PropMinMax Glossary
44 definitions written for the way futures prop accounts actually work—not for a marketing brochure.
Showing 44 terms
A
4 termsAccount cushion
RiskThe dollar distance between current account equity and the firm’s breach threshold. This—not the advertised account size—is the practical risk budget.
Account size
AccountsThe notional label applied to a plan, such as $50K or $100K. It is useful for grouping products but does not represent cash you can lose or withdraw.
Activation fee
CostsA charge due after passing an evaluation and before the funded or simulated-funded account becomes active. PropMinMax includes it in all-in cost when the fee is known.
All-in cost
CostsEvaluation cost plus known activation fees, adjusted for the selected discount and attempt scenario. It does not include every possible reset, data fee, or future recurring charge unless explicitly stored.
B
2 termsBenchmark day
PayoutsA trading day that must meet a firm-defined profit threshold to count toward payout eligibility. A green day is not always a qualifying benchmark day.
Buffer
PayoutsProfit that must remain above a loss threshold before some or all funds become withdrawable. Withdrawing too close to the buffer can leave little room for the next trade.
C
4 termsConsistency rule
RulesA limit on how large the best profit day may be relative to total profit. If the best day is too large, the trader usually needs additional profit rather than losing money to reduce the percentage.
Copy trading
TradingReplicating orders from one account to others. It multiplies the same market decision and may be restricted across users, firms, or opposing positions.
Cost per funded
CostsTotal evaluation and activation spend divided by the number of funded accounts produced. It is more useful than the advertised evaluation price when pass rates are below 100%.
Cost per paying account
CostsTotal prop-related spend divided by the number of accounts that produced at least one withdrawal. This captures failures that happen after passing.
D
3 termsDaily loss limit (DLL)
RiskA firm-defined maximum loss for a trading day. It can be separate from the overall drawdown and may trigger liquidation, lockout, or account breach.
Days to first payout
PayoutsPropMinMax’s estimate of the shortest end-to-end path from evaluation start to first payout eligibility, using published minimum-day rules. Real timing is often longer.
Drawdown
RiskThe loss allowance between a reference value and the breach threshold. Its behavior depends on whether the plan uses static, end-of-day, or intraday trailing calculations.
E
3 termsEnd-of-day (EOD) trailing
RiskA drawdown method that generally recalculates after a session from a specified balance or equity value. Exact cutoff and lock behavior must be verified with the firm.
Evaluation
AccountsThe rule-based stage a trader must pass before receiving a funded or simulated-funded account. Profit target, drawdown, minimum days, and consistency rules commonly apply.
Expected cost
CostsThe average cost implied by a repeated-attempt model. It is useful for planning many attempts, but it does not predict the exact cost of the next one.
F
2 termsFixed payout account
PayoutsAn account with a finite number or total amount of simulated payouts before closure, transition, or another rule change. Its headline monthly capacity should not be treated as permanent.
Funded account
AccountsThe post-evaluation account stage. In retail prop trading this may still be simulated; “funded” does not by itself mean orders are placed in a live brokerage account.
H
1 termHigh-water mark
RiskThe highest qualifying balance or equity value used to calculate a trailing threshold. Under intraday trailing it may change while a position is open.
I
5 termsInactivity rule
RulesA maximum period without qualifying trading activity before an account may be closed or reviewed. Calendar-day and trading-day definitions can differ.
InstaPay
PayoutsA PropMinMax feature label for firms that advertise accelerated payout processing after a request is eligible. It does not remove the eligibility rules required before requesting.
Instant activation
AccountsA plan feature that avoids a separate waiting or manual activation interval after passing. Fees and verification requirements may still apply.
Intraday trailing
RiskA drawdown method that can follow the highest qualifying equity in real time. Giving back unrealized profit may therefore cause a breach above the original loss floor.
Inversing
RulesHolding opposite-direction positions in the same or correlated market across accounts. Many firms treat this as prohibited hedging even when the accounts belong to the same trader.
L
1 termLive transition
AccountsA firm-directed move from simulated-funded trading to an account connected to live markets. Payout, scaling, and risk rules may change at transition.
M
2 termsMaximum loss limit (MLL)
RiskThe account-level breach threshold or drawdown amount. It should be read together with the drawdown type and any daily loss limit.
Modeled monthly capacity
PayoutsPropMinMax’s estimate of how much you could withdraw in a month, based on published caps and payout frequency. It is not expected income and assumes you qualify for every request.
N
1 termNominal capital
AccountsThe advertised account size. It is a plan label and sizing framework, not necessarily cash allocated to the trader.
P
6 termsPayout cap
PayoutsThe maximum eligible withdrawal under a firm’s stated rule. A cap can apply per request, cycle, month, account, user, simulated stage, or lifetime.
Payout difficulty
PropMinMaxA 0–100 score for how many hoops you have to jump through to get paid — drawdown, buffer, consistency rules, withdrawal restrictions, and daily loss limits. Higher means more restrictions, not a prediction that the firm won’t pay.
Payout opportunity
PayoutsA point at which the firm allows an eligible withdrawal request. PropMinMax caps estimated opportunities at 20 per 30 days and treats first-payout timing separately.
Payout-to-cost ratio
PropMinMaxEstimated monthly withdrawable amount divided by the account’s all-in cost. A comparison number, not investment ROI or an earnings forecast.
Per-user cap
PayoutsA payout ceiling shared across all accounts owned by one trader. Multiplying accounts does not multiply a per-user cap.
Profit split
PayoutsThe percentage of an eligible withdrawal retained by the trader. The split matters only after caps, buffers, timing, and other eligibility rules are satisfied.
R
2 termsReset
CostsA paid or included restart of an evaluation after failure. Reset pricing and retained progress vary by firm and can materially change expected cost.
Rule edge
TradingA favorable economic effect created by the interaction of plan price, boundaries, resets, and payout rules. It is distinct from having predictive skill in the market.
S
3 termsScaling rule
RulesA contract-size restriction that increases permitted size only after profit or time milestones. PropMinMax scores mandatory scaling as less flexible.
Simulated-funded
AccountsA post-evaluation account in which trading results are simulated while payouts may be paid by the firm under its contract. Rules can differ from a live brokerage account.
Static drawdown
RiskA breach threshold that generally remains fixed rather than trailing profitable performance. Other rules can still reduce usable risk.
T
2 termsTrader edge
TradingA repeatable advantage in market selection, entry, exit, sizing, or execution that remains positive after costs. It should be measured across a meaningful sample.
Trailing drawdown
RiskA loss threshold that moves upward after qualifying gains. The key distinction is whether it trails intraday or updates at a session boundary.
W
3 termsWithdraw-all
PayoutsA PropMinMax label indicating that a plan can eventually allow all eligible simulated profit to be withdrawn. Timing, buffers, transitions, and other restrictions may still apply.
Withdrawal cap
PayoutsA rule limiting the percentage or dollar amount removable at one time. PropMinMax separately flags common 50% withdrawal restrictions.
Winning day
PayoutsA trading day meeting a firm’s positive-profit requirement. The threshold and whether days reset after a payout are firm-specific.
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