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New to Prop Firm topic

  • #1
  • First Post: Feb 5, 2026 5:59am Feb 5, 2026 5:59am
Hi
I am new to Prop Firm and I recently heard about prop firm and want to understand more on this topic.
May I know where do I start? Which topic shall I browse in the very first place?
Thank you!
  • #2
  • Feb 5, 2026 6:31am Feb 5, 2026 6:31am
Quoting nsn14
Hi I am new to Prop Firm and I recently heard about prop firm and want to understand more on this topic. May I know where do I start? Which topic shall I browse in the very first place? Thank you!
1. What instrument to trade CFDs or Futures ?
2. If futures, do you know what they are ?
3. Follow montygoldy's Profile | Forex Factory he is like a mystery shopper, you will know what prop is good and who might be in trouble.
4. READ THE RULEs and all FAQs of prop you plan to join.

Point 4 is most important.

Follow this thread Prop Firm Hub 2.0 | Forex Factory
I might be wrong , I have been wrong before
  • #3
  • Feb 5, 2026 12:13pm Feb 5, 2026 12:13pm
Quoting nsn14
Hi I am new to Prop Firm and I recently heard about prop firm and want to understand more on this topic. May I know where do I start? Which topic shall I browse in the very first place? Thank you!
Start by learning the basics of trading and risk management. Understand how prop firms work and their rules, then focus on building discipline and consistency. Practice first, capital comes later.
  • #4
  • Feb 5, 2026 8:48pm Feb 5, 2026 8:48pm
Quoting Mandariin
{quote} 1. What instrument to trade CFDs or Futures ? 2. If futures, do you know what they are ? 3. Follow montygoldy's Profile | Forex Factory he is like a mystery shopper, you will know what prop is good and who might be in trouble. 4. READ THE RULEs and all FAQs of prop you plan to join. Point 4 is most important. Follow this thread Prop Firm Hub 2.0 | Forex Factory
Thanks.
Can I trade Gold?
May I use MT4 platform to trade?
Can I use M1 scalping strategy (fast in fast out)?
What is the phase 1 phase 2 phase 3 challenges?
  • #5
  • Feb 6, 2026 1:22am Feb 6, 2026 1:22am
Quoting nsn14
{quote} Thanks. Can I trade Gold? May I use MT4 platform to trade? Can I use M1 scalping strategy (fast in fast out)? What is the phase 1 phase 2 phase 3 challenges?
You can do all these things but you need to research to find what is it right for you
  • #6
  • Feb 6, 2026 1:51am Feb 6, 2026 1:51am
These where the questions you should start with, not me to find answers for you.

Malaysia Prop Firms | Forex Factory
I might be wrong , I have been wrong before
  • #7
  • Feb 6, 2026 8:01am Feb 6, 2026 8:01am
Quoting Mandariin
These where the questions you should start with, not me to find answers for you. Malaysia Prop Firms | Forex Factory
Thanks for your reply.
If you are currently trading with prop firm, I hope you can share your views, helping new traders.
I believe what is this forum purpose for.
I did do my homeworks, but I am rather confused, that is why I raise some questions here rather than search blindly over the net.
Anyway thanks for your time.
  • #8
  • Feb 6, 2026 8:51am Feb 6, 2026 8:51am
What prop firm is the best?
  • #9
  • Feb 6, 2026 9:51am Feb 6, 2026 9:51am
Quoting nsn14
{quote} Thanks for your reply. If you are currently trading with prop firm, I hope you can share your views, helping new traders. I believe what is this forum purpose for. I did do my homeworks, but I am rather confused, that is why I raise some questions here rather than search blindly over the net. Anyway thanks for your time.
Why you want to choose 3 step evaluation process ?
First of all I don't recommend CFD's at all. Will you you listen and pick one of the futures props ?
I might be wrong , I have been wrong before
  • #10
  • Feb 6, 2026 9:52am Feb 6, 2026 9:52am
Quoting LamaToes
What prop firm is the best?
Your question is way too broad.

Are we talking CFD or Futures?
1 step, 2 step or instant account?
Do you want a consistency rule or not?
How often do you want payouts?
Do you want your maximum loss to trail by End of Day or trail intraday (during the day)?
Is it alright for you if payout is maximized?
Do you want copy trading (between your own accounts)?
For futures, do you want single payment or are you fine with subscription? If you're fine with it; activation fee yay or nay?

For CFDs, people usually talk about FTMO and 5ers.
Futures, Topstep is considered the most popular.

If you want to talk about firms other than what I've mentioned, then we need more specifics based on the questions I wrote above
  • #11
  • Feb 6, 2026 4:15pm Feb 6, 2026 4:15pm
Quoting MonarchZ
{quote} Your question is way too broad. Are we talking CFD or Futures? 1 step, 2 step or instant account? Do you want a consistency rule or not? How often do you want payouts? Do you want your maximum loss to trail by End of Day or trail intraday (during the day)? Is it alright for you if payout is maximized? Do you want copy trading (between your own accounts)? For futures, do you want single payment or are you fine with subscription? If you're fine with it; activation fee yay or nay? For CFDs, people usually talk about FTMO...
You missed the basic; you have been here for 13-years, can you even trade?

Prop is not a teaching institution, unless losing money teaches you something!
It takes a lot for me to IGNORE you, but you can try.
  • #12
  • Feb 12, 2026 3:36am Feb 12, 2026 3:36am
Hey everyone! I’m a total newbie in the prop firm world, just trying to soak up as much knowledge as possible. I’ve been scoutin’ around for a solid place to start and stumbled upon PropTradar. Honestly, it looks like a gem for someone like me. Anyone else here just starting out too?
  • #13
  • Feb 12, 2026 6:29am Feb 12, 2026 6:29am
they only offer crypto ... and given crypto spreads are rubbish all round I dont think its worth looking at. Take a look at Prop firm hub 2.0 .. lots to read there.
  • #14
  • Feb 12, 2026 6:42am Feb 12, 2026 6:42am
Quoting Spearion
they only offer crypto ... and given crypto spreads are rubbish all round I dont think its worth looking at. Take a look at Prop firm hub 2.0 .. lots to read there.
His message sounds like undisclosed advertisement if anything. Why would anyone talk like that?? And of course, he finds a totally no name firm...
  • #15
  • Edited Feb 17, 2026 1:40am Feb 16, 2026 1:42am | Edited Feb 17, 2026 1:40am
My Experience with Plutus Trade Base Challenge (Phase 1 Trader)


Hello traders,
I just wanted to share my personal experience with Plutus Trade Base.
I recently started a 2-phase challenge account with them. The model is straightforward:

  1. Phase 1 target: 8%
  2. Phase 2 target: 6%
  3. With daily drawdown rules to respect.

I trade XAUUSD only, mostly scalping during the New York session using price action concepts (liquidity grabs and intraday setups). So far, the execution has been smooth, spreads on gold are manageable during active sessions, and the dashboard tracking is clear.
One thing I focused on is strict risk management. I keep my risk low per trade and aim for consistent percentage gains instead of overtrading. For anyone attempting similar challenges, discipline matters more than strategy.
I’m currently working through the evaluation and staying patient with my entries.
Just sharing my journey — not financial advice.
If anyone else here is trading with PTB, would be interesting to hear your experience as well.
Stay disciplined and trade safe.

  • #16
  • Mar 11, 2026 2:10am Mar 11, 2026 2:10am
MT5 is Now Live on Plutus Trade Base – Trade on the World’s Most Powerful Platform

One of the legit prop firm.


If you’ve been waiting for a prop firm that supports MT5, this is it. The platform is designed for traders who need speed, reliability, and professional-grade tools.
  • #17
  • Mar 13, 2026 8:52am Mar 13, 2026 8:52am
Oh wow, I will tell you right away that the journey is going to be really tough. But alright, I have some tips for you.

You should start with the absolute basics, just search what is a prop firm and how do prop firm challenges work on youtube or via LLMs. It’s a common knowledge, but if you have no idea about it, then you have a looong day researching all this. That will at least give you the foundation before you dive into the details.

Next, focus on understanding the rules. Things like max drawdown, daily loss limits, profit targets, consistency, trailing drawdowns and profit splits. These are the important factors of prop trading, so don't skip this part.

But please, don't rush into buying an evaluation right away. Watch some video walkthroughs, read some forum topics here or in other forum, and maybe even join a Discord community to ask questions. There are lots of them in prop trading circle. And hey, start small. Pick one firm that feels transparent and try their smallest challenge first. Treat it as a learning experience, not a way to earn lots of money.
  • #18
  • Mar 18, 2026 12:41am Mar 18, 2026 12:41am
Quoting nsn14
Hi I am new to Prop Firm and I recently heard about prop firm and want to understand more on this topic. May I know where do I start? Which topic shall I browse in the very first place? Thank you!
If you’re just starting out, don’t rush into it. First understand how these accounts actually work especially things like drawdown limits, daily loss rules, and consistency requirements. A lot of beginners ignore this part and end up failing even with a decent strategy. I’d suggest spending some time on demo and focusing on risk management first, because discipline matters way more than just finding good entries.
  • #19
  • Apr 4, 2026 4:15am Apr 4, 2026 4:15am
I’m also new to prop firms, just trying to understand how everything works
From what I’ve seen, you have to pass some kind of challenge first, and then they give you a funded account. Still a bit confusing with all the rules like drawdown and stuff.
I’m mostly just researching different firms right now and reading people’s experiences before jumping in. Don’t want to rush and mess it up.
If anyone has beginner tips or things to avoid, would really appreciate it
  • #20
  • Last Post: Apr 22, 2026 2:38pm Apr 22, 2026 2:38pm
Sure Leverage Funding – SCAM ALERT
Timeline of theft:
1. Bought $10k account with 80% profit split
2. Made $1,516 profit
3. Dashboard showed withdrawable profits: $1,516
4. They claimed breaches and paid only $123
5. Account reset to $10,000 (but hidden drawdown from $11,398 remained)
6. Lost $55 – they claimed “drawdown breach”
7. Immediately offered 35% off new challenge account
Key evidence:
· High Water Mark kept at $10,750 after reset to $10,000
· $55 loss triggered breach on $800 drawdown limit
· Payout capped at $500 despite 80% split promise
Do not trade with them. Do not buy challenges. They will invent breaches to avoid paying.
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