Trading glossary
Prop Trading
15 plain-English Prop Trading terms — each with a worked example, related terms, and risk notes. Educational only — no advice or signals.
Consistency Rule
A limit that stops a single big day from dominating your total profit.
EA & Copy-Trading Rules
Firm limits on bots, expert advisors, and copying trades across accounts.
Evaluation Challenge
A paid test where you hit a profit target inside loss limits to earn funding.
Funded Account
The account you trade after passing the evaluation, where payouts apply.
Minimum Trading Days
The fewest days you must actively trade before passing or withdrawing.
News-Trading Restriction
A rule limiting trading around high-impact news releases.
Payout
A withdrawal of your share of profits from a funded account.
Profit Split
How profits from a funded account are divided between you and the firm.
Profit Target
The total profit you must reach in a challenge phase to advance or get funded.
Prop Challenge
An evaluation to qualify for trading a proprietary firm’s capital.
Prop Firm
A company that lets you trade its capital, usually after you pass an evaluation.
Refundable Fee
An evaluation fee the firm returns, usually with your first payout.
Risk Rule
A limit you set on how much you can lose or risk.
Scaling Plan
A path to a larger funded account as you stay profitable and within rules.
Two-Phase Challenge
An evaluation split into two stages — a profit phase, then a verification phase.
Educational content only. Map.Trade does not provide financial advice or trading signals.