit for Instant Funding. The same 30-day inactivity rule applies |
Some rows look alike and behave differently. Two firms can both show a 6% maximum loss, but one is static from the starting balance and the other trails the highest balance. Check the basis every time, not only the percentage. For a closer look at The5ers’ Hyper Growth and Pro Growth programmes beside Yo Pips, see our Yo Pips vs The5ers comparison.
News, weekend, EA and copy-trading rules compared
The permission rules are where wording differs most. Several firms allow news trading but reduce the profit that counts from trades placed near a release. Some firms state that a permission is allowed on challenge accounts but not on funded accounts. Where a cell says Not stated, do not assume the activity is permitted.
Swipe sideways to see every column.
| Programme | News trading | Weekend holding |
|---|---|---|
| FTMO | ||
| 2-Step and 1-Step challenges | Allowed freely in the Challenge and Verification phases, provided FTMO’s forbidden trading practices are avoided. On FTMO Accounts other than Swing type, no order execution from 2 minutes before to 2 minutes after selected releases | Allowed freely in the Challenge and Verification phases, on the same condition. On FTMO Accounts other than Swing type, positions must be closed before market breaks longer than 2 hours |
| Instant Account | The news FAQ applies the 2-minute restriction to all accounts except Swing type and Challenge or Verification accounts, and names the Instant Account in its breach wording | The FAQ applies the 2-hour market-break rule to all accounts except Swing type and Challenge or Verification accounts, and names the Instant Account in its breach wording |
| FundedNext | ||
| Stellar 1-Step and 2-Step | News trading rules apply. On funded accounts, only 40% of the profit from trades placed within 5 minutes before and after a high-impact news event on a correlated pair counts; losses remain fully the trader’s responsibility | Allowed on challenge and funded accounts, with swap charges |
| Stellar Lite | On funded accounts, trades within 5 minutes of a high-impact release on a correlated pair count for 40% of profit; losses remain fully the trader’s responsibility. The article states no news rule for the challenge phases | Allowed on challenge and funded accounts |
| Stellar Instant | News trading rules apply. Trades placed within 5 minutes before and after a high-impact news event on a correlated pair count for 40% of profit; losses remain fully the trader’s responsibility | Allowed without restriction; swap charges apply |
| The5ers | ||
| 1 Step Hyper Growth and Pro Growth (both tabs) | Allowed, except bracket strategies around news (terms) | Holding allowed; holding indices carries a high swap |
| 2 Step High Stakes | Allowed; trades placed 2 minutes before or after high-impact news are not allowed | Overnight and weekend holding allowed; indices carry a high swap |
| 3 Step Bootcamp | Allowed, except bracketing strategies | Weekend movements allowed; holding indices may carry fees |
| Goat Funded Trader | ||
| 1-Step, 2-Step, 3-Step and Instant (general rules) | Allowed; profit on a trade opened or closed within 5 minutes of a red-folder release is capped at 3% of initial balance for accounts bought on or after 10 November 2026, and 1% for earlier accounts | Allowed; opening trades only to exploit the Monday gap is not allowed, and funded-account profits from trades opened in the last 3 market hours on Friday and closed in the first 3 on Monday are removed |
| Alpha Capital Group | ||
| Alpha One | Product page: unrestricted in evaluation, and no opening or closing trades on listed instruments 5 minutes either side of listed events on the Qualified Account. The help article describes the 5-minute window and does not say whether it applies only to the Qualified Account | Allowed in evaluation and on the Qualified Account |
| Alpha Pro | Product page: unrestricted in evaluation, and no opening or closing trades on listed instruments 5 minutes either side of listed events on the Qualified Account. The help article describes the 5-minute window and does not say whether it applies only to the Qualified Account | Allowed in evaluation; not allowed on the Qualified Account |
| Alpha Direct | Allowed; no new trades and no closes on the targeted instrument from 5 minutes before to 5 minutes after the release | Not allowed |
| Blue Guardian | ||
| Instant Standard | Help page: opening and closing trades restricted 5 minutes either side of high-impact and FOMC news; the same page also says news trading is not allowed on accounts bought after 13 November 2025; profits from such trades may be removed. The product page lists news trading as “No” for the Instant plan | Allowed |
| 1 Step Standard and 2 Step Standard | Allowed on challenge accounts; on funded accounts, opening or closing trades is restricted 5 minutes either side of red-folder and FOMC news, and profits from such trades may be removed | Allowed |
| Maven Trading | ||
| Standard 1-Step and 2-Step | Restricted from 2 minutes before to 2 minutes after applicable Red Folder releases | Permitted |
| Instant Funding | Fully permitted | Permitted |
| Yo Pips | ||
| 1-Step, 2-Step and Instant | Not allowed | Overnight holding is allowed. Weekend holding is not allowed unless an instrument specification or special plan rule says otherwise |
Expert advisor and copy-trading rules for the same programmes are in the next table.
Swipe sideways to see every column.
| Programme | Expert advisors (EAs) | Copy trading |
|---|---|---|
| FTMO | ||
| 2-Step and 1-Step challenges | Not found on FTMO’s main pages checked on 10 November 2026. Its page for US residents says you can use discretionary trading, algorithmic trading or EAs, provided the trading is legitimate and replicable | Not found on the pages checked |
| Instant Account | Not found on the pages checked | Not found on the pages checked |
| FundedNext | ||
| Stellar 1-Step and 2-Step | Allowed below $50,000 with settings matched to the account; EA add-ons not offered at $50,000 and above | Allowed between challenge accounts owned by the same trader; prohibited between different people and on any funded account |
| Stellar Lite | Allowed below $50,000; EA add-on not offered at $50,000 and above | Same as Stellar 1-Step and 2-Step |
| Stellar Instant | Allowed if customised to your own strategy and within platform rules | Only between Stellar Instant accounts owned by the same individual |
| The5ers | ||
| 1 Step Hyper Growth and Pro Growth (both tabs) | Explainer: permitted across programmes, except systems that exploit price feeds or latency. Terms: your own automated software needs prior written approval, and third-party software is prohibited | Explainer: copying between your own accounts is permitted, and external signal copying is prohibited. Terms: no trade coordination or copy trading with other traders or accounts |
| 2 Step High Stakes | Explainer: permitted across programmes, except systems that exploit price feeds or latency. Terms: your own automated software needs prior written approval, and third-party software is prohibited | Explainer: copying between your own accounts is permitted, and external signal copying is prohibited. Terms: no trade coordination or copy trading with other traders or accounts |
| 3 Step Bootcamp | Explainer: permitted across programmes, except systems that exploit price feeds or latency. Terms: your own automated software needs prior written approval, and third-party software is prohibited. Bootcamp page: each active account must have a different strategy | Explainer: copying between your own accounts is not permitted on Bootcamp, and external signal copying is prohibited. Terms: no trade coordination or copy trading with other traders or accounts |
| Goat Funded Trader | ||
| 1-Step, 2-Step, 3-Step and Instant (general rules) | Third-party EAs not allowed; self-developed EAs allowed, with proof of ownership on request; HFT, gold arbitrage and trade-copier EAs not allowed; from 6 October 2026, VPNs, VPSs and other hosting services are not allowed during trading | Only the GOAT Trade Copier between your own accounts, from 12 October 2026; copying others is not permitted |
| Alpha Capital Group | ||
| Alpha One | The product page has an EA heading with no text; EAs are disabled on swap-free and Alpha Direct accounts. The EA help article was not read, so other EA rules are not stated | Only copying from your own external account. Copying other traders is reviewed and, if a breach is found, ends the account (terms 9.1.5) |
| Alpha Pro | EAs disabled on Swap-Free accounts (terms). The EA help article was not read, so other EA rules are not stated | Only copying from your own external account |
| Alpha Direct | EAs cannot be used | Only copying from your own external account (terms 9.1.5, which applies to every Alpha account) |
| Blue Guardian | ||
| Instant Standard | Allowed for your own strategy; VPS or VPN use to bypass copy, group or signal rules is prohibited | Third-party copiers allowed only between accounts legally owned by the same holder |
| 1 Step Standard and 2 Step Standard | Allowed for your own strategies | Only between accounts legally owned by the same holder; copying another trader’s account is not allowed |
| Maven Trading | ||
| Standard 1-Step and 2-Step | Prohibited | Only copying your own trades between your accounts, done manually |
| Instant Funding | Prohibited | Only copying your own trades between your accounts, done manually |
| Yo Pips | ||
| 1-Step, 2-Step and Instant | Allowed unless the EA breaks a prohibited-practice rule | Allowed only between accounts owned and verified by the same trader, unless Yo Pips states otherwise |
Yo Pips rules from its rules page and rulebook
Yo Pips publishes its rules in two places: the rules and regulations page and the rulebook PDF. They give the same programme figures. The 1-Step Pay Later programme has a 10% profit target, a 4% daily loss limit, an 8% maximum loss limit and a minimum of 4 trading days. The 2-Step Pay Later programme has profit targets of 8% in phase 1 and 5% in phase 2, a 5% daily loss limit, a 10% maximum loss limit and a minimum of 5 trading days. Instant Funding has no evaluation, a 3% daily loss limit and a 6% maximum loss limit.
Both sources also say that profit targets count closed profit only, that the daily loss includes floating profit and loss, commissions and swaps for the current day, that the evaluation maximum loss is measured on equity, and that daily figures reset at UTC unless otherwise stated. Both allow EAs and indicators unless they break a prohibited-practice rule, and both allow overnight holding. Both list latency arbitrage, feed-delay exploitation, sharing accounts or devices, and strategies built to exploit the simulated environment as prohibited.
On permissions, the rules page and its compliance list say that news trading is not allowed, that overnight holding is allowed and that weekend holding is not allowed unless an instrument specification or special plan rule says otherwise. Copy trading is allowed only between accounts owned and verified by the same trader, unless Yo Pips states otherwise. Scalping is allowed, except with a holding time of 2 minutes or less. Hedging and high-frequency trading are not allowed, and the prohibited list also covers latency arbitrage and feed-delay exploitation. The compliance list says trailing drawdown applies. The downloadable rulebook PDF words the news trading, weekend holding, hedging, scalping and high-frequency trading rules differently; on those points the rules page is the current version. Checkout terms take precedence over the rules page, and rules can change.
Three items are in the rulebook PDF only, and the rules page does not state them: the Instant Funding time limit, the first-payout timing for the Pay Later programmes, and the fee rule for Instant Funding.
This page does not compare fees. For the Yo Pips fee structure, see our guide to challenge fees.
Where the sources disagree or are incomplete
We have recorded these conflicts and gaps rather than choosing one reading. Each one is worth checking on the firm’s own page before you rely on it.
- The5ers: its explainer article says EAs are permitted across programmes, while its terms require written approval before any automated trading software is used. The same article says three minimum profitable days apply in each High Stakes step, while its best-fit table describes High Stakes as having no minimum days in evaluation phase 1. One sentence in the article gives High Stakes a 3% daily loss and Pro Growth 5%, the reverse of its own table and of the product pages.
- FundedNext Stellar Instant: the help page says the limit trails the highest recorded balance. One of its breach statements refers to equity and another to balance.
- Goat Funded Trader: the news profit cap depends on the purchase date, so check which cap applies to your account.
- Alpha Capital Group Alpha One and Alpha Pro: the product pages and the terms say news is unrestricted in evaluation and restricted on Qualified accounts, while the help articles describe a 5-minute window and do not say whether it applies only to the Qualified Account.
- Blue Guardian Instant Standard: the help page describes a 5-minute news restriction and also says news trading is not allowed on accounts bought after 13 November 2025.
- Alpha Capital Group: the EA help article was not read, so the EA cells give only what the product pages and terms state.
- FTMO: no page we checked on 10 November 2026 stated a copy-trading rule, and its Forbidden Trading Practices page was not read. The only EA statement we found is on its page for US residents, which says that service is available only to US residents and US entities.
Firms not covered
FundingPips and E8 Markets are not in the tables. FundingPips’ site returned HTTP 429 (too many requests) to our requests on 10 November 2026, and E8 Markets’ rules were not captured for this guide. We have not filled their rows from search results or third-party pages. Look at each firm’s own rules page before you compare it with the rest.
How to use this comparison
- Compare the basis first. A percentage on equity and the same percentage on balance are different limits. Write the basis next to each figure.
- Convert each limit to dollars. Multiply the percentage by the account size and the basis. Our position size calculator guide shows how to size a trade against a daily limit.
- Match the reset time to your session. A daily limit that resets at 5:00 PM EST and one that resets at 00:00 UTC cover different parts of your trading day.
- Treat Not stated as an open question. Ask the firm, or read its terms, before you assume a permission.
- Test your process first. Check it against the daily limit of the programme you want before you pay for anything.
If you are comparing whole firms rather than rules, see our FTMO alternatives guide, and our prop firm challenge guide explains how the one-step, two-step and instant models differ.
Sources
Each list below gives the firm’s own pages that the figures on this page came from. Every page was checked on 10 November 2026. The5ers’ plan tabs and FTMO’s tables were read in a browser on the same day, because the figures change with the option selected. Figures marked Not stated were not on those pages.
FTMO
- https://ftmo.com/en/2-step-challenge/ (checked 10 November 2026)
- https://ftmo.com/en/1-step-challenge/ (checked 10 November 2026)
- https://ftmo.com/en/instant-account/ (checked 10 November 2026)
- https://ftmo.com/en/trading-objectives/ (checked 10 November 2026)
- https://ftmo.com/lp/ftmo-challenge-1-step-vs-2-step/us/ (checked 10 November 2026)
- https://ftmo.com/en/faq/can-i-trade-news/ (checked 10 November 2026)
- https://ftmo.com/en/faq/can-i-hold-positions-overnight-or-over-the-weekend/ (checked 10 November 2026)
FundedNext
- https://help.fundednext.com/en/articles/17252927-stellar-1-step-account (checked 10 November 2026)
- https://help.fundednext.com/en/articles/17255124-stellar-2-step-challenge (checked 10 November 2026)
- https://help.fundednext.com/en/articles/17253939-stellar-lite-account (checked 10 November 2026)
- https://help.fundednext.com/en/articles/17253243-stellar-instant-account (checked 10 November 2026)
- https://help.fundednext.com/en/articles/11982358-does-fundednext-allow-holding-trades-over-the-night-weekend (checked 10 November 2026)
- https://help.fundednext.com/en/articles/8020351-what-are-the-restricted-prohibited-trading-strategies (checked 10 November 2026)
- https://fundednext.com/blog/fundednext-cfds-stellar-1-step-explained (checked 10 November 2026)
- https://fundednext.com/blog/fundednext-cfds-stellar-2-step-explained (checked 10 November 2026)
The5ers
- https://the5ers.com/hyper-growth/ (checked 10 November 2026)
- https://the5ers.com/high-stakes/ (checked 10 November 2026)
- https://the5ers.com/bootcamp/ (checked 10 November 2026)
- https://the5ers.com/terms-and-conditions/ (checked 10 November 2026)
- https://the5ers.com/challenge-programs-bootcamp-high-stakes-hyper-growth-explained/ (checked 10 November 2026)
Goat Funded Trader
- https://help.goatfundedtrader.com/compare-models.html (checked 10 November 2026)
- https://help.goatfundedtrader.com/trading-rules.html (checked 10 November 2026)
- https://help.goatfundedtrader.com/rewards.html (checked 10 November 2026)
- https://help.goatfundedtrader.com/1-step.html (checked 10 November 2026)
- https://goatfundedtrader.com/ (checked 10 November 2026)
Alpha Capital Group
- https://alphacapitalgroup.uk/product/alpha-one (checked 10 November 2026)
- https://alphacapitalgroup.uk/product/alpha-pro (checked 10 November 2026)
- https://alphacapitalgroup.uk/product/2-step (checked 10 November 2026)
- https://help.alphacapitalgroup.uk/en/articles/10097421-alpha-one-6-10-12 (checked 10 November 2026)
- https://help.alphacapitalgroup.uk/en/articles/8420429-alpha-pro-8-10 (checked 10 November 2026)
- https://help.alphacapitalgroup.uk/en/articles/16003693-alpha-direct (checked 10 November 2026)
- https://alphacapitalgroup.uk/terms-and-conditions (checked 10 November 2026)
Blue Guardian
- https://help.blueguardian.com/en/articles/14061082-instant-standard-account-rules (checked 10 November 2026)
- https://help.blueguardian.com/en/articles/14062186-1-step-standard-rules (checked 10 November 2026)
- https://help.blueguardian.com/en/articles/14062291-2-step-standard-rules (checked 10 November 2026)
- https://blueguardian.com/forex (checked 10 November 2026)
Maven Trading
- https://maventrading.com/challenges/1-step (checked 10 November 2026)
- https://maventrading.com/challenges/2-step (checked 10 November 2026)
- https://maventrading.com/challenges/instant (checked 10 November 2026)
- https://maventrading.com/faqs (checked 10 November 2026)
- https://maventrading.com/pricing (checked 10 November 2026)
Yo Pips
- https://www.yopips.com/rules-and-regulations (rules page; checked 10 November 2026)
- https://www.yopips.com/Rules.pdf (rulebook PDF; checked 10 November 2026)
Frequently asked questions
01Is there one set of prop firm rules that applies everywhere?
02What does it mean when a rule is marked not stated?
03Are expert advisors allowed at prop firms?
04Why are FundingPips and E8 Markets not in the tables?
05Do rules stay the same after this page is published?
06Which rule is easiest to misread?
Risk disclosure: Trading leveraged products such as forex and CFDs carries a high level of risk, and most traders lose money. Prop firm challenges are evaluations on simulated accounts; passing one does not guarantee account activation, profits or a payout. Nothing on this page is investment advice. Always read the current rules and terms before you buy or start a challenge.