Prop Firm Novice exists to explain trading and prop firm mechanics clearly and independently. This page sets out the principles behind everything we publish.
Everything on this site is general educational information about how markets, contracts and prop firm rules work. It is not financial, investment, or trading advice, and it is not a personal recommendation to buy, sell, trade, or fund any account. We don't know your circumstances, and nothing here should be treated as advice tailored to them. Decisions about your money are yours; for advice specific to your situation, speak to a suitably qualified, regulated professional.
Our focus is how things work: what a tick is worth, how a trailing drawdown moves, what an activation fee is. Where we discuss prop firm practices, we describe categories of rule rather than passing judgement on any particular company. When we do refer to a specific firm's terms, we aim to state only what is verifiable, note the date, and point you to the firm's own documentation as the authority.
Contract specifications are set by exchanges, and prop firm rules, prices and policies are set by the firms — and all of them change. We date-stamp our articles ("last verified"), but a date-stamp is not a guarantee. Before you spend money, always confirm the current specs and rules directly with the exchange, your broker, or the firm.
We are not owned by, or affiliated at the editorial level with, any prop firm. Our educational content is written to be useful to you, not to sell you a particular evaluation. If and when we introduce affiliate links or advertising, they will be clearly disclosed, and they will never change what our educational content says. Where our honest view is that an evaluation may not be the right choice at all, we will say so.
Dollar figures, scenarios and simulator outputs on this site are simplified illustrations chosen to make a mechanic clear. They use rounded, representative numbers and model the common version of each rule; they are not predictions, not typical results, and not a claim about what any specific account or firm will do. Trading carries a substantial risk of loss.
Trading futures, forex and other leveraged products carries a substantial risk of loss and is not suitable for everyone. You can lose more than your initial outlay. Past performance and illustrative examples are not indicative of future results. Only risk capital you can afford to lose.
We want to be accurate. If you spot something that's wrong or out of date, tell us and we'll fix it.
Prop Firm Novice provides general educational content only and is not financial advice. Last updated: July 2026.
Prop Firm Novice