Course · 5 lessons
Start here
Five short lessons that take you from “what is a prop firm challenge?” to a program and an account size that suit the way you trade. Every rule figure comes from the live MyFundedCapital rulebook.
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You will learn
- Explain what you pay for, what you can lose and how payouts start
- Compare the five MyFundedCapital programs on targets, limits and price
- Pick an account size that fits your risk per trade and payout plans
Lessons
- 1Beginner3 minHow does a prop firm challenge work?You pay a one-time fee for an account with fixed rules and real market prices. Reach the profit target without breaking a loss limit and you move to a funded account, where you keep a share of the eligible profit.
- 2Beginner3 minWhat is the difference between a prop firm account and a broker account?With a broker you deposit your own money and can lose all of it. With a prop firm you pay a one-time fee for an account with fixed rules, the fee is the most you can lose, and you are paid a share of eligible profit on a schedule.
- 3Beginner3 minWhich funded account program fits you?Pick by market first, then by how you handle risk. Forex, metals and crypto traders choose between the 2-Step, 1-Step and Instant Funded; US stock day traders choose MFC Stocks; event traders choose Prediction Markets.
- 4Beginner3 minInteractiveHow do you choose a funded account size?Choose the size at which your normal risk per trade, in dollars, feels routine. The percentages stay the same at every size; the fee, the dollar limits and the effect of payout minimums and caps change.
- 5Beginner3 minWhat do prop trading terms like drawdown and equity mean?Most prop rules are built from a few terms: balance and equity, the daily and maximum loss limits, phases and targets, the profit split and payout cycle, and the units you size trades in, lots and pips.
MyFundedCapital School
Start here checklist
Rules as of 17 Oct 2026. Tick each line before your next session.
| Rule | 1-Step Challenge | 2-Step Challenge | Instant Funded | MFC Stocks | Prediction Markets |
|---|---|---|---|---|---|
| Profit target | 10% | 8% + 5% | — | 7% | 10% |
| Daily loss limit | 5% | 5% | 3% | 2% daily pause | 3% |
| Maximum loss | 10% · trailing | 10% · static | 6% · trailing | 5% · trailing | 6% · trailing |
| Consistency | 35% | 35% | 35% | 35% | 35% |
| First payout | after 7 days | after 14 days | after 14 days | after 14 days | after 7 days |
| Then every | 7 days | 14 days | 7 days | 14 days | 7 days |
| Profit split | 80% → 95% | 80% → 95% | 70% → 80% | 70% → 80% | 75% → 90% |
1. How does a prop firm challenge work?
- The fee is the most you can lose: you deposit no trading capital.
- Two loss limits apply at once, and open losses count toward both.
- Passing starts a review and verification; payouts follow a fixed schedule.
2. What is the difference between a prop firm account and a broker account?
- A broker holds your deposit; a prop firm sells access to an account for a fee.
- At a prop firm the fee caps your loss, but the rules decide how long the account lives.
- A withdrawal is your money; a payout is your share of eligible profit.
3. Which funded account program fits you?
- Your market narrows the choice before any rule does.
- Lower entry price usually means more phases; no phases means tighter limits.
- Compare the daily limit in dollars, not the headline account size.
4. How do you choose a funded account size?
- Rules are percentages, so a bigger account is not easier, only larger.
- Pick the size where 0.5% risk in dollars feels routine to you.
- Small accounts meet payout minimums later; large ones meet the cap sooner.
5. What do prop trading terms like drawdown and equity mean?
- Balance counts closed trades; equity adds open profit and loss.
- Limits are checked on equity, so open losses can end an account.
- Lots and pips turn a risk in dollars into an order size.
myfundedcapital.com/learn/
Next step
Find the program that fits you
Answer three quick questions and get a program, an account size and its price.
