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Unbiased Prop Firm Data, Reviews & Comparisons
Prop Firm Position Size Calculator
Enter your account size, risk percentage and stop loss distance to instantly calculate your safe lot size. Optionally check how many trades you can take today before hitting your daily drawdown limit.
Account size ($)
Risk per trade (%)
Stop loss (pips)
Currency pair / pip value
Daily safety check (optional)
Daily drawdown limit (%)
Today's P&L so far ($, negative if losing)
FAQs — Position Sizing
How to size positions correctly for your account balance and risk per trade.
How do I calculate position size for a prop firm account?
Divide your dollar risk per trade by your stop loss distance in dollar terms. Dollar risk = account size × risk %. Stop loss in dollars = stop loss pips × pip value per lot. The result is your position size in lots.
What percentage should I risk per trade on a prop firm challenge?
Most experienced traders risk 0.5% to 1% per trade during prop firm challenges. At 1% risk with a 3% daily drawdown limit, you have 3 losing trades before the day is over - giving you enough room without risking the account in one session.
What is pip value and how does it affect my position size?
Pip value is how much 1 pip of movement is worth per lot. For most major USD pairs (EUR/USD, GBP/USD) trading a standard lot, 1 pip = $10. If your stop is 20 pips and you want to risk $500, you need 500 ÷ (20 × 10) = 2.5 lots.
How does daily drawdown limit affect how many trades I can take?
If your daily limit is 3% of a $100,000 account = $3,000 and you risk 1% ($1,000) per trade, you can take a maximum of 3 losing trades before breaching the daily limit. This calculator tracks that for you in real time.
Browse Prop Firm Lists
Rankings by country, platform, assets, challenge type and more—built from live firm data.
Countries
Prop firms that accept traders from your country or region.
Platforms
MT5, cTrader, TradeLocker and other supported trading platforms.
Assets
Forex, crypto, futures, stocks and other tradable asset classes.
Features
Instant funding, scalping rules, profit splits and program benefits.
Challenges
One-step, two-step, instant funding and evaluation program types.
Trader types
Beginners, scalpers, swing traders and other trading styles.
Payment methods
Card, crypto, bank transfer and other ways to pay for challenges.
Payout methods
How firms pay traders—Wise, crypto, bank wire and more.
Why Traders Trust ? Prop Firm Pal
Clear, Unbiased Prop Firm Data to Help Traders Compare, Evaluate & Choose with Confidence
Comprehensive Prop Firm Listings
Structured data on funded accounts, fees, profit splits, and trading rules - all in one place for easy comparison.
Live Comparison Tools
Compare pricing, challenge rules, profit splits, drawdowns, payout terms, and requirements across top prop firms.
Verified Trader Reviews
Real feedback from funded traders highlights strengths, issues, support quality, payouts, and challenge experiences.
Expert Prop Firm Insights
Clear summaries of challenge rules, evaluation paths, scaling plans, risk limits, and payout terms.
FAQs — Prop Trading Questions Answered
Answers on prop firms, funded accounts, challenges and how our platform works
What is Prop Firm Pal?
Prop Firm Pal is a comparison and review platform for proprietary trading firms. We list popular prop firms, publish detailed descriptions, collect real trader reviews, and provide verified discount codes for challenges and funded accounts. Our goal is to help traders compare prop firms, save money with promo codes, and choose the best funded trading program for their needs.
How does Prop Firm Pal work?
Prop Firm Pal allows traders to browse a curated list of proprietary trading firms, read in-depth information about each firm, and view real user reviews. When you find a prop firm you like, you can click the discount code button to copy the promo code and visit the firm’s website through our link. If you complete a purchase, you receive the advertised discount and we may earn a commission from the prop firm at no additional cost to you.
What is a proprietary trading firm (prop firm)?
A proprietary trading firm, also known as a prop firm, is a company that provides traders with access to funded trading accounts. Instead of risking your own capital, you trade the firm’s funds and earn a share of the profits. Most prop firms require traders to pass an evaluation or challenge that tests consistency, risk management, and profitability before granting a funded account.
How do prop firm challenges work?
Prop firm challenges are evaluation programs where traders must meet specific profit targets while following strict risk management rules. These rules often include maximum daily drawdown, overall drawdown limits, minimum trading days, and consistency requirements. If you successfully complete the challenge and any verification phase, you can qualify for a funded trading account and receive a profit split.
How do I use a prop firm discount code on Prop Firm Pal?
To use a prop firm discount code on Prop Firm Pal, go to the prop firm’s profile page and click the discount button. The promo code will automatically copy to your clipboard and you will be redirected to the official prop firm website. At checkout, paste the code into the coupon or promo field to apply the discount to your challenge or funded account purchase.
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All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis, or similar general recommendation regarding the trading of investment instruments.
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