The language behind the table

PropMinMax Glossary

44 definitions written for the way futures prop accounts actually work—not for a marketing brochure.

Showing 44 terms

A

4 terms

Account cushion

Risk

The 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

Accounts

The 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

Costs

A 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

Costs

Evaluation 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 terms

Benchmark day

Payouts

A 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

Payouts

Profit 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 terms

Consistency rule

Rules

A 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

Trading

Replicating 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

Costs

Total 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

Costs

Total prop-related spend divided by the number of accounts that produced at least one withdrawal. This captures failures that happen after passing.

D

3 terms

Daily loss limit (DLL)

Risk

A 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

Payouts

PropMinMax’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

Risk

The 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 terms

End-of-day (EOD) trailing

Risk

A 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

Accounts

The 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

Costs

The 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 terms

Fixed payout account

Payouts

An 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

Accounts

The 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 term

High-water mark

Risk

The 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 terms

Inactivity rule

Rules

A maximum period without qualifying trading activity before an account may be closed or reviewed. Calendar-day and trading-day definitions can differ.

InstaPay

Payouts

A 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

Accounts

A plan feature that avoids a separate waiting or manual activation interval after passing. Fees and verification requirements may still apply.

Intraday trailing

Risk

A 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

Rules

Holding 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 term

Live transition

Accounts

A 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 terms

Maximum loss limit (MLL)

Risk

The account-level breach threshold or drawdown amount. It should be read together with the drawdown type and any daily loss limit.

Modeled monthly capacity

Payouts

PropMinMax’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 term

Nominal capital

Accounts

The advertised account size. It is a plan label and sizing framework, not necessarily cash allocated to the trader.

P

6 terms

Payout cap

Payouts

The 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

PropMinMax

A 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

Payouts

A 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

PropMinMax

Estimated monthly withdrawable amount divided by the account’s all-in cost. A comparison number, not investment ROI or an earnings forecast.

Per-user cap

Payouts

A payout ceiling shared across all accounts owned by one trader. Multiplying accounts does not multiply a per-user cap.

Profit split

Payouts

The 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 terms

Reset

Costs

A 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

Trading

A 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 terms

Scaling rule

Rules

A contract-size restriction that increases permitted size only after profit or time milestones. PropMinMax scores mandatory scaling as less flexible.

Simulated-funded

Accounts

A 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

Risk

A breach threshold that generally remains fixed rather than trailing profitable performance. Other rules can still reduce usable risk.

T

2 terms

Trader edge

Trading

A 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

Risk

A loss threshold that moves upward after qualifying gains. The key distinction is whether it trails intraday or updates at a session boundary.

W

3 terms

Withdraw-all

Payouts

A 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

Payouts

A rule limiting the percentage or dollar amount removable at one time. PropMinMax separately flags common 50% withdrawal restrictions.

Winning day

Payouts

A trading day meeting a firm’s positive-profit requirement. The threshold and whether days reset after a payout are firm-specific.

Found a term we use differently?

Send the context. Definitions should remove confusion, not create it.

Suggest a correction