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Level 13 · Lesson 4 of 6

How to Choose a Prop Firm

Track record, rules, payouts and red flags.

5 min read+10 XPUpdated November 2026

There are hundreds of prop firms. Compare them on what decides whether you actually get paid.

FactorCheck
Track recordYears operating, payout proof, reviews mentioning payouts
DrawdownStatic or trailing, balance or equity, daily size
PriceFee per $10K of capital, refund policy
Profit splitStarting split, scaling, add-on costs
PayoutsFrequency, minimums, methods, first-payout wait
PlatformMT5, cTrader, Match-Trader, TradingView
RestrictionsNews, weekends, EAs, consistency

Red flags

  • Vague rules or rules that change without notice.
  • Payout denials blamed on unpublished rules.
  • Prices far below everyone with splits far above everyone.
  • No clear company details.
Wick says

Compare current firms side by side on our prop firm comparison page. Then read the rules page of your favourite. All of it.

Key takeaways
  • Payout record beats headline split.
  • Read drawdown and restriction rules before price.
  • Match the firm to your trading style.