Sign Up
FREE TOOL · NO SIGNUP

Prop Firm Rules Compared: Daily Loss, Drawdown and Consistency

Daily loss, max drawdown, trailing or static drawdown, consistency rule and profit target for a few well-known prop firm programmes, each with the date we last checked it and a link to the firm’s own rules page.

By Harrison Weaver

Rules change often and differ between programmes. Confirm every figure with the firm before you buy or trade. We do not verify, rate or endorse any prop firm (Terms, clause 22.3.2), and nothing here is a recommendation or financial advice. The FTMO link on this page is an affiliate link (see section 7.2 of the Privacy Policy): we may earn a commission if you sign up through it.
Swipe or scroll the table sideways on a phone.
Rules as shown on each firm’s own pages on the date in the last column. “Verify on firm’s site” means the figure was not stated clearly, or was stated differently in different places, so we have not filled it in.
Firm and programme Daily loss Max drawdown Trailing or static Consistency rule Profit target Last checked and source
FTMO2-Step ChallengeVisit FTMO (affiliate link) 5% 10% Static Verify on firm’s siteThe 2-Step pages checked do not mention one; the Best Day / consistency rule is described for the 1-Step. 10% / 5%Challenge / Verification Last checked 18 October 2026FTMO trading objectives
FTMO1-Step ChallengeVisit FTMO (affiliate link) 3% 10% Trailing Verify on firm’s siteFTMO's pages describe how often the trailing limit updates in different ways. Yes Verify on firm’s siteA consistency rule replaces the Best Day Rule for new 1-Step orders from 5 October 2026; the percentage was not confirmed. 10% Last checked 18 October 2026FTMO 1-Step announcement
FundedNextStellar 2-Step 5% Verify on firm’s siteThe way the daily limit is calculated is described differently on FundedNext's pages. 10% StaticMeasured from the initial balance, not trailing. Verify on firm’s siteThe product page lists none, but one FundedNext comparison table mentions a 40% consistency condition tied to payouts. 8% / 5%Phase 1 / Phase 2 Last checked 18 October 2026FundedNext Stellar 2-Step help article
FundedNextStellar 1-Step 3% 6% Verify on firm’s site Verify on firm’s siteThe product page lists none, but one FundedNext comparison table mentions a 40% consistency condition tied to payouts. 10% Last checked 18 October 2026FundedNext Stellar 1-Step help article
Apex Trader FundingIntraday trailing drawdown evaluation Verify on firm’s siteNo daily loss limit was stated on the pages checked. $1,000 / $2,000 / $3,000 / $4,00025K / 50K / 100K / 150K accounts, intraday trailing Trailing (intraday)Apex also offers an end-of-day trailing version. None in the evaluation Verify on firm’s siteA consistency rule applies to Performance Account payouts; the current percentage differs between Apex's pages. $1,500 / $3,000 / $6,000 / $9,00025K / 50K / 100K / 150K accounts Last checked 18 October 2026Apex intraday trailing drawdown evaluations
FundingPips2 Step Standard 3% or 5%Depends on the option chosen. 10% Static Verify on firm’s site 8% / 5%Phase 1 / Phase 2 Last checked 18 October 2026FundingPips 2 Step Standard help article
The5ersHyper Growth 3% Verify on firm’s siteThe page also says "no daily stop-loss", so how the 3% applies was not confirmed. 6%Stop-out level Verify on firm’s site Verify on firm’s site 10% Last checked 18 October 2026The5ers Hyper Growth

How to read these rules

Daily loss
The most the account may lose in one trading day, usually a percentage of the starting balance. Firms differ on when the day starts and whether floating losses count, so check the firm’s definition.
Max drawdown
The most the account may lose in total. A breach normally ends the challenge or funded account.
Static or trailing
A static limit is fixed from the starting balance. A trailing limit moves up as your balance or equity reaches new highs and does not move back down, so it gets tighter relative to your profit. Some firms update it at the end of the day and others intraday.
Consistency rule
A cap on how much of your total profit a single day can account for. Where a firm applies it (to the challenge, to payouts or both) differs, so check where it applies.
Profit target
The profit needed to pass a phase, shown as a percentage of the starting balance or a dollar amount, depending on the firm.

Track a challenge against these limits

Create a free account to log your challenge trades. Risk Desk, which tracks your own daily loss limit, max drawdown and trailing drawdown (end-of-day or intraday) against your closed trades, is on the Elite plan: you enter the limits from the firm’s rules.

Create free account → See the prop firm journal →
No card required for the Free plan.
Disclosure. Figures are summaries from each firm’s public pages on the date shown and may be out of date. Rules, prices and payout terms change, so confirm with the firm before relying on any figure. We do not verify, rate or endorse any prop firm. The FTMO link above is an affiliate link.
MORE FREE TOOLS

Position Size Calculator

Lot size from account size, risk % and stop loss.

Use it free →

Economic Calendar

This week’s events by currency and impact, in your timezone.

Use it free →

Market Sessions

Live session clocks and the London and New York overlap, in your timezone.

Use it free →