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Getting started

What is a prop firm, and how does Profirms work?

A proprietary trading firm gives skilled traders access to a large trading account in exchange for a share of the profits. Instead of risking $50,000 of your own money, you pay a small one-time fee to prove your skill in an evaluation.

The Profirms path: 1) Pick an account size and pass its evaluation — hit the profit target without breaking the end-of-day drawdown buffer. 2) Get a funded account on the exact same rules. 3) Withdraw real money — you keep 90% of every payout. 4) After enough payouts, your account converts to live capital.

How to get started in 5 steps
  1. Pick a size. 25K, 50K, or 100K — bigger accounts have bigger targets and bigger buffers.
  2. Pre-order. Lock founding pricing now; it's fully refundable any time before launch.
  3. Get your login on September 16. Pre-order customers receive credentials before public release.
  4. Pass the eval. Reach your profit target while staying above your EOD floor. No minimum days — pass in one if you can.
  5. Get funded and paid. Same rules, 90/10 split, $0 activation fee.
Which account should I pick?
  • Evaluation — the standard path and the cheapest way in. Best if you're confident in your edge and fine with a 14-day payout cycle once funded.
  • Daily Payout — same evaluation, but once funded you can withdraw every single trading day (min $100). Best if cash flow matters to you.
  • Instant Funded — skip the evaluation entirely and trade funded from day one. Costs more; best for proven traders who value time over fee.
  • Bundles — three identical eval or daily accounts at ~17% off, for parallel attempts or same-direction copy trading.

New to futures entirely? Start with the smallest evaluation and the Learn to trade section below.

What happens after I pass?

Your funded account is issued on the same rules you just passed under — same EOD buffer, no trailing, no rule-switch. Before your first payout we run a quick one-time identity check (KYC). From there: 90% of every withdrawal is yours, and after 5 payouts (20 on Daily accounts) you graduate to live capital.

Accounts & rules

The rulebook at a glance
Rule25K50K100K
Profit target$1,500$2,500$5,000
EOD buffer$1,250$2,000$3,500
Max contracts2 minis / 20 micros5 minis / 50 micros10 minis / 100 micros

All accounts: drawdown checked once daily at 5:00 PM ET (never trails intraday), no daily loss limit on evaluation and daily accounts (instant accounts carry one), no consistency rule, no minimum trading days, news trading allowed, flat by 4:59 PM ET, $0 activation fee. Full table on the rulebook.

Evaluation accounts, explained

The standard path. Pay once ($40 / $60 / $100), hit the profit target for your size while staying above your end-of-day floor, and you're funded. There is no time limit pressure from minimum days, no consistency percentage to manage, and nothing trailing your equity intraday. Fail an account and only that account ends — bundles and other accounts run independently.

Daily Payout accounts, explained

Identical evaluation, one upgrade on the funded side: you can request a payout every trading day you're in profit, minimum $100, still 90/10 in your favor. Because money leaves the account faster, Daily accounts graduate to live capital after 20 payouts instead of 5 — about one trading month of daily withdrawals. Pre-order: 25K $60, 50K $90, 100K $150.

Instant Funded accounts, explained

Skip the evaluation entirely — your account is funded from day one. Each size carries a straight end-of-day max loss — no buffer system, nothing to fill before payouts — plus a daily loss limit as an intraday brake. Your first payout unlocks at its own target:

InstantMax loss (EOD)Daily loss limitFirst payout at
25K$1,250$1,000$1,500 profit
50K$2,000$2,000$3,000 profit
100K$3,500$3,000$6,000 profit

After the first payout, the normal cadence and 90/10 split apply, and Instant accounts convert to live capital after 5 payouts, just like standard. No trailing drawdown, $0 activation fee. Pre-order pricing: 25K $220 · 50K $330 · 100K $449. Instant accounts are not available in bundles.

End-of-day drawdown, the deep dive

Your maximum-loss floor is calculated once per day at 5:00 PM ET from your closing balance — never from your live equity high. Dip $900 in the morning and recover by the close? Nothing happened. The floor steps up only on green closes, never moves down, and locks permanently once it reaches your starting balance — from there you're trading entirely on cushion.

Compare that to a trailing drawdown, which follows your equity high tick by tick and can liquidate you while you're still green on the day. See the animated chart and day-by-day walkthrough on the home page.

What fails an account?
  • Your balance touching or crossing the EOD floor.
  • On Instant accounts: hitting the daily loss limit.
  • Exceeding your contract limit.
  • Holding a position past 4:59 PM ET.
  • Prohibited conduct: exploiting sim glitches or latency, opposite-direction hedging across accounts, sharing your login, or automation abuse — full list in the Terms of Service.

Same-direction copy trading across your own accounts is fine. Trading news is fine. Passing in a single day is fine.

Payouts & billing

Payout schedule and split

You keep 90% of every payout from payout #1 — the split never shrinks as you scale. Standard funded accounts pay every 14 days. Daily Payout accounts withdraw any trading day they're in profit, minimum $100. Instant accounts unlock their first payout at $1,500 (25K), $3,000 (50K), or $6,000 (100K), then follow the normal cadence. Per-payout caps while funded — $2,000 (25K), $4,000 (50K), $7,500 (100K) — are the most generous in the industry, profits above a cap roll into your next payout, and the caps vanish entirely at live.

The path to live capital

Standard and Instant accounts convert to a live account backed by real capital after 5 payouts; Daily Payout accounts after 20. Every size qualifies, and your rules travel with you — same buffer, still nothing trailing. Live accounts also drop the per-payout caps: withdrawals become fully uncapped.

KYC — identity check before your first payout

Before the first withdrawal we verify your identity once through a secure provider — a standard check that protects you and the program. Your documents are handled under the provider's safeguards; see the Privacy Policy.

Refunds, discount codes, and activation fees
  • Refunds: every pre-order is 100% refundable any time before launch — details in the Refund Policy.
  • Discount codes: enter yours on the checkout page after hitting any Pre-order button; it applies before you pay.
  • Activation fee: $0, ever. Many firms charge $85–150 to activate a funded account after you pass. Not here.

Learn to trade

This library is education, not financial advice. Futures trading involves substantial risk of loss and isn't suitable for everyone — trade the simulated evaluation like it's real risk, because your fee and your funded future are.
Futures 101 — what you're actually trading

A futures contract is a standardized agreement to buy or sell something — a stock index, crude oil, gold — at a set price at a future date. In practice, traders rarely hold to expiry: they buy and sell the contracts themselves to profit from price moves, long or short, with built-in leverage.

You'll trade CME Group futures here: equity index (ES, NQ, YM, RTY), energy (CL), metals (GC, SI), and their micro versions. Prices move in ticks — the smallest increment — and every tick has a fixed dollar value, which is what makes position sizing precise.

Micros vs minis — and what a tick is worth

Micro contracts are 1/10th the size of e-minis: same market, same chart, one-tenth the risk per tick. Most traders should start on micros.

MarketMicro / tickMini / tick
S&P 500MES — $1.25ES — $12.50
NasdaqMNQ — $0.50NQ — $5.00
GoldMGC — $1.00GC — $10.00
Crude oilMCL — $1.00CL — $10.00

Quick math: a 20-tick stop on one MNQ risks 20 × $0.50 = $10. The same stop on one NQ risks $100. Size accordingly.

Risk management — the skill that actually passes evals
  • Risk a fixed slice per trade. A common approach is ~1% of your buffer — on a 50K account ($2,000 buffer), that's about $20 per trade while you find your footing.
  • Know your stop before you enter. No stop, no trade.
  • Size from the stop, not from confidence. Risk ÷ (stop in ticks × tick value) = contracts. Risking $50 with a 40-tick stop on MES: $50 ÷ (40 × $1.25) = 1 contract.
  • Respect your floor. Your EOD buffer is checked at the close — stop trading long before you're near it.
  • Cap your losers. There's no daily loss limit here, so set your own — many traders stop after 2–3 losses and come back tomorrow.
A simple daily routine for your evaluation
  1. Before the session: mark your levels, check the economic calendar, decide your max risk for the day.
  2. During: take only the setups in your plan. News trading is allowed here — but only trade it if it's part of that plan.
  3. By 4:59 PM ET: flat, always.
  4. After: journal every trade — entry, exit, reason, emotion. Patterns in your journal pass evals faster than new indicators do.
Beginner mistakes that fail evaluations
  • Oversizing early. The fastest way to meet your floor. Start on micros.
  • Revenge trading. Doubling size after a loss turns one red trade into a failed account.
  • No plan on news. Allowed ≠ mandatory. Volatility cuts both ways.
  • Ignoring the clock. A winner held past 4:59 PM ET is a rule break, not a winner.
  • Passing math, not trading. Grinding for the target with huge risk works until it doesn't — the buffer is the test.
Glossary — the words you'll see everywhere
  • Tick — the smallest price increment of a contract; each tick has a fixed dollar value.
  • Point — a whole unit of price, made of several ticks (ES: 4 ticks = 1 point = $50 on the mini).
  • Drawdown / buffer — how far your balance may fall before the account fails; at Profirms it's calculated end-of-day only.
  • Flat — holding no positions.
  • Long / short — positioned to profit from price rising / falling.
  • Scalping — very short trades for small moves; swing — holding for larger intraday moves.
  • Funded account — the account you trade after passing, where payouts come from.
  • KYC — the one-time identity check before your first payout.

Contact

Chat with us, 24/7. The purple bubble on the home page answers instantly from this knowledge base — and if you type agent, it takes your email and pings a real person to reach out.

Email: support@profirms.com — we aim to reply within one business day.