Glossary
Key terminology for futures trading, prop firms, and the OnePropFirm platform. Click a category to jump to that section.
Prop Firm Terms
Account Size
The initial capital allocated to a trader in a prop firm account, typically ranging from $25K to $250K. Used as the primary filter dimension in OnePropFirm comparisons.
Consistency Rule
A requirement that traders maintain consistent performance (e.g., no single day accounts for more than 30% of total profit). Common in the Funded stage to prevent excessive risk-taking.
Drawdown (Daily)
The maximum loss allowed in a single trading day, typically expressed as a percentage or dollar amount. Exceeding this limit usually results in account termination.
Drawdown (Max/Overall)
The maximum cumulative loss allowed from the account's peak balance. Can be static (fixed amount) or trailing (moves with profits).
Drawdown Type: Static
A fixed maximum drawdown that never changes (e.g., $3,000 on a $50K account, regardless of profits earned).
Drawdown Type: Trailing
A maximum drawdown that moves up as the account gains profit, locking in gains while maintaining the same risk cushion.
Evaluation Stage
The initial phase where traders must meet profit targets and follow all rules to qualify for a funded account. Also called the "Challenge Phase."
Funded Stage
The phase after passing evaluation where traders trade real capital and earn profit splits. Rules often differ from evaluation (no profit targets, different payout rules).
Payout
Cash distribution from the prop firm to the trader, typically a percentage of profits earned. Frequency varies by firm (weekly, bi-weekly, monthly).
Payout Frequency
How often traders can request withdrawals (e.g., weekly, bi-weekly, monthly). More frequent payouts are generally preferable.
Profit Split
The percentage of profits that the trader keeps vs. what the firm takes. Common splits include 80/20, 85/15, and 90/10 (trader/firm).
Profit Target
A required profit amount that must be reached during the evaluation stage to qualify for funding. Not present in the funded stage.
Reset Fee
The cost to restart an evaluation after failing a challenge or violating rules. Can be equal to or less than the initial entry fee.
Trading Days (Minimum)
The minimum number of days a trader must be active before requesting a payout or advancing stages. Prevents quick "hit and run" strategies.
Trading Terms
Futures Contract
A standardized agreement to buy or sell an asset at a predetermined price at a specified time in the future. OnePropFirm focuses exclusively on futures.
ES (E-mini S&P 500)
E-mini S&P 500 futures contract (CME symbol). The most popular equity index futures contract among prop firm traders.
NQ (E-mini Nasdaq-100)
E-mini Nasdaq-100 futures contract (CME symbol). Technology-heavy equity index futures popular for its volatility.
CL (Crude Oil)
Crude Oil futures contract (NYMEX symbol). One of the most actively traded commodity futures markets.
Scalping
A trading style involving very short-term trades (seconds to minutes) aiming for small profits repeatedly. Some prop firms restrict scalping strategies.
Swing Trading
A trading style holding positions for days to weeks, capturing larger price moves. Requires attention to overnight holding rules.
Intraday Trading
Trading positions opened and closed within the same trading session, without holding overnight. The most common style among prop firm traders.
Platform Terms
Account-Size-First Model
OnePropFirm's comparison approach where users select a single account size (e.g., $50K) and all firms are normalized to that size for apples-to-apples comparison.
Confidence Score
A composite metric (0–100) indicating OnePropFirm's trust in firm data accuracy. Based on data freshness, evidence quality, rule completeness, and review consensus.
Evidence
Archived source material (HTML snapshots, Wayback Machine URLs) backing all firm data displayed on OnePropFirm. Ensures verifiability and transparency.
Stage Separation
The strict enforcement that Evaluation and Funded rules are never merged, inferred, or displayed together without explicit user selection.
Materialized View
A pre-computed database view that aggregates firm, plan, and rule data for fast comparison queries under 150ms.
Needs Review
A workflow status indicating scraped or user-submitted data is awaiting admin verification before publication on the platform.
Verified Purchase
A review badge indicating the reviewer provided proof of payout from the firm, significantly increasing review credibility.
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