Free 14 page PDF · September 2026

How to choose
a prop firm

The Select Prop Firms buyer's guide for CFD and futures traders. Compare challenges on what decides whether you get paid: the full cost, the drawdown rules, the payout terms and the firm's track record.

  • Work out the real cost of reaching your first payout
  • Understand static, trailing, end of day and intraday drawdown
  • Spot the payout rules and red flags that catch traders out
  • Use the scorecard, plus shortlists of 21 firms with current codes
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Cover of How to Choose a Prop Firm, the Select Prop Firms buyer's guide

What's inside

  1. 1

    What you're actually buying

    How challenges work, what firms earn from, and one firm's published pass rate.

  2. 2

    CFDs or futures?

    Platforms, fee models and drawdown styles, side by side.

  3. 3

    The true cost of a challenge

    A formula for the cost of reaching your first payout, with three worked examples.

  4. 4

    Drawdown rules, decoded

    Static or trailing, balance or equity, end of day or intraday, with a chart.

  5. 5

    Getting paid

    Payout frequency, caps and buffers, with a worked consistency rule example.

  6. 6

    Rules that catch traders out

    News windows, weekend holding, inactivity, copy trading and device checks.

  7. 7

    Reputation and red flags

    How to read ratings across review sites, and a background check that takes five minutes.

  8. 8

    The scorecard

    Weighted criteria to compare three firms in ten minutes.

  9. 9

    Shortlists and codes

    21 CFD and futures firms with prices, rules, ratings and current codes.

  10. 10

    Before you pay

    A checklist of ten questions, and how to apply a code.