Prop firm

When people say prop firm today they almost always mean the evaluation model. You pay a fee, show you can make money within the loss rules, and then trade a funded account where you keep most of the profit you withdraw.

1. Pay for a challenge. A one-time fee buys an evaluation, sometimes called a challenge.
2. Hit the target within the limits. Reach a profit target while the account stays above its loss limit, called the drawdown.
3. Trade the funded account. Request payouts on a schedule; the firm keeps a share, the profit split. See funded account.
4. Keep trading on schedule. At Fullport that means a payout request every 5 days, paid in SOL.

In numbers, at Fullport: a $120 fee for a $25,000 simulated account, a $1,500 profit target, a floor $1,000 below the start, and 80% of each payout to you.

The original prop firms hire traders, give them the firm's money and keep most of the profit. The trader there is close to an employee, and you usually get in through an interview, not a fee.

The evaluation model is open to anyone who pays, and the account is often simulated.

What matters is how the simulation is priced and how payouts work. The crypto prop firm explainer goes deeper.

From two sources: evaluation fees, and their share of each payout. That is why payout rules and caps are worth reading as closely as the split.

Fullport caps each funded account at three payouts and a fixed request size, so the cost of every account is known in advance and payouts stay fast. Whether a firm also places real trades varies; do prop firms use real money? explains the options.

The same model applied to crypto markets instead of forex or futures. Crypto trades 24/7, so there is no Friday close, no weekend gap and no fixed session to trade around.

Fullport is narrower still: spot Solana memecoins from pump.fun, Raydium LaunchLab and Meteora DBC, priced from a fresh on-chain read on every order. See the memecoin prop firm for what that means in practice.

• Fee: one-time $120, $195 or $300 for a $25,000, $50,000 or $125,000 simulated account.
• Pass: +6% realized profit, one step, no time limit; one 4% floor, no daily drawdown.
• Funded: 80/20 split, a request every 5 days, capped at $1,000 / $2,000 / $3,000 per request, three payouts per account, paid in SOL.
• Identity: no KYC; wallets, not documents.

Firms are straightforward to judge. Look at what a firm publishes before you pay.

• Every rule in numbers, published before checkout, including what happens to the floor after a payout.
• How fills are priced, and what costs are charged on each trade.
• Payout caps and conditions, not just the split percentage.
• A clear payout schedule. Fullport pays every 5 days, in SOL, straight to your wallet.

Coming from a forex or futures firm? Fullport is one step, has no daily drawdown and no time limit, and publishes every rule with a worked example. Read the rules, the fill policy and pricing.